Winnipeg Free Press

Monday, June 22, 1987

Issue date: Monday, June 22, 1987
Pages available: 59
Previous edition: Sunday, June 21, 1987

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  • Publication name: Winnipeg Free Press
  • Location: Winnipeg, Manitoba
  • Pages available: 59
  • Years available: 1872 - 2025
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Winnipeg Free Press (Newspaper) - June 22, 1987, Winnipeg, Manitoba 4 Winnipeg free june a Fojto Powell and Auriol from left give thumbs up Victory flyers finish Pace setting feat with autographs continued from Page i Lockheed 18 lodestar worked perfectly during the flying at a maximum Altitude of about the Clad in dark Green flight sat on a Wing and waved As the plane was towed to a display where they doused each other with Champagne and signed Ive forgotten the difficult to said Patrick the planes he said he spent two years searching for an air plane of the same Model As Hughess Craft for their he finally found such a plane in where it was being used to transport Chick he i discovered a new said Henri the Copilot and finishing the flight was a great Fourticq and along with fellow Crew member Hubert All from upheld their reputations As daredevils in completing the Auriol is a race car Driver who won the Paris Dakar rally in 1981 and this he broke both legs in a crash during an Automo bile also an Auto is a fou time Winner of the 24hour be mans he got a pilots licence at before he could he also holds a world record for a transatlantic crossing in a single engine an air France won the French microlight air Craft championship in the four had hoped to retrace Hughess celebrated which included three stops in the soviet but the soviets denied per so they chose a route that covered the same distance As the Hughes flight Kilometres with stops in spits Norway alas a Vancouver los Angeles Miami and nuclear sub plan backed in poll Toronto up half of canadians surveyed approve of the Federal governments plan to buy 10 Uncle a powered submarines to protect Canadian sovereignty in the a poll released today thirty nine per cent disapprove of the while 11 per cent have no indicates the poll con ducted by end ironic research group and published in the Globe and last defence minister Perrin Beatty tabled the govern ments White paper on defence poli which proposed a number of measures to upgrade Canadas Mili tary including the acquisition of a Fleet of nuclear powered submarines at an estimated Cost of about v the poll was conducted Between May 25 and june 10 among a Sample of adult canadians and is considered accurate within two percent age 19 times out of the White paper was tabled june after most of the interviews had been support for the nuclear powered Fleet is Strong in Atlantic where 57 per cent approve and 29 per cent Are the poll greatest opposition is in where 43 per cent approve and 48 per cent in 52 per cent approve and 35 per cent disapprove and in the 52 per cent approve and 38 per cent Digap Alberta has the strongest level of approval in the 63 per and the lowest level of disapproval at 27 per the poll British Columbia is divided per cent approve of the plan and 46 per cent oppose the poll found 61 per cent of conservative supporters favor the submarines and 29 per cent support is 53 per cent among Liber with 37 per cent new democrats favor the plan 46 per cent to 45 per Stock account broke rules for Blind sources say continued from Page 1 broke Industry rules for Stock Bro also was sent to the Toronto Stock in the Exchange sent it to the investment dealers association of the body that oversees to deter mine if an investigation is the Canadian press has Learned that the office of the assistant Deputy registrar responsible for supervising the conflict is in Quiring into the Mcinnes Csc television reported last night that officials in that office investigated the matter and found Mcinnes to be in compliance with conflict of interest Industry sources suggest that the account Montgomery established for Mcinnes at Mcleod Young Weir in Halifax where Montgomery worked As a broker when Mcinnes entered Cabinet not meet Industry requirements for the Type of account used for Blind broker quit Montgomery suddenly quit Mcleod Young Weir last february under what Mcinnes says was a falling out with the firms Atlantic regional prominent provincial conservative Don Montgomery now is a broker at Nesbitt Thomson in where he still supervises stocks in the Blind Trust for Mcinnes denied he consults Mont Gomery about his Stock i dont know what is in my port Folio he said in an i dont Converse with Montgom Ery on my he looks after he buys and i have no con Mcinnes said he was unaware that Montgomery was on the Canada Council investment advisory com even though As a Cabinet minister he might have taken part in approving the during the course of two inter views spaced about 45 minutes Mcinnes changed his description of Montgomery As his Mcinnes made it Clear in the first interview that he considers Mont Gomery to be his he said he explained his close relations with Montgomery to Robert Assis Tant Deputy registrar when the Trust was set i put Boyle or one of his people in touch with i said Check each other you ask the Ive gotten approval of the that All i know is i got a letter of or i got verbal one or the from saying that this was in not a detail i dont look at i leave everything to every body Mcinnes said in the second inter View that Mcleod Young Weir was the actual trustee until Montgomery went to Nesbitt when nes Bitt Thomson took Over the he described Montgomery As the personification of the Mcinnes said he instructed Mcleod Young and then nes Bitt