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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 24, 1971, Lethbridge, Alberta Nknwfy 14. THI UTHUIDOI HtUlD 23 m Oil stock issues make price climb Livestock report TORONTO (CP) OH istues made strong advances as prices on the Toronto stock market were moderately higher in ac- tive mid-morning trading today. On index, industrials rose .42 to 176.50, golds .72 to 91.84 and western oils 3.21 to 204.40. Volume by 11 a.m. was shares, up from at the same time Tuesday. Advances outnumbered de- clines 155 to 64 with 144 issues unchanged. Strongest sectors were banks, real estate, steel and food proc- Pacific Pete gained 1 to Home A 1 to Erie Diversi- fied to Jefferson Vi to Canada Packers to Cominco to and Aqui- taine to Asamera was up to Ranger to Patino V> to Placer Va to and Burns Foods Vt to Massey-Ferguson dropped to Sherritt Vs to Inco Vs to and Kerr Addison 10 cents to BANKS GAIN MONTREAL (CP) All sec- tors were fractionally higher with banks showing the strong- est gain in light trading on the Montreal stock market today. On index, industrials were up .25 to 178.14, utilities .25 to 152.36, banks .90 to 181.39, the composite index .31 to 174.15 and papers .13 to 91.74. By 11 a.m. shares had changed hands. Highlighting losses on the Montreal Stock Exchange was Hollinger Mines off Vlt to Massey-Ferguson was down to The company an- nounced Tuesday it would make Bubstantial layoffs and close down part of its North Ameri- can operations for a minimum of two or three weeks because of lagging sales. Southern was off to Acquittlne to Sea- rrams to and Crush Vt Cominco was up to Alberta Gas to Home Oil A to Husky Oil to Bell Canada Vi to Canron to The Royal Bank gained Vi to following its announced cut of prune lending rates and rates paid on non-chequable bonus savings accounts. PRICES HIGHER NEW YORK (AP) Stock prices climbed higher today in active trading despite what ana- lysts described as an unsettling news background. At noon the Dow Jones aver- age of 30 industrial stocks was up 6.57 at 876.57. Canadian Pacific was up a point at Granby Mining was up at and Distillers Seagrams up at On the American Stock Ex- change, Javelin was ahead at Jupiter Corp. rose to Brascan and Canadian rtarconi lost at and 4.13 respectively. Lethbridgu Livestock (Supplied by Canada Department of Agriculture) On offer to 11 a.m. 100 cattle. Receipts mostly slaughter steers, cattle market active. Good and choice butcher steers meeting good demand at steady to strong prices. No butcher heifers on offer. Me- dium and good cows strong to 25 cents higher. The very few replacement steers on offer selling at firm rates. Choice steers 31.50 to 31.90; good 30.25 to 31; medium 28 to 30. Good cows 20 to 20.50; me- dium 18.50 to 19.50; canners and cutters 15 to 18. Good heavy feeder steers over 900 Ibs. 30.50 to 31.80; me- dium 28 to 30. Butcher hogs sold Tuesday f.o.b. Lethbridge 22 base price. Seek raise in wheat price level By VICTOR MACKIE Herald's Ottawa Bureau OTTAWA Representation were made in the Commons Monday to the government ti raise the Canadian domesti price level of wheat to arouni a bushel, following the fail ure of the wheat conference a Geneva. Western MPs made stron representations to the govern ment to take action to help the hard-up grain growers on th prairies. Otto Lang, minister of man power, who reports for the wheat board, said nothing ver much has changed as a resu of the failure at Geneva t come to an agreement o prices. The Canaadian goverrane' will be watching with inleres the possibility of pricing talk being reconvened under th jurisdiction of the wheat coun cil, he said. Mr. Lang said there are number of issues before th Canadian cabinet hi the form of proposals affecting grai He suggested the most im mediately useful thing for tl fanners would be to get tl proposed legislation into tl House of Commons and to prc ceed to implement the stab'' ity program. Eaton insurance income down TORONTO (CP) The T. Eaton Life Assurance Co. re- ports net income for 1970 was compared with in Life insurnce business in force at the end of the year totalled un from at Dec. 31. 