THE HERALD, Wednesday, July 14, 1976, PAGE As Accountants seek _ UBC studies world resources students ot 7 A team of University of British Columbia economists will receive more than $806,000 over the next five years from the ., Canada Council] for an_in- tegrated study designed to .. throw light on one of the _least-explored areas of ‘F madern economics — the , Management of the world’s . .Matural resources. Up to 45 graduate students will be associated aver the _next five years with the 10- member team of UBC faculty members in a wide- ranging program of research that will resultina series af reports on such topics as energy pelicy; etroleum, mineral, . fisheries and forestry .., problems; and the policies of governments and in- dustry in relation ta the exploitation and taxation of .. natural resources. i, . Prof. A.D. ‘'Tony” Scott, a "long-time member of the . UBC faculty and one of the prime movers in the proposal to the Canada Council, sald the project is _ unique in that it will be the first time that any + university group in Canada has undertaken an in- tegrated sludy of natural resource use. "Up to now’, he said, _ “there have been isolated ... and aporadic efforts by economists in Canada and * elsewhere to come to grips “,. with many of the problems * related to the management of natural resources. “But these dispersed efforts have not really resulted in any useful data or recommendations. Many areas of natural-resource policy — mining, for example — remain almost el books. “We don’t even know whether we are asking the right questions about many aspects of resource ex- y+ ploitation, This con- centrated grouping of 16 UBC specialists, all of whom have teaching and research experience in the area of natural resources, will enable us to. mount a large-: scale crash effort to illuminate these questions.” Prof. Scott, who is currently serving as a i: coordinator of the project, » said one reason why the : problem of natural-resource management had not been tackled on a_ large-scale basis lies in the phenomenon of uncertainty that surrounds such things as resource tenure and the allocation of resources over time. “In the field of natural resources, one isn’t dealing with a factory-produced, standardized product thal can be analyzed in terms of its production “Where produced a factory- airplane that this year’s model is the same as last year’s, the opposite applies to ore taken from the ground or a sockeye salmon taken fram the Fraser River. “This year’s lump of ore or fish is not the same as last year’s, and furthermore you're dealing with an exhaustible natural resource that jis altered through mining it or fishing for it. “Add to this changing . world conditions in the demand for natural resources and you create an element of uncertainty and an absence of stan- dardization that results in a lack of guidelines for decision-making by governments and industry onsuch questions as when to VANCOUVER ISLANE HELICOPTERS LTD. = y. . any 7 .» Ud ee’ Lab : CHARTER & CONTRACT! ; FLYING. ~ TAKELSE LAKE! “SEAPLANE BASE. “Pilot Manager: Mel Johnstone. 635-7039. se and § distribution costs,” he said. is | standardized to the extent Tim exploit or not to exploit a. resource, and what its real value is.” . As an example, Prof. Scott cited the various policies of governments and the protests of industry concerning taxes and royalties in the mining in- dustry. “There is no reliable data available to either party on the relationship between the cost of mining copper or coal and the price at which these commodities are sold. As a result, taxes and royalties are imposed on a haphazard basis without even the harest policy guidelines. “7 don’t expect that our studies will tell govern- ments and industry how to solve taxation and royalty roblems in every instance, but one of the prime aims of our project will be ta develop analytical techniques and generalizations that will enable both parties to ask the right questions about the way in which a_ specific natural resource should be exploited, taxed managed. Prof. Scott said UBC has the largest group of economisis in Canada — “and perhaps anywhere”’ — who are interested in the economics of natural resources. ‘“'This con- centration of expertise could mean areal breakthrough in terms of a mass attack on the problem of the economics of natural resources,” he said. Here is a list of the UBC faculty members involved in the study and the areas they will be exploring. — Prof. John Helliwell and Dr. Ernst Berndt will deal with various aspects of energy policy. Prof. Helliwell will also carry out independent studies on pricing policy and the movement of gas and oil. Prof. Paul Bradley and Dr. Harry Campbell will research the economics of mineral exploration. Dr. Bradley will also study technical. and. economic factors related to petroleum reserves. Dr. Gordon R. Munro will specialize in fisheries problems. Prof. Philip Neher will deal with capital theory and how it applies to natural resources. Prof. Peter Pearse will specialize in forestry topics. Prof. Scott plans to ex- plore governmental arrangements for resource planning over time. Dr, James E. Wilen will be involved in empirical aspects of optimal resource oe chester Wads. and ta xation. : Dr. Russell Uhler, af statistical expert, will use § statistical techniques to estimate reserves of natural E resources, and will also be & responsible for development & of a data bank for use by the research group. Each graduate student working with one faculty member will tend to specialize rather more than most master's degree students. However, in their research and course work [a they will gain experience and familiarity with more than one area of natural- resqurce inquiry, Prof. Scott said, The graduate students will be ebject to all UBC fi course requirements. They will utilize the material - accumulated in their research to satisfy the thesis and essay requirements for degrees. “One of our real concerns in recent years,” Prof. Scott said, “‘has been to attract to UBC a number of out- standing graduate students commensurate with faculty interest in the area of natural resources. The Canada Council grant, and other funds available to support the students, will enable us to mount this integrated research program.” He said that one of the long-range benefits of the program to governments and