. private pension industry

Re ah

‘Sun Life to
leave if to

TORONTO (CP) — Sun
Life Assurance Co. of
Canada policyholders
voted overwhelmingly
Tuesday to move the
company’ 5 head office to
Toronto from Montreal.

The vate, including
policyholder proxies, was
more than 88 per cent in
favor of the move.

‘The vote percentage
was given in an interim
report by the scrutineers
at the meeting, attended
by about 800 participating

pileyholders, The com-
plete breakdown was to

released later Tuesday
at the meeting.

A last-ditch attempt by
the: federal government
and a group headed by
Montreal lawyer Richard
Holden failed to prevent
the move, first an-
nounced in January by

Sun Life
Thomas Galt, ;
The federal: govern-
ment, a policy alder,
announced orday it wag
voting against the pro-
posed move and urged
other policyholders to do
likewise. |

Holden had tried un-
successfully to obtain an
Ontario Supreme Court
injunction to have
Tuesday’smeeting
delayed for six months.

Holden said after the

president.

meeting that the action -

before the Ontario courts
seeking to invalidate the
move “will be in limbo
for a while and could be
activated at any time if
the company acts against

its forma¥ declaration ni

that the move is only a
paper move.”

Endangered Act
settlement’

shippi company
whlch throught 1,-200 tons
of sperm oil into Port-
land, ORE., last Sep-
tember and spirited it
away through Vancouver
has been fined $8,000 un-
der the American En-
dangered Species Act,
John ick,
okesman for the United
‘ATES National
Oceanic and Atmospheric
Administration, said
Monday.
- teeeatick said in a
hone interview from
le that an out-of-
prone settlement was
reached and the cheque
was received Friday.
“We think word is

golng to get around that

they can’t do this kind of
anymore,”’ he said.
Joseph John Boyles,
the captain of the British-
registered Stolt Liandaft,

- was charged after he

attempted to dock - the
ship i in Portland but was

officials.

Under the act, ships
carrying cargoes con-
sidered to be endangered
species: are forbidden to
travel within the three-
mile territorial limit.

Pedrick said low-level
officials in the company
may not have known that
the ship was not even
allowed to dock so the

overnment settled 1 for a

ne under the $10,000
maximum and avoided
court costs.

The ship docked in
Vancouver for several
weeks, still carryin
$1.2 million cargo, W where
the Greenpeace Foun-
dation, an environmental

protec tection group,
tened to block. its .

‘exit.

In late " January,
however, the oil was
transferred to the hold of

4 ‘Liberian-registered

tanker which left quietly

turned away by gustom, ywfor- Japan.

* wah.

Legislation will

improve pensions

Public criticism ‘of
company pensions is so
intense that governments
will soon legislate im-
provement represen-

tives of Canada’s §30-
billion
were told today.

“The momentum for
change is now so
powerful that a lot of the

big decisions will be

e (by the govern-
ments) within the next
few years,” said: Donald
Coxe, a member of the
Ontario royal com-
mission on pensions,
immense,” Coxe told
del ates at,a conference
c e industry's future.
” ovAnyone who thinks the

private pension system

can survive with band-
aids is either deluded or
ill-informed.”

Coxe said the royal

_ commission, which began

hearings in February,

has received more than:

300 briefs, many of them

criticizing ging. en.

sions and urging

Baie of ret provide the
of retirement in-

ne “said private pen-
sion’ are being attacked
for failing provide
adequate g sirenrent in-
come, for discriminating |
SP oh
por rom jo!
job, for’ es to offer
protection against in-
ation and for being too

licated for most —
penple to understand.
He

criticized the

badly. managing

Ealing funds’ and for
iling to give employees

Kelowna

‘i _ RCMP have identified

Audrey Jean White, 43,
and her. gon, Robert
Perry Graves, 21, as the
two persons fatally shot
Monday in an incident
outside. their. home,

‘Acting on tips from
neighbours, olice
arrested a suspect. within
about two minutes of the

‘

' increased

control over how the
money is invested. OF-
FERS NO SOLUTIONS

Yet despite these at-
tacks, the industry has

failed to come up with —

solutions, nhe said.
“[T am wondering why
so many well-intentioned

experts have: spent 8 so -

much energy defending
the system and so little
energy in devising im-
provements to it,” he

‘ said.

