ira oP Sie ie aa edi does tan SEALS ANS ee en ne sear eit amin ec ae ss a Fs 4 ee i a 8.9 om CTel ‘financial jigsaw’ ides rate of profit, oe phone hike unjustified BCTelephone Company is in a position to reduce Was told on Monday this week by in a brief presented at the opening of the company’s app rate boost, plus an additional four percent hike. : Blasting the “‘system of financial juggling Scott told the hearing: . “According to the financial state- Ment of the company which ap- peared in the Financial Post Sur- vey of 1951, the capital and profit Position of the company was as follows: capital surplus, $15,895,313; Net profit, $991,019. “These figures indicate a rate of Profit of 6.2 percent. It seems to us, and, we are sure, to the public s€neraliy, that this is more than a fair return, especially in these days of high living costs. But even these figures do not tell the Whole story. “According to 2 statement Made in an argument presented by T. G. Norris at a hearing held here in January, 1950, $4,500,000 * of preferred stock was issued as & bonus to Anglo-Canadian (par- ent company of BCTelephone). The figures of capital surplus, therefore should read $11,395,313, _ CLASSIFIED _ A charge of 50 cents for each Msertion of five lines or less with 10 cents for each additional line 18 made for notices appearing in is column. No notices. will be &ecepted later than Monday noon of the week of pubication. — \ ope BUSINESS PERSONALS % TRANSFER & MOVING, Cour- teous, fast, efficient. Call Nick at Yale Hotel) PA: 0632, MA‘ 1527, CH. §210. —— HASTINGS BAKERIES LTD. — 116 East Hastings St. Phone HA. Scandinavian Products @ Specialty, “Sa ei CRYSTAL STEAM BATHS—Open _ €very day. New Modern Beauty Salon—1763 E. Hastings. HAs tings 0094, ®.. RADIO SERVICE. Latest fac- tory precision equipment used. RINE SERVICE, 1420 Pen- der St. West, TA. 1012. on JOHNSONS WORK BOOTS—Log Sing & Hiking and Repairs. Johnsons Boots, 63 W. Cordova. Pirie CARPENTRY—DICK REIMER— Cabinets Fixtures and General Carpentry. North 2996-R-2. PHOTO FINISHING—For individ- Ual treatment at standard rates send to H. Thurlow, Box 945, Salmon Arm, B.C. Developing, Printing, copying, coloring, en- larging. Suggestion: Send one dollar with your order. ANNOUNCEMENT BORN TO Gloria (nee Vickers) and Ken MacDonald, on August 26, a son, Nicky John Benny. A brother for Linda Margaret and enny. j HALLS FOR RENT CLINTON HALL2605 Bast Pend- ie St. Reasonable rates for meet- TES banquets, etc. HA. 3277. RUSSIAN PEOPLE’S HOME — Available for meetings, weddings, ri hanquets at reasonable rates. —00 Campbell Ave., HA. 6900. Ee BOs Bae OR SALE—1 ROOM ARTISTIC HOUSE — Beautifully planned. nished or unfinished as you desire. Box 960 Campbell River. its rates, Board of Transport Commissioners Mrs. Hilda Scott, secretary of the Cost of Living Action Committee, lication for ratification. of a 10 percent internm ’ by which BCTelephone conceals its rate of profit, Mrs. and the profit return 8.6 percent. “If we accept the opinion held by investors generally that 6.5 per- cent is considered a fair return on a ‘safe’ investment such as BCTele- phone is, then the return is al- ready too high and the Board would be justified in ordering a reduction in rates.” ‘ After making this telling point, Mrs. Scott exposed other aspects of the “complex financial jig-saw” built up around BCTelephone: Here are some of the facts the Cost of Living Action Committee brief re- veals. ® @ The directory contract, a very lucrative business, is taken out of the hands of BCTelephone and given to a private company set un by Anglo-Canadian (par- ent company of the BCT) thus placing the profits of this busi- ness beyond the scrutiny of the Board. Furthermore, a private company is restricted as to sale of shares, and is not compelled to issue findfcial statements and other information to the public. @ BCTelephone purchases equinment from ifs own affiliate, Phillips, at a fixed price instead of in the market at competitive prices. In addition, these pur- chases are made, not directly, but indirectly, through two ad- ditional affiliates, Automatic Elec- tric of Canada Ltd., and Cana- dian (BC) Telephone and Sup- plies. All three of these affiliates undoubtedly rean a healthy profit on these deals at the expense of BCTelephone and ultimately at the exnense o£ \the subscriber. In the case of Canadian (BC) Telephone, the profit is 5 percent. @ Anglo-Canadian, which has no facilities for services, but is merely a holding company, takes a maior vortion of the profits from BCTelephone directly through ownership of my percent of the shares, and indirectly through private and other affili- ates set up and controlled by Anglo. “These facts have never been refuted by BCTelephone or any of its affiliates,’ said Mrs. Scott. “An examination of interlocking directorates and shares will show that Anglo-Can- adian owns BCTelephone, Associ- ate owns Anglo, and the Gary group owns Associate,” she contin- ued. “All of these have, various other connections. Ultimate con- trol is not held in British Columbia, nor even in Canada, but in Chicago, USA. “Through these connections, BCTelephone is forced to do busi- ness with certain other affiliates for supplies and services, thus pre- cluding the possibility of competi- tive bidding, and the undoubted advantages which would accrue to BCTelephone as & result of such competitive bidding. “The end result of such a policy is to present the board with a pic- baie yeatins is basically false and not indicative of the actual finan- cial and profit position.in the field of telephone communications.” Hitting the services offered the public by BCTelephone, Mrs. Scott pointed out that the company ad- mitted, at the end of 1950, that there were 22,961 unfilled applica- tions for phenes. : “These facts should result. in the refusal of the board to ratify the interim increase granted in July, 1950, and further to refuse to grant the request for an addi- tional increase of four percent,” she concluded. BCTelephone Company’s genera: manager, Gordon L. Frost, admitt- ed at the hearing Tuesday that the company’s former rate struc- ture “just grew up, like Topsy” but pleaded that~“we want to get a reasonable increase in revenues.” D. E. McTaggart, special coun- sel for the City of Vancouver, ask- ed Frost if the company had made any special studies concerning the revenue from long-distance calls. “None that I know of,” admitted Frost. “In other words, your company doesn’t know if its long-distance operations bring a profit or a loss?” asked McTaggart. : “No,” muttered BCTelephone's general manager. - ownership of. CONTINUED . ~ DELEGATION cause of world peace. “The welfare of our city and its population, having been entrusted to you by the people, is now threat- ened by the grave danger of war. “We know, as you do, that the rearmament program has already made serious inroads into our standard of living. Horsemeat and margarine have replaced beef and butter on many dinner tgbles. School, hospital and other public construction vital to our health and welfare is curtailed as ever greater amounts of money are spent on war preparations. “But these sacrifices the people of Vancouver are already forced to make, are trifling when com- pared to those which would be in- flicted upon them in the event of an atomic war. : “Our health minister, Paul Mar- tin, has warned us that in the event of war, the civilian population— which means women and children and the aged—would be exposed to battlefield conditions. “The thought of such a catas- trophe apalls us; we are moved to act and to request that our mayor and aldermen act to remove this threat to our lives. We believe it to be the highest duty of every patriotic Canadian to act now to preserve the peace. | “We ask that you act today for peace by endorsing the world-wide petition calling for a Pact of Peace among the five great powers.” “Everything in Flowers” - FROM ...- EARL SYKES 66 E. Hastings St. PA. 3855 Vancouver, B.C. FOR RENT St 0_0 M_SEMI-FURNISHED UITES—$30.00, Heat Light and el included. Could give day fare to children. 