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T’SA10!_
10th Anniversary

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Co- -Ops. invest in energy

SASKATOON (CP) —~ The

co-operative

movement isready to Invest

millions of dollars in the

energy business and those °
spearheading the drive say

there appears to be no

turning back. .

Co-op leaders have. spent
the last few months selling
the idea to their members
and are convinced it is a
“go” venture, despite some
grassroots grumbling and
falling short in its initial
investment farget of $100
million.

The grumblings range
from a fear of being in bed
with the federal Liberals to
feelings the. . co-op’
movement should
gamble with money needed

s to provide farmers and

consumers with reasonably-
priced goods and services.
- Bill Bergen, chairman of

_ the energy project steering
committée,
organizations expect to put

said co-op

together: between $50

million and $75 million, with

most of the money coming
from . the larger

3 organizations in ‘Western

wm Canada.

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The federal government,

. keen to prove the petroleum

indusiry can be
Canadjanized, has offered

-

FANBELTS?

we)
CHECK "EM OFTEN. J

Herald ©

CLASSIFIED

635-

14000

not °

-jzations,

. match’ the ¢ co-op funds up

to a maximum of $100 mil-
lion,

- Coop jeaders concede the

initial investment is peanuts
in the energy business,

But they say that ir
vestment can grow to as
much as $1 billion over the
next few years if their nine
million members, who like
most Canadians are con-
servative-minded and
prefer the security of stocks
and bonds, can be convinced
to risk some of their
Bavings.

“You've got to ‘Start
sometime and everybody

_ Starts small,” said Pat Bell,

chief executive officer of
Federated’ Cooperatives
Ltd. in Saskatoon and one of
the first leaders to raise the
idea with Ottawa.

tinational oil company in
the future has not been
ruled out, the co-ops prefer
a more cautious start of
forming limited part-

nerships with oil companies -

already involved in ex-
ploration and development.
About two dozen. organ-
representing
wheat pools, credit unions,
consumer co-ops and
caisses populaires, meet in
Winnipeg May 6 to declare
exacilly how much money
they will put up over te
next three ar four years.
Bergen . and other
members of the steering
committee said in recent
interviews, they are con-

 fident there willbe enough

money to get the project olf
the ground as early as June,

“Hopefully, it will be off
and running just as quick as
it can,” Bell said.

Critics of the plan have
suggested the Liberals are
trying to buy votes in the
West, where they failed to
elect more than two MPs
last year.

“It may be a_ political
thing for them (the
Liberals),

has decided to invest $20
million over the next four
years.

‘but its not for:
_us,”’ said Bell, whose coop

. "I think there is always
some concern ‘ol political
patronage.

“But we've made it clear
to both the federal govern-
ment as weil as the various
provincial governments
that we're basically trying
to remain very nonpartisan.

“The main thing we have
to acknowledge is. that if
youre going to acquire
anything or gain anything
from government, you deal
with the government in
power.” -

Elwood Cowley,
Saskatchewan mineral
resources minister, seemed
to agree. .

“If they can get some
money out of Ottawa, well

-more power to them,” he
; “said.
While a takeover ofa mul- °

“It ‘may have been a
political move by QOltawa,
out. I'm certainly not‘
critical of the co-ops for

‘picking up the money. It
‘would be kind of silly to

leave it on the table,"

. Ira Mumford, chief
executive officer of the
Saskatchewan Wheat Pool
and a steering committee
member, said criticisms of

‘the project reflect the think-

ing of a small minority and
are unfounded. The wheat
pool is Candda's largest co-

_ operative.

“We say: ‘Why nat take
advantage of the op-

-porlumity a3 long as we’re in

charge and have control of
the energy company that
eventually results?’”

No programs, such as

.@levator improvement, will

suffer as a result of the
wheat pool’s decision to put
up between $10 million and
$12 million over the next

_ three or four years, he said.

The coop leaders ‘said

they have already been .

approached by oi] com-
panies, which: they refused
to name, that are interested
in joint ventures.

‘Bergen sdid the fateréath
largely because.a com-—
bination of new federal”
taxes and. inflalion has
reduced the amount of cash

.$300 and that .
purchased on time, as op- |

companies ‘have “available
for exploration and devel-
“opment. . .

