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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 23, 1971, Lethbridge, Alberta 16 THE LETHBRIDG? HEKAID Thundoy. September 23, 1971 Government revenues OTTAWA (CP) running at an annual introduction of lira Canada provincial and local SSI Quebec pension plans. Con- revenues have increased 50 IDGti, when net from all workers to cent faster in Ihe last five all governments was S1B.7 pension plans started in than tne country's over-all and the gross when they totalled nomic growth, was billion, This year, they are ex- federal stalstics revenues have risen to be twice that, or At mid-1871, the than 75 per cent revenues of all levels of national product rose RATE MODEST ment, including contributions same period by 40 per from the introduction of such funds as medical care Canada pension plan by the surance arid the Canada speed at whch government, and the Quebec pension plans, amounted to J21.4 billion. general economy's rate plan by the Quebec government, the rate of growth the year as a whole, they will run to about 542.6 with what happened federal revenues has been modest in comparison with that But officials of Statistics previous five the provinces and municipali- ada explain that this 1901 and 1966, nearly billion of revenues did 1961 and 1966, fed- payments among governments that one almost the same rate 73 per crait-to billion from revenues rose 48 per cent to SII.2 billion from billion, collects and turns over to in Ihe subsequent five years other to in that period, the rose another 47 per cent to Transfer paymeust are by 57 per cent, to 561 4 billion. mainly under from S39.1 revnues includ- agreements, provincial other words, since I960 transfers to the provinces programs for municipalities economy has grown the federal government- provincial and municipal slower rate, but the than doubled in the five to all governments have before 196G, and more Net revenues of all a faster rate. douhled again in the last ments this year, therefore, in these figures, vears estimated at S32.B billion, tax receipts from all were SI .98 billion in fgures for Ihe first half of sources, plus billion in 1960 and an year and adjusting them to and the federal S9.13 billion this year. annual basis. This amounts withholding faxes revenues grew by 3G.1 per cent of tr-s country's j payments going per cent or more in each gross national Can- i One contributor to the period, from bil- ada's entire output ot goods rate of government in 1961 to S4.4 billion in 1960 services which at m i d -y e a in the last five years to S7.7 billion this year. Stabilization fund for regional OTTAWA (CP) Andre iron ore, the figure is said provincial access nauld. newly-appointed create political and ad- man of the Economic Council Raynauld opposed problems. It would Canada, already brought to by the provinces to provinces would have to tawa what he thinks may be of Canada, the federal part in exchange-rate oper- cure to one of the country's that governs the gest regional poverty in money supply and also would be inefficient, he midst of national Dr. Haynauld, who takes over as chairman next January, the Senate finance committee June that the federal ment should set up a stabilization fund, from J provinces could borrow to economic growth within L Linked to the fund's would be closer consultation tween the federal and provincial governments on future needs of the national and prince H N 0 M PENH (AP) I Like almost a dozen of The basic problem, Dr. Norodom Ravigong, children, Ravivong had nauld said, is that at the sons of Cambodia's living under police surveil- when the national economy head of state, Prince booming, certain Sihanouk, has economies may be a bust, Cambodia, abolished the investment and said monarchy last Oct. 9 lagging behind national disappeared the republic was pro- Another attack on the Penh some weeks lem might be for the has since crossed the banks to maintain regional frontier heading for who lives in exile in serve levels, determined by destination, has been sentenced to regional supply and demand for treason. That would put interest rates more in line with the attack Viet ment needs cf the provinces, (AP) North the Quan Loi base, 62 miles creasing the attractiveness sappers attacked of Saigon, in darkness investment in major South and hurled satehel in two days in what The base is defended Dr. Raynauld said that said was the beginning about 300 South Vietnamese provinces "have until now new campaign against pletelj avoided any installations, field reports said two sol- ity for unemployment and and two dependents were tion, whereas the federal government has satisfied its 30 sappers slipped teem by assuming this responsibility even though it kin found dead less than half the country's Calif. (API bedroom with the 39-year- "Such attitudes are no E. Callaway III. yachtsman's bcdy. realistic today to actress Ingrid coroner's spokesman said a daughter, Pia was found to Callaway's Under his proposal for a been found dead in industrialist Fuller E. bilization fund, the Jr. would meet the federal govern- c r 0 e r ,s divorced by his ment periodically to draw of death would have wife in the mid-1950s, mar- economic forecast for tests, but bottles of Miss Lindstrom in 1960. She months or a year in were found Tuesday him 22 months later. They would then propose what i budget surpluses or deficits Pai-jgn prison CSCapCCS Cailgllt would suit the national and pro-1 I Jo vincial economies to achieve their goals. The fund would buy short- and medium-term securities from the provincial governments, in effect lending them money to support their budget deficits de- signed to expand their econ- The fund would sell its own securities, either on the open bond market Or to the Bank of Canada. Dr Raynauld said one of the reasons the provinces have not acted on their own to fight infla- tion and unemployment is "the firmly held conviction that a province's economy is too open to external pressures for inter- vention to have a chance of suc- cess within its boundaries." While information is scanty, studies done in Quebec seemed to that one of those pres- purchase of goods from oulsidc Ihc not as serious as believed The leakage varies greatly with the kind of product being bought, he said. For every dollar spent in Quebec on buildings and hoiLscs, for example, about 36 cents leaves Ihe province in the form of purchases of goods mado elsewhere. ?'or evo.