Winnipeg Free Press

Winnipeg Free Press (Newspaper) - August 4, 1978, Winnipeg, Manitoba 18 Winnipeg free August handsome profits reported despite higher costs increased volume boost for Tel Globe by Eric Hamo nth Hie Canadian press an overseas Telephone Call costs no More today than it did nearly 10 years costs Are both for the leg lobe Canada and for its International partners in the overseas telecommunications but in the latest fiscal Tel Globe showed an after tax profit on million on revenues of technological breakthroughs have but More important in helping revenues keep Pace with costs has been an increase in volume of 15 to 20 per cent a Tel Globe president Jeanclaude Delorme said in a recent we have a comfortable growth in outward Calls and an increasing inward especially from France and he in reductions in week end rates and a drop last year in overseas teletype rates makes communicating with other continents cheaper than it used to said a 44yearold lawyer and president of the leg lobe since but he cautioned that a deterioration in profits May Force Price rises in a couple of when then known As the Canadian overseas telecommunication was established As a Federal Crown Corpora Tion in it had Only three the Prudential Assurance company limited announces the appointment of As manager of the midwestern general Branch in he succeeds in this appoint the Prudential Assurance company limited announces the appointment of As Agency Market property this new position involving Canada wide responsibility reflects the continued growth of the thinking about the future then think about becoming a Leader in your Field through the designation course in credit and financial the study program will develop your management skills As Well As provide you with a solid academic background in the Many subjects that Are so necessary to become an effective credit this three year correspondence course is conducted by the Extension division of the University of it involves All aspects of consumer and construction credit the term commences october the 1 and enrolment of students is open be sure to take advantage of this Opportunity to examine the benefits of this now is the time to act Telephone circuits and 13 Telegraph today the corporation has assets of million and a staff of about half of them at its Montreal head it no longer relies exclusively on transoceanic cables now that satellites Are playing a growing role in Tel Globe has a Low profile because not Many people Deal with it de lorme people say Treyve never heard of were naturally Tel globes main function is to link Canadian Telephone companies and a nip Tele communications with their counterparts it also helps transmit broadcasts such As television coverage of the comm now Calth games in Edmon a Small but growing source of business Are corporations which lease Cir Cuits to overseas branches or head but the Only direct links Tel Globe has with the general Public Are through its one Small Tele graph office in telegrams represent a dwindling part of Tel globes overseas Tele graph service dropped per cent in volume last compared to rises of per cent for teletype service and per cent for Telephone the United kingdom accounted for 37 per cent of Tel globes business last by far the biggest share of any Continental Europe accounted for per cent and other continents per contrary to what some people May overseas Bank of Montreal appointment the Canadian credit Winnipeg chapter Box 8200 Manitoba r3c 3b9 please Send me information on the study program name address postal code employed Sci Paul Dupre senior Vic president Manitoba and Saskatchewan Bank of Mon Treal is pleased to announce the appointment of Paul Dupre As manager of the Banks Boniface Dupre has been in the Banks employ for 15 years and prior to this appointment held the position of memorial ave nue Branch in Thunder on he replaces Gilles Tardif who has been transferred to corporate banking in to1he Tower the Imperial group congratulates a subsidiary of systems dimensions limited on obtaining a major contract that will provide additional employment for the Winnipeg the Imperial group is pleased to provide this company with its new expanded Why Doest your company follow the trend and come to the Imperial Broadway 363 Broadway a prestige its just Steps away from the provincial government land titles and Law major restaurants and sophisticated Interior presentation t full time professional Security i building climate controlled executive Park ing compute determined elevators which offer minimum waiting times and unsurpassed performance t fully Sprinkle red for Complete fire t individually controlled Normi development by Industrial commercial properties division 1 he Lin Paul group i Peter w Skinner vice president Call rates Are not set inter nation Tel Globe sets its own overseas subject Only to approval by the Canadian radio television and Tele communications commis for every Dollar charged to someone making a Tele phone Call from Canada to about half