Lethbridge Herald, The (Newspaper) - April 18, 1973, Lethbridge, Alberta
_ THE IETHBRIDGE HERAID April 18, IV'3 Fraud inquiry is demanded by shareholders EDMONTON (CP) A group of shareholders seeking a judi- cial inquiry into an alleged million stock swindle involving seven Alberta companies have sijjr.ed another petition asking A'lomey General M e r v Leitch lo speedily deal with the mailer. Paul Steffanson. chairman of a steering committee repre- senting 100 of the share- holders of the seven compan- ies, told a meeting of 40 shareholders that Mr. Leitch's department has refused to dis- cuss the matter will) the com- mittee. The meeting was to be at- tended by iiw shareholder from throughout the province but the snowstorm w h i c h struck Alberta during the day was blamed lor the small turn- out. Mr. Steffanson said Mr. Leitch and Harry Rose, chair- man of the Alberta securities commission, were deliberately avoiding his group because both are "grossly embarrass- ed" about the afl'air. The companies were identi- fied at the meeting as Cosmo- politan Life Assurance Co.. Pap Holdings Ltd.. Seaboard Life Assurance Co., Sioux Holdings Ltd., Balmoral De- velopments Ltd., Canamera Enterprises Ltd., and Rocky Holdings Ltd. Mr. Steffanson told his fellow shareholders that the steering committee was forced to turn lo Alberta NDP leader Grant Nc'Jey for assistance concern- ing an inquiry when requests to the government fell on deaf ears. Mr. Leitch told the legisla- ture last month that his depart- ment was investigating charges. Mr. Stcffanson showed meeting a letter uliich he ssid was sent to Mr. Leitch Feb. rj. There has bean no reply. The letter said the sharehold- ers "have been extremely frus- trated in their efforts to justice." even SUITS 365 days of the year a Tip Top "Extra-Value" Suit represents Canada's best clothing value: the most current fashion detailing tailored of fine quality, all-wool cloth. 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TIP TOP DTUX Open Thursday until 9 p.m. MPs air transport grievances By JIM POLING OTTAWA (CP) Members of Parliament head home for the Easter recess this week, but they may air some grievances about transportation before they leave. The Commons, In three days left before it takes a two- week holiday, is expected to continue consideration of a bill authorizing Canadian National Railways to spend million during 1973 and the first six months of 1974. It also provides million in loans to Air Canada for oper- ating expenses and equipment. The airline repays the money with revenue. Treasury Board President C. M. Drury, however, suggested the bill may not be brought for- ward for debate this week if parties cannot agree on a de- bale time limit. Some Conservatives have In- dicated they may have harsh words for Air Canada, mainly over complaints of poor service and insufficient routes to West- ern Canada. Canadian National has told the government it wants to make capital expenditures of million this year, and up to million in the first half of 1974. CONTENTIOUS ITEM Debate on the expenditures could revive old arguments for and against subsidization of railways. The government's proposed amendments to the Crop Insur- ance Act also may be brought forward for further debate. The amendments would allow the federal government to re- pay provinces half of what they pay toward the cost of insur- ance premiums, if Ottawa makes no contribution toward the cost of administering program. The federal govern- ment now pays half the admin- istrative cost and one-quarter the costs of premiums to seven provinces that take part in the scheme. Lower premium rates for farmers in some regions also are included. JU.S. military i i installations i to foe closed WASHINGTON tagon officials said today 224 military installations in the United States will be closed and 21.172 civilian and mili- tary jobs terminated, a reliable Senate source reported. Among those which will be closed are Hunter's Point naval yard at San Francisco and the Boston naval yard. The Pentagon officials said 274 bases will be affected in some way by the reductions. There are approximately 48" military installations in the U.S. They employ 2.3 million mem- bers of the armed forces and abouf 1.1 million civilians. Hash draw BERKELEY. Calif. (Reu- ler; Police filmed a car- nival-like raffle drawing on the University of California campus Monday. The prize was a presumably of worth about Organizers of the raffle, the Berkeley Marijuana In- tfwive. had said prevjoiS'or that il was people WTOM know what the kito was. A ksk> equals 23 For the next 10 days 'Extra-Value' is bigger than ever. Tickets sold for Si each and proceeds are to have been 53.7W. Berkeley are reported to have bought 35" A police spokesman later: are wailing to we if we won or not" A raffle organiser winner will be identified only by raffle number, and the await! will be made secretly. The raffle was to help pay fT a mari.iwwi today, when will vcrte make enforcement state mmjuant laws jwwrfty lor and whether to ban ar- rests for CTjTMratkm or sale.