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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 16, 1971, Lethbridge, Alberta Sharp advance in sold issues TORONTO (CP) Gold is- sues posted strong advances as prices on the Toronto stock market climbed higher in active mid-morning trading today. On index, industrials were up .15 10 176.05, golds 5J2 to J9j.HO and western oils 3.01 to 238.46. Base metals dropped .78 to 88.75. Volume by 11 a.m. was shares, compared with at. the same time Friday. The sharp advance in gold prices reflected President Nix- on's announcement thai Ihe U.S. would no longer support the an ounce price for gold estab- lished in 1934. Declines outnumbered ad- food vances 135 to 96, with 131 issues unchanged. Strongest sectors were processing industrial mining. oil refining and general manu- facturing. Beverage, paper and forest, merchandising and steel issues posted moderate de- clines. Bow Valley was up l i lo Inco Hi lo SM'i. Texas Gulf Sulphur I'.'i to S17V'j, Tara Vi to S147s and Asamara IVz to ?2Hi. International Utilities climbed Hi to S40Vi, Canadian Homestead '2 In Sll and Occi- dental Pete :ri to Bell dropped "j lo W.i, MacMillan Bloedel r-'i to Abitibi lo S7 and iMdnlyi'e MONTREAL. (CP) Prices were mixed in light morning trading on lire Montreal slock jlo SB'.'j, Brascano Lid. Vt lo Montreal and Canadian Stock Exchanges at 11 a.m. was 440.000 shares, compared with at the same Lime Friday. On index, the composite rose .03 to 100.01 and industries 1..15 ID 1M.2S. Utilities Icll .29 to 151.42, hanks .61 to 207.23 and papers 1.94 to 78.95. Highlighting gains, Inlerna- lional Utilities and International Nickel rose each to 'A and i.'ffii, Falconbridge ?1 to Imperial Oil Vn to and BrascanLtd. to Bell Canada dropped to Bombardier Ltd. Distill- ers-Seagrams and MacMillan Bloedel Ltd., to and S23ii, respectively. HEAVY TRADE NEW YORK (AP) Stock market prices leaped ahead today in the heaviest trading on record, after President Nixon's sweeping economic announce- ment, The Dow Jones average ol industrials at noon was up 24.31 to (180.33, a 2.83 per cent gain. Volume on the New York Stock Exchange after two hours of trading stood at 14.6 million shares. Among Canadians on the big hoard. Canadian Pacific was up 2'i to International Nickel Mi to Smi and Me Inlyrc Porcupine I lo S91. Dome Mines fell 4'.i On the American Stock Ex- change Jupiter Corp was up Miscellaneous quotations Scientists Mondoy, Aupuif 16, 797! THE IFTHBRIDGE HFRAlD 13 Vancouver, Calgary, Montreal (Supplied by Doheriy, Haadhtruse and McCuaig) LAST BID OR SALE a.m. Qiroteii WESTERN OILS 5. BO 5.05 21.25 1300 5J5 J.25 10.75 11.25 Almlnex ADA East. Gas Asamera Ashland BP Oil Gas Can Soulh Cdn Ex Gns Cdn Homesld Cdn Home Pld Cdn Ind Gas Oil Cdn Long Is Cdn Super Cen Del Rio Charier ChleHan Dome Pele Dynamic Pele Gl Piai nns Lochlel Mill Clly New Conl North Cdn Oil tJumac Permo Pelrol Pinnacle Place Gas Pander Ranger Scurry Rain Spnoncr Tolal W. Decalla MISCELLANEOUS INDUSTRIES Agra Ind 9.00 Alco Ind B.9.A Aqunlaine Bril Nfld Cdn Brew A Cdn Brew B Cdn Hydro Car Cdn Pacific Inv CPR Pfd a.m. cvoieif Hud Bay Oil Pfd 5000 Hugh Russell 19.UO Husky Oil Husky Oil B Husky oil War Inier Prov Pipe Inlcr Slcel Pipe Cdn Occidental 17.50 42.50 7.60 13.00 ule] Res Kam Kolia Lake Duldull L Onl Porl Cem 15 MGF Manage 5 BO Mentor 6.P5 Newqonex Pacific Pele Rank Org Sclk Hold Shell Can Shell Inv Pfd Shell Inv Wts Sicks Rainier Teledyne Wesl Cdn Sefrd While Yukon CALGARY 45.25 37.50 1.02 l.SS .69 .55 1.77 10.75 77 5.5Q .50 KJD 2.50 2.00 .97 5.55 35 50 52.00 15.DO J> m. Common Inlcr 13.58 Common Lev 3.56 3.91 Corp Invest 5.4n 5.90 Dreylus F 11.9B ]3, Growth Equity 7.OS Grouped In S 3.51 3.66 Invest G F 10.B6 Invesf Muf S.JO 5.79 Mut Accum 5.3B 592 Mul G F 4.97 5.'