1969. New life insurance written during the year amounted to compared with in 1969. Vew tourist jromotion schemes EDMONTON (CP) Ameri- ans will be told how "peace- ul" Alberta is while Cana- ians will be told it's "wild" to new advertising approach to encourage tourism. Doug Evans, Alberta's direc- or of tourism, said here mar- tet research is being done to determine how to best sell the irovtoce's attractions. A major part of the Alberta campaign is a "Peace Al- >erta" slogan being prepared or major magazines in the United States, he said. Canadian visitors to Alberta will be lured with ads on the jrovtoce's wild rodeos, wilder- less areas and nightlife, he said. Calgary Livestock CALGARY (CP) On offer to 11 a.m., 900 head, mostly slaughter classes including a large cow offering. Trade was moderately active. Slaughter steers and heifers were 25 cents lower. All grades of cows sold fully steady to 25 cents higher. Few bulls on of- fer sold at steady prices. Choice steers 31 to 32, good _J to 31, medium 29 to 30 Choice heifers 29 to 29.50, goot 28 to 29, medium 26 to 28. Goot cows 19.75 to 20.60, medium Canada's largest feedlot in south 18.75 to 19.75, canners and cut- 16 to 18.25. Good bulls 25 to 25.50. Replacement cattle were mostly heavy feeder steers selling at steady prices. Good heavy feeder steers 750 pounds up 30 to 33, under 750 pounds 33 to 36. There were insuffi- cent stock or slaughter calves sold early to establish a mar- ket. Hogs base price 21.75 to 21.80, currently 21.80. Lambs lower Tuesday, good lambs 25.50. Egg prices EDMONTON (CP) Week- ly egg and poultry report issued by the Alberta depart- ment of agriculture: Eggs To Producers A large 39; A medium 35; A small 21; B 19; C 6; Cracks 6. To retailers A large 50 to 52; A medium 47 to 48; A small 32 to 33; B 32 to 34; C 19 to 20; Cracks 19 to 20. (Two cents extra in To con- sumers (in cartons) A large 56 to 57; A medium 52 to 54; A small 39 to 41. Poultry To Producers Live No. 1 chicken Broilers, 20 Fowl Under 4, 5. Turkey 12, 12 to 18, over 18, 24. Live No. 2 chicken Broilers. Tur- key Under 12, 12 to 18, over 18, 22. BROOKS, A1U. (CP) Lake- side Feeders Ltd., located near this southeastern Alberta com- munity, has mto ada's largest livestock tedtot in only four years. Employing 28 persons ta a project that has more than 80 acres of pens in which bead of cattle can be fed at one time, Lakeside has grown and prospered a rate that has aniaied even its forward-look- ing owners. "Despite the severe beef shortage, we are currently handling three times t> much stock as we bad anticipated Grain price review Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, Madhouse and McCuaig) LAST BID OR SALE Quotes, OMMt- Winnipeg Grain Prices i WINNIPEG com- modities were on trend to lower prices on extremely light trade at mid-session of the Winnipeg Gram Exchange to- day. Flax and rapeseed had thin exporters buying on declines. Offers were to the form of hedges. Oats was steady in light mil- ler buying while barley was fractionally easier. Commis- sion house offers to barley met indifferent domestic shipper support. Rye had fairly good export- er interest on declines. Tuesday's volume of trade included bushels of flax, of rapeseed and of rye. Mid-session prices: Flax: May Vt lower July lower Oct. Vs lower Nov. unchanged Rapeseed Vancouver: March unchanged May Vt lower 2.92V4; July lower 2.74V4; Sep. unchanged 2.68A. Rapeseed Thunder Bay: April 1 tower 3.05A; June 1% lower Oct. 2 lower 2.66A; Dec. not open.