Winnipeg Free Press

Winnipeg Free Press (Newspaper) - July 19, 1968, Winnipeg, Manitoba Winnipeg free press Friday july 19, 1968 i by Sheldon Bowles with a smart swing of a geologist s prospecting Hammer Premier Walter Weir split a chunk of Northern 1 Manitoba Rock thursday and officially opened under Wood Mclellan arid associates limited s new office building in fort Garry. Why the geologist s Hammer the usual ribbon cutting scissors just would t have done the came the reply. Alright Why the Rock a now that is in recognition of Underwood Mclellan s extensive experience in Northern Manitoba and the increasing import Ance of the area to the provincial with the opening of the Square foot office the largest consulting engineering and town planning firm in Western Canada consolidated operations under one roof. Previously various departments had been scattered throughout the City at four locations. At the same time As the company opened the new fort Garry office it was announced that the company s executive offices would be moved from Saskatoon to Winnipeg. Among the executive officers who will take up residence in Winnipeg this summer Are . , l. W. General manager and a. W. Bean comptroller. The firm established in 1911, now has More than 400 employees in 13 offices across Canada from Toron to to Vancouver. In the Winnipeg office alone there Are 135 employees. Underwood Mclellan is installing an ism 1130 computer and related equipment which will be used to Check up on work the firm s designers. As Well As design analysis the computer will be use for general accounting purposes. The will be tied into com Puter centres in Toronto and the United states greatly extending its usefulness. Ours will be the first Engineer ing company in Western Canada to have this said Russell Good Manitoba manager. Underwood Mclellan which earned its Early reputation largely As a municipal engineering firm has greatly extended its Range of engineering services in the past 10 years. With the move to our new says or. Hood we will offer expanded services to our such Fields As town planning hydraulics Industrial and commercial design and construction management serv the town planning division established four years ago engages in All aspects of planning including Urban and development projects. The hydraulics and water resources division is in solved in the Churchill River diversion project part of the massive Nelson River Power development program. Western. Photogrammetry Ltd., of Winnipeg is a subsidiary Aerial photography company and provides photogrammetry in mapping services for such needs As pipeline and Highway route selection and design. Along the Avenue a. Q. Whitworth has been appointed operations officer passenger services Canadian National railways Prairie Region succeeding s. F. Lumsden who has retired. W. P. Zubrecky has been named passenger services assistant. J. E. Catley underwriters adjustment Bureau has been elected president of the insurance Institute of Manitoba while m. R. Ivey Gore Mutual insurance co., has been elected honorary president. M. G. Robinson Sun Alliance and London insurance group was elected vice president and Violet b. Parker Canadian under writers association was elected acting Secretary treasurer. Elected to the Institute s Council for the coming year were r. A. Pitchford a g. Tatlock g. A. Miller p. E. J. Lewis w. B. Gresham g. Douglas Stewart and n. H. Dickson. Space master minerals has announced they will commence work immediately on its property at Wallace Lake 15 Miles East of Bisset t. Negotiations Are under Way with several Large mining companies with a View to development of the property according to space master president c. H. Bethel. Results on space master s drilling program with tantalum mining corporation on the Shatford Lake property showed visible tantalum below Ore Grade. Although not Dis heartened with the results officials have not yet announced a firm continuation of the drilling program. London Market London Reuters a Strong rally in Gold shares Fol lowing South Africa s Gold pol icy statement wednesday High lighted activity on the Stock Market Friday. Prices were marked up sharply from the outset and went further ahead later to close with gains ranging almost to 10 shillings in the leading mines. Equities were More subdued but the firm. Undertone remained thursday s late gains in oils on the announcement of an alaskan discovery were fully maintained in today s Market and by gained More than 2 shillings. Strength in selected oils was also the feature of Dollar stocks. I m p e r i a 1 Oil was sharply higher. A Oil and Hud son s Bay. Oil however All fell a Point or so and the Over All picture was mixed. Strike tests prospective customers i in up to open accounts at the new Bank of British Columbia in downtown Vancouver shortly after the Bank was officially opened thursday by Premier w. A. C. Bennett and Bank executives. South