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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 24, 1973, Lethbridge, Alberta Strong growth rate expected by Turner Wednesday, October 24, 1973 THE LETHBRIDGE HERALD 27 Alberta MP runs to form P. A. GAGLARDI Gaglardi won't run in contest KAMLOOPS, B.C. (CP) P A. (Flying Phil) Gaglardi, once regarded as a major con- tender for British Columbia's Social Credit leadership, has apparently taken himself out of the contest to succeed former premier W. A. C. Bennett. The pint-sized Pentecostal minister said in an interview he has no plans to run for the leadership being vacated of- ficially by the former premier next month. Until recent he had been regarded as one of the front-runners in the Social Credit race. But he did leave the door open, just a crack. "It's an awful slim said Mr. Gaglar- di, who held the public works, highways and rehabilitation department portfolios at various times during the 20- year Bennett administration, which came to an end in August, 1972. It would almost have to be a draft He hasn't got much time to change his mind. Leadership nomination papers must be filled with Social Credit provincial headquarters in Vancouver by today. The front-runner in the leadership race is Bill Bennett, who succeeded his father W. A. C. Bennett as MLA for the Okanagan South riding in a Sept. 7 byelection. By VICTOR MACKIE OTTAWA Finance Minister John Turner forecast in the Commons Tuesday that Canada should experience a "strong rate of growth" in 1974 as well as this year. Members of the cabinet were questioned in the House about the state of the economy, inflationary pressures and unem- ployment. James Gillies Valley) the official op- position's financial critic claimed that it was clear that in the second quarter, and probably in the third quarter, the economy is not expanding. He said unemployment was rising and attributed both developments to high interest rates. "What is the government going to do about he de- manded. "The economy is still grow- ing at the rate predicted by the government and rejected by the opposition February. The real rate of growth of seven per cent across the country shows that the economy is at capacity or near said Mr. Turner. Later he told the House "we are looking forward to a strong rate of growth both in 1973 and 1974." Cabinet ministers were bombarded with questions on such subjects as: interest rates and their effect on the growth rate. of living index dis- parities between the cities. unemployment among the young under 25. high cost of in- terest charges on mortgages. With regard to mortgages Mr. Turner said Urban Affairs Minister Ron Basford was attending a trilevel con- ference in Edmonton. He said SOLD FOR LONDON (Reuter) A 119- year-old West Indian stamp was sold for at an auction here. The stamp was the 1854 one-penny Bermuda provisional, created by strik- ing a postmark endorsed with the words one penny. he would refer the question on mortgages and interest rates to his colleague. The minister rejected argu- ments from the opposition that the high interest rates OU cent of nothing for Alberta EDMONTON (CP) A. J. Hooke, a former cabinet minister, says Albertans may find themselves receiving 50 per cent of nothing from Syncrude Canada Ltd.'s million Athabasca oil sands project. Mr. Hooke, in a letter to the editor of the Edmonton Jour- nal, notes that the govern- ment of Alberta would receive 50 per cent of net profits from the Syncrude operation. But, he says, the agreement between the provincial government and Syncrude also guarantees to Syncrude all its costs and an interest return on its proposed Si- billion investment before the province receives one cent of revenue. "If the company is per- mitted to recover all its costs plus a guaranteed rate of in- terest on its investment before Alberta residents reap one cent of royalty, we might find ourselves receiving 50 per cent of nothing. EXCELLENT DEAL Mr. Hooke said that if Syncrude is permitted a profit of eight per cent on its total in- vestment, as the agreement indicates, the annual profit permitted before the govern- ment participated would amount to million. "As it stands at this moment, it appears to be an excellent deal for the four companies, Atlantic Richfield, Imperial Oil, City Service and Gulf Oil, which make up Syncrude." The figure in- cludes the cost of power plant and pre- production expenses in addi- tion to the cost ot Syncrude's extraction plant. were bringing about a slow- down in the growth of the economy. "There is no evidence that the high interest rate either is contributing to the slowdown in economy or is geared to slowing down the economy. "It moderates the expan- sion of the economy in two ways. First of all to respond to the extremely strong demands for credit to accom- modate that expansion and secondly, to reflect the inter- national interest rate struc- said Mr. Turner. Joe Clark VETERANS' HOSPITAL BEING TRANSFERRED By VICTOR MACKIE OTTAWA The Canadian government is continuing its policy to negotiate the transfer of veterans hospitals to provincial governments, Veterans Affairs Minister Danial Macdonald told the Commons Tuesday. He rejected suggestions made in the House by Allan B. McKinnon that the retirement of Dr. K.S. Ritchie, assistant deputy minister for hospitals in the department, would slow down or "freeze" the transfer of the vet hospitals to other jurisdic- tions. The minister said efforts to bring about the transfer of all veterans hospitals still under the administration of Ottawa would be continued. It was a policy of the federal govern- ment and it had not been changed. He said Dr. Ritchie's deci- sion to retire at 63 years of age, two years ahead of his normal retirement age, was not a "sudden decision." It was due to personal reasons. Dr. Ritchie is chairman of the government task force to negotiate the transfer of veterans hospitals to provin- cial governments. Mr. McKinnon said he had inferred from Dr. Ritchie's decision to retire that there would be a "slowdown" or a Sears HUNT SHOP Sears] SPORTS CENTRE WHERE THE NEW IDEAS ARE Down Insulated Sports Jacket 39" Reg. Outer shell of nylon and cotton, with corduroy collar. Parka-type hood, has two side pockets, two slant pockets. Available in Red, Tan or Olive Green, In small, medium and large, (not all sizes in all colors) Equerry 30.06 99" Reg. Customized by the famous Churchill Gunmakers. Checkered Walnut stock and forearm. New stock and barrel. 