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MONTREAL CP To the people of Temiscaming Que and Peterborough Ont millionaire businessman Joe Mason is kind of savior An offbeat savior mind you considering he drives 1954 Chevrolet lifts weights relaxes with transcendental meditation and plays piano for 30 minutes day Every morning at oclock he throws five briefcases in the back seat of his Chevy and heads to work His business saving companies especially moneylosing ones owned by foreign interests who are ready to throw in the towel and put Canadians out of work In the last few years the 42yearold Mason has helped save 900 jobs in Quebec and Ontario The first rescue mission in 1972 brought him and friend George Petty together to tackle the seemingly surmountable task of saving the 430 jobs at the Canadian International Paper Co Ltd mill in Temiscaming CIP New Yorkbased multinational had decided to close the aging pulp mill the only major industry in the northern Ontario town Mason and Petty convinced the workers to help them buy the plant In their first year of operation Tembec Forest business From Temiscamin to Peterborou Mason Saving Canadian iobs Products Ltd turned pretax profit of $15 million More important to the workers their jobs were saved they had shares in prospering company and their town had future BOUGHT SAW FIRM Two years ago Outboard Marine Corp of Waukegan Ill decided to close its Canadian chainsaw division in Peteborough Hugh Faulkner then the regions MP had an aide comb the country for an investor to save the company and 400 jobs Enter Joe Mason year later Pioneer Chain Saw Corp was formed and 340 jobs saved Mason and his holding company were 51percent owners the workers held 24 per cent and the federal government 25 per cent Last month AB Electrolux of Sweden offered to buy 50 per cent of the shares including one third of the 256000 shares held by the workers at handsome profit If the deal is approved by the Foreign Investment Review Agency the 160 workershareholders will be paid $1635 for each share they originally bought for 50 cents Mason will make $115 million not bad for rescue mis Sion Now hes negotiating for the purchase of the Prestolite of Canada plant in Samia Ont When that deal is finalized 140 workers will own 24 per cent Mason and management group 51 per cent and outside investors 25 per cent HAS THE ENERGY Mason is Scot from Edinburgh His colleagues say he has charisma and boundless energy But he considers himself largely middle man selling potential investors on worker participation as means of saving firms In both the Tembec and Pioneer situations Mason and his investment group helped out with managerial and marketing skills But he wont get involved unless the workers come in financially His theory is that good management is delegated manage ment Both Tembec and Pioneer have system of com mittee rule where investor and worker representatives team up to make decisions It takes management out of the role of being the initiator of action and unions out of the role of being the reactor to the initiated action says Mason And its formula that works Engineers build car Three telephone engineers from ipswich England at work on their economy vehicle They are left to right Alan Smith Christopher Baldry and Philip Riches and are working on the vehicle at Philips home Saturday The three wheel car has 50cc BC goes full speed mannamu engine lawn mower starter and 20 metres of alloy tube They hope to reach 26 miles per hour with it and return around 1000 miles to gallon of gasoline AP Photo ahead in mining industry VANCOUVER CP Its full speed ahead for British Co lumbias mining industry for the remainder of 1979 with good prospects for 1980 as well Thats the word from in dustry leaders as geologists scramble across the provinces mountain ranges and economists study reports on production costs and metal prices In one word its up said Rick Higgs manager of the BC and Yukon Chamber of Mines Theres already 20per cent increase this year in the number of major mining com panies searching for minerals And the number and scope of junior company projects being publicly financed through the Vancouver Stock Exchange is most encouraging recent chamber survey shows that record $618 mil lion will be spent on exploration in the province this year com pared with $43 million in 1978 Spending on hardrock ex ploration including precious metals base metals and ma nium are estimated to reach $427 million up 649 per cent from 1978 Higgs said Coal exploration expenditures are expected to reach $191 million up 117 per cent from last year Release of provincial report on geochemical data from pros pective mineral deposits sparked flurry of exploration and claim staking much if it in the TerraceStewart area of northwestern BC New and earlier exploration has caused the number of claims staked in BC to in crease by 375 per cent in the period from Jan to May 31 over the same period last year New index should increase Canadian sales everywhere OTTAWA tCP new gov ernmentoperated index of nadian companies and their products to begin operation this fall should help increase sales in Canada and abroad The Business Opportunities Sourcing System will replace cumbersome 12volume list of Canadian companies that offi cials say was difficult to keep up to date and didnt provide enough details The system combines com puter storage of basic infonna tion on more than 12000 Cana dian companies with microfilm copies of standard forms com pleted by each firm The forms say what they can produce and where they can supply it The microfilm records of nadian businesses will be avail able in 89 trade offices in 67 countries to help promote Cana dian products Those same records com bined with computerfiling system will be available through 11 regional offices of the federal department of in dustry trade and commerce as well as through provincial in dustry departments COMBINES INFORMATION John Guminski directorgen eral of finance and adminis tration for the federal depart ment said the new system combines information held by federal and provincial govern ments Up to now there has not been such widespread access to the information The system will cost about $250000 the same as the exist ing directories It will be more detailed more current and will eliminate du plicate files