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Lethbridge Herald, The (Newspaper) - April 18, 1974, Lethbridge, Alberta Engineer claims Sun siphoning off healthy oil sands profit By KEN ROBERTS Herald SUM Writer Great Canadian Oil Sands didn't lose as much money as it claimed in 1972 and more than meets the eye is being manufactured at its Fort McMurray plant, according to a Calgary petroleum engineer. "During 1972 this company was supposed to have a loss of Joseph Yanchula told the Alberta Assessors' Association Wednesday at the Holiday Inn But, he said, it could have had a profit as high as million for that year "Examination of the 1972 annual report shows an income of and an operating cost of which leaves an operating profit of he said. "The loss is manufactured by- deducting allowances totalling for amortization, interest and depreciation. Corporate accounting is an art invented to demonstrate how it is possible to lose money and grow rich. "There is a growing suspicion that GCOS profits are actually far greater and that they are being deliberately transferred to Sun Oil Co., the parent corporation, by underpncing the synthetic crude "GCOS claims to produce three liquids which are blended together before being shipped to Edmonton. are naphtha, which can be upgraded to gasoline; kerosene, from jet fuel can be manufactured, and gasoil, which can be used as heating fuel or mixed with kerosene for use as fuel in diesel Mr. YanchuU said. "Independent technical experts would have placed the value of such a mixture to be worth to per barrel before the October 1973 Arab- Israeli conflict. "This is substantially more thari the per barrel plant price or the per barrel Edmonton price revealed by Dr. G. W. Govier (chairman of the Alberta Energy Resources Conservation Board) in a paper presented around that Mr. Yanchula said. "There is some doubt as to what liquids are being produced at the GCOS plant. One reliable source reports seeing orders for heating oil, jet fuel and gasoil from the GCOS plant. "This would imply considerably more upgrading at the plant than claimed by GCOS and that the products are batched (refined) before being put into the pipeline. "The average value could hafe been substantially in excess of per he said.. "Underpficing of per barrel in 1972 would have meant a transfer of million in profits from GCOS to Sun and the avoidance of a substantial royalty payment to the Alberta government "The total GCOS profit in 1972 might have been close to million instead of he said He said when the Energy Resources Conservation Board or the minister of mines and minerals are questioned as to the true value of synthetic crude, the board may or may not give you a "composite" figure while the minister will give you "the biggest run around in the world Mr. Yanchula said there are many "other games being played in the oil sands which are too numerous to go into detail. The fantastic 50 per cent profit deal with Syncrude which Premier Lougheed described in September, 1973 on TV turns out to be approximately equal to 10 4 per cent royalty, compared with 14.5 per cent that GCOS will be paying on a barrel per day throughout. Postal workers, firefighters disrupt service By THE CANADIAN PRESS Walkouts by postal workers and airport firemen in disputes over wages and working conditions are two of numerous strikes disrupting or threatening to disrupt vital services in Canada today The federal ministry of transport has .banned commercial flights by all planes weighing more than which has disrupted air traffic at Halifax, Fredencton, To- ronto, Winnipeg, Montreal, Edmonton, and 10 centres in British Columbia where firefighters have walked off the job to support demands for wage parity with municipal firefighters Mail handling has been stalled, either partly or com- pletely, in Montreal, Toronto, Winnipeg, Edmonton, a host of small centres around Van- couver, as well as in parts of Ontario as postal workers pro- test against working conditions The dispute began last week when a number of Montreal postal workers were suspended when they appeared for work wearing shirts urging people not to use the new postal code key part of the multi-milhon- dollar post office automation plan Post office employees walked out in protest of the suspension of the Montreal workers, but since then the dispute has changed into a fight against automation in general Oft top of this, the air traffic controllers in Canada have voted to strike unless a wage settlement is reached between the union and the treasury board which will irirtually bring a halt to all :ommercial air traffic in Canada, with only emergency services being provided Transport Minister Jean Marchand said Wednesday the government will close all the najor airports in Canada if the controllers strike, but said 1e thought there was a good :hance that an agreement on a new contract can be reached And striking river pilots have curtailed shipping services between Montreal and Quebec City on the St. Lawrence River The pilots are seeking a 15-percent wage increase to parity with West Coast workers Spokesmen for the pilots are The LetHbrtdge Herald VOL. LXVII 106 LETHBRIDGE, ALBERTA, THURSDAY, APRIL 18, 1974 10 Cents 28 Pages not optimistic about a possible early return to work because the pilot's group and the Crown corporation employer, the Laurentian Pilotage Authority are hardening into a "stand-off." Quebec City has been without municipal bus service for more than a month because 443 transport workers are on strike In southwestern Ontario, Union Gas, Ltd employees are in their third month of a strike while the company struggles to maintain services. In Edmonton, John