Lethbridge Herald, The (Newspaper) - September 9, 1972, Lethbridge, Alberta
Wardair sells part interest EDMONTON (CP) Max Ward, president of Ca- nada Ltd., announced here he has sold a one-third interest in the charier airline to Air Cana- da. In a prepared statement Mr. Ward wasn't present at a news conference called to an- nounce the deal said the Ward family will retain a 42- per-cent interest in Wardair with the other 25 per cent be- ing owned by the public. Don McLean, regional man- ager of Air Canada, said he didn't know any of the financial details. NO NAME CHANGE Mr. Ward's statement stress- ed Wardair will continue to op- erate as an independent airline with complete autonomy. There will be no name change, eith- er. Mr Ward's slatemetn also said Wardair's offices will re- main in Edmonton and that Air Canada will be represented on the company's board. In another statement, this one from Montreal, but issued in Edmonton, Air Canada said it had filed notice with the Can- Apartments fire traps EDMONTON (CP) Aid. lion Hayter said here he be- lieves there is not one high-rise apartment building in Edmon- ton is .properly prepared for fire. "If a major fire broke out In any of them, they would be- come nothing more than giant he said. "I am convinced, after an ex- tensive meeting with Fire Chie! Louis Day, that there isn't one high-rise apartment structure that provides fully- ade- quate fire protection." Mr. Hayter and Aid. Terry Cavanagh have been campaign- ing at council meetings for im- proved fire safety measures in apartments. Both have introduc- ed motions calling lor stifter regulations and have had them referred to the city's building code revisions commilleo for study. adian Transport Commission of its proposed acquisition of one- third of Wardair's capital dents, stock. Several Wardair Is Canada's largest charter airline wilh a fleet that includes two Boeing 707s and a Boeing 727 as well as a number of smaller planes Oil report branded incorrect HALIFAX (CP) Arne R Neilsen, president of Mobil Oil Canada Lid., has lermed a fed- eral government report on the exploralion of East Coast oil re- sources "grossly incorrect." The Calgary oil executive, here to participate in the christening of Scdco J, a s e m Submersible oil-drilling vessel, said he took strong ex- ception to the report which w_as prepared by Ihe economic in- telligence unit of Canada for the governmenl. The report, which has not been made puhlic, apparently claims that the East Coast hunt for oil was not a high priority for oil companies compared to the importance attached to other potential oil and gas pro- Smelly feedlot okayed CALGARY (CP) A live- stock market and feedlot plaiv ned for the northeast outskirts of the city was approved by the development appeal board de- spile protests from area rcsi- Monetary Fund directors fail to reach agreement coming negotiations, U.S. offi- cials is the degree of "dls- Saturday, S.pl.mb.r 9, 1972 THE 1ETHMIDOE HERALD Bond prices hundred residents, describing the development as a smelly one, held a protest march last month to express their displeasure. The lot would fatten calllo for slaughter. The residents appealed the original planning commission approval on the basis of odor and the argument that grain used as feed would attract birds and thus create a hazard to planes at tlie nearby airport. The developers, Alberta Live- stock Co-operative, countered that prevailing