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Lethbridge Herald, The (Newspaper) - October 26, 1972, Lethbridge, Alberta Low tonight 15-20; high Friday near 35. The Letltbridge Herald LIOTHBIillKJK. OCTOBER 1972 PRICE NOT OVEIi 10 CENTS. TWO PAGES By KEN POLE EDMONTON Harry Strom, a quiet-spoken former rancher who assumed leadership of Alberta's Social Credit party four years ago, stunned the leg- islature Wednesday with his announcement that he in- tends lo resign as opposition leader. But although Strom will be bonding over the party reins to someone else, he won't be getting out of the saddle. He'll continue to sit sf, the member for Cypress, a rural riding in the rolling grassland of south- eastern Alberta. The main reason lor his decision, be said, was his age. He's 58 and will be at least when it's limo for the next provincial old, he fell, tor tha job. "I's nol an unknown fact dial I intern! to step down he said later outside the house, commenting on published speculation that began when his government was toppled by Peter Lougheed's Progressive Conserva- tives in August, 1971. In that contest, the Conservatives took 40 of the 73 seats in the Legislature while Social Credit, which had governed the province for 35 years, took only 24. Tha New Democratic Parlv won (he other seat. Mr. Strom suffered another setback wlicn Dan Rouvier hroko ranks anrt ID sil as an independent for Lac la liichc-McMunay last May in the Sirst sitting of this, the 17th session. Just who will take over the reins isn't clear hut there arc several prospects, including 62-year-old Gor- don Taylor whose record in the house belies his age. A vigorous man who is tenacious in the heat of debate, Mr. Taylor admitted he would like to succeed Mr. Strain hut preferred to be drafted, saying "my services Fire available if anybody wants them." Mr. Taylor, a former highways minister under Mr. Strom and former premier Krnc.-l C. Manning who was appointed lo Ihe Senate in 107U. has been the mem- ber for for VI years and shows no signs of slowing Olhcr poxsiliililios are Robcri Clark, 35, a former education rninislcr wlm is the. member for Olds-Dids- bliry. and Hay Speaker. a former minister of health and social development Lilllc1 Bow riding borders- on Cypress. Mr. Strom, however, has IKI favorites for n suc- cessor. "f am not going lo be expressing any personal he said outside the house. "I think it would Ix; wrong for me to do il." vV leadership convention is cxpeclcd to he held in ronjnnelkin with the mooting of Ihe. provincial parly- I-Yh 15 al Ivlnonlnn. Thai's Ilir lime preferred bv Mr. Klroin. vvhr.'ll rrtriiu Ilir leadership until (hen. aiid William .InliiiMiii. prc.-idml of 111" Sre-ial Credit. Ixsagnc of Mr. Johnson said in an interview tie was "sorry to sec the end of an orn" that began in IMS when William Abcrhart, popularly known as Bible Bill because of his evangelical radio program, introduced Social Credit to Ihc province. The era really ended wh'.'ii Ihe Conservatives stunn- ed vicloi v iji 1'iTI, ending for l-lrom llu- of 17 years ill public service his U-nn -is STcinier. Money markets jittery LONDON' (AP) The British pound fell to a record low for the third straight day today, unsettling world money mar- kets and affecting other leading currencies including the French franc. By early afternoon Ihe pound was down to here, a drop of nearly I'.i cenls from the close of S2.HS Wednesday night and an all-lime low. London dealers said the Paris foreign exchange market was The French franc weakened against Ihe U.S. dol- lar in moves related to Ihe pound's troubles. The pound has been falling because in the view of financial markets it was over-valued, due primarily to Britain's rate of inflation, the highest in West- ern Europe, and other eco- nomic troubles. Once the pound had sharply declined, however, lowering its exchange rales against olhcr currencies, it left the weaker ones among them exposed as the next targets for reduced ex- change rates, the French franc prominent among them. Dealers in London said the key element was government efforts lo control inflation. Business, trade union and gov- ernment leaders met today in .in atletnpt to work out a volun- lary price and wage restraint program for controlling in- flation, now running at