Winnipeg Free Press

Winnipeg Free Press (Newspaper) - October 12, 1985, Winnipeg, Manitoba Winnipeg free press october 1985 Page 15 Economy Strong but stocks is probe shakes up investment business crop failure hurts West Economy by Clyde Graham the Canadian press for Many Farmers in Southern Saskatchewan and theres a Tough year in store with the gloomy Prospect of some Belt tightening for a few bankruptcy May lie the Farmers Are among the first to feel the effects of two years of drought and dismal Grain crops made All the worse by this weeks heavy Snow and there not Likely to be the Only ones to feel the the loss of millions of tonnes of Grain Worth several billion dollars will also affect the whole Economy from Small town hardware stores to giant Grain one of the first implications of the crop failures has been a drop in Canadas farm exports this Canada has exported a lot More farm goods than its More than half those exports have been in for each of the last three that surplus has topped but this officials at the fed eral agriculture department say the 1985 agricultural Trade surplus is expected to be Cut almost in half to just that largely because the Back Toback droughts Means Canada has much less wheat and other grains available to sell around the during the first nine months of this weeks heavy Snow fall added to the woes of Prairie Farmers hit by this crop which began Canadian Grain and oilseed exports were already lagging per cent behind the same period last in the Grain that is being sold int bringing a top notch Price because theres a worldwide glut of Canadian exports of farm goods Are expected to reach Only billion this compared with billion last imports Are projected to Rise to billion from that shift will be a significant blow to the farm exports play a major role in Canadas about 10 per cent of Canadas total exports each year originate on the wheat alone is the country fifth most valuable following Only engines and trucks and thousands of canadians depend on the Grain Export Industry for their jobs from country elevator agents in Saskatchewan to Grain handlers at Export terminals in Thunder and sailors on the Lake freighters that ply the Lawrence Grain elevator companies Are Al ready reporting losses because there handling less one Industry estimate said jobs were lost directly because of the drought this auditors study Small Bank books equal employment Opportunity a seminar for managers and human resource professionals plan to attend this informative and Down Oertli 1 Day seminar to be held october 1985 at the downtown Holiday at this you will learn what Laws affect your operations How to respond to government regulations proven techniques and for details and Call Keith at the technical service 2378844 24 hours realty limited top salespeople for september 1985 by Gord Mclntosh Toronto up teams of Audi tors reporting to the office of the inspector general of Banks have been poring through the books of most of the Small Domestic Banks in Canada in the last two weeks in a massive operation to restore Confidence in the financial the Canadian press has one of the Banks Continental Bank of acknowledged yesterday that auditors on loan from the six largest Banks have been on its premises for the last eight Days to carry out a detailed inspection of the Toronto ins Titu Continental spokesman Paul Bai Ley said the 25 auditors compiled a detailed report card and the Bank the auditing team was headed by the Royal Bank of Canada and All its members were sworn to secrecy by inspector general Wil Liam banking Industry and government sources said negotiations have been going on Between Citibank Canada and Ottawa to carry out a merger with mercantile Bank of which is receiving millions of dollars in support from the big six to Shore up its Deposit base after a panic in the Money of which Citibank new York Parent owns per disclosed thursday that auditors from the big six have been on its premises As Well conducting a de tailed examination of the books As a condition of the support it is receive Continental president David Lewis said in a news release the audit was arranged by Kennett and approved by his Banks Board of directors congratulations to the winners of our certificate of Merit awards each year the Institute of chartered accountants of Manitoba provides a certificate of Merit award and a Cash prize in the amount of to senior High school matriculation students who Are recommended by their High school faculties and who satisfy the criteria established for the students must obtain grades of a in English 