Winnipeg Free Press

Winnipeg Free Press (Newspaper) - December 7, 1971, Winnipeg, Manitoba Winnipeg free press tuesday december 7, 1971 19 Low Price Gas put him on top Ottawa up nine years Rump. If not the fellow buy ago Gerry Bisson was at Rock Bottom. He owed had 55 judgments against him and his wages As a car Salesman were garnished. Today he owns 15 gasoline stations in Eastern Ontario plans to open three More next Spring and believes he will have 500 across Canada by 1980. The reason for Gerry Bisson s meteoric Rise is the same Rea son Many Gas station operators appear to see a Bleak future for themselves discount gasoline. To discount operators like or. Bisson Low Price gasoline outlets have brought prose Rita. But operators of Brand name stations say they Are worried about the widening Gap Between their higher prices and those of the Cut rate no frills discount outlets. Gasoline sold by discount out lets is usually provided by Brand name companies with surplus they Are willing to Dis pose of at Low prices. The discount outlets get the Gas at a reduced Price but do not get any Benefit from the companies advertising since the Gas is not sold under a Brand name. Roy Rump who operates a Brand name station Here says most discount outlets sell for 10 cents a gallon less than the Reg ular stations. Some discount operations in communities near Ottawa at one Point were charging 34.9 and 35.9 cents a gallon. Others on the suburban fringe charged 39.9 cents a Gal Lon. On the average the discount outlets sold Gas for a cent less than or. Bump bought it. If they can afford to sell it to the discounters for that then they can afford to sell it to us for the same said or. Iii his Gas from me must be subsidizing the fellow buying from the if there Are gasoline sur pluses he asked Why Don t the companies give a discount to the regular dealers who can then pass it on to their custom ers he estimates he will lose Gallons in individual sales this year because of five Dis count outlets opened within .1 mile of his station. He forecasts that Many of Ottawa s 300 regu Lar. Operators will bankrupt this Winter if the 10-cent. Price spread continues. A 25-per-cent failure rate among service station operators would Likely Rise to 35 per Cen in the current hard times. The Success of or. Bisson s firm capital City Gas and fuels Ltd., forms a dramatic contrast to the troubles of regu Lar operators. The starting Point was april 1967, when he opened a Gas Bai outside a Speedway he owned near Ottawa. The Gas bar gave him cheaper Gas for his own vehicles. But even at three cents a gallon below the Price of his nearest competitor it brought in few outside custom ers. In november 1967, he dropped his Gas prices. Weekly Gross sales jumped from then to in july 1968. A second outlet was opened in 1969 in Quebec. Gross sales were in 1968 and million this year and Are expected to be at least million in 3972. Where bylaws permit the stations operate 24 hours a Day. That May be one reason Why or. Bisson was Able to get his entire investment on one station Back in 30 Days and on another in 60. All profit is ploughed Back into the company. Notice Commonwealth construction co. Ltd. Require sub trades material suppliers for the tender of South end water pollution control Centre wpg., Man. Contact j. Kamp or j. Pfeiffer at the hotel fort carry dec. 6 to 9 North american inching to metric system by Irving c. Whynot Canadian press business editor Canada has Sej its path to Ward eventual adoption of the metric system of measure ments in what one wag de scribes As an example of Inch ing along to a Milestone. Proponents say the move is essential and unavoidable for Trade reasons if no other. Only Canada and the United states of the major Industrial countries remain with inches and pounds in a world where 90 per cent of the population deals in the metric system. A Canadian government White paper says adoption of metric is ultimately inevitable and desirable and preliminary planning is already in Progress. In the .., the Commerce depart ment has urged Congress to make the switch during a 10 year period but this has not yet been accepted As policy. When the move most government and Busi Ness officials say it has seems essential that Canada and the . Move together because of the heavy volume of Trade across the Border. ,0ne is that the . Congress will accept the idea in 1973 and that both countries then will aim at completing adoption of the metric system during a 10-year transitional period ending in 1983. For business it will be a costly and ago zing time. For the average citizen it will mean changes in everyday life involving such things As rewriting of cookbooks new Speed limits on the highways and perhaps a fourth Down in Canadian football. There Are some who Aren t whole hearted supporters of the move. Some claim that rapid calculations available from computers have lessened the need for the change. But the Basic opposition and con Cern is one of huge but unknown Cost of making the switch. Proponents admit the Cost will be High but argue that the business lost to Canada and the . In world Trade will be enormous if metric is not adopted. No one knows for sure what the conversion will Cost. Some estimates put the Cost in the . At billion. Some Ca Nadian guesses Range from to million a year for each of the 10 years a Possi ble total of up to billion on the other hand using the United kingdom experience As a guide Canada might save up to million a year in education because of the simpler mathematics involved with the metric system. And proponents of metric claim that Canadian business loses up to billion Worth of business each year because it does t produce in metric. The metric system already