Winnipeg Free Press

Winnipeg Free Press (Newspaper) - March 28, 1968, Winnipeg, Manitoba Winnipeg free press thursday March 28. 1968 securities overhaul debated Page Bill that advances a far ranging string of alterations to the existing act which was first passed in-1929. It upgrades the present legis lation in the following respects the Content and the filing and delivering procedures of a prospectus Are spelled out in detail with attention focused on providing a simpler narrative Type of prospectus More easily understandable by the investing Public. In the Bill there is a Manda continued save big on Renolds aluminium siding and trim 25 year warranty Spring Sale 20% off Renolds siding and trim n your buy come in let us show you the Dif Ference. Roofing Spring Sale 10% off 10 year warranty All Woik fully guaranteed Call for free estimate no obligation country enquiries Welcome 554 Pembina Hwy. I at Grant phone cd 2-2805 tory obligation to solicit proxies with every notice of a share holders meeting. Insider trading provisions must be reported and a liability is created for improper trading reports must be made Public and must be published periodically. Annual financial statements must be filed with proposed securities commission and the statements must be audited. Take Over bids would be regu lated by the proposed act which requires delivery of a take Over bid circular and fixes terms and conditions As part of each bid. Trading rules Are tightened considerably and a new Cooling off period for rescission of securities contracts Are included in the Bill. A list of stiff penalties is provided for any violation of the terms of the legislation or its accompanying regulations. In explaining the terms of the implicated and lengthy Bill or. Mclean also noted that amendments to the companies act will be forthcoming soon As a companion measure to the new legislation. He told the House that a automatic transmissions band adjustment Over haul All work guaranteed terms arranged Central automatics 1268 Strathcona St. 2 Block of Polo Park us 3-7408 government appointed commit tee of securities experts had examined the proposed Legisla Tion and advised the govern ment during the. Drafting stages. The same experts he continued have been asked to be present when the Bel is sent to the Law amendments commit tee after it receives approval in principle by the legislature. And to further enlighten the members or. Mclean has arranged to have the securities officials from his department conduct a briefing on the legislation next monday morn ing. But the minister s attempts to Speed the implementation of the new regulations did not sit Well with All members the House particularly Saul Cherniack although or. Cherniack welcomed the introduction of the legislation he wondered aloud at the government s haste. How can we possibly inquire into this matter without the Bene fit of debate and study of the Bill during second asked the nip Deputy Leader refer ring to next monday s briefing with government officials. He found it particularly irk some that the government appeared so intent on proceeding with securities legislation while in or. Cherniack s opinion the same government has been dragging its feet Over implementation of its citizen s Rem Edies code. I m not aware of any abuses in the securities Field that compare with the abuses in other 1 e g i s 1 a t i 6 n on the he. Said mentioning the need for an ombudsman for consumer Protection legislation and for a new expropriation act. I wonder whether it s be cause of Manitoba investors 10-Board lockout scheduled 4 boxcars ready for Korea mayor Harry tracer of the Pas man., who has been elected president of the Pas Branch of the Canadian red Cross society. Other officers Are mrs. R. S. Walton first vice president Paul Habbal Sec Ond vice president and mrs. Len Charles Secretary treasurer. That this has to be done so he asked. Why Haven t we been Given the time to Deal with other matters the. Government Iai promised that i consider More debate was. Adjourned by t. A Hillhouse Quebec hikes taxes by Stan Mcdowell Quebec City staff Quebec finance minister Paul Dozois announced tax increases totalling million in his budget speech in the Quebec legislature wednesday night. The new taxes Are a temporary per cent it for the do it yours Elfer of must Clear Short ends of upholstery drapery fabrics 54" widths variety of materials colors and lengths Price from to Elsaleta now from i 0 used foam rubber thick summer Camps cots boats Rev ?r66ms, Etc. Each upholsterers 2.00 797 notre Dame ave. No phone orders farm chiefs worried continued in the last few months How Ever prices have fallen drastically and producers have received a maximum a Bushel for the same Grade. The absence of an internationals wheat agreement recent months s coupled with a decline makes the future he said. It is hoped i the. Situation will improve with ratification of the inter National grains agreement june 30." sentence arabs Lydda Israel Reuters surcharge on provincial income tax to an increase of three cents a gallon in gasoline and diesel fuel and an. Increase of one cent a gallon in the tax on aviation fuel and