Winnipeg Free Press

Winnipeg Free Press (Newspaper) - December 7, 1982, Winnipeg, Manitoba 4 Winnipeg free december p it p feta Ira n fun fuse k h s m q i m w j in h a 9 v we l y y Vav Domestic firms take Brunt of 54 plunge in Oil profits Ottawa up the Petroleum Industry profits plunged 54 per cent to about million in the first six months of this with Canadian controlled companies taking the big Gest income says a Federal report released after tax profits for Canad Ancon trolled companies plummeted 83 per cent to about million in the first half of 1982 from million last largely because of said the report by the Petroleum monitoring firms saw a 38 Perchem drop in profit to million from the Industry made total after tax gains of about million in the first six months of compared with about billion in the same period last the report higher interest charges and in creased operating costs were among the main reasons for the added the based on data from 85 of the largest Oil and Gas companies in Canada that account for 95 per cent of the Industry total the Industry had total including million in government Petroleum incentive of about billion and deductions of about billion for a Gross profit of about it recorded million in cur rent income tax and million in deferred Canadia controlled companies accounted for Only 13 per cent of total Down from 36 per cent last higher interest largely associated with were the cause of the sharper profit decline for the Canadia controlled the report i while no acquiring companies profits were Down 15 per cent to Canadia controlled firms involved in takeovers incurred a loss of about compared with a profit of about million in interest charges for the acquiring companies Rose to million from the National Energy announced in was aimed at increasing Canadian ownership and control of the Petroleum Industry through both government and private takeover of foreign controlled compan measures to encourage takeovers ranged from heftier incentive Grants for companies at least 50percent domestically to refusing production licences to companies operating on Federal land unless the project had 50percent Canadian the next Yea about billion was spent on with Canadian ownership increasing to about 35 per cent from about about billion was spent in the first six months of 1982 on take the report two thirds of the million drop in total profits occurred in the so called downstream sector marketing and Petr Chemi in that net income dropped by 73 per cent to million from due primarily to declining de Mand for Petroleum the re port it said the lower demand resulted in Strong Competition and companies didst pass on the full amount of Cost increases to bomb collapses disco bar 17 60 Hurt in the upstream segment explore production and development financial performance was relatively stable with revenues increasing 15 per cent to due to higher Well head prices for crude Oil and natural lower crude production partially offset the higher in the Industry received million in the lucrative Petroleum incentive a Keystone of the National Energy program providing funds for exploration and development dependent on degree of Canadian of of million came from fed eral coffers and million from the Alberta a photo Northern Ireland a a bomb collapsed the roof of a disco bar like a deck of cards on to dancing British soldiers and crushing at least 17 people to death and injuring More than 80 in a Hail of Concrete chunks and wooden police said police said the death toll could go higher from last nights blast As rescuers pulled More bodies from the rubble of the Oropin Well bar in the town of 80 Kilometres Northwest of i saw people being carried out but they were so badly mutilated i said Mia Rad owner of a nearby Jackie a Cus Tomer in the bar at the time of the described the scene As absolute surgeons arriving from nearby Londonderry worked frantically to save the most mutilated in some cases performing amputations on the police and witnesses at least three of the dead were British soldiers and two were Young local women who had attended the twice weekly dance at the police a spokesman said the blast sent the roof crashing Down on the jammed dance floor like a deck of other witnesses said Many victims screamed As Large chunks of Concrete smashed severing at least three people two known to be alive possibly Many remained entombed beneath tons of rub the roof of the disco is lying at a 45degree Angle and it has slowed Down Rescue the police spokes Man we believe there could be More people trapped favorite haunt the dropping Well bar has been a favorite haunt with of duty soldiers of the first Cheshire regiment based at nearby Shackleton one of Britain main military bases in North Western Northern the bar staged disc dancing each monday and wednesday police said about 100 people were inside the building when the bomb went off at police said they believed the bomb was planted in the lounge area of the bar where dancers jammed the gyrating to disco no group immediately claimed responsibility for the but police suspected the outlawed Irish Republican the mainly roman Catholic Ira is fighting to drive the British from Northern Ireland and unite the predominantly protestant Ulster with the overwhelmingly Catholic Irish re it is one of the most events i have come said Harry a surgeon at Altna Gelvin hos Pital 16 Kilometres away in London where the dead and most of the injured were taken throughout the the blast came hours after Northern Ireland biggest terrorist trial convened in thirty eight people from the staunchly Catholic Ardoyne area in Northern Belfast appeared at the cites Crown court on 184 charges including murder and Possession of the trial could last for More than three a Young crowd gathered at the Walls unit of the Texas prison system Early this morning to support lethal injection ends killers life Calm and quiet Brooks pledges love in final words continued from Page 1 next life although they were not mar outside the some