Africa Sells Gold Pretoria a South Africa said had sold substantial amounts of newly mined Gold on the free mar Ket and to Central Banks without upsetting prices. Entry of the new Gold into the regarded As a Victory for the recently established two tier system of Gold prices and for attempts to maintain Confidence in the stability of the . Dollar. F i n a n c e minister Nicolaas Diederichs not say How much Gold had been sold but claimed these sales so strength ened South Africa s foreign Exchange position that no additional free Market Gold sales will be necessary or Are even contemplated for some considerable time to Diederichs said the Gold sales were made to test the capacity of the free Gold Market to absorb the Gold and that the sales had no effect on the Market Price of Gold. Under a two tier Gold Price system established this Spring the major countries Trade with each other on the basis of Gold being Worth us. An ounce. However Ori the open Gold mar Ket Gold is sold at whatever Price private dealers Are willing to pay. The two tier system was expected to thereby support the value of the . Long As the Price of companies the news Toronto up shares of Imperial Oil Ltd. Of Toronto Canada s largest refining com Pany Rose to a record on the Toronto Stock Exchange thursday following the discovery of Oil and Gas on the Arctic slope of Alaska. The discovery on a area held by Atlantic Richfield co. Of Philadelphia and Humble Oil and refining a subsidiary of Standard Oil co. Of new York. Imperial which is controlled by Standard Oil is expected to carry out drilling in the Mack Enzie Delta area of the Yukon this Winter. The company also holds permits to about acres 400 Miles East of the Dis covery area. Asbestos que. Up sales of Johns Manville corp. For the first half of 1968 set a record and earnings showed an improvement over1 those of the ame period last year presi Dent c. B. Burnett announced thursday. Sales for the first six months were compared to for the same period n 1967. To Date earnings were or per share of common Stock compared 4o 1967 s or per share. Second Quarter sales amounted to compared to in 1967. Second Quarter earnings were or per share this year and in 1967. Were or 88 cents. Or. Burnett said increased elected directors of Canada Cement the election of three new directors was announced following the annual general meeting of shareholders of the Canada Cement company limited on july 3 1968 Thev Are j. C. Mayne chairman of the Board Alberta Gas trunk line co. Ltd Pratte 4.c., president of Pratte Cote inc., Quebec and d. Senior partner of Thompson Dilts company Winnipeg. Sales volume reflected Moder ate gains in residential com Mercial educational and sewer system construction and High demand for Asbestos Fibre. The firm s products include construction materials. Free Gold did not climb too High the Price of Gold closed on the London Market at an ounce today about an ounce below the Price about a week ago. London Bullion firms expressed Surprise at tile Pretoria statement that South Africa has been Selling Gold on the free Market in the last few months. Dealers predicted the announcement will cause the free Market Price of Gold to Rise to or an ounce Friday morning. Fear of South african sales was believed to have de pressed the Price in free markets recently. South Africa stopped Selling Banks after the two tier Price system was announced. D i e d e r i c h s kept he termed a Golden silence while secret negotiations went on in world financial centres. South Africa s Gold pile soared. The Reserve Bank said wednesday that its stocks Are now Worth . At the official Price. South Africa produces 66 per cent of the world s Gold from about 50 mines controlled by six private firms. Some 35 per cent South Africa s Export earn Ings Are from Gold. London Bullion firms surprised London up London s Bullion firms thursday expressed Surprise at the Pretoria statement that South Africa been Selling Gold on the free Market in the last f new months. Dealers predicted the announcement will free Market Price of Gold to Rise to to an ounce Friday. Fear of South african sales was believed to have depressed the Price in free markets recent dealings bad finished for the Day before the news was known and the closing Range thursday was to an ounce. Bullion spokesmen however treated the. Statement by Nico Las Diederichs South african finance minister with caution. They said the. South african sales could not have been in very Large quantities despite Diederich s claim that they had been in Paris the disclosure that South Africa sold a substantial amount of Gold on the free Market in May and june came As a Surprise to French banking and Bullion circles. Belgian Bankers in Brussels said the announcement was a psychological move to counteract recent Selling which brought free sharply the Bankers Dis count a statement that South Africa had readied an Accord