Winnipeg Free Press Newspaper Archives May 1 1990, Page 18

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Winnipeg Free Press (Newspaper) - May 1, 1990, Winnipeg, Manitoba Arif monthly rates subject to certain twin mums Call 7664040 for details Winnipeg free press May pages 1726 Philip business editor Pixel into we but Gas Sale delays feared threatening supplies by Murray Mcneill work is expected underway this summer on a expansion of the Manitoba portion of Tran Canada pipelines Natu ral Gas pipeline the com pants president and chief executive officer said in Winnipeg Gerald Maier said the expansion work will create about 200 Man years of employment for Manito Bas construction and is part of a expansion program being carried out this year along the company Canadian the expansion will enable trans Canada to deliver an extra 500 million cubic feet of natural Gas per Day to its customers in Eastern Canada and the United Maier told the shareholders meet Maier also told shareholders that Canadas future supplies of natural Gas could be threatened by at tempts to delay Tran Canadas multimillion expansion which got underway last one of the purposes of the expansion program is to enable Western Canadian natural Gas producers to Export More natural Gas to the United taking actions Maier said Many Ca Nadian Gas particularly Large Industrial Gas have been taking whether or not by that would frustrate new Gas exports and shut in Canadian he said these Canadian users object to the traditional called rolled in now used to help offset the costs associated with expanding Tran Canadas pipeline network to allow for increased Gas under the rolled in tolling meth the Cost would be spread evenly among All the companies that use the pipelines to Send Gas to some Ontario Consumers and one Winnipeg shareholder who attended yesterdays meeting George Finkel say they fear producers will pass those costs on to Canadian Consumers through higher Maier said he doubts increased tolls would result in higher costs to he said its More Likely be absorbed by producers trying to maintain competitive he conceded that Canadian Gas users stand to Benefit in the Short term from any delays in the approval of further Gas exports be cause the result would be a glut of Canadian Gas supplies and continued downward pressure on Gas discourage exploration in the Long term this is a scenario in which everyone he by denying producers Market by restricting and by keeping Gas prices Gas users will discourage exploration and ultimately create an artificial shortage of he delaying or obstructing new Gas sales and expansion eliminates the Broad economic benefits to canadians and would be a negative for an Industry already he in the Long term it would damage the Security of Supply for All Canadian Energy during a news conference follow ing the Maier attempted to downplay the significance of his earlier comments about the threat to Canadas future supplies of Natu ral although the Federal court of Canada ruled in february that the National Energy Board must study rolled in tolling at its Maier told reporters Hes confident there wont be any major changes made to the existing Rollin toll ing he said he Only raised the Issue at the meeting because it has gained a lot of headlines in the and he wanted the company share holders to be aware of tips views on the with respect to the company current expansion which is its largest in three Maier told reporters that the work to be carried out in Manitoba this year includes laying Down new pipelines along the same right of Way where its existing pipelines Are As Well As upgrading the output of some of its compression stations in the program approved he said the pipeline construction work should be completed by late while the station upgrading should be completed by the Middle of next he said the company 1990 expansion program has already been approved by the although that approval was contingent upon certain conditions being Maier said top is now in the process of meeting those in addition to the million Worth of construction planned for this top also has applied for neb approval of another billion Worth of expansion work for 1991 and Maier although he did not elaborate on How much of that work will be carried out in another spokesman for the company said in March that the firm expects to spend another million in the province next creating an and Gerald Maier top to Lay Down new pipelines this summer in Dit ional 310 Man years of work for the local construction on the subject of the company recent financial shareholders were told yesterday that Tran Canada recorded a sub Stantial increase in net earnings last net income from continuing operations was or cents per in com pared to or 24 cents per in As net income from continuing operations was higher during the first Quarter of the current fiscal year than during the same period last year or 32 cents per compared to or 22 cents per a year although Tran Canada is not a Manitoba based company its head office is in Toronto but the company plans to move it to Calgary this its shareholders met in Winnipeg because the company has adopted a practice in recent years of holding its annual meetings in a variety of Canadian rather than in the same Centre each be club Belge you Are cordially invited to attend the annual general meeting