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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 3, 1971, Lethbridge, Alberta 1, 1WI THI UTHWUOCt HMAIB 23 I Livestock Miscellaneous quotations Urge government action Wnnrnnuor Calncirv. Montreal _--_- Gold., western oil stocks index up TORONTO (CP) The To- ronto stock market was nuxed to fractionally lower in light Kid-morning trading today. On index, industrials dropped 29 177.83 and base metals .03 to 93.28. Golds climbed 4.54 to 173.13 and western oils .91 to 20396. Volume by 11 a.m. was shares, down from at the same time Tuesday. Gains edged losses 112 to lOo with 190 issues unchanged. Huron and Erie fell Vt to Bank Organization to Canadian Imperial Bank Vi to Stelco Vt to inco Vt to Home A Vt to CPR to Sherritt Vt to and Fire Point Vt to Vi Shell Canada rose to Northern and Central Gas to Bank of Montreal Vt to Kerr-Addison VB to Canadian Homestead 15 cents to and Ranger UTILITIES UP MONTREAL (CP) All sec- tors except utilities moved lower in light early trading today on the Montreal stock market. The composite index was off .17 to 175.15. Combined volume on the Montreal and Canadian Stock Exchanges was shares at 11 a.m compared with at the same time Tues- day. Dome Petroleum jumped to Budd Automotive was up to on volume of shares Border Chemical te to Shell Canada to and Cement Lafarge to Placer fell CPR to to and i Ak VB On index, industrials were oil Grain prices Winnipeg Grain WINNIPEG (CP) There was continued heavy trade in rapeseed at midsession on the Winnipeg Grain Exchange to- day but prices were on a scaled-down pattern. Rapeseed was under heavy commission house and elevator hedge pressure. Other commo- dities had light trade and were factionally easier. Tuesday's volume of trade in- cluded bushels of flax, of rapeseed and of rye. Mid-session prices Flax: May lower 2.5374, July lower Oct. lower 2.54B. Rapeseed Vancouver: March 1% lower May 2 lower July IVt lower Rapeseed Thunder Bay: April unch June 2 lower 21 to 180.32, banks .51 to 176.20 and papsrs .52 to 93.51. Utilities climbed .13 to 152.17. LITTLE CHANGE NEW YORK (AP) The stock market drifted without ap- parent direction today, with prices little changed for the ses- sion in continued heavy trading. At noon, the Dow Jones aver- age of 30 industrial stocks on the New York Stock Exchange was off 0.69 at 873.90. Among Canadian issues on the NYSE Mclntyre Porcupine fell 3 points to .Walker-Gooder- ham to International Nickel to and Canadian Pacific Vt at Distillers Seagrams was up m at and Dome Mines IVt at On the Amex, Preston fell Vt to Scurry Rainbow Oil and Brascan Ltd. were down at and respectively. Jupi- ter Corp. was up Vs at SlOVi and Canadian Javelin up W at Connolly out of pocket WASHINGTON (AP) The Senate finance committee Tues- day approved 11 to 0 the nomi' nation of John B. Connally to be United States treasury secre- tary after testimony from Con- nally denying he wrongfully ac- cepted private fees while gover- nor of Texas. Connally added that he gave up to in legal fees hi order to become navy secretary in 1961. The former governor denied in an open hearing that he had violated the Texas constitution by taking from a foun- dation as legal fees for .execut- ing the estate of a wealthy oil- May V4 lower 2.92A. July Vs lower Oct. not open. Barley: May lower l.MVaA July not ope.n, Oct. Vs lower Rye: May Vt higher July, Oct. not open. Prices for class two wheat for export Tuesday to countries outside IGA: 1 Nor. 2 3 4 1.69; 1 Durum 2 3 4 l.WVi; IGA prices: 1 Nor. 1.81 2 3 4 1.69; 1 Durum 1.79VS; 2 3 1.67 4 1.63V4. Grain quotes Tuesday (basis High tow Close Flax May 254% 253% 254 Jly 252% 251% 252 Oct 254% 254% 254% Rapesced Vancouver Mar 309% 305% 309V2 May 291% 288% 290% Jly 282 281 281 man friend. He asked for the open hearing so he could reply to a New York Times story of Monday which publicized money he got.from the Sid Richardson Foundation. He said