09 Jan 1981
Page 1
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Newspaper
Medicine Hat News
Location
Medicine Hat, Alberta, Canada
Date
Jan 09, 1981
Page
1
The text notes a small 1981 investment rise of 1 to 3 percent in real terms, down from 5 to 7 percent last year and about 10 percent in 1979, signaling a rough year. It suggests Canada's recovery hinges on federal policy and actions by Ottawa, Ontario, Alberta, and Quebec as the year begins.
The Independent Petroleum Association of Canada told the National Energy Board Ottawa’s October budget has effectively written off conventional oilfields in Western Canada. It warns policy favors frontier development, risking reduced exploration and investment by independents by as much as 50 percent.
A. J. Cronin, 84, Scottish born novelist of The Citadel and other bestsellers died at his home near Montreux. Funeral services were held at La Tour de Perliz. Cronin, once a surgeon, left medicine after Hatter's Castle success in 1931 to write, blending medical insight with Catholic faith.
John Masters of Canadian Hunter Exploration denounces federal energy policies after production cuts and delays at Elmworth in Alberta. Alberta ministers consider suing Ottawa over an eight percent energy tax while Saskatchewan also moves to court. Hundreds of jobs hang in the balance as oil wells shut down and producers reassess US versus Canadian operations.
A two story Beachview Rest Home blaze in Keansburg New Jersey killed at least 13 residents and left 18 unaccounted for as firefighters battled the flames before dawn. Evacuees described thick smoke and rapid fire with victims found in and around the building.
Amid guarded optimism in Tehran and Algiers, prospects of a hostage release resurfaced. Warren Christopher met Algerian intermediaries in Algiers as a four man Algerian team negotiated with Iranian officials, while diplomats in Tehran spoke of light at the end of the tunnel and the potential for swift progress.
Ottawa reports final payments of 730.5 million to Prairie growers for the year ending July 31. No. 1 red spring wheat 1.10 per bushel No. 1 durum 1.08 and No. 1 feed barley 39 cents. Saskatchewan 446.8 million Alberta and Peace River BC 187.3 million. cheques later this month. Gary Carlson of Saskatchewan Federation of Agriculture comments.
The Samson Indian Band and Nu-West Development Corp signed a 55 million dollar Baywood project agreement near Cold Lake Alberta for a 364 hectare housing development. The venture gives band equity participation and aims to create up to 12 000 residents across 3300 homes with spillover jobs and business opportunities tied to Esso Resources heavy oil plans.
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