Bergen said ihe idea is
appealing to, the co-ops

‘because it means they

would nol require an ex-
perienced staff at the out-
set. Instead, they- will
provide oil companies with
money to help cover part of
their exploratory and land-
acquisition budgets.

“Are we in any rush? We
don't have to do it over:
night."”.

Under the steering com-
mittee's plan, the first step
would be to set up a coop
holding company to receive

and invest the initial seed.

capital provided by the co-
op organizations and the
federal government.

Then they would set up an
exploration and develop-
ment company, possibly

‘based in Calgary. This
would be a public trading:

company with shares sold
on the stock exchanges to
any buyer, not just coop
members,

The company’ 5 _joint-
venture activities would be
finaneed by the holding
company, share capital and

. & special invesiment fund.

Assuming the co-ops get
clearance from the
securities commissions, co-
op members - would be
allowed to purchase units of

investment over the counter

in credit unions, wheat pool
elevators and co-op retail
outlets.

Bergen said he hopes the
investment units can be
kept to between $200 and
they canbe

posed to one lump payment.

They expect significant
contributions from the
Alberta ‘and Manitoba
wheat pools, as well as from
the Credit Union Central in
each province’ and region.

Smaller contributions

could come fram Co-op’ ;
?'atthtie Aitt'the United Co-

operative tt Gnlatio, which
"have less money and fever
members than the westem-
based coups.

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- was. something of a-
revelation for New York
Islanders in the pursuit of

CE-KITIMAT

The Heraid, Thursday, April 30, 1981, Page 7

Flames | back to 5 basics

CALGARY (cP) — It’s
back to the basics tonight

for Calgary Flames in the.
.second game of their -

Stanley ‘Cup semifinal
sexies against “Minnesota
North’Stars..

“We have to play like we
did’ against’ Chicago and
Philadelphia,” . Calgary

captain Brad Marsh said:

Wednesday. “Minnesota's a
skating team and we have to
go back to taking the man
out ofthe play.  -

“We went out in the first
game and tried to skate with
them, not knowing exactly
what to expect. You don't
bave to run over the top of a

’ guy, or anything like that.

Just get in front of him and
slow him down a bit.’
: The . Flames: lost the

. opening garhe of the best-of-
seven.‘ National Hockey |

League playoff series 4-1

Tueaday when the North-

- Flames
emotional letdown after a ~

‘final
- Philadelphia Flyers which

Stars skated well and fired

* 44 shots at the Calgary goal.
Minnesota’ had two short-

handed goals and a power-
play markeras their special
teams’ performed

‘ britliantly.

" “Our strategy will be to

" pul more pressure on the

North Stars: through our
forechecking,’’ said
Caigary coach Al MacNeil.

"That means taking the

body in the corner, things
like that. j

“We have to chase them

in their end and make them
make the mistakes for a
change. id

. Calgary skated well for
just the first 10 minutes of
the opening game as the
had an obvious

tough, seven-game quarter-
series with

ended last Sunday. The

North Stars, on the other
hand, had « six-day break
after eliminating Buffalo
Sabres in their quarter.

teammates appeared tired |

in the opening game and
several of the Calgary

veterans didn’t skate:

Wednesday at the Flames’.

optional” practice ‘following -

a video session with Mac-
Neil and assistant Pierre
Page.

“We over-handled the
puck several times in the

opening game and it cost us ©

on the. power play,” said
MacNeil. “We have to jam

. the puck at the net more

instead of making the real
sweet play.”

Marsh said the Flames
were too. anxious in. the
opening game and “when
you play frustrated hockey, =
yeu eet tired easily. ‘a

Gord Lane may sparkle

Defenceman Gord Lane

their 1980 Stanley Cup title,
so it shouldn't come as any

"surprise when be sparkles

" this year.

LJ shouldn't, except that
Lane broke his right thumb
March7 against Vancouver
- Canucks’ and missed the
rest of the regular season.
He has played only four
playoff games, and the
Islanders) 5-2 victory
Tuesday night over New
York Rangers in the first

| Game of their best-of-seven

National Hockey League

> oy: Femina swag, his best...) ¢heend for the Rangers: The :-
bh qutingyebyitsrage

ht

- “He’s worked real hard,"

6foot-t native of Brandon,
Man. "He's a very intense
guy.

