‘ : a _ ithe specialists 0 or ‘general practitioners, shoald| be pald " WINNIPEG (cP) — revalutionary-but he is promoting an idea designed to, shake uP the Canadian: ‘medical ‘establishment. ° ‘An easy-going, middle-aged physician, Rosé: thinks i's “necessary to make a radical. ‘ehatige|in ‘an ‘area many doctors. ‘Consider. sacred ‘territory: _ medical, jees “at basicaly ‘the: same-scale: “CALGARY (CP) ~Veneap Equities Alberta. Ltd. doesn't ‘have any. ‘money. yet but: “the: Alberta government’ s-new: ' yenture capital corporation already. has’ lots of requests © - that appear to meet its mandate? to diversify the economy . by investing in high-risk firms. © One group wants. money to. buy an electrical products manufacturing plant ‘in ‘Ontario ‘and move it to- Alberta. Another wants-to use poplar trees, a prolific but: neglected resource in the province; to make furniture," - As of late June, 64 applications had: ‘beén received from. . businessmen for some of the $244 million the corporation hopes to have available this fall. Most of the money — $200 million — will come from the. - Heritage Savings Trust Fund, Alberta’s energy nest-egg, in the form of a loan, The rest will be raised through the sale to Alberta residents of investment units, consisting of con-° _vertible debentures and common shares. ~ . Derek Mather, Vencap president, said the $244 million is’ "three times greater than the totalgamount loaned by all Canadian venture capital companies in 1982, No other fund "of its type, involving. a co-ordinated effort between public and private sectors, has ever been established before i in the world, he said. ae vt UNUSUAL APPLICATION o One of the unusual applications received to date involves a group of investors who-want to’ ‘reacquire the assets ofan. Alberta-based textile manufacturing firm that closed its doors during the. recession. ‘The same. group successfully started and ran the business in the mid-1970s, they sold it to a-large American ¢ company : which was unable to make a profit. The group wants $1 a - million to get the company back.. | ’ Mather said Vencap will probably concentrate on com- panies involved in. resource extraction, - machinery;: computer-electronic hardware ‘and software,. biotechnological processes and systems, and transportation ‘and manufacturing equipment, - Critics have already complained that: money will not be . available to thase who need it most: ' fledgling businessmen with good ideas but no high-risk: backers.. - Doug Irving,...president. of the. Alberta Software .. “Developers. Association, said unless. half the - “money allocated to high-technology firms goes into research and development,, the effort to form a new v industry base i inthe " province would fail. .. from:page tt ~ Soviets troubled .- anybody in the street, they do not want war. The Soviet Union ‘is not planning-any first strike.” * As with much else in the Soviet Union, the Kremlin’ ‘s plans remain wrapped in secrecy. But it appears to be pressing ahead with new weaponry as earnestly as the Pentagon. U.S. officials say the Soviets have tested a new. in- , tercontinental ballistic missile comparable.to the planned - Were not in Britain and France, but in Bulgaria and East’. U.S. 10-warhead missile, the MX. They also are developing long-range cruise missiles, and have test-flown a ‘new strategic bomber, dubbed Blackjack by the Pentagon. Moscow's most urgent priority, however, is political — blocking the deployment of U.S: medium-range 1 missiles in _ Western Europe; scheduled to begin late this year. The Soviets are especially worried by the 108 Pershing-2 missiles slated for bases‘ in West Germany. From there, these accurate new rockets could knock out missile bases in. the western Soviet Unionn 10 minutes. The Kremlin - describes them as part of a U.S. first-strike strategy. The NATO deployment of 572 U.S. cruise and Pershing-2 missilesis designed as a counter to a similar number of Soviet $5-20. and other: mid-range missiles -within. striking distance of Europe. In protracted negotiations in Geneva. to limit such . European theatre nuclear weapons, the Soviets offered to . reduce the number of missiles targeted on Western Europe to 162 — the number of missiles NATO. allies Britain and France have _ The United States objected, saying the British and ; French missiles are strategic weapona of last resort and should not be counted against Soviet intermediate-range WEApOIS, . _ The Soviets complain this, is illogical. “What if the situation were reversed, and the missiles. Germany?” asked one Russian close to the missile negotiations. ‘Then [ think the United States would want them counted.” President Reagan's first. proposal for elimination af all. Soviet medium-range missiles in exchange for cancellation _ ofthe U.S, deployment, was rejected. Now he has offered to ‘ negotiate an equal ceiling for U:S. and Soviet medium: range warheads, Soviet Foreign Minister Andrei-Gromyko called this “unacceptable as well, because it still ignores the British and French forces, and because the Soviets also want to count European-based U.S. bombers in the equation. Andropov made a new proposal: in. early May: equal NATO-Soviet ceilings on.both medium-range missiles and warheads, but with the British and French forces counted arid with a similar balance in aircraft. If the Americans do deploy their Pérshings. and cruise missiles, the Soviets say they will respond by pulting the United States in an “analogous position.” . ‘Some interpret this as.a threat to atation Soviet missiles _ in- Cuba, but Lebedev said there was no need for that: Instead, the Soviets might add to thelr medium-range forces in Europe or to their submarine missiles off the US. coasts. | ‘ Privately, some knowledgeable Soviets: say they foresee a lasting solution to the Euromissile question only as part of” -: the overall U.S.