winds blow away from the residential com- munity 91 per cent of the time and that the development is not on an aircraft flight path. The appeal board voted 5 io 4 for the project but placed several restrictions on it, in- cluding the posting of a bond in case of any pollution. Milt Harradence, counsel for the residents, said the decision was the most "flagrant breach of natural Justice" he ever saw. He said an appeal would be made and further legal action might be started. By EDWIN L. BALE JR. New York Times Service WASH1NTON The execu- tive directors of the Interna- ional Monetary Fund issued this week a report on reform of the world monetary system containing few agreed conclu- sions and numerous points of disagreement. The disagreements ran from, the technical, such as the role of gold in a reformed system, to the fundamental, such as wheather the I.M.F. should be given greater powers to induce nations to change their curren- cies' exchange rates. There appeared, however, to be general agreement on one important point that the new system should be more "sym- metrical" lhan the old, mean- ing that the United States dol- lar should be more like other currencies and should not play the unique role it played in the first 25 years of the postwar period. The report said the new sys- tem should "accord to the Unit- ed States, as well as to other members, a due measure of initiative in the effective excer- cise of exchange rate flexibil- cipline" that the new system will contain to enforce a new set of rules, such as rules for changing exchange rates. The report said: "In general terms, the avoidance or elimin- Whether the new system ation of Ihe difficulties that impeded the system in the past will depend on the adop- lion of improved arrangements for the adjustment and settle- there a consensus, although the ment of payments imbalances." report did not reflect a wide- spread view that the future What monetary reserve as- cts there should be and the ole of each; The problem of massive apital from one country to an- ther; hould contain a mechanism to the less develop- ed countries. On none ot matters was Supplied by Doherty McCualg Limited GOVERNMENT OF CANADA BONDS 4Ki% Sept. 1, '72 Matured Oct. 1, '75 9700 98.00 July 1, '78 103.50 105.50 Sept. 1, '83 78.50 79.50 Perp. 3 Sept. 15 40.00 42.00 April 1, '75 100.00 101.00 1Vt% July 1, Sept. 1, 75 102.00 103.00 '92 80.50 Bell Tel 79 106.00 108.00 Jell Tel '03 106.00 10900 T Ltd '89 104.00 107.00 P Sec '90104.00 xjn Util 95s% '91506.00 109.00 CWNG '90 107.00 110.00 Oil '90 104.00 106.00 nter P P '90 107.00 109.00 fassey '80 105.00 107.00 loranda 9Vt% '90 106.00 109.00 Jit Nickel 9H% '90 108.00 109.00 '91 107.00 109.00 '90 107.00 109.00 PROVINCIAL GOVERNMENT OF CANADA GUARANTEED BONDS Alberta '90 103.00 105.00 V and C G St of Cdn Wf% Tr Cdn P Tr Cdn P 10% ducing areas in the world. Mr. Neilsen estimated that Mobil had spent about mil- lion on exploration to date in the Sable Island area, 175 miles east of here. He said 25 to 30 per cent of the money stayed in the area and predicted Ihe figure could rise lo 50 per cent in the future. Mr. Neilson said nomic benefits of the oil Can't get people to work '90 106.00 109.00 '90 109.00 112.00 CONVERTIBLES Alia G T TA% '90 149.00 153.00 Cons Gas SVi.