Winnipeg Free Press

Winnipeg Free Press (Newspaper) - July 12, 1968, Winnipeg, Manitoba 20 Winnipeg press Friday july 12, 1968 travel tax delayed Washington the . Senate finance postponed action on the administration s travel tax proposals pending further hearings at which opponents of the legislation will testify. The delay coupled with Congress Hope for adjournment in Early August raises the possibility that the travel tax legislation May die. But Senate and Treasury sources said the legis lation remains at least barely alive and at least some mild legislation still could be cleared by the committee. Kentucky Fried corp. Nashville Tenn. Do Kentucky Fried Chicken corp. Said it acquired nine chains of formerly franchised retail outlets which will add million in sales in the next 12 months the company agreed to pay either Cash or common Stock for the acquisitions but Delince to state the Purchase Price. The nine chains operate 83 Kentucky. Fried Chicken retail outlets markets from Honolulu to Pittsburgh. The acquisitions bring the number of company owned outlets to 228 and franchised outlets to about expand Unity Salt Plant Regina do Dom tar chemicals Ltd., wholly owned subsidiary of Dom tar Ltd., plans to spend million in a two phase program to More than double the capacity at its Salt Plant at Unity sask. Capacity figures weren t disclosed. First phase is scheduled for completion by the fall of 1969 and the second at an. Unspecified later Date. Kodiak Pete Purchase Toronto do Kodiak Petroleum Ltd. Is purchasing All of the issued shares of Pat operators Ltd. From Royal Canadian Petroleum Ltd. For shares subject to special meetings of shareholders of both companies. Pat is an Oil service company and holds producing properties in the Lloydminster heavy Oil Field of Alberta combined production of Kodiak and Pat will approximate barrels daily. West German Dupont Wilmington do Dupont co. Began commercial production of Dacron polyester fiber at Une trop West Germany and said the Plant s yet to be completed Nylon facilities will have to be expanded to meet increasing demand for Nylon from the european carpet Industry. The Plant for which construction began in 1966, opened to Dacron Staples Tow and Fibre fill lines and will soon begin making Dacron filament yarns. The Nylon Plant is in the test production stage with commercial production of bulked continuous filament for the carpet and upholstery markets expected to begin within the next few weeks. Former athlete s business booms North . Fergusson got into Oregon state University in 1957 on the strength of his could run a fast mile. But his athletic scholarship gave him enough insight into University and student life to build a Multi million Dollar Busi Ness. On his first summer vacation at Home Here he created a desk blotting pad for University of British Columbia students. He persuaded a number of Vancou ver merchants to buy Advertis ing space on the blotter added a full schedule of ubic sports and social distributed the blotters free to All the students. The next year he was preparing blotters for other universities and in no time he was Mak ing a profit on advertising sales of today the Campus blotters Are being distributed free to 143 universities in the United states and 14 in Canada. Every summer he employs 18 students from ubic and Simon Fraser University to tour the continent Selling advertising for the blotters All of which Are printed in Vancouver. The students make enough to pay their Way through school. On a business trip East in 196, Fergusson met Cortes Kandell who was working in a similar area. They amalgamated and Fergusson s collegiate advertising became National student marketing .corp., with Headquarters in Washington . Within two years Fergusson now 31, and Randell 32, have built a business earning a year with a net profit of More Titan As the business expanded Don brought his brother Robert in and he now handles the entire blotter operation. Meanwhile the firm also has a contract now with a leading . Maga Zine to handle its sales in Doz ens of universities. The company also handled the american airlines plan t Callow students to travel at half fare if they were willing to stand Down when the plane was filled with full fare passengers. In addition Nam provides Stu Dent surveys for customers. Giving away samples is a popu we specialize in providing our customers with the names of the recipients of the gifts their reactions to it and any other required Don Fergusson said in an inter View. Among Large new accounts tha company includes Eastern airlines Columbia broadcast ing listerine Ford motor and american motors. Nam also provides a summer employment guide which lists More than summer jobs at Home and abroad and opera Tion match a Blind Date com Puter with such diversity the firm reaches a Large segment of the continent s University population and is optimistic of East future growth. Hughes hearing new York a a . Federal court hearing has been set for today on a motion by american broadcasting co. Inc. To Block Howard r. Hughes and his companies from acquiring control of Abc. Lawyers for the Hughes inter ests agreed to produce wit Nesses Friday for a hearing on the Stock Purchase dispute but declined to accept Legal papers for Hughes himself. An order to show cause Why an injunction blocking Hughes attempts should not be issued signed today by