he not only had not violated any Texas laws by ac- cepting fees for settling the Richardson estate weE before he became governor, but'he gave up between and that he said would have been due him as executor in order to clear his financial matters at the time of becoming navy secretary. "I don't regret it but I don't think I ought to be pilloried for Connally told the finance committee. TOOK LESSER AMOUNT Connally said he was due, as co-executor of the estate, a total of million but he set a sum for himself of instead, because of the press of time be- fore he was sworn in as navy secretary. He said the fee which he accepted as one of three co- executors of the Richardson es- tate was spread over 10 yearly jayments to improve the tax situation. But he declared tha :he services to the estate had been performed nearly four years before he was sworn in as governor. Lethbridge Livestock Lethbridge Livestock (Supplied by Canada Department of Agriculture) On offer to 11 a.m. 180 cattle. Receipts mostly butch- er steers. Cattle market active. Good and choice butcher steers leading and improved dtmand. Prices strong to 25 higher. Me- dium grades 50 or more :ugh- er. No butcher heifers sold early A few cows on offer sell- ing at firm prices with odd heifery kinds to 21. Medium and good heavy feeder steers mealing very good demand at strong prices. Choice steers 31.25 to 31.70; good 30.50 to 31; medium 29 to 31.25. Good cows 19.50 to 20.10; me- dium 18 to 19; canners and cut- ters 15 to 18. Good heavy feeder steers over 950 Ibs. 31 to 32.50; me- dium 28 to 30.50. Good feeder heifers 29.50 to 30.50. Butcher hogs sold Tuesday f.o.b. Lethbridge 21.80 to 22.30 jase price. Calgary Livestock CALGARY (CP) On offer to 11 a.m., about 625 head; mostly slaughter cattle of mix- ed classes. Trade was active with a good local demand. Slaughter cattle generally sold steady but a ISO-head lot of strictly choice steers of be- tween. and pounds sold 32.50 to 33. Heifers, cows and bulls sold steady. Choice slaughter steers 31.50 to 32.10, good 30.50 to 31.50, me- dium 29 to 30.25. Choice heifers 29.25 to 29.80, good 28.25 to 29, medium 27 to 28. Good cows 19.50 to 20, medium 17.50 to 19, canners and cutters 15 to 17. Good bulls 24 to 25.60. Replacement cattle were heavy, short-keep steers and cows with prices generally steady. Insufficient stock calves to establish a market. Good feeder steers more than.750 pounds 30 to 33. Good stock and feeder cows 18 to 22. Hogs base price 21.85. Quota system decision reserved OTTAWA (CP) The Su- preme Court of Canada, re- served decision here on an ap- eal attacking the validity of re Canadian wheat board set- ng grain delivery quotas at 1 western Canada elevators. Under the quota system, no rain may be delivered to ele- ators in excess of quotas es- blished by the board. Ths Supreme Court decision ill clear up a backlog of 900 leged wheat quota book vio- atJons in the three Prairie rovinces. Ejler Jorgenson, an elevator gent employed by the Federal rain Ltd., at Charieswood, Ian., was charged, with unlaw- ully receiving 363 bushels of p-aui in excess of the existing uota from farmer Nick Frie- en. He was acquitted of the barge by a magistrate on the grounds that Parliament went eyond its constitutional pow- ers in the legislation giving the vheat board authority over _________ Calgary, Montreal (Supp.'ied by Doherty, hxnnouse and McCuaig) LAST BID OR SALE a.m. Qjalts) a.m. Quotes) in Home Oil takeover am. Quotes, WESTERN OILS Alfa East Gas Alminex Asamera Banff BP Oil Gas Can South Cdn Ex Gas Ashland Cdn Homestd Cdn Homestd 5.03 5.65 15.75 12.75 5.85 5.10 4.15 11.55 14.00 HUSKY Oil B Pfd 44.03 Corn In St F 4.J11 5.26 KskJ Oil War e.W F U.S. ll.U Kg Inter Prev Pice 12.03 Gr Equity 4-07 loll Ulil Pfd Gr In Shares 3.35 3.W Sleet Pipe Jefferson Lake Kaiser Res Kam Kotia L Ont Pert Cen MGF Manage .70 Newconex Pacific Pete 13.12'.'j Rank Orfl Cdn Ind Oas Oil limb Mentc Cdn Long Is Cdn Super