______ WESTERN OILS Alia East Gas 4.55 Almlnex Asamera Banff B. f. OII Can Southern Cdn Exp Gas Ashland Grid Cdn Home Cdn Home Pfd Cdn Indus Gas Cdn Long Is Cdn Superior Cent Del Rio Charter Chieftan Dome Pete Dynam Pete Total Pete Great Plains Mill city New Cont North Cdn Oil 15.00 11.00 M 38.75 Numac Labor's rights meeting souglit EDMONTON (CP) The Al- berta Federation of Labor will seek a meeting with the pro- vincial government to discras labor's rights in the area of pollution, a federation spokes- man said today. Neil Keimer, chairman of the federation's committee on the environment, said that under bills before the legislature in- dustrial operations couUt be closed or made difficult "with- out labor representation." This type of appraoch has caused Chemcell Ltd. to lay off 325 workers in Edmonton, l.'j said. "If government can impose new conditions at any time and the employer must respond, then labor must have the right to bargain and strike if neces- sary at any time in connection with all matters relating to pol- lution control." Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Spooner West Decalta MISCELLANEOUS INDUSTRIALS Hugh Rus Pfd Husky Oil 5.95 Husky Oil B 16.62'A Husky Oil War 12.37'A Inter Pro 425 Int Utll Pfd 525 Inter Steel 4.85 Jeff Lake 11.37V1 Joule! 8 65 Kaiser Res Kam Kotia Lake Ont Pt Cf MGF Manage Mentor Newconex 4.75 Pac Pete Rank Organ Selkirk Hold Srell Canada shell Inv Pfd Shell Inv wts Sicks Rainier West Cdn Sd White and Yuk CALGARY Acroil Anac Pete Barons Oil North Cont 'j0 Plains Pete West Warner 24.37V, Madison 1.89 Rexdale 31.75 18.75 .13.00 8.70 12.25 38.00 Cmnwlth Lev 3.44 Corp invest 5.37 5.87 Corp In Stk Fd 4.7ft 5.20 Drey Fd U.S. 11.84 12.98 Growth Equity 5.93 6.51 Grp In Sharn 3.31 3.64 invest Grow 5.64 6.16 Invest Mut i.17 5.66 1 Mut Accm 5.15 5.66 Mut Grow Fd 4.93 5.42 Nat Resources 7.17 7.34 NW Finance 4.24 4.66 NW Growth Princi Grow Royfund United 6.90 82.50 1.12 7.10 32.25 1.85 .78 7.60 7.60 .67 1.33 United Acm Unl Savings VANCOUVER 87 .36 .15 Agra Ind Atco Indus Aquataine Brit Nfld Corp Cdn arew A Cdn Brew B Cdn Hyd Carb Cdn Pac Inv CPR Pfd Crowsnest Ind Cygnus A Cygnus B cum Prop Gt Cdh OII Sd! Gt Cdn OII Sds Home Oil A Home Oil B Home and Pit Hud Bay Co Hud Bay oil Hud Bay Oil 7.00 8.50 34.25 5.25 31.00 37.00 25.75 9.50 23.00 5.75 7.50 16.00 5.60 100.00 28.25 27.50 2.00 16.75 40.75 5.60 30.50 17.87% ll.UVi 34.00 Anuk 34.25 Artie Mining 14.50 Atlas Explor 2.87'A Bethlehem Cop 3.40 Rldga Block Bros. Brenda B.C. Sugar B.C. Sugar Pfd Capt. Inter Churchill opper Col Cellulose Coron redit Crest For Ind Croyden Dolly varden PIPELINE STOCKS Dynasty Alia Gs Trn Ln A 48.12'A Fort Reliance Alta Gs Tr Ln Pf 76.00 Giant Mascot Alia Nat Gas 24.50 Granlsie Cdn West Nat Gas 16.50 Key Indust Inland Nat Gas 11.50 Growers B North, Central 15.37'A Bathurst Norst North, Cent B Pf 31.75 Hys Gaz Metro 4.75 Inter Gas Metro Pf A 63.25 Trns Can P1M 32.00 Trns Cda P Pf 42.50 Trns Cda P Pf A 63.50 Trns Cda P War 10.00 Westcoast Trans 24.00 Western Pacific 4.80 MUTUAL FUNDS AGF Special 2.51 All Cda Com 7.54 8.24 Silver Stand All Cda DIv 8.15 9.45 Texmont All Cdn Vent 3.32 3.63 Amer Grow Fd 5.14 5.64 Western Mlnas Cdn Invest Fd 4.40 4.83 Westcoast Res. Collect Mut 5.95 WPSIern Eplor. 