judge Dudley Bonsai was to be sent by registered air mail to Hughes at the desert inn Hole Las vegas Nev. Abc had failed wednesday to get a temporary restraining order to prevent the Hughes interests from buying Abc Stock. Abc claims that the Hughes bid for control would violate Federal anti Trust Laws and would tend to create a Mono Abc urged its stockholders in full Page newspaper advertise ments today to reject the Hughes offer. The message was in the form of an open letter to stockholders from Leonard h. Golden Sori Abc president. Hughes tool offered a share a total of Cash. It said that if More than shares were offered it might elect to buy them. Abc has common shares outstanding. Goldenson said the offer is substantially below the intrinsic per share value of new Cheque guarantee card to be introduced Toronto up Bank of Nova Scotia will introduce a Cheque guarantee card in Toron to Hamilton and Montreal next week and by october the Bank expects to have the card Avail Able in All of its 710 branches across the country. The Scotia Bank Cheque guarantee card is a plastic laminated card which carries a color photograph of the Holder. The decision by the Bank to begin its own system rather than use the charge card to be issued by other major Banks next month shows a different approach to the question of How Canadian Banks t can expand consumer credit activities using a card system. F. William Nicks president of the Bank said wednesday the new card eliminates the risk from a Cheque transaction be cause it positively identifies the Cheque issuer a and guarantees that the Cheque is As Good As Cash. The Bank of Nova Scotia approach is basically the same As that followed by the Chase Man Hattan Bank of new York and Marine Midland group. The charge system is the same As that employed by the Bank of America National Trust and savings association san Francisco in its Baniameri card. With its card system Scotia Bank does not have to sign up participating merchants. It Sim ply. Guarantees that it will pay any Cheque for any amount up to to anyone accepting the Cheque guarantee card As identification. Cheques Are written by the Bank customer and if his account goes into overdraft he is charged an interest rate of one per cent a month. Cards Are not mailed out unsolicited. Individuals wanting a Scotia Bank card will apply at their Branch and be photo graphed there by a Bank employee. A credit up to is established at the time of application. The charge card to be used by the Toronto Dominion Bank Royal Bank of Canada Cana Dian Imperial Bank of com Merce and Banque Ca Nadienne Nat Onale is More like a depart ment store credit card. But it can be used at a Vari Ety of competing businesses. Merchants accepting such a card have to sign at a Cost of plus a rental charge for their credit card in Printer and a four to six per cent discount on each charge handled by the merchant to the Bank. Charge cards will be mailed out to about customers next ninth in Toronto and Montreal. John Meyer says a comeuppance for others in France s difficulties satisfaction expressed at the embarrassment of president de Gaulle and there has been much of this too much is dangerously Short sighted. The gaullist regime could have caused even greater difficulties for its trading partners from its former position of weakness than from its present position of strength. Political in origin the strikes against that regime will have economic consequences which though Only dimly to be discerned at this stage Are frightening to contemplate. Eventual devaluation of the franc is now commonly assumed. It won t come about immediately probably not be fore the autumn if then. It will be preceded by a hot summer of intensive speculation against it which will keep the Exchange markets of Europe and America in a continual turmoil. Neither Sterling nor the Dollar can be expected to escape the backlash devaluation when it does come could particularly hard blow for Sterling in the British dependence upon exports to France. The extent to which the franc has been weakened is difficult to determine. Francs can t be had from the Banks when the Banks Are closed and can t be converted As they become Avail Able when the european Exchange markets have suspended transactions in them. French authorities can bring massive support to the franc from reserves in excess of billion but not without major conversions from Gold. At last report the French held billion of reserves in Gold million or so in foreign Curren cies. Usual resort of the French in times of crisis is to Gold. The Gold Price did shoot up at the beginning fell off and has risen again. The British and Ameri cans initially at least were afraid that the Rise in Gold would encourage a renewal of conversions out of Sterling and dollars. French offerings of Gold for currencies needed in Exchange Market operations could put a Damper to the Rise and Inci dentally provide the ironic spectacle French buying up their country s reserves. Another possibility is conver Sion of francs into Deutsche Marks. This is now the Strong currency of Europe too Strong in the opinion of those German politicians arid Bankers who want to avoid another upward revaluation. The British can derive a wry satisfaction from any strengthened demand for d Marks. Upward revaluation w o u 1 d take some of the competitive pressure off British exports to