Charter Hied CMeltan '25 Shell Inv Dome Pete 83.50 Inv Dynamic Pete 1.19 Gt plains 30.50 Mill City 1.41 New Cont .85 North Cdn Oil Numac Permo -T> Pelrol 1.30 Pinnacle Place Gas 1-30 Ponder 65 Ranger 15.50 Scurry Rain 23.03 Sooener I-EO W Decaltra 600 MISCELLANEOUS INDUSTRIALS Agra 7.50 Atco Ind 9.25 Aquatalne 25.75 Brit Nfld 5.37V1 Cdn Brew A 31-00 Cdn Brew B 37.25 Cdn Hydro Car 16.00 Cdn Pacific Inv 26.50 CPR Pfd 9.00 Crowsnest Ind 30.00 Cygnus A 5.50 Cyqnus B 7.25 Cum Prop 15.50 Gt Cdn Oil S 5.00 Gt Cdn Oil 6-75 100.00 Home A 28.25 Home B 2S.62V Home Pitfld Hud Bay Co Hud Bay Oil .72 28.50 17.50 11.25 34.SO Invest Gr Invest Mutual Mutual Ac Mutual Gr F Nat Res N W Fin N W Gr Principal Fr Rnvfund United Ac Universal Sav 10.61 5.21 5.70 S.1S 5.66 3.97 4.36 4 59 5.01 7.10 7.60 Ulliil vioa uigcu ui mons Tuesday to step in to pre- decision may have been al- j fected by his recent ill health. Mr. Stanfield told reporters ShP'l In. Sicks Rainier wect Cdn Seed While Yuk CALGARY Acroll Ana PeJe Barons 01! North Cent plains Pete .39 West Warner Madiscn RCP1PELINE STOCKS Alta Gas Tr L A 48.00 Alta Gas Tr L Pfd 78.75 Alta Nat Gas 25.00 Cdn W Nat Gas 17.00 Inland Nat N and VANCOUVER ____ Anuk Arctic Mining 3.12V'j Alias Explor 3.40 Beth Ccpser 17.00 Bnrnite Ridge BiocrC Bros .90 Brenda .09W B.C, Sugar Oil? B.C. Suqar Pfd .02 Capt Inter ,29 Churchill Copocr Columbia Cell Coronation Credit 1.P2 6.75 vent Ashland OU Inc., Ashland, Ky.f from acquiring a control- ling interest in Home Oil Co. of Calgary, largest remain- ing Canadian-owned oil produ- cer. Resources Minister J. J. Greene assured the opposition thst bcth companies are aware of th3 government's concern at a shift in control of Home to the United States. He said he has "no legal un- d e r t a k i n g" from Home Oil President R. A. Brown of Cal- gary that control will be re- Charter carriers require bonds Croyden Dolly Varden Dynasty Emlako JDJ ____ Fort Reliance Gas 12-iiV'i Giant Mascot Granlsle N and C B Pfd 32.SO" Key Indus! Gal Metro 5.12% Growers B Brew Hys Interior Jericho Kamloops Copper Lcrnex Gas Metro Pfd A M.C Tr Cdn Pipe 34.25 Tr Cdn P Pfd 44.00 Tr Cdn P Pfd A 64-00 Tr Cdn P War 11.35 Westcoast Tr 22.75 Western Pacific 4.S5 MUTUAL FUNDS AGF Special 2.50 AH Cdn Com 7.42 rimiei All Cdn Divid 8.51 930 Pyramid .50 4.00 10.55 .27 3.CO 2.40 tained in Canada. However, Mr. Brown had "displayed keen interest as a New Cronln New imp Mines OKanaqan Hellcop 16.50 Hud Bay Oil Pf Huph Russell Husky Oil Cdn Invest F 4062V> Col Mutual 5700 cmnw Infer Leu CoT'nvest 4.39 4.B2 Trojan 5 98 6 57 Western Mines 1212 13.21 Westcoast Res 313 3.43 Western Explcr 5.36 5.86 Utica 19 3.40 .13 Toronto mines, industrials Supplied by Richardson Securities ui Canada LAST BID OR SALE Quotes) I.m. OuolM) a.m. Quotes! MINES Acme Advocate Asb. 2.1 Akaltcho Area IWnes Bay Norlhgate Opemiska Oslsko Datino Pine Point Placer Dev. a.EO 9.25 .30V) 28.25 29.fO 3.1.75 Apr Jim May Jiy Oct May Jly Oct May Jly Oct Rapesced Thunder Bay 294 Oats Barley 1347s Rye 11914 1183.4 117'A 116% 29954 134% 133% 12814 119Va Beef futures WINNIPEG (CP) Ther was light trade Tuesday in th live beef futures market wit several contracts at curren levels. Monday's volume trade was seven contracts. Open High Low Clos Mar 32.75 32.75 32.50 32.50 May 32.45 32.50 32.45 32.50 Jly 31.75 Club aid CNIB BOW ISLAND (Special) More than was raised the Bow Island Lions Club ii its recent fund-raising driv for the Canadian National In for the Blind. DEMOLITION SALVAGE FOR SALE Town Country Food Store SHOPPERS' WORLD LETHBRIDGE Phone 732-4253 After 5 p.m. R. HEINEN AND SONS PICTURE BUTTt Black Bralornc Broulan Bethlehem Brunswick Canada Tung. Cassiar central Pat. Chlmo Ccnwest Cons. Rambler Coin Lake Cochenoi'r Craigmont Dickenson Mines Denison Mines Deer Horn D'Eldona Dome Mines Donalda Discovery Mines East Malartic East Sullivan Falconbridge Frobex First Maritimes Giant Y.K. Gunnar Granduc Headway R.L. Hollinger