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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 12, 1974, Lethbridge, Alberta 34 -THE LETHBRIDQE HERALD Saturday, October Mortgage rate subsidy plan may be broadened OTTAWA (CP) Faced with a tailspin in housing construction, Urban Affairs Minister Barnett Danson says he is considering broadening the government's mortgage rate subsidy plan for new home buyers. The program would be along the lines of the Liberal elec- tion proposal to double the money available under the assisted home ownership program (AHOP) by adding private funds to government aid, he indicated in an inter- view Friday. The minister said the pro- posal is one of many before the cabinet to cope with the downturn in housing activity in recent months. CHANGEA LIFE OPEN YOUR HOME Imagine yourself with a physical or mental handi- cap. Or recovering from a period of emotional dis- turbance. People with these problems used to for institutions. But now, our special landladies in the approved home program are providing a friendly, home atmos- phere to people with these problems. Our landladies' secret weapons are concern and common sense. Because we value our landladies highly, we pay them a special fee in addition to the guests' room and board. In addition, professional assistance is on call, ready to help, 24 houis a day. Our landladies are doing a remarkable and because of it, we're looking for more. At least 20 new approved homes are needed right now for Southern Alberta people, who have no other place to who otherwise will never achieve their true potential. If you're inter- ested or would like to discuss this, phone Mr. Stuart Norton or Miss Elaine Petty, Approved Home Program, Mental Health Services, Leth- bridge 328-9281. Or drop in and talk to us at 1201-3rd Avenue South, Lethbridge. Alberta Health and Social Development But Mr. Danson is clearly leaning strongly in that direc- tion as he suggests a limited amount of government money could shake loose a larger amount of private money for new home purchasers. William Teron, Central Mortgage and Housing Corp. (CMHC) president, said in Montreal Thursday that if housing construction drops well below'an annual rate of starts in early 1975 the government will intervene heavily. Mr. Teron suggested public subsidies could be linked to private capital to permit many more Canadian families to buy homes of their own. Under such a plan, private lenders lending money at the current CMHC direct loan rate of 11.25 per cent could get subsidies bringing the effec- tive rate down to eight per cent for AHOP borrowers, a corporation spokesman said Friday. AHOP also permits ad- ditional monthly payments up to ISO to new home purchasers to further lower the effective interest rate. This requires legislation and approval of the finance minis- ter, the spokesman said. the July 8 federal election campaign, former ur- ban affairs minister Ron Bas- ford said the government wanted to encourage private lenders to put about million into AHOP, about the same as the federal contribution. Mr Danson said the "budget squeeze is on pretty tight" but housing is a top priority in government plans. Alberta book publishers may get government aid QUALITY DENTURE CLINIC EDDY DIETRICH CtrlMad atoehanle 303-MiSmatSo. Ntotcalf Quitting PHONE 328-7684 New speed signs Highways department painter Warren Stillman prepares new 50 miles an hour signs to be erected on many British Columbia highways in a effort to reduce traffic accidents. Speed limits are being cut by five to 10 miles an hour. Human error involved in aviation accidents EDMONTON (CP) Culture Horst Schmid lays the Alberta government 'is considering how it provide financial support for the province's book publishing industry. Mr. Schmid said Friday that aid could take the form of government guaranteed credit amounting to several million dollars, along with grants to publishers and authors to finance publication of Alberta writings. He said the province has been studying plans in effect in Quebec and Ontario, which are currently the only provinces with aid programs for the book publishing in- dustry. The minister said that aid of the new policy would be to assist existing publishers, and to attract new ones with the objective of self sufficiency in the literary arts. Edmonton publisher Mel Hurtig said the book publishing industry has always suffered from lack of working capital, and that the government proposal is welcome. He said that commercial financial institutions are reluctant to lend to publishers because return on investment is relatively low. An advisory and review board, made up of represen- tatives of business, publishing, the arts, and the department of culture, youth, and recreation, would pass judgment on applications for assistance. MEETINGS Ensure a stimulating and successful sales meeting by planning everything at the Calgary Convention Centre A huge choice of accommodation enables you to plan your event in any style Complete audio- visual facilities and capability for closed circuit arid cable TV are just part of the services offered No matter what event you have in mind large or small we can help you Why not call us now' P.O. Box 2110, Calgary, Alterta 261-8800 Calgary Convention