5.10 5.60 4.35 5.30 5.46 4.59 5.04 7.03 7.73 .45 .15 .53 14.50 .10 4.50 6.65 17.50 1J.50 Brew Jericho Kamloops Cop Lornex Lylton Minerals New 'Cronln New Imp Mines Okanagert Heli Primer Pyramid oec u 55.62% Cmnwim Int 12.25 13.42 Utlca 5.95 12.25 1 5.75 1.30 7.12V5 .21 Ml .36 4.80 .49 3.95 10.12'A .25 3.25 .It 2.75 5.1 .10 .12 6.65 2.15 4.40 .16 .33 1.4B .60 .261A 3.35 .13 .25 M Hog prices EDMONTON (CP) Prices to 11 a.m. today provided by the Algeria Hog Producers Marketing Board: Edmonton: Quoted 21.75 selling 21.75, average Tuesday 21.77. Calgary: Quoted 21.75 fc 21.80, selling 21.80, average Tuesday 21.93. Red Deer: Quoted 21.75, sell ing 21.75, average Tuesda" 21.86. Lethbridge: Quoted 22.00 selling 22.00, average Tuesday 21.90. Lloydminster: No sales. Av erage Tuesday 21.12. Total hogs sold Tuesday 9 700, average 21.75. Sows aver age 13.65. Oat-: May Vt lower KVt; ury not open; Oct. unchanged Dec. not open. Barley: May IVt lower .30A; July Vi tower 1.29A; Oct. lower Dec. not open. Rye: May lower uly lower 1.08% A; Oct. un- hanged Dec. un- changed Prices for class two wheat Tuesday for export to countries utside IGA: 1 Nor l.SO'.i; 2 TO; 3 4 1 Dur- im 2 3 IGA prices: 1 Nor 1.80 i; 2 1.78Vi; 3 4 Durum 2 1.7554; 3 1.66 4; 4 Grain quotes Tuesday (basis High Low Close Flax May 254% 254 254 Jlv 252% 252tt 252V4 Oct 255% OT _ 255% Rapeseed Vancouver Mar 314 311% 312% May 294% 292% Jly 275% 274 274% Sep 288 Rapeseed Thunder Bay Apr 306 Jun 284% 282% 282% Oct 268 Dec Oats May 85% 85V4 Jly 85% 86 86% Dec Barley May 131% Jly Oct Dec Rye May 117 Jly 110% 109 Oct 113 112 Dec 13H4 129% 125 116% 109 112% when we started our operation in says Jim Wilfley, com- pany president. "Our efficiency in fjnkVnng attle has prompted us to pro- ceed with the construction of a lacking plant, which will have a apacity of 300 head per day." The giant feedlot now is oper- ting at about its capacity, typical of the industry generally at this time. It has to head on feed. It finishes a yearling in 100 to 20 days and a calf in about 250 ays, cutting up to 30 days from the time of a farm-type feedlot. In 1970, gross sales were be- tween million and million, up about 200 per cent from the >revnhs year, Mr. Wilfley said. Lakeside, which owns about all the stock it feeds-the other lalf is custom-fed for area anches and big on science and technology in its op- rations. A key item is a new electri- ally-driven, electronically-con- rolled feed mill, which Mr. Wil- ley describes as "the best of its tind in Canada." BLENDS MATERIALS The continuous-flow mill is en- dowed with 1 o a d -c e 11 weigh >elts, so that raw materials rom nine augers and pipelines t employs are blended accord- ng to weight rather than vol- ume. The mill has a >ushel storage capacity and daily production capability ol feed for head of cattle. The mill, equipped with more than 40 motors ranging up to 100 horsepower, is almost fully automated and has the flexibil ty to change almost instantly amounts of wheat, oats, barley beet, pulp, protein supplements and alfalfa to keep materia costs as low as possible in rela tion to animal weight gain. The stock, being primed foi slaughter, is fed twice daily in four miles of feed troughs serv iced by two speciaUy-equippet dispensing trucks. Each pen re- ceives a continuous supply o fresh water from a man-mad lake fed by the Bow River. The troughs are heated by electric elements to provid warm water in winter. The pen 'area, feed mill an Hot pants, non PARIS (Reuter) A surve published to the newspape France-Soir says only slightl more than one person to three approve of hot pants, the sex) short shorts. other structures are illuminated by 75 mercury Hghta