PAGE Ai, THE HERALD, Wednesday, July 7, 1976 MacDonald elected national Legion President ee Douglas McDonald of Brantford, Ontario was elected Dominion President of the Royal Canadian Legion, meeting in Win- nipeg at its 26th biennial convention from June 13 to Douglas MacDonald June 17, Given an ac- clamation, Mr. McDonald had served for two years as first vice president and now succeeds Robert Mce- Chesney of Kirkland Lake, Ontario who declined to seek re-election. Elected by ballot to serve with Mr. McDonald for a two-year term as national efficers were F.C. Coley of Edmonton, Alberta as first vice president, vice presents Ray Tuokko of Toronto, Ron Bedgaod of Halifax, Al Harvey of St. Jehn's, Newfoundland and Jack Chapman of Stettler, Alberta. Rev. H.E. Harris of Vancouver who acted as chairman of the convention, declined to run for election and Ron Watson of Glencoe, Ontario was given an ac- clamation as was H. Austin Hunt of Regina as Dominion Treasurer. More than 5000 delegates, a record-breaking at- tendance, crowded the imraense hall of the new Convention Centre for the four days of business which saw the Legion, concern itself with resolutions asking for facilities to provide special care for aging veterans. One resolution said that domiciliary and chronic care homes should be built at strategic locations across the country. A heated debate was sparked during the presentation of the mem- bership report concerning the question of whether to allow voting privileges to sons and daughters of Legion members who were admitted as associate members as a result of the changes in membership qualifications passed two years ago. - Membership chairman Douglas McDonald, in reporting that the Legion's membership had grown from 20,000 to over 450,000 in ihe 50-year history of the Legion, said that the 52,000 sons and daughters who had joined the Legion should be encouraged to get involved in the activities of the branch and .be_ given responsibilities. Hawever, he felt it was too early yet to ‘pive them voting privileges. A resolution excluding them from the right to vote in branch meetings was passed by a narrow margin. Sharp criticism of the Legion's ACTION program which was overwhelmingly ICBC QUARTERLY REPORT | The first quarter financial reyiew af ICBC operations covering. the months of March,-April and May 1976 has now’been completed. Autoplan operations produced an excess of earned premiums over claims and expenses of $2.4 million. In addition, Autoplan earned investment income of $7.2 million, for the total favourable position of $9.6 million. The premiums so far written which will expire on February 28, 1977 are $329 million. OF this sum $72 million was set aside for elaime and oxpenses during the first 3 months. The ‘remainder will be applied against claims and expenses during the last 9 months. The major component of the Corporation's cost of operations is claims. The total elaims and claims operation expenses for the period were $56 million. The number of claims reported in the first quarler was _ 120,000. Exact comparisons with the first quarter of 1975 are not possible because the Corporation was struck during the last two weeks of surplus. . The total assets of the Corporation are $462 million consisting principally of long’ and--short term. in- ~ vestments of $334 million, finance premiums, receivables and pre-paid items of $81 million and capital assets of $41 million with the balance in other assets. _ The principal liabilities are accounts payable of $29 million, unearned premiums of $266 million and outstanding claims of $165 million, and the balance in other liabilities. The Corporation is hopeful that motorists will continue to. improve their driving habits , in order to reduce the toll in human suffering, as well as_ keeping premiums at the lowest possible’ level. Impaired David Spencer was charged with impaired driving and sentenced to pay a fine of $350. Ronald Bellamy was charged with having a blood introduced by the Legion two years ago, sparked another. debate. The delegates narrowly defeated a vole to cut the ACTION Committee's budget for 1977 after retiring Dominion President McChesney ap- pealed to them to give ita chance. "We're: just now starting to get results,” he said. The program is in- tended to educate the general public on improving the quality of life in Canada, but some felt that Legion members' needs should be given priority over the public when funds and energy are limited. Many of the resolutions dealt with requests to the Department of. Veterans Affair for improvements in pension, war veterans allowance and treatment regulations. Some resolutions included ap- prova’ of Legion mem- ership in the World Veterans Federation; denial of Legion membership to Canadians who were called up during the wars under the National Mobilization Resources Act; creation of a $100,000 national sports foundation to sponsor a national park and field program for minor athletes, the money to be provided from the annual interest an the Centennial Fund. _ He also referred to another Legion contribution to Canada, namely the ACTION (A Commitment to, Improve Our Nation) program, adopted two years ago. It is the first. step lo improve the quality of life, step by step, throughout the nation. ‘ . a Terrace Jaycee Spark Plug of the Year award went to John Taylor. Taylor stepped down from his post as Jaycee President Saturday night and was replaced by newcomer George Clark. HEALTH AND ‘WELFARE CANADA STUDENT SUMMER EMPLOYMENT ARRANGEMENTS Health and Welfare Canada will be employing approximately 510 students this summer at a cost of $1,177,000. About 300 post-secondary students will be hired under the Health Activities Summer Employment Program to work with voluntary health and health: related organizations administer- ing summer projects. Students should apply ito Canada Student Manpower cen- tres, Voluntary organizations are required to conac! these centres to obtain candidates for projects. The other 210 students will be hired for the Support to Community Agencies program, Which provides support to groups or organizations involyed with drug, alcohol and tobacco related problems. Depending on the type of project, applications may be made either by students or by - community agencies