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THE OSHAWA TIMES, Wednesdey, October 18, 1967 Bank Loss Seen Heavy TORONTO (CP)--The Bank/| of Montreal, major secured creditor of bankrupt Anglin- Norcross Corp. Ltd. of Mont- real, will probably lose millions of dollars despite its debentures security of $7,500,000, a Toronto lawyer said Monday. Lioyd Houlden told about 75 unsecured creditors of Univer- sal Plumbing and Heating 1961 Ltd., a bankrupt Anglin-Nor- cross subsidiary, their principal hope of collection is mechanics liens for work or material sup- plied for various jobs. Universal Plumbing followed Anglin-Norcross into bankrupt- cy, owing $1,884,665 to unse- cured creditors. The company has no assets other than a bad debt of the parent company for $1,905,038. Like the other three bankrupt Toronto subsidiaries of Anglin - Norcross -- Universal Sheet Metals Ltd., Anglin - Norcross Ontario Ltd. and Anglin - Nor- cross Western -- Universal Plumbing's income consisted of a $500-a-year service fee for acting as the parent's agent Executive salaries were paid by the parent company. Mr. Houlden was asked by a creditor if any effort was made by Universal! Plumbing to inform creditors of its role as agent. He said it was not done and the company was an agent with an undisclosed principal. Ian Dewar, president of : Youths' 'Cushion Foot' CREW SOCKS Misses Women's CAMPUS HOSE Men's @" i EXECUTIVE HOSE 4 WORK SOCKS Coup: With MONTREAL (CP 'bearded Yugosi sailed an unusual Expo 67's marina N a whale of a tale t an 8,000-mile sea \ started more than a Vancouver. With Mario Lovr the storm-and poli trip was his petite, wife Freda, 36, ori; Shelbourne, N.S., | very first venture « seas. Bent double insid low cockpit of the three-hulled trimar they talked exci jousts with 65-1 gales off the coast and six suspense-fil dank dungeons of | tro's jails. And of their plan to the home in Oa they haven't se years. "We left Vane months and 17 days Mario, "on Sept. 7, exact, and took thi: down the Pacific Co Mi : Dewar Insulations Ltd. of Worcaih gud Oat of five fhepec: Reg. K mart Price 53¢ Reg. K mart Price 73¢ Reg. K mart Price 1.33 Reg. K mart Price 73¢ POSE ; tors elected by the creditors to : ' Discount rs. "pane od represent them, said at least 50 Discount prs. 83' Discount 57* Special ¢ Discount P for home, garde suppliers and _ subcontractors Special Special Special chs ees hci will go bankrupt as a result of Thurs. Pri, Sat. Thurs, Fri. Sat. e the Anglin - Norcross collapse. Thurs. Fri. Set. Thurs. Fri, Sat. Streteh erow sine Solid color, 1 streteh nylon, Creditors meetings will be ide range of colors. One size Available In_e wide range of high hose th Black 00% 1 its 8 to 10%. colors, Sizes 7toBis, anddtoll. foal, Fown oF Navy. har: i 1 a Wore Nose 10 gize FO held today for Anglin-Norcross Western and Anglin-Norcross GARDEN CENTRE Ontario Ltd. Creditors of Ang- ' lin-Norcross Corp. meet next Men s Nylon 0 bh {) 0 Call or Visit Us Fir Monday in Montreal. r n y ven sens ' SKI JACKET aeons | 1 p 0 JOHN BRC GARDEN C Peace Fight This handsome, 28" quilted Reg. K mart Price 10.87 2 miles west « Ries "iene thea ; dt 100% Dupont nylon fabric; Discount Special een Long sats' dafetis sh ie tes fs ----o sistant! Styled with zipper s ie a RUND front, slash pockets and a \ " By HAROLD MORRISON button down, roll away hood. \Y Simulated Spotted GARDEN CEN' Canadian Press Staff Writer nd Mallard Blue. Sizes = "Everything | for E Ti Despite all the current diplo matic hustling, British experts anticipate it will be a long, hard struggle to bring peace to the and Mallard Blue, Sizes *M-L-XL. Thurs. Fri, Sat. Boys' Nylon SEAL JACKET TILIZE. Complete fewn end garde 1015 King St. £ APPLIANCE REPAI! Middle East and a negotiated --S Comp. at 39,95 settlement between Israel and SKI JACKETS Fd i . WARNER W her Arab neighbors. i ere e SERVICE C The optimistic element is the ' iS 4 i ' yy : es j pecia ho! , growing sense of realism ran warm, jgiullted nylon shi Reg. K mart Price 8.87 eo Tan Loe ae he ECE 2 --_ fh ti i ' fo. \ ge} ec eek: og 0 To oth sides. Israel is well aware collar, full zipper front, cord Discount Specia nas 17 Be 4 Bt. € that she cannot continue to hold tie, slash pockets and full STAGE COACH POWER STEER Miss O'CEDAR FUNNY BEND For winter long warmth, and special occasion stylin 37 Stotlon Pi the -- a won in the June Bleck, Burgundy, Royal, K a4 SARE best, thie simulated seal fur jacket a re an Rivage and infitretec and wosing Weve' wm Sao e ATTACK GAME TRUCKS TOY BROOM PEOPLE Teahabi Tat nn ocige a Bean or the need for extensive security urs. Fi. Sat Special Discount J] -- Special Diseount = -7'7]' --Spociat