% ity." The report was ordered a dis- IN EDMONTON Stay At the RIVIERA coveries on Sable, where three strikes have already been made, two by Mobil and one by Shell Canada Ltd., woulf1 be long term. Stops selling THE HOTEL WITH MORE TO OFFER AND WE NOW HAVE COLORED TV For Your Convenience in Making Reservations CALL AND ASK FOR 10NG DISTANCE ZEnith 0-7255 at no coit to you IVIERA MOTOR HOTEL 5359 Calgary Trail Edmonton, Alberta (403) 434-3431 Telex: 037-2510 car insurance VICTORIA (CP) The Co- jperative Fire and Casualty Company has stopped selling car insurance in British Colum- >ia effective Sept. 7. B.C. manager Bob Simpson of Vancouver said the move was necessary because the irm would not raise additional capital for an industry about to be taken over by the pro- vincial government. "We will continue lo service fully our present policy holders in B.C. but we will be selling no new car insurance he said. "The company is in excellent financial shape with the excep- tion of Ihe car insurance field in British he said. COBOURG, Ont. (CP) Canada's problem is not unem- ployment but finding people to work, John Bulloch of Toronto, president of the Canadian Fed- eration of Independent Busi- ness, said here. "Small businesses cannot gel people to crisis is In unemployment insurance, not he said in a service club speech. He said many persons work only the minimum eight weeks required to draw unemploy- ment insurance and then quit work. He suggested that the length of working time for eligibility be increased; that claims be followed up to find out why people have left jobs, and that administration of the Unem- ployment Insurance Act be im- proved. "The Unemployment Insur- ance Act is wiping out the good that other departments of gov- ernment are trying to do for small Mr. Bulloch said. "If we replace the work ethic with the welfare ethic, we'll de- stroy the fabric of our society." year ago by the minetary fund's board of governors, who are the world's finance minis- ters and central bank cliiefs. The 20 executive directors rep- resent the fund's 121 members for day-to-day business. Officials representing the United States termed the re- port a "useful effort" to 'edu- cate" governments and the gen- eral public. They said It helped to clarify many of the issues involved while reaching rela- lively few conclusions. They said the "initial draft" of the report failed to take up "points we considered import- thus confirming that the United States had succeeded in modifying the report as origin- ally mitten by the I.M.F. staff, The "real issue" in the forth- u.a. umciais endorsed tms view, saying that the aim of the United States in the future syslcm is to have balance of payments equilibrium rather than balance of payments "financing" through a pileup of dollars in foreign hands. After describing what wen wrong wilh the old system and setting as a goal a new system less prone to periodic crises the report discussed the five main isues: The mechanism of exchange rales and how to make them more flexible; What kind of "convertibility' there should be and how bal ancc of payments deficits ao surpluses should be settled b use of monetary reserve should avoid the prob-ems created by the use of "reserve chiefly the dollar, as a major part of monetary i 'an ai.w nt Hyd 9 '94 109.00 ew Br '90 107.00 110.00 fid 8 74 100.00 102.00 S. '92 83.00 86.00 uebec '74 100.00 102.00 fUberta '90 104.00 106.00 Man Hyd 8 '91 96.00 98.00 ask '90 105.00 107.00 Nfld 914% '90 106.00 109.00 AGT 8 '74 101.00 103.00 Man Tel 8 '74 101.00 103.00 INDUSTRIALS Alta G T Wt% '90 105.00 