Winnipeg Free Press

Winnipeg Free Press (Newspaper) - March 01, 1975, Winnipeg, Manitoba 12 Winnipeg free March 1975 Ottawa to spend million on sync rude by Jeff Carruthers free press correspondent Ottawa the Federal gov e r 11 m e n t estimates it will spend million during 1975 to fulfil its 15 per cent interest in the billion sync rude can Ada Oil Sands extraction according to Ottawa the to be included government supplementary spending estimates scheduled for tabling before parliament on includes Ottawa costs during fiscal year 197475 after the pullout of Atlantic Richfield Canada from the sync rude joint Otta was cent share of operating costs during rest of and catchup costs new president of Eldorado nuclear James i director of Legal services for t h e department of mines and resources Myles director of government finance in the depart ment and James an outside Legal counsel for the government in the Federal task which is clue to appear before the commons resources committee next tuesday and wednesday to answer questions on Otta was proposed 1975 spending on the sync rude has been cooperating with similar task forces established by Ontario and Alberta on sync rude partic a major problem facing All three government investors in to give Ottawa a share in sync rude is that none of the funds already invested by Oil proposed government Energy companies in the Federal Petroleum company in Ottawa yet been created that were supposed to assume each governments share in in addition to the financial the task Force has to work out proper government representation on the sync rude Board and various sync rude management Ottawa sources said that there Are still areas on the terms of sync rude participation where the government and the private investors disagree and that will have to be resolved during the next a special Threeman task Force established quietly by Ottawa three weeks ago is work ing feverishly to develop a written agreement by the end of March on the for Mal participation of the Federal Ontario and Al Berta with the three remaining private Oil companies in the controversial billion syn crude the sync rude participation agreement needs to be accepted and signed by the six participants by the end of March so that Ottawa can legally Start contributing its 15 per cent of costs incurred through March the fiscal year runs out the million estimated i expenditure for 1975 is 40 Peri cent of the estimated s300 Nili lion Federal share in the syn crude project if the costs re main within the billion sync rude a reason for the Large initial payment is that new Alberta and Are in effect having to catch up with the three remaining Oil companies in in vesting in the sync rude pro by rough the orig partners had sunk about million into the project up to Alberta and Ottawa would have to contribute roughly either As a Lump sum or in a series of payments during just to obtain their joint 30 per cent interest in the project costs up to the end of Ottawa share of this Cash investment would amount to about still in dispute is the status of Atlantic Ricl Fields Mil lion interest in the project through the end of will this sunk Cost be considered a joint asset of All of the six new participants or will As some Oil companies Are be considered to be a part of the assets of the old partnership and therefore shared Only by the three Oil companies in the later the new Ottawa and might have to contrib Ute to acquire a 30 per cent interest of the original Atlantic Richfield Ottawa share would be an extra but even the actual amount thai Atlantic Richfield will be leaving with sync rude is in Dis Atlantic Richfield has pail its share of costs Only up to the Date it announced it was withdrawing from the sync rude and syne rude and the three remaining Oil company i or the in charter contain Cambodia will fall Sihanouk washing t 0 n a Prince Norodom former cambodian chief of state now in exile in has told key members of Congress that no amount of United states Aid to the Cam Bodian government in phenom penh would be sufficient to de feat insurgent forces led no Minally by in a Telegram from sent Sihanouk said Cambodia Khmer insurgents will triumphantly and heroically enter phenom penh in the near the made Public thursday by Senate majority Leader Mike Mansfield was addressed also to senators John Sparkman George Mcgovern Edward Kennedy and representative Les Aspin the deposed cambodian ruler said the would have no reason to be ashamed if she now decides that she will no longer be concerned with Cambodia but that she will leave it to the cambodians to Settle Liis matter he the United states continues to ultimately destroy and debase the Small cambodian nation she will hardly have a Chance to prevent history from condemning her for All Sihanouk said the insurgent forces in Cambodia Are not communists and they do not have the intention of making the future Cambodia a socialist or Peoples he even if we were neither the International partners Are trying to recover an extra million from Atlan tic to cover its share of costs through if the Oil companies should fail to obtain this million from then the three new partners might have to contribute their share or Possi provisions that would give the United states or any other Power the right or oblige them to intervene Sihanouk said the insurgents sincerely wish to be your Good but the government has turned Down All our proposals recon Bly even All of this amount As a dilation and resumption of clip part of the catchup Payi somatic relations ments during the three governments will be also sharing the continuing costs of the sync rude project starting 1975 that amount to about million a their 30 per share would be about million for with Ottawa responsible for about the Federal task Force trying to sort out this investment mud dle consists of Nicholas 0 n president Ford described the military situation in Cambodia As extremely he said the cambodian army will run out of ammunition within a rela Lively Short time unless Congress approves the 222 million supplemental Aid he has Mansfield has said he Hopes Congress will turn Down the re City of Winnipeg Assiniboine Park Community Public meeting notice is hereby Given that a Community conference will be held at the Tuxedo Park 2300 Corydon on March at this meeting is called in order that the residents Charleswood Tuxedo Heights and Queenston wards of the City of Winnipeg have an Opportunity to elect the members of their residents advisory group in accordance with the City of Winnipeg act and to participate in and Dis cuss City councillor Warron of Annaton chairman councillor Park Ward councillor Tuxedo Halghma Ward Amini Boino Park Community comm Wao Nfn o t of mondays the Day to Check the Many great gambles Val hurry in to take advantage of our Low prices on these terrific on Day buys treat yourself and your while quantities last one Day Only March 3 ladies slippers choose from a wide assortment of styles and listerine 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