hing countries are no longer tent to be exporters of FAW. materials and are in on a er share ing ocis market, a World trade seminar was Tues! fMitona Santiaplllai, n.of the Sri Laka pvelopiient Board, ea Fealities of the developing world and take advantage of the de of structural change for the benefit of both the developed and developing countries, “The return on in- vestments, - technology transfer payments and Tnanagement fees have been - shown to yleld high returns - feos ‘will bring ae ‘eompanies that have . industrialists * in "from developing’ countries for a more table share in the value iattelr primary com- : Hees. ing the general as- ‘sembly of the World Trade Gentres Association, San- Uapillai cited a study of 11 commodities ex orted. by ‘Peveloping countries. : bpd four-fifths of . export trade in'the fact form’ of those commodities want to developed countries, he sald. CA typical example is cocoa, in which developing ‘countries hold 100 per cent of the cocoa-bean market but fothing of the market in chocolates, he said. e Santlapiliai also. cited bauxite and said developing countries account for 80 per gent.of the export market in raw ore but only 5.2 per cent of. the aluminium market -and ‘none of the aboniaiun plate market.” ‘Apart from wanting a More equitable share in the value earned in commodity trade, developing countries “have the compelling’ need for. finding “employment opportunities, ‘and therefore processing becomes a high- priority development pirategy for them,"’ he said. “AYE ia. portant that the developed countries see the emerging ‘Vehituréd out in recent years -to collaborate in certaln deveroning. countries in the of faw materials Santlapillal saida ‘mimber of developing countries have already adopted policies to promote "export-oriented ventures” and are willing to provide a wide range of — ’ frcilities to foreign com- panies to establish export industries and processing plants. - “Interesting opportunities. -for collaboration are ‘emerging in the developing countries because ba vugh priority they are assigning export promotion and the consequent attractive in- centives they are offering to foreign en - Andrzej Horoskiewicz, economic adviser to the | Polish Chamber of Foreign Trade, told the 125 delegates year that manufacturers in his. country import 25 per cent of their neéds from deyeloping countries Overall trade between Po land and developing coun- tries was twice as great in 1977 as it had been four years earlier, he sald,. and last year it had further In- creased. “Vast possibilities exist for joint action in the field of developing natural resources in Third World . - DIVIDENDS [ corporate dividends , ‘Quarterly unless OP Canda Ltd, 16 cents, an increase of three cents, duly 27, record July 13. Bank of Montreal, 34 cents, an increase of three cents, Aug. 30, record July 31, Photo Engravers and Elec-trotypers Ltd., 65 cerita, Sept. 1, record Aug. a. 3S : Arbor Capital Resources ‘Inc., six months ended April ‘Bo: 1970, $258,317, 12 cents a .thare; 1078, $245,093, 12 cents. - Bartaco Industries Ltd., six months ended March 31: 1978, $608,000, 24 cents a share; 1978, $589,000, 23 cents. Bushnell Communications Ltd., nine months ended May 91; 1979, $1,843,719, $1.07 a share; 1978, $1,603,302, 87.5. cents, ~ Elke Stores Ltd, 62 weeks ended Jan. 27: 1979, $256,000 3% cents a share; 1978, $624,000, 84 cents. - . TransCanada Resources Lu, alx months ended April 30: 1979, $442,383, six cents a share; 1978, 9275,542, four cents. . DOLLAR MONTREAL (CP} — US. dollar in terms of Canadian funds at 3:30 pm. EDT Tuesday was down 1.08 at $1.1621, ‘pound sterling was down 1.73 at, $2.4939. In New York, the Canadian dollar was up 7#100 at $0.8605, and pound sterling waa Up 1-2 at §2.1460, | ‘STO CKS “TORONTO (CP) — The Toronta stock market was moderately lower at the of active trading Tuesday. \ *. The TSE 300 index fell 3,71 to 1,509.28, . The drop followed in- dications that the Organization of Petroleum Exporting Countries will- establish an official price of about $20 a barrel. “Volume was §.01 million compared with 4.78 million Monday. Amon industrials, Dome Pete fell 1% to $4856, Gu Canada 1% ae Ha Ashes orp. Eastern Provincial Airways 1 fear Federal Pioneer A "Fale e Nickel rose 2 , Noranda Mines 14% to . "Canadian Pacific % to $32%, Doman industries 5 to $0% and Simpsons-Sears A % to @. Highmont Mining lost 1 to $8%, Dome Mines 1 to #45 and Teck Corp. A 34-to $1344. United Slscoa Mines gained 1 te w% and McIntyre Mines % to Teal Pete NA was down i fo $28%, Canadian Reserve Ol and Gas % to $10 and Numac % to $8. Great Canadian Olland Gas was up 1 ta $19% and Francana 5% to $18%. VANCOUVER (CP) — Prices wera mixed in active trading Tuerday on the Vancouver Stock Exchange - with a volume? of 3,084,002 shares at close. In the industrials, Balco Industries was up 1-2at §143- ‘on 27,200 shares and N. B. Cook Warrants was un- ‘changed at .25 on 7,200, Proflex was unchangedat . 