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,