is Legal in Canada and is used in some scientific and engineering work but is not widely used in daily com Merce. To holders of common shares of Canadian Trice tool oils Ltd. And its proc Tessor Canadian High Crest oils limited High Crest oils limited Trice tool oils limited has made an offer to Purchase Alt of the out standing common shares of Canadian Trice tool oils Ltd. Not already owned by it at a Price of per share. The offer extends also to holders of shares of Canadian High Crest oils limited and High Crest oils limited predecessor companies in the appropriate ratios having regard to the past share consolidations. We recommend that shareholders of Canadian Trice tool oils Ltd. Accept the offer of per share prior to the expiry of the offer on december copies of the offer and further information Are available at any of our offices. Following the metric White paper in 1970, the government in 1971 brought in a new weights and measures act which embeds the metric sys tem in Canadian Law. And a new packaging and Labelling Law provides among other thing that on most goods it will be necessary to list quantities in both traditional Canadian units of measures and in the. Metric equivalent when prepacked. Consumer affairs minister Ron Basford announced six new Standard toothpaste sizes. 1 would be marked in the met Ric system Itas toward eventual metrication of All measurements in part of the. Long process to Ward this end was the appointment of Stevenson cos Sage a retired. Up rail vice president As chairman of the Canadian preparatory com Mission for metric conver Sion. His first task is to round up members for the 15-Man commission which will con duct surveys to determine How eventual conversion to metric will affect the econ omy. Its role is As an advisory body to the government he says that so far he has t met anyone actually opposed to conversion but naturally there Are some concerned about much. The changeover will he says that no one knows the final Price tag. One reason is that industries won t have to throw out Machin Ery and tools because Many will be convertible. Others can be written off during the 10-year conversion period and Industry will be Able to con Vert As it replacement equipment. But he suggests that any ii Dusty planning major Pur chases now of equipment for Long Range use should make sure it can be converted to metric. Adoption of the metric sys tem would mean a whole new language for canadians. It would mean converting measurements of length from Yards Miles and so on to centimetres metres Banks weather year in Good shape by the Canadian press Inci _ late year spurt has enabled Banks reported declines from the previous year the Royal Sii Apeuini 03 r concerned investment Canadian Nasonal .5.5 percent. Analysts see an even better performance in 1972. The Banks completed their fiscal year oct. 31 and figures to Date indicate they did so with an operating profit of about five per cent ahead of those of 1970. Except for the general profit squeeze common in All aspects of the Economy the Banks Likely would have done even better. Assets during the year Rose. About 13 per cent to a record billion compared to a gain of just Over 11 per cent a year earlier. The Best measure of the Banks performance is operating profit or balance of reve nue which is calculated before provisions for losses and in come taxes. Food firm income rises Burns foods limited of Calgary reported net in come of for the nine months ended oct. 2, 1971, compared to for the same period in 1970. Sales for the first nine months of 1971 were 18.9 per cent above the same period last year. Sales were for the 1971 period compared to in the same nine months the year before. Net profit per share for the period ended oct., 1971, was 64 cents compared to 53 cents the year before. The company reported no major problems in the operations of Palm dairies and the Scott National com p a n y. Operations in the meat packing division in Eastern Canada have been unprofitable due to the effects of the retail Price War the company reported. Despite the High level of unemployment and the apparently great volume of consumer complaint one reads about these Days the volume of consumer buying of food products remains very the report said. The quarterly dividend payable december 15 will be increased from eight to nine cents per share. Merritt Phet fax Ltd., year ended aug. 31 1971, 25 cents a share 1970, 24 i cents. Natoma products Ltd., year ended aug. 31 1971, a share 1970, per pcs department stores j Ltd., year ended Only 31 1971, 58 cents a share 1970, on this basis three of eight Canadian chartered Banks to weather the year in fairly Good Down 2.7 per cent the com financial shape insofar As prof Merce 10.8 per cent and Bank its Are concerned. Investment Canadian National 5 5 per cent. The others showed increases the Montreal of 2.9 per cent Nova Scotia 48 per cent Toron to Dominion 18.9 per cent provincial 21.3 per cent and British Columbia 76.6 per cent. Just How much general epo nomic conditions were reflected in the profit of the Banks is shown by a drop. Of about 1.5 per cent in total Revenue. To overcome this the Banks Cut costs by 2.6 per cent. As a result of All these changes the net profit of the group showed an increase of 7.6 per cent compared with an in crease of 10.4 per cent a year earlier. But better performance May be in store for 1972. Richardson securities of can Ada says in an investment re View that Bank profits should grow for the next several years at a rate of better than 10 per cent a year. Believe the severe profit margin pressures Are behind us with interest rates stabilized and trending upwards. This should allow the Banks to take advantage of the major in