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C.A.C. te challenge
Air Fare Hike

CAC President Jim O'Grady
loday announced that CAC is
asking for a public hearing
before the Canadian Transport
commission to examine the
proposed increase in air fares
due to take effect an July 21.
CAC will be challenging rate
increases filed by Air Canada,

CP Air, Eastern Provincial,

Pacific Western, Quebecair And
Transair. Air Canada and CP
Air increased their rates by 10 -
ercentin February and are now
proposing a further 9.5 per cent
increase. The smaller airlines
have followed a similar pattern.

The airlines claim thal the
change in rates is necessary to
meel increased custs and cite
fuel costs as a Major problem.

CAC believes that no
regulated air carrier should be
allowed (0 inlraduce a suc-
cession of rate increases of this
magnitude without proper
public disclosure and
justification for the need for
such an increase. As. tran:
sparlation is one of the basic
services of the Canadian
economy and as itis the avowed
poley af the government to
combat inflation , the proposed
tariff runs contrary lo
government policy and may
therefore be prejudicial to the
public interest.

As an example, Air Canada’s
fare were increased by. 10 per
cent in February and a further
9.5 per cent increase is
proposed, a mere five months
later, This is a compound in-
crease by less than 10 per cent
in the Jast year. While the cost
of Fuel may have risen sub-
stantially as a percentage of the
airline’s operating costs, il
could not have been so greal as
to justify an increase in tariffs

of such magnitude in such a
short time.

As Canadian fuel prices have
been below Internalional
market prices for several
‘months, the airlines have been
able to purchase fuel for the
local use aata lower price than
for International use. There is
no evidence that this has been
taken into account in the setting
of |ocal airline prices.
Averaging Euel costs and setting
rates accordingly may result in
the local air consumer sub-
sidizing international
Iravellers, which CAC believes .
is unreasonable and unjust.

The fact that six air carriers
all filed their proposed tariffs on
June 21,1974 indicates thal the
increases may be in con-.
travention of articulated
government policy on combines
and therefore contrary to the
public interest.

Other regulated companies,
such as Bell Canada, haye been”
frequently subject to derailed
public scrutiny before “the
Canadian TransporL Com-
mission. CAC has also applied
for leave to appeal the recent
increases In passenger fares
filed by CN-CP, but there have
not been any appeals or formal
objections made Lo the airline's
tariff increases in the recent
past. In fact, the airlines have
been allowed to increase rales
in relative obscurity. ;

“The Consumer’s Association
of Canada believes that no rale.
inerease of the magnitude
proposed (up to 20 per cent
within § month) shauld be
permitted without proper public
justification al a public hearing
where the vioce of the consumer
has a fair opportunity to be
heard. :

W.W.LA. Asks for

. ‘The NorthWest ump ag
loday requested the Hon. Bob
Williams Minister ef Lands &
Forests 1a review the New
Stumpage Appraisal syslem in,
order to establish a more
realisitie system to avoid Saw
Mills from closing down duc to.
anaverage 22 per cent increas€
in siumpage rales in some
cases 90 per cenl on some
limber sales, this is happening

SEE YOUR

bedroom units.
month.
reliable party.

VIEW LOT .
’ On: the bench, One of

quick cash sale.

FIVE ACRES

further details

CONTACT:

Real Estate

3] SELLING

INVESTMENT OPPORTUNITY

Two duplexes on approximately onc acre lot
i close to schools. Two 7 bedroom units plus two 2
Gross revenue $730.00 per
Low down payment will handie to &

Your Enquiries are Invited!

available on both sewer and water.

BR With small house, shop etc.
anxious to feave and must sell.

Come in and discuss details with us.

YOUR ENQUIRIES ARE INVITED

puD MCCOLL
635-7662

-—— MeGoll ——

| 4609 Lakelse Ave :
Terrace B.C. __
Phone 635-6131

al the same time as bad Markel
conditions. This spells nothing
but trouble in the months,
ahead.

Rim Forest Products
closed taday, for a Minimum of
30 days, this alone will displace
many workers, Logging Con-
tractors and Truckers. Action

_ must be taken now before other
Saw Mills in the Province close

for [he same Treason.

REALTOR

the very few view lots
Priced for

Close in, Owner
Contact us for'h,

JIM TUCKER
635-3052

Services Ltd

Finning Board to

Finning’s board of direttors
will hold thelr quarterly
meeting in Terrace July 19-20 in
conjunction with the expansion
of company facilities here.

In attendance will‘be W.M.
(Maury) Young, chairman. of
the board and chief executive
aificer; R.E. (Dick) Lane,’
president and Chief operations
officer; F.C. (Bob) Biss, vice-
president, parts and service;
1D. (John) Frazee, vice-
president sales; V.K.. (Vin),

Ea
Young:

‘Maury’
Chairman of the board and
Chief Executive Officer.