14 countries, . creating new industries to process avail- able raw materiala and using in Poland the raw materials or products obtained from those countries." John Raven, director of the London World Trade Centre Association, said many developing economies have been misled by the post-war. concentration on industrial development without corresponding emphasis on tra ex- pertise, Much has been sald about transfer of production, Tesearch and marketing ‘technology but little about ‘the transfer of trade. technology, Raven said.. As a result, developing countries have suffered port More grain moved OTTAWA (CP) — The Canadian transport com- mission said Tuesday that 275,613 rail cars of grain were unloaded at Thunder Bay, Vancouver and Prince Rupert for the first 10 months of the current crop . year, an increase of 3,165 cars or 1.2 per cent from a. ago. yerhe number _ of cars N ew. countries want share. toronto (CP) — Devel: ‘ congestion and. price . in- flation because they lacked the expertise to buy, “tran- sport and handle large. purchases from unfamiliar suppliers, -he said. Peter Drew, chairman of the World Trade Centre of London, sald Britain | is ’ spending more per capita on ald to developing countries ” than is the United States, West Germany or France, But he said the general concept of the Thi d World is misleading and sometimes patronizing. “It would be better to turn our minds to helping in- dividual countries, which from time to time require help, and dropping the concept of regular rounds of annual handouts.”’ « ° - represent 17.2 million tonnes of grain, an increase of 226,155 tonnes from the previous crop year. Thunder: Bay unloaded. 164,077 cars containing 10.1 million tonnes, an increase of 1,618 cars or 226,155 tonnes over a year ago, The west coast reported 140,-696 cars with 7.1 million tonnes of grain. BUSINESS DIRECTORY the newsletter sald. The OIL SALES CUT .LONDON (AP) — Oil companies in the British sector of the North Sea are cutting back on sales [ to the United States, it was confirmed in Landon OTTAWA (CP) — The DC- 10 airliner troubles may influence the country’ billion ‘fighter aircraft competition, Defence Minister Allan McKinnon in- dicated Thesday. Monday. - s There was some dis- ee innen sald to eel agreement, however, rs government wi want to know whether Mc- Donnell Dougias, the -DC-10 manufacturer, can meet its commitments to build a fighter plane for Canada. - over who is cutting back and on whose orders, London Oil Reports, an independent newaletter on the petroleum in- dustry, said large redue- , “Hf this were toend up with tions in North Sea exports 4 mulli-billion law suit and if tothe U.S. were ordered they were found liable, it Prime Minister might shake the foundations Margaret ‘Thatcher’s,| the company. That would government because it Indicate to us that we would wants to keep more oil for need some certainty of them ‘home consumption during bine able to produce the the world shortage. Since most North Sea experts go to Britain’s. Common Market part- ners in Europe under community agreements, : the. cutbacks must be concentrated on the U.S., McDonnell Douglas and General Dynamics, were selected as finalists in the competition by the previous Liberal government. He also said Brig.-Gen. Paul Manson, head of the government's fighter project team, is still talking with McDonnell Douglas about decision may undermine this week's Tokyo economic summit . the industrial benefits the 8 $2.3. Two American firms, - The Herald, Wednesday, June 27, 1978, Page § company is Canadian industry offering in ex- change for the fighter: contract. ; McKinnon sald he found McDonnell Douglas would provide close to the 130 fighters Canada wants as a minimum while General Dynamics was several fighters over that target. The General Dynamics F-16 is considered cheaper than the McDonnell Douglas F-16. ‘ When McKinnon was In opposition, he questioned using the single-engine F-x in North America where fighters muat fly over long distances, But he said Tuesday the plane is “still in the race” despite criticism of the F-16 engine, When he was in opposition, McKinnon also indicated he saw some advantages in buying two planes — one for North American defence and one for forces in Europe. The Liberal government wanted only one because Barney, Danson, then defence” minister, said the costs of maintaining two different types of aircraft are toohigh. . DC10 problems said something to consider Now the Conservative minister says a two-plane. purchase is "pretty remote,"’ He had looked at the extra costs involved in maintaining two aircraft and they were high. However, MeKinnon sald he has not yet decided whether to stick with the Liberals’ clfoice af the F-16 and the F-19. But the new government still intended to select the winning aircraft by the end of the year. The McDonnell Douglas F- 15, one of the moet sophisticated fighter in- terceptors in the world, is being considered again but “uying this plane is “remote possibility,” the minister said. He indicated McDonnell Douglas has told the govern: ment it can have about 130 F- 158 if it does not require pilot training to be done in. Canada. Pilot training facilities are expensive. 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