1 now vacant; vacant around Nov. ist. 344 Hastings Steam Baths OPEN DAY and NIGHT Expert Massewrs in Attendance Vancouver, B.C. HAstings 0240 - 766 E. Hastings T. Esplanade, North Vancouver. “elephone North 1703. COLE and ZLOTNIK A Complete ~ INSURANCE SERVICE 501 Dominion Bldg. (opp. Victory Square) THE SPORTLIGHT By BERT WHYTE OMETIME within the next six months Sugar Ray Robinson and Randy Turpin may stage their rubber match. If they meet in London—or anywhere in Kurope—my opinion is that Randy will win back the middleweight créwn which he held for just 64 days this summer. He’s still on the upgrade, while Sugar is definitely past his peak and time works against him. Although a full month has gone by since Robinson’s TKO of Turpin in New York, boxing fans are still divided over the question of whether referee Ruby Goldstein was justified in stopping the world title fight and awarding the decision to Robinson just eight seconds from the end of the tenth round. After studying the — slow-motion movie of the final round, I’ve reached the conclusion that Goldstein should- n't have ended it. He may have erred from. humanitarian motives, but I think it likelier that he had a soft heart for the New York gamblers, who would have gone heavily in the red had Turpin won. And there is no doubt in my mind that the deep gash over Robinson’s eye would have forc- ed Goldstein to stop the fight and give it to Turpin in the eleventh—if the bout had continued. The American-made movies of the fight did a masterly job for Sugar Ray. All of Turpin’s best blows were left on the cutting room floor, and Randy’s winning rounds lasted only 15 or 20 seconds on the screen. Shots of Ray’s bleeding eye were eliminated. But when Turpin was doing the catching, the Yankee movie-makers showed the full rounds. Robinson was tiring rapidly by the tenth. Knowing he couldn’t continue much longer, he put everything he had into one terrific assault. Randy went down from a right smash to the jaw, took nine, came up and moved back to the ropes. Ray was all over him, throwing’ more than 30 punches before Goldstein stopped the fight. But’ slow motion shows that all but a .dozen of the blows missed their mark, due to Turpin’s weaving and swaying. Randy Turpi Just a few seconds after the fight ended, reporters talked with the Britisher. He was calm and coherent, said he didn’t think a champion- ship fight should have been stopped with eight seconds left in a round. “T was hurt, but I could have lasted the. round all right,” he said. “He was missing a lot with those punches—I have a way of swaying back with punches and weaving my head, and it may look as if I’m being hit more than I am. I was clear when it was stopped.” Randy isn’t given to big talk, and I think he told the truth. My impression, after scanning the fight pictures closely, was that he was not in serious trouble; would have recovered between rounds and gone on to beat Robinson. * * * ae That great commercial jamboree, the World Series, is over and the Yankees won, four games to two. A record total of 341,977 fans watched the six games and receipis were $1,633,457. The players’ pool from the first four games gave every Yankee $6,539 and every Giant $5,/92, As New York Daily Worker sports éditor Lester Rodney says: “It’s a great game, baseball, and the World Series is exciting because they haven’t yet invented a. dollar bill that can field a ground ball. But some day, when the people decide on a social system that doesn’t put the almighty buck first, the World Series are going to be bigger and better and they’re going to be back where they belong, with the real fans.” , Yes, Lester, old boy, and someday we'll stop calling it a “World” Series when in reality it’s only held to decide the top United States team. . . * * * There’s a moderately big textile city in the Soviet Union called Ivanovo. The sports life of its citizens is described in a news dispatch which reached our desk this Week, along with several photographs. We haven't the money to print the photographs, nor the space to carry the whole story, but here are a few facts: 4 _ In Ivanovo 16 voluntary sports societies operate. The city has four fully-equipped stadiums, one aquatic station, more than 250 sports grounds and 30 gymnasiums. All were built on state funds. To train young athletes there are 170 salaried specialists and more than 3,500 public instructors. Ivanovo has a secondary physical cul- ture school and a’ physical training department at the State Pedagogical - Institute for preparing instructors in physical training and sports. One of the city’s star athletes is V. Kudryavtsev, a boxer who is a six-times winner of the All-Union Central Council of Trade !Unions boxing title. Another is Y. Sokolov, lightweight boxing champion of the USSR. STANTON, MUNRO & DEAN Barristers - Solicitors - Notaries SUITE 515 FORD BUILDING 183 E. HASTINGS (Corner Main & Hastings Sts.) MARINE 5746 . Phone PA. 9374 PACIFIC TRIBUNE — OCTOBER 19, 1951 — PAGE 7 & ‘