Winnipeg Free Press

Winnipeg Free Press (Newspaper) - June 27, 1987, Winnipeg, Manitoba 20 Winnipeg free june nip wants use Crapshoot image cleaned up by Daphne Bramham Victoria up the Vancou ver Stock Exchange is a crap shoot that is not for the fainthearted or those who cannot afford to lose their Money says the nip oppose demanding that the government clean it Moe member for Esqui malt port said he knows of at least 148 companies listed on the Exchange that Are using questionable Means of raising Sihota said he wants the social credit government to take affirmative Steps to clean up the image of the use and the most immediate step it could take is the hiring of additional enforcement outside the he said the sacred government Doest have the political will to make Ive said before and ill say it the government is out to protect its Sihota there Are brokerage houses which Are involved in activities and individuals in brokerage houses that Are involved in similar activities to tech Nigen and they Are friends of the he warned that if the current image of the Exchange As the Reno of Stock exchanges continues while the Junior Toronto Exchange establishes Well see More and More legitimate in vestment making its Way to Toron to much to the detriment of British Sihota asked finance minister Mel Couvelier in the legislature about one particular company registered on the Exchange tech Nigen which has moved from in october to More than in april on the strength of news re leases announcing marketing con tracts of Couvelier said he would report Back to the i know i am going to be embarrassed in the future like i am embarrassed the minister said in an but All i can say is that we Are doing our Best and we remain committed to the Prin Ciple that the usefulness of the Vancouver Stock Exchange is beyond question and it is truly acquiring an International repute the finance minister said Lon Don investors Are now playing the Vancouver Exchange and some Hong Kong investors Are interested because it is the Only venture Capi Tal Market in North the very essence of a venture capital Market Means that it is very it Means that is not for the weak hearted and it Means its not for people who cant afford to Couvelier in order to attract that the minister said it must maintain a very flexible unlike the Toronto and new York exchanges which consider them selves in the senior Market area and above the machinations that have to go into creating a Junior i feel very uncomfortable every time these embarrassments Cortie he but i know that there going to continue to come up because i cant do much about guaranteeing that they never he As the Couvelier said he must ensure that these purities commission and the superintendent of which oversee the Are adequately but earlier this Alan Oil the superintendent of Bro kers enforcement told a reporter that in addition to his staff of 23 i need another 12 people not to catch the entire world but just to keep on top of Couvelier didst know How Many investigators Are but admitted it is difficult to find Quali fied people because the pay is far below what they can earn working for brokerage he said the government is trying to put a system in place where companies would subsidize the wages of staff members willing to train and work with the enforce ment Branch for limited periods or a system of training business Stu dents from the provincial universities to do the work As part of an internship or apprenticeship pro but Couvelier said that Doest mean that we would treat some one with a criminal record in the same Way that we would treat someone without a criminal rec Sihota noted in the legislature that the principle player in techno Lawrence has been charged with 21 violations of the Saskatchewan securities China imports More Grain As planners Cut farm exports Washington a China is reducing its agricultural exports this year while at the same time boosting imports of the agriculture department said faced with rising Domestic de favourable Domestic prices for some and some improvement in the Overall Trade Defi chivas planners could Cut Export the departments economic research service said in a less soy Beans and Cotton will Likely be exported in although shipments of Agri cultural products to China dropped to a nine year Low in analysts said exports could reach about million us in the current fiscal up from million last China began buying Corn Early in 1987 and this Spring bought one million metric tonnes of wheat under the subsidized provisions of the Urdas Export enhancement the 1987 chinese Grain Harvest could produce 401 million up 10 million tonnes from last year but still six million tonnes below the record 1984 the report free consultation Wilder and Langtry the Bay Legal Centre is featuring a free consultation at no Cost or obligation to no appointment is necessary or Call 505 for an and u writs principal Ollice 1500 Richardson cat Chetri 4th downtown put on polo7 team colors at our Low Eye popping 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