108.00 Alcan '91 105.00 109.00 B.C. For '92 105.00 108.00 B.C. Tel Wi% 7 '82 103.00 108.00 Acklands '88 99.00 101.00 Scur Rain 7V4% '88 83.00 91.00 Tr Cdn P 5 K '89 107.00 110.00 WC Tr C 5V4% '88 98.00 100.00 WC Tr '91 128.00 131.00 company chairman dies WINONA, Ont. (CP) Brig. Armand A. Smith, 81, an officer in the two world wars and honorary chairman of a fruit-processing company, died at his home here. He was the son of Senator Ernest D. Smith, founder of K. D. Smith and Sons earnings By THE CANADIAN PRESS Metropolitan Stores of Canada Ltd., six months ended. July 31: 1972, 39 cents a share; 1971, 232, 28 cents. -AUTOMOTIVE MECHANICS -HEAVY DUTY MECHANICS -DOZER OPERATORS -MILLWRIGHTS WAGES 4.02 TO 4.77 AN HOUR The above positions are open now at our open pit mint in Southeastern B.C. Forward applications foi KAISER RESOURCES LTD. P.O. BOX 2000 SPARWOOD, B.C. Atfn. Personnel Dept. G. N. CROSSFIELD, Employment Supervisor Personnel WANTED! I REAL ESTATE SALESMAN u (experienced salesmen preferred) To help sell 100 Krahn Homes 3 s APP1Y j ASTRO n 425 Westminster Shopping Plaza Phone Crossword By Joseph LaFauci H. H. Smith Ltd. Customs Broker LOOK WH ERE TH E FAMOUS WANXfi FWTARY ENGINE IS WORKING NOW1. TH E AIR-COOL- EO ENSINEISMOUNTED IMA NEW SERMAN MOTORCYCLE WHICH IS CLAIMED TO BE LIGHTER AMP RUNS QUI AND wiw LESS VIBRATION THAN REGULAR AW 6CMEP 7HOOUOM fOOf-SfffP TMHSMIfSfOHf 1 Calumniata 8 Gl.lcin ice pinnacle 13 "Gil-----" 17 Extiact 21 Kevboaid 22 Hibiluate 23 24 Hibernia 25 Enjoy InllueiUial company 29 Happening 30 Long time: colloq. 31 Scnsibla 32 GreeH underworld gocldeis 33 Wilh-----. brcalh 35 Humbug 36 Mangier 37 Hindu estates 41 Attention 42 Incendiariim t Pain 2 Czech 3-----Ihe way 4 SymmetriZil 5 Fslling-out 6 To be: Sp. 7 Silkworm 8 Discoior D Closed 10 Trotsky or Lenin 11 Mr. Onassh 12 Condemn 13 Twinkle Thealer box 15-----himmel! 1G Fallacious reasoner 17 Church officer 'WAY UP ACROSS 72 Blackbird 73 FftcriEr and catclier 74 Uncommon 75 Egyptian president 76 Free----- 77 New Jersey city 73 Reserve supply 79 Confined 80 So mew hat: colloq. 84 "Broken-----' 1954 Tracy film 85 Irish saint 8fi Gaurmet ceading 87 Ethiopian city 89 Bad habit 90 Erewhon 44 1954 John Wayne firm 50 Manner 53 Dawnrfeily 54 Laughing 55 OT prophet; 56 Pottery 57 Ornamental shrub 58 Pataqonian cavy 59 Gladiatorial jetting 60 Fettucine and Fasagrva 61 Tovjard shelter 62 Surf sound 63 Initiate 64 Philanderer 65 Papal crown 67 Steps for seating- 68 Back door TO Tlueadlika 18 Puerto 19 Mountain crest 20 German river 26 Devour 27 Chinese dv nasty 28 Masculine 33 Engendered 34 Residua 3b 100 satang 37 Rustic 33 Mountalntop rest 39 Jostfe 40 Fatigue 41 Sicily's volcano 91 Antitoxin 92 Signoiet's house 93 Summer: Ft. 94; Golham landmark 93 Dodge 99 Lamb 100 Metallic 101 Spicufati 104 Diffuse 106 Cloister 109 Off the boat no Plant til----Harbor, Guam 112. "Old woman who lived 117 Proclaim! 122 Alpine herdsman 123 Hurry 124 Conform 125 Laudi 126 Incensed 127lfsadeall 128 Gounod's opera 129 Earthly A2 Deputy 43 S. American bird .4-fMulberry doth 45 Arsenal 46 S.American can I a 47 Challenge 48 Mental outlook 49 French Ffver 50 Plumbing gadget 51 Hfglnvay branch 52 Long 56 Squander 59 Slanting 60 Doughy mixture 62 Frenzy 63 Meander 64 Witticisms 65 Stain 66 "Picnic" playwright 67-----chair 68 Fragment 69 Predicament 70 Brown study 71 "Girl of the Golden character 72 Silk nrt 73 Deaden 74 FirxJthff answer 75 Cut 