Centre LH RURAL EXECUTIVE LIVING Only Owner Transferred anxious to Mil. WICKES CANADA LTD. Coutts Highway Lethbridge, Alberta ANNOUNCESA FALL CLEARANCE ON 74 New, Used and Obsolete Stock Saturday, Oct. 19th, 1974 In Coutts Highway Plant 8 a.m. to p.m. CLEARANCE ON Interior Prefinished Panel, Upholstery Fabric, Drapery Fabric, Refrigerators, Ranges Hot Plates, Range Hood 12 volt Blank Toilets, Tail Light, 110 Volt Lights, 12 Volts Air conditioners, Sinks, Trailer Doors, Windows, Cabinet doors, Furnaces, Septic tank shower pans. OTHER ITEMS TOO NUMEROUS TO MENTION BANFF (CP) Human error is involved in about 85 per cent of aviation accidents and in many of these cases medical' problems are a contributing factor, a group of civil aviation medical ex- aminers were told Friday. Dr John Kirkbride, regional medical services director for the federal health department, also told the ex aminers gathered in con- junction with the Alberta Aviation Council annual meeting that millions, people now are affected by the quality of the medical -ex- aminer determining whether or not a pilot is medically lit to fly. He said that because the ac- cident rate has not kept pace with the huge increase in fly- ing activity, medical and other safeguards must be effective. Dr. David Petit, an aviation medical officer, said heart disease was the "most prominent" problem among flyers and involved 41.7 per cent of the cases referred to the medical review board last year. DMhriH IMNkifc Ltefi No. 41 BAZAAR AND TEA Thin. Oct. 17 2-5 p.B. I.O.O.F. HALL Everyone Welcome! rrtiaiai CMMM Mkai ftaiinrtaMilaiiai IIIHII mi 9pvfivpm doon patto BtauUful ciMtont buHt Lar0a toyar cupfcoardc Doiihlt 9afaaa with automatic Natural ftraplaca 1% yaan oM "WHy room on main floor PLUS MANY MORE FEATURES Call ROGER HANDLEY 345-3039 OR Oliver-Handley Roal Estate Coaldale Phone 345-3534 HAL HOFFMAN Is a family man who actively contributes to church, sports and ser- vice club activities. As a citizen has seen first-hand the growth of Lethbridge during the past decade. Is concerned about local policies. Is keenly interested in education, health serv- of Lethbridge. HAL HOFFMAN is people oriented and believes in basic values of honesty, openness, thrift and industry. Wants to see controlled and orderly growth of industrial activity in Lethbridge. Industry and business should pay for all services in direct relation to benefits received. Account should also be taken of tax benefits available to bus- iness and industry not available to individual home owners. Wants the City tendering system put on a sounder basis. Would like to see a system of land banking to avoid the problems of speculation. Home own- ership should not be a privilege but should be within reach of all families. Would put a low priority on City Hall expan- sion. Would urge citizens to become conservation minded in all things so that they might Improve the quality of their lives. YOUR INDEPENDENT CANDIDATE FOR ALDERMAN Vote HOFFMAN, Hal X Inwrtad by HAL HOFFMAN ELECTION COMMITTEE WE'RE MOVING! Therefore we mutt clear our stock. Now is your chance to buy your boat at greatly reduced prices. DEMONSTRATOR Excellent Family Boat V168 stern drive 100 H.P. omc. power tilt, seats six. walk thru windshield, foam flotation, horn, instruments, built In fuel tank, two tone color scheme. 1975 VALUE OAA CLEARANCE BRAND NEW VI68 OUTBOARD All-around Family and Sports Boat 1500 Merc, seats six in fold-out seats, walk thru safety glass windshield, tachometer, speedometer, glove box, foam flotation, lots of extra features. 1975 VALUE 4 ffcM CLEARANCE I V9 IDEAL WATER SKIIN6IOAT V145 (brand deep-V HULL. 65 H.P. Mercury, tachometer, speeddmeter, locking glove box, foam flotation, covered engine well, fold down seats, sports windshield, two tone color scheme metatflake. 1975 VALUE BRAND NEW V148 ALL WEATHER VEE-HULL BOAT 650 Mercury motor, walk thru safety glass windshield fold down seats, foam flotation, tachometer, speedo- meter, etc. 1975 VALUE CLEARANCE PRICE A j 1 W CLEARANCE PRICE WISOKMONflMini Ideal all-around Family Tri-Hull Boat Excellent sta- bility for the first time boaters. W150 hull, convertible top, 1500 Ib. trailer, 850 Merc. 12 inch heavy duty wheels on traitor, fold-down seats, foam flotation, two tone color, tachometer.-speedometer, full convert- ible top, trailing plate, extra propeller, power trim, spare tire, fishing rod holders, cigarette lighter, etc. 1975 VALUE 4 A A CLEARANCE PRICE...........TWf I W CUSTOME WATER SKI SPECIAL Ideal for me first time boater. V145 boat. Merc. 500 (50 two tone color, foam flotation, sleeper seats, sports windshield, glove box. 1975 VALUE CLEARANCE PRICE...........TeC EXCELLENT SMALL FAMILY BOAT Tri-Hull for .stability, W130 boat 402 Merc, motor, swivel bucket seats, foam flotation, two tone color, battery and box. 1975 VALUE AAK CLEARANCE PRICE..........7 jQVO DEMONSTRATOR W125 Tri-Hull Open Fishing Boat positive flotation. 197S VALUE CLEARANCE f Q TWO ONLY110' Y-STEBN CANOES Meal for small motors CLEARANCE PRICE, each ONE CANOE CLEARANCE PRICE..... EXTRA SPECIAL! ZODIAC Super safe inflatable. CLEARANCE PRICE W136 OPEN FISHING MAT 13% ft Pilot Model, 20 H.P., Merc. 197S VALUE 4 A A CLEARANCE PRICE T f WW 327 3rd Street South Phone 32S-4S50 ;