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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 11, 1970, Lethbridge, Alberta 22 THE UTHBRIDGE HERALD Friday, 11, 1970 CommonsFinance Committee Raps Tax Reform Proposals TORONTO (CP) The Tele- gram says the all-party Com- mons finance committee has sharply criticized some aspects of Finance Minister Benson's controversial white paper on tax reform. But the newspaper, in an Ot- tawa story, says the committee approves the goals of the paper. The Telegram says the com- mittee has prepared a draft re- port for presentation to Parlia- ment in October. The report recommends elimination of cer- tain points which have drawn greatest criticism. The newspaper says the com- mittee: a capital gains tax, but wants a lower rate than the full income tax rate the white paper suggests. private house sales eliminated from the proposed capital gains tax. personal tax exemp- tions should be raised to from for single persons and from for cou- ples. greater exemptions on estate taxes. It wants no tax until the level and sug- gests the full rate should not be imposed until the cate- gory is reached. expense accounts should be deductible. the white paper in recommending elimination of the ceiling for lower rate tax for small businesses. It sug- gests incentives can be given where businesses need help. with the white paper that capital gains tax should be established for sale of personal property, but suggests an ex- emption rate of compared with the paper's unemploy- ment insurance payments should be exempt, but strike pay taxable. The report, the Telegram says, is based on 524 written briefs and 139 committee meet- ings. Red China May Join UN In 1972 Says U Thant UNITED NATIONS (CP) U.N. Secretary-General U Thant set off a guessing game Thurs- day by mentioning the possibil- ity that Communist China might join the U.N. in late 1972. The secretary said he does not think that "involvement of China in U.N. activities will take place before November or December 1972." He declined all requests for amplification of what he said was his personal opinion. He made the statement at a press conference called in advance of next week's meeting of the Gen- eral Assembly. Thant did say that he did not expect that there will be any change in the status of Chinese membership at the forthcoming General Assembly. He declined to answer a question that linked this forecast with the Novem- ber, 1972, United States presi- dential election. November and December is about the time that the China question is debated each year. The question of Chinese Com- munist membership has plagued the U.N. for years. Each year Albania submits a resolution calling for the expul- sion of the Nationalist Chinese and their replacement by the Communists. Each year the res olution is defeated, recently by substantial majorities. COULD LAST LONG However, a trend has been noted toward the admission o the Communists if some kind of accommodation for the Nation alists can be found. Even then observers have said, it could be 30 years before the China mem- bership question is finally set- tled. Canada has in recent years abstained on the vote. H and when current talks in Stockholm on Canadian recognition of Pe- king come to a successful con- clusion, Canada will switch her vote to support Communist ad- mission. It is thought doubtful that Hie Stockholm talks will end before this year's vote at the U.N. Thant said it is essential that China and France join the Ge- neva disarmament conference if ihese continuing negotiations are to be successful. Canada is member of that conference. also is a member but las not participated for some years. THE FOLLOWING CAREER OPPORTUNITIES ARE NOW AVAILABLE AT COLLEGE MERCURY Cor. 6th Ave. and 6th St. S. Tune-Up Specialists General Technician Heavy Duty Mechanic Body Man Licensed or 4th Year Apprentices May Apply. Apply: GUY PELOQU1N Service Manager Phone 327-5763 On other matters, the Secre- tary-General expressing encour- agement over political trends in Europe, said it would be rela- tively easier for the two Ger- manys to gain U.N. member- ship than it would be for the two Vietnams and the two Koreas. Ggarette Smokers Ranks Dip SAN DIEGO, Calif. (AP) A decrease in cigarette smoking by Americans from 42 per cent of all adults to 36 per cent in four years was reported at the first National Conference on Smoking and Health. Dr. Daniel Horn, director of the National Clearinghouse on Smoking and Health, said in a speech that the drop was fairly consistent among men and women. Among males over 18 years old, he said 42 per cent now smoke cigarettes, compared with 51 per cent in 1966. Horn said 33.7 per cent of American women over 18 smoke cigarettes compared with 31 per cent in 1966. There are 29 million ex smokers in the United States be said. DIES OF BURNS PARIS (Reuters) A 22- French taxi driver married with two young daugh- ers, died of burns in the fash- onable Bois de Boulogne Vednesday after pouring gaso- ine over his clothing and set- ing himself alight, police said "Wore than 20 persons have diec f self-immolation in France ince the beginning of the year. Alberta's Great Moments SMIDGEON TO TH5 LEFT, FELLOWS. A mere mountain won't stop that crazy cast of characters from the Uelhbrio'ge label. They've got a (lag worlh wavinp: tho Lethbridge Pilsner pennant that promises the peak of good old-fashioned flavour in every glass. That's the way it's been for nearly half a century. And that's the way it'll stay as real and rugged as our pioneer tradition. So next time call for Alberta's original Pilsner. Enjoy your own Great Moments with Lelhbridge Pil. Pilsner BEER TRADITION YOU CAN TASTE FROM THE HOUSE OF LETHBfllDflK ON'S Colonial Bedroom Suite Regular 349.85-Save 40.85 Haddon Hall "Maple Grove" with solid maple tops, drawer fronts. Dovetailed and centre-guided drawers have finished interiors. Russet maple finish features four chemical coatings formulated to give the final finish more richness, more depth, and extreme resistance to household hazards. Includes OO Double Dresser, Horizontal Mirror, 5-Drawer Chest, Spindle Bed in size. SALE, 3-pce. suite...................... Matching Nigth Table Reg. 59.95 AQ.QO SALE, each 309 Single Size Colonial Bunk Beds "Maple" Double Pedestal Desk Jroom; Ma I stain, sei 69 Stack them up, put them side by side, use one in' the guest room, the other at the cottage. Spindle bunk beds, the all-time tot-to-teen favourite, with frame and ladder, are maple finished for an authentic colonial look. Also included are two spring filled mattresses with colonial plaid covers, jf QQ UNIT COMPLETE, SALE The finishing touch to your student's colonial bedroom; Maple- finish desk top of solid birch has 3-coat finish of oil stain, sealer and high qualify hard lacquer to protect it from marring. With 7 convenient small drawers and one handy file drawer. SALE, each.................. Furnitura, Second Floor NO DOWN PAYMENT ON YOUR EATON BUDGET CHARGE Viking 2-Speed Automatic Washer and Dryer Automatic Washer Viking 7 Cu. Ft. Freezers Regular 169.95 save 15.00. Makes washing a pushbutton operation; 6 button program, 2 agitation and spin speeds, 4 cycles. Features soak cycle, positive fill, variable water level selector, Recirculating lint filter. Tub brake, cold water wash and J6-lb. dry wash capacity. Mode! W70J2NS. SALE, each...................................... 289 Matching Gas Dryer Engineered with 6 fabric programs, a program for every fabric including press. Convenient timed dry cycle and flow-through drying system. Safety door switch and lalch. Shiny porcelain top. Model G70J, Avocado 10.00 extra. SALE, each permanent .95 219 NO DOWN PAYMENT ON YOUR EATON BUDGET Chest style freezer just what you want for the small home or apartment. 7 cubic foot size with 245 Ib. capacity. Thinwall insulation. Lockable counter-balanced lid. Size: height, inches, width inches and depth_ inches, plus handle. 8 only so be prompt. SALE, each Mujor Aplianni, Second Floor CHARGE es and aepth vu-a Shop Eaton's Tonight Until 9 and Saturday from 9 to 5.30. Buy Line 328-8811 ;