7E Placo from where jury is drawn 73 Made anew 79 Sprightly 80 81 Gm 82 Cynicism 83 Zest 85 Military, headwear 86 Average 87 Harmony 88 "Love for i. suffix gj vJithout ladies present 94 AUDITORS Salary to (currently under review) Department of National Revenue Taxation Edmonton and Calgary, Alberta. Public Service Fonction publique Canada Canada THIS COMPETITION IS OPIN TO BOTH MEN AND WOMEN Appllei lha provisions of the Income Tox Act to determine fax payable by a variety of medium-sized businesses. A thorough knowledge of the principles of auditing as well as professional qualification! Is required. Forward "Application for Employment" [Form PSC 367-401) available at Pojf Canada Manpower Centres anrf of the Public. Strvica CommTwien of Canada, to trie: Public Service Commission, 300 Confederation Building, 10355 Jasper Avenue, Edmonton, Alberta1. T5J IY6 Pteaio quote Competition No. 72-E-351 Diagramlesa ACROSS Id x 19, by Norton Khoades 1 Victory 9 Revoking 11 Meadow 13 Savor 14 d'Oro 17 Unequalcd 20 Aruha and St. KitU 23 Forces 24 Try 2V Canadian province: abbr. 28 Nigtit light 34 Atmosphere; prcf, 35 Beer: si. 37 Kind of acid 38 Middle: lav 40 Electrical unit 42 Subscriber 44 Pains 45 Ruined 47 Wzter birds 49 Make up for 50 Ancient Italian 64 Blunder 55 Lilrmanlanj' 56 Mark 58 Overfeed 61 Anger 62 BulterDd up 65 Vietnamese holiday 66 Water buffalo 69 Repair a garment 71 MWdle Easterner: var. 74 Retirement money 76 Consumed 77 Strengthen 79 Know 80 Thing? removed 83 Recito 84 Piepared for high political office DOWN 1 U.S. project: abbr. 2 Leases 3 Peruvians 4 Amerinds 5 Many: pret. 6 Leveis 7 Old ona 9 Visits 10 Hire holder 11 Butterflies and moths 17 Befcrs 15 Bank abbr. 16 Poem 17 Good onec sf. 18 Ostrich: var, 19 21 Czech measure 22 Atom 25 26 Locfc 29 Land measure 30 Rut ties 31 Depot: abbr. 32 Concealed 33 Desiert 36 Firers 85 California city 96 Initiatory impulse 97 Function 93 Exuberate 101 Tone and Siepi 102 Jacob's son 38 Red book' author 39-----homot 41 Heib 43 Feeding area 45 Germanic lav 46 Nickrvama 103 French river 104 Odtsts' "Waiting 105 adverb 107 Movie actoi George 108 Legal profession 110 Portico 111 Aleutian island 106 Homopterous 112 From a insect distance 48 Swerva 51 Mindanoan 5? Vampire 53 N.Y. subway: abfar, 57 Gull 69 Southern state: abbr. 60 Parisian summers 62WeH-knovjn 63 French taw 64 Olfico furnilure 67 Laugh 63 Ante 1 13 Agitate 114 Water down 115 Accessibla IIGTobe: Let, 118 Exasperate 119 I 120Makea chofca 121 Mining find 72 Of tissue 73 January: Sp. 74 King of Troy 75 Overact 78 Slack: pref. CRYPTOGRAMS t. AMER FPRRIGHB NCYNUNYHOBA OFVHOBBD POUR CM EMIR ARCAR MG THEM! VPOO iBOHZPNCZ PDRCOA.' By coward S. Lloyd SOLUTIONS OF I.A5T WEEK'S DBQHS BOHQQ QDQQa on aanna atiti S. WINDBAGIE EPLRBOO JGPB TZPOP BZP QEIQB C1QOE] ana amaa Btirj QDDB BDUHUHB BGUQ anaan aaaauum nan naacia auaaa__I JURK TAI-K WUGTE Z I N D Z .----ByRulhM.Lina IDHDDB QHQCIB B DHfJB DflEIBB Cili nnnn nnnn nnn QBQrj tDHB Innon BODD BB EQQQ BEDHQ BULJBU OQUnaU EIB BEIQQH BDDC1Q EHDBaBHQI QBQBB QDDDB QODQQ f HnrjBOFJ aDDBB QHdUH UUB S.XYZABC ZQPLAZ O Z Z Q PL A B S P C A Z A B C S PI, CYFZ X7Z CYFZSBC.. Salo W. Minkiil 4. SLUMP CLUNK ANSMAPH BCPNA SUBGH UBGKH. Last WeeVs 1. Cognac: best Anti-freeze for frozen beings. 2. Out ibod-tMtm find tegular work broadening. t. Aging former film star had mania for the nostalgia ----ByS.W. M. 1972 by Chicago Tribune'N.Y. News World Rijhls Reserved.