-Soviet strategic arms negotiations in Geneva, where the superpowers can trade off a multitude of weapons systems against each other, ; But that might take years. Andropov and Reagan are far ~ apart is "thelr: phoposats for strategic arms reduction. Time is running short, said Maj. ‘Gen, Konstantin Mikhailov, a Soviet Defence Minlatry spokesman. But ithas =73 not run out. . “Although the situation is rather dangerous now, itcan be | changed, " Mikhailov sald. “‘Eoviet leadérs: say we have time to vavolil slipping, into the abyss. " . Dr. Lewis Re dae’ look likela | “such as: ‘cardiovascular’ or: plastic ‘Surgeons.:.” -Vencap diversifies economy » om ‘another: physician. al ‘ «When Rose’s ‘students 3 aeadomis and begin’ practice, they “ean expect, ‘earnings. considerably | Jower. than spetlalists Defelidere of ihe: ‘system say the difference tn: income is 4 Justified because specialists have: more, trainiig, are. mare’ highly: skilled ‘anc work. thider more airess: ; on “Mather said Vencap.is not pritnarily in the research: and. ‘development field, Generally’ speaking, a company. should. : ‘have‘a finished product or a prototype: Ifa new firm wanted | inoney to developa product, it- would be difficult for Veneap “to respond unless jhe idea was. already: backed- by another + __ reputable venture capital corporation, ~ -But.if the company. had anyexcellent, track record in the industry and required assistance to develop what appeared to be an excellent new concept, we Aight Hsten.”.°. Mather, who has 20 years background. in’ the venture “capital business, said he hopes ‘to entice other’ ‘venture . Capital firms. to provide joint funding., So far-half'a‘dozen : 7 ’ firms have expressed interest in ‘the joint-venture’ concept. “Mather ‘said. in the. early Stages, ° -Vencap’ will. invest... primarily in medium-sized companies: with a potential to mushroom into major concerns with: sales of $25 million to - $100 million. Il will algo Jook at senior firms with revenues in the $10-million range: companies. that ‘venture capital firms would normally. not touch. : | » As arule of)thumb, Mather said, ‘venture capitalists find ‘only one or two companies they: would Support out of every 100 applications. And it would be “fortunate” if one in 1 every _ 10 supported: ventures is “super wecessful." ‘cigt.| Partleulatly: farnily: ri in! * edition of thie Canadian Medical Aasdciatio ‘surgeon last: ‘year had a’ gross. income of abaiit’ $170,270, : while: a Winnipeg general practitioner. took’ in: $80,190;.°.)” oat all felde: milly édicine,!!. ‘he! nt Journal. . | ‘How’ can ote: place’ greater value” on ‘the- surgeon’ Ss manual: ‘skills than cn,-'.- .the family : ‘doctor's skill’ in _Setecting family. problems. and. their cons An his ‘article, Rose arguéd- ‘that: specia “compensated {fo ‘the cost of their extra’ training | by’ paying: "them -an extra. $4,600: a’ year. Some spectalists: now. raak "more: ‘than’ ‘dotible a ‘general practitioner’ s. earnings:.: : ‘In’ Manitoba, “for, example; a. typleal: ‘éardiovascula: me, fQ, pad. the. most, ” wences?”. =. a etd be" on’ 8 sofyrand: demand. “Bul in’ ‘a herent ays ae shave: negotiate the best re the ones who ‘He feels there should be a. somewiiat highe income ‘fg ‘specialists: in: areas ‘where ‘there. are’ ‘shortages, | Courage’ doctors to enter thor sé fields. me : -_. Rose bald Its. no ane : inil referring to ‘t surgery: then for ‘A consultation: and @ preseription, . oe a there’ ‘has. ‘been’ little response, : discouraged and won't give: up." " ‘Rose’s-article: ‘appeared three. months ago. ut ‘80 far, ; “a growing number of elderly: people is straining hospital: _Sapacity while.governménts:reduce; funding.. : ‘ . Rose said he does not dismiss the Alberta government's “fecehit proposal to-impase hospital. user. fees on patients, ‘particularly ‘if it helps: pay ‘ballooning ‘medical coals; He’ _ added that a thorough study of the user fee Idea is.needed.:: usd rather: ‘disappointed; “there ‘Should. haye been: reba reaction,” Rose said ‘in-an interview, but. aided he isn’t” He is an active member of.a committes, set? up by: tie ; College of. Family Physiclans of Canada and plans a follow-- . up paper o point out some of the’ ‘Mogical and |infair aspects of the current system of medical: ‘payment. | a “ hospital beds and better equipment or is it better: not to. 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NO-SAG SPRING CONSTRUCTION IN SEAT WITH SOFT EDGE, COVERED IN NYLON FLOCKED VELVET, mo, STRENGTH AND WEARABILITY. Sofa $999 “Matching & Chair Loveseat. + LABORATORY TESTED TO ENSURE ° aoe 12” AC/DC. Black & White . by DYNASTY FURNITURE - 20th anniversary Price “He said.it’s Amnportant: for the medical community to be : concerned with the econooi¢s of liealth care at.a-time whedi : . "Ia it better to collect user fees and he able to afford more , iPass, st. i Unbelievable ae