Winnipeg Free Press Newspaper Archives May 29 1986, Page 32

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Winnipeg Free Press (Newspaper) - May 29, 1986, Winnipeg, Manitoba 14 Winnipeg free May Kennett expresses Surprise at lawsuit Ottawa up William Ken the former inspector general of says Hes surprised the Bank of Montreal is attempting to recover through the courts us million the Bank contributed to an Cess Ful bailout of the failed Canadian commercial the Bank filed suit in Toronto april asking the Federal court of Canada for damages against Ken Nett and the the statement of claim asks for special damages of plus interest on that court costs and any fur ther Relief As this honorable court May deem Kennett was the country top banking regulator when the bailout attempt was made in March 1965 and he was instrumental in negotiations with Canadas six largest which eventually agreed to contrite Ute a total of million to the when the Edmonton based Bank failed the Federal government announced it would compensate All uninsured depositors but would not include the six major Banks in the repayment the Banks have protested this decision by eth publicly and privately to the government and some have said they were looking into the possibility of Legal action but the Bank of Montreal is the first to actually take the matter to it the Bank of Montreal is the Only Bank that took such Kennett said yesterday from his Home in it was a consider Able the suit is not against me As a private Kennett its against William inspector general of and the asked Why the Bank of Montreal would specifically name him in its Kennett speculated that be cause in a Central figure in the whole they have chosen to name at the heart of the matter is the final agreement the six Banks signed with the Federal government in april which states that their contribution of pm million would rank equally with uninsured depositors in the event that the Canadian com Mercial Bank the Banks feel that clause imposes if not a obligation on the Federal government to refund their Junior finance minister Barbara who is responsible for the country financial has said in the past her Legal advice indicates there is no Legal obligation on the part of the Federal firing inquiry told up Canadian National railways Engineer Jack Hudson was on the Brink of being fired in june a Federal inquiry into last february train crash near was told Engineer of a car freight train that sped past a Stop signal and crashed into a via rail passenger train was one of 23 people killed in the Al cars assistant superintendent in told the hearing that supervisors went out of their Way to help a Railroad keep his any human being who drinks As much As Hudson admitted to me that he drank be in the Best state of Wagner told the the headed by jus Tice Rene Foisy of Alberta court of Queens was told Hudson had accumulated 50 Demerit Points As a result of work in june he was Only 10 Points shy of automatic but commission lawyer Rod Mclennan suggested that Public safety might be compromised by the cars for the personal problems of longtime Forest fire still a contained a massive Forest fire near red probably wont be contained for another an Ontario natural resources ministry spokes Man said last its not getting any Bob Thomas even with a few Breaks in the till take about another week to 10 Days until we can say the fire is being he said about 250 firefighters and two water bombers were battling the which has raged since last week and has reached a perimeter of about 200 he added the which has consumed about 500 is still about 40 kilo metres Northwest of red Lake and is headed in an Easterly nine fires including one burning out of control near is land Lake continue to rage in a natural resources department spokesman fire management officer Bill Shi Pley said firefighters extinguished three fires but four new ones were he noted no communities were threatened by the he said about 100 firefighters were battling the fire near Island that fire is not raging out of con we just dont have a grip on it he former Liberal minister fired Ottawa up prime minister Mulroney has fired Barney a former Liberal defence minister As Consul general in Danson confirmed in an interview from Boston yesterday that external affairs told him several months ago his posting had been without giving a which pays Between and a is made at the discretion of the prime the Job is normally for four but Danson has Only served two a Mulroney aide did not give a reason for the but said it was a Friendly of the but Danson insisted in a later interview that he was fired because i had no intention of what to look for in a the Way a paint goes on tells a lot about the Quality of the if it splat ters As its rolled the paint is of less Quality and leaves bubbles or craters when applied to the this Means an uneven application and the possibility that Chipping or peeling will it also Means a difficult Job Tor in Independent Paras top line velvet and eggshell paints were put up against comparable paints from six leading in splatter Para per formed better than Glidden and and As Well As Benjamin in each Para per formed As Well As or better than the splatter its one reason the professionals paint with now its one reason you Index Trident conduced by the retail research Nadj Para faints 179i Inni Vav j1 j o r Check the Safeway flyer mailed to you this week for More u unbeatable Overall w prices Safeway Imperial Margarine Safeway ice milk bars party Vanilla v my i irn n ill Lull Safeway mini pops v i Inifi m Safeway country style waffles Frozen save on red River sex Advance tickets and Conklin ride coupons at All Canada Safeway stores in Carman and Selkirk until closing june one More reason Safeway is Winnipeg Favourite food Safeway Advance ticket prices fete cmdr i Unfer 14 Gate tickets adults Conklin we regular prices 150 44 10128 10 coupons w a a prices effective at All Winnipeg and Selkirk Safeway stores until close of business May we bag your nobody but nobody has lower

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