Pastor, president cf the Canadian Union of Postal Workers local, said Wednesday night a membership meeting nas been scheduled for 10 a m today The meeting will discuss the general strike situation and decide on a further course of action for the local's 650 menv bers, he said Pickets were being honored by the 500-member Edmonton local of the Letter Carriers Union of Canada Meanwhile, a Calgary postal union official accused Postmaster-General Ouellet of making "a naked assault on the entire postal union Alex Clarke, president of the Calgary local of the Canadian Union of Postal Workers said in an interview Wednesday that Mr Ouellet tried "to isolate and crush the Montreal local Buy beef EDMONTON (CP) Despite angry protests from some meat retailers, Alberta's agriculture minister isn't backing down from statements urging consumers to buy sides of beef before the price increase Dr Hugh Homer told the legislature Wednesday there are enough provincially- mspected abattoirs to handle the demand for beef even if some retailers say they can't Some retailers have accused Dr Homer of encouraging panic buying through his statements. They say they haven't been able to fill all their orders and some have stopped taking orders for sides of beef F-i I f RICK ERVIN photo r resn-ivater sailor "Anchois away" calls Steve Kuijt at Henderson Lake. The 12-year-old Spa Scout sailed his model yacht Wednesday during a troop outing. Steve is leader of the Bluenose patrol, 8th Lethbridge Sea Scouts. CBC hopes to provide French, English TV networks in city By JIM GRANT Herald Staff Writer Two more television channels and a radio rebroadcaster are being planned for operation in Lethbndge within the next five years, The Herald has learned One of the television channels and the radio rebroadcaster will provide CBC French network service for Southern Alberta and the other television channel will be a rebroadcaster of the proposed CBC owned English station for Calgary. The CBC will be applying to the Canadian Radio Television Commission (CRTC) later this year for permission to establish the Calgary TV station within the next year, a CBC Ottawa spokesman told The Herald in a telephone interview Wednesday The CBC English television rebroadcaster in Lethbridge is being proposed for operation within a year after the Calgary station becomes operative, the spokesman said The CBC radio and television transmitters proposed for Lethbndge are included in its five year accelerated coverage plan that will see the establishment of about 600 English and French radio and television rebroadcast transmitters in more than 300 communities The first two years of the five year plan (1974-1978) will be used to obtain licences from the CRTC and set up equipment, while the last three years will be used to put the rebroadcasters in service, the CBC spokesman said By establishing a CBC owned television station in Calgary and a rebroadcaster of the same station in Lethbridge, the CBC would be dropping its affiliation with CFAC TV in Calgary and CJOC-TV in Lethbridge. Neither station appears too concerned about losing affiliation with the CBC network and both stations indicated they will not oppose the CBC application for a CBC owned TV station in Calgary and the rebroadcaster in Lethbridge Bob Johnson, CJOC-TV production manager, said his station has no official plans if and when it loses its affiliation with the CBC network It has not received any indications from the CBC about Lethbridge plans "We certainly wouldn't have any intentions of closing the doors" and it is likely ''we too would go he said today Noel Wagner, CFAC operations manager, said Wednesday his station supports the proposal for a CBC owned Calgary station and is looking forward to operating as an independent station "We're just waiting for the CBC to tell us when they intend to apply for the Calgary licence" because everything in reference to its disaffihation with CFAC has been unofficial to date, he said in a telephone interview from Calgary. Mr. Wagner doesn't believe it is necessary for a television station to belong to a network CFAC could purchase programs from other independent stations and produce its own programming to meet the 60 per cent overall Canadian content requirements for television stations in Canada, he suggested Hamilton and Montreal now have independent television stations, an Edmonton firm has recently received permission to establish an independent station in that city, and a Winnipeg firm is in the process of applying for a broadcast licence Providing national news to its viewers will be the major difficulty for independent stations, Mr. Wagner said. One solution to the problem could be created if the news sources of independent stations contributed to "one common pool" for national news. GOLD BAR THEFT NETS OTTAWA (CP) A smooth- working thief or thieves, apparently well briefed on Air Canada practices, stole five bars of gold worth about from a cargo terminal of the airline early today The 339 64 pounds of unrefined gold were shipped to the Royal Canadian Mint from the Red Kaje Gold Mines in northern Manitoba, an air Canada spokesman said The Air Canada spokesman said shortly after a car drove up to the front door of the terminal and a man walked to the door The security guard, David Braham, went to tell the man that the terminal was closed. The man, dressed in white coveralls and a parka similar to what cargo workers a gun through the glass of the door and told the guard to open up. The guard was ordered to take the man to the lockup where the gold, which had arrived from Winnipeg Wednesday afternoon, was stored Ottawa demands action Branch line remedy 6vitaP By