Winnipeg Free Press

Winnipeg Free Press (Newspaper) - January 14, 1994, Winnipeg, Manitoba 5 year maturity stripped Coupon Bonds guaranteed no fees Brian Cruickshank 9420311 Midland Walwyn sub Jillo Blue Chip thin King Winnipeg free press Money Philip 6977002 a13 january Dairy partner Butters up business by Murray Mcneill business writer talk about a Short shelf on a new pm ploy owned cooperative Coop dairies was born when 67 workers at the membership owned Peoples cooperative officially assumed control of the win Nipe based milk processing but less than eight months Coop dairies was no longer a firm that was wholly owned by its pm it became a firm that was half owned by its employees they Call themselves the Dufferin employment Coop and half owned by a Vancouver based Dairy cooperative Dairy world driving Force Mike Coop dairies Gen eral manager and one of the driving forces behind the employee Purchase of said during an interview this week that it want easy for him and the other employees to surrender half of the ownership and control of Coop geared for growth dairies to Dairy world Cana Das second largest Dairy co opera especially so soon after they had acquired but most of them realized that was what they have to do if they wanted to ensure the Lon term survival of Coop dairies As a full line Dairy processing i Dora he explained that when the employees first began discussing the possibility of buying the 61year old Peoples which included a milk processing Plant in a butter manufacturing Plant in and an Automo Tive servicing outlet in there was already a trend develop ing which had the National food chains buying More and More of their Dairy products from National suppliers rather than from regional and although Gidora and the oth ers who spearheaded the employee Coop dairies Dairy world foods Manitoba founded 1931 ownership fifty per cent owned by the Winnipeg based Dufferin employment Coop and 50 per cent owned by Vancouver based Dairy world product or service Coop dairies is a fluid milk processor and full line distributor of Dairy food employees 67 52 in Winnipeg and 15 in company growth sales grew from million in 1991 to million in projected growth sales Are expected to increase by about 50 per cent a year for at least the next two Gordon preach Winnipeg free press Purchase thought it would be an other five to seven years before regional milk processors would become almost by the time the employee Purchase Deal was completed nearly a year it had become obvious the crunch would come much sooner than so when the Opportunity arose to enter into a joint venture with a Large operator like Dairy world most of the employees realized it was an Opportunity they afford to pass Gidora and although the joint venture has been in operation for less than six he said Coop dairies is already beginning to reap big Bene fits from the new for it has landed a num ber of major new corporate customers that it otherwise Gidora being part of the Dairy world network also gives Coop dairies instant Access to All of the markets in which Dairy world now including Brit ish Ontario and he and instant a Cess to a number of additional Dairy products that it Doest produce it As Coop dairies has been Able to obtain technical assistance and a substantial amount of surplus equipment from i Dora and combined with other changes the firm is will enable it to double the production capacity of its Dufferin ave nue milk processing Plant by the end of March of this looking Back on everything that has happened Over the last couple of Gidora said that the new strategic Alliance with Dairy world is one of the main reasons Why Coop dairies was Able to ride out the its also one of the main reasons Why the firm expects its annual which topped to More than Doubli next two he Dave free press Oak Ejohnson Gidora says a venture was an Opportunity employees afford to pass Canadian cancer society take notice that the annual meeting of the Canadian cancer society will be held at the Novosel Toronto 45 the esp la Ontario on february at local time to receive the reports of the directors and the auditors and to transact such other business As May properly be brought before the by order of the directors Dorothy lament Secretary travel the hot spots and the fun saturday Winnipeg free press for Home 6977001 glut forces Alcan to Cut Back Canadian press Montreal a worldwide glut is forcing Alcan Alu minium to scale Back production at five including two in the company announced Cominto sinking fund debentures due february notice of partial redemption for sinking fund purposes to the holders of sinking fund debentures due february notice is hereby Given pursuant to the terms of the Trust indenture dated As of february Between Cominto and the Royal Trust As under which the sinking fund debentures the were the under listed debentures have been drawn by lot for redemption in whole for sinking fund purposes and will be redeemed on the 15th Day of 1994 the redemption the stated principal amount of the following Coupon sinking fund debenture of denominations of dm00723 of dm00724 of dm00725 of dm00726 of dm00727 of dm00857 of dm00858 of dm00859 of dm00860 of dm00861 of dm00862 of dm00863 of dm01007 of dm01009 of dm01871 of dm01988 of dm02076 of dm02233 of dm02306 of dm02536 of dm02828 of dm02892 of dm02893 of dm05322 of dm05373 of dm05408 of dm05683 of dm05781 of dm05787 of dm08886 of dm14199 of dm18856 of dm20378 of dm24525 of dm24541 of dm24544 of dm24551 of dm24557 of dm24560 of dm24563 of dm24576 of dm24581 of dm24586 of dm24622 of dm24960 of dm24963 of dm24966 of dm31087 of dm41240 of dm41243 of dm42612 of dm42b88 of dm42889 of dm45775 of dm46288 of dm46293 of dm46294 of dm46355 of dm47115 of dm51886 of dm51986 of dm42382 dm42386 the redemption Price of each debenture so drawn or of the proportionate amount of such debenture to be being 100 of the principal amount thereof or of such proportionate amount plus accrued interest to february will be paid in the Case of unregistered debentures to the bearer thereof and in the Case of the principally registered debentures