Winnipeg Free Press

Winnipeg Free Press (Newspaper) - February 28, 1972, Winnipeg, Manitoba 12 monday february 28, 1972 siness finance development firm enjoys Good year Paragon properties limited the Calgary based development company which is involved in several social housing projects for the Manitoba housing and Ren Ewal corporation has completed the Best year of its three year history As a pub Lic company reports presi Dent Charles g. Smith. Or. Smith announced that the company recorded sub Stantial increases in All financial areas in 1971, de spite a sluggish Canadian Economy. Cross income for the year ended november 30, 1971, was compared with a year earlier representing a 72. Per cent increase. Net income was compared with a 59 per cent increase and Cash flow was compared with a 55 per cent increase Over die previous year. Net earnings were 54 cents compared with 34 cents in 1970, a Twenty cent increase while Cash flow per share Rose to from 70 cents a 39 cent in crease. Against a background of general downturn it is Gratifying that Paragon proper ties Ltd. Enjoyed unprecedented growth in All Finan Cial or Smith said. He said the company s growth was accomplished concurrent with an accelerated program of diversification into a number of new areas ranging from land sub division Mobile Home Parks modular condominiums and shopping centres to government turnkey projects. But the company s main Effort has been in social housing with major Public housing and senior citizen s projects underway or completed in Calgary Winnipeg and Thunder Bay. In Winnipeg work is Well advanced on a 373-unit High Rise senior citizens residence on Smith Street and work is about to be started on a 96-unit Tow housing project in Transcona. Both projects Are on a turnkey basis for the Manitoba housing and renewal corporation. The company also recently completed a contract with the Manitoba housing and renewal corporation for a senior citizens Lodge n Northwest Winnipeg. This will have 131 suites and subject to a successful zoning Appeal work will com Mence this Spring. In Thunder Bay the com Pany has already begun construction on two build Ings containing 180 units for occupancy by senior Citi Zens. This project has been undertaken by the company on a turnkey contract with the Ontario housing corporation. Demand overseas for Ca Nadian wheat has More or less come to a standstill As it is quite apparent that importers have filled their requirements for the time being at least. The Japa Nese food Agency bought Only. Tons of red Spring 13.5 per cent pro Tein on their As most of their purchases have been confined to american and australian varieties. With the heavy shipping program the Cana Dian wheat Board has at West coast ports which is already grossly in arrears it is in no position to be of Fering wheat for relatively nearby positions and has temporarily withdrawn All offers for Oats Barley and wheat. Sales of Cereal grains have been slow As Well Al though tons of feed Barley was sold to the Jap anese food Agency and other importers bought Manitoba firms get contracts Ottawa James Richardson minister of sup ply and services announced that 12 contracts in the or More category were awarded to Manitoba firms by the department of Supply and services from Jan. 16 to 31. The total value of these contracts placed on behalf of the department of National de Fence and civilian depart ments or agencies amounted to details Burns foods Ltd., Winnipeg meat and meat products fee Pioneer electric Ltd., Winnipeg Power distribution trans formers c. A. Kil Leen in sore Ltd., Winnipeg installation of Metal Frane combination storm and screen doors at Canadian forces base Winnipeg we twin Man g. T Smith a sons 1968 Ltd., Brandon Man. Electrical renovations Cana Dain forces base Shilo Man Standard Aero engine Ltd. Winnipeg technical services i sup port of the t63-a-700 engine Mobile Homes Ltd., Winkler Mani Toba Mobile Homes 3 2 7 7 9 inc industries Ltd., Winnipeg Man. Die Sel engine Imperi Al Nanco prefab Ltd., St Boniface Man. Mobile Homes development corp. Ltd., we mpg renovations to Deer Lodge Hospital St James. Man Stem us printers Tel Winnipeg printed ferns Western tafts i fat mine Racks pc Wirtl m i. Off lots Wise about tons of Rye. Rapeseed sales have maintained a Stealy Pace with around tons going to Western Europe and tons to Japan. Czechoslovakia was credited with buy ing tons of flab seed and upwards of tons was sold elsewhere on the continent. The Western agricultural Economy received another boost recently with the announcement by the. Canad an wheat Board of a final payment for wheat to the tune of million for Deli veries during the 1970-71 crop year. The payment averages 19.5 cents a Bushel for the 379 million bushels delivered and will be most heartily welcomed at this time by wheat producers. The level of the payment was surprisingly above most Trade expectations. However chief commissioner of the Board g. N. Vogel has commented that the final payment reflects a temporary upsurge in inter National wheat prices which occurred primarily As a result of the serious blight infection in the 1970 . Corn crop and has warned that producers should be aware of the present Export wheat Price which has fallen in recent. Months to Well below last year s level. The Board also announced that due to a million deficit in the Barley Pool account no final payment will be possible on 1970-71 Barley deliveries. Our Export loadings continue in heavy volume de spite the congestion at the West coast with 405.3 Mil lion bushels of All grains and Oil seeds shipped Over seas so far which com pares with last year s Fig ure of 343.6 million. Individual shipments to Date with last year s comparisons in brackets arc 269.8 million bushels of wheat 209.0 3.7 million bushels of Oats 7.7 m.3 minion Bush Els of Barley 93.1 5.7 million bushels of Rye 4.3 15.0 minion bushels of flaxseed 10.0 million and 20.8 minion bushels of rapeseed 20.6 stocks in store Thunder Bay terminals continue their Winter build up and reached almost 53 million bushels As of last week which is about 22.0 minion less than last year. Country elevator stocks at 250.9 Mil lion bushels Are consider ably less than last year leaving plenty of space available. Tue Winter wheat crop is the .s.r. Appears to have suffered major tosses Doe to Frost. It has been estimated by Western toral experts that of the soviet Winter Gram crop watch is mainly wheat has been the wet fact a Ftp Vic mks it abort m per Cert my Ftp m Vuk Beas Bents Nixon sets Liberal Trade course by David k. Francis Christian science Monitor Washington . President Nixon s administration has taken on a much More Liberal sound and look on Trade affairs in recent months. For his first three years in office or. Nixon was much occupied with fulfilling a Campaign pledge to obtain voluntary quotas restraining imports of Man made and Woollen textiles. That was accomplished finally last fall when Japan knuckled under to . Pressure. Since then the administration s appointments and statements in the Trade area have been More clearly Liberal. In his state of the Union message the president declared now that other nations Are moving rapidly Forward in technology the answer to the new Competition is not to build a Wall America but rather to remain by improving Pur own techno logy still further and by in creasing productivity in american similarly in his economic report or. Nixon said that the United states does t want to reduce the benefits f n o m International com Merce. We want to expand to some degree the in creased liberalism May reflect a greater interest of the president himself in International economics. He believes that he is helping bring the world into an Era of negotiations rather than War. Any Many of those negotiations will Deal with economic issues. President Nixon for in stance was completely in charge of the negotiations for the realignment of Exchange rates last fall. He instructed Treasury Secre tary John b. Connally to be Tough at first. Secretary Connally noted one informed source might have been too abrasive on occasion in some of the talks with . Trading partners. But or. Connally was implementing presiden Tia instructions. Those instructions were Only changed when Arthur f Burns chairman fed Al Reserve Board and Kissinger the president s foreign policy adviser strongly warned or. Nixon of the damage being done to . Political and economic interests abroad by the Stem negotiating stance. In the Trade area pres ident Nixon s appointments have decidedly cheered Washington lobbyists seek ing moves toward Trade expansion. He named Peter g. Peter son executive director of the president s Council on International economic pol icy successor to Maurice h. Stans As Secretary of Commerce. Or. Stans is leaving the Commerce department feb. 15 to raise Money for or. Nixon s re election. Most observers would re Gard or. Peterson As More Liberal in his views on Trade policy than or. Stans. For the past year or. Peterson has been examining the weakness of the . In world Trade and prescribing various changes. His