held by federal and provincial governments It means that if for example Montreal office desk manu facturer was looking for sup plier of drawer handles he could go to federal or provin cial office to check the di rectory list of potential suppliers would be provided and the man ufacturer could the get in touch with each one for bids Foreign trade offices could supply the same information to companies in the countries where they are located The system might also be used to tell foreign trade missions vis iting Canada where they might find the products they are seek ing There were 14800 claims staked compared with 10765 FORECAST SPENDING Spending on uranium explor ation is forecast at $65 million in 1979 the first year the cham ber has surveyed uranium ex ploration spending intentions However it has estimated that $6 million to $8 million was spent in 1978 This compares with an esti mated $70 million to $100 mil lion spent in Saskatchewan for uranium exploration last year There has also been swift ex pansion of existing mines be cause of increased metal prices Teck Corp is spending $150 million on development of its Highmont property in the BC interior which will create 500 new construction jobs and 400 permanent jobs when the mine comes on stream in 1981 Climax Molybdenum Corp at Alice Arm BC south of Stewart is spending $143 million to double its milling capacity to 12000 tons day employing 300 construction workers About 450 fulltime employees will be on staff when the project is completed in mid 1981 World interest in buying gold which topped $305 US pound recently has BCs gold pro ducers busier than they have been for years BCs two producing gold mines NuEnergy Develop ment Ltd at Cassiar in north ern BC and Northair Mines at Stewart will be joined soon by third Carolin Mines which has completed feasibility studies on its Hope BC prop erty about 140 kilometres east of Vancouver Other mine proposals have been prompted by improved metal prices Clark last chance to cut bureaucracy economist claims VANCOUVER CP When Joe Clarks Progressive Con servatives squeaked into power in May many Canadians be lieved they finally had gov ernment ready to take mach ete to the federal bureaucratic jungle But Dr Michael Walker di rector of the Fraser Institute economic research organization says Clark may have already lost his chance by not acting quickly to trim the bureaucracy Any selfrespecting bureau crat can make himself absolt lutely indispensible in two months and the government has in fact given the senior bureaucracy an opportunity to make itself indispensible Walker said in recent in terview The economist former civil servant who left Ottawa several years ago said the only choice now open to the government would be to tell senior officials that their jobs are on the line if they fail to come through with staff and budget cuts Those tough words are typical of the Newfoundland born Walker whose fouryears old institute has adopted and nurtured the cause of leSs goVernment involvement in the economy The governmental process has become selfserving proc ess bureaucracy which is briefs TORONTO CP Eaton Bay Financial Services has ex panded its operations to include LePage Ltd real estate services in major Hudsons Bay Co and Eatons stores across Canada EatonBay financial holding company also deals in insurance mutual funds and trust company services SEEKS SHARES TORONTO CP Canwirco Inc subsidiary of Canada Wire and Cable Co Ltd has announced its intention to ac quire the shares of Fabricon Manufacturing Ltd from Felten and Guilleaume Carlswerk Aktiengesellschaft of Cologne West Germany Canwirco said Fabricons wire and cable manufacturing operations would continue in Belleville Ont RAISES COST OF CARS DETROIT AP Airbags could add $825 to the cost of 1982 fullsized Ford cars sold in the United States says Ford Motor Co four times the federal governments highest estimate Regulations require airbags or automatic seat belts on full sized cars in the 1982 model year midsized cars in 1983 and all cars in 1984 BANKER APPOINTED MONTREAL CP The Bank of Montreal announced Diesday that William Mul holland its president and chief executive officer was named vicechairman of the super visory board of Allgemeine Deutsche CreditAnstalt of Frankfurt at the German banks annual meeting this week The Bank of Montreal recently acquired 251per cent interest in Deutsche Credit from Norddeutsche Lanlt desbank of Hannover West Germany ANNOUNCESSAIE LONDON Reuteri Brit ains giant EMI Group an nounced Tuesday it was selling half its worldwide music and record business to Paramount Pictures for $150 million EMI has record companies in 33 countries with duplicating plants recording studios musm publishing companies and distribution networks EMI owns Capitol Records in the US more concerned with its own perpetuation than the pursuit of the public good he said In 1975 group of business leaders provided the funds to set up the institute in Van couver Back then recalls Walker the institute was called extremist because its went against the popular notion that government should take strong hand in the economy UNDERSTAND FORCES would rather look at the Fraser Institute not as being leftwing or rightwing but as being an institute which is en deavoring to find out the eco nomic forces that are at work he said But economics by its nature is science of dealing with scarcity So it isnt surprising that in most cases the con lusions you come up with are not going to be very sympa thetic to the leftlib kind of atti tudc Thats the hallmark of our stuff We dont take position unless its based on sound prin ciple and body of wellac cepted evidence The institute has won wide aCCeptance boasting 320 corpo rate and individual members and 16 published books read in 40 countries including three bestsellers and some that have become required reading in several North American universities Fraser has acquired an ever expanding board of directors that now includes two Nobel Prize laureates economists Milton Friedman and FAHayek Walker said his views have been influenced by his up bringing in economicallyde pressed Corner Brook Nfld The history of government involvement in industrial development in the Maritimes is the history in my view of artificiallycreated bonanzas and terrible suffering and misery when theyre with