Lethbridge Herald, The (Newspaper) - October 17, 1973, Lethbridge, Alberta
8-THE LETHBRIDGE HERALD Wtdneiday, October 17, 1973 Ontario, Quebec top list Alberta defence bill million OTTAWA (CP) Most an- nual defence expenditures go to five provinces, with Ontario and Quebec getting the greatest amount, Defence Minister James Richardson says in answer to a written Commons question. Get your just desserts. GOT IT? GOOD FOR YOU! Palm Dairies Limited Pfll_M At the request of Michael Forrestall Halifax Mr. Richardson listed department expenditures by province for several years. These show that most defence money is spent in On- tario, followed in order by Quebec. Nova Scotia. British Columbia and Alberta. Figures for the 1971-72 fiscal year are: Newfoundland Prince Edward Island Nova Scotia New Brunswick Quebec Ontario Manitoba Saskatchewan Alberta British Columbia Yukon Territory and Northwest Territories Spending outside the country for the same year was In response to another ques- tion from Mr. Forrestall. Mr. Richardson said 9.1 per cent of the defence spending went outside the country in the 1971-72 fiscal year. The percentages for previous fiscal years were: in 1970-71, 10.7 in 1969-70, 10.9 in 1908-69, and 12.5 in 1967- 68. Mr. Richardson long has ad- vocated that more provinces reap benefits from defence spending. He said in the past that too much spending has gone into the Ontario-Quebec industrial area. River barge transports KWE1LIN, China (CP) Prime Minister Trudeau boarded a double-decked river barge today and sailed 50 miles down the spectacular Li' River, apparently fulfilling a long-held ambition. "It's something we've all dreamed he said as he stood under the canopy and admired the mountains form- ing cone-topped canyons on both sides of the shallow waters. October 17 to 20 Big Savings On All Your Needs! LADIES GIRLS WEAR BUYS! MISSES' ACRYLIC CARDIGANS with long sleeves, two patterns in cable stitch. Sizes S.M.L. Colours white, navy, yellow and light blue. 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KRESGE 0.33 1 SPECIAL U 1 WEDNESDAY, THURSDAY AND FRIDAY UNTIL 9 P.M., SAT. 'TIL 6 P.M. 100% CRIMP SET 3 PLY NYLON YARN n, Black, Navy, M ikeins, 5 skeins Colors of White, Brown, Black, Navy, Mauve, Red, Purple, Yellow. 1 oz. Skeins. BOYS' 100% COTTON FLANNEL PYJAMAS Coat Style. Sizes 8-18. KRESGE SPECIAL 2 .56 APPLIANCE ROLL OUT UNITS Supports 2000 Ibs. Washers, dryers, stoves etc. Colors Avocado, Gold or White. KRESGE 4 SPECIALS LUNCH COUNTER SPECIAL Spaghetti Dinner with Meat Sauce, Parmesan Cheese, Roll and Butter KRESGE SPECIAL Canada may help back refinery CARACAS (Reuter) -Can- ada and Venezuela are consid- ering the possibility of jointly financing new petroleum refi- neries, Venezuelan govern- ment sources said Tuesday. This was one of the topics discussed Monday by Cana- dian Energy Minister Donald Macdonald and Venezuelan Hydrocarbons Minister Hugo Perez la Salvia, the sources said. The sources said Canada and Venezuela were agreed in principle to strengthen their ties in the petroleum field, to ensure Canada will continue to receive an adequate flow of the Venezuelan product. In 1972 Venezuela sold Can- ada 152 million barrels of crude and refined petroleum products. Soybean gold Soybean farmer cnecus bins of the nuggets of pro- tein which offer U.S. trade enrichment. Soybeans valuable commodity By HARRY B. ELLIS Christian Science Monitor WASHINGTON, D.C. What is the single most valuable export of the mightiest industrial nation the world has ever known? Soybeans. If it were not for soybeans, the U.S. would have little chance of balancing its foreign trade next year, an en- ticing prospect held out by Treasury Secretary George P. Shultz. Three-fourths of the world's soybean crop is grown in the United States, principally in Illinois, Iowa, Indiana, and a few other Midwestern and Southern states. World demand for American soybeans is so great that in 1972 the U.S. exported 400 million bushels of soybeans, worth billion This year the export total may reach 525 million bushels. This enormous boom in foreign sales had other conse- quences: June soybean futures prices on the Chicago com- modity market skyrocketed close to a bushel, up from at the beginning of the year. In the Amsterdam market the price shot to a bushel The Chicago price now is below carry-over stocks in the U.S. shrank to 60 million bushels on Sept. 1. the start of the 1973-1974 marketing year. This represents about 15 days' consumption and is, ac- cording to the Department of Agriculture, the lowest carry- over supply figure since 1966. By pressing every available acre of land into production American farmers expect to grow 1.6 billion bushels of soybeans in 1973-1974. 25 per- cent more than last year's record crop. In anticipation of a larger crop, and with an eye to in- creased foreign-exchange ear- nings, the U.S. Government on Oct. 1 lifted soybean export controls that Washington had clamped on in June. Officials now foresee a 60- million bushel carry-over of the 1973-1974 crop, which would boost reserve stocks well above 100 million bushels. This presupposes that all goes well in other parts of the world, particularly off the coasts of Peru, where schools of anchovies traditionally provide rich fishmeal feed for cattle. In 1971-1972 Peru exported 2.2 million metric tons of fishmeal. The next year, due either to years of over-fishing or tn shifts in ocean currents, the fishmeal crop sank to 400.- 000 metric tons. Increase sought in beer price WINNIPEG (CP) The President of the Manitoba Hotel Association today said the provincial government should increase the selling price of alocholic beverages and vendor beer as soon as possible. Nick Pyrch of Winnipeg, speaking to the association's annual meeting, said the hotel industry in Manitoba faces ever-decreasing profits, and a price increase is "essential to our survival as a business." He said labor costs have in- creased sharply since 1967, the last time the provincial government made a price ad- justment. Most brands of beer sell at vendors at 05 for a dozen bottles.