-y dollar spent on pe- troleum and gas, cents leave the province. Landlords press for evictions 1972 MAVERICK ML As fail to show up EDMONTON (CP) Twenfy- six opposition members didn't show up at government house Wednesday for a ceremony at which 27 Progressive Conserva- tives were sworn in as mem- bers of the Alberta legislature. Government officials said the 25 Social Credit mcmbsrs and Grant Notlcy, leader cf Ih; New Democratic Party, had been invited to the ceremony bill didn't accept because oppo- sition leader Harry Strom and Mr. Notley had mads commit- ments to he out of the city. Lt.-Gov. Grant MacEwan swore in the Conservative MLAs, who then joined 22 col leagues for the new govern- ment's first caucus. The other 22 Conservatives' lure. were sworn in as cabinet mem- j bcrs and MLAs two weeks] ago. The Conservatives came to, power Aug. 30 when they de-j fcaled the 30-year-old Social Credit government in an Alber- ta general election. There are 75 seats in the new legisla- DALGARY (CP) The Al- berta Property Taxpayers As- sociation wants the provincial goveiT.mcnl to case restrictions on eviction o[ tenants and to implement [axes on churches, public housing and government buildings. The association endorsed a letter which asks the Progics- sive Conservative administra- lion to allow immediate evic- tion to those who fail to pay rent. Acting president Ronald Ilen- nig said the association would also push for written notice from tenants on plans to va- cate, elimination of interest on damage deposits, deduction of cleaning costs from deposits and removal of the 90-day no- tice of rent increases. "In what other business do you give notice you're going to raise your The association said that U> have a "fair and equitable" lax base, assessments should be made against railways, and erhibition boards as well as churches and government structures. 8 FEARED DEAD ISTANBUL Turkish freighter has gone down in a slorm in the B I a c k Sea and eight seamen are feared dead, reports reaching Istanbul said. Find man's body CALGARY (CP) The body of a man aged about 20 years was found in the Bow River. Police said they were investi- gating the possibility of foul play and withheld the man's name. INSURANCE LIABILITY BONDS AUTO 0 FIRE ROSSITER AGENCIES no. ESTABtlSHED 1911 lower Floor 517 4lh Ave. S. Phone 327-1541 Available from coast to coast in Canada through all Simpsons-Sears stores and catalogue sales offices, this very special offer is the sincerest effort Simpsons-Sears can make to bring you merchandise that combines fine quality with the lowest possible price. THIS IS SIMPSONS-SEARS Compare a Kenmore's price. See how the features stack up against all way it's built. Dollar for dollar you'll find it the best buy in town! So cash in on Kenmore's expensive featmmWithout the expense. During our big, 3-day sale. NEW ORLEANS, La. (AP) were captured within Six prisoners escaped from the Orleans parish prison, scene of a disturbance a day said the six, all convicted en miner charges, scaled car saw three men on the ua" lilted father escape, The prison was badly in a disturbance that was boxes down for the most part Tuesday, a'though 54 pris- barricaded themselves in a fourth-floor row of cells until afternoon. OTTAWA (CP) tion boxes in federal have saved the government an climated S15 million since booth Frank Adams, secretary of the civil kiss commission's incentive said Wednesday Ihc saved taxpayers about SI. 25 million last year death Suggestions ranged from cost-cutiing way to (CP) A kissing machine-gun ammunition to planned for 60th anniver- new design for shipboard celebrations in this town latter possihly miles west of Edmonton, spired hy the infamous received the kiss of death vcnturc the Alberta Health de- During the year rl mcnt suggestions were offered, nnd ISO were approved and turned thumbs down on the Ixmth, which planned They oamcd public at 10 ccnls n smock, for in reward reasons. We service whal wn sell You j'i'l Iroesnrvicn pnarnnlce (mclmlmj> parls nnd labour) on nny in malmiil fine! workmanship. S-yivir iju.ii.iiiliic on all sailed, jiarK Nti IradiMn required. Snlisfnction win ran I SAVE SAVE'25 Kenmore 'Soft-heat' Fabric Master dryer 2-Spced, 4-program Kenmore washer For thoroiiRh. perfect dryinp. our Fabric Maslrr rirynrnulnmnlirnlly Innnlhciis or shortens diyinu limn, dnpfimiinf- on lypo and wuinlil of r.ihnc.- Even dnmp-drics for ironing. Kx- r.hisivi1, 'Kofl-licnl' diminislips ns clollms dry. Prevents over-drying. No-heal 'air' fluffs kcls. Dries plaslic. ['rrshnns draiici !cs. K.isy- innrh, lop-mnunlrd linl fir.rrnn. Mifih InrIns I drying. Sflfnly switch stops spin if dnor in onnnctL Plclurc-frnjne.porr.chin lop. Regularly fully niilnmnlir normal, drliralc and programs special to Ino.srn soil. ,ri t I iuns.Vii liable luviil cmilrol. Super Knin-swirl fur I inn Scaind 'low1 For sluinrs, Snlf-doiininj; lint filler. porcnluin lop nnd lid. Hnfrly switch slops spin when liu is onniird. Pump puanl prnvnnls foreign nbjrcls Irom rnlnrinfj STORE HOURS: Opfln Daily 9 a.m. to 5-.10 p.m Wrdnfiidny 9 om. to p.m. Thursday nnd Friday 9 n.m, lo 9 p.m. Centre Villngo. Tnlnphone ;