Winnipeg Free Press

Winnipeg Free Press (Newspaper) - February 18, 1975, Winnipeg, Manitoba Long term capital need is stressed Winnipeg free press. Tuesday february 18, 1975 tic government should Cun turn in self with helping ensure a better flow of Long term Capi Tal into uie corporate sector and should treat tills As a National objective equal to that of Lull employment a. Deane Nesbitt president of Newbill Thomson and co. Ltd., said Friday. If this in t done he said there is the risk of a tremendous further expansion of the two to 10-year Market As scepticism about future Security vis a vis inflation and credit worthiness would dictate very heavy flows of savings into j Short term or. Newbill said in an address to a one Day seminar of the financial executives Institute the Best Way to fight inflation and unemployment without subjecting the Canad an population to the misery companies and pension fours will grow at the Rale of about billion a year Between 25 and 30 per cent of which will find to Muir Way into corporate securities. In addition he predicted the prime Bank Rale will be As Low As per cent by mid year and not Rise for the balance of 1975. Hotels told to turn in bottles the Manitoba liquor control commission has asked hotel operators in the province to Stop stockpiling empty Beer bottles. _. Juii j. Frank Syurns chairman of tight fiscal "poji-1the commission told licensees cies is by stimulating business a statement that some oper outlays in order to increase actors Aren t returning bottles Supply capacity. To achieve this it is Essen tial to have Long term capital on competitive terms available to the corporate sector. We be Lieve this is a gospel that cur por actions should publicly preach As often As or. Nesbitt said the invest ment dealers association and corporations generally should press for re examination of the in the Hopes that the bottle de posit will increase. Or. Syms said All empties Are to be re turned promptly. There have been reports that Manitoba will increase the de posit on Beer bottles to cents from 30 cents. Or. Syms has said there is no indication that there will be an increase. He said the commission could close licensed premises tax treatment of debt and Equi prohibit the Sale of liquor on to if for example dividends like interest payments on debt paid by corporations were deductible before taxes such a policy would Auto Mali Cally attract equity capital to the private other objectives should in elude the right for tax Pur poses to base depreciation on replacement Cost rather than on historical Cost and a re examination of Laws and regulations that discourage the inflow of foreign capital. Or. Nesbitt said a number of developments Are arising that could add to the difficulties of Canadian corporations requiring Long term capital. These include a probable High competitive demand from huge Energy related projects the desire to control foreign direct investments in Canada and buy Back some foreign controlled corporations a n d the necessity for chartered Banks to restrict the growth of loan portfolios because of equity capital inadequacies on the optimistic Side How Ever he cited growth of the corporate Bond Market and predicted that during the late 70s the assets of life insurance a temporary or permanent basis if stockpiling is not Dis continued. Suzette Pompei was kind enough to pose for Quick sketches again feb. 6. Some Good work was done particularly that of Neil Hoogstraten and Leo Mcvarish. Feb. 11 we had Simone Ramdawar a Grade 6 student who is interested in horseback Riding dogs and swimming. She wore her Riding hat with Black Slacks and a Bright red Turtleneck sweater. She was an excellent Model holding the pose perfectly. There were Many Good sketches including Doug Newey s pastel portrait Jim a Clu s portrait in Pencil bes Sie Robert s pastel and Hugh Al Varish study in charcoal. Attendance has been Good la spite of the cold weather. Members Are urged to keep up this interest. It is a pleasant Ivay to spend a Winter s eve Ning. H. M. We did t need the rejuvenation weekend. But did we Ever enjoy Northstar inn has a special week end Holiday rate in addition to a Beautiful room you get a package of Nice Little extras. We Call it the rejuvenation weekend package because it does astoundingly Good things for people of All Ages. For just s56.90 plus tax you get two nights luxury accommodation a fruit Basket complimentary Continental breakfasts Corsage for the lady movie tickets and free parking. All you have to do is Reserve your rejuvenation weekend package 24 hours in Advance. A special one night weekend rate is also available phone 956-0410. Northstar inn 288 Portage ave., Winnipeg Manitoba r3c ob8. 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