some 10 per cent a year. GERMANS SPECULATE The pound has also been nil by speculation from leading West German economic in- stitutes that it eventually will be repegged at The Times added fuel to this in an editorial which said the pound could be repeggerf anywhere between and S2.40. In an apparent move io halt Ihe run on the pound, the Brit- ish treasury today issued a slatement specifically denying the German report of a at S2.25. The treas- ury said the reports were "without foundation." Hie government is pledged lo rcpesging the pound as soon as possible, but wants to bring in- flation under control first. Oth- erwise a further devaluation niicthl be necesary. The timing and level of the repegging is expected lo de- pend largely on the success of the government in selling a vol- untary wage-and-price restraint program. Should Ibis fail, the government is believed pre- pared to order a mandatory wage and price freeze. Here are main points of war agreement HONG KONG (Rcuter) Following are Ihc main points of an agreement lo end the Vietnam War which North Vietnam said loday had heen worked oul between the United States and Norlh Vict- nsm at secret negotiations: 1, The United States re- spects the independence, sov- ereignty, unity ami territorial integrity of Vietnam as rec- ognized by the 193-1 Geneva agreements. 2. Twenty-feu" hours after the signing of the agreement, a ceasefire shall be observed throughout South Vietnam. The United States will stop all its military activities and end the bombing mining in North Vietnam. Within CO days, there will be a total withdrawal from South Viet- nam of Ircops and military personnel of Ihe United States and those of foreign countries allied with the United States and with tile Republic of Viet- nam. The two South Vietnamese parties shall not accept the introduction of troops, mili- tary advisers, and military personnel, armaments, muni- tions and war material into South Vietnam. The two South Vietnamese parlies shall be pennitled to make periodical replacements of armaments, munitions, and war materials lhat have been worn out or damaged after tile ceasefire, on the basis of piece for piece of similar characteristics and proper- ties. The United States will not continue its military in- volvement or intervene in the internal affairs of South Viet- nam. n. The return of all cajv lurecl and detained person.1; hclonging to the parties will Uikc place in parallel with the withdrawal of American trocps. 1. The principles for the ex- ercise of Ihe South Vietnam- ese peoples right lo self-de- termination are as follows: The South Vietnamese people fihi'll decide themselves the political future of South Viet- nam through genuinely free iiixi democratic general elec- t'cns under international su- pervision. LVitcd States not milted to any po'itical Qi' to any rlily in South Vietnam, and it ('CMs rot Kcek to i rn a pro-American regime in Sai- r.. The reunification of Viet- nam shall h? carried out slep by step through peaceful means. 6. A four-party joint mili- tary commission and a joint mil itary com mission of the two South Vietnamese parlies will be formed. An international commis- sion of control and super- vision will bo established. An international guarantee conference on Vietnam will Ixj convened within 30 days of the signing of this agreement 7. The government of the Democratic Republic of Viet- nam Ihe provisional revolutionary government of the Republic of South Viet- nam, the government of the United States of America, pr.d the government of the Republic of Vietnam shall si 'icily rested the Cam- bodian and L-ios fun- damental national rights as recognized by the lltol Cicn- pva agreements on Indochina and the 1902 Geneva agree- ments on Laos, I.E. the inde- pendence, sovereignty, unity and territorial integrity of these countries. 