Europe it might even compensate for losses from the devaluation of the franc although to Hope for the former on the grounds of the latter is to Hope for too much. These Are the external considerations. They arise in the internal expectation of quicken ing inflation induced by higher prices and declining productivity. The concessions the re Gime is prepared to make Are dangerously risky to internal stability they fall far Short of what the strikers Are insisting upon. These Are but the surface manifestations. What of the deeper implications for the governors of other industrialized nations trouble1 the sleep of All Western politicians. At the Root of the surprising endurance of the the resentment a i n s v one Man Rule aside is l. The Rise m expectations far in Advance of the French Economy can afford. The French have been relatively Well off with a Rise in real spite of. Price increases of three to six per cent a year of about five per cent a unemployment has been relatively Small indeed on to Valancey the f n of Economy has to relatively stable but consistent Rise in affluence. This is now to be sacrificed to it s your business demands which far and away exceed anything the Economy Cari afford even with the widespread diversion of funds from Long term investment to Short term consumption. That tendency was at least partially checked in Canada last year but it is by no Means wholly checked nor is it checked yet in the United states. The question posed for All governments is to what extent rising expectations can be accommodated within the Frame work of their economies before it gives Way to uncontrolled inflation. Or. Meyer is financial editor of the Montreal Gazette. His column appears the free press. Success in a sesame Bun by David Quintner Montreal business acumen wrapped around a sesame Bun and sliced beef is reversing a Long established trend in International food franchising. Less than a year ago the first Baron de Boeuf Sandwich bar opened Here offering a limited menu of sliced beef or Ham Knock Wurst soft drinks and Beer. It was a recipe for almost in Stant Success even in the face of constant Competition from the Many . Food chains in can Ada. Today in their already cramped quarters in Montreal the firm s executive officers All but one of whom Are Cana catering to a rapidly expanding Empire of 16 bars and drive ins in Quebec on Tario new York and new Jer sey. A further -11 site s Are under construction in Ontario and que six in new York City four in Washington d.c., and daily the applications for franchises arrive Here and in the com p a n y s recently opened new York office. Claiming a new approach in rapid service food delivery minimal staff and Low Over Heads Baron de Boeuf Sand wich bars Ltd expects to in crease its franchise holders seven fold within the next 38 months among them possible locations on Canada s East and West coasts. Michael b. Divine 40, general manager of the Baron de Boeuf organization says the company is already the Leader among roast beef Sandwich chains in Canada. Volkswagen safety belts too Slack Toronto up about Canadian Volkswagen owners will be asked to Lake in their 1968 cars to have the safety belts made More effective a spokesman for Volkswagen Canada Ltd. Said today. Frank Segee of the company s Canadian head office said the United states company Volkswagen called in its 1968 models to have Spring Metal clips installed in the Belt buckles. The move followed complaints from some ". Owners that the three Point combination Lap and shoulder harness sometimes loosened he said. They be. Veer would have Given under they said or v but our research has shown the belts Are More effective when i kept taught and these clips Wilt make sure they Don t Slacken at he said letters will be Canadian owners within a few Days asking them to b ring in their cars. Installation will take Only a few Nii nutes arid will1 be a combination of a Fine product Good distribution facilities and Low overhead expenses indicates we have found a most profitable he said in an interview. After All beef gets to a larger segment of the total food Market than any other product except milk. Coupled with the Low Cost of our most expensive single item is 80 cents seem to have found what the Public wants. What the Public does indeed appear to want is the Standard menu developed in Montreal which the company maintains throughout its bars and drive ins with Only slight variation for local preferences. An unusual feature of the company s distribution operations is a Central commissary in each City where the bars Are located. The food is prepared cooked cooled in the Central Kitchen and then delivered to the Var ious locations. There it is heated and served to order. In Montreal where there Are nine bars we have a staff of Only four preparing the or. Devine said. With the company expanding so rapidly or. Devine is reluctant to discuss its financial statistics. Under the profitable Symbol of a 16th Century plumed French Knight designed by company president Robert lib Man the Only american in the company franchises Cost a minimum of each with a Down payment of and the balance payable Over 10 years. But we expect in fact it s Al most required that the fran Chise Holder recover his costs in three to four or. De Vine said. The franchise seeker is offered a site selected by the company a Canadian designed building and