300 and mathematics with an Overall average of b or better in courses which satisfy the admission requirements for University recipients must also be intending to enter our certificate of Merit award their schools and for 1985 Are As follows Winnipeg Balmoral High school Rashil Olgam Bruns collegiate Bryan Henderson Churchill High school Erwin Huldebrandt Dakota collegiate Sholpa talk Daniel Mclntyre collegiate Sherry Rylel Elmwood High school Lyle Antonyuk fort Richmond collegiate Adrian to Galla Garden City collegiate Robin shall longer Gle Lawn collegiate Institute Karen Nell Gordon Bell High school take Athanasopoulos Grant Park High school Pamela Glover John Taylor collegiate Daryl Shane Joseph Wolinsky collegiate Perry jacobean Kelvin High school Ritchie Strachan Kildonan East regional secondary school Naomi Quilbert College Louis Riel Gysele Daigneault Maples collegiate Tim Hulderman mennonite Brethren collegiate Institute Dorothea Saleal Miles Macdonell collegiate Gina Zahirney Murdoch Mackay collegiate Institute Patricia Dutchak Oak Park High school Alana Grayton Pierre Radisson collegiate Lynn Berthelette River East collegiate Liz Mary Zubek Boniface diocesan High school Gall Matheson James collegiate Janice Dye Johns High school Lisa Johns Raven court Mill Roy marys Academy Lisa Brakl Norbert collegiate Luanne Pauls High school David Mesman Shaftsbury High school Lynne Jackson Silver Heights collegiate Russell Peter Clark Sisler High school Cheryl Andrushko Sturgeon Creek regional secondary school Liana duration Transcona collegiate Derek Belsham University of Winnipeg collegiate Hanka Hul notch Vincent Massey collegiate Catherine Wolf Westgate mennonite collegiate Melanie Hildebrand West Kildonan collegiate Leona Buchs Zelber Westwood collegiate Paul Schailey Windsor Park collegiate Robert Maertens Winnipeg adult education Centre Diane Gauthier Winnipeg technical vocational High school Bill Nazer Rural Manitoba Alonsa school Alonsa Sharon Brown Arthur Meighen High school Portage Monique Ponder Ashern Central school Ashern memory Halldorson Boissevain High school bolts Evan Donnalea Popple Carberry collegiate Corbory Harllee English Carman collegiate Carman Maria Anna Cornelia Poppe Cartwright collegiate Cartwright Diane Gray Crocus Plains regional secondary school Brandon Debbie Ferguson Dauphin regional comprehensive secondary school Dauphin Darla Wasylyshyn Deloraine collegiate Institute is Loraine Florence Carey Ecol Pointe Des Chenes Anne Nadia ser eau Edward Schreyer school Beausejour Bonnie Trombo Elkhorn school Elkhorn Darlene Kliever Elton collegiate Institute Forrest Margot Roberts Eriksdale school Eric Kosdale Kathy Janke Erickson collegiate Institute Erickson Matthias Krause Ethelbert school Ethelbert Anil Sud Garden Valley collegiate Winkler Donna Kroeker Gimli composite High school a Lull Chris Rutx Nykl Glenboro school Glenboro Lawrence Arthur Lannoo Goose Lake High school Hoblyn Michelle Marie Glogowsky Grandview school Brandv Law Wanda Cowling Hamiota collegiate Institute Hamiota Cindy Prawdiuk Hartney collegiate Hartney Delia Ganske inst1tut collegial Notredame notre Dame Lourdes Yvette Cen Erlna Joseph Kerr school Snow Lake David Pilgrim Killarney school kill Lanvy Kim Burley Ann Cote Lac Dubonnet senior school Lac Dubonnet Chantal Preston lord Selkirk regional comprehensive secondary school Selkirk Bertram Schneider lease to own luxury Condo a once in a lifetime Opportunity to own a Home minimum Down pay ment please Call Leslie Joel Davidson 2575971 Brian Glennie at 2695060 or 9423108 code 2366 the y01vo Sale at your Volvo store All 1985 Volvo in Stock greatly reduced town Matthon Volvo Portage at Erin 7863458 s East of Polo pork every t because a show of Public Ance was needed after the collapse of the Canadian commercial and Northland and Industry sources said other Small such As the Bank of British also have had inspectors going through their the sources said this information was revealed to representatives of the opposition parties at an unprecedented close door briefing thursday by Barbara minister of state for Bank of is rumoured in the financial Community to be talking merger with a los Angeles Industry and government sources said Citibank has been negotiating with Ottawa for several weeks to absorb mercantile into its Canadian but the stumbling Block has been the status and lending Powers of the merged Citibank Canada was set up after the 1980 Bank when foreign Banks were allowed into the country amid great controversy As so called schedule the schedule b Banks operate