'Peace is at in Asia-Kissinger WASHINGTON 'AP> Pres- idential adviser Henry Kissin- ger syicl today "peace is at hand" in Vietrunn. Kissinger told reporters in an hour-long briefing thai most maio" provisions of a Fettle- ment have been agreed lo, but that one more negotiating ses- sion "lasting no more than Ihrec or fnnr days" is neces- sary. In breaking American silence rm the status of the ef- forts, Kissinger said the nine points outlined earlier today by No-tli Victmim arc essentially correct, He also said: "I want lo stress that what remains to done is the smallest part of v.'hal has already been accom- The presidential adviser said the remaining details are es- sentially linguislic and techni- cal but need to be settled be- fore the United Slates and South Vietnam can sign a pact. CENTRAL COMPLEX APPROVED A three-party agreement In principle was readied loday promising at least S8 million worlh of development downtown by Representatives of W o o d- wards Stores Lid. and ths pro- vincial department cf public works met local officials in the city to put Ihc topping on the agreement. Within a five souarc block area west of Eith SI. between and Gth Avc. a department store and service centre, pos- sible hotel or apartment lower and government facilities in- cluding a court house will bo linill. From AP-RELTEU SAIGON (CP) North Viet- nam said today the United States agreed to sign a peace pact nest Tuesday, Oct. 31, but then backed off and asked for further negotiations, saying it was having difficulty getting Saigon to go along. An official North Vietnamese slatement on the secret talks in Paris between Henry Kissinger and Hanoi's peace negotiators apparently caught the United States and South Vietnam by surprise. The North Vietnamese state- ment broadcast over Hanoi ra- dio accused the United Stales of bad faith in putting off im- plementation of the agreement three times on the grounds that it was having difficulty in ol> taming the agreement of the South Vietnamese government of President Nguyen Van Tbieu. TOWS FREE SN GO DAYS All prisoners of the war would he released and all American and foreign troops would be withdrawn within CO da vs. On the [xjbtical side, the agreement called for "free and democratic" genera! elections under international supervision, the setting uj of a three-section administration to Jmplcment Ihe agreement, and step-by-step reunification of Vietnam. In the first Saigon reaction, the government's official radio said: "A scparalo agreement Ix1- fwceti N'urth Vietnam and the United States does not concern us in any way. in South Vietnam have the right of self- determination.1' The North Vietnamese also read the statement to the Paris ptare talks. Afterward U.S. Ambassador William Porter said he thought it "preferable not to make a formal statement at this point." >'.v.iyen Van Thieu met for an hour with U.S. Am- bassador Ellsworth Bunker, his first with an American since Kissinger's visit ended Monday, when the President's national security adviser failed lo get him to agree to new North Viet- namese peace terms. The U.S. embassy declined comment. In Paris, the Viet Cong urged the United States to sign the accord to "give proof of its good will and good faith." 1 KNOW IT'S HERE SOMEWHERE Carol Ramage, 2205 Scenic Drive, was just one of many lelhbridge residents playing the n winler game "car, car, the car" early this morning afler old man winler rode into the cily on the wings of a storm that is expected to dump six inches of sn ow on the city before subsiding tonight or early Friday morning. See slory page 15. Dou'f forget. -voting on standard time TORONTO (CP'i Voters in Holiday's federal'election will have to keep in mind tire week- end shift to standard time from davlisht time. Polls will Ire open Monday from a.m. 7 p.m. local standard lime which goes into effect Sunday at 2 a.m. To make tlic switch, residents whu.se localities were on day- light lime will have to set their clocks back one hour. nrin f'OTONOlI, Dahomey (Keil- lor) The army took power today in Dahomey, the national radio said in a broadcast. Al the snrne time, shooting v.r.s he.'ird here and troops snr- i-oiMiil-.-d the (-.