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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 29, 1971, Lethbridge, Alberta _ THE tETHBRIDGE HERALD Friday, 11, 1971 Canadians given chance to invest in oil firm CALGARY (CP) Canadian Delhi Oil Ltd. has announced major changes in its structure and a million exploration program. Sohio Petroleum Co., which owns 93.6 per cent of Canadian Delhi, plans to put its shares on the market so Canadians can invest in the Calgarv-hascd company. a wholly owned sub- sidiary of the Standard Oil Co. owns shares of the outstanding common stock of Canadian Delhi. j "Sohio -Lid Canadian Delhi uant to pursue the possibility of making a public offering in Canada and I ha U.S. of all the shares held by Eohio, subject only to the existence of a favor- able market for these Smiley Rabom Jr., Canadian Delhi president, tolc! a news conference. The change is being made, he said, as Sohio wants to elim- inate "the possibility of a po- tential conflict of interest situ- ation" because of its dealings v.ith British Petroleum Co. Ltd. Schio also needs funds to further its exploration pro- grams on the north slope of Alaska. British Petroleum owns 6C per cent of BP Oil and Gas Ltd., a Canadian oil and gas HELP FOR MIDDLE-AGED MEN AND WOMEN Are you on the verge of middle nge or have you reached it? Do you find every- thing is nn effort, that the old zest just isn't there anymore? You may be suffering from middle-age blues. Forwomen they usually arrive around the ago of 3a to 40. They may not hit men until 45 or 50. But they come to all of us, and it helps to remem- ber that nobody escapes them. Kobody. A practicing psychoanalyst discusses this universal prob- lem in the November issue of Header's Digest. He tells how to recognize the symptoms and what you should do to begin to live and enjoy the lest of your life. Get your November Reader's Digest today. Arabs reject agreement on crisis MOSCOW (AP) The Soviet Union announced today Egypt has rejected a United States plan for an interim agreement I on the Middle East crisis. I The news agency Tass said in j a dispatch from New York that the American proposal was a "diversionary manoeuvre I drawn up on terms that are quite unacceptable to Egypt." i It was the first public re- sponse by either the Russians or the Egyptians to the six-point proposal. j The plan was primarily de- signed to open the blocked Suez canal and link an interim agree- ment with a permanent Middle j East solution. i The Egyptian rejection fol- lows the Kremlin's decision to increase arms shipments to the Arabs. One week after U.S. State Secretary William P. Rogers tabled the plan in the United Nations earlier this month, Egyptian President Anwar j Sadat flew to Moscow for a i summit noting with the Krcm- I lin leadership. exploration and produc t i o n company. Both BP Oil and Gas and Canadian Delhi are com- petitors in Canadian explora- tion programs. OUTLINES PROGRAMS Mr. Raborn outlined two million exploration programs each for five years that Cana- dian Delhi plans as joint ven- tures with U.S. gas companies. The first is to be conducted in the Mackenzie river valley area with Canadian Delhi as manager and U.S. companies as partners. Although the pro- gram hasn't been approved, the plan is to seek gas fields along an area known as the "pipeline corridor" down the river to the Alaskan border near the north slope. The second will seek gas and oil reserves from the Yukon through B.C. and Alberta to the U.S. border. In addition, Cana- dian Delhi plans to spend to ?15 million on exploration in w-estern Canada. "There has been far too little exploration in western Canada and the Northwest Territories and we believe there are huge oil and gas fields yet to be found in these Mr. Ra- born said. He stressed that the ?65 mil- lion program will only include 525 million from Canadian Del- hi with the partners paying the remainder. A shareholders' meeting