to the registered Holder thereof upon presentation and surrender of the debentures with All a matured coupons Coupon 39 and successive pertaining thereby at the Royal Trust company As shown below for delivery the Royal Trust company the pm Trust company mall level 1177 West Hastings Street v6e 2k3 for mall the Royal Trust company the pm Trust company Box 1900 v6c 3k9 with respect to the fully registered the redemption Price of each debenture so drawn or of the proportionate amount of such debenture to be redeemed being 100 of the principal amount thereof or of such proportionate amount will be paid to the registered Holder thereof upon presentation and surrender of the debenture to the Royal Trust company As shown above accrued interest to february 1994 will be mailed by the trustee in the usual with respect to the debentures of which a part Only of the principal amount is being the upon receiving the said debentures shall immediately certify and without to the Holder a debenture or debentures of aggregate principal amount equal to the unredeemed part of the principal amount of the debentures so and notice is further Given All interest upon the debentures specified in this notice or on the proportional amount thereof to be redeemed shall cease to be payable from and after the redemption certain other registered debentures have also been drawn by lot Tor and a notice or partial redemption is being mailed to the registered holders dated at the City of Vancouver this 14th Day of january Cominto by Royal Trust trustee no jobs will be Cut in said spokesman Charles Montrea based Alcan said the temporary production cutbacks amount to tonnes a the company Hopes they will help improve world crts tuning into its rates sip on a gourmet business blend the Southport incubator program could be your answer starting a new business looking for Cost effective space require support services aerospace j where your new business can come to live arid for Complete information Contact Doug Sargeant administrative marketing assistant Southport aerospace Centre 233 my rom 1 no phone 204 4283370 flax 204 4283377 subject o eligibility to the holders of province of Saskatchewan debentures Canada 7 debentures due february series in and up notice is hereby Given that in accordance with the terms and conditions of the the province of Saskatchewan intends to redeem and hereby Calls for redemption on february All of its 7 debentures of series in and up dated february due february at the redemption Price equal to the principal amount of the debentures together with accrued interest to the redemption on or after february payment will be made upon presentation and surrender of the debentures at any Branch in Canada of the Royal Bank of Canada at the holders on and after february interest on the debentures shall cease to government of Saskatchewan province of Saskatchewan dated january the relatively quiet Winnipeg offices of the Canadian radio television and telecommunications commission will probably Start getting a Little that As of the crts has begun regulating the rates of the Manitoba Telephone system instead of the Public utilities the change has been in the works since the supreme court ruled in 1989 that telecommunications was a Federal undertaking and hence regulated by the Federal but which is a provincially owned Crown got immunity from this decision after the Alberta Telephone act which at the time was also appealed to the act was subsequently privatized and now its and sask Tel Are the Only provincially owned Telephone companies in the through another negotiated Saskatchewan will not be under the crts jurisdiction until according to spokesmen at the crts and the Public utilities there will not be any dramatic change in the Way rates Are Gerry executive director of the said hearings were held in mid december confirming interim agreements the Board made regarding special interest issues at its and the phone company has already had All its rates approved by the one of the challenges that its will present to the Federal commission is rate setting for a Crown first one on the crts portfolio not counting the one of the things the pub did was establish what Type of rate base is warranted for an appropriate rate of return to the owners of the because its has a much higher debt equity it wont be immediately obvious to the crts what the most appropriate rate of return its will be dealt with the same Way other privately held companies Are said Gary the crts representative in but Krushen said the High debt equity situation at its will have to be considered to determine what the most Correct rates Martin Cash june mass director of Public said there will be no significant change in the Way it handles rate in she said dealing with the along with the other partners in the Public government relations Arm of the Telephone will be a Little More efficient in that Stentor sometimes will file particular issues with the crts for All its q q q one of the oldest companies in the sustainable development Field is moving its production and administrative staff to yesterday Abby Rockefeller one of the president of Clivous Moltrum announced that her which makes waterless composting will relocate its production facilities from to the company has entered into a manufacturing Alliance with Winnipeg plastics Carylon the 50yearold whose technology originated in will now have All its manufacturing done in Winnipeg instead of using a Southern Carylon president John Borland said his company has been Able to show the Clivous Moltrum people that Carylon can deliver better service and a source close to the Deal said Carylon will be Able to reduce the Price of the units almost in half to about while its not Clear exactly How Many new jobs will be created in Borland said there will be Between five and seven manufacturing jobs created in the first year at a provincial government statement says there will be 20 jobs created with the potential for More than Rockefeller purchased the rights to the system in 1973 and the systems have been in operation in Canada for f ;