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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 21, 1974, Lethbridge, Alberta Dow to appeal ethylene decision Wednttday, August 21, 1974 THE LETHBRIDQE HERALD 33 Toronto Stock Exchange July 1974 189- 185- s ustrials Troubled Bricklin car venture 'not threatened OTTAWA (CP) Dow Chemical Canada Ltd. is appealing a Federal Court decision that prevents the National Energy Board from ruling on an ethylene export application on the basis of hearings last June. A spokesman for the Federal Court said Tuesday that the notice of appeal was filed Monday. However, a date for a hearing will not be set until the company applies for it The energy board said Friday it will only proceed with the Dow application on the basis of full public hearings. It would not consider granting permission through a board order without hearings In its decision last week, the Federal Court said the June hearings did not conform to the Energy Board Act. However, public hearings were not ordered because of a change in board regulations that give it the right to grant permission for exports through orders without a hearing The government of Manitoba and six other parties brought the case before the court after the energy board ruled in June that only Dow witnesses could give oral testimony at its hearings. Other interested parties could only submit written briefs and would not have the right to call or question witnesses. Dow is seeking permission to export 10 billion pounds of ethylene to its United States parent company between 1977 and 1987. The ethylene, used as raw material in the petrochemical industry, would be produced at a plant Dow plans to build in Fort Saskatchewan, Alta. GIVEN EQUAL RIGHTS Mr. Justice Alex Cattanach said in his decision last week that a board hearing is similar to a trial and both parties must be granted equal rights to give evidence. However, Dow challenges that assessment in the appeal, saying the hearing is not similar to a trial and there is no requirement for a full hearing. The appeal also says the parties involved in the Dow hearings had the right to call evidence during earlier hearings on a related application from Dome Petroleum Ltd. Dome was granted board permission to export ethane, a derivative of natural gas, and to build a pipeline from Alberta to Ontario to carry the product to market. The pipeline is also designed to transport ethylene for Dow. Dow says in the appeal that the board is an administrative body that has the right to de- cide what information it needs to make a ruling as well as "the mode of acquiring such information." The notice to appeal outlines 18 points on which it says Mr. Justice Cattanach "erred in law." Signature CALGARY (CP) Workers at Domtar Packaging Ltd. have signed a one-year contract, ending a 69-day strike at the Calgary paper plant. Eric Dalhi, spokesman for Local 1116 of the United Paperworkers International Union, said Monday that the settlement was reached last Friday -520 X- -500 sill Climbing WHERE SMART WOMEN SHOP FASHION ACTION SPORTSWEAR 20% 0 OFF SHIRTS, PANTS, SKIRTS, SWEATERS Great for back to school. Back to work. Back to whatever. All indexes on the Toronto Stock Exchange were up over the past month. Industrials were up 1.49 from 183.39 June 28 to July 31 level of 184.88 while gold rose 108.30 from 419.81 to 528.11. Base metals were up 3.47 from 78.96 to 82.43 while Western Oils jumped 4.49 from 178.60 to 183.09. Interest impact severe VANCOUVER (CP) Laurentide Financial Corporation Ltd. reports earnings of million or 35.7 cents a share for six months ended June 30th. This compares with million or 58.7 cents a share for the same period last year. K. C. Armstrong, the company's president, said the impact of short-term interest rates was severe. Mr. Armstrong said the company's average cost of short-term funds was 10.04 per cent for the first six months of 1974, compared with 6.61 for the same period last year. This rise represented an increased cost of 7 million. By MARK PEDERSEN SAINT JOHN, N.B. (CP) Malcolm Bricklin said this week that the Bricklin Canada Ltd. car assembly plant still was encountering problems but added the government-supported ven- ture was not threatened. Mr. Bricklin held a news conference in the wake of the resignation of two Bricklin Canada Ltd. senior executives and reports that a scarcity of some parts was slowing production of the Bricklin sports car. He said the resignations of Bricklin Canada plant man- agers at Saint John and Minto, N.B., where the cars acrylic body is manufactured, were simply "ordinary resignations" and the scarcity of parts soon should be cleared up. "I find it incomprehensible that everytime this company sneezes, the press thinks it's important." But he said later he did un- derstand the general interest in the Bricklin in light of the public money tied to the venture. New Brunswick has guaran- teed loans of million and in- vested an additional in return for 51 per cent ownership of Bricklin Canada while Ottawa has guaranteed loans amounting to million While Bricklin Canada will manufacture the car, the parent corporation is General Vehicle Inc. of Phoenix, Ariz. Mr. Bricklin is president of General Vehicle. The gull-winged, two- passenger Bricklin will be sold only in the eastern United States initially, but the company hopes eventually to reach units a year At least one assembly plant is planned for the U S COLLEGE MALL CAFETERIA Featuring... Special Steak Sandwich 2.95 Freshly Baked Fruit Pies Licensed Try Our Breakfast Menu from 8 to 11 Daily Coffee Still COLLEGE MALL CAFETERIA HEALTH FOOD CENTRE "The Home of Natural Health Remedies" VITAMINS-MINERALS HERBS GRAINS FOOD COSMETICS We also have Magic Flour Mills Bosh Bread Mixer HEALTH FOOD CENTRE Collage Mall and Centre Village Mall BACK-TO-SCHOOL with a new HAIR STYLE from House of Beauty Phone 328-4141 JEWELLERY ACCESSORIES All you need for beautiful hair plus the new UNIPERM Specializing in Gifts Diamonds Repairs Phone 328-9736 College Mall wneyo mail U, MONEY You do better with experienced money from CANADIAN ACCEPTANCE Easy-on-you terms and installment purchase plans for AUTOMOBILES AUTO REPAIRS APPLIANCES BOATS AND MOTORS RECREATIONAL VEHICLES MOBILE HOMES VACATION HOMES PROPERTY IMPROVEMENTS RESIDENTIAL SECOND MORTGAGES COLLEGE MALL LETHBRIDQE PHONE 328-2381 Buy One Suit, Sport Jacket or Dress Slack, from our 2 for 1 rack, get one up to equal value FREE. If you don't need 2, bring a friend, if you don't have a friend, bring a relative. ENSO'S Barber-Style Centre MORE THAN 320 STORES COAST TO COAST TO SERVE YOU BETTER ALTERATIONS EXTRA! Inside the Mall across from L-Mart HAIRCUTS HAIRSTYLING SHAMPOOING BLOW WAVING CONDITIONING REDKEN PRODUCTS Come m and let Enso or Tony give you that extra special look for ;