oy “Wednesday, May 22,1676 HAE Wid | mT ai Hy | fpf Mt fy ‘Nomad. Mines Lid. holds an teresting copper: prospect. in. ve the Sustut Lake area, 125 miles “snortheast of Smithers,"B.C. and tatzca- ‘special shareholders meeting May‘14, 1974 approval was given to the sale of 150,000 : treasury shares al 70 cents each | “to ‘Long. Lac’: Mineral Ex- plorations Lid. with the $105,000 ‘proceeds’ lo ‘be used for.. the’ ‘exploration of the properly.» _- ‘Also approved al the meeting - was the granting of an option: (0° . Long*Lac: covering. all: but "300,000 of the shares remaining”. £0 4 -anomalous areas... on _ inthe: Nomad’ treasury. Long -Lac’s option covers. 3,610,398 - shares exercisablé at-$1.00 per - -share. The 300,000 shares not for issue to ill! Nomad Mines Lid. “property, to be followed by optiaried : to. Long:.Lac are... "reserved yo Bhares now held, The offering to shareholders will take a form yet to be decided upon by the directors and the regulatary authorities. Nomad ‘intends to make applleation for listing of its shares as early as possible. "The meeting was fold that” company . consultant J.M. ‘Dawson,; P. Eng., ‘and Vie . Erickson. of ‘Long.,Lac _ are “*enrrenily on. the property ~ planning access and the start of exploration. Work is expected to include extensive bulldozer trenching.-on..some. of. the geochemically copper the diamond drilling as ‘results warrant. Work, atart in mid- dune is anticlpated. 7... “4K number of gold: prospects a * Council of B.C. -matters. ' tically disappeared Mh Caer ee ee ESTP RET : Shareholders ‘on a warrant:or ,” “rights offering at the rate of one, outside of B.C, are under study, . pew for approximately each 3.5 the meeting was told. Contractors Poor Risk Say Bank Managers... ‘Construction contractors basis af" difficulty: in’ getting“ possess mangerial abilities on a ri par with businessmen in ‘other, #-- sectors, but: the operating ‘en- }- vironment is so bad and the jab so complicated that banks are somewhat leery about lending * money to'them. 0 es, ‘This is the result of a survey.- + ‘conducted by: Urwick, - Currie’ * jand” Partiers. Ltd., © Toranto | Lwilanagement consullanta, and "> “published in ‘the May" issue of” ». Engineering & Contract Record . 2 magazine. Presented to a total, j of, 189. financial men; -.the® F cquéstionaires were designed to - determine .bankers' altitudes: & ‘towards “mangement qualities + “and “industry “factors in’ the : ‘construction industry. “. ‘dustry In-which the contractors ~ ‘snegative’ light,” the ‘survey : results say, and: It doesn't * of bank credit.” e .) ox) & _ follow.” "s He also not been a claim‘against a real data necessary.to assess credit. :. “The bank regdrds the in---ge » operate: in. jan’ -extremely: © auger Well for the constraction =”. p. firm seeking toget ils fair share” . proximately $25 million dollars, L) (U.S, : furids). to - some’ $200 _-mibign dollars (U.S. funds) per: ; = year on the.15.4 million tons the. aluminum industry now. mines * Jamaica, would raise ita laxe Pes Real Estate The number of complaints regarding possible breaches of the Real Estate Act did..not increase significantly last year despite. the intense level ‘of activity in .real estate tran- sactiong according to the. Chairman of the Real _ Reporting. to the annual ‘meeting .of. the Real .Estate . ‘Estate |, -“Meences according to figures-In ‘his report. ~ ~~ Licente * renewals. were. _g@tanted 1,851 - agents: or nominees and 6,686 salesmen compared to 1,417 and 4,997 last year wo ” In the year ended March 31, - 1973, 3,851 individuals applied - for. real’ estate: salesmen’s - ficences.. During. the: transition lnstituta of B.C, in Victoria -’ from the old system, in which a (Tuesday, May 21), Reg 'T. : ‘Tjtus noted that the Council had: considered 38 possible breaches. of the Real Estate Act. com- pared with 20 investigations the preceding year. Of the:28, 16 . were dismissed or withdrawn, 6 are pending and 16 were con- sidered at formal hearings. - . Disciplinary ‘actions were. taken against 22 licensees. The licences of ané agent and ‘one salesman were, cancelled and the licerices of ne nominee and three salesman’ suspended for varying’ periods of time. In addition: reprimands’ were issued ‘to seven ‘agents, six nominees and three salesmen. Commenting on. discipline matters, Titus stated that “With a licensee population. of over "7,000 it is not surprising that the Council has-: to: devote © coi- siderable time to. disciplinary “TE. Undesirable practices .-which - have: prac- : should again emerge, it is likely that » severe disciplinary action, will noted that there has estate bond since 1956, an. in- dication that no member of the - public has suffered’ any “ financial loss through "im: properly : _ Peal estate agents. handling of funds by . LICENSING - APPLICATIONS REDUCED 900 he _-During the current year the’. *. sumber of real estate ‘licences: efenewed increased 13 per cent:; . - over the preceding ‘year. The» new. procedures : for.. licence ‘application which. came into effect last fall have succeeded in reducing the . number - of applications . for’ salesmen, "“Aléan confirmed today ‘th has announced ‘his -' Govern-’ ~ ment’s intention : to. intrdduce , legislation increasing. the. taxes Ls payable on bauxite mining fram the, present level: of “ap in Jamaica.::'. This’: increase, based:.on a current. level -of bout: 2,200,000 tons of bauxite: mined by Alcan’s subsidiary in. at's the Prime Minister of Jamaica * licence ‘application had -to. be made before. the individual ‘undertook. the pre-licensing _eourse, to the new. system in “which - licence. application Is ‘made only: after successful -eompletion.af.the pre-licensing egurse ‘and: examination, only _170 "applications _ ; were “processed. —-:. oe In future, Titus reported, ‘‘It is likely thatapproximately. 