with Central Banks to sell Gold. They said it probably referred to. Sales of monetary Gold rather Ian newly mined Gold. In Johannesburg the news was being taken As a Strong Point for both the Gold mining Industry and the South african Economy by financial and Indus trial circles. The fact that some of the worlds leading Central Banks have bought Gold from South Africa and Are buying More As Well As letting Diederichs make his Public knowledge was seen As a sign of South african strength in the matter local observers Felt. Diederichs in his Pretoria announcement did not say exactly Low much Gold had been sold on the free Market. But he said the. Sales had so strengthened South Africa s foreign Exchange Posi Tion that no additional free Market Gold sales will be Neces sary or Are even contemplated for some considerable time to Nabob foods limited executive appointment Lawrence Dampier Victor f. Maclean president announces the appointment of Lawrence Dampier As vice presi Dent and general manager of Nabob foods limited effective sep tember 3. This appointment is consistent with the company s expansion arid development in the manufacturing and marketing of food products in Canada. An honours graduate in Busi Ness administration from the University of Western Ontario or. Dampier has had extensive marketing and senior management experience in both the consumer products and communications industries. He was progressively responsible for sales of lever products in Canada and the United. States becoming vice president marketing for All lever operations in the . In "1951, subsequently he was appointed to the United states economic Mission in West Ern Germany and Berlin and then returned to Canada As executive vice president of Mccann Erick son limited advertising Agency. In 1957, or. Dampier be came assistant publisher of the Vancouver Sun and at the present time he is vice president and general manager of this Organiza Tion. He is also a director of the Sun publishing company limited and Pacific press limited. Ottawa the next big tax collection Day for Cana Dian business is aug. 15, but arrangements Are being made by the Revenue department to be that the flow of funds into the Federal Treasury in t Cut off by the current postal stake. The strike began thursday a 5 . Cd. A Revenue department spokes Man said All of the larger corporations pay their taxes in instalments by Bank transfers am the postal strike should not have any immediate Impact. Corporations paying taxes on monthly instalments generally arrange with their Banks to have the Money transferred from then accounts government s accounts. This Transfer is a bookkeeping item not requiring much use o the mails. Nearly All corporations Deal with Bank branches close to their head office. It is up to the Banks to Send notice of deposits in the govern ment s accounts to the taxation data Centre Here accompanied Joe Scap or. Neil Mawhinney presi Dent and general manager of Westport Chrysler Plymouth Ltd., is pleased to announce that or Joe Scap has joined their staff As sales consultant. Joe Scap has for the past several years acted in the same capacity in another Winnipeg automobile Agency. Joe wishes to extend an invitation of his Many friends and acquaintances to of drop in and see him anytime Over a Friend y cup of Coffee at Neil s Coffee bar located in our main showroom 3171 Portage ave. V888-2343 tax men by the necessary forms for crediting the corporate taxpayer accounts. big col Lection Day was monday of this Well in Advance of the strike. For other corporate taxpayers or those who May be late in their the Revenue department Headquarters Here recently advised District tax offices to work out Spe Cial arrangements. District tax. Offices were told to personal touch with these companies and arrange i have to payments. The t District offices or have tax men visit the Compa Nies. In some cases other reve nue department officers such As customs and excise men were called on to co operate. Canadian Rose during april to a value of from to in april 1967. Imports for the january to april period Rose to from 000 in 1967. The mercantile Bank of Canada w. D. Bean the mercantile Bank of Canada announces the appointment of or. W. Donald bean As manager of its Winnipeg Branch. Or. Bean holds a . Degree from the univer sity of Toronto and an m.. Degree from the University of Western Ontario. Since 1966 he has been the assistant manager of the Bank s Hali fax Branch. Has available for lease excellent service station location we offer Complete training if needed income support get fhe facts or. I. Bell or fill out Coupon below enquiries held in Confidence or. I. Bell Texaco Canada Ltd. 986 Powell ave., Winnipeg 21 name Street prov. If 1968 is getting you Down Park Tilford an uncommonly smooth Canadian whisky in a distinctive make 1968 your year for 1840 Reserve. 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