Coxe was § peaking to

about 350 delegates at a

two-day meeting of th
Canadian. Pension
Conference, an organ-
ization represen ting trust
and insurance com-
panies, actuaries, pet-
sion fund investors and
others in the . private
pension industry. They
administer a large part of
the more than $30 billion
invested from company
pension funds.

A large part of the dis-
cussions at the meeting,
entitled Decision Point,
centre on government
impact on the private
pension industry.

Earlier, -conference

president Keith Cooper
fold delegates the future
of the private pension
‘system is “‘hanging in the
balance” of a possible
government
role in providing
retirement income, —

prop was referring to
Pr toians from many

clans and organized .

ponresentatives to in-
crease benefits paid by
the Canada and Quebec

_ pension plans, which now

y, maximum benefits of
ist a month é

shooting

shooting and recovered a

‘ highpowered rifle from

bushes nearby.

lice 5 kesman
said about six shots were
fired during the incident,

ni
wT wae UPS AND

eign of the world’s'10

highest mouritains are’ in.

Nepal.

_ RCMP slain after

‘routine auto check

Constable Thomas Brian
King, 40, a seven-year
veteran of the RCMP,
was slain early today and
his body thrown into the
South Saskatchewan
River after he

a vehicle on a.

sto
sorte highway check,

Police told news

conference that a third -

suspect had been ap-
prehended in connection
with the incident. They
said earlier that two
Saskatoon men had been
taken into custody for
questioning.

King, originally from
Manitoba, served with
the force in SaskAtoon for
seven years. He is sur-
vived by his wife, Marie,
of Saskatoon and. thre
children aged 12, 10 and

"'Palice said the offe-
cer's weapon is missing.

An RCMP spokesman
said one male -suspect
was arrested in the city
and a second, who had
fled on foot, was arrested

by the RCMP at a-

roadblock about 5 a.m,
They released no
detaiis about the third

suspect.
All three are ex
to appear in co

today.

CRUISER FOUND
$.Set. Ron Lawford

said earlier that police

later

cted

were first alerted when
an abandoned RCMP
cruiser was found in the
early morning on High-
way 11.

said a. constable

d apparently was shot after

stupping a vehicle for a
routine check on High-
way 11 at Stat Street

about 12:45 a.m.
King, who had been
patro north of the

city, had been alone in a
marked police cruiser.
Police said he ap-
parently had been driven
‘om the highway area to ‘
the Queen Elizabeth
wer station, about six
ilometres away, where
he was shot and his body
dumped in the river. The
body was recovered a few
after the police
investigation begaa.

Intl alliances
for Natives

OTTAWA (CP) — The
National . Indian.
Brotherhood, the coun-
try’s most powerful Ihe
® dian political group, is
quietly building _ in-
ternational alliances that
could give it considerable
clout in its struggle for
self-determination.

Already a major foree
behind the World Council
of Indigenous People
(WCIP), the brotherhood
is participating in for-
ming an impressive, .as

yet unnamed, United-

States-based alliance.

It also is establishin,
relations with the Co
of Ener Resource
Tribes, a U.S. coalition of
25 tribes with substantial
coal, uranium, oil and gas

holdings. This group 1s
working to give Indians
greater control over their
Tesources and to use

- them for economic and:

political gain.
The unnamed alliance,
tentatively set to meet
next month in Denver to
make more formal
arrangements, is
designed to bring all
major Indian political
forces together against
government poici policies not
avorable to Indians. -
AIM INCLUDED
Included in the group of
10 are the
Congress of American

‘Indians, the international

Treaty Council, -the
militant American ‘Indian
Movement (AIM) and the

wealthy Navajo Nation.

whatever
your —
pit ch...

STRIKE |

Lee

TAKE A \ LOOK “AROUND YOUR

National ~

_ A spokesman for one of
the unions bargaining as

rt of a construction

Pdustry joint council
said Monday construction

workers w

seek a 15-

per-cent wage increase
and a 32-hour work week.

Sen Ita Nita RS

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THE HERALD, Wednesday, April 26. 1978, PAGE 5

Construction industry
after wage increase,

shorter week

Trades Council will begin
negotiating this week
with the Construction
Labor Relations
Association on behalf of
35,000 members of 17
construction unions in the
province.

This year is the first
time negotiations have

See

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been conducted on an‘:

industry-wide basis. The .

plumbers union is the
only union not included,
but a lumbers'
spokesman said Monday
e demands being
presented by the joint
y are similar to those
of his union. .
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