Lethbridge Herald, The (Newspaper) - September 22, 1971, Lethbridge, Alberta
Iulerpreliii.f> Nixon wins first round By IIAItOLD MOJtlHSON Canadian Press Stuff Writer President Nixon has in effecl won the first per- haps even scored a major over- all in his struggle to give the United States an artifi- cial edge in the conlinumg bat- tle for world markets. As the roar of international protest against the Nixon mea- sures still reverberates, the one point standing out clearly amid economic sabre-rattling is that none of the major in diMrial competitors has dared impose equivalent counter-mea- sures against the U.S. While some countries, such as Canada and members of the Eu- ropean Common Market, intro- duce or consider methods of compensating iaidustries hit by the American 10-per-cent sup- plementary duty on imports, the underlying fear that seems to have permeated through recent events is that the U.S. might be stiTed into still tougher mea- sures. KEYED TO DEFICIT Hope that Nixon might he per- suaded to remove Hie 10-per cent import tariff quickly under concerted world pressure grad- ually gave way U) spreading realism, confirmed by Nixon himself, that no early removal is likely. Initial American hints that the president might shift his posi- tion once the major competing countries, such as West Ger- many and Japan, pushed up their currency exchange rates College action sought HE DEER (CP) The ad- ministration of Red Deer Com- munity College must become accountable to its students and the community and stop gam- bling with students' education, Jim Head said here. Mr. Head, studenls' union president, said the union has held two meetings with the administration and it was ap- parent the college would not re- verse its decision to eliminate five university transfer courses. The college's decision will cause inconvenience and finan- cial loss to 22 studenls and they should be reimbursed, particu- larly if their only alternative is to attend summer school or transfer to the University of Al- berta, Mr. Head told a news conference. PLEASE NOTE! In The Saturday, Sept. 18th LIONS BINGO AD one number was listed incorrectly, O-30 SHOULD HAVE READ 0-70 FOLLOWING ARE THE CORRECT NUMBERS: Here Are The To Dale: B-15, B-2, G-58, N-44, N-37, G-52, 0-70, G-55, 1-21, 1-29, 1-28, B-14, B-12, B-8, O-72. THIS WEEK'S NUMBERS: G-59, N-34, 1-30, O-73, 1-19, G-47, G-53, G-54, N-41, N-43, O-68, O-69, G-56, G-60, N-39. Please Check Your Cards Additional numbers will be published Saturday, Sept. 25lh have been succeeded by new hints thai Lhc U.S. wants much more than just currency revi- sions. There must be greater over- seas acceptance of Amci c in goods and increased overseas sharing ol lhe cost of defending lhe free world. The impression left by lliese various demands is lhat the U.S. simply is seeking ways of ensuring that the 10-per-cent duly remains intact at least until there is a substantial anrl dramatic swing in the American foreign payments account, from lhe current deficit inlo a major surplus. That may Lake a year or more. UPWARD MOVE NEEDED The question that remains is whether Nixon's decisions will be sufficient to achieve his goals without some hefty up- ward movements in overseas currency exchange rates, par- licularly in Japan Floating rates have moved up huL gov- ernments and cenlral banks are intervening, determined thai Ihe rales should nol go loo high, thereby still further hurting ex- ports. While talk of Ihe turning lo fixed rales in the in- Icrcsl of world monetary slabil- ily, Ihe floating may continue for many months partly through the countries' sheer inability lo agree on what the new rate lev- els should he. Some experts fear that this period of instability may con- tinue until after the next U.S. presidential elections in Novem- ber, 1872. By that time they hope Lhal the U.S. might be per- suaded to make a small token increase in the official gold price, lo share Ihe task of de- valuing Lhe U.S. dollar which many countries feel lies at the heart of the current crisis. PRESIDENT NIXON Montreal schools mav merge M 0 NTRE A L (CP) Sir j George Williams University and number of countries Loyola mav merge as need re- as lhe rall of i972 spokcs. men for holii universilies said loday. Very Rev. Patrick Malone, president of Loyola, saia "there is a strong likelihood of some son of an association helween Lhc two schools by next year.'1 He said it was well-known Ihal the Iwo schools have been studying the topic hut "a final decision will be taken by the board of governors only after thorough review, prolonged dis- cussion and negotiation." A spokesman for SGWU said principal John O'Brien will meel Yves Martin. Quebec dep- uty minister of education, and oilier departmenl officials here Thursday lo discuss various mailers including the possible Juvenile delinquency in Rho-: mcl-gcr No Loyola represenlalives HATE INCREASES desia increased from cases in 1969 to in 1970, a report to Parliament .said. CARPET and LINO (Complcle Free Eslimales! No Obligation! PHONE 327-8578 CAPITOL FURNITURE 'The Carpel house of the Soutli" had been invited lo Hie meeting The merger, proposed last spring by Loyola, would produce a university with a total enrolment of day and evening studenls. Loj-ola is not eligible for regu- lar university grants from government because it does not a university charter. where ______ there's a special need, there's Motorways. We specialize In a lot of things. We have people who are specialists on trans- portation'problems. 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Cocoa Her5hey.5 I i Robin Hood Quick Oats Hand Lotion ib. net wt. tin 69c 49c 36 01. pkgs. Vaseline Intensive Care ......7 fl. oz. bottle ea. Mayfair Foods Bakery w f Tea Scones McGavin's Mayfair Foods Dairy and frozen Products Bokeasy; 1-lb. 1 IFSIjnet wt. pkg. Jfor Cheese Slices t. PkB. 39c Mom's Family Pak OA Margarme 3 H, e, Pk9 co. ovc Frozen Chicken or Turkey Dinners Lemonade Frozen TOP Clear or Pink..... Frozen n nel wt. pkg. for Value, 6 Fl. oz. tinsO for Banquet Chicken net wt. pki Highlander or Turkey 11 oz. net wt. pkgs. A for I Perch Fillets Hli3ibanetewt. 59c We Invite You To Try Our Maats "THE BEST IN TOWN" Mayfair Foods Produce "Flavour Fresh" RED OR BLUE BRAND CHUCK ROAST Ib. Prime Rib Roast Red or Blue Brand Beef T-Bone Steak 139 Sirloin Steak 1-29 Burns, By the Piece 89' Ib. 45c Burns Cainphrc, Vcicuum Pnk 1-lb. pkg. Mayfair Foods Canada Choice Canada Good Peaches Freestone, ta's Alberta Grown, Can. No. 1 ............2 Ib. nel wl. Poly Bag. Mod. Yellow Cookers, Can. 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