drawn As had little more ex perience and got feel for how the world really works it is clear to me that the solutions that are proposed that look like theyre doing people good right now are very often the things that do the most evil in the long run Another look International finance backing governments the examiner Frlday July 27 1979 Hh blIlti Joe Mason 42 has made business of bailing out businesses in trouble thereby saving lobs Although hes made money at It he still drives 1954 Chevrolet and he believes that unions are the constructive force in the in dustrial relations setting CP Photo GM makes $1 79 billion in record second quarter DETROIT AP General Motors Corp the worlds larg est automaker reported Wednesday record second quarter earnings of $119 billion The earnings represented $413 share They were 74 per cent higher than the previous secondquarter record $111 billion or $386 share set in 1978 Sales were $19 billion record for any quarter and 11 per cent above the $17 billion of the comparable 1978 quarter Sales of cars trucks and buses around the world totalled 267 million another quarterly record and per cent more than 265 million in the same quarter last year Although record the profits were below estimates by some Wall Street analysts of about $450 per share GM was the third of the four LSowned auto companies to report secondquarter results On Tuesday Ford Motor Co said its profits fell 52 per cent to $512 million smaller drop than analysts had expected Earlier American Motors Corp reported quintupling of quarterly profits to $15 million for the three months which form the third quarter of its fiscal year EARNED RECORD SUM For the first half GM earned record $244 billion or $852 share 24 per cent more than the $197 billion or $689 share earned in the first six months of 1978 Firsthalf sales were record $369 billion 16 per cent ahead of the $319 billion recorded in the first six months of 1978 GM said the profit margin on sales was 63 per cent in the quarter down from seven per cent in the first quarter and 65 per cent in the second quarter last year Also firsthalf profits would have been $152 billion or $530 per share in dollars of 1973 purchasing power six per cent below the 1973 figures of $161 billion or $562 per share standard financial calcu lation showed that GM earned return on its average assets in the second quarter that would amount to 148 per cent if con tinued for year In 1978s sec ond quarter the figure was 16 per cent the average total in vestment of the stockholders GM earned return in the sec ond quarter that would amount to 275 per cent over year In the 1978 quarter the com parable figure was 293 per cent By DOUGLAS EENWOOD Let me try to explain briefly how the invisible govern ment of the world works Most persons dont even realize there is in fact small group who for all intents and pur poses have control of the world already This group wants to see world government as it is called not Canada not the USA not the UI not Russia not China the whole world is what they are after With the same laws applicable everywhere And these laws would be those of the oneworlders who wouldnt care one bit about preserving freedom or human rights as it is now fashionably called It would be case of toetheline tote this and that go here or there live here or die here do exactly as youre told or else Communism at its worst In other words world of slavedom for all except the slavemasters and their deputies If youre still with me you might have begun to wonder whether youve been conned into reading some piece of sciencefiction horror under the guise of businesspage col umn And have to agree it does sound utterly crazy And that of course is because those who are planning this sort of world are indeed crazy In brilliant sort of way They know exactly what theyre doing and do it anyway And its been going on for hundreds of years You might yawn Well its taking them long enough wake me up when it happens All right think youd better start to awake because it really is happening right now And the only reason its taken so long is that the western peoples have an inherited and deep understanding of political and religous freedom That and the fact that now and again democracies are able to vote chance of those who govern them This doesnt mean the oneworlders can be stopped But what can be done is slow the rush to enslave us all by forcing various politicians to look out for their own skins They have to go little bit easy on the sort of laws they enact and control they impose Otherwise they get thrown out at the next election And since its through these politicos that the oneworlders work this in turn slows their plans Heres how they do it This powerful group has control of international finance through the various international banks They decide who will and who will not get money or credit Take Mrs Thatcher the UKs recently elected Con servative prime minister or Joe Clark Suppose either one of them proposed to go against something the oneworlders want or alternatively do what they dont want Suppose Mrs Thatcher decided to give out continuous information that would reveal the power of the invisible government so that everybody would soon begin to know what was really going on Supposing new US president thought hed speak out in the same manner or refuse to trade with Communists or recognize their governments or stop sanctions for Rhodesia or pull out of the United Nations What would happen is that whichever leader tried to do such things that would expose the Internationalists plans or prevent an eventual world takeover that leader would be quietly told that no more money or credit would be made available to their respective countries This would soon br ing about total financial chaos in those countries for which the president or prime minister would be blamed along with their parties Even the mighty USA would be temporarily affected long enough for the leaders to lose their positions by being voted out by ironically an electorate that would not understand what was really going on Occasionally the oneworlders go too far themselves theyve slipped with President Carter for example They got him elect to do their bidding but he will be thrown out because its been done too fast So it all sounds crazy agree But youd better believe its what really is going on