to put Montgomery in charge of his Industry regulations require that a stockbroker needs authorization from senior company officials to buy and sell stocks in what Are called discretionary accounts accounts where clients Are unable or unwilling to make investment that would be the Case where the portfolio is part of a Blind but a source said senior officials at Mcleod Young Weir who would have Given such authorization have no recollection of doing one of the leaked documents Indi Cates that Montgomery made sever Al so called unsolicited trades a brokers term to indicate that the trading action was sought by the client Lor the Mcinnes Montgomery insisted that the Mcleod Young Weir account for Mcinnes was discretionary and that he had the required authority each time he made a decision on behalf of he also said Mcleod Young Weir was the its a game of he the actual trustee was Mcleod Young i know that Mcinnes signed a Trust agree ment with myself and Mcleod Young that All i can Montgomery also insisted he did not get investment advice from but he refused to say who authorized his transactions at Mcleod Young the leaked documents indicate that until March this the port Folio of Stock that Mcinnes owns was under the direct responsibility of Clarence a broker with Paine Webber in account moved Wurtz has moved to Hopper Soli Day and and took the account with Mcinnes described Wurtz As a Friend and said he has owned the american shares for five or six or eight he runs he makes the decisions on Montgomery said he appointed Wurtz to be an agent for officials at Mcleod Young Weir expressed Surprise when told about the Philadelphia a copy of a March 1987 closing statement of the Paine Webber a made after Wurtz apparently took the account to Hopper indicates that a copy was sent to Mcinnes at his Halifax i dont recall Ever getting any thing at my Mcinnes Montgomery said he had instructed Wurtz a year ago that copies were not to be sent to Winnipeg carriers join National strike continued from Page 1 demanding from us Are totally unacceptable to our he Canada Post spokesman Chris Reading a prepared state said the corporation was Dis appointed the carriers action came at a when the corporation is seeking the appointment of a Federal Canada Post will attempt to meet its service requirements to its customers within the scope of what is Guly in the mean the corporation is striving for an Lechman said the Union will do All it can to Block mail delivery in the City during the carriers demonstrating outside the downtown Plant were being filmed Early today by one of their they want to videotape so i guess Well play the same Campbell if there Are prob lems on the picket at some Point Well have to have our evidence if we have to go to he said carriers in Thun Der Sault Marie and Sud Bury also joined the rotating strike this Mike National general Vic president of the letter carriers Union of said from Ottawa that Ontario letter carriers had walked out in Niagara port col borne and pickets were also up in Thunder Villemaire said other strike locations would be announced later in negotiators Robert president of the and Harold chief of labor relations for Canada took the Day off yesterday and looked for an announcement today of the appoint ment of a Federal the Crown corporation asked for the mediator and promised not to bring in outside help during the seven Day mediation but Mcgarry has not promised to suspend the strikes at the same saying he doubted a mediator could accomplish much unless strike pressure was pickets were Down at sorting plants in Toronto and nearby missis Sauga by Midnight saturday and truck Drivers were Back on the Job collecting mail and delivering it to postal stations said Canada Post spokesman de Ottawa Protection pledge Union chief says continued from Page 1 enforce the pacts minimum production he White said the memo suggests Ottawa Promise to protect the pact is without changing for All in tents and purposes youre destroying White theres a lot of dishonesty going on around Here As to just whats the other changes referred to by the memo would make it difficult for Canada to attract offshore car makers to Canada by promising free Access to the Canada now applies the Auto pact which Means Auto firms from any country that meet the production requirements can qualify for its benefits and Export cars duty free from Canada to the United it also Means companies such As Ford and general motors can import third world parts and cars through Canada without paying duties they would pay if the imports were shipped directly to the United although no asian car maker currently meets Auto pact require Canada also tries to encourage them to invest through a duty remission program that cuts duties on their car imports if they Purchase parts in Canada for Merkin said he is confident Canada will agree to drop the remission program even though Canadian negotiators have not said the memo the Canadian Federal government thinks it can get the prov inces to agree to removing the duty remissions program and make re Quested changes in the Auto pact because it can threaten to withhold substantial Federal revenues from the the memo Merkin also reported the government has problems with Cana Das proposals for a joint tribunal to Settle Trade disputes through binding the memo Mer Kin also noted that negotiators Are pushing for a narrow definition of culture to prevent Canada from using cultural sovereignty As a Broad Means of the memo tuesday until 1 Day Only our Price Sale never before and prob Abb never again a Sale this big every Premium mattress is Sale priced Don Missit every 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