W.M.

Finning
~WM. “MAURY YOUNG,
Chairman of the Board and,

Chief Executive Olficer. Sincé
1948, he has held various
managerial positions with the
company, assuming the
Presidency in 1962. He holds a
Bachelor of Commerce degree
from U.B.C. and a Master

Science (Management) degree
from the Massachuselts In-
stitute of Technology. In a
genior reorganization in lale
1973, he became Chairman of

the Board and Chief Executive
Officer. .
-RE, “DICK” LANE,

President and Chief Operations
Officer.

Joined the company in 1946.
and has served in various sales
management positions. Prior to
appointment as. Executive Vice
President In 1966, he was
responsible for all marketing
operations of the company. He
was named President of the:

é *

, Development proposals
4:00 P.M, July. 31st, 1974,
following parcel of land, legally described as:-

). The property is situated on Te:
comprises a site of 16,500 sq. ft, with
Avenue. The Property ls zoned ce

Meet

Soad, vice-president, finance,
and H.C, (Clark) Bentall, J.C.
(Jack) Gilmer, T.E, (Tom )
Ladner, and J.R. (Ross)
Lemesurier, directors.

Arriving by commercial and
eompany aircraft Friday, duly
19, directors will hold business

meetings in the afterncon’ and -
host a reception for Terrace,

employees and their spouses in
the evening, both at the
enlarged plant.

Board meetings will continue

R.E. "Dick ’ Lane - president
and chief operations officer.

THE HERALD, TERRACE, B.C.

in Terrace . Crown Zellerbac

Saturday morning July 20

followed by a noon luncheon for ©
civie and business leaders ,
hosted by Finning directors.

A reception and tour of the
expanded facilities “Will” be
for frivited guests in the al-
lernoon. ‘

This will be the third direc-
tors’ meeling held outside
Vancouver in conjunction with
the company expansions, Other
meetings were held in Cran-
brook and Yernon. ~ ;

Carl Cederberg is manager of
Fianing operations in Terrace.
Carl joined Finning's engine
department in 1970 and was
engine sales supervisor before

taking over as Terrace
manager at the beginning af
this year. -

Board of Directors

company in 1973. -

-R.C. “BOB” BISS, Vice -
President, Parts & Service.
Has been in the company for 32
years, In that-time has served
as Vancouver Parts Manager,
General: Parts Manager and
Manger, Parts & Service- He
was appointed Vice President
on January 1, 1970.

- 3D. "JOHN" FRAZEE,
Vice President , Sales. ‘

He has held several senior
sales positions since joining the
company in 1950. Appointed
Vice President in 1866. He holds
a Bachelor of applied Science
degreé in Mechanical
Engineering .(U.B.C.) and a
Master of Science
(Management) degree from
— V.K. “VIN”: SQOD, Vice
President, Finance.

Jolned Finning early in 1968,
appointed Vice President in
March; 1969, He isa Bachelor of

hee

_ Lots 24 to 28 Inclusive,
Block 4
District Lot 369
~ Plan 972
Range 5,
Coast District ;

Science, a Chartered Ac-
countant (Indiajholds a Master
of Science (Management)
degree from MIT, 9.

-H.C, “CLARK” BY BEN-
TALL, Director. . ;
President of Domion Con-
struction Co. Ltd, Vancouver,
one: of ‘the pravince’s largest
building construction firms.
J.C. “JACK + GILMER,
Director oo
President | and -' Chief
Executive of CP Air, Van-

couver. .
- T.E,-“TOM" LADNER,

‘Q.C., Director,

Pariner in the legal firm of -

_Ladner Downs, Vancauvdr.
2 ER.

largest: financial houses.

‘The District of Terrace

will be received by the undersigned until
for the purchase and development of the -.

, 4400 Block Lakelse Avenve i

crace's main commercial avenue and
165 feet-of frontage on Lakelse -
ntral commercial, ©. - -- to

” JACKGHARDY..

Clerk Administrator.”
3215 Eby Street: ‘

"Terrace, B.C.

“phone No. 635-6811

- RB. “Ross” -
LEMESURIER, Director”

Vice Presidentand Director
of . Wood . Gundy:. Limited.
Toronte,;. ane. of”, Canada's

af ne

.

va

Crown Zellerbach Canada

weakening wooed ‘Pp

raducts

Limited said today sales for the ~ markel thal resulted primarily

first half continued at record
levels but sharply increased
operating costs offset the sales
gains, causing earnings ta
decline fram a year earlier. .
The company reported net
earnings of $11.9 million or $1.49
per share on sales of $162.2

- million during the first six
months of 1974, compared with

net earnings of $14.0 million or
$1.97 pershare on sales of $144.7
million in the first half: of 1978.
President Robert G. Rogers,
saidin anadvance summary of
results for the six-month period
that matket conditions during
the period were generally.
favourable. He added that
strong demand in the pulp,
paper and merchandising
operations helped to offsel a

from a slump in housing starts
in the United States. :
He noted that the rising
premium exchange rale on the
Canadian dollar ts & further
adverse factor in export sales,
representing a penalty on sales
made in U.S. funds and
weakening the company’s.
competitive ability.

