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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 20, 1972, Lethbridge, Alberta Seek change in life insurance MONTREAL (CP) The Ca- nadian Life Insurance Associ- ation proposed a change in life insurance regulations yesterday that would extend insurance coverage on short-term loans taken out by Jarmers. The proposal was submitted to the annual meeting of Hie Association of Superintendents of Insurance of the provinces, a rule-setting agency composed of provincial government insur- ance supervisory officials. It urges that insurance company be allowed to life in- sure a farmer's credit with a bank even though the farmer may not liavo drawn the total amount. John Graham, of Reliable Life Insurance Co., said such insurance is "important for the j agricultural community of (ho j country." He cited the example of a farmer who has one- year credit with a bank, but has .only drawn Should this farmer die I ho life insur- ance would ccivcr the rather than Hie amount of loan outstanding. Such coverage is important to the farmer's survivors, who must still carry on with the farm for the remainder of the year, perhaps using the full credit, Mr. Graham said. y, September 10, 1972 THE 1ETHBRIDGE HERALD 21 U.S. oil action boon to Alberta EDMONTON (CP) The lat- est round of increased oil quo- tas by the United States gov- ernment is expected to have a significant effect on Alberta. The oil industry has not yet heen able to assess how much more oil will flow into the U.S. because of President Nixon's decision to increase oil import quotas east of the Eockies by barrels a more will flow. Alberta's share of this sub- stanlially increased market will be shared with off-shore o i 1 shipped to the U.S. from South America arid North Africa. If the recent trend continueSj Alberta could get 30 pec cent of the increase, the Energy Re- sources Conservation Board says. This would increase oil exports by to barrels a day and provincial oil royalties would jump by million or more In the remaind- er of 1972. 1IMC PLEASED The Independent Petroleum Association of Canada was pleased by Mr. Nixon's an- nouncement Monday. Stan Milner, president of IFAC, said continuing quota in- creases on Canadian oil can be expected. we had received a quota increase a few years ago, it would have had a dramatic im- pact on industry exploration. Today it will take substantially higher gas prices to really ex- cite exploration in Alberta." However, the growing de- mand in the U.S. for Canadian oil would bring a price increase soon. "We anticipate a 25-cents-a- barrel increase by the end of this Alberta oil now sells at a barrel. WORK TOGETHER Speaking to the annual meet- ing of tlio Canadian Chamber of Commerce in OUaiva, Neil V. German, of Calgary, retir- ing president, tells the group that business, labor and gov- ernment must work together if wage and price controls arc to he avoided. Red tide causes illness BOSTON (AP) Partial or absolute bans on the sale o! soft shell clams were in force today in the five northern New England states because of the presence of toxic "red tide" al- gae off the region's coast from Cape Cod to Maine. Meanwhile, tbe U.S, Food and Drug Administration began a recall of soft shell and hard shell clams and mussels dis- tributed since Sept. 4 by 191 small packing and processing companies in Maine, Massachu- setts and New Hampshire. The FDA said the shellfish had been infected by the "red tide" algae. A spokesman said the agency was trying to deter- mine bow much of the shellfish product had been distributed outside New England. The Massachusetts depart- ment of public health reported Monday 23 cases of illness in the region linked to the con- sumption of clams believed in- fected with the algae's poison. Only two of the cases were classified ns severe, and the de- partment said they would re- cover. BANS ABSOLUTE Absolute bans on the sale of soft shell clams were in effect in Vermont, New Hampshire, Maine and Massachusetts. Rhode Island has banned im- port of clams from New Hamp- shire, Maine and Massachu- setts. Connecticut has taken no ac- tion. The red Gonyau- lax tamperensis by scientist: is a small marine organism that is poisonous to certain shellfish and to people who eat the shellfish. In humans, HID algae poison produces symptoms of paral- ysis and in its most serious forms affects breathing. Sev- eral of those affected have been taken to hospitals where their breathing was aided by respira- tors. There Is no known antidote. The algae was first sighted last Thursday off Massachusetts and tbe first reports of illnes came Friday. Hockey fans offered a gamble TORONTO (CP) A group of Toronto hockey fans who each paid in hopes of al- Icntling the Canada-Russia hockey series In Moscow lias IKXMI offeree! gamble by a British charter flight company. Donaldson International Air- ways is Informing passengers on its hockey flight that they may proceed to London, Eng- land, and wait there in the hope rooms become available in Ihe Russian capital. Hut the company also said to- day it is telling the 189 fans Ilia I the Loncton-to-Moscow part of the flight is cancelled while negotiations for accommodation continue in Moscow. A spokesman for Donaldson said Jntourist, the Soviet tourist agency, has returned "the de- posit Ihe charter paid for accommodation in Moscow. Intoiirist said rooms are not available for the series, which is scheduled to resume Friday, hec.Tusc liio Supreme Soviet, Russia's parliament, is in ses- sion. I I I I I I I I I I I I I I I I I I I I I I I NABOB WILL PAY 7 SAVE NABOB LABELS TO MATCH THESE PRODUCTS WE'LL PAYCASH FOR EACH COMPLETED LINE r FILL THE PAGE AND EARM C OO DIAGONAL LINE 1 .LY ONE LABEL IS NEEDED FOR EACH SQUARE EVEN WHEN USED TO COMPLETE MORE THAN ONE LINE. 1 label size or variety Squirrel i a Horizontal (circle) Vertical (circle) Diagonal (clccle) Complete square (check) ;