Page ¢, The Herald, Thursday, June 21, 1979

Lottery said a gold mine

OTTAWA (CP) —~ Lato Canada is Ike gold mine and Sport Minister Steve Faproskl thinks it should be

kept operating to extract as much money a3 possible.

The lottery ‘is making a substantial profit and it

Labor dispute continues

PRINCE GEORGE, B.C. (CP) —- The provincial labor relations board continued efforts today to settle a labor dispute at North Central Plywood Ltd. in which 300 employees walked out after

steward was suspended,

pen An officer of the board conducted separate meetings with the company and with Local 25, Pulp, Paper.and Woodworkers of Canada, which represents the employees,

The union said the shop steward was suspended because she left her place. of work at an unauthorized

e,

would be a good thing for us or the provinces to retain,’ Paproski said in an in- terview Wednesday.

The government remains committed to its election promise to get out of the lottery business and Paproski said he will discuss plans for the federal with- drawal with the provinces in August.

But, “I’m not sure whether we can give it to the

provinces, It depends on the °

funding we can

formula = (far amateur sports) come up with,”

Paproski also said he Is having second thoughts about giving any lottery money to help build or pay for hockey rinks in Quebec City, Winnipeg and Ed- monton. Last week he said he felt bound to fulfil promises by the previous Liberal government to support the three arenas,

He algo said he wants busi- ness to play a greater role in supporting athletes and universities to grant more athletic scholarships,

Asked how much he wants from the provinces to provide for national sports programs in exchange for Loto Canada, Paproski said: Well, I’m looking for as

much as I can get, I can’t put a figure on it. [ will ask for the maximum I can obtain.”

Studies by the previous Liberal government, which prepared leglalation to give Ottawa all’ Lote Canada profits, said sports would get $20 million to $30 million, Ottawa gets five per cent of the lottery’s profits under the present agreement with provinces,

Paproski said he is certain an agreement can he reached with the provinces. “Tf we give them a good deal, we expect them to give us a good deal,’*

The lottery has been-

dogged by controversy since its birth six years ago aa the Olympic Lottery. * Paproski sald last week that instead of terminating Loto Canada, the gavern- ment might want to continue it for six months to a year to raise the $14 million he felt

‘ bound to provide for the

three hockey rinks.

He said Wednesday that the more he thinks about the arena deal, “the more I wonder if it ia really necessary or should I maybe back off and talk to the in- dividual provinces and cities concerned to see if we can

sharing. the

resolve the issue in an amiable way out of the cash

‘flow from the provincial

lottery,"

Papreski said he blames former justice minister Mare Lalonde, not his predecessor Iona Cam- pagnolo, for the arena deci- sion, “It was a wrong

decision, we shouldn't’ be in

political sports,’’

He said he plans to discuss with Natlonal Revenue Minister Walter Baker whether tax changes could be made to allow businesses and individuals to deduct or

write off athlete support.

from their income tax.

Businesses want to become involved in support of Olymple stars of the future, Paproski sald. “We need the right people to merchandise sport.”

People in the fitness and amatevr sport branch and. businessmen with an interest in sports will be called'on to seek support in the private sector.

Tax changes could also benefit universitles and their alumni who want to set up athletic scholarships,

amateur,

PWA TOLD — NO

OTTAWA (CP) Paclfle Western, Airlines has been refused per- mission to serve Leth- bridge, Alta., on its regular flights .between Vancouver

and = Ed-

raonton. The Canadian transport commission ‘sald Wed-

~

nesday that introduction ¢

of one return flight a day by PWA would definitely improve service to an estimated 27,775 he:

passengers travelling

tween Lethbridge and ft

Vancouver,

“But it would do so ata cost of diverting sub- stantial passenger and cargo revenues from Time Air to Pacific

Western,'’ said the commission. Two return da lly flights by PWA woul

Time Air, now providing Lethbridge service, in serious jeopardy, it said,

-the trend is g

Car leasing up

CP)— More Ie are leasing cara rathes than buying sng and

VANCOUVER

rowing, so Robert Taylor, president the Avis car rental operation in Canada.

Taylor says 40 per cent of private motorists might be driving leased vehicles in 10 years, up fram 20 per cent®

‘today, excluding thoge with

companyowned cars. . Avis now operates three

" different car leasing com-

panjes and is enjoying good

‘ business, despite heavy

competition, he says. “Almost every car gales company of any size offers lease arrangements, so we have lots of rivals," he says, Avis ranks ‘third among Canada’s car rental operators, behind Budget Rent-A-Car and Tilden and

_ ahead of Host.

Published information on how the market is divided among the companies is Umited. The only facts are hy the federal ministry of transport and is limited to business at the

‘country’s major airports,

which accounts for more that half of the gross car rental receipts nationwide,

BUSINESS DIRECTORY

Avis took 18 per cent of the rental business Jaat year in

‘nine major airports, -

Taylor also says he wants the federal government to rewrite the bidding rules governing how airport car rental concessions: are awarded,

In 1976, the last time bids were made for concesslons, a massive mix-up occurred, There were multi-million dollar lawsuits, ‘night-time eviction raids by police, business losses and defaults on rents

- Categories for bidding were devised by transport ministry officials, One was an open category for forelgn- based operations, like Avis. There .were also restricted categories for small-scale and country-wide and wholly-Canadian companies.

Avis ‘nearly got bumped when. Tilden chose to bid in both the restricted and the

‘open categories and came

ahead of Avis.