-' Nat Res. N. W. Finance N. W. Grow Principal G Royfunfl Temple Grow 27.09 29.il Untied Accimi Aid j.21 Unlvcrsnl Sav 725 VANCOUVER 7.30 7.93 Att 5 00 5.76 S.7I 4.IB J.51 5.53 5.76 Anuk 36.50 16.50 3.75 1.10 155 1.28 13.63VZ 20.00 I 99 8.30 7.10 27.00 5.62V; 30.00 35 ?5 14.75 Acroll ns Oil .Ofi Norlh Conr .03 Madison .23 WcM Warner .37 PIPE LINE STOCKS Alia G T L A Alia G T L Pld Alta Nal Gas CrJn Wesl Mai i Inland Nat G N and C Pac G Trans N and C Gaz Metro Gaz Mclro A Trans Cdi 36.37V3 Atlas Explora Balhursi Norse Belh Copper Block Bros Brenda B.C. Sugar B.C. Sugar Pfd Caplaln Infer Churchill Copper Columbia Cell Coronalion Credit Creslhrook F Croydcn Dolly Varden JTVa Dynasty 73 00 Forl Reliance 2J.oo Giant Mascot Cradle Growers B 16.00 Key Indusl .21 .'.3 1.25 16.75 3.40 6.15 ld'25 90 3.65 1.00 4.BO 23 32 7.65 575 7.7 S .25 3.55 sl Ind Cygnus A Cygnus B Cum Prop Gl Cdn Oil Gt Cdn Oil 6-75 Home A Home B Horne PilFId Hud Bay Co Hud Bay Oil Trans Cdn P Pfd Trans Cdn P A Jrsns P War Weslcoasl Tians 21.75 5.25 12.00 5.00 100.00 33.50 33.75 225 Jfl.23 Interior Brew 5.62'A Inter Mar .73 67.00 Kamfoops Cop .09', 34.75 Lornex 7.BO dl-50 Lylton Minerals 1.70 63.iO New Imp Mines .B5 Oksnagan Helicop 75 50 Plains Pele 23 ____ _. Pyramid M MUTUAL FUNDS Silver Standard 1.11 AG.F Special 2.63 Slampede Int'l Res .d2 All Cdn Com 7.96 B.70 Tt-JTnonf MS All Cdn Divid 9.01 9.85 Trojan .33 All Cdn Venl 3.57 3.90 West Mines 3.00 Ameri G F 5.6B 6.21 Weslcoasl Res .C7 Cdn Invest F J.Pfl West Explora .10 Collect M 6.19 6.79 Ulica i5 Toronto mines, industrials Supplied by Richardson Securities of Canada LAST BID OR SALE a.m. Quoieil Dome Pele market loday. Combined volume on Ihe I and Canadian Javelin to Predictions vary on dollar move By Till] CANADIAN PRESS Predictions varied Sunday on how new economic measurns an- nounced by Uniled States Presi- dent Richard Nixon will affect Canada. President Nixon, in a radio- television broadcast, announced Sunday night a Ircczc on all prices, wages and rents in the U.S. lor at least HO days. He also revoked Hie pledge to convert dollars into gold, said the U.S. will negotiate a change in currency values against the dollar and slapped a 10-per-eent tax on imports. Robert Macintosh, deputy chief general manager of the Bank Nova Scotia, {-aid Nixon is nutting a Rim In (lie head of the '-es, of the world "by saying I'm putting an import tax of ]f) per cent and I'm going (o keep this gun to your head until you fello-vs decide to value your currency in an appropriate way against ours." Mr. Macintosh, discussing Ihe announcement during a panel on Jie CEC TV program Sum- mer Weekend, said that this was a "nuclear ap- proach lo the problem and (hat the position of Canada's exports wo1-id much more difficult as far ns the U.S. was concerned. It would tend to worsen the country's balance of trade willi the U.S. and weaken the Cana- dian dollar. However, .James Norton, an economist at lirock University in St. Catharines, Out., anil an- other member of (he panel, did not. agree the surcharge would be a problem for Canada. He said that trade consists of tivc trade" between companies which cally has little to do willi price. Finance Minister Edgar Bon- son and other officials in Ot- tawa not available for comment Sunday night bill in Vancouver Arthur Lainc. 