P-C. Exp- Ouetec Man Rayrcck Radiore Rio Algom Roman Corp- Silverfields SherriU Gordon Silver Miller Steep Rock Eiscce Tek Corp. M Texmcnt 8.30 Upper Canada 135 Western Mines Wright Har. 06 Willroy Windfall r Yellowknlfe Br, ,-JJJ Zen INDUSTRIALS Abitibi Alcan Algoma Steel Atco Ind Allan Sugar Bell Tel Brazil Trac B.C. Tel Burns B.C. Forest 1.80 .M u.m 5.20 2.35 23.50 2.35 1.62 ?.2S .83 .13 1.05 3.30 142.00 .32 1.12 9.25 1.73 6.85 11.50 33.00 Dofasco Fam Play Fd of Amer Gt Cdn Oil Gen Motors Gt Lakes Pap Gulf oil Cda Greyhound Hawker Sid Huron, Erie Hiram Walk imperial Oil possible to retain the firm in Canada, while treating share- holders fairly. OTTAWA (CP) All non- sclxduled charter air carriers are likely to be required to ob- tain 100-per-eent performance rands before overseas charter 1.53 .33 17.62'A 7.00 1.75 2.64 1.8S 5.50 .65 1.82 3.35 1.29 1.12 MVt CAE Ind 2-95 cdn Brew 3-75 chemcell !-49- Col Cellulose .22'A Cal Power Hudson Bay M-S 20.fi2Vi B.C. Suaar Hydra Ex. -J Highland Bel! Iron Bay tso Jollet Quebec Kerr Addison Key Anacon Labrador Lake Shore Leitch Langis Silver Madsen R.L. Malartic G.F. Martin McNeely Maybrun Mncintyre Meta Mldrim Intern Mogul New Athona New Calume! New Imperial Noranda coron credit CWN Gas cdn Indust Canada S S Cdn Marconi Cdn Vickers Chrysler CPR Cominco Cons Bath Cons Gas Dist Sea Dom Bridge Domtar .26V2 Dom Textile 1.28 Dom Stores 31.50 Dome Pete .31 35.00 3.M 1.47 .14 10.00 .14 133.00 .21 .31 12.50 .16 Int Pipe Inv Gn A Int Utilities Indust Accept Laurentide Kelly Dug A Lceb .iSVi Loblaw A 5.60 Metro Stores .12 Massey Ferq McMillan -Bice B.25 Moore Corp 22.75 Moisons A 16.00 Molsons B 9.37'A North, Cent 7.l2Vz pembina Pp 46-50 power Corp 17.75 price Co 6S.OO Rclhmans 10.12V2 st Lav; Corp 23.62V2 Shell CDA 17.75 Simpson's Simp Sears 7.75 Steel of Can Selkirk A Teraco Traders Gp A Trans Mln Pp Trans Can Pp Union Gas Union Oil Versatile Mfg Wesfeel Weston's B 25.37V3 Woodward's A 11.50 West Cdn Sd ?0.25 Zenith Elec 51.3714 BANKS 2Q.12V4 Can Imperial 15.25 Montreal 14.50 Nova Scotia 10.25 Royal 86.25 Tor-Dom 5.75 6.75 26.75 1.20 11.50 11.75 30.03 3.65 6.75 26.00 24.50 11.75 57.00 5.00 82.12'A 21.00 20 14.37'A 2.60 39.50 1P..I5 17.12'A 46.37V2 26.25 7.75 17.12V2 7.37V2 5.00 3.55 5.00 35.00 12.S2V2 27.25 34.62'A 16.25 16.00 15.87V4 22.75 5.75 8.62V2 14.75 19.00 34.00 18.37'A 23.00 27.12'A 11.25 30.12'A 9.62'A Canadian citizen" in maintain- ing Canadian control. Orin E. Atkins, president of Ashland, also "said he under- stood my representations" and was aware of the "political sen- sitivity" of the deal. RAISED BY PC LEADER Conservative leader Rober Stanfield raised the subject asking the nature of Mr Greene's conversations with the two companies. Mr. Greene said he has urged both sides to see' that Canadian control is re- tained. When Mr. Stanfield asked whsther ho had any assurances of this, Mr. Greenr said he can "only operate under the law" but he was sure both sides are aware of government concern. Mr. Douglas asked whether ths government will step in and prevent any loss of Canadian control as it did when control of Denison Mines, a major Cana- dian uranium producer, was about to be sold to U.S. inter- ests last year. Mr. Greene said be is sure the positive nature of government action in the Dsnison case is flights to satisfy proposed Cana- Welfare rights urged "very much in tfe mind" of Ashland and Home. Mr. Greene told reporters out- side the House that Ashland was "trying very hard to move in a minority position." Throughout negotiations over the past weeks, both companies had "behaved as good Canadian corporate citizens should." Special legislation to deal with the case was not "beyond the realm of possibility." But Mr Greene said he thought Horn' could be kept Canadian with ne- gotiations, and without recoup- to government intervention. The minister rejected the suggestion from Mr. Stanfiek that the government's proposals in the white paper on taxation