of 175 watts each. The illumination serves two urposes. "It keeps tl.e cattle quiet, hich is important to weight ato, and it permits us to feed a standard time Wilfley says. Beef futures WINNIPEG (CP) Tradin was mostly inactive Tuesday o the Winnipeg live beef future market. There were contract in July at current levels an bids and offers in March an July. Open High Low CIos Mar 32.75 May 31.90 Jly 31.25 31.25 Hanoi seen in danger From REUTER-AP SAIGON (CP) While U.S. lanes continued the bombing of s'orth Vietnam today, a Hanoi military leader was quoted as aying that recent moves by the Jnited States in Indochina had placed the security of his coun- ry in great danger. The latest U.S. raids on the North were a follow-up to 50 strikes along the Laotian border in North Vietnamese territory during the weekend. Tuesday night and early today, two F-105 Thunderchief ighter-bombers fired three air- o-ground missiles southeast of he Ben Karai pass in North Vietnam, near an infiltration route from the North. A third 3lane attacked radar-controlled anti-aircraft sites in the area. The North Vietnam news agency reported that Defence Minister Gen. Vo Nguyen Giap told a Soviet embassy reception in Hanoi Tuesday night that U.S. and South Vietnamese troops had launched a large- scale invasion of southern Laos in co-ordination with Laotian government and Thai forces. "In massing such a big force just south of the 17th parallel, the U.S. also plots against the Democratic Republic of North he said. Moreover, President Nixon had declared that he would not put any limit on the use of U.S. power, especially air power, in any part of Indochina, Giap noted. "This Is a new very serious step taken by the U.S. imperial- ists to escalate their war in vio- lation of the sovereignty and neutrality of the kingdom of Laos, to the great danger of tha security of the DRVN." Dividends By THE CANADIAN PRESS Famous Players Ltd., 10 cents. March 19, record March 3. Greyhound Lines of Canada Ltd., 12% cents, April 1. record March 1. Texaco of Canada Ltd., four per cent pfd., April 20. record March 31 Toronto mines, industrials Supplied by Richardson Securities of Canada LAST BID OR SALE a.m. Quotes) a.m. Quotes) Potato futures WINNIPEG Mari- time potato futures market had a ligM trade Tuesday with con- tracts in May at two points below previous levels. Open High Low Close Mar 2.40A Apr 2.50A May 2.90 2.92A Dollar Value MONTREAL (CP) U.S. dol- lar in terms of Canadian funds up to Pound sterling up Ta to NEW YORK dollar down 23-64 at 99 9-32 in terms of U.S. funds. Pound ster- ling down 1-64 at Net earnings By THE CANADIAN PRESS Burns Foods Ltd., year ended Jan. 2: 1971, 95 cents a share 1970, 80 cents. Canadian Superior Oil Lid., year ended Dec. 31: 1970, 44 cents a share; 19fi9, 48 cents. Industries Ltd.( nine months ended Dec. 31: 1970, a share; 1969, MINES Acme Advocate Asb. Akaitcho Area Mines Black Bay Bralorne Brouian Bethlehem Brunswick Canada Tung. Cassiar Central Pat. Chimo Con west Cons. Rambler Ccin Lake Cochenour Craigmont Dickenson Mines Denison Mines Deer Horn D'Eldona Dome Mines Donslda Discovery Mines East Malartic East Sullivan Frobex First Marltimes Giant Y.K. Bovis Granduc Headway R.L. Hoiilnger Hudson Bay M-S Hydra Ex. Highland Bell Iron Bay ISO Joliet Quebec Kerr Addison Key Anacon Labrador Lake Shore Leitch Langis Silver Madsen R.L. Malarlic G.F. Martin McNeely Maybrun Maclntyre Met a Midrim New Athona New Calumet New Imperira! Noranda Northgata .49 1.62 .0714 2.75 .26 U50 4. BO 2.20 23.62'A 2.30 1.56 9.30 1.80 .13 .42 8.85 1.35 27.50 .06 .88 65.00 .19 1.02 1.10 3.55 137.00 .27 l.OB 10.00 1.65 6.95 12.50 36.SO 21.50 .7-1 3.10 .1.60 1.67 .21 9.75 .30% 36.00 3.15 1.56 .12 .76 .15 .25 1.33 31.50 fl.60 Opemiska Osisko Pallno Pine Point Placer Dsv. P.C. Exp. Quebec Man Rayrock Radlore Rio Algom Roman Corp, Silverflelds Sherrllt Gordon Silver Miller Sleep Rock Siscoe Tek Corp. Texmont Upper Canada Western Mines Wright Har. Willroy Windfall Yeltowknlft Br. Zenmac INDUSTRIALS 27.00 28.87'A 32.12% 1.05 2.50 1.75 5.75 .63 1.77 3.SO 1.26 1.03 -14'A 5.55 .11 Abltlbl Alcan Algom a Steel Atco Ind Atlan Sugar Bell Tel Brazil Trae B.C. Tel Burns B.C. Forest B.C. Sugar CAE Ind Cdn Chemceli Col Cellulose Cal Power Coronalion C.W.N. Gas Cdn Indus! Canada S S Cdn Marconi Cdn VIckers Chrysler CPR Cominco Cons Bath Cons Gas Dist Sea Dom Bridge Dom Textile Dom Stores 7.25 22.75 14.75 8.75 7.50 46.75 11.M 35.00 17.50 4.50 7.37VJ 4.4S 5.75 36.00 1.30 11.35 13.35 30. SO 3.75 8.63 Vi 38.00 49.50 31.00 10.25 51.50 30.50 14.87'A 10.75 Dome Pete Dofasco Fam Play Fd of Amer Gt Ccfn oii Gen Motors Gulf Oil Cda Greyhound Hawker Sid Huron, Erie Hiram Walk Imperial Oil Imperial Tob Int Nickel Int Pipe Inv Gp A Int Utilities Indust Accept Uaurentide Kelly Doug A Loeb Loblaw A Metro Stores Massey Ferg McMillan Bloc Moore Corp Molsons A Molsons B North, Cent Pembina Pp Power Corp Price Co Rothrnans St Law Corp Shell CDA Simpson'5 Simo Sears Steel of Can Selkirk A Texaco Traders Gp A Trans Mtn Pp Trans Can Pp Union Gas Union Oil Versatile Mfg Wesfeel Union Car Weston's B Woodward's A West Cdn Sd Zenith Elec BANKS Can Imperial Montreal Nova Scotia Royal Tor-Dom 84.59 24.12% 57.12% 5.60 80.00 20.75 14.37% 2.40 20.3716 39.00 19.50 17.00 41.25 26.62% 8.25 35.00 7.50 5.25 3.85 5.90 33.50 10.37'A 27.25 34.62% 15.62% 15.00 24.00 5.75 7.75 11.87% 19.00 34.12% IB.50 23.00 26.62% 11.00 30.00 10.00 31.87% 41.50 3.70 11.00 15.00 19.13% 19.87% 3.JO 1.40 14.50 22.87V; 23.75 19.87V; New York stocks Supplied by Richardson. Securities of Canacli Money available. Very flexible terms) i From to (or even more) to expand your business, with amortization geared to your increased productivity. i Repayment out of earnings. i This new kind of credit comes at attractive bank lending rates, with flexible collateral requirements. i You can do this today at the Royal Bank, the only Canadian bank to publicly offer businessmen this kind of innovative help. i Talk to any Royal Banker. He's willing to invest in your future growth, as well as on your balance sheet. Amer T and T 49.75 Montgom Word Anaconrla 31.00 Sears Berh Steel Std OII of N.J. Chrysler 36.S7Vi Texas Gulf Comsat 63.00 Texas Co. DupLint 139.62V'i Woolworlh General Motors 29.67Vi Westli Gulf 31.00 U.S. Sieei la uin oir -u Int Harvester 30.87H. TORONTO AVERAGES 65 Stocks 367.70, Up Kenn Copper 35.37V; 20 Inds 176.77, up .69 Volume 36 SO 20 Golds up .62 79.12VJ 10 Base Met 91.67, off .13 7400 15 Wst Oil 70-1.61, up 3.52 120.CO Volume 35.75 NEW YORK AVERAGES J6.00 30 Inds 176.77, up .69 i Westlnq Electr.- 30 Rails 1B0.5J, up U.S. Steel 31.87ft 15 Utll 91.87, off .15 Here are some idea starters: 1 Capital outlay, such as land purchases, building construction orrenovafion, machinery and equipment purchase and installation. 2 Working capital, where this has been depleted by capital expenditures of by investment in an increased level of business. 3 Purchase of assets or shares of a company. 4 Interim financing of real estate development by qualified buHders with definite mortgage arrangements. 5 New ventures with viable projections, and based on a history of business competence. 6 Put together your own proposition. Wo will match your track record In business with our track record in helping out ROYAL BANK the helpful bank ;