of the shareholders of be club beige at the 407 Provencher Boulevard on May resume of the past 6 months election of notice of motion re election of associate members to the members running for committee Evelyn bal Tessen Gus bal Tessen Laurie Cleft in Laura Corneillie Louis Vandale Robert Demeyere Patrick Hoger Rick Knockaert Gerry Turcotte Emma Shwaykoski the meeting will be followed by the election of the polls closing at 6 local five members to be elected to the Advance poll on May from 8 to 10 local please bring your membership Secretary com chef in touch with paying Bills Why people Are showing More interest in a Montreal Trust gig land 2year terms minimum Deposit interest paid rate to change without Montreal Trust member Canada Deposit insurance corporation Portage Winnipeg 9430451 with every new week there seems to be More evidence that the future really is predictions by futurists and scientists of technological innovations that will become commonplace Are coming True at increasingly More rapid one of the disappointing aspects of it All sidestepping for the threat to jobs inherent in the is that much of the innovation is happening in and for the business world and much of that in the Finan Cial services sector that is to Aid the movement and manipulation of com chef services the Winni Peg based computerized payroll ser is Active in various aspects of the trend towards computerized Fin Ancial services from the the company latest Success is hooking up with the Canadian Impe rial Bank of Commerce in to offer the Banks account holders a Bill paying service using a regular a com chef division called touch pay Bill payment service has been marketing its Home Bill payment and banking service system across the country for about a the Deal with the Cibic in London is a oneyear Pilot project that Proba Bly will be rolled into a National service with a five year commit Randy touch pays manager of corporate says that there is growing Competition among the Canadian Banks for this Type of service and if Market re search proves Correct the Cibic con tract could mean revenues of be tween to touch pay within a couple of voice response Telephone banking has been very popular in the and the and com chef officials Are anticipating it will catch on in Canada As with a National telecommunications network Al ready in place to handle the payroll the company is positioned Well to be one of the providers of the last year touch pay was picked up by a Montre Alarea videotex sys tem that provides subscribers with several data services As Well As other interactive services like touch pay is also negotiating with several other National organizations to use their the company derives its Revenue either from a transaction fee or monthly service Martin Cash the touch pay association with the c1bc will be another experience that com chef can use if it is Success Ful in its standing application for a Bank or Trust company Odd the Parade of Eastern and West Ern retail and restaurant chains continue to shoulder their Way into the already tight Winnipeg in Many cases the thinking from the franchisors part is that they Are doing very Well in Southern Ontario or the Vancouver barely Able to keep up with the demand in and figure that they will tap a wait ing demand in other but the Prairies is not the Golden nor is it the West and the expanding retailers will see reluctant Tough Competition and Smallan getting smaller margins in the Winnipeg Market and elsewhere in the mid Gerry free press Randy Williams voice response Telephone but at the same there is an undeniable trend towards an in creasing amount of a family weekly food Dollar going to the convenience of takeout or Home delivery of fast the latest about to expand into Winnipeg is the Toronto based Origi Nal panzarotto that features a deep Fried version of a called a that has the dough folded to Date the 14yearold Chain has 25 franchises in the Toronto it stresses High traffic locations who Doest but it has gone so far As to place seven stores on Yonge Street in the Busy traditional main with some outlets As Small As 340 Square the chains 33yearold Joe son of the is smart enough to insist that the franchisee operates the restaurant As a one of the conditions of Schiavone says he is talking to a few people to sell area once again he figures local More familar with the Market and the Lay of the land in terms of Are better suited to getting the stores where they should although a Deal has not yet been he figures there will be stores in Winnipeg within three to four Odd there will be seminars this month in Winnipeg covering a couple of the More popular subjects doing Busi Ness in the soviet Union and handling the goods and services the mennonite economic development which has its world Headquarters in will Host its Manitoba chapter meet ing later this with the Faith and the organization and its members have been some of the More Active play ers in the recent opening of markets in the soviet Union and hosted a conference for Christian entrepreneurs in Kiev earlier this another held by the Toronto based Livingston customs will discuss ways for Cana Dian companies to maximize the benefits of the free Trade agree ment and minimize the effects of the get As they relate to Small business

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