5 shot capacity with vent recoil pad. Parker Hale Super Safari 159" Reg. Model 1200. Mauser sporter with 5 shot capacity. 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The federal department of veterans affairs continues to operate veterans' hospitals in the following centres: Victoria Veterans hospital; Van- Shaughnessy Hospital; Belcher Hospital; Win- Lodge Hospital; Hos- pital; Anne de Bellevue; Mary Hospital and in Halifax the Camp Hill Veterans' hospital. The federal government is hoping to eventually negotiate with each province for the transfer of the eight remain- ing federal veterans' hospitals to the jurisdiction of the province in which it is located. However it has proved to be a slow process. Herald Ottawa Bureau OTTAWA "Keep an eye on Joe Clark, he's one of the most politically experienced persons on Parliament an obvious admirer com- mented about the young Alberta MP just a day or so after last October's federal election. To an outsider, a rather strange comment to make about the 34-year-old member of Rocky Mountain con- stituency since he'd yet even to sit in his bench in the House of Commons chamber. Now, though, with the former journalist and Univer- sity of Alberta political science lecturer coming to the end of his first year as a member of Parliament, it's pretty obvious Clark is runn- ing true to form. After all, it was Clark who a week or two ago organized that "barnstorming" tour of the nation's universities, colleges and high schools by top Progressive Conservative MPs. In just four days some 30 Conservative caucus members swept through 27 in- stitutions coast-to-coast spreading the party message "It's not just that we have to show today's younger peo- ple that we are the party of youth and the says the Alberta because Prime Minister Pierre Elliott Trudeau tried to do that in 1968 and just look at how he disillousioned them within a year or two. But when the Conservatives form the government we are going to need a lot of help and advice from academics to put our programs into action We have to show the academic community that the Conser- vative party recognizes their expertise and wants to take advantage of their knowledge." Clark is like that- Rational. What's more, he's dedicated without being fanatical about it Ambitious without being blatant about it. EARLY START And no wonder for, even though he's been in the Com- mons less than one full year, Clark has been deeply involv- ed in politics since the age of 17 when the John Diefenbaker whirlwind took the West by storm. At the age of 19 he was private secretary to former Alberta Conservative leader W. J. C. Kirby. He followed this up by being executive assistance to federal leader Robert Stanfield for two years, director of organ- ization for Alberta Premier Peter Lougheed, and held a wide variety of executive positions with various Conser- vative organizations throughout the years. As the admirer said just a day or so after the election: Welcome Joe Clark, one of our newest but most experienced members. Experience has helped Clark avoid one of the most serious pitfalls awaiting new and much-heralded politicians. Forgetting about the con- stituency due to spending so much time achieving a national image. A glance at the questions Clark asks in the Commons and at House com- mittees shows a careful bal- ance between constituency and national concerns. Letters of thanks in his files from con- stituents he has helped with personal problems gives add- ed strength to his strong con- stituency bent. The current energy squab- ble between the Liberal federal government and Mr. Lougheed's Conservative government in Alberta has already vindicated one of Clark's original claims that what is really in dispute is whether there is going to be an equitable form of in- dustrial development coast- to coast across Canada or whether economic develop- ment is to continue to be con- centrated in Central Canada. "When you come down to basics, petroleum is to Alberta what geography was to the 'golden triangle' of Ottawa-Toronto-Montreal of central Canada It is our ad- vantage, our key asset, and the government that controls the future of petroleum development controls the future of Alberta emphasizes Clark. Unless Alberta can retain its constituentional right and maintain control over its energy resources the oppor- tunity for real industrial development in Western Canada will be lost, insists Clark stressing that Alberta is now fighting its most serious battle for economic survival since the Great Depression "It's important to recognize that Albertans are not in this contest alone. Other provinces are deeply concerned about retaining provincial control of natural resources. Nova Scotia is one such province because of the discovery of petroleum off its shores Quebec is another. Probably Saskatchewan shares that view, now that petroleum ac- tivity and discovery is in- creasing there Because of Clark's past relationship with Stanfield and the party the Rocky Mountain constituency MP believes he has been able to bring Alberta's side of the case to the federal partv caucus. Grain cars picketing called off MANNING (CP) The National Farmers' Union (NFU) called off proposed picketing of the Great Slave Lake Railway yesterday when 16 grain cars arrived at this town, 130 miles north of Grande Prairie. The NFU said last week that if the railway continued to send large numbers of ore cars up the line while few grain cars were received, they would stop rail move- ment by picketing Grain was rotting in piles in fields while the railway con- tinued to ship non-perishable ore. the NFU said Creative stitchery kits Discover for yourself the enjoyment in making something by hand! Save to Crewel embroidery kits Three striking designs, all stamped on top quality homespun. Needle, ample yarn and complete instructions included. Frames are not included. a-'Nasturtiums'. Designed to fit frame size 12" x Reg. b-'Four Seasons' series. Choose 'Winter' 'Summer', 'Spring' or 'Fall', or all 4 for an attractive grouping. 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