induced Home to seek a for 3im eign buyer. Mr. Brown, Home president had never mentioned the impac 11.00 16.25 i.m 1.Z5 19.75 14.50 22.12'4 23.12'A 19.25 Amounts of grain to be deliv- ered at all elevators. VIANITOBA REVERSED The Manitoba Court of Ap- peal set aside the magistrate's It said that Parliament iad the power to declare grain elevators to be works' for the ;eneral advantage of Canada. Mr. J o r g e n s o n's lawyers argued that the elevator at Charieswood had not been New York stocks Supplied by Richardson. Securities ol Canada Amr T and T Anaconda Bth Steel Chrysler Comsat Dupont General Motors Gulf Int Harvester 53.50 Montoomery Ward 32.25 20 Golds 176.11 up 5.52 21 50 Sears 80.25 10 Base Met 93.54 up .23 Sid Oil of H.J. 70.E7'A 15 W Oils 203.93 up .86 143.50 Woolworlh 39.00 81.6214 Westinohouse Elec 72.75 2875 U.S. Steel 33.25 TORONTO AVERAGES Royal Trust slashes role MONTREAL (CP) Roy Trust announced Tuesday a r duction to 9ti> per cent from cent in the interest ra for house and duplex mort 30 Indus! 873.90 off .69 20 Rails 190.24 off .95 15 Utilities 124.30 off .51 65 Stocks 287.83 off .71 NBA mortgages on propertj with a sale price of r less are set for 9% per cent. MANY SCHOOLS Rhodesia has schools. TORONTO (CP) The Star ys a group of senior federa and provincial civil servants recommended a bill of ghts that would guarantee an [equate standard of living for e more than one million Cana- ans who depend on welfare. The n e w s p a p e r says the group's report was one of three scussed at a private meeting federal and provincial wel- are ministers in Ottawa last eek, but was not made public as were reports on welfare costs and ways to improve welfare dministration. The Star says, the report's ecommendations include: all levels of govern- lent stipulate that welfare is a right" for all needy Canadians. welfare administrators and social workers stop moral- ling, treating welfare recipi- ents as second-class citizens, and acting as if welfare allow- ances were being taken from dian transport commission reg- ulations. The regulations now are being circulated among air carrier! or their comments, a commis- sion official said today. They are to be announced later year. The commission has already ordered Wardair Canada Ltd. to post performance bonds cover- ing the money paid by its pas- sengers on overseas flights. The company has been told that if it does not meet this requirement by Feb. 15 it will have to end overseas flights. Wardair is appealing the deci- sion to Transport Minister Don Jamieson. Under current regulations, a non-scheduled air carrier is re- quired to place passenger fares in a bank trust account before a charter flight. When the first half of the trip has been com- jleted it is allowed to'withdraw per cent of the money. The neir own pockets. welfare allowances be sufficient to maintain a mini- mum- standard of living and should include enough for utili- ies such as telephones, which usually are considered luxuries welfare recipients. recipients be made aware of then- right to appeal :he decision of welfare workers to an "independent" board. recipients be allowed to make appointments by tele- phone for their periodic visits to the welfare office and should have the option of choosing their own counsellor. welfare officials lively support poor people's groups and stop viewing them as subversive. remainder can be removed after the return flight. A commission off icial has said Wardair was withdrawing pas- senger fares before the allotted time. Maxwell Ward, president of Wardair, has said his com- panly had an "excellent record" in maintaining the accounts. One purpose of the new regu- lation would be to eliminate the policing required by the current rule, a commission source said. The new regulation would re- quire the air carrier to obtain a performance bond from a bond- ing or insurance company or a guarantee from a Canadian bank or other financial institu- tion that it would repay the charterer if the carrier default- ed.