UNION OF CRITISH COLUMBIA MUNICIPALITIES: ;

- gharing = by senior Govermnents with municipalitie
stantly increasing pressures on the property taxpayer.

y,

ackipe acne

ead

204 - 604 BLACKFORO STREET. NEW WESTMINSTER. B.C.

Ste & :
Nee ewe
~ ¢ 0 L

JAN 13 1975_
January 10,1975.

PHONE 526-4447 AREA CODE 604

TO: ALL U.B.C.M. MEMBERS
FROM: EXECUTIVE DIRECTOR, U.B.C.M.

Dear Sirs:

An announcement today from Premier Barrett gave details of a proposal he
will make to the Federal Government for the sharing of revenues received

fron the sale of natural gas production from B.C. wells.

Briefly, the Premier has proposed that the export price be increased now to

$1.35 per thousand cubic feet and to $1.93 later, and that the additional
revenue received (over and above the current export price of $1.00 per thou-
sand cubic feet) be shared equally between the Federal Government, the Pro-
vincial Government and B.C.'s municipalities.

If this proposal is accepted by the Federal authorities, it will indicate re-

cognition of a basic principle which the U.3B.C.M. and the Canadian Federation

of Mayors and Municipalities has consistently advocated ~ that of xevenue
g ~ to alleviate the con~

After being advised of the Premier's proposal, U.B.C.M. President, Mayor Kay
Grouhel sent the following telegram: ;

"P-emier David Barrett,

Parliament Buildings,

Victoria, B.C.

ALL municipalities in British Columbia will welcome your announcement
today regarding proposal for three-way sharing of resource revenues.
Tis ig a most important step and one which will be of coasiderable
assistance to all local governnents ana to the people they serve."

a)