'Vd- cral public works minister, de- scribed t.he siirclwpc a "rough action" that will hit Ca- nadian trade. "It smack Mr. Laing said. "But I hope there's no re- taliation by us or anyone else." George Hoes, Conservative party spokesman on trade, said the 10 per cent surcharge will have a serious and immediate effect on all Canadian exports to 'be U.S. and also seriously affect employment in Canada. Mr. Hees said Prime Minister Trudeau, who is vacationing in Europe, should take "the first available plane meet with his cabinet, and make changes to meet the new Ameri- can policy. Gerald Hobbs, vice-president rr Mining Ltd., said in Vancouver the surcharge "could be very serious to suppliers of all commodities to (he U.S. be- cause, in effect, it prvoidcs a 10 per cent subsidy for domestic products." Bu IT. Norbcrt Boaupre. pres- ident of Domtar Lid., said the Canadian pulp and paper indus- try may stand lo benefit from I lie Ian Barclay, president of B.C. Forest Products Ltd., said U.S. suppliers of lumber and news- print cannoL satisfy domestic demand. "It would surprise me if a 5 -hargc is bci imposed on items iu which the U.S. is not he said. FT" 'LAST RESORT1 .1. Allyn Taylor, president of Canada Trust and past-pro.si- dent of (he Canadian Chamber of Commerce, said in London, OnL. r I I1 2 U.S. controls arc U.S.-Cnnada I "obviously a measure of last rc- H. said Ihe effects of the measures on Canada are "Ixiund to br severe. Paul Hcllycr, a former Lib- eral cabinet minister, said in a.m. Quotes) Acme 2 Advocale Asb. a.m. Quuies) 2.15 .55 .06 3.00 .25 16.00 d.85 1.91 21.12V: Black Bay Bralorne Brculan Belhlchem Brunswick Canada Tung. Cassiar Cenlral Pal. Conwcsl Cons.Rambler Coin Lake Cochenour Dickenson Mine Denison Mines Deer Horn D'EJdona Dome Mines Donalda Discovery Mines Malarlic East Sullivan Falconbrldge Frobox Firil Giant Y.K. Granduc HDaQway R.L. 9.03 Hollinyer 30.00 Hudson Bay M-S 22.SO Hydra Ex. .191 Iron Bay 3.05 Iso 1.45 Joliet Quebec .25'. Kerr Addlson Key Anacon Labrador Lake Shore Langis Silver Madsen R.L. Malarlic G.F. Martin McNeely Maclnfyre Mela Midrim Inlern Mogul New West Homes New Alhona New Cnlumct New Imperial Noranda Worfhgate Norlex a Opcmiska PaMno Pine Poin) Piacor Dev. P.C. Exp. Ouebec Man Rayrcck Radicre Alyom I .73 17.75 77.00 23.OQ Cen Molurs CAB Fd ol Amcr Gt Cdn .91 .15 Gl Lakps Pp Roman :orp. 1 IB .26 15.50 5.90 15.25 h .Ml4 I 5.15 5.65 Gull Oil Cda Greyhound Hawker Sid 8.90 1.55 2J.OO 1.00 1.05 3.OS 73.50 .73 .95 P. 00 3.00 .30 36.00 BOO GJ.OQ .12 Shcrrill Gordon Silver AliMer Sleep Tek Corp. Texmonl .-'5 Uppnr Canada Weslorn Mines 3.05 Wriyhl Hargreaves l.JS Wlllroy .25 Windfall .H Bear S.is Zenmac INDUSTRIALS Abilibi Alcan Algoma Steel Alco Ind Ailan Sugar Bell Tel Brazil Irac B.C. Tel B C. B.C. Sunar CAE Ind Cdn Drew Chemcell 3 Col cellulose Cal Power Coron Credil W.C.N. Gas Cdn Ifidui! Canada S S Cdn Marconi Cdn Vickcrs Chrysler CPR Cominco Cons Balh Disf Sen 1 Dom Bridge Domlar Dom Texllle Dom S lores Erie -am' Walk ric-rial Oil iperiB] Tob I Nickel pipe liw G P A Int UMHIiCb Accepf Laurenlide Kelly Doug A Loeb Loblavv 2-1.00 11.75 61.00 5.00 ED.OO 15.25 25.75 J.60 21.00 36.00 2 9-12 to 17.75 3400 7.I2V2 ie.oo B.25 5.50 W'a Welro Slores A'.assey Ferg 7.00 Moore corp 20.25 MolSons A 13.00 M.olsons B fl.l2V'j Norlh, Cent Power Corp -ii.CfQ Price Co IB. 75 RolhmanS 62 -SO SI Law Corp Shell CDA 19.00 Simpson's 15 iO Si.np Spars j fin r.lcel ol Can Selkirk A Texaco 7.00 5.00 3.60 2575 1.00 11.25 13. DO 31.00 300 Trans Ml. Pipe Traders Gp A Trans Can Pp Union Gas Unicn Oil Mfg 9.D71', Weslccl 63 75 22 75 B.50 55.50 24.35 12.50 17.50 13.00 Car Woodward's A Weston's B Zenith Elcc BANKS Can Imperial Monlreal Nova Scolia Royal Tor-Dom !3.50 34.00 17.75 17.00 15 50 4.90 7.75 10.00 15.00 36.12V? 20.25 26.50 25.50 U25 33.25 13.B7W 23.75 2375 3-J.OO 15.12V? 46.50 3.75 1100 17.25 18.00 23.50 18.00 1.75 23.00 lfi.00 24.62V2 !6.75 25.B7K New York stocks Supplied by Richardson Securities o[ Canada Amr T and T Anaconda Beth Sled Comsal Gulf Inl Harvesl Kenn Copper Montgom W Sears 0 of N.J. Teias Gulf 10.e7Vi Texas Co. 24.WV2 Corp 68.DO Woolworlh 29.SO Weslmgliouse El U S. Steel TORONTO AVERAGES 20 Indusl 176.B1 up 91 20 Golds lBfr.69 off ?.9P 117 CO 10 Base M B9.17 off ,3S 3-1.37vi 15 0 739.03 up ,63 Volume YORK AVERAGES jI.CO 30 Indust 687.