“He told me directly:

"When I get back in the

lineup,- you'll never get me
out." cs

Arbour ‘hardly wants the
23-year-old Lane out of the
lineup tonight in the second

game of the series. at

Nassau Veterans Memorial

Coliseum. :

Lane's shot from the left
point was deflected by
Duane Sutter en route to the
net and tied the series

‘opener 1-1 just 16 seconds

into the second period,
marking, the. beginning of

spuck, infact, appeared: to
glance off Bob Nystrom's

Islanders coach Al Arbour skate last, but Nystrom was

said Wednesday of Lane, a

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it didn’t matter who got”

credit for the score.
Arbour, a journeyman

defenceman in -his playing

days with a string of NHL

‘teams ~ Toronto Maple

Leafs, Detroit Red Wings,
Chicago Black Hawks and

’ St. Louis Blues — was asked

whether he had a soft spot
for Lane, acquired by the
Islanders from Washington -
Capitals in a trade for
forward Mike Kaszycki
“When we got him, he was
actually the seventh defen-
ceman in Washington. It
took a little time, but he
played well in the stretch
for us. last year and. ex-

ceptionally well in the play- -
offs, Toa certain degree, he.,

and Kenny Morrow killed
the ‘majority of our
penalties,”

° NEW YORK (AP) —It
is, of course, far too

. who “won”
“lost” in the National
Football League's 1961
college draft. But: St
Louis Cardinals appear a
likely bet to get the most
out of their top picks.

"The Cardinals used the
entire 15 minutes alloted

Junior, the all-American
defensive end from

Alabama being groomed
as a linebacker in the

“The braintrust back
“in St. Louis was really

said Gordon Beattie, who
handled :the Cardinals’

Beattie said there
were no deals poriding

shooting down reports
that Los Angeles Rams,
trying te impréve~ on
their No.9 position in the
first round, were hur-
ning up the phoné lines
to St. Louis,
The Cards alse had to
be thinking about
‘replacing veteran.
quarterback Jim Hart -
-some day. The last time
they thought really
seriously about it, they
drafted Steve. Pisar-
wewice in _the first

bust. and
ae gous
w ned ate sehen

_ demands that he piay

- fired in 1979. Coach Jim
“Hanifan - cut...
Fisarkiewicz during «|

"early fo determine jist.
and who.

to them in the first round -
before sélecting E.J.

_ cluding . most -
pletions (938); “most

"yards passing: (13,220),
agonizing over that,”’.

during that 15 minutes,

Cardinals top | :
‘draft. pickings?

Pisarkiewicz, he was

training camp in 1980.

When. the Cardinals ©

choice in the second
round rolled around, .
Neil Lomax was still,
there, and St. Louis
pounced -on the -quar-
terback from Portland
State.

Lomax, a 6-foot-3, 215-
pounder, holds a bunch

of NCAA all-division ©

records | in- -

career :
com-

moet touchdown passes,

- 106): and most soo-yard :
“games (12)0° "7 ,

The only quarterback

; rated abead of Lomax —
and ng by everybody —
is’ California’s Rich -

-_ Campbell, Green Bay

. Packers, looking fea

returnto the glory years. <
when Bart Starr was .
their. quarterback and
not their- embattled -

' coach, picked Campbell .

in ‘the first round. .
That first round

Tuesday .was the

“celebrity round” when

. Heisman Trophy winner

George Rogers, the —

South Carolina running
“back, was selected No.3

by New Orleans. North .
Carolina linebacker
Lawrence Taylor was
taken No.2 by New York
Giants and the rest of
the 2 teams put their --

futures — not to mention. .

some small fortunes — -

on the line with their

picks.

> -onehitter

: ‘registeréd its third straight
- shutout against. Boston.

‘third inning
_. Detroit its 10th straight foes,

bei

“Oakland: ‘A's were in

- volved .in two fights with

California Angels, and
‘ manager Billy’ Martin’ was
right in the middle throwing

punches, right?

