The Vancouver Sun from Vancouver, British Columbia, Canada on May 20, 1989 · 41
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The Vancouver Sun from Vancouver, British Columbia, Canada · 41

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Vancouver, British Columbia, Canada
Issue Date:
Saturday, May 20, 1989
Page:
41
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BUSINESS D3 The Vancouver Sun, Saturday, May 20, 1989 Arams stow fares B.C. govennniieinit BoM DROPS CARD RATE Canadian Press TORONTO As a committee of MPs prepares to begin hearings on credit-card charges, the Bank of Montreal has announced it is reducing its charges on outstanding MasterCard balances by half a percentage point. The bank said Friday its rate will drop to 20.35 per cent from 20.75 per cent, after the June statement. Earlier this month, the all-party consumer and corporate affairs and government operations committee said it would study credit-card charges. By PETER O'NEIL Sun Ottawa Bureau OTTAWA -The B.C. government will participate in a controversial arms show that starts here next week. Peace groups and other activists plan a protest march Monday against the ARMX '89 arms bazaar involving at least 1,000 people from across Canada, said organizer Richard Sanders of the Coalition to Oppose the Arms Trade (COATS). They also plan to block entrances Tuesday to the event at the Lands-downe Park sports complex when the three-day show, which is closed to the public, opens, Sanders said. ; On Friday in the House of Com- Ottawa event creates furore in Commons records, Sanders said. Several of the Canadian companies at the trade show have sold equipment to Third World countries with poor human-rights records, he said. New Democrat MPs such as Dan Heap (Spadina) said the show helps Canadian companies sell arms equipment to the Third World. Schmidt confirmed Friday that officials from all non-communist bloc embassies in Ottawa, including South Africa, have been invited to attend the trade show. A South African embassy spokesman refused to comment on whether South Africa will send someone to the show. mons, MPs engaged in a heated debate most of the day over an New Democrat motion to condemn the federal government's support for the privately sponsored trade show. The ARMX trade show began in 1983, an inititative of the department of national defence. The objective was to bring together Canadian defence-industry manufacturers to Ottawa every two years to display their wares to defence department purchasers. Toronto-based Baxter Publishing Ltd. took over the operation in 1986, and expects at least 450 Canadian and foreign exhibitors the largest ever turnout, according to company spokesman Wolfgang Schmidt. Proponents such as Mary Collins, associate minister of national defence, say the arms show is far less offensive than it sounds. Collins (Capilano) said in the House of Commons Friday that fewer than 10 per cent of the exhibits involve weapons. "I don't see what is so threatening about this," she said, adding the trade show will help B.C. companies get a larger slice of the defence-pro curement pie. Most of the military wares there are training equipment and military supplies such as boots and uniforms, necessary to maintain Canada's armed forces, Collins said. But opponents say the arms show encourages international violence caused by the international arms trade, and facilitates the sale of arms to governments with poor human-rights records. One of the foreign exhibitors at ARMX is Israel, which is a heavy dealer in arms to Central American countries with dismal human-rights 27 arrested in Uniroyal walkout violence Canadian Press ; KITCHENER, Ont. Charges were laid against 27 people after striking workers at a tire plant jostled with police on a picket line Friday. . More than 100 police fought with 250 pickets, who are angry that Uniroyal Goodrich is shipping tires during the strike. Meanwhile, a company spokesman said the plant will seek a court injunction next week to limit the number of pickets. "The very serious events of the last few days have left the company with no alternative," said Owen Lackenbauer, a company vice-president. There has also been some vandalism of company property during the nine-day strike, he said. On Friday, Molotov cocktails sparked a fire that destroyed a trailer loaded tires worth $200,000. No arrests, have been made. ' Police were called to the plant Friday because the company planned to move four tractor-trailers loaded with tires. The company says the shipments are necessary to keep the plant viable. - But union president Chris Haufe questioned the need for so jnany police officers. "It's scary and it s repulsive. - About 1,300 workers walked off the job May 11 to protest stalled contract talks. Contract talks are to resume Tuesday after workers overwhelming rejected a proposed pact earlier this week. ex i iiifa ilfir ' CANADIAN PRESS POLICE DRAG a picket away from the Uniroyal Goodrich plant in Kitchener Friday after rocks were thrown. Those charged by police were accused of committing obstruction, causing a disturbance, mischief, assault and possession of a weapon. One veteran officer at the scene said it was the worst confrontation police have faced in the region in more than 20 years. The employees have said the company is seeking concessions and wants to make Saturday and Sunday regularly scheduled shifts with no premium pay. Employees went on strike six years ago over the same issue. Union leaders were negotiating this morning and could not be reached for comment. Strikers also charged that Waterloo Regional Police were using excessive manpower and force. BCED negotiating sale of U.S. assets JMB Realty Corp. of Chicago is negotiating to buy the U.S. assets of Toronto-based BCE Development Corp., which have a book value of about $1.4 billion US. Cadillac Fairview Corp. Ltd. president Jim Bullock, whose company is a JMB