______ Ginter winery lease okayed at Red Deer RED DEER (CP) City council has approved in prin- ciple terms for a 10-year lease on a former brewery to Ben Ginter, British Columbia indus- trialist, who intends to turn the building into a winery. Council agreed to lease the property to Mr. Ginter of Prince George, president of Uncle Ben's Tartan Haldings Ltd., at a year for the first five years and at a year for the next five years. AN UNANSWERED PHONE IS LOST BUSINESS! LETHBRIDGE TELEPHONE ANSWERING SERVICE LTD. Phone 328-1701 24-Hour personal jroperl; designated as a work :or the' general advantage of Canada. Lawyers for the attorneys- general of Canada and Alber- a adopted reasonings of the Manitoba Court of Appeal. It was impractical for the government to list all elevators by name, they said. A general statement as contained in the wheat board act should suffice. Potato futures WINNIPEG (CP) The Maritime potato futures market had a light trade Tuesday with several trades at two points below previous close levels. Open High Low Close Mar 2.45N Apr 2.65A May 2.90 2.90B Papers kept secret LONDON (AP) British cabinet papers for 1936 relating to the abdication of King Ed- ward VIII will be kept secret until they are 100 years old. Prime Minister Edward Heath, answering questions in the House of Commons said the long delay was "in accordance with past practice." Stock exchange sets record NEW YORK (AP) Volume on the New York Stock Ex- change set a daily record Tues- day as trading soared to 22.03 million shares. No definite price trend emerged, however. Some in- dexes closed up; others were lower. Trading volume has been at peak levels in recent days, ex- ceeding the 20-million share mark in six of the last eight ses- sions. The previous trading record of 21.68 million shares was Jan. 22. The exchange's tape was two minutes late at the closing bell Tuesday. Some 149 blocks of shares or more were traded, in- dicating heavy institutional ac- tivity. Hog prices EDMONTON (CP) Prices to 11 a.m. today provided by the Alberta Hog Producers Marketing board: Edmonton: Quoted 21.75 to 21.80, selling 21.75, average Tuesday 21.67. Calgary: Quoted 21.85, sell- ing 21.85, average Tuesday 22.09. Red Deer: Quoted 21.75, sell- ing 21.75, average Tuesday 21.87. Lelhbridgc: No sales. Aver- age Tuesday 22.03. Lloydminster: No sales. Av- erage Tuesday 20.83. Total sales Tuesday average 21.70. Sows average 12.67. I ISSUE OF NON-CALLABLE GOVERNMENT OF CANADA BONDS DATED FEBRUARY 15, 1971 Bank of. Canada is authorized by the Minister of Finance to receive subscriptions for a loan, to be issued for cash, as follows: 18 year 6J% bonds due Febrnary Issue price: 99.00% Yielding about 6.85% fo maturity Interest payable August 15 and February 15 Denominations: and Bank of Canada has ngreed to acquire a minimum of of the new bonds. Proceeds of. the offering will be used for general purposes of the Government Canada. The new bonds will be dated February 15, 1971 and will btnr interest from that date. Prin- cipal and interest are payable in lawful money of Canada. Princ.pal is payable at any Agency of Bank of Canada. Interest is payable at any branch in Canada of any chartered bank without charge. Definitive bonds will be available on February 15, 1971 and thereafter m two forms: bearer form with coupons attached and fully registered form with interest payable by cheque. Bonds of both forms will be in the same denominations and fully interchangeable as to denomination form without charge (subject to Government transfer requirements where The new bonds are authorized pursuant to jn Act of the Parliament of Canada and both principal and interest arc a charge on the Consolidated Revenue Fund of Canada. Applications for the new bonds may lie made, subject to allolmcnt, IhroiiRli any investment dealer eligible to act as a primary dislributor or through any bank m Canada. ;