is to be held in December or Janu- ary to decide on the changes. If approved, Canadian Delhi's name will be changed to Can- Del Oil Ltd. Mr. Raborn said investmenl consultants have recommended a reverse split of the Delh: stock, meaning two shares of the existing company would be worth one of the new firm. CanDel will select a new board of directors after the dis- solution of Delhi. Datsun has a strong steel box big enough for a couple of pianos or a boat and camping gear. Size isn't everything. Datsun is North America's best-selling imported truck. About half the prioa of domestic pickups. Wide comfortable bench seats. The Datsun easy to handle, easy to park. Rose won't squeal on FLQ MONTREAL (CP) Paul Rose told the Court of Queen's Bench Thursday he would not divulge any information about Die Front de Liberation du Qutbec or its Rose was testifying at the trial of Claude Morency on :harges of armed robbery, con- and wearing a disguise. The charges arise from a 200 holdup at a University of Montreal credit union May 28, 1S7L Rose, 2ft-year-old former school teacher sentenced last spring to life imprisonment for the murder of Pierre Laporte and currently on trial for kid- napping the late Quebec labor minister, claimed Wednesday full responsibility for the plan- ning and carrying out of the holdup. His kidnapping trial was ad- France cuts bank rate "READY FOR HEAVEN" Zoltcm Szoboszloi, a legend in Toronto courts who carries the standard for everyone who has ever had a parking ticket of been told to sun- bath elsewhere, is, as he puts it, "ready for heaven." Szoboszloi, wearing his black, gold-embroidered robe as head of the Direct Church of Zoltan Szoboszloi, is to be evicted from his flat above a downtown Toronto pawn- shop. He owes in back rent. PARIS (Reuter) France j cut her bank rate today to j per cent from per cent. The Bank of France an- nouncement, also said that the rate against collateral had been cut to eight per cent from per cent. The French bank rate has I stood at per cent, the high- est of any leading European in- dustrialized country, since May 13 when it was increased from G'.i per cent. journed earlier until Tuesday to allow him to complete his testi- mony at Morency's trial After engaging in a shouting match with Crown Prosecutor Patrick Falardcau, Rose said: "I have responsibilities. You won't learn anything about the and its operations from me. TAKES BLAME Rose, testifying for the de- fence, said Wednesday he and two other companions were re- sponsible for the holdup and that Morency had had nothing to do with it. He told the court he had mas- terminded the holdup as a "re- quisition of funds" for the FLO. It was "a kind of involuntary subscription" to the terrorist movement, he said. Rose said he plotted and car- ried out the robbery along with Marc Carjonneau and Jacques Lanctot, two of seven persons flown to Cuba last Dec. 4 in exchange for the life of British trade commissioner James Cross, who was kidnapped from his home last Oct. 5. Five days-later, Mr. Laporle was abducted from in front of his home. His body was found strangled a week later. The FLQ claimed responsibil- ity for both kidnappings. 'Rose said he had rented an apartment across the university campus to plan the holdup. Car- bonneau had stolen a taxi and obtained three guns as well as masks and gloves in prepara- tion (or the robbery. Lanctot, he said, was in charge of diversionary tactics and that plans had been made to have two bombs go off at two different places, far from the university, In draw police away. FIND JULIANA'S GEM HAMBURG (AP) Queen Juliana discovered as she en- tered the Hamburg city hall Thursday night that a large dia- mond was missing from her necklace. A young policeman discovered the ?.em on the street in front of the entrance to the city hall. The Dutch queen and Prince Bcrnhard are on a state visit to West Germany. U.K. CRIME JUMPS LONDON (AP) Violent crime increased by 