acre WEDNESDAY, AUGUST 14,1974, | th f i ll nm nyt Hdl f } fiji mig Pah ul . Kendal Mining and Exploration Report | PROPERTY ACQUISITION Your directors are pleased lo report that your company has been fortunate to acquire 16 minera! claims stratigically located in the Bonnel Plume area, Yukon Territories. During the summer of 1973, a substantial discovery was made by Barrier Reef Resources Lid. at the headwaters of the Bonnet Plume: River, 120 miles nor- (theast of Mayo, Yukon Territory, causing widespread excitement andclaim staking in the area... Barrier Reef has just. recently reached an agreement with -Brinco Limiled whereby Brinco has agreed lo purchase 950,000 shares of Barrier at $3.50 ° per share which will provide $875,000 Lowards exploration of Barrier's property in. the “Bonnet Plume area. The claims acquired by Kendal adjoin to the. scuth those of Cypress Resources: Lid. - another company which has made a significant. find and although only limited work has as yet .- been done some surface sam- ples from the Cypress property have. returned excellent zinc assays. - CONSULTANTS * RECOMMENDATIONS “The Kendai claims appear to cover the lower contact of a carbonate formation thal. is a favorable host for stratabound zine. mineralization. On lhe ‘adjoining claim graup owned by "Cypress Resources Ltd, the zinc mineralization in this unit has been traced along strike for 93/000 feet.” Approximately 1 mile‘to the northeast, Barrier Reef Resources Lid. have located ‘a: stratabound, pyritic, jead-zine’ mineralized. zone in this dolomite unit. The com- ‘pany’s consulting’geologist, Mr. Gordon .C; .Gulrath,-’ B.Se., PEng., has concluded that the claim group should be explored sin detail-considering the. close proximity. to: known zine 00-: surences and favorable geology ‘ior potential stratabound zinc - minerstizalion.. A two slage program has been recom- “qmended - the first phase lo % consist of geological mapping, = geochemical soil sampling and * an electromagnelic survey and "the second phase (o consist of -* diantond drilling. A’ contract - 3 has been let for the first phase 7 mediately and it is management’s intention to immediately inform shareholders as news is received from the property. POLICY CHANGES Over the past few months several significant changes - _have occurred within your company and your directors feel thal this is an opportune time to review these develop- ments, Unlil ‘recently - the management of Kendal has concentrated ils efforts towards the . acquisition and - develop- ment of potential - mining pioperties within British Columbia. In the Spring of this year mining legislation was enacted in -B.C. which has created disastrous effects on the ‘mining industry of this province. Your directors have spent considerable time reviewing your, company's position and came to: the decision thal all mineral claims held by the company in’ B.C. should be relinquished, Sub- sequently it was considered only ethical ta, Lemporarily withdraw your . company’s ‘shares -from trading on the Vancouver Stock Exchange. until other potentially profitable . ' ventures could be initiated. NEW AREAS OF INTEREST Agreatdealof lime ‘andeffort has been spent in reviewing what direction management should take to develop Kendal into a profilable public vehicle. ft was. concluded that your company «should continue to review. mining situations provided the properties con- cerned were located outside B.C, The first important ac- . complishment in this direction has been the acquisition of your company’s claims in the Yukon “Territories which your direc- -tors are confident will prave to ‘be an important step in your,, “company's program-lo actival ~ its interests inthe .mining ij “ dustry.’ In endeavoring lo build’ ihe: company into a public Vehicle which will offer par-- ticipation in all segments of industry. management has recently reviewed many possible acquisitions in the light manufacturing and service ‘oriented companies and further information pertaining lo these _ developments will be for-. ; ‘Totem Ford Sales Limited in late September. The | Mercury Monarch offers compact-car size with the . President Bill de Jong of Terrace Totem Ford Sales Limited is pleased to announce that the newly designed Monarch will be available from Terrace . attractive design, quiet, smooth ride and high level of standard features normally associated with more expensive standard-size models. The :body struc- ture, suspension systems and sound package for all Monarchs are designed to reduce road noise, vibration and. harshness while providing precise handling and maneuverability. The power team for the Mercury Monarch Ghia is the thrifty six-cylinder 950 cubic-inch: engine and three-speed manual transmission. The 302-V8 and 351 V8 engines are optional, The Monarch, which will be introduced in late September at Mercury dealerships across Canada, will-not require a catalytic converter and will operate with optimum .driveability and fuel economy on any type of gasoline - regular, premium. and unleaded. (Publicity