Winnipeg Free Press

Winnipeg Free Press (Newspaper) - October 5, 1985, Winnipeg, Manitoba 4 Winnipeg free october 1985 court sees no Rush to liquidate continued from Page i lawyer Allan who claimed to represent shareholders who own 17 per cent of the the Only people who might raise issues on this cant address the Macinnes said he had been instructed by his clients to oppose the Udics he said the shareholders have not been kept up to Date on the status of the North lands he said he haunt seen any documentation sup porting the need for a provisional in denying the request for a liquid judge Kennedy said it had not been shown there is any real urgency or concerns the curator cannot now it is estimated the failure of the and the earlier announcement that the Edmonton based Canadian commercial Bank would be will Cost the Federal government at least billion and perhaps As much As a provisional liquidator would oversee the Banks business under the authority of the c1dc lawyer Rob Dewar another Chic Keith turn said Macinnes be Al Lowed to address the court since he had not filed affidavits identifying his clients and their How do we know who he represents except that he says it turn or Kennedy ruled Macinnes would not be allowed to speak until the affidavits Are 1 William lawyer for Bank said his clients also opposed the but had been told by touche Ross to keep Olson said his clients disputed the curators evaluation of the Banks assets and were not convinced of the need for a provisional he noted Bank officials had received a letter from a touche Ross instructing them to be silent on the the letter said Federal legislation prohibits any member of the Banks management from carrying on any Bank business without the written permission of the Olson but it seems strange that the Glenn free press William Olson represents Bankers opposing Bank would not be Able to speak independently on this he Knox representing touche said his clients Felt the appointment of a provisional Liquida Tor would be in the Best interests of All Foster said because of his clients Willd not give permission to the Bank officials to give their Opin ions on the adding he believed such authorization was required for them to fight the Dewar argued a provisional liquid with All the Powers of a per manent should be appointed so the concerns of the shareholders and creditors could be he said those two groups currently have no Appeal process to air their noting the judicial appointment of a provisional liquidator would allow them to bring any con Cerns they might have before the Dewar also argued the appoint ment would prevent the political process from interfering in the liquid noting the government appointed curator can be replaced by a ministerial but a provisional liquidator could he said the courts would be Able to exercise More control Over the Issue if the application was Dewar said the court also would be Able to Deal with All the com pants no matter whore they Are he told the court his clients were not seeking permission to Start winding up the company business and that they were legally prevented from doing that until after a meeting of the share holders and creditors is outside the Only one lawyer would comment on the judges William Olson said he believed his clients would be pleased with the adding it gave them More time to plan the next Stepin their Battle against lumber dispute could derail free Trade Canada told Washington up half of the a members of a key congressional committee have warned the administration that a pro to begin free Trade talks with could be in jeopardy unless Swift action is taken to Settle a dispute Over Canadian lumber in the message was delivered to special Trade in a letter signed by id of the 20 members of the Senate finance including its Bob Packwood of Ore any free Trade agreement must be built on a foundation of mutually advantageous trading said the which was made Public we believe that the administration should seek an Early Resolution of the softwood lumber Trade this would facilitate finance committee consideration of any administration proposals relating to 0n condemns Israel for raid on Tunisia continued from Page 1 we in Israel shall not accept Netanyahu carried out Kilometres from Israel in a suburb of the tunisian claimed at least 61 palestinians and 12 tunisian reports from the area Israel contended it had carried out a surgical air strike on the head quarters of the Palestine liberation organization where hundreds of acts of terrorism had been organized and including last weeks slaying of three israelis aboard a yacht anchored at a Marina in the plos in Zehdin Labib said that the air raid was another manifestation of state terrorism and vowed that the Palestine liberation organization would continue its struggle against Israel until we end the occupation of our Terzi repeated the plos claim that the sixth Fleet in the Mediterranean had provided radar assistance to the israeli jets involved in the raid and had jammed egyptian radar to prevent its Moni Toring of the he also accused the United states of allowing israeli Tanker planes to take off from some bases in the Mediterranean and of providing Israel with satellite photos of the target ambassador Vernon Walters denied that the United states had any foreknowledge of the raid or had participated in 1 have listened to a Cascade of ant american rhetoric accusing us of everything under the except the recent earthquake in and in surprised that i Haven heard my country blamed for said who is presiding Over the Council this Arab and soviet sources said a veto was averted after Tunisia agreed to a number of amendments in the More strongly worded original on past the United states has voted for condemnation of israeli such As the 1981 bombing of a nuclear reactor in Iraq and the incursions into Beirut in violation of a september 1982 the negotiation of a free Trade agreement with Bill a Deputy assistant Trade representative in Yeutter of said the letter reflects the de Gree of interest in the lumber but i dont see it As a he adding that Yeutter remains optimistic that Congress will allow the talks to there is so much potential in the trading id hate to see one Issue Cloud the director of the offices Cana Dian affairs said in an in under Trade the finance committee and the ways and Means committee of the House of representatives must be consulted before any bilateral Trade negotiations the Law was intended to give either committee the right to veto three members of the committee also sent letters to All their Senate colleagues urging support of pro posed legislation that would rewrite Trade Law to ensure that Canad an Timber cutting fees would qualify As countervail Able the signed by senators Max Baucus of Steve Symms of Idaho and Russell