-iS Up 20 Rals up 15 Ulil up 65 Slocks 300.7J up 10.71 Volume Pulp mill not be desirable may WASHINGTON (A P) Here nl a glancn is what President Nixon ?aid Knnflily niglil in liis address on eco- nomic policy: is freezing all prices, and ronUs for ai IcaM. 90 days. nncc, Ilio United Sinks lor Ihe rile fiMin'c nul huy pold at l.he Jin-DinU'c fixed in Hie insns, Hie U.S. dolhir lo find ils i1! in relation lo foreinn currencies. luijics liis ndions inilinlc, Rlobal consullnlion nnd lo reform in- (cmnliona! inonclary ments in cffeel since Ilic niid- Calgary the Nixon measures lo curb inflation in the U.S. will njl foe sufficient, iwless they arc merely a prelude lo more per- manent, measures. glance imports will be subject to a temporary .surcharge, generally 10 per cent. is recommending that, effective Sunday, Hie sevcn- ner .-enl excise tax on aulo- mobiles will be repealed so lli.it (lie average price per Anierieiin would be re- duced !iy is asking Congress (o prant industry, cffeclive Sun- clay, an ncccleraled invest- rnrnt-fax credit of per cent for one year, and a fivc-por- coiil permanent rapid tax H-rilenff afler (lie first year. plans lo cut federal spending by SI.7 billion Ibis fiscal year, and rcdren fcd- iTii! rniploynicnl by five per eenl. EDMONTON (CP) Exten- sive limber cutting which would be required lo feed a pulp prill in Ihe Hocky Moun- tain House region of west cen- tral Ai'oerta could affect rec- regional use of Ihe nre.l, Land and Foresls Minister .1. Dono- van Hoss said. Dr. ftoss said in a prepared statement the government may not open a pulp mill in Ihe region ht'l miglit expand (he sawlog industry now operating (.here. "Tli ere is a significant volume of tuiTicr thai should be utilized each year lo pre- vent. serious fire haz- ards and damage from injur- ious insects and he said extensive limber culling Inat would be required and the en- vironmental problems that might be present with a pulp mill development could ad- versely affect the high recrea- tional values of Uic area." Strict forestry management i would ensure mature limber could be removed, improving the condition of the forest and providing great areas of desir- able tame habitat Dr. Doss said Ihe pulp mill proposal is being studied and government u'iJl make a decis'on next voar. prices EDMONTON (CP) _ Aver- IRO prices to 11 a.m. tod.iy "It is Ilic governments pres-1 ent opinion, however, Ihat Ihe provided by Hie Alberla Hog Piwlncors Board. Edmonton: 22.So. Average II.p Friday 2.1.611. Hed Dcrr. Avcivipe Friday Calgary: 22.00. Average Fri-1 Ijdlibriclsc: No sales. Ai-cr- TOKONTO (CT) Tbomson Newspapers rcporls an in- erease in firsl-half net [n-ofils lo before exlraordinary income of from in Hie corresponditig period of Profit per common .share, be- fore cxdYiorrtinnry income of nflcr provision for dividends on the GVi-pcr-ccnl preferred -I7.7 ccnl.s for the first half, up from cinls in Ihe correspondiiig lasl-vear period. sales for the period were up from age Friday 23.11. Uoydminslcr: No sales. Av- erage 1'n'day Tolal hogs .sold 1.503. Aver- age 23.Gfi. .Sows average OXI.Y ONCK, Only once years ago has Australia's Lnke F.yre been Hayes made her first slage appparnncr at ngc five in Washington, n.C. take over coral island LONDON (AP) British scientists arc taking over an Indian ocean atoll which has been undisturbed by humans since the beginning of