13.4 ner cent, in Britain during the first six months of 1971, a home office report showed Friday. The LARGEST ASSORTMENT of imported styles in LETHBRIDGE GRAVEL We are overstocked on Vi inch washed gravel. This gravel is excellent for roads, parking areas, driveways, ele. Reg. Price cu. yd. SALE PRICE cu. YD. TOILESTRUP SAND and GRAVEL CO. Ph. 327-4280 DATSUN is all you really need At Datsun wa build solid, reliable automobiles that meet every Canadian safety and pollution control requirement. Bui, because it's still nice to drive something you can love a little loo, we make a choice of Datsun "models... sedans, a fastback, a wagon, a pickup and even a GT sports car. Datsun is all the car (and ell the truck) you really need. DATSUN PICKUP, from the more-for-your-nioney truck FOREIGN CAR (LETMBRIDGE) LTD. Corner 3rd Ave, and 11th Street S. Phono 328-9651 G. S. SALES SERVICE LTD. 437 Victoria Street Box 645 Blalrmore, Alberta Tol. 562-J134 There are more than 1100 Datsun dealers across Canada and the U.S.A. SIMPSONS-SEARS Hawaiian Days See the many Howaiin Days Features throughout the store and Centre Village. Floral Linda Bedspread 899 ReB. J J Floral printed polished cotton with 4-oz. Ace- rote fill. Cotton backing, rounded edges. Bedding and Linen Mayflower Chenille Spread 899 Reg. S S Attractive floral designed spread available in twin and double sizes. Bedding and Linen Towel Imperfects 1OO Group includes a large assortment of 100% cotton and drylon towels in many patterns and colors. Bedding and Linen 32-cnp Perculator SPECIAL -J -S When the coffee is ready, the light comes on to tell you. Keeps coffee hot until you are ready to serve. Small Appliances Indoor Clothes Dryer 4.99 SPECIAL -S -S Folds for compact storage. Non-splinter plas- tic dowls. Fits into bathtub to prevent drips on the floors. Houscwares Warm Knit Leotards Daughters'Plain Knit. 1 OO 7-9, 10-12, 12-14. Reg. Mother's Plain Knit. S-A-T. Two styles. Reg. J Hosiery Ladies' Evening Slippers 2 Q9 -S SPICIAl Gold or silver slippers In two styles 5- strop or 2-strop. Sizes 5-9. Hosiery Toy Assortment MODEL CARS. Reg. TWIST 'N TURN BARBIE. Reg. 81-PCE. TOG'I TOY CHEST. Reg. 136-PCE. TOG'L TOY CHEST. Reg. 100-PCE. TOG 'L TOY CHEST. Reg. 1.59 2.49 2.22 4.49 2.99 Men's Ski Jackets 9.99 Reg. Tough nylon jackets with warm borg lining. Also has storm cuffs and a hidden nylon cap. S.M.l.XL. Men's Wear Men's Corduroy Jackets 99 S -S Reg. Western style iockets with snop button clos- ure. Chocolate brown, desert tap, safari green. 36-46. Men's Wear Ladies' Knitted Vests 2.99 Reg. Comes with buttons down the front and a belt. Colors of cream, aqua, blue and yellow. Sizes S. M. L. Ladies' Accessories Pine Tree Ski Socks 1 77 Reg. Nylon-wool blend in black, brown, blue, red green, orange and white. Sizes 9 to 11 and 10 to 13. Sporting Goods Men's Fortrel Slacks 14.99 Reg. Easy care fortrel goes where you go and stay comfortable and uncrumpled. Sizes 29-36. Men's Wear Tradition Watches ladies' 17 Jewel. Yellow face, i) QQ black strap. Reg. ladies' Deluxe. While face, O J QQ mesh strap. Reg. J ladies' 17 Jewel. Yellow expan- QQ sion strap. Reg. S ladies' 21 Jewel. Yellow mesh QQ strap. Reg. J Men's 71 Jewel. Yellow Calendar, QQ expansion strap. Reg. J J Mens' 25 jewel. Automatic Calendar Yellow expansion strap. O A QQ Reg. J J Mens' 17 Jowel. White expansion "I QQ strap. Reg. J Gun Rack 3.98 Reg. Cherry-wood gun rack, walnut finished and felt-padded. Holds 3 guns. Sparling Goods Winchester Shol-Gun Shells 2.99 SPECIAL Super X Mark 5, 12 gauge shells. Shot sizes 4 and 6. Standard load. Sporting Goods Coffee Shop Special Baked Ham with Sweet Potatoes. 1.00 35c Hawaiian Meatballs, '-'mvaiian Delight Sundae. Remember UNICEF Save Your Small Change for Your Canvasser. A Penny Goes A Long Way to Help Needy Children! STORE HOURS: Op.n Daily 9 a.m. to p.m. Wednesday 9 a.m. to p.m. Thursday ond Friday 9 a.m. to 9 p.m. Vlllaoe, Talephon. 328-9M1 ;