industry was the creation of a pool of talent who would bring to their future jobs expertise in the economics of resources. “Many of the graduate students may choose jobs unrelated directly — to management,’’ he. said, “but the expertise they acquire in this program will always be there for future use in government and industry.” . Looking on the project as a whole, Prof. Scott described its future benefits as “incalculable, We ob- viously have British Columbia in the back of our minds in mounting this project, but our studies will not necessarily be confined to the West Coast. Gordon Munro’s fisheries studies will encompass both the East and West Coasts. “The research studies we produce should enable governments, industry and 4; related agencies to ask the right questions and refer to a set of generalizations and guidelines on resource management. RELOADERS SPECIAL | RIFLE and SHOTGUN | RELOADING COMPONENTS BULLETS - PRIMERS = WiNcHESTER Dupoint Powder, RCBS Reloading Equipment, dies and Shellholders. Shot size 7% (25 Ib. bags) Double A Win- ' “INTRODUCTORY OFFER” We will prepay freight for the month of July ’76 FAR WEST SPORTS Prince Rupert, B.C. - natural — resource — NOSLER — HORNADY of dances from various parts of Italy. Sener Italian cancers at the Folkfest in Terrace Saturday with one of a variety Children’s safety on airplane Throughout the year, but particularly during school oliday periods, many parents send their young children via CP Air to visit grandparents, other relatives or friends in distant places. Children from five to 11 years travelling without an adult escort are accepted on CP Air flights provided they are accompanied to the airport of departure and met at their destination by a responsible adult. Each child’s parent or guardian must fill aut a standard advice form prior te check-in. This must show the child’s name, age, travel arrangements, and the names, addresses and telephone numbers of his parents-guardians, and both the person accompanying him on departure and Meeting him on arrival. Parents are responsible for ensuring the child is in possession of all travel documents required during ° passage to and from his destination. Unaccompanied minors-- or UM's as they are called in the airline industry--are given a brightly colored badge at check-in. which they wear for the duration of the flight. This identifies | them readily to both ground and flight personnel of CP ir Where seat selection is available, these children are generally situated close to the flight attendants’ station on board the aircraft and .&: 1 1973 BRONCO’ 624-2568 are boarded ahead of other passengers by a CP Air passenger service representative. A flight attendant is assigned to care for the child's needs until he is met by another ground hostess when de-planing at his destination. She will then see that the child is united with the adult awaiting him. In the event an unac- companied minor is not met, the parents-guardians retain responsibility for costs incurred by the airline in ensuring the child's safe custody. = LAUGHTER: “A universal bond that draws all men closer.” Nathan Ausubel m Victoria Pa areas. The Institute of Chartered Accountants of British Columbia needs a supply of university graduates who are prepared to live and work outside the Vancouver- metropolitan This need was disclosed to the Commission on @ University Programs in Non-Metropolitan Areas which is now holding public fF hearings. The Com- missioner, Dr. William C. Winegard, was appointed by Education Minister Dr. Pat McGeer to advise on academie and professional programs outside the two metropolitan areas. The Institute said in a brief that there is an urgent need for a_ university program in the non- metropolitan areas of B.C. as ilrelates to the profession and to students. In a survey of 108 char- tered accountant firms it was found that firms outside the “corridor” have greater difficulty recruiting chartered accountant students than firms in Vancouver. The majority of students prefer to live and work in Vancouver. The students prefer firms .in larger cities because they have in-house training programs or access to training facilities. Smaller firms in the interior do not have this facility. ‘Community colleges lack suitable courses lo keep students abreast of current developments in the profession, the Institute Vancouver-Victoria brief said. The Institute said that, in addition to a supply of students who will work in non-metropolitan areas, it needs: Senior business courses (particularly advanced accounting an management information systems) to be made available in smaller cen- tres. Courses to be presented in evening programs and short summer sessions. The development of an- effective’ ‘Commerce program that fulfills the Institute’s education requirements. “In addition to problem- solving courses we believe potential CA students should ve some exposure to the academic and social en- vironments which higher education can provice, ”’ the Institute said. Groups appearing before the Commission are asked to declare support for one o five education “models.” The Institute said it supports the university model whereby a ca- ordinating agency would rovide courses to various ocations where there would be resident faculty mem- bers to provide lecturere and tutorials on a regular basis. To a lesser extent, the Institute said, it was prepared to suppor e fradilional university model with a central campus. resident faculty and face-to- face teaching in one or more interior locations. >| 4 Serrere reeves Bl $4395 ‘$4895. 4x 4 Auto. Trans. V-8 1975 DODGE ‘Club Cab six standard Pickup 1975 FORD | 1974 TOYOTA Pickup Long Box 1974 VOLKSWAGEN $3395 Dasher. 4 speed trans., radio 1973 DATSUN ~~ $9595 610 St. Wagon 4 Speed. ‘1972 COURIER Pickup: $21 95 $2695 If °4 cyl. Standard. Rebuilt Engine. 1973 CAMERO V-8 Auto. Trans. Excellent. cetemnter err ont ‘Motor al “" DO0727A 631 Keith . a> Brian Kennedy F250 Camper Special, V-8 pute tra P OOO . 1971 DODGE Lorne (Marty) Martin Eig t 1973 DATSUN 240Z 4 Speed, 1972 INT. Scout 4x4. 4 speed. 1975 FORD, Fioo Super Cab., V-8, av trans., trailer package. - $4395 $3395 $5995 1974 MAVERICK. $3695 Grabber V-8, Auto, Trans, 1974 DODGE Svea. ‘4x4 Va Auto. $5295 Coronet | Wagon V-8 Auto, Trans $2295 CLEARANCE SALE 11975 Bronco, Cougar Demos | Terace Toten Ford] Sales Ltd, 535-14