goes to the Domestic Telephone companies on both sides for local connections and the other half is split by the overseas carriers Tel Globe and the British Post of course Tel Globe has to pay its share of transoceanic satellites and Ancil Lary Cost formulas Are complicated by Commonwealth telecommunications agreements and by transit for Canada is an important Bridge for Calls be tween Europe and the far East or Delorme said that the growing role of communications satellites Doest mean an end to transoceanic were still investing in and there not about to he in terms of Cost it is impossible to say which is tie said both Are about equal in Quality of transmit although Telephone conversations transmitted by satellite Are subject to split second delays because of the round trip Between the satellite and an advantage of having both is that it Choice of occasion ally satellite communications Are affected by atmospheric and High frequencies to be used in the future Are susceptible to As for future Delorme said it is difficult to make accurate predictions because new links Between continents require International and these Arent always easy to the United states Federal communications commis Sion is blocking plans for a new transatlantic Cable that most carriers want built by 1981 but which the commission says will not be needed until but Tel Globe has invest ment plans of its including new switching equip a building to House expanded installations in to an expansion of the Vancouver switching Centre and a satellite Earth station in the Laurentian mountains Northwest of new technological developments Are helping keep costs Delorme time assignment speech interpolation devices Dou ble circuit capacity by taking advantage of pauses in speech to borrow time for other Fibre optic technology will allow new cables to carry Cir and direct distance Diall ing has been extended to cover overseas since 1976 Telephone users in Van Couver have been Able to dial their own overseas Calls in Stead of going through the this service was extended to some exchanges in Mon Treal and Quebec City in 1977 and Winnipeg and this by next year most of Canada will be Australia harbours High Gas Hopes by Brian Gomez Australia a Australia is on the thresh old of huge Oil and natural Gas optimistic it will bolster Export earnings and buttress a sagging econ in the Remote four major consortia Are in vesting up to million to explore the Exmouth Pla teau where Indian Ocean Waters Are 10 times deeper than in Europe North sea in the adjoining Northwest an Oil group is on the Way to reducing the Odds to ensure their proposed billion natural Gas project will prove profitable once attention real estate brokers Are your clients interested in Arizona Phoenix area builder of Patio Homes in planned Community setting is seeking representative in this if interested reply in writing to marketing Sun Mas ter 4435 North Saddlebag suite Randie Kushnier is pleased to announce effective August 1978 he will continue his practice of Law under the firm name of Kushnier company 401 213 notre Dame Manitoba r3b 1n3 phone 9422151 production starts in the mid More than Kilometres in the an Exxon subsidiary and aus Oralias broken Hill property plan to spend billion during the next decade to develop their Rich Bass Strait elsewhere in the search for Oil and natural Gas is picking up on Long but less attract onshore under increasing pressure from Oil producers and sex the current Liberal country party coalition of prime minister Malcolm Fraser has removed most of the uncertainties that worry the Fraser agreed to Guaran tee full world Price Levels for new Oil finds and to increase by More than 400 per cent current Domestic crude Oil the two measures jointly becoming the major banquets weddings wind ups displays socials Montcalm Gordon hotel pm 269 1406 Lakeshore property for Sale 8 Miles North of Gimli House about 1750 Large living room overlooking the All electric Kitchen with Good cupboard three Bath and powder attractive lot with 100 Lake 427697 after 5 or on weekends discotheque lighting service and rentals for window chromatic lighting 1010 Sinclair can fed theto you we invite you to discuss your needs with one of our representatives who will be in the following locations As noted below Thompson mystery Lake motor hotel August 1978 flin Fon Kelsey Trail motor inn August 1978 fir further information Call or write Winnipeg room 386 Broadway r3c 3r6 9449991 Boniface 6 Sioux Industrial 651 Lagimodiere r2j 3k4 2336791 Canad wide interests eyed a spokesman for Canadian Hunter exploration of Toronto said Imperial Oil May be prepared to spend million to acquire some of Canadian Hunters Oil and Gas interests in Western Imperial announced this week it is negotiating with Noranda mines for Between and per cent of Noranda Oil and Gas interests held through Canadian which is 75 per cent owned by Industry spokesmen said Imperial would spend about million Over the next years for a 15percenl interest in Hunters total land holdings of about two million those figures Are definitely in the Ball John Vic president of Canadian said in an interview from masters said he Hopes a Deal will be signed next week and new exploration started As soon As Imperial Oil spokesmen were reported to be attend ing a meeting in Calgary and were unavailable for Canadian Hunter has exploration acreage in Saskatchewan and British with its biggest land assets in the Elm Worth area of Western Alberta and Oil lease for the Alberta government received More than million from the Petroleum Industry this week from the Sale of 58 parcels of land covering Ranger Oil Canada Bra scan resources Golden Eagle Oil and Gas provident resources and Forest Oil joined forces to pay or an for a 640acre West Pembina Bra scan and Golden Eagle combined again to pay or an for another West Pembina Forest Oil and american natural Gas production joined to pay or an acre for a 480acre lease in the Elm Worth they also paid or an for another nearby 320acre Canad cities service and Northwestern utilities combined to pay or an for a licence near Imperial Oil paid or an for a licence in the Clyde Lako area of northeastern it also paid or an for another licence accounting switch Mode Canadian Occidental Petroleum of Calgary has be come one of the first Canadian Oil companies to change its accounting method for exploration Canadian Occidental said it is switching to successful efforts from full Cost under the successful efforts non productive exploration costs Are written off in the period in which they Are under the existing full Cost All exploration costs Are capitalized and amortized Over the estimated life of the producing the financial accounting standards Board has ruled that All Oil and natural Gas companies switch to successful efforts account ing by the new method has received heavy criticism from some saying it will affect their ability to qualify for certain drilling and exploration wont follow Price hike one Canadian pulp and paper company says it has no intention of following the Lead of a major United states supplier in increasing newsprint prices before the end of the Labiti Ciprice said it would not increase prices despite the announcement that Bowater sales has increased United states newsprint prices by a Dom tar and Canadian International paper said they were still studying the Bowater based in old and a subsidiary of Bowater of said the new Price of newsprint is a ton for 30pound basis effective some analysts said the increase stems in part from inventory shortages caused by strikes at 20 West coast earnings catch netted National sea products of Halifax reports net income of or earnings of per common for the six months ended july 1 compared with and 64 cents a share for the same period a year the company reports sales for the period this year topped about 32 per cent higher than sales for the same period of it reports purchasing million pounds of a 40per cent president Morrow said the significant increase in net income is largely attributable to better fish landings and continuation of firm markets and favourable foreign Exchange for the remainder of the year we expect the Market and foreign Exchange rates to remain we expect a fall off in trawler landings As Many fish quotas will be reached before year Eaton plans new store the Eaton plans to open a department store in in a spokesman it will be the company 62nd Canadian store and its second in the kit Chene Waterloo the company has leased a Square metre area in the Westmount place shopping formerly occupied by a Wayvette store that closed a year Eaton plans to hire 100 employees at the new the company already has a store in auction ering firm merges one of Toronto oldest Art auction ering has merged with British based Phillips appraisers of Phillips is the third largest Art auction ering company in the world and had a turnover in War Price has been in Toronto since the new incorporating War Price and Phillips showrooms in in new York and will be called Phillips Winter fair deadline set 15 is the deadline for receiving entries for Manitoba livestock and horses in the Royal agricultural Winter fair in Toronto producers can get application forms from Breed association agriculture department offices or the agricultural societies 1445 Pem Bina selections from nominations will be made by with All Manitoba entries going by truck this Doug agricultural societies superintendent Cargill Barley for Iran the first tonnes of Barley in Cargill Grain company limited tonne Sale to left Churchill this week destined for the the Fotini was loaded the first of several Barley cargoes scheduled for Export to Iran out of the Northern port this part of a million Dollar contract with the Winnipeg based contract awarded can Ron Eastern structural division has been awarded a contract to fabricate and Supply structural Steelwork for a new pulp and newsprint facility for the Bear Island paper in Hanover shipment of the structural Steelwork is scheduled for Early next ;