Well, not exactly. Martin
-acted as. peacemaker for’

- the most part’ as the two
teams tangled during and

after Oakland's 64 victory
in an American League

baseball game Wednesday,

Rangers 5 Red Sox 0

ancsifiee fly when Grég Lit.

tineki flied out, ‘but Bill
’ Almon was called ‘aut for |

_ leaping third base too soon.

Danny Darwin tossed a

_as Texas

John’ Grubb smacked 2

thredrun double in the first

inning and Al Oliver added a

two-run homer.in the eighth -
_ for the Rangers. Darwin, 2

2, did not allow a base hit
until centre “fielder Rick
Miller stroked a soft single.

left tn the sath inning.

Yankees 3 Tigers 2°. |
Dave- Winfield’s tworun
/bomer broke a 1-1 te in the

. Lefthander: Rudy May

. Gave up: nine hits . and
“allowed. two ruts over the -
“= first 62.3 innings to iniprove: ..

his record ‘to.4-1. Reliever .

“Ron Davis went the rest of -
. the way and. picked up his —
first save of the year. -

Mariners 7 Twins 7
Seattle took a 7-4 lead into

the bottom of the eighth
inning, but a two-run double .
- by Danny Goodwin and
Dave Engle's triple tied the ©

score for Minnesota befare
heavy rains Stopped the
action. .

‘The game -will be com:
pletely replayed at a later

- date, but all of. the in.
ual, statistics Wed--

are official. S453,
_ Orioles 3 White Sox @
_Benny Ayala hit a two-run

homer and Dennis Martinez -

held Chicago to seven hits

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Blue Jays § Brewers 6

Barry Bonnell triggered a
fiverun inning with a two-
run double that broke a
scoreless tie in the 14th

In’ other NL action
Wednesday. ‘night, Cln-
cinnati Reds topped San
Diego Padres 6-5, Houston |
Astros’ nipped "Atlanta

Braves 5-4, . Pittsburgh -

Pirates crushed New: York
Mets 10-0, San Francisco
- Giants upended Los Angeles
Dodgers $2 and Chicago’ .
Cubs, ended a. 12-game

_ losing string by beating Bt
" Lauls Cardinals 6-1 in the
of a.
doubleheader, The second -

‘first = game
game was suspended. by _
darkness with the score tied -
‘22 after i innings. --
Cubs €2, Cardinals 1-2
The Cubs ended their 12-

game losing string:in the.

opener bebind the three-tit
pitching. of Mike ‘Krukow.

Lee Smith came on in the
mnth toning and got Ken

’ Oberkfell to hit into a game-
ending double play afier .

Krukow gave up his sixth
and seventh walks of the

game.
The Cardinals took a 2-0

lead in the first inning of the ©

second game on 4 two-run

{tiple by Darrell Porter, but .
Leon Durham tied it with a

two-run homer in the
resumed July s.

o majo

RBI total to 20; driving in

six runs with two singles

“Srellever John Littlefield, 0-

“broke a5 te and boosted

the Reds to their fifth
straight victory over San
Diego this season. “
Astros 5, Braves 4.
Jose Cruz cracked a two
out, rum-ecoring single in
the top of the ninth inning to
give Houston the victory

after the Braves had scored |

Denny Walling singled
and Craig Reynolds doubled
with one out in the ninth off
Atlanta reliever Rick
Camp, 21. Walling was
thrown out at the plate oo a
bouncer to third by Cesar
Cedeno, but Cruz then lined
- his winning hit to right field ~
togive the Astros their third
“straight victory. Atlanta
ad st for Jn 0 raw, E

Pirates-10, Mets @ 2

dim - Bibby, 14, stopped
‘the Mets on five hits and the
Pirates buried New York
with five runs in the second
_ inning as they came up with
a ahutout for the second
straight night. ;, z

Gisats 3, Dedgers2? =

Vida Blue and Greg

lve, 32, atrack out four

and walked only two before

-being removed after a
single by Dusty Baker and
Steve Garvey’s one-out,
two-run homer in the ninth

“that cut the Jead to one run.
. Minton came on to grab
Na third save of te wesenn.

‘a Reve Rates 8 Zi a e