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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 10, 1974, Lethbridge, Alberta 2 THE LETHBRIDGE 10, 1974 New government savings bonds well accepted OTTAWA (CP) Early reaction was generally favorable Monday to a govern- ment announcement that Canada Savings Bonds issued this fall would carry a record annual return of 9% per cent. The rate on the new nine- year series compares to the average annual yield of 7Vz per cent on last year's issue, including the bonus coupons, and the previous record return of eight per cent on the 1968 issue. Most experts reacting to the announcement by Finance Minister John Turner said the new rate would make the bonds at least competitive with other forms of investment. And. while acknowledging the government will be able to sell them, James Gillies (Toronto Don Progressive Conservative financial critic, said the move "demonstrates how far down the road we are on this dread- ful inflationary situation." Mr Turner said in a state- ment the previous practice of paying compound interest had been dropped for the new series. He said this was in answer to "the desire of many Cana- dian investors for a higher current income from their savings." Bonds held to maturity would have an average annual yield of 10V2 per cent, he said, compared with the maturity yield of nine per cent on current issues. Douglas Peters, chief economist for the Toronto- Dominion Bank, said the switch from compound interest will put the govern- ment in a better position to change the interest rate if it decides to and Forrest Rogers, Bank of Nova Scotia economic adviser, said the higher interest rate should make it more attractive for buyers to keep their bonds to maturity. Mounties drink for safety TORONTO (CP) Some Mounties are going on drinking binges in the name of traffic safety, but even that tactic is failing to cope with the drinking-driver menace, RCMP Inspector John Hoday of Ottawa said Monday. Officers undergoing the two-week breath analysis training program indulge in "actual student drinking sessions" to provide subjects for testing and so the students can experience alcohol impairment, Insp. Hoday said at an international conference on alcohol, drugs and traffic safety. But RCMP officers are still not sufficiently trained to detect drinking drivers at low but still dangerous levels of alcohol impairment, he said. They are hampered by laws which require "reasonable and probable" grounds for a breath test, such as slurred speech, glassy eyes, flushed face and so on, said Insp. Hoday News in brief Strike halt 'considered' MONTREAL (CP) Labor Minister John Munro said Monday the government "may consider" legislation to end a strike by Vancouver grain handlers which has tied up all grain terminals in the city for 15 days. Mr. Munro, however, denied reports that legislation already has been drafted to impose the recommendations of conciliation commissioner Neil Perry, who intervened in the dispute shortly after grair, handlers walked off the job. Swimmer presumed dead TORONTO (CP) Provin- cial police have seized the and its accom- panied Neil MacNeil on his ill- fated attempt Saturday to swim across Lake Ontario. The 17-year-old Toronto life- guard is missing and presum- ed drowned after last being seen about eight miles out from the origin of his swim at Youngstown, N.Y. Seaway strike end near MONTREAL (CP) John Munro, federal labor minister, is near a settlement to the month-long strike which has crippled Canadian shipp- ing on the Great Lakes and St. Lawrence Seaway, Charles Poirier, a government- appointed mediator, said Mon- day. Mr. Poirier said Mr. Munro was "locked up with the talks and won't have anything to say until they are finished." A day-long meeting was held Monday. Better business B.C. school workers unite Walter Matthews of the Calgary Better Business Bureau advises Roberta Smith on cleaning com- plaints at a mobile display Monday in Centre Village Mall. The mobile office, which is at College Mall today, is a summer project of the BBB which will be evaluated at the month's end. The BBB will return to Lethbridge Sept. 26 and 27. 'U.S. anti-inflation measures could hurt Canada9 Turner THE CANADIAN PRESS Representatives of non- teaching school employees on strike against school boards in British Columbia's Kootenays and Okanagan areas voted Monday to co-ordinate future bargaining activities. Clarence Lacombe, spokesman for the Canadian Union of Public Employees, said following the vote at a meeting in Trail Monday that a united front of 400 striking members was developed to confront the British Columbia School Trustees Association, which is conducting bargain- ing for all school boards in- volved in the dispute. CP's Peking flight certain WASHINGTON (CP) Fi- nance Minister John Turner met Monday with United States Treasury Secretary School board ballot will include public opinion poll In addition to selecting their favored candidates at the polls during the Oct. 16 school board elections, public school taxpayers will have the oppor- tunity to participate in an opi- nion poll. The poll will ask taxpayers three questions about programming. The first two questions ask the electorate if it favors the expansion of the outdoor and environmental education and driver education programs to BRIDGE RUG DRAPES LTD. FREE ESTIMATES Phone 329-4722 COLLEGE MALL include all students who wish to take them. The third question seeks public opinion on the es- tablishment of a family life education program to instruct students about family finance, child rearing, sex education and nutrition. The trustees eliminated a proposed fourth question that asked taxpayers whether they favored establishment of minimum standards of basic skills 'for students in public schools The question was eliminated because trustees felt it represented too com- plex an issue and could not be explained clearly enough in two lines on a ballot form. The trustees also agreed not to warn voters that the expan- sion or development of any of the programs mentioned on the ballot could increase their property taxes. If the department of educa- tion increases its per student grants to the schools next year, the suggested programming changes can be made without any increases in the local tax base, trustees ex- pect. William Simon and expressed concern that the U.S. might adopt overly-restrictive inflation-fighting tactics