Winnipeg Free Press

Winnipeg Free Press (Newspaper) - May 1, 1990, Winnipeg, Manitoba Airport plan gets Good reaction by Mary Ann Fitzgerald a group promoting interest id local management of Winnipeg International Airport has received Good but so far no commit ments of from Manitoba transportation minister Albert a Fiedler and mayor Bill we received quite a positive re Sandy chairman of the Winnipeg chamber of com Merce transportation Council and appointment Kenneth the Winnipeg free press is pleased to announce the appointment of Kenneth Jones Vas a lifelong resident of Jones has had extensive experience in the printing business with companies carrying on operations in Winnipeg and As he will be responsible for All financial data systems management and he personnel Winnipeg free group said following a meeting yesterday with the group has been invited to make its presentation to executive policy committee Driedger is expected to take a paper on the proposal to Cabinet May a spokesman for the minister said the group requires a letter from Driedger and a Resolution from win Nipges City Council designating a 12member task Force As the sole negotiating agent before Ottawa will launch negotiations for the Transfer of management from transport Canada to a local Airport author following a meeting with the group last Driedger reserved saying he wants to do some financial safety checks to ensure the Federal in transferring int also transferring responsibility for any future debts the Airport might we want to make sure we dont get ourselves into a commitment with financial Imp Lica Driedger he added its a very inter Esting i think it has a lot of in a recent also expressed concern about financial but like thinks the idea sounds promising As an economic development the group is also seeking a total of from the two Levels of government for a feasibility study and development of a business plan considered a key document in determining whether a Laa is formed in Ottawa will pay the other half of the Bill for the the Laa would be a financially Independent business entity to Man o 1 sometime it makes sense to take but not when you choose a calculated risk taking with your investments can be very rewarding but Only when you have the Security of knowing youre dealing with a broker you can rely More and More Independent Canadian investors count on Green line for Green line is backed by the strength of to savings of up to on service 24 hours a 7 Days a week Tollfree service from anywhere in most Market orders Are executed and confirmed in As Little As 15 Access to All North american Trade a Complete Range of for More information and an Call your nearest Green mail the Coupon or visit any to Bank i Green line investor services Box station Ontario m5w9z9 111 risk 39 on Green Ilease Send me free information and an application for in Green line trading in Green line self directed Rolt j Green line self directed rift i i prov Idle code Home phone v i i Green line Canadas largest discount Toronto 7mm or mn7 dragon City loruntu1 Mhz Len Windsor 77irt i to in London in t7nhii i pm to hi7 Hamilton 416s2i i Hixion still Ottawa in v i o7 Ontario i Hihi Montreal in i h4 u7j Quebec Halifax Atlantic Saskatoon Saskatchewan Winnipeg Manitoba Calgary id1 Edmonton Mlih Alberta i Mill 17 n717 Vancouver Fum no by i Hihl tm1 Uloho age arid operate a local Airport sys tem and its associated business in under the plan announced by Ottawa in the authority would be on its required to finance both operations and capital construction independently of All Levels of govern there would be no shareholders and any profits would be poured Back into the operation and maintenance of the Ottawa would continue to provide and pay for air traffic control immigration and weather the Federal government has favored transferring the management through a Lon term lease arrange but Hast ruled out the possibility of Selling an Airport to a local Vancouver and Montreal Are pursuing the idea and have filed formal Transfer proposals with the Federal Airport Transfer task Ottawa negotiating in seeking the necessary Provin Cial and civic the interim group is proposing Winni pegs task Force be made up of two representatives each from the the the Winnipeg business development and the Winni Peg chamber of Commerce and one representative each from the trans port Institute at the University of the Airport and the Rural municipalities of Rosser and each organization would name its own if the makeup of the task Force is approved we could move rapid Hopkins the next step would be to apply to the Federal minister of transport for permission to open discussions and launch Hopkins said the groups proposal to Driedger seemed to be favourably he was concerned about the Transfer of costs from one level of government to the other he he asked a lot of Good questions about the terms and Driedger said he will give his answer in less than a at first it seems sex he certainly anything that will enhance Winnipeg and we