After much squabbling and an attempt to forcibly evict Tilden’s airport counter staff, Avis was aliowed to stay on, ;

Taylor says the next time bida are called—this Oc- tober— there should be only

one open category for a companies wanting to serve .

the nine major airports. This”

‘would avoid double-bidding-.' :

by Tilden of any otter big :

Canadian operatar.. “te

Taylor says he would not oppose a reserved’ category. - being retained to protect‘ ” small Canadian operators *;. wishing to bid at any one:

airport.

The president: thinks the: ministry of transport has i sought too much from: operators: — accepting any": ts bids no- matter how un- : Teallstic they are. ue

“They charge fat rents for - counter space and for car . parking and then they want a share of receipts too, One company, eager to get into ~ the airport business, offered them 18 per cent af gross receipts.

‘—t can’t be done,” he says. “The company found out that it cannot be done and began defaulting on its payments."

Taylor says inits drivefor , cash, the transport ministry “ encouraged up to six * operators at one alrport, At United States airports, the most allowed are four,

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By THE CANADIAN PRESS

Corporate Wednesday, quarterly unless otherwise noted

AGF Management Ltd.,

: class B pfd., five cents, July - §, record June 27.

BM-BT _. Realty In- vestments, trust units, estimated 25.5 cents, July 31, record June 2. .

Canada Trustco Mortgage Co., 33 cents; 7% per cent pid. B, 36.25 centa; 7% per cent pfd. C, 99.75 cents; alt payable Oct. 1, record Sept. 7

dividends:

Equitrust Mortgage and Say-inga Co., dividend normally payable on com- mon shares in July will be omitted

PoP Shoppes International inc., 84% per cent lst pfd series A, 53.1 cents, July 15, record July 1.

Provigo Inc., 25 centa, Oct. 1, record Sept. 7.

Provincial Bank of Canada, 28 cents, Aug. 1, record June 29.

Scott Paper Ltd., 17.5 cents, an increase of 2.5 cents, July 31, record July 16. .

EARNINGS. | -

Marks and Spencer Canada Inc,, 13 weeks ended April: 30: 1978, $2,615,000,

loss, no share figures; 1978,”

$2,201,000, loss.

Mineral Resources Inter-

national Ltd, year ended Dec. 31: 1978, $847,628, 12 cents a share; 1977, $395,366, loss, no share figure, —; Ogilvie Mills Lid, year ended April 30; 1979, $16,543,000, $5.34 a share; 1978, $10,455,000, $3.36. . Seintrex Lid, three months ended April 80: 1979, $107,831, 12 cents a share; 1978, $73,773, eight cents,

DOLLAR

MONTREAL (CP) — US. dollar in terms of Canadian funds at 3:30 p.m. EDT Wednesday was up 7-100 at $1,1769. Pound sterling was Up 1.56 at $2,510, .

Tn New York, the Canadian dollar was down 1-20 ‘at $0.8497, and pound sterling was up 1,20 at $2,195,

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STOCKS

TORONTO (CP) — The Toronto hater nae was sharply er A close 0: active trading ‘Wednesday.

The TSE 300 index rose 8.09 to 1,582.21.

The market found renewed strenghth in ofl and gas Issues, which had been dropping shar rply previous two gessio:

“Volume was 5.36 million compared with 4.95 million Tuesday. .

Among industrials, Noranda Mines was up 3% to $438%, Dome Pete 2% to $49%, Canadian Occidental Pete 2% to $42%, Hudson’s Bay Oil and Gas 1% to $71 and Texagulf Inc. 136 to $28%.

Canadian Pacific was down 1 to $3144, Canada Malting A % to §331;, Hardee Farms seven cents to 83 cents, York Lambton five cents to $1 ana Van der Hout Associates % to

Placer Developments ad- vanced 2 to §33%, Roman Corp. 14 to $3244 and Brenda Mines 1 to $19%. Camflo Mines declined % to $154.

Ranger Oj] Canada gained

1% to $30%, Numac Oil and

Gas 1% to §39% and Chief-

tain Developments 1% to

os. Skye Resources fell % to $634.

(CP)

VANCOUVER

Prices were mixed in active .

trading . Wednesday as 3,627,913 shares changed hands on the Vancouver Stock Exchange.

Advances held a_ slight edge over declines as 116

the

issues went up, 102 dropped and 163 were Unchanged:

There was heavy trading among resource issues as New Cinch Uranium was the most active stock on. the exchange and dropped five cents to $1.55 on a turnover of 693,200 shares.

Cima Resources Ltd. - gained .16 to 95 on 252,125 shares, Liberty Petroleums dropped 08 to $2.40 on 148,000 shares and SNA Resources added a nickel to.93 on 97,081

’ shares,

‘Among other resource tra- ders, Mountaineer Mines’ gained .03 to .0 and Rio Plata Silver Mines added .11

to .98. .

Auto Marine Electric led industrial traders and was unchanged at $6.50 on a trade of 10,109 shares, Taro In- dustries remained at $3.70 on 7,600 shares, Austin In- vestment Corp. was un- changed at .75 on 5,000 shares and Goldale In- vestment A gained .35 to $5.25 on a turnover of 4,600 shares.

Northway Gestalt was un- changed at $1.50 and Growe Mountain was steady at .90.

Ronrico Explorations led curb traders and added 08 to $1.03 on 54,600 shares. Santa Sarita Mining gained .(2 to. .74 on 39,-900 shares, Bianca Resources rose a quarter to $2.70 on 32,300 shares and Trans-Pac Ventures gained 13: to .80 on 30,000 shares.

Meridian Resources dropped .09 to .32 and Cusac Industries was steady at

1.25,