mate rial for briefing or. Nixon and others was released several weeks ago. Though this document contends that the . Has riot received a fair shake m world. Is. Basically outgoing. Or. Peterson described a policy of new restrictions against imports As a prescription for defeat and an admission of rather he said the . Should seek a new open and fair world trading sys in a More recent speech or. Peterson attacked the Burke Hartke Bill a highly protectionist Bill now be fore Congress. The Bill is being pushed by organized labor. In in which economics is becoming crucial the White House official stated it will no longer be possible to have a closed America economically and an open world another presidential appointee of last year Wil Liam d. Eberle or. Nixon s special representative for Trade negotiations is also a Strong Liberal on Trade. Just before administration he chaired a subcommittee of the com Mittee for economic development which reported on relations with the european. Common Market. The major policy., conclusion of that was the Central objective of . Foreign economic policy should be to restore and maintain an equitable and orderly environment for International economic development integration to be1 achieved through an improved Multi lateral system of Institute o n s rules and proce such a system the report added should be designed to provide for Freer inter National flows of Trade Cap ital technology and ser at the White House air. Peterson s replacement is a presidential assistant Peter m. Flanigan. He is said to be generally against restrictions on International Trade and investment. At a lower level the president also has appointed liberals on Trade. Named As assistant to or. Eberle is William r. Pearce who As a member of the pres ident s commission on International Trade and in vestment policy helped that body reach its Liberal recommendations in its report of last summer. Or. Pearce is a former vice president of Cargill inc., a firm Active in the International Trade of farm commodities. I. Dav do trip president of Erk Luick Ltd., ii ploium to Ana uni Thi appointment of or. Lack to Tho new car Utai department. Or. Rice his been associated with the Auto by Hintsi for Many Yean and Ait hit Miny Friend and Cuit Omeri come in and talk can with him. The Best Deal h still with Jack Rice at Park Pontiac Buick Ltd. 1290 main St. 586.8211 j buckling seat and shoulder belts is an idea you can live with. Some of the equipment illustrated is optional at extra Cost we found out How much some Little Cor buyers and what they got for what they paid. They should have bought Chevy Vesga the big reason most people buy a Little car is Economy. Which makes sense. But while Economy is a Nice re assuring land of word it does come in two varieties. There s instant Economy. Which Means a Low Purchase Price and worry about what you re getting into later. Or there s Long term Economy. Also known As Good value. There Are lots of instant Economy Little cars around. But what you save in the beginning you can lose in the Long run. With a car that in t quite right for our Canadian kind of driving. Which does t have the features except sometimes As extra Cost options that we re All used to in our cars. And with parts and service Avail ability that leaves big gaps in the map. The Chevy Vega is a Long term Economy Little car. Vega was designed and built in and for North american driving conditions. In freeway driving it can hold its own with big Guys. Up Long Steep Hills you should see it out Hustle the other Little Guys. It s our unique lighter bigger stronger engine that does that trick and starting with those deep foam front bucket seats Vega gives you All the Comfort you be come to expect in a car. Even if you be never owned a car before you be surely driven in plenty Vega also you handling performance and safety features we just hate to think of you driving without. Wide tires and wide stance. Front disc brakes. Power ventilation. Electric fuel pump. Side guard door beams. There s also 6000 North american dealers for parts and service availability even though we know you la hardly need it. And there s also cd Choice of vegas Sedan Hatchback Coupe Kamback Wagon panel express truck you can match your Vega to what Ever you want to do with a car. And now for a very pleasant sur prise. There in t that much difference in the Price you pay for an instant Economy car and the Price you pay for a Vega. But there s a big difference in the value. You la notice that instantly. Vega sates met foe awl Sam Milf my mss f ;