RICK SW1HART Herald Staff Writer WINNIPEG The federal government will devise its own remedy for uneconomic rail branch lines unless the grain industry comes up with its own solutions by fall Esmond Jarvis, of Ottawa, assistant federal deputy minister of agriculture, told the Canada Grams Council here today that unless the special grain transportation and handling committee of the grains council can recommend a national transportaion policy, government will have to do it. A freeze on branch-line abandonment is scheduled to end Jan. 1, 1975. After that date, rail companies can abandon uneconomic branch lines when approved by the Cahadam Transport Commission The freeze was applied by government to get a.national transportation policy needed to maximize transportation efficiency for all commodities In 1971, when Otto Lang was appointed head of the Canadian Wheat Board, he organized the Canada Grains Group to revamp the grain handling and transportation system. The grains group had undertaken a series of transportation studies which were then turned over to the grams council committee. To date, the committee hasn't come up with any recommendations Mr Jarvis said it is essential that the present transportation system be changed In order to make the best policy decisions, the federal government has demanded guidance from the committee Without this guidance the national transportation policy will originate directly from the federal government Donald Dever, secretary manager of the council told The Herald Wednesday there definitely will be an announcement from the committee before Jan. 1. He said studies on branch line abandonment should be completed in about a month A hint of the problem and solution was issued by Dr. Dever "There is no way all the branch lines will be he said. "Producers, railways, and elevator companies must build a system to move grain and this includes abandonment of branch lines as well as construction of new lines. It's not a case of strict rationalization of branch lines and country elevator? Mr Jarvis said although branch line abandonment isn't the key issue, it has a great effect on both railway and elevator companies. The rail system must be thoroughly planned to maximize benefits of massive expenditures needed to upgrade the transportation system, he said Simon may succeed Schultz By PAUL WflFTELAW Herald Washington Bureau WASHINGTON President Nixon Wednesday nominated Simon to succeed George Schultz as U S Treas- ury secretary But, the White House made it clear that Mr Simon, who gained international attention as the Nixon's admin- istration's "energy will not exercise the power and influence of his predecessor In making the an- nouncement in routine fashion, Deputy Press Secretary Gerald Warren said President Nixon "intends to play an increasing, expanded role in formulation of economic policy and will assume chairmanship of the Council on Economic Policy He indicated that many extra, official tasks carried out by Shultz as the administration's chief economic spokesman would not be passed on to Mr Simon. However, the spokesman noted that Mr Simon will head the so-called "economic troika This includes the treasury, the Council of Economic Advisers and the Office of Management and the Budget He will also head the which includes the three plus the chairman of the federal reserve board Succeeding Mr. Simon as head of the Federal Energy Office will be his deputy, John Sawhill. The White House said one of Mr Sawhill's principal responsibilities in the coming months will be co-ordination of Project Independence, a program aimed at achieving U S self-sufficiency in energy by the 1980s Ruling delights Dickie Herald Legislature Bureau EDMONTON An arbitration award which will nearly triple the price of some Alberta natural gas to Ontario by 1975 has set an important precedent, says Bill Dickie, Alberta minister of mines and minerals. "It is encouraging that the arbitration award supports the government's efforts to increase the price of natural gas leaving the Mr Dickie told the legislature Outside the house, he was less restrained "It was a great decision It was one of the major decisions of our administration I was just delighted it maae our whole weekend The three-man board ordered Trans Canada Pipe Lines Ltd to increase the price of natural gas leaving the province to 60 cents per million cubic feet from an average price now of 26 cents per met The price will jump to 73 cents in November, 1975 Most of the gas shipments affected go to Ontario Mr. Dickie said the price increase would have "no material effect" on Alberta consumers He would not estimate how much the increase would mean to government royalty coffers But he told- the legislature "it is anticipated that revenues accrueing from the increase in natural gas prices plus our revised drilling incentive program will encourage increased drilling activity in the foothills region of Alberta which has been restricted Meanwhile, in Ottawa, Energy Minister Donald Macdonald said Wednesday the federal government wants Alberta to reconsider a major increase in the field price of natural gas Ottawa believes the price should be subject to consultation and hopes for a favorable response from the province, he told the Commons Inside Seen and heard About town Dog lover Judy going to the doctor to have her ear stitched after her playful puppy JJ nipped it Barb Boulton receiving an anonymous note to call a friend who didn't want to talk to her 'If you're so keen on basket- ball, how come you never Classified 24-27 Comics 22 Comment District 17 Family Local News Markets 23 Sports Theatres .....7 TV 6 Weather 3 Youth 8 LOW TONIGHT 35; HIGH FRI., ;