-esiilential palace in Ihir, African cumUil. Dy RICHARD Ilcreld Staff Writer Delegates to the AUMA con- vention in Lcthbridge were told Wednesday a shift in the em- phasis cf taxation, to land from property improvements, would stop land speculation and fa- cilitate urban renewal projects. A film and panel discussion poinled to the ills of the prop- erly tax structure as a direct cause of land speculation, a lack of incentive (o develop land or improve buildings, and general urban blight. A four-man panel, consisting of Alberla businessmen urped the AUMA lo demand an amendment to the municipal taxation act. "Untax rncms and increase the lax on vacant lands." as panel chair- man Gerry Shnw put it. Jim Ramsay, a Calgary busi- nessman, suggested the pres- ence of a community creates the value of land and tliat each community should "reclaim Ihc value it produces. It's lime we recovered for the community wbal the community creates, and left to the individual what the individual creates." There is a natural nool of public revenue. Mr, Ramsay said, which is not used lo full "when a city doubles in Ihe land values double, or more.'1 SHIFT UriiOI'.N Isadorc Gliener clarified Ihc poinl with an illustration: Four parcels of land in Edmonton, assessed al Sisn.ooo. were re- rently bought by Ihe city for P.V shifting Kir hlirdi-il n! Inxalinn tr> location. Mr. Gliriv or said, 'land speculation be- comes unprofitable, oven cx- Without profit, land speculation will Cities v.ould be able to pro- vide building sites for homes at prices people can afford to pay, he said. I.ami for public facili- ties and commercial ontc prise win'Id become more reasonable wilb luxation of land, lie added. "It is unreasonable for us lo expect lhat owners of land will develop llieir land when they can gain more profits by not developing it. Under the pres- ent structure, idle land in- creases in Mr. Griener said. Changing the system could not he accomplished over night, Mr. Ramsay said. It would have to be done over a period of five or ten years. For one thing, there would he strong opposition to such a change from large corpora- tions' including idenl real estate firms which rely heavily on land specula- tion, Mr. Gliener said. A resolution to ask the pro- vincial government for an amendment to the municipal taxation act cannot be submil- led at this convention, Leth- btidge Mayor Andy Anderson said. However, the delegates car. be asked to take the pro- posal back to Iheir councils for discussion and forward their recommendations individually to the AUMA executive. From there, it could be brought to the attention of the provincial government. MiESlSS.U'GA, Out. (CPl Robert Strmfield said Wednes- day night a Progressive Con- servative govermrterit couVi re- duce unemployment by half the present rate. "We can do so by liberating the spiiii of v.o Relieve now is the prisoner cf a po I i c y Ihsl is pvlling a death tax on personal in- ubtivc." the Conservative lead- er s.Did. Ha was speaking to a capac- ity crowd in a SCO-seat church in the constituency of Peol South, which lakes this com- munity just west of Toronto. At the s a m e time. Mr. S'.anfield said the federal gov- ernment is the wor.-t 'der and the principal cause of in- flationary psychology in Can- ada Mr. Stanfield was making his last anpearrnce in the Toronto area Monday's federal election. Today, he makes final appearances in Saskatchewan. He said there should be gov- crimienl leadership and ex- ample in mailers dealing with the economy. Yet the cost of maintaining the public service 1-p.d lo S2.147 billion from billion in five years. The cost of Ihe prime minister's office was under Lester Pearso.i five jears and today it costs more lhan SI million to maintain Prime Minister office, he said. KDMO.NTOX (CP) inier Pcler said lenlay Ihr Albert n economy OiouUI ronlinnr grnu1 Mrnm: ly year if of imprnvrmwil rail be ronlunied Mr. fpenking dur- ing Ihe Tir.il day of the second sitting of Ihe IVIh legislature, which adjourned -Tune 2. fold the house one of Ihe few things to worry about is a lack of in- dustrial ersification. "There needs to be. new and politics in kvius of divcrMi'icnticin anil lhat, of course, is one nf Ilic objectives of Ihe Alberta Op- portunity Company." The compaiiy, under Ihe di- i-n-tioii of rrarwk. minis IT of industry and rominer'.'e, "ill attempt to all'net industry f'> rural centres by utilizing (unds provided by the govern- ment. Alberta's labor force in Sep- temlicr was KXi.OOO some 28.- more lhan in September, 1971. and Mr. Loughecd said Ire present rate per cenl, Ib? lowest in Canada. Seen and heard About town I ALD. Vauglinn llombroll wondering "to spay ff: not lo spay" during dcbato of a dog bylaw rionna C.rigg dialing a wrong number and spending five minutes calm- ing someone- scared by a ror movie on television ;