subsidiary, confirmed Friday there are "ongoing discussions" taking place now between the two companies. BCED, formerly Daon Development Corp., announced two weeks ago it would sell its money-losing U.S. assets and concentrate on the Canadian real-estate market. The assets include office and commercial properties in Denver, Minneapolis-St. Paul, Chicago and Phoenix that BCED bought from the Oxford Group of Toronto three years ago for $1 billion. Former BCED chairman Jack Poole told the company's annual general meeting in Vancouver this month that depressed market conditions particularly in Denver have caused the properties to become a major drain on BCED's financial performance. The company reported a $13.4-million loss during the first quarter this year. A story in Grain's, a Chicago business publication, says JMB is involved in a 30-day period of exclusive negotiations with BCED. JMB bought the assets of Toronto-based Cadillac Fairview two years ago for about $3 billion and Burns Fry Ltd. analyst Don Tigert said he is not surprised the company is interested in the BCED properties. "JMB has access to large pools of institutional capital, primarily from U.S. pension funds," Tigert said. "They have shown in the past to be very skillful marketers and packagers of deals. They would be very experienced, logical people to buy (the BCED package)." FOR SALE NEW S STOREY OFFICERETAIL BLDG. Prime downtown location Ideal tor ownerused I '? blocks Irom ALRT PRICE $4,800,000.00 EXCLUSIVE AGENTS P. H EARNA. MARCH 683-3111 COMMERCIAL REAL ESTATE SERVICES PROPERTY MANAGEMENT ACCOUNTING .it e tav eocDioiTinu .DCBCnuAl TAYSFRVICE (Home Pickup Dtllnry) CORPORATE INCOME TAX SERVICE "FRANCHISES AVAILABLE" . the UNIX grip (604) 611-1646 Far (604) 987-9386 Langley, Delia, Nortti Vancouver, Surrey, Burnaby CONSTRUCTION MANAGER Vancouver base retailconstruction company requires experienced Construction Manager. Design background an asset. Please call 669-3838 Above Alt. Location A professional appraiser with a well respected national real estate compan y recently said of Tudor Manor: "One of the most prime residential properties in the world" With every residence enjoying a permanent, unobstructed south, southwest view over English Bay, u v think you u 'ill agree that Tudor Manor represents a unique opportunity to secure a most resilient real estate investment and an unparalled luxury waterfront living experience on Beach Aivnue. ' Jm. gag m pJjrfr.ll fee IjjfU ffljj JtlJ iHTr'rin ri rrn 1 JaU j-Hql I I Ip- JI TIik! Hsn n N Ml jfTmrrvm rant mi hi 1090 to 2700 square feel, priced from $409,000 to $1,750,000. hir further information or an apfxiiiitHwnt to view, please telephone the .sales off ic e at 685-6524 t ilt licuch Ate.. Vunamivr, B.C. APPOINTMENT NOTICE Mr. Stuart H. Noble, President & C.O.O. of Pacific Press Limited, publisher of The Vancouver Sun and The Province, is pleased to announce the following senior appointments. III Villi 111 Jplllf iUL J. N. MARR MR. JEREMY N. MARR to the new position of Director, Operations. Mr. Marr has the overall responsibility for production, engineering, information systems, editorial services, office services and purchasing. He is also responsible for the building and operation of the Company's satellite printing plant in Surrey. Mr. Marr joined Pacific Press in 1977. MR. MICHAEL A. PELLAIMT to Director, Human Resources. Mr. Pellant has the overall responsibility for personnel and industrial relations, safety, security, and employee communications. He joined Pacific Press in 1986, bringing a range of experience gained in mining and the newsprint business in Alberta. M. A. PELLANT MR. CHARLES C. COOKE to Business Manager and Corporate Secretary. Mr. Cooke has the overall responsibility for all the activities related to the Accounting, payroll and Credit Departments and various financial planning functions at Pacific Press. Mr. Cooke has been an employee of Pacific Press and its predecessor companies since 1947. C. C. COOKE AN 0PP0RTUNITYTO PURCHASE RESIDENTIAL & COMMERCIAL PROPERTY IN THE S0NGHEES PROJECT, YICTORIA,BRmSH COLUMBIA The Privatization Advisory Committee (BCEC Lands) is now requesting offers for the purchase of five key development parcels at the Songhees Project in Victoria. Located on the Inner Harbour, this project is now well advanced, with four major developments underway in phase one and many services and public amenities, including a waterfront walkway, already in place. Three information packages are available: 1. SITE A -A fully serviced 4.92 acre development site zoned for neighbourhood commercial, medium density residential or combination retail residential 2. SITE C -Three fully serviced and zoned medium density residential development sites located adjacent to the South Shore and available for purchase individually: Lot C-4-1.04 acres, Lot C-5-1.07 acres, Lot C-6 -1.05 acres 3. SITE E-An unserviced parcel zoned for medium density residential development consisting of 8.42 acres net developable land and .78 acres park. A comprehensive development agreement for the land is now in place with the City of Victoria. Theprime location of this property and thesuccessof early phases combine to make these outstanding development opportunities. Parties interested in making an offer to purchase must obtain the appropriate information package. Packages are $100 each (non-refundable) in cash or cheque payable to BC Enterprise Corporation, and are now available from: Privatization Advisory Committee (BCEC Lands) 272-200 Granville St. Vancouver, B.C. V6C 1S4 Att'n: Pat McLaughlin Phone: (604) 689-8411 or Songhees Project Office 202 Harbour Road Victoria, B.C.V9A3S1 Att'n: Gordon McGlothlen Phone: (604) 383-4151 The deadline for submission of offers is 2.00p.m. PS.TJune 16, 1989. OPPORTUNITIES m?$20Zf CPESSEU MVWMniTCOtffiUnON RJJT7CM rrw irAMAi: cujotMr rut: zn rrr mc r a ii

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