1,000 license applications © will be _ received fram among the 1,800 who register:for the course.” EDUCATION «||. An inereasing number of real salesman. are ‘completing ‘the four-year U.B.C.". Diploma Courses in Urban.- Land Economics as an alternative to completion of the agents’ pre-.. licensing course: Enrollment on the U.B.C. courses rosé to 23 ihis year from. 282 in the preceding year. Enrollment: on the agents’ course.also-increase to 248 from 123, | Additional lessons on property mangement and condominiims were added | THE HERALD, TERRACE, B.C. ‘Institute Meeting. — ‘to both the the silesmen’s and, ‘TATION... | The Chairman also disclosed | : “that the Real Estate Council is-- . first, -nine months agent's prelicensing cours during the year. UN REPRESEN- SALESMEN recommending ‘to. the govern- ment, through the .Superin-. ~- -tendent of Insurance, that. the: :"- .Real Estate-Act be amended to provide for three real estate = salesman members .on the Counell, The recommendation .’” follows /a trail - year’-. of representation of salesmen through three observers. = Since its formation in 1058 the Real. Estate: Council has con-.-, sited of .. fifteen” real - estate agents, appointed by: the Lt. Gov.-In Council, to represent all . areas of the province. . SUBDIVISION ACTIVITY ~ | Subdivision -activity in the : province increased during the ' current. year with 764 Council compared to 712 in, the: ; -, of the preceding year. ae 4 “Titus, noted that ‘at’ the’ fall session of the B.C. Legislature the government‘ extended: the screening. process to include ~ condominiums’ and: cooperative residential premises -but~ that’ ” ‘the ‘amendment-has yet to be “proclaimed . and becbme ef- fective.” 5) Sot Ts . Prospectuses examined by the - 4,698,000" arnings of 4,049,000 in: 1973 or “\indation ‘of the very stra shortages of chamicals, Vancouver, B.C. Aprll 24, 1974 non application of: prior years, ‘Josee3, ar-§.39 per. sharo on sales of $38, : $844,000 or 5.05 por shara on sales of $29,851,000. : the extraordinary cradit amounted to $4,543,000 or §.70 per share as compared to © } $08 peranere.. % Te SUpph be he ‘Improvement in earnings over the first quarter.of 1873.was mainly due to con. =~ factorily during the first quartar but pulp operalions were Sh 3 ol Rail cars continue to-be In.short. supply although the... “situation has improved. | ; ote pee Dae Bee anal eke “EMPLOYEE. RELATIONS © vee Te ‘The Company, atong with other companies in the mid-contrac! provisions of tha faint labour agreement with tha PP’ © workers will expire at the end -of the second quarter and nagotlatlons tor-new ; ee The Company Is in the midst of a significant turnarourid based primarlly on stiongiete ti should be ome in mind that, while current earnings expectations are excallel n extraordinary credit rotating to..." 4 ‘amourilad to 592,000, This compares ta 1873" Net earnings after" ° ” rier of 1674. before 0 ng market for kraft pulp, Oparatlans ‘parformed satlse somewhat hamporad by... + - industry, has implemented the iS on Aprit ‘1, - IWA contracts covering our. woods and sewrlll-~ \ feat of lu Prince Rupert mills. 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Across from Terrace Hotel. 3209 Kalum - ‘ | John’s Gar Glinie. | * : million dollars (U.S + funds) in.” the other North “American. - aluminum “companies © mining. ‘bauxite In-Jamaica have been: _ endeavouring ‘lo . negotiate ' mutually : satisfactory new: * arrangements both with respect to taxes and-ather issues raised by ‘the Government,’ The: - -gompanies offered ‘an Increase * 10/$5.15 (U8, funds) per lon .-. ‘more than mes the present average revenue level > with escalation for changes the U.S. ‘and decided -to’' proceed unilaterally by establishing a tax of $11 dollars‘per ton (U.S. funds) of bauxite ‘at current’ - ingot. prices, Alean cannot -predict ai this time what, will be the impact of" ‘thls higher level of; Jamatcan taxes off ‘its earnings until the form of these taxes'is clarified, © ar until the extent to which alumina’ prices. can be in- creased is determined. Pending further clarifiention of the ‘el- * feetiof this meastire taken by the Jamaican Government, ; Alean ig not prepared to predict - : the extent:to which: Jamaican. bauxite and alumina: will, lose * thelr compelltiveness.: in’ the "| market: nor the extent to which future investmenta. in. that 5.” country Will.be still. justifiable, * although: it hag. “serious ~ misgivings on both counts... | - (All figures are long lons ‘of 9,240 . pounds. per-,ton, the measure . normally. used-‘in Jamaleay, ++ Jn’ response ‘to the Govern |. ~ meat's: invitation, represen- ___tatives from “Alean. along with — - . i -= ‘* aS) 7) a = oo! re lh, ara i price of alumaum and_ the eS extra special bonus!. - sluruitum, operations, bul the The Superb New Datsun 26022+21 1. Government ‘rejected this offer ° - Atthe endof Datsun’s excitirig I0-week” — the new i B engine. Andit could be yours - FREE, justfortakingaspinin *.~ wh the Datsunolyourchoice. 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