fuel for stationary engines to yield an increase of the tax on tobacco amounting to four cents on Price of 25 cigarettes with a proportionate increase in the tax on. Cigars other forms of7 to yield increase in motor vehicle registration fees to yield million. An increase in the tax on Beer paid by the Brewer of eight cents a gallon and a five per cent increase in the Price o liquor excluding wine to yield million. An increase front one tenth of one per cent to one fifth one per cent of the tax on the capital of. Ordinary companies to jew million announced Gross budgetary expenditures of for the coming fiscal year. a per Cen increase from last year s figure of will account for per tent of total spending health 22.4 per cent and Socia the teachers society said it j would continue the he dispute 1 sanctions until Winnipeg Board agreed to include collective bargaining talks secretarial help for teach ers school parking for teachers allowances for teachers who Are department Heads permanent appointments o fill administrative vacancies like principal ships which open in mid year and. Appointment of senior school personnel to the open posts. The school Board says it is willing to consider the requests but As administrative matters not negotiated ones. But Aubrey Asper teachers society president said teachers would be Adamant in demanding voice in the issues. He said teachers considered this a. Fail ure to recognize their rights. Asked if Many teachers would resign from the Winnipeg Divi Sion Over the contract dispute or. Asper wednesday morning said1 he would t comment on rumours. A provincial collective agreements Board last week ruled that the school Board had bargained fairly with the member Winnipeg teachers association. And the. Collective agreements Board ruled that a conciliation officer be appointee o help Settle the contract. The school Board says the eachers contract is being hell up by salary demands the eachers Are asking 10.5 be cent and the Board has offered live per cent. The teachers say he four items which Schop the hungry children in Korea depend on Here is an up to Date list of donors to the free press Harley for Korea fund. Voyageur Tea party s10 Walter lower third 1s5 f. W. Belkle or. And mrs. A. Favel kids is mrs. A. A. Smith or Kevin Kimpinski s4 d. L. Mitchell Bank of Commerce staff w pans j. To Madowsky h. E. Arnos p. W. Sweet s3 h. J. Barrand Church w c. Marat s2 m. Is d. V Mcphall s5 i .-.k. Mccou if Brangan Brang emf 2 mrs. Mlis a Page Greg re Tii or. And Nith-s2 s. Sinclair s2 l. Hobbs is j. Anderson s2 e. R. . Davidson a. Dupe j. Debbie Lyon is mrs. A. Mogle e. M. Conrad 3 Willena is Mary Kul Rzycki a. Gora Arr son Sis j. T. Kennedy 14 g. Frame s10 or. V8nd mrs. B. O. Adgar and children is a. E. Nault 2 Myrna Pomer s25 Judy and Brant habits s3. Margaret using j5 b. Chalmers 10 Rev .1. Nyi Skolowski Scholle Kahan Virtich John w n your again. Jutt m Tho Block office in your neighbourhood for Fost you la Low Lott. Too. Ltd int vent. H l Ltd. Canada s urgent tax service with Over 100 of ice Central 98 Wpc. 1010 220 St. Man s m. St. James 2520 Kildonan 80s Winnipeg 945 notre Dame River Heights 1433 carry 1095 tra Scolia 112 recent weekdays 9 . To 9 p.m., i no appointment necessary record wheat payment Virginia style cooked Ham first Quality lean fresh gut As you like it. Thurs., fri., sat. Only special 99 la no. 1 Bacon 69 thurs., fri., sat. Only in. Bologna by the piece 3 lbs. Thurs., fri., sat. Only Crestview shopping Centre a South Dale mall shopping Centre Fornaci avi., at Cav Alith in Assiniboia on Highway no. 1 Ait South of Windsor Park this is going to be ii the Prairie Farmers Good for the Western provinces and Good for the Canadian Economy Gen the minister a said at a press conference outside the House. This amount of Money going into the West in cheques starting thursday is bound to be Good for the country or. Winters said the wheat Board has done a first rate Selling Job around the world he agreed that this new All Tome High final payment would be a hard when he was asked if the final payment could be matched next year. Producers delivered record total of bushels of wheat to the wheat Board in the 1966-67 crop Yeai including bushels of durum wheat. The Pool account Foi wheat was closed on feb. 29. Or. Winters informed the j House of the total paces i realized by producers prior to the deduction of the one per cent Prairie farm assistance act Levy on of some of the More. Important grades of wheat. The Farmers will receive a total per Bushel basis in store the Lakehead 01 Vancouver of ?1.98709 for no 1 Northern for no. I Northern for no. I Northern for no. Northern and for no. Wheat. The prices realized on the durum grades total for no. 1 cd Amber durum for no. 2, and for no. 3. Or. Winters said congratulations Are due to All involved in i the growing handling grading i transportation and Selling o wheat for their contribution to a successful marketing year. He paid tribute to the when Board. He said it has fully justified the Faith placed in it b parliament last year when the Powers of the Board were Madi permanent. 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