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Lethbridge Herald Newspaper Archives

- Page 30

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Lethbridge Herald, The (Newspaper) - September 30, 1971, Lethbridge, Alberta WE IETWBKIOGE HERALD Thursday, S-eplember 30, 1971 No crackdown on foreign ownership HOUSTON', (IT11 nadian Trade Minisli-r .Iwn-l.uc Pepin assured Tc'xiis IHIMIK'SS- men Wednesday H'.il Canada will rclrain from a radical crackdown on foi'cigii ownership of its induslry. Al HlC Kami' I'" the Unilrd Slaliv In display more iimlc-i-siandini! of unique links ivilh ils norlliL'rn neighbor and UK niirent I null' ivsiric- tions againsl Canadian imports. Mr. Pepin. (.peeking lo the Ho 11 si on Cli.-.mher of Com- merce, reitcralcd warnings lhal present and proposed prolec- lionist measures in Iho United Stales might force Canada "lo take a MTV hard look al our whole ceynumie. relationship with the United Stales." But lie expressed optimism f LIABILITY f) BONDS AUTO 9 FIRE ROSSITER AGENCIES LTD. ESTABIISHED 1911 lower Floor 517 4th Ave. S. Phone 327-1541 such dangers would he averted. Afii'r cataloguing in di'lail Canada's close relations with the United Slates in trade, travel, culture and economic mailers. Mr. Prpin forecast Ihe gvnwlh of such exchanges in the fuliire. SIGGKNTS INVJiST.MlCNT lie urged the Houston busi- nessmen. holding a special seminar on Canada, lo look lo Canada as a country for inveslmenl. Canada, he said, offers "one ol Hie most hospitable climates in Ihe world for foreign invest- ment." He referred lo a policy study on foreign ownership of Cana- dian industry carried out by Ca- nadian Revenue Minister Herb Gi This document now ia under II I j the Canadian cabinet n I 1 lever Hie eventual de- c on ay be, you can count on us not lo do the irrational." P pin added thai "advan- 1 of foreign ac- lo technology, access lo these companies as [or wholly Canadian compa- c I be preserved." tn Canada, he told Ihc bnsi- len, there is a friendly dis- p I n generally towards the I to 1 Stales and Americans. CRITICIZE TAX The minister suggested Ihe I S I linislralion has been ifair lo Canada in ignoring 1 e lalionships and apply- ing the 10-per-cent import si'i'- chargc of Aug. 15 lo Canada lo t Hi oilier trading paii- I I f lir to treat us like any oilier foreign he a lei In addition to criticizing the application of the Import sur- charge lo imports from Canada. Mr. Pepin assailed two other proposals before the U.S. gov- ern m c n I a system of lax credits favoring purchase of U.S.-made machinery and equipment and a program that would exempt from taxation Ihe undistributed profits of U.S. cor- porations lhal engage exclu- sively in export sales. He said the tax-credits pro- posal would discriminate U.S. policies foreign suppliers and ere turning in- ward and Ihat Ihe U.S. consi- jorl corpoi ations dcrs it in ils interest lo impoli I way of suhsi- unr raw materials KIK! our en- crgy resources but lo impede low lo find lhal and obstruct the development of our secondary industries, we would have lo lake a very hard look at our whole economic re- lationship with Hie U.S." .Mr. Pepin said. However, he assured Ihe audi- ence the Canadian government is nol reappraising ils relations wilh the Uniled Slates at present because "we still have confidence that the U.S. will resume its positive and con- si riictive role in continenlal and world Irade and economic af- fairs.'' Brooks gels plant BROOKS (CI'l Construc- tion will start in November on a million .steel mill for manufacturing lubing and in- dustrial pipes in Ibis communi- ly, says Bcv Nelson. The plant will be called Brooks Tube Lid. with Hugh Planehe ot Calgary as presi- dent. Brooks is 90 miles northeast of Lcthbridge. Tired of game ISTANBUL (Renter) Ce- zfcir Ilalici, who hid out in the mountains for 15 3 ears after es- caping from a Turkish jail, gave himself up yesterday say- ing he is "too old Lo play hide- and-seek with the police any more.1' Officials said Halici is 80. BIRTHDAY WISHES Former U.S. first lady Mamie Eisenhower receives birthday wishes from comedian Red Skelton and his wife ot a 75th birthday banquet held in her honor in Washington. ft UNITED MOTORS CO. LTD. u >s' n f STARTS TOMORROW In Our Newly Remodelled Showroom HORNETS GREMLINS JAVELINS AMBASSADORS SPORTABOUTS MATADORS PURCHASE A 1972 AM CAR AND RECEIVE THC The World's Leading International Beer Wlien you buy a new 1972 car from an American Molors- dealer, American Motors Carporalion guarantees lo you thai, excepl for tires, il will pay for Ihe repair or replacement of any parl il supplies thai is defeclive in material or workman- ship. This guarantee is good for 12 months from the date the car is first used or miles, whichever comes first. All we require is that Jhe car be properly mainiained and cared for under normal used and service in Ihe fifly United Stales or Canada and that guaranteed repain or re- placemen's be made by an American Motors dealer. Don't Miss the Excitement! See Them Today! SEE JEEP AND SCAMPER TRAILERS FREE W HOT DOGS AND ROOT BEER ABOUT IN CONJUNCTION WITH OUR 1972 AUTO SHOW WE ARE HAVING A DON'T MISS THESE BUYS YOU'LL NEVER AGAIN SAVE MORE FROM OUR 1971 RENTAL DIVISION WE ARE CLEARING AT 22 UNITS FROM 14' TO 18'9" Reg. list l-or libels Lilicl we lilcnd .ind brow only llic lincst inuredicnh... wiili p.ilicncc.. .wii'n to bring out all their flavour. Then we JMVC the IJIT.W move time our cool, quiet cellars so lb.nl Black Label slowly matures to perfection. II you like a beer llavour, Iry a Black Label .enjuv I be full llaunir lhal is conquering thirsts all over ihe Cnrlin" Bla( k Label- sold and enjoyed in over 60 countries around the globe. THE CARUNG BREWERIES (ALBERTA) LIMITED FROM OUR UNITED MOBILE HOME DIVISION CLEARING ALL 71 UNITS OF SQUIRE PAGE -low Down Payments -Bank Rale Financing Sale Guarantee Phone 327-0822 or 327-1780 390 V-8, P.S., P.B, Radio and individual HA: v.3, P.B., P.S., Consul, Bucket Seals, Radio, Beouliful Orange wilh While vinyl lop. P.S., low mile- V-8. P.S., P.B., rodia JUST o jewel, low milragr. V-8, 4 spcfid, Heavy duty !i ton. Oversized tires and wliccll. Corner 3rd Ave. and 3rd St. S. Phone 327-1418 327-2805 OPEN EVENINGS UNTIL 9 P.M. j ;