time. They want to study the is- land's relation- ships between plants, animals and their environment. The liny coral reef, Aldabra, is one of the few places left in the world where man has not stepped bi to change nature. The 311-year old Royal Soci- ety o[ London, for the Ad- vancement of Science once headed by Sir Isaac Newton, has leased the atoll until 1985, with an option to renew for another 20 years. Aldabra is 200 miles north of Madagas- car. The society is setting up a research station there staffed by two resident scientists, a maintenance engineer and an administrative officer. The staff will be headed by Dr. David Wood, 31, formerly of the Royal Botanic Gardens in Edinburgh, Scotland. Aldabra is one of the only places where giant tortoises can be found in their natural state. It has the largest breed- ing colony of frigate birds in the western Indian Ocean and will be invaluable for geologi- cal studies. price review 10-year-old girl has baby BUENOS AIRES (Roller) A 10-year-old girl gave birth to a seven-pound boy in hospital at Pilar 25 miles north of Buenos Aires Satur- day, hospital officials said Sunday. The girl, named only as Mirta, and her baby are both well after a one-hour Caesarian operation. Youngest mother on record was a five-year-old at Lima, Peru, in 1939. WINNIPEG (CP) Buyers were reluctant at mid-session on the Winnipeg Grain Ex- change today following United States President Nixon's an- nouncement of a lO-pcr-cent import surcharge. The market was in a con- fuesd state as most commodi- ties posted sharp gains in the first hour then worked lower following the open of the Chi- cago markets. Friday's volume of trade was bushels of flax, of rapeseed and of rye. Mid-sessions prices: Flax: Oct. lower 2.4HSA; Nov. lower Dec. 'Ji higher 71 A; July not open. 2.54A. Rapcseod Vancouver- Sep. 4Vi higher 3.11A; Nov. 3% high- er 2.98SB. Jan. 3 higher 2.92MA' March 3 higher June 2.83B. Rapeseed Thunder E a y: Oct. 2 higher Dec. VI lower May Hi higher 2.823i; July 2.75B. Oats: Oct. higher 69V4B; Dec. unchanged 69V4A; May Vi higher 7] A' lily not open. Barley: Oct. Vi higher 1.09V4A, Dec., May and July not open. Rye: Oct. 'j lower I.OOTnA; Dec. ]i lower 99'.4A; May V4 lower l.OJViA; July not open. Flax OCt High 239'A Low ZMVt Close 240% 252 Dec May Jly Rapcseed Vancouver Sep 31 Hi 306 Nor 293% Jan 288% MO Mar 286% Z83'.i 285 Jun 283 Rapnseed Thunder Bay Oct Dec 274 Vz May 282% Jly Oats Oct Dec May Jly Barley 69'i 2BHi 273'i 69 Oct Dec May Rye Oct Dec May Jly 10914 109'i 101 101 98 28Hi 27-1 'i 280 275 69 B9V'z 71 72 109'i 1083a 93'i 101 101 Livestock report Lethbridge Livestock AFTERNOON SALE Lethbridge Livestock CALGARY (CP) Light re- cepls to 11 a.m. at the Calgary public stockyards of 275 head, practically all mixed grades and classes of slaughter cattle. Trading was active. Slaughlcr sleers and heifers sold steady with last week's closed conditions considered. Cows were mostly medium and canner kinds with all grades selling steady. Choice steers 31.75 lo 32.20, good 30.50 to 31.50, medium 28.75 to 30 24. Choice heifers 27.75 lo 28.50, good 25.7.1 lo 27.75, medium 25.50 to 26.50. Good cows 22 to 23, medium 21 to 22, canners and cutlers 18.50 to 20.50. There were insufficienl re- placement cattle or calves on offer to establish quotations. Hogs average base price 22.60. Sales up SASKATOON (CP) Retail sales in Saskatchewan last month were up J5.7D per cent over July 1970, the Provincial Retail Merchants Association announced in a monthly report. July sales were estimated at compared with in the same month last year. The seven-month total show- ed a gain of 7.8 per cent. Sales stood at at the end of July compared with for the first seven