which hire student workers. This program is administered in B.C. by the Non-Medical Use of Drugs Directorate, Health and Welfare Canada, 202 - 56G West Broadway, Vancouver V5Z 1E9. Strong = demand for development capital_ from small to medium sized | businesses in Canada resulted in a 25 per cent increase in new term financing and equipment leasing for RoyNat Ltd., Montreal, in the year ended April 30, 1976. RoyNat, which specializes in providing funds to small to medium sized businesses’ and is the largest private company in the field, reported thal term finan- cing and equipment leasing reached a new high of $158 million during the year. Assets increased 37 per cent to more than $400 million and represented financing to more than 2,108 businesses. Small business report John D.. Thompson, President. and- Chief Execulive Officer, said the results were particularly encouraging because the fiscal year .saw the final months of an economic recession and the beginning of a sluggish recovery. “We must conclude,” he said, “that there is a vitality and an optimism in the small to medium sized business sector in Canada that augers well for the leng- term prosperity of the eountry." During the year RoyNat’s principal shareholders, two chartered banks and three trust companies, invested an additional $10 million by way of preferred shares. This enlarged equity base, plus the sale of a $25 million ‘debenture issue, have doubled the company's borrowing base for purposes of issuing secured notes. The substantial growth in assets together: with a return to more favorable short-term interest-rates | resulted in a net profit for the year of $4.4 million. , Mr. Thompson reported that seminars sponsored by Roy Nat across the country, and designed to help in- dependent businessmen increase their managment skills, had been. most suc- cessful. *'Although the economic recovery con- tinues to be sluggish,” he said, ''we expect the current - year to maintain the strong growth trend of the im- mediate past.'' Rag. Lewis Hlushar, way transpart requirements, Carsan M Ron Barnett Reg. J. Lewis, President, SooSacurity Motorways Ltd., Winnipeg, has expressed satisfaction with the, orderly transition af Carson Northern inta the Motorways trans- portation system, The Carson Motorways Division of Soo-Security Motorways Ltd. was farmed in April, 1976, Mr. Lewis and Ron. H. Barnett, B.C. Regional Manager for the company, attribute much of the success of the recently-acquired operatian to the skill and experience of terminal managers and their staff who are keenly aware of local high- Olorways Terminal Manager in Terrace is Art ‘CARSON MOTORWAYS - ie Art Hlushak GET BACK $200 ON SELECTED TOYOTA CO ] ROLLA 1600 MODELS, * May 1975. the 120,000 alcohol level over .08 and claims reported in the first sentenced (0 pay a $300 fine, Introducing a terrific deal. ~ Toyotas have become famous quarter of this year are Donald Morrison was on aterrific car. From now until a for. Power front disc brakes. Fully approximately 55 per cent charged with impaired the end of July go toany of reclining front bucket seats. fuel inthe, previons Jey 2 ine ot $00. the 220 Tata dele anu make REBATE. » Kear et heater ducts Side win quarter ending February 29, Stephen Laniuk was tia nest dea) on any Toyota * This coupe ssworth $200 (a amanvfacturer's rebate) on the between June 2 and duly 31.1976, sedon dow defogger, Heavy duty 1976. The claims reported in charged with impaired oro ore Coor sean Silomatc} model TESTE onvTESINor dont (clenasrdor TOTHECEAT:Oflersgoud ony evvatoe tes so ccents attery. And electricrear window the previcus quarter in- driving and sentenced to a and then present the coupon avtomati] medel TERIFS and TEAUFH, Thy cauaaneamot be ured Made cn he speitiednew 1976 mode's. between Je 21 defroster. cluded many losses which fine of $300, in this ad. The salesman will clip tohep ch rye center 7fayota, towing sles ag tae andetcte coop yaawon Allof which makes this one actually thestrike peried Ia Arthur Hallam was itto your purchase ordes, and Only ons rebate coupon aldfareachindvdutTyctapurthased geedaniyatbamseaiaysumerieslayae cane of the most terrific deals we've harged with impaired - ‘after you take delivery of your re ee ee ee ever offered. But we must offer a 1976. ¢ : a a int driving and sentenced to new car Tovota willsend dof + Administration and , 4oya send you a . word of caution-supplies are commission costs for the Pay 4 fine of $400. cheque for $200. than most of the cars sold in 1976 Toyotas and none of them limited, And with a terrific deal first quarter were $13 Patrick Martel was Think of it $200 back on a Canada. So in the long run you have been altered in any way like this the cars may go fast. million and represents 18 charged with having a blood car that’s already one of Canada’s canpassthe pumps withasmile _for this offer-they come with all So hurry. ; per cent of the premiums alcohol reading over 08 and © ding buys. It's a terrifi f h dard £ th . ; ; # earned. sentenced to a $300 fine. outstanding buys. Its a ternitic on your ace. ; the standard features that oe i The general insurance ves ‘way to save right now. But what makes this : ae | business of the Corporation “@gfse- : And a terrific way to save really an outstanding ae a other oo oa an —_— wat later. Because a Toyota Corolla offer is that these ; me : operatin - 2 : . vestment income of $142,000, VANCO ISLAN 1600 gets better gas mileage are standard Investment of income was ‘HELICOPTERS LTD.. $161,000 resulting in a met * woe profit for the period of * ‘ie $19,000. _. Carmona ia). There has been some arm ees 4 confusion concerning the 74-7" oe surplus of the Corporation. CHART EE Nee ‘ for the end of the first quarter. The short term investments of the Cor- poration of $317 million at May 31, 1976 are funds not only to cover the unpaid ; hn lion © “Tikeise cae) | tt SEAPLANE BASE, ero ae e sa “HEVTOVOTAYOURETERRIFIC” | “Model numbers off of 4-doorsedans included in offer are: TLI1K, TES H, TEAIFK, TESLFH. Flect purchases not eligible, claims to date of $165 mi -_ | _ . but also, in fact, to cover the Mel Johnstone ; ; claims and expenses for the 635-7039 ance of the fiscal year © . ta and thedifference does not 635-5723 at represent an operating -: