Winnipeg Free Press

Winnipeg Free Press (Newspaper) - May 1, 1981, Winnipeg, Manitoba 8 Winnipeg free press Friday May 1. 1981 Alcan tax benefits unknown Energy minister Don Craik said yesterday he does t know How much Money the aluminium co. Of can Ada Ltd. Will save in taxes by acquiring part ownership of a Northern Manitoba Hydro Plant. In response to opposition questioning in the legislature Craik said it is not possible to determine How much Money Alcan would save until a final agree ment is signed Between the government and the company. It s expected that there is some possibility of course that the capital Cost allowance in the ownership part of the Power Structure would be available to Alcan with regard to calculation of their Craik said. It s not possible at this Point to indicate what it would be in either the Federal or provincial the minister told the House yesterday. Minority ownership Alcan has signed a letter of intent which Calls for minority ownership of a Power Plant should it decide to build a smelter in Manitoba. The question of tax deductions and How they would affect Alcan s total Cost for Power was raised by several economists in a recent free press article. The economists said Alcan s proposal for minority ownership in a Hydro Plant would give the company substantial tax advantages it could not receive As a regular Power customer. Ownership would mean Alcan could claim the Plant As an asset and deduct depreciation charges. Saul Cherniack Johns asked Craik if internal studies on the Cost would be made available to the Public before any final agreement on the project is completed. Cherniack said the information would enable Manitoban to assess the Bene fits received by Alcan. Craik said some general information Likely would be available but cautioned some aspects of the development May not be known fully at the time of any potential agreement. First lady s roses Nancy Reagan holds bouquet of roses presented to her yester Day at the White House by the Pasadena calif., Beautiful foundation. The new hybrid Rose named in her Honor the first lady Nancy Rose is Cream coloured with a Pink Blush. Post time 7 . Longer r acts concerts .11 Ivan Limo in tin live will in tin Downs this . I a h nil us Pron Sisr in in Ninlin Iii . a Juii. .1 Lii Marr Ilii c i Roll Bokn. Ilire Jim. t . I oin Prii lion. I it urns to i in dim is .1 slum Liv 10, k Al m l to . Or Tot Iii Iii t k. I Lull in fun Birtil q i v up . Ill in Siml Lum Hill i Isbilir c 111 in Ili Iru ii Illow Iii Linci liar inn i no i a Mil will in a in i Klim of la his Linnin. Ifni com ill ill i l no in caul a in i .11 out i inn. Ind out Why i u is is inn tvs and holidays s2.so general Almis Siuri s 1.25 senior c si.25 Undt a s rec t Luh House Lor 20 or Moi. A people place. Best buy save 40% off regular prices buy ,1 rack 20 general admission tickets for Only clubhouse tickets Lor Only phone North of the Junction of the perimeter Highway and Portage Avenue racing every wednesday Friday and saturday at and holidays at . Monday evening racing starts May ii . Route for Power Grid a possibility says Craik by Mary Ann Fitzgerald the Manitoba government is Consi Dering routing its Hydro electric Power through the Northern . To Alberta if Saskatchewan decides against being a partner in the billion Western Power Grid Energy minister Don Craik said yesterday. We have not excluded the possibility of a tie into Alberta via that mechanism it could be an Craik said in an interview. At the same time he made it Clear it was a second Best Choice to the pro posed route through Saskatchewan. It would defeat to some extent the idea of a Canadian Power Grid set Craik said. Saskatchewan Snag Saskatchewan is the Only province holding up an agreement allowing Manitoba to sell its Hydro electric Power to its Western neighbors system which would trigger construction of a Hydro generating station on the Nelson River. Saskatchewan Premier Allan Bla Keney has said his province needs More time to study the proposal which he labelled technically and financially complicated. Manitoba and Alberta Are ready to sign an agreement for the Grid on the basis of a 20-year firm Power Sale to Alberta. The agreement has been valued at about billion. Craik said no engineering studies have been conducted into a possible routing through Northern North Dakota and Montana but the idea has been raised in discussions on other matters with the Western area Power Agency the minister said. He said he could give no Cost estimate of such an alternate routing and added it would require the time con suming process of winning approval from Canada s National Energy Board and its . Counterpart. Alberta and Manitoba had originally wanted a Tri Power agreement by the end of april but at the Western pre Miers meeting in Thompson this week they agreed to wait for a few More months. Questioned in the legislature yester Day Craik said he hoped an agreement could be reached by mid summer. He told nip Hydro critic Jim Wald ing that Saskatchewan wanted to com plete internal studies. Outside the House Craik said the Cost Benefit studies done for the three provinces were performed on a Region Al basis. The Manitoba minister said the Saskatchewan Power corp. Has been supportive of the studies to band would lease not sell land to City Shoal Lake Indian band no. 40 will lease but not sell land around Winni Peg s Shoal Lake water intake facility chief Herbert red sky said yesterday. He said the future of two parcels of land were discussed at a meeting wednesday with mayor Bill Norrie Deputy mayor Pearl Mcgonigal and chief commissioner Nick Diakiw. City officials fear cottage develop ment at Shoal Lake will pollute Winni Peg s water Supply. Norrie has expressed a preference for buying the land around the intake facility to pre vent possible pollution. The parcels discussed wednesday were the 600 acres the band s Snowshoe Bay development corporation is pro posing to use for 350 cottage lots and a second parcel of several thousand acres red sky said. The band s corporation already has a so called head lease from the Crown on the 600-acre site but the second site is being held in Trust for the band and had not yet been leased he said. He said the band would sublet the parcels to the City under the same conditions As the head lease. Equivalent amount although a Price was not fixed at wednesday s meeting red sky said the band would expect the same amount from the City As it would obtain through leasing cottage lots plus ancillary eco nomic benefits. Between 1913 and about 1930, the City bought some land adjacent to the water intake facility from the band red sky said. The City also owns the right of Way for the greater Winnipeg water District railway and for the City Aque duct. Future meetings will be held on the matter red sky said but dates have not been set. I h Down payment financing on new cars St. Sale Price plus s465.85 . Plus 57 registration fee total s9789.85 less s65.00 Down plus financing Over 48 month term total aggregate s12.ai8.16 you pay Only monthly 1981 Zephyr 4 door Sale 1 2 plus . Plus 57 registration fee total 53209.60 less s65.oo Down s8144.60 plus 14% financing Over 46 month term total aggregate 510.745.82 you pay Only bus of he monthly St. Sale Phi i plus s359.45 . Plus registration fee total s7555.45 less Down s2332.52 plus 14% financing Over 48 month term total aggregate you pay Only monthly Sale j753 plus . Plus s7 registration fee Totol s8147.65 less Down s8082.65 plus s2516.93 14% financing Over 48 month term total aggregate s10.664.58 you pay Only Mok thit approved credit. Excludes Lynx ln7 and lincolns 284-7650 official four factory oui i 284-7650 Foid Facto it output i ;