months of 1770. U.S. sugar beets crop looks good EAST GRAND FORKS. Mim. P} Sugar beets are ahead of seasonal growth averages and crops look good with Uia harvest Jess than a month away. Richard Krabbenhoft manager of the American Crystal Sugar Co. plant here, said the har- is scheduled to begin Sept. 0. "It all depends on the weath- er from now on as to quality, but we do expect a good yield in tonnage per he said. "We expect production to be better than last year, when we sliced tons ol beets and had an average yield of 11 tons per acre." Krabbenhoft said is equal weather conditions prevail all four company plants in the Red River Valley will open as schedued Kept. 13. By Gene Fawcelta DRAINING FROM CARS, OR TRUCKS HAS BEEN A A1ESSY JOB SINCE THE VERT FIRST ENSlrVE. NOvX AN IN- VENTOR TiRED Or HAVING TO PUT Hi5 VEHICLE ON A LIFT CR TC CRAWL (JMDER WAS DEVISED A SAWL ELECTRIC PUMP TO BE PERMANENTLY ATTAINED TO THE CR4IW HOLE... THE ALBERTA GAS TRUNK LINE COMPANY LIMITED NOTICE To the Holders of 7Vz% Convertible Sinking Fund Debentures, Series 1 of The Alberta Gas Trunk Line Company Limited NOTICE is hereby given to the holders of Convertible Sinking Fund Debentures, Series 1 1 of The Alberta Gas Trunk Line Company Limited (the that, sub- ject to market and other conditions, the Company intends to issue to holders of its outstanding Class "A" common shares, purchase warrants evidencing rights to purchase from the Company Class "A" common shares with no voting rights attached and ranking equally with such outstanding Class "A" common shares. The record date for determining shareholders en- titled to purchase Class "A" common shares is Thursday. September 9, 1971 and it is anticipated that the Rights will expire on or about October 8, 1971. The price at which Class "A" common shares may be purchased and other terms relating to the issue will depend upon market con- ditions at the time of offering. A holder of Series 1 Debentures is entitled to con- vert such Series 1 Debentures jnto fully paid and non-assessable Class "A" common shares on a con- version basis of 25 Class "A" common shares for each principal amount of Series 1 Debentures so converted all in accordance with the terms and conditions of the Series 1 Debentures. For details of the manner of conversion reference should be made to the trust indenture relating to the Series 1 Debentures .and to the summary of such terms and conditions set forth in the certificates for the Series 1 Debentures. A holder who converts such Series 1 Debentures and is a holder of record of Class "A" common shares resulting from such conversion at the close of business on September 9, 1971 will be entitled to Purchase Warrants with respect to such Class "A" common shares. This notice does not constitute an offering of Class "A" common shares and the L reserves the right, in its discretion, to postpone, or to refrain from making, any offering. It is anticipated that particulars of the Purchase Warrants and the Rights and the price at which Clays "A" common shares may be purchased will be available on or about Thursday, September 2, 1971. As the- Record Date is September 9, 1971, it is sug- gested that you contact your investment dealer or financial advisor prior to the Record Date. The Alberta Gas Trunk Line Company Limited By: J. Ballachey Vice-President and Secretary August 16. 