Feature) PW Airlines Report increase: weighled average effective prime rate first: six months 1973 - 6.44 per cent. For the same period in 1974 the weighted average effective prime rate was 10,06 per cent for an increase of 56 per cent. Notwithstanding’ “these fac- lors; operating expense a5 a percentage of revenue’ in- period of 1973 of $35,987,000 for. creased only 3 per cent from 84. an increase of 19,5 per cent, 1 per cent to, B7.1 per cent in Notwithslanding revenue 1874. : growth, the operating income Had your company not ex- before depreciation and perienced these ‘major cost amortization remained. the increases, its financial ob- same as 1973 at $5,360,000. Your . jecliyes of earnings per com- company was faced with mon share of $1.02 would have several unfarecastable and been achieved. There is some ‘hopefully’ non-recurring costs hope for stability in fuel and during the period in addition to” bank prime rate for the im- the typical inflationary factors, mediate future: Fdie increases Some ofthe factors alfécting . Went. into effect’in ‘March 1974 the net, earnings before taxes and again recently on July 21, dcongdquéntly;the warnings | * 1974: However, ‘fare Increases We are pleased to submit herewith the unaudited report of Pacific Western Airlines and subsidiary companies financial results and activities for the six mofh period January 1, 1974 to June 30, 1974, . Operaling, revenues of » $43,051,000 for the six month peried compared to an same “ are a long procedural exercise cominon. shar. Anat walkout and threatened Air Traffic Controllers’ strike (in excess of $1,000,000)" — - ~The increase price variance (not volume) in fuel over-the .. same peiod period last year, ($1,554,620 or 24.8 per cent). ~ «Passenger screening security ($120,000 for 1974 and a carry-over of $108,000 from "she airporl firemnen’s illegal and? cinnot respond’ im? mediately: ta such matters a5 the 10,8 cent per gallon fuel increase in early May. The inflationary factors have now been more clearly identified ‘and their rate of progression charted and will be considered in the | revised forecast. All cost centres are -° under intensive daily scrutiny to ensure that the most efficient : for the best news tip. _ with " work eommencing im- thcaming., ; 4973.) . : . _ : . ; : ~-Bank prime lending rale B.C. Tel Appointment | : e Co. Lid. , a sub- hee i i Telephon ‘phe election of Basile A. ft Quebee-Telephone, > Beneteau as ‘President of sidiary : : British Columbia Telephone from 1953-57, and was appointed effect. : or photo of the week $10 $5( Prize winners will be announced following each publication, procedures and systems are in i} ~ for the best news tip Notice to Increase . director of commercial alfairs : , _ or photo of the month seo - Passenger Tariff He was named vice-president : {operation on epee $555 Taxt Lid, - 3292 Kalum Street, Terrace, B.C, have made anecutive vice-president in. 1966 application tothe Dept. of Commercial Transport to increase and the followin ear was tariff rates - Rates to be as follows: 95 cent flag - 1¢ cents BY every one-sixth mila - and locents every 30 seconds, 1 named president and chief . executive officer of the com- Proposed rate change to be effective August 3rd, 1974. for the best news tip or photo of the year. pany. He is a former founding member of the Board of Governors of the University: af Quebec. : He is also a member of the Canadian Telecommunications Carriers’ Association, the General Council of Industry. of Objections must be fited with Ine Supt, Motar Carriers - Dept. of Commercial Transpart Vancouver, B.C. within'14 days of this advertisement, a _following the final publication of each month BS , . oe : Quebec and the Corporation of : ‘ - an 7 : Engineers of Queber. 5555 Taxi Ltd. and on the week of December 25, 1974. Basile A, Beneteau te Was married in i Tree Be - ' “tetan fe ft _ ; Margaret Ann Myers and the Be The Editor's decision is final. - Company was announced by J. couple have four sons. “Ernest Richardson, Chairman * a * and Chief Executive Officer of, B.C. Tel al a meeting of the _company’s Board of Directors held in Vancouver today. Mr. >. Beneteau has been a member of _ the Board. of Directors of B.C. © Tel since Mareh 1973. Just phone | 635-6357 — with your tip or bring your photo to- he herald ‘District of Terrace Parks & Recreation Dept. NOTICE 7 . : Until further noties, the sauna will be : coe)" qpem during Adult Swim. 2s ‘A native of Windsor, Ontarlo “and ‘a. graduate in Electrical “Engineering, Mr. Beneteau has \ : ‘been. President. and Chief ? ‘ 4Executive Officer af Quebec _ +: Telephone since 1867. He will H qi assume his new duties with B.C, - , 4 -/tel Seplember Ist. © Mr. ‘N Thursday 4:00-9:30 p.m. Ladies Sauna Only . : Sunday 8;00- 9:30 p.m. Mens Sauna Only Men‘s Noon Hour Swim - 11:30- 1:00 Mon., Wed., Fri. Ladies Nodn Hour Swim - 11:30-.1:00 Tue, Thurs. 22002 Also we welcome all parents and pre-schoolers Mon.'and’ Wed, 300 a.m, a aa bee Lo ; was manager: of * othe | ‘+ f° . “Bonaventure and Gaspe.- :