Discount = J] = SpecialDiscomt = 77 te 7 comate The Suez Canal fn the past Plastic Cowboys, Indians Assorted plastic trucks, 33" wooden handle with Bend and pose their arms ° @ VENETIAN has been Egyptian President @hd Horses. bristle head. and legs. a oe pers card be- ji George M cause shippers needed it so 66 Bend %. W. badly he always could bargain DISNEY ICE CREAM TRUCK i TOON-A-VISION TOY 7 ¢ BINGO BED ¢ ; DING SUPPLI ce to block 'rans- Special Discount Special Discount 7 ' Special Di t 7] SAWDC But British shippers maintain : : Nasser has overplayed his hand. POP & POSE DISNEY BOX OF 3 VEHICLES ~ MODELLING CEAY SET 71' BUILDING They have been hurt by the FIGURES T]$ _ srecaltscomt 775 Specia discount sink eto our-month canal closure since ., 7 } the war, but not critically. Ship- Special Discount Wook and Ladder, Squad Car & Station TOY SQUEEZE MOP ¢ Lotdicahaasliers ping rates increased but lately Mickey Mouse, Donald Duck, Piuto & Goofy, Wagon and more to choose from! Special Discount 7] Phone 668 have fallen back due to the pro- . SUILBING CONTRA duction of huge tankers which DISNEY KOOKY KAMPER mg SLATE & PEG BOARD ik TOY DUST MOP ¢ carry loads six or seven times Special Discount Special Discount Special Discount 7] ponte co og Residential, Indust mercial Building C JERRY BOS the capacity of average ships. LOSES NEEDED CASH Meanwhile, Nasser continues to lose needed canal revenue, 59 Wi although Arab oil states are se pledged to make good the losses. These and other factors may Buying -- Se Renting -- have tended to moderate the tat otatatatatatatatatatatatatataha Egyptian position to the point z where talks now are under way Complete 'Royal' of Times A with both Britain and the United WANT Bates, ne POOL TABLE SET Yi srael, however, has sai i 3 ! Comp. at'179.95 Discount Special CKEINET MARERS avors direct talks with Nasser or with other Arab leaders that COTTAGE OWNER Complete outfit includes could lead to recognition of the Mens' b: ; Israeli state and a bilateral set- Acrylic CA IGANS = ' e \0 Tevellers, Naitiachen a a Bere ona ina tlement of outstanding differ- y t : bg : , : oe " Soran tianoearachine KITCHEN C Eeeiien ats cAulninenE de Reg. K mart Price 4.97 hae ee : x i with ball returns: RH. CABIN ne a or 2 sete - J ie ie wii tna Se he BABY PEE WEE 10 PINPEE WEE 16" SUSIE BAGATTELE lac To i tions 1as_~=--sébeen - viewe i! Ae aban Shanty a tea boa ee eae DOLL BOWLING RAG DOLL GAME TABLE COVE ee pee sell from new Fall shades: r TI' 71° 71° ¢ R Thurs. i QUALITY <¢ t of United } p s } ) * . * . * " 5 5 . are against the Jewish state. Laden and Brawn mixes. * Special Discount Special Discount Special Discount Special Discount 7] Comp. at 2.97 Discount Special__Frt-Set CABIN British policy is to get UN| 4" vinyl doll in a range of Plastic pins with two balls, | Has cotton stuffed body. 2 kinds... Space Race or Reversible quilted card table REE esvil support for two principles: Is- Thurs, Fri, Sat. costumes. Safari, cover protects your table and All Work Gus rael's withdrawal to her old bor- Hines AACE AY AUD BOP @ GLANZER C ders and Arab recognition of the At K , L 345 French St. Israeli state mart s Ww Tek as : " COMPLETE FAMILY SHOE DEPARTMENT exEAVATINE-- pl simultaneously, officials Discount Prices said. There would be no ques- Children's 668-3566 tion of getting Israel to with- 0 : PR gtk draw first in return for some ver-the-Shoe Sewers & Water. vague promise of recognition Septic Tanks ue STRAPPER BOOTS ceo iH oie . fl Reg. K mart Price 2. ieview THAIS AVOID CITIES 4 "i gps oalaassiseid Although Thailand has a pop- ulation of 30,000,000 only stx towns have a_ population of more than 20,000. no "COMPLETE JANI Offices -- Store Book now for the Cleaning Season. Orion KNITTED TOQUES Discount Special 1 ue @ Available in Brown only. RARARRARARRAARRAARRRARAARAR - : Reg. K mart Price 2.87 Infants Sizes 6-12. Childs BOWMA} OLD WORLD TRADITION iogtse neo Celie nu a" YELEANING. patterns, vailable in Discount 27 M ', & ' 623-35 Eoiotivonssseiont SPecial Mg 20 oz. Paramette 14 oz. Pkg. of 10 i K hy WATER TUPELY -- Thurs, Fri, Sat. VITAMIN SYRUP CEPACOL CONTAC-C AGAROL nee SEAWAY Mens' DRESS GLOVES p. at 5.55 Antibacterial mouthwash, Comp. at 1.35 Comp. at 1.45 | SUPPLY S K mart Comp. at 1.40 K mart K mart peel Fen ives 08 pares Medley A ' " ma : daily -- 7 do Reg. K mart Price 1.37 oi 2.59 K mart Discount % Discount 93° Discount Mens 2.77 e Reasonable i none Discount Special Special Special om Bickerk I dress gloveshave Di t : ? Call Pickering | ee Ai dyomtinigntestc, Sig aie wt te Boys 2.22 i nntte erie ptm ES 4 General Office Re Club Bulletins @ Gesteliner Bulletir NEW WORLD PERFECTION ae Call 728 EERE