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i a a i a ld Jap Group Seeks | iPetroleum In West TOKYO (Reuters)--The board) When it arrives, Japex will sign| Japex will supply funds total- of directors of the Japan Pe-|another copy and send it to} ling $3,750,000 for the joint proj- troleum Exploration Company Canada. jects and also provide Pinnacle Ltd. (Japex) has approved an| The agreement, which is sub-|Petroleum with funds up to agreement with Pinnacle Petro-|ject to approval by the Japan-| $1,250,000 through the acquisi- leums Ltd. of Calgary for thejese government, authorizes Ja-|tion of stocks and undertaking joint development of petroleum|pex to acquire 863,000 of the/of financial obligations. resources in Canada, it was an-|1,725,000 voting shares of the wry, SHARE MONEY nounced here today. |Canadian firm, The agreement also stipulates , of the contract The agreement, also provides'that Japex and Pinnacle should signed by the Canadian fir m/for the-conclusion of a pact be-|share We funds for joimt pre} June 22 is on its way to Japan, 'tween the two firms for joint)ects in the ratio of 75 per cent a company spokesman sai d.'projects. Dodgers Pitcher Pinnacle, the spokesman said. ewer Pinnacle will become the op- eratv: vf the joint projects. The spokesman also said the shares of Pinpacle to be ac- quired by Japex would be worth about 170,000,000 yen (about! 9270,000)--at-the-a-c-g-uisttion! prices. He also said four or five rep- resentatives of Japex will visit Canada shortly to arrange se- lection of new directors by the end of August. The joint projects are also likely to be drawn up by that; time, he said. The spokesman stressed that Japex will rely upon the Cana- dians far the selection of suit- able sites in Canada for the de- velopment of petroleum re-| The spokesman denied a} for Japex and 25 per cent for|statement made by the Japan- ese ministry of international trade and industry last week that the two firms will jointly develop petroleum resources in 300 square miles of mine lots in Alberta and two other Western' provinces. y Japex is waiting for recom- mendations from Pinnacle Pe- troleums as to promising sites for development, he said. The mine lots held by the Canadian firm at present did not seem at- tractive, FUEL OIL nase Serving Oshawa -- Why Pay More .. SAVE!! ON PREMIUM QUALITY Phone 668-3341 DX FUEL O Whitpy one C 8 3 wo, i Sieeriere A myer SAVE $ $ ON AUTO INSURANCE If you are an Abstainer you save up to $22.00 on your auto insurance. "JOHN RIEGER DIAL 728-7567 Don Dyrsdale is a pitcher with Los Angeles Dodgers of the National Baseball League. (CP Photo) Planes Bomb Rail Depot | SAIGON (AP) -- Waves of). American bombers again| pounded North Viet Nam's fuel| depots Monday and for the first! time in a month struck the im- portant Yen Bay rail yards, the U.S. military command an-; nounced today. | Air force planes attacked a/ fuel storage area 63 miles north-! west of Hanoi and cattle bee' | ia navy planes hit a fuel trans-| hipment point -12 miles south of Vinh. The raids were the. second straight day of strikes at North Viet Nam's oil supplies, follow- ing three such raids last week in a new offensive to cut into} fuel reserves. | The air offensive dominated; the war. For the first time in} months, the U.S. military) spokesman reported "no con-| tact with the enemy" through-| out South Viet Nam except for) light sniper fire against U.S.) marines north of Hue. LA U Thant For Moscow Visit UNITED NATIONS (AP) -- The United Nations said Tuesday Secretary-General U Thant will) go to Moscow July 25 for al three-day visit. Thant is expected to hold private talks with high Soviet of- ficials on Viet Nam, UN peace- keeping problems and his future as secretary-general. After the visit he will decide whether he will be available for a second five-year term. The United States, Britain and France have announced their support of Thant for a second term, beginning next Nov. 3, but the Soviet Union has taken jd public position on the qyes- tion, N.Y. Newspaper Strike Settled NEW YORK (AP)--Negotia- tors for The World Journal Tribune Inc. and the striking Newspaper Guild of New York have reached 'agreement in principle," chief mediator David L. Cole said today. The agreement is subject to| ratification by the Guild's ne-| gotiating committee and the union's membership. Negotiations continued be- tween representatives of the corporation and the drivers' union. In addition, the pressmen's and the mailers' unions have not yet reached contract agree- ments with the corporation,| formed in the merger of three} newspapers. Six of the nine} ; craft unions have settled. | The World Journal Tribune! has been prevented for 66 days} from publishing any of the three new papers it plans. A spokesman for the paper said he could not estimate when the new papers will start pub-; lishing. He added that it will) be 'fas soon as possible." The papers planned are The Herald Tribune on weekday) mornings, The World Journal) on weekday afternoons and The World Journal Tribune on Sun- days. Space Trial es Said Success WASHINGTON (AP) -- Ferti-| lized frog eggs aboard the Gem- ini 8 spacecraft apparently de- veloped normally while in orbit, the National Aeronautics and| Space Administration said to-| day. The experiment was of partic-| ular interest to space scientists/ because on earth, frog eggs are| known to orient themselves with respect to gravity during their early development. The experiment was cut short, however, because Gemini 8 de- veloped electrical troubles and landed after only 10 hours in LE orbit. NASA said future experi-| ments may determine whether an egg will divide normally when fertilized in a condition of weightlessness. SOME OF THE MAJOR THIS 1S FOR YOU! Fast Service Good Food Reasonable Prices Convenient Location MRS. D. WILSON TORONTO "MRS. B. DADIES TORONTO MR. J. 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