1971 Shareholders Outside Canada Purchase Warrants will not be forwarded to any holder of Class "A" common shares whose recorded address is outside Canada, but it is proposed that National Trust Company, Limited in Toronto, Canada, will hold such Purchase Wor- r.int.s for exercise fexcept Jn tho case nf residents of the United States of America) or transfer upon the instructions of such shareholder. The Class "A" common slinrcs will not be offered lor sale in the United States of America or in nnv of the territories or possessions nnd subscript ions will not be accepted from any person nr his npcnt who nppcnrs lo be, or the Com- pany has reason to believe is, a resident of thn United Stales of America or nny nf the territories or possessions thcvcoi'. It is nnlicipntcd that such shareholders jnny be able to sell then1 Itighls jn Cnnndn. THE ALBERTA GAS TRUNK LINE COMPANY LIMITED NOTICE To the Holders of Cumulative Redeemable Convertible Preferred Shares Series D of The Alberta Gas Trunk Line Company Limited NOTICE is hereby given to the holders of 53% Cumulative Redeemable Convertible Preferred Shares Series D. Shares Series of The Alberta Gas Trunk Line Company Limited (the that, subject to market and other con- ditions, the Company intends to issue to holders of its outstanding Class "A" common shares, purchase warrants evidencing rights to purchase from the Company Class "A" common shares with no voting rights.attached and ranking equally with such outstanding Class "A" common shares. The record date for determining shareholders entitled to purchase Class "A" common shares is Thursday, September 9, 1971 and it is antici- pated that the Rights will expire on or about October 8, 1971. The price at which Class "A" common shares- may be purchased and other terms relating to the issue will depend upon market conditions at the time of offering. A holder of Preferred Shares Series D is entitled to convert such Preferred Shares Series D into fully paid and non-assessable Class "A" common shares on a conversion basis of 2.80 Class "A" common shares for each Preferred Share Series D so con- verted all in accordance with the rights, restrictions, conditions and limitations attached to the Preferred Shares Scries D to which reference should be made as to the manner of conversion. A holder who con- verts such Preferred Shares Series D and is a holder of record of Class "A" common shares resulting from euch conversion at the close of business on Septem- ber 9, 1.971 will be entitled to Purchase Warrants with respect to such Class "A" common shares. This notice does not constitute an offering of Class "A" common shares and the Company reserves the right, in its discretion, to postpone, or to refrain from making, any offering. It is anticipated that particulars of the Purchase Warrants and the- lights and Ihe price at which Class "A" common shares may be purchased will be available on or about Thursday. September 2, 1971. As the Record Dale is September 9, 1971, it is sug- gested that you contact your investment dealer or financial advisor prior to the Record Date. The Alberta Gas Trunk Line Company Limited By: J. M. Ballachey' Vicc-Prcsidcnt and Secretary August 16, 1971 Shareholders Outside Canada Purchase Warrants will not be forwarded to any holder of Class "A" common shares whose recorded address is outside Canada, hut it is proposed that National Trust Company, Limjted in Toronto, Can- ndn, will hold such Purchase Warrants .for oxercipo (except in the nf resi- dents of tho United Stales of America) or transfer upon tho instructions of such .shareholder. Tho Class "A" common shares will not be offered for in tho United States of America or in nny of tho territories or possessions Ihorrnf', .nnri subsmplions will iint be accepted from nny person or his ngonl who appears 1o be, or tho Company has rensnn to believe a resident of the United States of America or nny of tho lorrilork's or possessions thereof. It is anticipated thai such share-holders may bo flblu to sell their Rights in Canada. ;