“phe inflalonary pressures
noted in our first-quarter report
continued to affect the company
in the second half. Costs of

WEDNESDAY, JULY 17,1974

h Report

tran-

aupplies, materials,
upplies have

sportation and labour
risen alarmingly, he said.
My the third quarter , @
major factor in the company’s
performance willbe our success
in dealing with production costs
that continue to rise steeply.
“Na siginficant changes in
market condilions are an-
ticipated, and we expect strong
pulp, paper and merchandising
performance. Any significant
improvement in wood products
sales will require a major in-
crease in housing starts.”

174 Ct] 1973

First Six Months First Six Months
Nel Sales $162,202,000 $44,675,000
Net Earnings $11,808,000 $14,005,000
Per Share Earnings $1.49 $1.77

Elks Not Only Agents for Lottery

Provinelal Secretary, The
Honourable Ernest Hall, says
that the British Culumbia
Lotteries Branch is the only
organization In the Province
authorized to distribute Lottery
tickets for the Western Canada
Lotteries.

Commenting on press reparls
which have appeared claiming
that a benevolent organization -
in New Westminster had been
appionted by the Provincial
Government lo acl as the
¢netral distributor for tickets,
Mr. Hall said,‘it is just not

true.’
- ‘Any non-profit society in the
Province may apaly for selling
agency stalus to help raise”
funds for their activities,’ said
the Provincial Secretary, ‘but
the applications must be sent to
the B.C, Lotteries Branch,
Parliament Buildings, Victoria.
The Lolteries Branch is the
only organization authorized lo
int peznission to sell tickets.’
Mr. Hail complemented the
Elks in New Westminster and
throughout the Province for
their enthudiasm and their good
works, bul said that in fact their
own applecation has not yet
been approved, and the

- distribution of Lotlery tickets to

other organizations could not
come within their terms of
reference. ,

‘Advertisements have heen
placed in all newspaper in the
Province,’ said the Minsiler,
‘informing non-profil
organizations of the opportunily
to sell fottery lickets. The ads
included an application form
which can be used when ap-
plying for Agency status.’

Tickets are due ta go on sale
in British Columbia on July
15Ih, with the draw for the first
Western Canada Lotlery lo be
held in October. A total of

$750,000.00 in prizes will be

awarded, with a top prize of
$250,000.00

Agencies licensed by the
Lotteries Branch to sell tickets
can earn up to $10,50 for each
book of 12 tickets sold. Tickels

‘will cost $2.50 each,

‘T would like to stress, that if”
any -

any organization had
questions about the Lotteries,
theyshould cantact the Lotteries
Branch at the Parliament
Buildings in Victoria,’ said Mr.
Hall

tte tyes tt

ASK USI

-- § Nights accommodation
~ Entrance to Disneyland

Depart Vancouver Aug. 18, 1974
FOR FURTHER INFORMATION AND RESERVATION CONTACT

Ouadra hrawel Senutees Ltd, ASK US!

[ome Disneyland

Tour Includes: -- Returnairfare Vancouver - Los Angeles - Vancouver
-- Airpart transfers from motel and back
.. All Airport and Hotel faxes

Return Vancouver Aug, 23, 1774

it Pays To Compare
YOU CAN WAVE ALL THIS!
FOR ONLY——-$ 92.00 Per Year,

$15,000.00 -
$ 1,500.00 -
$ 7,500.00 -
$ 1,000.00 -

Home
Outbuildings
Contents \

Theft (Away from hame)

$ 3,00.00 - Added Living costs ;
$100,000.00 -

Liability

The poticy has a $50.00 deductible and you can have a lower
premivm. for a $100 deductible. ;

If your mobile home can meet certain requirements, eg,
location YOU GAN HAVE ALL THIS!! eg. age &

“Come on - COMPARE AND SAVE TODAY!

.. SAFECO
(NEL AANCE

Mat ee

_ Wayne

4646 Lakelse Ave.,
Phone 635-6142

"You ‘can smile when you're with SAFECO"

ee a ee
ws Metta eat el pins ate te

N-& CURRIE LTD,

Braid- Insurance Manager
~ Res. Phone-635-2015

SAFE
Ieriirtring

coe Beno