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| ate Social Credit government
j,, duced new mining legislation
ie tiday which pays in full its
‘4 to the large mining cor-
St December's election.
E by mining minister
i"

ii

ieation — known as Bill 57 and
30 — gives the mining industry
: It wants. Essentially the new

'Slation does three things:

M Waterland, the new
at

)
|
¢

Ve reduces mineral royalties
bol the mineral land tax and

4 ces them with a 17.5 percent
profits.

t arranges taxes new mines
to pay in such a manner that
€nd result is that new mines
et have to pay any taxes at all
i 8 the first few years of
tation.

* Ministerial discretion from
| aaa new mines is completely
},. Ved so that mining companies
a a free hand once a lease is
the and they are not ac-
, table or subjected to controls
I¢toria.
gen oval of mining royalties has
ha. ue of the major*demands of
,, Ming industry. This has now
ap etanted under Bill 57. This
tag B.C. the only province in
foyer Which will not collect a
Thep Y on its mineral resources.
ih, © Vill now be no obligation on
4, bart of mining companies to
MW; Cf using public resources,
ay § companies will only have to
8 tax on profits, and are thus

ie

cae of the province’s natural
Urces,
any other deductions granted
Ming companies will further
Ee their profits and reduce
he UUeS to the province. In fact,
Ihe .-2€S minister, in introducing
a legislation, admitted that
My TeSult of this legislation
Clal government revenues
he, ining will drop in 1977, but
Suld not reveal by how much.
yay dition to doing away with
ahi Y payments, mining com-
SS will be allowed to deduct the
» -0St of putting a new mine
Production, including con-
gn, ON and equipment costs,
income from the mine.
Ph. save them millions of
il) and means that the public
hm, t. fact subsidize mining
8nies to construct a new mine

hen 2Y for their mining equip-

tr

Lo leILCLLTULIN OU NM) AAA aetna

ONE WEEK TO GO
—and $5,000 to raise

With seven short days left in the 1976 financial drive we are
still nearly $5000 away from our goal of $40,000. Now is the
time for that one final effort from all readers and press clubs.
With a final push we can go over the top and challenge last
year's total. There's no tomorrow, so do it now.

3 @
to minin
By MAURICE RUSH

ations for their assistance in

fy tteed a sure thing at the .

See you June 19 at

PT VICTORY BANQUET

7

t pays debt

Batted nn athl Pita lt 4 anemia i i he an ee anal - ulah te

Trudeau Trident
stand protested

g corporations

Also, mining companies will be
allowed to deduct $4 from overall
company income for every $3 spent
on exploration in B.C. This is called
“earned depletion’? and it means
that not only will the public pay the
mining companies to explore for

new mines, but also pay them a 33- :

1/3 per cent bonus ($4) for every $3
spent in exploration.

The B.C. mining industry, which
is dominated by the CPR and giant
multi-national corporations, hailed
the new changes with enthusiasm.
Boasting of his services to the
mining industry, mines minister
Waterland, a mining engineer by
profession, told a press conference
in Vancouver last Friday, that, “‘I
became involved in politics to
change the mining royalties and
the ministerial discretion clauses
in the mining legislation — and
that’s what I’ve done.”

A sharp repudiation of the new
legiislation came from Monty
Alton, B.C. and Yukon area
supervisor of the United
Steelworkers of America. Pointing
out that the legislation will not
solve the problem of a depressed
world market for many minerals,
Alton said a tax based on profits
will simply enable mines to pay
minimum taxes.

Alton said there is the problem of
definition of a profit. ‘‘For
example,” he said, ‘‘a company
with a copper mine could sell the
copper to its own concentrator,
deflating or increasing costs ac-
cording to its own whim.” :

He pointed out that profit taxes
can easily be manipulated,
especially by multinational
corporations, who will be able to
ensure that they never make a
profit at their B.C. plants. Instead
they will collect it elsewhere,

sccuansamoris mansoni
NANAIMO CLUB

PT VICTORY
CELEBRATION

Salmon Barbecue i
SPEAKER

Sunday, June 20th—1 p.m.

Walter and Grace Tickson’s Place
345 Jade Ave., Nanaimo

Phone 758-6854
753-0017
754-2666

where the profit tax doesn’t apply.
‘A profit tax is pretty phoney,” he
said, adding that the NDP was on
the right track with its royalties
tax — where companies paid for
what they took out of the ground.
“Profits are a pretty slippery
issue,” he added.

The new mining legislation
represents the most sweeping
handout to big business since the
reelection of the Socred govern-
ment. While the Bennett govern-
ment wages war against people on
social welfare, claiming it is going
to end handouts to the destitute —
the government is handing out
public funds to the mining cor-
porations in the most scandalous
manner.

Still to come up are changes in
forestry legislation, which are
awaiting the report of the Pearse
Royal Commission. But if the
Socred government follows the
same pattern, major concessions
will also be made to the province
forestry giants under the pretext of
“setting the economy moving
again.”’

VICTORIA — Prime: Minister
Trudeau, in a letter to the Victoria
Survival Committee, which
sponsored a recent petition against
the Trident sub base, defended the
building of the base by the US.

