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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - September 26, 1974, Lethbridge, Alberta 20 THE LETHBRIDGE HERALD Thursday, September 26, 1974 Identification difficulties wins bank robber acquittal EDMONTON (CP) A 29- tion by a bank teller was not witness was positive in her Edmonton branch of the year-old citv man was ac- conclusive enough identification, several others Bank ot Canadd quitted of armed robbery here District Court Judge S V were unsure that the accused thtn alter a judge ruled identifica- Legg said although one was the man who robbed an the hold up Oct 17, 1973 Green Island Rum. can alnwst taste the sunshine. Enters petrochemical, steel fields GREEN ISLAND HI 11. Ill M BLANC 1 blend thf C anadwn and Irnfiortra U nite Rums df rhumi blatu i (.anaditns ft imttjrtes dt la M 411 DISIIllhKSOU h IHBRIIX h A! HhKI Crown gas firm expands interests CALGARY (CP) Alberta Gas Trunk Lines Co Ltd is not hatching plans to move into every industrial area but it has abandoned its low- profile approach after 20 years, says its president, S Robert Blair The company, created by a special act of the legislature in 1954, is the province's prime transporter of natural gas but now has also branched into petrochemicals, steel and gas marketing Mr Blair, 45, says Alberta Gas Trunk is merely attempting to broaden its business base because gas transmission is a finite activi- ty which cannot expand and prosper indefinitely "We're not an octopus stretching our tentacles out to grab he said ''We are not empire builders He added that the firm and its subsidiaries have ignored such potential enterprises as gas exploration and retailing Company piojects include world-scale petrochemical plants costing hundreds of millions of dollars, a proposal for a gas pipeline from the Mackenzie Delta, pipe-manufacturing and an anticipated million ex- pansion this year to its own gas system "Our scope is not that big, but it just so happens that ev- erything big is within our Mr Blair said Mr Blair says that while the firm has obligations to its shareholders, it also has a phi- losophy which goes beyond m- creasing profits through diversification OWE COMMUNITY "We believe we owe some- thing to the community and there is no question that our community is Alberta He said the firm sees indus- trial development as a way to repay the province for award- ing it the exclusive right to gather gas within Alberta We also have the awareness that there are ex- ceedingly few independent companies with real decision- making headquarters in Alberta with the size and financial strength to compete in national and international projects Primarily a pipeline com- pany, Gas Trunk has formed subsidiaries and entered a number of joint ventures with both private industry and government In 1970, it became the first sponsor of the Gas Arctic Study Group, a consortium ex- amining the feasibility of moving gas to southern markets from Alaska and the Mackenzie Delta Two years later the group merged with the rival North- west Project Study Group to form Canadian Arctic Gas Study Ltd In 1972, Gas Trunk formed Pan-Alberta Gas Ltd a com- pany geared to market surplus Alberta gas to United States markets, and later acquired 45 per cent of International Port- able Pipe Mills Ltd based at Cochrane, Alta which had devised a method of fabricating steel pipeline in the field Last year, the company joined with Allarco Develop- ments Ltd of Edmonton to form Alberta Gas Chemicals Ltd The joint venture will in- clude construction of an am- monia plant near Medicine Hat DISCUSS INVOLVEMENT A proposal to join the Alberta government in 20-per- cent ownership of Interprovm- cial Pipe and Steel Co of Regina is still under discus- sion It has acquired Algas Engi- neering Services Ltd a con- sulting operation for pipeline technology and operations, as a wholly-owned subsidiary Also on the list are Algas Resources Ltd formed in 1973 to purchase gas reserves and lockup natural gas feedstock for future petrochemical needs and Algas Mineral Enterprises Ltd a legal holding company com- plementing the activities of Algas Resources The latest addition is Alberta Gas Ethylene Ltd es- tablished earlier this year, which has proposed construc- tion of a ethylene manufacturing facility Company officials now are considering opening an office in Toronto and thinking about shortening the firm's name Mr Blair says about 25 per cent of the Gas Trunk shares are held by Albertans, 20 per cent by individuals and prob- ably another five per cent by individuals participating in fi- nancial and banking in- stitutions It represents more shareholders than any other company He feels little would be gain- ed by a provincial government take-over of the firm, a suggestion heard occasionally within the industry "After all, this company is working FORM EMBASSY SQUAD LONDON (AP) Scotland Yard said Friday it is forming a new mobile police squad to protect foreign embassies in London The Diplomatic Protection Group will be com posed of volunteers from the London metropolitan police serving for six-month stretches about half of them firearms experts NOW LEASING woodward tower at lethbridge centre Lethbridge Centre heralds the beginning of a very dramatic and comprehensive redevelop- ment located in the heart of the citys central business district.This Woodward Stores Limited, conveniently pro- vides a prestigeous office fine commercial shops, a two-storey Woodward's department store, a Woodward's famous food floor, an automotive service centre, a twin cinema, and ample parking. wooclward tower offers- The comfort of air conditioning on every floor Fluorescent lighting provides 75 to 100 foot candle illumination Custom drapes on all exterior windows Vinyl asbestos tile floors in rental areas Men's and ladies' washrooms on every floor Three automatic, high speed elevators serve all levels Complete maintenance service Located m the heart of the city's business district for additional information Mr-J.R. (Bob) Jones or Mr. G. C. (Gary) Jones Lethbridge Centre Ltd. 2nd St. and 4th Ave. S. Lethbridge, Alberta Phone HEAD OFFICE Centra Ud. cte Woodward Storm RMI EMMt 101 HMDngt, Vancouw, 8 C. V8B 401 ;