Long of Louisi said Forest companies Are drowning in the flood of imports because of a subsidized invasion from the the administration opposes the the phrasing of the letter to Yeut Ter is softer than originally sought by who initiated the idea and thinks approval of negotiations should be contingent on a lumber before the administration begins talks on such an i be Lieve there must be satisfactory Resolution of the softwood lumber Baucus said in a separate statement mounties image fought continued from Page 1 Murta stressed in an interview the need to show Canada As a coun try with not just a place with mountains and we have to get a better the member from Lisgar As Well As highlighting Canadas Crim free Murta said the government will emphasize the Low value of the Canadian Dollar against the american which virtually gives tourists about 25 per cent More to these and other plans will be unveiled officially by Murta during a tourism conference being held next week in about 400 provincial operators and government officials will attend the conference to discuss ways to improve the the need to improve image and marketing techniques was highlighted in a departmental report pre pared for Murta earlier this among other the report listed gambling casinos As a method of improving tourism in but Murta said yesterday he was Ada mantly opposed to such a in opposed to organized Gam bling of any he although the budget will also be used to sell big name draws like Quebec Vancouver and Montre Murta said Winnipeg will get a fair chunk of the the minister said most of Manito Bas segment of the budget would Likely be spent in the Midwest United but some could be spent luring tourists around the world to Chur he another major move for the tour Sim department for the coming year will be introduction of an expansive computerized assessment of the tourism the yet to be will allow tourism operators or provincial governments to see what people living in various regions of the United states think about for the system could be used to identify people in various regions of the United states who would be interested in sport fishing in this would allow the operators or the province to increase advertising in areas where the Market appeared most Gorbachev lashes out at american leaders continued from Page 1 substantial arms control Accord be tween the superpowers unless presi Dent reagans strategic defence in which is commonly called stars is the news conference was Domin ated by the sometimes sometimes testy who gestured frequently and turned aside pointed questions on human although both leaders were there to Field most were directed at Midway through the 105minute Gorbachev turned to Mitter Rand and suggested that he take a turn answering the next Mitterrand smiled and Shook his they see me More often than winning French support for the soviet position against Star wars had obviously been a major aim of Gorbachev fou Day Mitter Rand has never hidden his distaste for the research program into space based defences against nuclear despite he rejected a soviet suggestion that he sign a joint communique on the at the news Mitterrand went a Long Way toward satisfying the have Cou pled their formal proposal for a 50 percent reduction in and soviet strategic weapons capable of reach ing each others territory with a Call for a Complete ban on the develop ment and deployment of space Wear in the Reagan administration received As a potentially positive develop ment the apparent soviet willing Ness to negotiate a separate agree ment on intermediate Range nuclear missiles apart from strategic and space Moscow has in the past insisted that agreements in one area of the arms control talks in Geneva de Pended on Progress in All three intermediate strategic weapons and space but Bernard the state department said a soviet Effort to classify intermediate Range missiles in Europe As Strate Gic while excluding soviet ss20 casts doubt on soviet he said the administrations goal is for a global elimination of All intermediate Range president Ronald Reagan declined comment on the refusal of Mitter Rand to accept a soviet proposal for separate arms control Reagan said thursday that the United states oppose such talks with the asked yesterday about Mitter Rands Reagan that his decision to make and ill have no comment on Point one prompt Toft of by superpowers a 50 reduction in re tar nuclear misses Point two Between u a Point three Unflat ratty to reduce number of medium Range ss20 Mimeles in Europe to june 84 level of Gorbachev nuclear arms reduction plan made Mexico police chief casts doubt on whether trapped boy cried out Mexico City a rescuers said a boy they believed has been trapped for 15 Days beneath Concrete and steel rubble from a killer earthquake called out a single word yesterday As they tunnelled toward but Mexico City police chief Ramon Mota who had visited the scene in the after questioned that he said there was a series of noises that the rescuers consid ered to be from the but when he was asked if there had been voice Contact he there has Jorge a coordinator of the Rescue had said earlier that when workers asked the boy at if he was the child responded in rescuers believe the survivor is Luis Ramon who was at Home in his Mexico City apartment with his Luis when the three Storey building collapsed in the 19 senior lottery officials sent Home without pay continued from Page 1 to the reporter within an Kostyra said the information about Bye and Orourke came to Light after a routine review of lottery operations and an internal manness said the foundation complained verbally to the ramp wednesday afternoon and in writing a foundation employee said Bye and Orourke arrived for work As usual shortly before 8 thurs a few minutes after they were ordered to leave the build the employee senior foundation officials then went around the building to Tell All employees of the apparently to allay fears that other employees were under employee manness told the press conference there is no suspicion anyone else will be a target in the Toms and other foundation officials refused comment on the exact nature of the Paul assistant officer in the ramps commercial crime said no charges have been he refused further manness said both Bye and who started working for the foundation formerly worked at Western lotteries Mani Toba asked if the investigation includes their activities there As Man Ness replied the investigation will be Hertz Birchwood together is 150 unit clearance Sale this buy a nearly new car or truck at Low prices where 2405 Pembina next to Birchwood Nissan when saturday 117 sunday 115 Why year end Fleet clearance trucks 84s Gas Fords full pm line grand Park new we will sell 150 units trades accepted o models extended warranty available ;