As commercial lenders with limited asset Citibank has been asking Ottawa for lending and Deposit Powers Simi Lar to those held by the Domestic schedule a sources say Ottawa wont go for schedule a status but has agreed to greatly expand Citibank lending and Deposit Powers while keeping it on schedule Citibank was recently granted expanded retail Deposit Powers by the inspector an announcement on mercantile future was expected tuesday or Industry sources also say National Bank of Canada has been in the run Ning for mercantile and has offered to Swap shares on the basis of one National for two bakery for Sale fully located in the phone 9471991 after 3398648 retail Opportunity up to 1000 Square Toet available in tie Best location with Tho highest visa Lily in the South Winnipeg exciting space new development generous parking Call Libron development 9438122 Lozette collegiate Loretta Stephanie ser Dullak lunar school lunar Kim Guttormson major Pratt school Russell Karen Marshall Margaret Barbour collegiate the Pas Rod Araneda mennonite collegiate Institute Gretna Carla Friesen Midland collegiate Miami Sherri Young Miller collegiate Allona Kevin Nickel Minnedosa collegiate Minnedosa Monty Peckover Morden collegiate Morden Leanne Foussard Morris school Morris Kathy Hancox Neelin High school Brandon William Denton Neepawa area collegiate Neepawa Mark Alexander Clark Nellie Mcclung collegiate Manitou Annie Haresnape Parker collegiate Thompson Eric Salme Pine Falls High school Pine Falls Kurt Rosentrater Portage collegiate Portage Teresa Noga Reston collegiate Reaton Oraanna Rae smell Rivers collegiate Rivers Tracy Shanks Roseau Valley collegiate Dominion City Wendy Lynn Knutt Rossburn collegiate Rossburn Blair Burton Lonsberry Anne school Anne Jean Harrison Jean Baptiste College Jean Diane Damphousse Shevchenko 412 school Vita Shirley Bodnarchuk Shoal Lake collegiate Shoal Lake Glenda Preston Souris school souls Murray Brown Springfield collegiate Oak Bank Jessica Koenig Steinbach regional secondary school Steinbach see Ming Leung Stonewall collegiate Stonewall Richard Eugene Mattern Swan Valley regional secondary school Swan River Bonnie Gaz Dewalch Teulon collegiate Institute Teulon Ramone Maria Mohr Thomas Greenway collegiate Crystal City Grant Buchanan Theherne collegiate Institute Treherne Susan Kucharsky Virden collegiate Institute Var Dan Brent Gerard Warren collegiate Institute Warren Leona Baldwin Waskada collegiate Waskada Darin Qlson Wawanesa school Janet William Morton collegiate Dale Mon the Institute of chartered accountants of Manitoba Penthouse office just one flight of stairs to a private Penthouse office with a Superb View of downtown Winnipeg on the 24th floor of place Louis Kiel 1000 of deluxe office space for further details Call Smith 9476961 1302 the project features insured first mortgage at fur 5 years mar Rii Ilal Zuur Grilii Umi Cash Llev Iii a Iii Aramil annual Cash Luli irl irm Ision in of i Nibur ibid a quilt t provision no lurid by Dir Lucr insured promissory t a Niimd Priit Rii Linn warranty Misiun i Ull in Muir Raul Anil workmanship fur invt ilium Quality Al unit residential apartment of of Iii retail Loi Atid in downtown the offering ingils Al per unit arc Wilim offered ill tin1 Lolli Orne Snulli and Maxim 1 Iii Jsmrd Sci 1 Kuil Milikin Ash Diawn in april i april i april i april i april i april i april i sniff Trier inic i Ilic pruin1 l a prospectus May be obtained by contacting u Canadian securities Mary Avenue Canada inc Telephone 200 i his is nut in be Cuns Rueel us a Public no Crini in and in Canada unless a Prus Picklus Rila inn Iliili Tunas i Tii acc epic fur Hline in u Kimii Nissing or similar Cuil mrily in Mich Praxi Niiva k made die pin Specius Mil and a pics blur end May be nhiained1 rum lie unders Kuil and other data Lars us May lawfully Uler he Uler i s in Suth in Thor Isfeld car Neal president of preferred properties incorporated is pleased to announce that in Thor Isfeld has joined their marketing in Thor has been actively involved in real estate marketing Tor Over 10 years and has established himself As a Lead ing sales he has taken the necessary training to earn the car designations from the Canadian real estate association and also has the required training and experience credits for broker membership in the Winnipeg real estate he now uses his experience and marketing skills to offer his clients Tho very Best real estate service in Thor is a Welcome addition to prefer red property in their Pursuit of Excel Lence and he can be reached at 943 to Oon Alp j properties ;