z

One

Pan em ee ee ee te wt

., Investors seeking ex-
‘ posure to the lucrative forest
products area have few .
stocks to choose from t now | “Mackillen Bloedel Ltd.,

Page 2, The Herald, Tuesday, March-24, 161

Forestry war has. two: sides.

INTRODUCING

4832 Lazelle Ave.

FEATURING:

and. two

-6772 .

bedroom Luxury
-Fireplace In every unit. -
-Dishwasher, Fridge & Stove Included. Ls
-Bright, large Bay Windows with color co-ordinated ° @
drapes.
-Undercover parking.
-Central Location
-Contralled Entry
Spacious open beam bedrooms ‘with En Suites.
-Grand stalrease and bright halls.
-Ground floor apartments with Private Gardens.
-Ceramle filed kitchen fioors & bathrooms. ~
Cablevision hook-up avallable.

WOODGREEN APARTMENTS :

Rental Applications are now being
taken for occupancy March 1, 19h.

that the corporate bidding
war has rolled aver Abitibi-
-Price Inc. and is threatening .

‘

To view or for further information call
Mr. William Saumure at

says a Winnipeg analyst.

* In a recent report, analyst
Royden Richardson said the
impact of Olympia and York
Investments Ltd.'s

felt most by investors
seeking newsprint exposure,
| _ As the world's largest pro-

_ Gucer, the Richardson Secu-

3 . "Fides of Canada analyst said, .
‘Abitibi offered the: most
5 direct exposure to lewsprint

of any public Canadian
company until Olympia and
York acquired more than #0

“month. =
- The offer. bumped out

Rother bids for control of
S Abitihi by Federal Com-

merce and Navigation Ltd,
NuwWest Group Ltd. and
Thomson Newspapers Ltd.
. Based on closing prices the
day before the Olympia and

5 York ‘offer took effect,

Richardson said, there’ was
approximately a $2.7-billion

? share float available to in-

vestors seeking positions in
the major forest product
companies.

acquisition of Abitibi will be’

per cent of it under a $92-a-

a | share offer earlier” this
units... ¢

The Abitibi purchase

~ removed about 22 per centof

this float, freeing about $600 ° Mumm

million, Richardson said. “:

Richardson said some of :
‘ this money can be expected -

to find its way back into the
forest products sector, and
“we have concluded that
ConsolidatedBathurst and
Great Lakes Forest
Products dre the most ap-
propriate substitutes for in-
‘yeators seeking newsprint
exposure.”

Richardson said he based
his recommendation on a

favorable. .outlook for
newsprint “and the
probability that the

Canadian doltar will remain
in its depressed state for a
Jonger period of time than is
generally perceived.”

Four other companies —
MacMillan Bloedel Ltd,
Crown Zellerbach Canada,
B.C. Forest Products ‘and |
Domtar Inc. — also have
newsprint exposure, but only
Great Lakes and Con-

solidated-Bathurst approach Steamship Co.'s

Thirty-four cadets fram Terrace, joined by.

12 sea cadets from Kitimat left Saturday,
March 21 for a five day citizenship tour

which will include visits to the Victoria

Legislature, Royal Roads Military College,
and Canadian Forces Base Comox.

NDP say Socreds

VICTORIA (CP) — B.C,
1080

the same proportion of sales operating loss of $4.7 million

generated from, newsprint.

confirms the CRross ine

SINCE
1938

GORDON & ANDERSON’S ANNUAL

PRE-INVENTORY SALE

The end of March is our year-end and Jim and Gwen would sooner sell their stock than
count it, so they're offering you super savings on all merchandise in stock.
BELOW ARE A FEW EXAMPLES OF THE TERRIFIC BUYS AVAILABLE NOW!

Admiral 30°”
Self Clean

—Eleciric Lock .
-~Kitchen Clock ;
—Vari-brall oven control
—Timed appliance ouilet J...
—Tinted oven window . °

$650

Almond ’

Delivered

| Admiral 15cu.
Frost Free Refrigerator

our Regular
Price $669.00

—Twin crispers
—Meat keeper
—8utter conditioner
—Slide out shelves
—Free or shell,

White Only
Oelivered

$760

Vo PRICE

LAMPS

Va PRICE

—?-

—F

washing cycles

leach dispenser

Wé74
Dellvered

$610:

General Electric
2 speed Auto Washer

—Dalyxe push button controls
—Minl wash
—5-water temperature combinations
—infinite water level

—Fabric softener dispenser

Our Reguiar
Price $479.00

General Electric

ioe] drying cycles
—Ailtomatic permapress & cottons
...' ‘=< heat selections plus tluff
.., inter tor deum light
—Drying rack (for sneakers etc.)
*. =Up front lint fitter

Auto Dryer

ps7e
Delivered

| $469

competence” shown by the
Social Credit government in
its handling of the Princess
Marguerite fiasco, New
Democrat Charles: Barber
said Monday,
The company’s annual
report, tabled in the
legislature by ‘Tran-
sportation Minister Alex

” Fraser, shows the govern-

ment's mothballing of the
popular “Maggie” and

replacing it with the smaller

Victoria Princess and a
jetfoil service on the Vic-

’ toria-Seattle run cost the

Crown company dearly.
The loss, which included a
$1.9-million lease fee paid to
B.C. Ferry Corp. for the Vic-
toria Princess; compares
with a $444,000 operating
profit the previous year.
Combined with a deficit of
$1.67 million at the beginning
of the year, the loss leaves
the company with a deficit of
$8.59 million as of Dec. 31.
Barber, a Victoria MLA,
said the loss “confirmed our
worst suspicions," adding
the statement doesn’t in-
clude losses for the jetfoil,

incompetent

which he said could amount
to’ another $2 million. The

jetfoll figures will be in-

cluded in the B.C.
Development Corp.’ report.”

The 57-year-old Princess
Marguerite was pulled’ from
the run in January, 1980,

Since then, a more ex-
tensive investigation by
international shipping ex-
perts, including Lioyd’s of
Lendon, has concluded the
vessel can be restored. After
undergoing a nearly $5-
million refit, the vessel will
return to the rurr.

; ‘eo iServ ing Fine Feods ?. days a weeks
.., Breakfast. funchand dinner:
635-6002

‘SLUMBER Lovee

act

CHAN 13

: Carol Burnet
aig | & Frlends
rag «6 P RING S

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MLA.5.H.
AAA,S.H.
TK Evening

‘Sterthy
& Hutch
Steraky
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Les .
Plerreteu
Frontieres
dy Conn

KING 5.
Howes,

‘| NBC Nightly
News

Va PRICE

PICTURES:

apna

a"

R.C.A. 26°’ Console Remote

The Villa GER&SR ChanneLock Remote Control In a traditional-

styled console cabinet. Classic Pecan finish on select hardwood

solids and hardboard: simulated wood trim. Concealed casters: H-
(88.9cm),

(76.8cm),

Ww.3s"'

GE A BUDGET
ACCOUNT ON
APPROVED
CREDIT «
we

D.21%"

“Our Regular
Price 8104.00

(57.5em.)

R.GA. 144 Color T.V.

—Black matrix picture tube

—Solld, stete VHF & UHF tuners
—# watts power consumption

Our Regular .

949 $429

GORDON 7/4 ANDERSON LTD.

FURNITURE & APPLIANCES —

j ea Ps
Hetel

H LAKELSE AVE. 3

DELIVERY—NO CHARGE
TERRACE—REMO— -
THORNHILL —KITIAAT