apart from a per cent fee on Gross sales pays nothing further. The promotion staff and All other incidental Are handled by the company. With plans to establish master franchise operations in the maritime and in British Columbia next and almost daily inquiries from interested parties in the ., the company can see no limit to its Success. Food economists have drawn charts and written books on the foods which Are constantly in demand and we seem to have the kind of product which will be popular for a Long time to Devine said. Mclaren hotel monthly weekly rates across from arts Centre special croup rates a Coffee shop Beauty Par Lor Barber shop Bever age room Bank new air conditioned ro6ms children free free parking main fir Rupert we 3-8518 Winnipeg devaluation beginning to work in Britain London a Britain Nar rowed her Trade month and Cut the size of its import Bill the Board of Trade reported today in its first statistical Indi cation that devaluation is begin Ning to work. Although the country was still in the red on overseas Trade last month by the underlying trend made immediate Impact on the foreign Exchange markets in London and pushed the Pound sharply up by about one Quarter of a cent. I m p o it a which had been sucked into Britain by a con Sumer spending spree earlier this year and by Industrial stockpiling showed a Sharp tur n a r o u n d. They dropped by to at the same time exports and re exports continued a slow but climb rising by to this gave a crude Trade Gap of also Down from May. Auto leasing attention professional and businessmen for your Auto leasing needs see de Funk Penner Dodge Chrysler Winnipeg Ltd. 3oo Pembina key. Pm. 474-2316 Flexo plate engraving services Ltd. Announcement e. G. De Madden at a recent meeting the Board of directors of Flexo plate engraving services limited have elected or. E. G. Edas vice presi Dent manager of sales and marketing. Or. Madden comes to us with 18 years experience in the advertising Field in East Ern Canada. Flexo plate Brad Ford Winnipeg "21, Man., plat making services to the Erer expanding Western Canadian flex graph in printing Field. Or Madden will be personally contacting our Many friends and. Accounts in the very hear future. Profits from shipping a and u Surace crude deficit Al most by half. The visible deficit dropped by to Best one month slash in the deficit since devaluation of the Pound last novem Ber. The government Board of Trade said the made despite several Adverse factors among them a drop in Trade with France because of the crisis there. In addition overseas deliveries of ships and planes which usually vary erratically from month to month Down in june. For Sale Good coarse gravel pit approx. Yes. Within 30 Miles of Winnipeg Box 1116, free press for Sale prestige Motel in the Okanagan Valley . This Motel is new and Ultra modern has Large swim Ming Pool kitchens Large pacing lot. Priced to sell. No agents please. Box 932, free press mechanical engineers technicians craftsmen with experience in heating and air conditioning projects required by consulting engineering office. Positions open system designers construction supervisor. Salary commensurate with experience. Apply Klein Roshevsky associates Ltd. 340 Hargrave place phone 947-1248 for rent retail office space shopping Centre is. Boniface Provencher pcs neurons Large new now under construction can Supply air conditioned space for drug store Beauty parlor professional office space or other retail outlets at reasonable rates. Opening december 1. 1-968. Call Cordova development co. Ltd. 214 2281 Portage ave. Days 832-1371 eggs 452-6639 government Purchase from Crown assets corporation 4-Prawer All steel new condition Legal size filing cabinets limited Quantity plus Prev. Sales tax roller bearing guides divider in Uch drawer heavy gauge steel construction full Roll out drawer for easy Access special note for. Storage of old files and records Fibre Wood 4 drawer Legal size Fibre Wood s20.qo special attention to garages service stations a theol at Well Ai Farmers knew where your records Are when you want them write phone or Call Vern Brown Assoc s 640 Mcgee Street Winnipeg Manitoba phone 774-9637 v oily from 2 to 5 . Public notice no Reserve my special government surplus equipment Purchase auction Sale inside at 166 Garry St., Winnipeg Man. 2-Days-2 tucs. Wed., july 16-17 7 tuesday Nite 7 . Sepien King Cabinet office chairs All business machines steel and double Pedestal desks dictate machines stationery cabinets steel Weed and 4 drawer letter Legal size filing cabinets Olivette Underwood typewriters tables air conditioners air coolers outdoor counter or Patio lights and other equipment such As Burroughs Tim Etc business machines National Cash registers and articles too numerous to mention. Doors open each afternoon Day of Sale for preview 2 to 5 . Wednesday Nite 7 . Similar equipment a on tuesday along with a Stock of lamps fans Flat aware hid Alf office equipment to Clear up the balance of an estate. Hundreds of articles far too numerous to mention. Terms Cash or Cheque All sales final no exchanges or refunds goods mint be removed from premises not later Totua thursday july Lith 430 accept m responsibility for errors or deletions. Auctioneers Vern Brown associates for further information or listing write or phone to 640 Mckee St. 774-9637 Winnipeg special preview Days of Sale 2 . To 5 ;