which would endanger the economics of Canada and other countries. The meeting was the first in a series of pre-budget sessions with policy chiefs of major powers through which the finance minister is attempting to map out the basis of a long- term economic program. The budget is due to be tabl- ed in late October or early November. Turner told a news confer- ence here Monday he urged Si- mon not to make nationalistic moves without consulting other countries and without considering the potential im- pact on other economies. However, he said he was im- pressed with the determina- tion of Simon to deal forthrightly with inflation. Simon was in charge of the U S. energy conservation pro- gram before becoming treasury secretary. Part of that program was a 55-mile- per-hour speed limit which still is in effect and the basic element was a call for all Americans to share the cuts. A determination to have Americans share the costs of reducing inflation rates likely will be part of Simon's anti-in- flation program. The U.S. central bank has applied tight restrictions on expansion of money supply and has responded to criticism only by easing short- term interest rates slightly. Simon said Monday, speak- ing briefly to reporters, that he did not think U.S. action was harsh. TOKYO (Reuter) The Japanese transport ministry is likely to allow CP Air to fly into Shanghai and Peking via Tokyo from Oct. 9, ministry officials said today. Permission will be given to CP Air providing Japan and China open a regular Peking- Tokyo route Sept. 29 as scheduled, officials said. Saskatchewan man killed MALTA, Mont. (AP) A Saskatchewan man was killed and two Quesnel B.C., residents injured Monday in a single-vehicle accident on a gravel road about 43 miles north of here, the Montana Highway Patrol said. Dead is Robert Sorenson, 64, of Shaunavon, Sask. Lynda Oakley of Quesnel, B.C., suffered serious head in- juries. Paul Knorr, also of Quesnel, was less seriously in- jured. Israeli premier's visit Tropical storm 'no threat' seen as step to peace Students 'more hostile, less respectful today' izza r lace 329 5th Street S., Phone 329-3434 EVERY 329-5th Street S. Wednesday Is SPAGHETTI DAY at The PIZZA PLACE Spaghetti Meat Sauce ALL YOU CAN EAT! .69 Students arrive at school more hostile today than they did 15 to 20 years ago, the superintendent of public schools told trustees Monday. Students, Bob Plaxton con- tinued, show less respect for teachers today. His remarks followed a decision by the trustees to ratify a discipline policy for- bidding teachers to use verbal and physical abuse as a method of disciplining students. Dr. Plaxton pointed out that some teachers are concerned about the discipline policy because it only reflects on a small number of cases where some teachers used such abuse to maintain discipline. The teachers suggested "we look at the total discipline problem in the schools and the problem teachers are facing" when attempting to control behavior, he said. The superintendent is in the process of forming a com- mittee to study the discipline problem in detail. The trustees became involv- ed in considerable debate over the policy Monday even though they had approved it in principle months earlier. The verbal exchange had no effect on the policy because board members became in- volved in a discussion of the philosophy of discipline rather than to the minor word changes that were made to a policy they previously approved. WASHINGTON (AP) Is- raeli Premier Yitzhak Rabin's four-day visit marks the open- ing of a more-serious phase in the search for a Middle East peace settlement. United States officials ex- pect his talks with State Secretary Henry Kissinger to clarify prospects for the next move in the settlement. At the moment, they say, the most-likely next step is negotiation either to withdraw Israeli troops along the West Bank of the Jordan River or to further disengage Israeli and Egyptian troops in the Sinai or to do both at once. But they stressed in ad- vance of Rabin's late- afternoon arrival today that the quest for an over-all settlement depends on general agreement among the Arab states and Israel. Kissinger will give Rabin, a former Israeli ambassador to Washington with whom he has worked closely in the past, an assessment on Kissinger's talks here with King Hussein of Jordan and the foreign ministers of Egypt. Syria and Saudi Arabia. Later this month, Kissinger will relay Rabin's views to many of these ministers at- tending the opening of the United Nations General Assembly in New York. derides, Denktash to meet NICOSIA (Reuter) Cyprus President Glafkos Clerides and Vice-president Rauf Denktash have moved up their planned weekly meeting by two days for a general review of the island's problems. Informed sources said the two men will not, however, discuss the key issue of refugees when they meet Wednesday in the bullet- scarred Ledra Palace Hotel. Clerides and Denktash, also head of the Turkish-Cypriot community, held their first- humanitarian talks last Friday, five days later than planned MIAMI, Fla. (AP) Elaine, the fifth tropical storm of the season, turned east into the open Atlantic to- day and forecasters said she posed no threat to land. Forecasters at the U.S. Na- tional Hurricane Centre in Miami said that Elaine's 60- mile-an-hour winds were lo- cated early today nearly 400 miles east of the Virginia Capes. N.Z. cabinet shuffled WELLINGTON (Reuter) New Zealand's new prime minister. Wallace Rowling, has given himself the ad- ditional job of foreign minister and assigned the finance ministry to his dep- uty, Robert Tizard, in a cabinet shuffle announced Tuesday. In heading the foreign ministry, Rowling copies his predecessor, Norman Kirk, who died from a heart attack Aug. 31. Hugh Watt, deputy prime minister under Kirk, retains his works and development portfolio, but loses the difficult labor ministry which has been given to Arthur Faulkner, formerly defence minister. Portugal recognizes Guinea LISBON (Reuter) Presi- dent Antonio de Spinola signed a document today in which Portugal formally recognized the independence of the West African republic of Guinea- formerly Portuguese Guinea. Japan embassy stormed SEOUL (AP) Ten thou- succession, but riot police sand demonstrators converg- again fired tear gas to drive ed on the Japanese Embassy them back, today for the second day in Socred blamed Columbia projects to cost million extra VICTORIA