crease in Domestic assets which has occurred in 1971." from the Canadian Bankers association comes latest figures to indicate Juse How much the average Canadian is using the banking facilities. Facebook 1971 published by the association says nearly four million payments instruments cheques Money orders drafts and rain through the system every working Day. That s a total of about 1.3 Bil lion a year. This flood of papers Means that the average Canadian is writing about 52 cheques a year a to 22 a year in 1950. In the last dec Ade about eight million new de posit accounts have been opened and the total Dollar value has More than doubled and Kilometres. It would mean converting ounces pounds tons and the like to Grams kilograms and metric tons. Pints quarts and Gallons would be converted to litres. A metre is about 3.2808 feet in length and 100 centimetres equal a metre. One thousand metres make one Kilometre which is 0.6214 of a statute mile. A kilogram weighs 2.4046 pounds in avoirdupois weight and an ounce is 28.3495 Grams. A litre is 1.0567 of a quart and a cubic foot contains 28.3162 litres. In simple terms metric is a Decimal system of measure ment with the metre litre and Gram As units of length capacity and weight. Using the prefix of deca Hecto and kilo denotes multiplication by 10, 100, or a Kilometre is metres. Prefixing with Deci Centi or Milli indicates division by 10, 100 or a de Colitre one tenth of a litre. The government White paper noted this Means that converting from one unit of metric measurement to an other within the system is done by simple mathematics. Present measurements re quire More complicated procedures with 12 inches to the foot three feet to a Yard feet to the statute mile feet to the nautical mile and such others As 30.25 Square Yards to a Square Rod and Square feet to an acre. And if that in t complicated consider that even in North America there Are Dif Canada using the Imperial gallon and the . The smaller . Gallon. Here s How various business and professional groups react to the possible change Royal architectural Institute of Canada in View of the world situation of almost uni Versal use of or conversion to the metric system it would seem that Canada must also convert within the foreseeable future. Although there will doubtless be problems and costs involved economic and technological Progress de mands it. Canadian construction association our main concern now is that the conversion process be carried out As smoothly As possible. If met Ric conversion is inevitable in Canada the longer it is delayed the greater and More expensive the problem will be. National House builders association it seems inevitable that Canadian Industry must some Day convert to the met Ric system. The residential construction Industry will be Able to change to a metric base As soon As building materials become available to do so. Richard Stekette president of Giffels associates Ltd., to Ronto consulting engineers the question is really not whether we should switch but when most agree that the in convenience and the Cost of the changeover will be Justi fied by the benefits. The change when it comes will affect everyone. School children will no longer have to memorize complicated multiplication tables. Thermometers will change water will freeze at Zero de Grees boil at 100 and the nor Mal body temperature Mill be 37 degrees on the centigrade scale instead of readings of 32, 212, and 98.6 on the fahren. Heit thermometers. Cookbooks and a wide Range of technical journals will have to be revised to eliminate references to such things As Tablespoons and As measurements. Much of sport already oper ates on the metric system As in the olympics where Dis Tances Are in metric. But in Canadian football it would be rather awkward for an announcer to report that a team had the Ball with 9.144 metres to go. Or. Gossage suggests it might be simpler to boost it to an even 10 metres and per haps introduce a fourth Down. But sport is not a major is the Crux. We have to Export to maintain and expand so we must adopt the metric sys he says. There is no other aah Canada appointment Bruce p. Menlove j. P. Mikulec general sales manager american air filter of Canada Ltd., announces the opening of the company s Branch sales office in Winnipeg and the appointment of Bruce p. As manager. Aah major manufacturer of air Lution control heating ventilating and air conditioning products and systems has head office and two manufacturing plants in the Montreal area and sales offices across How about putting a inhere save income tax now while saving for your retirement up to can be deducted from your taxable income when deposited in a registered retirement savings plan. Call Royal Trust today. Royal Trust i 217 Winnipeg mini Foci 943-0431 these Bonds have not been and Are not being offered to inc Public. This announcement appears As a Mailer of record Only. New Tim project 200 investments limited 9% participating first mortgage sinking fund Bonds maturing the proceeds from this financing Are being used by the company for the div Elonen t of Granville the first phase of project 200. Project 200 is downtown waterfront real estate development in Vancouver British Columbia estimated to Cost million when completed will consist of office towers a hotel apartment units. Retail shopping areas restaurants cultural facilities parking areas and other compatible facilities. The shareholders of the company Are Marathon realty company limited Woodward stores limited and Canadian Allied property investments limited. Arrangements have been made by the undersigned for the private placement of these Bonds with institutional investors. Mcleod Young Weir company limited Toto Mia Skik Kooke ;