In his letter, which was in a
response to the petition signed by
1,236 Victoria citizens, Trudeau
says the only way to protect
‘‘western interests” is to ‘‘main-
tain the present balance of nuclear
deterrent.’’

The Canadian government, he
says, is convinced that it ‘‘could
not be in Canada’s interest to try to
convice the U.S. government to do
away with the Trident submarine
program ...”’

Freda Knott, one. of the
organizers of the anti-Trident
campaign here, said the Canadian
position on nuclear weapons as set
out by Trudeau’s reply to the
petition is ‘‘absolutely ridiculous.”
She said the U.S. has much more
overkill than the Soviet Union and
that ‘‘having even more overkill is
not going to serve any good pur-

pose.”’
Mrs. Knott said that Trudeau is
being ‘‘pressured’’ into this

position by existing military
committments: ‘‘Canada is, after
all, amember of NATO, and he has
his duty. to the military and
business interests.”

Instead of continuing with the
Trident petition, said Mrs. Knott,

peace workers under the direction
of the Victoria Peace Council, are
currently involved in the campaign
to gather names on the Stockholm
Appeal.

Pointing out that the Stockholm
petition calls for an end to the arms
race and a stop to the use of all
nuclear weapons, Mrs. Knott said
peace-loving Canadians have to
oppose not just the Trident bases,
but the whole arms _ build-up.
“Trident is one symptom of the
disease.”

CORRECTION

The gremlins ran amok on
several pages of last week’s
Tribune leaving a number of errors
in their wake.

Our apologies, first, to Dorothy
Morrison who was mistakenly
identified in the caption under the
picture on page 2 as Dorothy
Thompson. :

Other cases of mistaken identity
occurred on page 3 where the
photos of Barbara Rogers and
Frene Ginwala were interchanged
during final page makeup. Bar-
bara Rogers is the author of Divide
and Rule while Frene Ginwala is
the representative of the African
National Congress.

Finally, the

head of the

delegation to Habitat from the
USSR is G. N. Fomin. He was in-
correctly identified as V. Famin in

Agriculture minister Eugene’ Whelan had to beat a hasty retreat last

last week’s story on page 1.

Thursday when he was pummeled with dried milk, butter and liquid
milk when he tried to address Quebec farmers demonstrating in Ottawa
against cuts in milk prices by the federal government.

CLASSIFIED ADVERTISING

eA i a A a i, ea i a ee a Ns a tm i an am aS a i to

BUSINESS PERSONALS

HELPING HAND — Moving and
light delivery — Antiques,
pianos, kitchen appliances,
demolition and construction
clean-up, also garden services.
Phone 929-6833, 980-7318 or 738-
0251.

RON SOSTAD, Writer-Researcher.
Ph. 922-6980.

READERS IN BURNABY wishing
to contribute to the P.T. financial
drive. Cash, contest tickets or
banquet tickets phone 526-5226.

MOVING? CLEANUP — Wanted

articles for resale. All proceeds:

to P.T. Phone 526-5226. “THE
GOODIE BIN.”

COMING EVENTS

JUNE 12 — Saturday, June 12th
A.U.U.C. KOBZAR ENSEMBLE
— HUTZUL NIGHT. En-
tertainment, food, dancing,
refreshments. Films at 7 p.m.
Cabaret at 9 p.m. Admiss. $3.50
— In Ukrainian Costume $3.00.
A.U.U.C. Hall, 805 E. Pender St.

JUNE 12 — Saturday, June 12,
Social Evening at 12089 Laity St.,
Maple Ridge, 8 p.m. Refresh-
ments. Adm.: $1.50 0.A.P. $1.00.
Proceeds to P.T.

JUNE 12th — SOCIAL EVENING,
SATURDAY, JUNE 12th at
Dorothy Lynas, 832 Calverhall,
North Vancouver at 8 P.M.
Picture showing of ARMENIA
by HAL. GRIFFIN. Food and
refreshments. Adults $1.50,
children 75c. Everyone welcome.
Proceeds to P.T. financial drive.
Spons. North Van Club.

JUNE 13 — Sunday, June 13th
RUSSIAN CONCERT and
BANQUET. Concert at 2 p.m.,
Banquet at 4:30 p.m., Russian
People’s Home, 600 Campbell
Ave. Everyone welcome. Spons.
bY2.B-R.G.

WANTED

VOLUMES 4, 5, 6, 10, 11, 12, 13 (or

complete set) Collected Works of
Joseph Stalin. Phone Bill
254-9907.

‘HALLS FOR RENT

RUSSIAN PEOPLE’S HOME —
Now available for rentals. For
reservations phone 254-3430.

WEBSTER’S CORNERS HALL —
Available for banquets,
meetings, etc. For rates: Ozzie,
325-4171 or 685-5836.

UKRAINIAN CANADIAN
CULTURAL CENTRE — 805
East Pender St., Vancouver 4.
Available for banquets, wed-
dings, meetings. Ph. 254-3436.

FOR SALE

ARTICLES for sale. We might
have something you need. Try
us. Proceeds to P.T. Phone 526-
5226.

WE ONLY HAVE 4 Coloradé
Spruce trees left — four to five
feet high. Bargain price $7.50
each. Proceeds to Tribune Drive.
Phone 585-2935.

PACIFIC TRIBUNE—JUNE 11, 1976—Page 11