University he says he has fount t i i t f Chi Larioff cd la continued from Page 1 wearing Gold a Brown shirt open Down the front and cloth Lay strapped to a Gurney with an intravenous Needle in his right the tubes snaked behind a cur Tain where an unseen prison employee started the flow of when asked if he had any last the fort Worth Man replied i he then leaned to the right and looked toward Vanessa a 27 year old fort Worth the couple last week committed each other for the next life although they were not mar i love he be who converted to the islamic Faith while in then prayed there is no but verily do we belong and verily unto him do we he closed his eyes and appeared still for a then started gasping and two prison doctors examined him with after several Ralph Gray said i pronounce this Man outside the some University students from Huntsville said they gathered to cheer for prison officials one of them said we feel its Brooks ate a last meal of Steak and French Fries yesterday and met with islamic minister Larry Amin Sharrieff and relatives while awaiting word on the supreme courts prison spokesman Rick Hartley said that Brooks was quiet and his life has been turned Over to said Brookss Jean he says he has found Complete Sharrieff he feels if it goes through then he will be in the drug chosen by Texas to kill condemned criminals is sodium Thio better known As sodium pen total or truth Brooks was sentenced to die for the murder of David Gre who had gone with him on a test drive of a car from the fort Worth used car lot where Gregory his hands and feet was shot once in the International panel weighs charges against Fira from Page 1 after it was Learned that a Partick Trade official Bill flew to Geneva on Merkin and a Canadian John Weekes of the external affairs said in separate inter views before they left that it had agreed not to discuss publicly the Geneva the panel nor even when it was other officials were similarly tight lipped the first that is Likely to be known about the formal test of Fira under the no communist worlds general trading rules is when the Gatt panel issues its probably six months to a year from if the panel should Rule against can it would Likely also recommend corrective any failure by Ottawa to comply then would leave the United states and any other aggrieved governments free to seek redress in the 88country Gatt organization or to retaliate against wed just As soon not see any Story written about this at said Weekes in an interview from Merkin said panel members did not want their names publicized so As to avoid any pressure being exerted on and Canadian officials negotiated the makeup of the panel and Hambleton cites pressure by Kab of Foch replied adding later i was under pressure from the Havers you were scared stiff the russians might denounce you and you did anything to keep Hambleton you Are pressured to give certain but you Are not pressured to go and take the Crown jewels out of the Tower of Havers because youd get caught doing in his Hamble who identified his purported French control agent As Jean was forced by Havers to name his Contact in the Canadian intelligence Hambleton gave the name Jacques but Havers declared that about the most common name you could its like Smith in in solicitor general Robert Kaplan refused yesterday to say whether Laliberte has Ever worked for the ramp Security but evidence on the subject will be Given by the three ramp including Security service chief Bert who have gone to Britain to he told a dual British and Cana Dian was charged under Bri gains official secrets act with two counts of spying for the soviet Union from 1956 to he had been questioned by Canadian but they said they didst have enough evidence to charge the terms and rules of the adjudication process under Gatts dispute settling officials of both countries said secrecy is Standard practice in the International trading regime set up 35 years participating governments agreed at a ministerial meeting in Geneva late last month to make better use of dispute settling mechanisms and to try to make them work More promptly and the complaint centres on Fea Tures of Canadas treatment of foreign investors which it says violate Gatt these involve so called performance requirements restrict ing imports and demanding for example that May be imposed on foreigners opening new businesses or taking Over existing firms in the american complaint says this discriminates against foreign owned Canada insists which requires foreign owners to pro vide significant Benefit to is consistent with the the Geneva secrecy fits in with the concerns of both Ottawa and washing ton because their dispute Over Fira had become something of a political embarrassment potentially damaging to both the is still officially in default of a ruling by a similar Gatt panel six years ago on a related a Gatt panel ruled in 1976 that the was breaking the rules with a 1971 Export subsidies Law still in that Law provides an income tax break for so called Domestic International sales corporations paper companies known As discs through which manufacturers can avoid income taxes on their Canada set up its foreign invest ment review Agency and it Export import performance requirements partly in response to the select vision convertible Var system Auto focus color video camera modelcc015 automatic focus system with manual override detachable elec tronic viewfinder with onscreen function indicators Remote Var function controls Lens two Speed Power zoom picture reversal switch for film Ovideo trans Fer now with up to 8 hours on a single cassette Model vgp170 8hour portable video cassette recorder with 3way operation capability 21day electronic programming Tor unattended full function wireless infrared Remote control special Multi Speed i playback effects 105 Channel capability soft touch select vision 40010 Bohus its More than just a club video card All above include a free video card value Model 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