Galesburg Register-Mail from Galesburg, Illinois on July 5, 1973 · Page 37
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Galesburg Register-Mail from Galesburg, Illinois · Page 37

Galesburg, Illinois
Issue Date:
Thursday, July 5, 1973
Page 37
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3LffeM >buffl..,R,egistcr*MQ8l f GolesbUfg, ThMrsdQy>„Ju!y..5 t .,1,?73 UN Review of Multi-National Firms Suggested mirm NATIONS (M>D To offset the influence that giant corporations operating in several countries can wield on the world's economy, their operations could be regulated or at least subjected to review by the United Nations. That is the conclusion of a special report prepared at the request of the U.N. Economic and Social Council for a group of 20. economists, named by Secretary General Kurt Waldheim, who will begin discussions in September on the role of multinational corporations in the world. The report from which they will work will be published later in the summer, but UPI has obtained a final draft of the report. The report said the multina tional companies, because of their size and economic power, can exert their influence in many ways oft the world financial front and particularly on the host country. "Frequently, the multination al corporation is perceived as capable of circumventing or subverting national objectives and policies. "The corporations have been linked to the viability of the entire international monetary system," it said. "In particular, the massive movements by multinational corporations against the dollar have jolted the exchange parities and thrown doubts on the workability of the existing rules" governing exchange rates. NOTICE NONDISCRIMINATORY DECLARATION KNOX MANOR A Sheltered Care Home, Located-At: 820 E. 5th St., Galesburg, Illinois In NO Way Discriminates Against Either Employees or Residents for Reasons of Race, Creed, or Color. As another indication of their economic clout, the report said the top multinaUoftal corpora Hons "are bigger than a large number of entire national economies." The top 10 multinational firms, it said, operate at monetary levels higher thin the Gross National Product (ONP) of more than 80 countries. "The efforts by multinational corporations to broaden owner ship, control and managements at a truly international level..* at a truly international level, have the effect of transforming these Corporations into almost supranational bodies," it said. "As a first step toward dealing with this anomaly, corporations which satisfy certain criteria...might be regis;] tered with an agency of the United Nations, such as a center for multinational corporations. "A more formal internationalization or denationalization of corporations would be the chartering of supranational corporations," the report continued. "An international company law would be established and administered by a body of the signatory countries." Since the recent Senate bearing on the operations of the International Telephone and Telegraph, (ITT) Corp. in Chile and its plans to investigate other multinational firms, businesses with major international operations have generally been thought of primarily as United States based. The United States does rank first in such operations, but British, French and West German firms also play major roles on the multinational business stage, as do the Japanese. As another example of their international economic power, the report said that the sales of foreign affiliates of the multinational corporations to non- affiliates are approaching the level of the total of world trade. [Such safes amounted to about; P&b billion in 1971, compared with total world exports valued at IttO billion. : But aside from the United Nations, the report said, individual countries are taking an interest in exerting some measure of control over multinational corporations operating within their territories. "The increasing power of host governments at the national or regional level to insist on participation, if not. outright control (of multinational corporations), suggest that the days when the eventual domination of the world economy by a handful of giant firms could be predicted., are long gone," the report said. KNOT'S HOUSE OF BOTTLES 914 I. MAIN ST. BENNY'S BMVE-IN LIQUORS MAIN at CHAMBERS WINDIOR CANADIAN HOUSE Of STUART SCOTCH Fifth 3.99 3 for $11.75 SMIRNOFF VODKA Fifth $3.99 SEAGRAM T* CROWN Fifth $4.29 EARLY TIMES BOURBON Fifth $4.19 SMIRNOFF VODKA Fifth $3.99 VODKAOIN Full i*69 Of. 4 EARLY TIMES BOURBON Fifth $4.19 Jamil SCOTCH $*39 FIFTH O VODKAOIN Full i*69 Of. 4 CANADIAN CLUB $BJ79 FIFTH «? MILLERS 12 cant $2.09 OLD STYLE 12 cons $2.19 HAMMS 12 cant $2.29 SCHUTZ :^ : 2rt «ili-;$4.49;; ; BAVARIAN CLUB 12 cans $1.79 FALSTAFF 24 cant $3.99 E4.UE RIBBON 24 '3" OLD MILWAUKEE 12 e.„. T BLATZ 12 pk cans $1.89 Come in — look over our large selection of wines imported and domestic. Priced right — visit our gourmet selection. Many imported, hard to find food items. Wisconsin cheese. SPECIAL PRICES ON FULL CASES OF BEER, CANS OR BOTTLES Everybody Loves a THOMPSON ROTATING LAWN SPRINKLER No. 700 THIN-FIN Silver Shad or Shinner Minnow LURES $1.49 istv Eo. LILY PAPER PLATES 3 COMPARTMENTS FOR FOOD SEPERATION 50 Count Reg. $1.57 $134 Du Fonts ZEROX Summer Coolant For Your Car's Air Conditioning G!.I . 0n, y * DuPonts Heavy Duty STOP LEAK Repiirs Most Cooling Systems For Cracks in Radiator or Blocks. 16 ox. a05 Only ffi^ DuPont No. 7 CARBURATOR CLEANER 16 oi. ALPHA YARD & LEAF BAGS 4 Bags Per Box Reg. $1.37 99' Wizzard CHARCOAL LIGHTER No Flare-Up—Taste- Odor. 32 oz. 57 DuPont PRO-TEK Protective Hand Cream Protects From Grease and Paint. 4 oz. Reg. 67c 49 ESTATE & MARINE HOSE ft Remains Flexible in Freezing Temperatures. I Corrosion-Resistant Nickel Plated Couplings. % In.—50-Ft. Length No. EM 58-50 Reg. $7.58 ROCKET BRAND MASKING TAPE By 3M %" x 6 o Yds. 3•*99c No. RT-1 Reg. 49c Dolly Madison 4 Quart Hand ICE CREAM FREEZER NO. 6504 Reg. $9.29 $£49 Gillette Trac II RAZOR SET With PAK of 5 BLADES Reg. $' $2.29 COUPON AXION LAUNDRY PK-SOAK 250z. Pkg. 3 A* With This J jfC Coupon Coupon Expires 7-9.73 BERKLEY TULENE MONOFILAMENT FISHING LINE 2—100-Yd. Spools Reg. $3.38 2 $199 Spools JL Fido Jars 3 Piece Canister Set 1-18-oz., 1-36-oz., 1-54-oz. Prices Effective thru Mon., July 9th 169 N. Brood St. Galesburg, III. rtnlKt lUu AirtAlb bur ! n t Dt kl ijKitiS" IBSON'S lilfcWliliT CINTER HOURS; Mon. thru Wed. 9 A.M. to 8 P.M. Thurs. thru Sat. 9 A.M. to 9 P.M. Sunday 12 Noon to 5 P.M. True Brunette By CLAIROL The True-Color Heir Color 8 Shades Reg. $1.99 $129 SCOTCH HAIR SET TAPE W'x9.72 yds. 2 -99c Reg. 59c VASELINE Intensive Care Both Beads 34-OZr Reg. 99c 89c FRESH-UP Family Deodorant Soap 4 BARS Per Beg 8 - 99c Reg. 57c Ash Flash Double Mantle Gasoline Lantern U»s Rsgular or Whit. Gasolin. No. 1022 Reg. $13.99 $ ir CONCENTRATED ALL DETERGENT With FREE TOTE BAG JUMBO SIZE Reg. $2.37 $199 ROLAID ANTACID TABLETS 4 Rolls Per Pkg. One Roll Fret You Pay For Only 3

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