want to Hin recession on say economists by Larry Welsh Ottawa up the Economy shrank in february for the second month in a and some economists said yesterday it May be too late to avoid a the last time the Economy declined two months in a Row was in june and july 1982 when the country was mired in the worst contraction since the great i think its too late to push the panic said Doug appointment Stanford pet Ocanada is pleased to announce the appointment of Jim Stanford As president and chief operating reporting to Bill chairman and chief executive officer of pet Ocanada located in Stanford has the Overall responsibility for Day today operations of the leading pet Ocanada toward its vision of higher profitability and he also continues to serve As president of Petro Canadas resources Stanford holds science degrees in mining engineering from Loyola College of Montreal and Petroleum engineering from the University of after 19 years of Industry he joined pet Ocanada in he has been president of Petro Canadas resources division since it was formed in Stanford is a director of the Canadian Petroleum the Oil Industry International exploration and production sync rude Canada Westcoast Energy philharmonic society and Alberta theatre pet Ocanada chief economist at Toront Odomin Ion the Economy is slowing and weve finally put the brakes on for two months in a Row and it has stopped that Means the first Quarter is going to be Flat or statistics Canada said the econ omy shrank per cent in february following a revised per cent con traction the month after accounting for John governor of the Bank of has pushed interest rates to their highest level since 1982 in a bid to slow the Economy and squeeze inflation out of the but the latest economic figures still dont reflect the full Impact of the two latest rounds of interest rate prime generally charged by major Banks on Loans to their corporate top Rose to per cent last week after rising in mid february to per cent from per if we Cut interest rates a recession is already in the said Jeff senior economist at Wood a recession occurs when the econ omy shrinks for two quarters in a Row and Rubin believes that will probably happen later this i dont think this is really the be ginning of the Economy unravelling i think that still about two quarters away when All of a sudden we get a very Sharp contraction in invest ment he so Strong business investment spending in new plants and equip ment has been an important source of strength for the weakening econ but dismal corporate profits will quickly change company treasurers minds about spending Money on new Rubin statistics Canada said the goods and service sectors of the Economy both fell per cent in that was the first decline in the service sector since March mainly due to a Sharp drop in the housing activity in the resale housing which had been sliding since last fell substantially in february and this weakness has continued into Statis tics Canada residential sales in 25 cities across Canada plunged 22 per cent in and the average Price of a House fell per cent to from in March the Canadian real estate association reported last the Federal government also re ported last week that bankruptcies by individuals and companies jumped 35 per cent in March to from in the same month last receivership Sale precision machine company we have been authorized by Coopers Lybrand to sell the assets of ski incorporated for Sale by offer individual pieces or in bloc Sale starts May 1990 Public Sale 9 to 5 to until All sold location 1320 Church Avenue Manitoba machine equipment Oak mch700 inc machining Oak mcv500 inc machining Quick turn 35 Mit Utoyo b241 measuring Mori Seiki tl5 tos sn50b Sirco pa24 Gallico tracer tos sn55 lathe 3 Ema radial Arm Norton surface Skye Sheng 1340a tos fnk25 Mill Saio 54p Mill Heald internal tos fa4au Mill Sajo u54 do Mill ribbon rv800 Vibra de burning machine and More shop equipment Toyota 5000 in Miller Mig Miller 68 2 fall horizontal band Well saw horizontal band Buffalo 3 head 6 head Drill Westinghouse 225 Brierley Drill bit Klee tool Hydro vane 40 Perkins Lincoln 200 amp Heliar 250 Wigmaster measuring hand tools and More computer f office equipment Honeywell Dps Model 45 computer digital Vax ii drat master i 3 Toshiba 3100 Laptop com 2 Epson la 800 ism pc drafting file cabinets All calculators and More All equipment in excellent running condition subject to additions and deletions auctioneers liquidators appraisers Sulu location 1320 Church Manitoba on sue 204 697 1583 on site 1204 6324519 Wip Peg free interest rates this week aft Titi Trust cpnfr3 guaranty v National Trum Montreal Trust i Mutual funds Toronto up recent prices of investment funds supplied yesterday by the investment funds Institute of they Are the net asset value per share or unit naps last circulated by the fund in accordance with its pricing practice As contained in the prospectus of the no sales a redemption uus group am 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