The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

In Hamilton steel mill Expansionmeeting the examiner Friday April 1m 13 olitical economic need says president of companys lOM project Keys turned over George Dangerfield centre accepts the key to the Barrie Indoor Tennis Courts owned and operated by the Pratt family since 1976 Don Pratt right and his brother Bill built the facility in Oc tober 1976 Sid Dickinson left is member of group of businessmen who purchased the courts The facility will be renamed The Barrie Racquets Club Plans to expand the facility have already At Royal insurance President speaks TORONIO iPi The new president of Royal Insurance of auada speaks the same plain language that has become characteristic of his com pany Jean Robitaille 32 is also the first anadian to become chief executive of Royal wholly owned subsidiary of London based Royal Insurance Ltd Assuming his new position Tuesday Robitaille brings to the Toronto based subsidiary years of hard work and lli novations that have resulted other among things in the plain language policies for which the $470 million aycar firm is noted Robitaille has given much of the credit for the companys success to his pridecessor Alan Horsford who returns to England as general manager of the overall group Robitaille said he wants to expand and humanize thosi tiiisurancei services for loc Public making policies more easily understood by the aver age person Born and educated in Mon treal Robitaille studied for his Another look Reconsider nuclear power in light of latest trouble IOlilS lltIIlIVWOOI It has happened again Oh yes its happened before in one way or another That is atomicpowered generating stations have had more than their fair share of troubles mostly in been discussed by the group Examiner Photo bachelor of arts degree while working as an office boy in woollen mill ltllNPIl TRAINIIlI After working for credit checking firm for four tillS he joined Royal as trainee Five years later he was sent as branch manager to open the companys Quebecityofficc Starting with nothing he built up staff of 200 in the Quebec capital Ile moved his family to To ronto in 1074 on being pro moch to vicerpresident of mar keting and development In shipping the daughters processing the from the nuclear power station itself the 1977 he was promoted to senior vicerprcsident of underwriting loss and claim services and in 1078 to executive vice president of insurance operations ltoyal introduced its tirst plain language home insurance policy in May ltiTi That policy took couple of years to work out using the companys own claims staff This month Royal produced plain language auto insurance policy but that has to go through the bureaucracy of the Association of Superintcnilents of Insurance radioactive wastes or storage tanks for spent fuel in the air the ground and our waters from four different types of radioactivity And from the ITS but England had real bad one Several years ago And so did anada at halk River Now another one has blown its top in Pennsylvania As means of providing cheap energy reactor is ideal And even though theres risk involved that risk should always be balanced against the risk of what serious energy shortage would do to the West and the world Also theres the ongoing risk of coal miners who have and do develop cancer of the lung and all of us could stiffer from an en vironmcnt polluted with industrial exhausts from coal and oilfired plants and from other petrorcarbon exhausts NUCLEAR IlTLRII Our nuclear scientists blueprint for the future tells us that all we need to do is put some lumps of Uranium 233 close together to form an aloinic pile or core which will then start to get hot as controlled neutron chainreaction is sus taintd The 1000dcgree heat will then boil water to provide steam for turbinerdriven generators and presto electric power aplenty Better yet use plutonium the Arbomb material and we get so many spare neutrons we can actually create fuel as we burn it by simply putting blanket of cheap uranium 2138 around the core Something like toasting mar shmallows After few years our otherwise useless uranium 218 has turned into plutonium Two for the price of one Like having your marshmallow and eating it Nuclear reactors that do this are called fast breeders Since 1973 fastbretxlcr heavywater ANOIl reactor AANadian Deuterium llrillllumt has been operating at Pickering about 32 km east of downtown Toronto Is fooling around with atomic reactors dangerous Are they potential atomic bombs Could they actually explode Thats dirty word for the reactor scientist but hell admit that well yes if gross meltdown of the core occurred it could lead to an energy release that would disassemble thats his word for cxplodet an atomicpower reactor even though the core is totally enclosed in an eightrinch thick steel shell Blow it to heck in other words Along with any town that was unfortunate to be near enough But its big if like one in million chances IIINA SYNDROME Its more likely that hina syndrome would occur That is the entire core would melt its way through the reac tor shell and about eight feet of concrete and right through the earth and rocks on the way to Thina spewing radioac tivity around for up to 300 miles But even without such incredible as theyarc called accidents theres pollution spilling out all over the industial spectrum from uranium mines the extraction plants Vthe all this of course we could end up with cancer genetic damage and mutations SIRTIJI EFFECT Rut aCcording to Dr Ilerman Itlumentahl in Scientist and Titizen article all these radioactive pollutants could have far more subtle effect on us They could bring about isotropic changes in our body proteins that is the atoms in our bodies could be changed to become chemical twins in such way that our autoimmune mechanism would reject our own cell proteins Rejection of heart transplants is similar type of problem Aging is result of the same pro cess on less critical scale Rlumenthal submits This gradually unnoticed unrecognized the entire population of the world would start to become senior citizens at say 40 Wed realize too late by perhaps the year 2000 or so that wed mortgaged thirty years of life for mankind Mind you this is only surmise based on possibility only not probability SAFETY IN Atomic power stations and their attendant pollution from overall operation in both Canada and England have so far better safety record than those in the US Not only that ours are better designed because they use heavy water iduteriumi instead of solid graphite to keep the reactor fuel under control and the water is dumped immediately at any sign of overheating This stops the reaction fast and cools it down rapidly rather than being left with whitehot pile of graphite and jammed uranium rods still reacting and generating heal So all this is not to say nuclear power plants should not be be built Its important though that proponents of both sides in the debate concerning nuclear power should be quite sure they are taking the right course when they weigh possibly dark and shivery future without power and energy against living land perhaps dying youngi with the daughters of the Devil as nuclearreactor fission pro ducts have been poetically called ANCER lltll What could be fantastic development is cure for cancer If this happened we wouldnt have to fear any raditation that wasnt high enough to burn as and youd have to be almost under an atomic bomb burst for that much radiation But Im not dreaming there is news that it will be an nounced at the New Orlcans cancer conference this May that llydralinc Sulphate nontoxic and readily available chemical has been found by the Russians and confirmed by an American research team in Syracuse to be effective against cancer But thats another column Is it everI HAMILTON CP Batson president of Stanley Steel Co Ltd describes his companys expansion plans as the type of corporate activity that meets the political and economic needs of the day Centrepiece of the expansion is the construction of new strip steel rolling mill describ ed as the first of its kind in North America Designed by Hitachi Ltd of Japan it will be built by Canron Ltd of Quebec Hitachis Canadian represen tative Most of the new mill will be assembled by Canron at its headquarters in Trois Rivieres which means we are providing some action for Quebec where it is sorely needed he said So the expansion is of the type that meets the political and economic needs of the day We have trade surplus with Japan so its not exactly un patriotic to place business in that direction Gatt talks slow MONTREAL Tli Japan and the European ommunity have been reluctant to move toward tariff concessions that Would favor imports of Tanav dian industrial and food pro ducts in talks toward new General Agreement on Tariffs and Trade iGATTi which are continuing at Geneva Ilcnry Richardson senior Canadian negotiator told an economists group Tuesday However he said new agreement may be on the way Will the United States Stronger dollar MONlltIZAL ili rise in foreign investment in anada will help strengthen the Tandian dollar this year says Mitchell the Royal Banks vicepresident for inter national money markets He predicted Tuesday that the dollar will average between 85 and 87 cents US this year Loses $5 million MONTREAL itli Sher win Williams 70 of anada Ltd reported Tuesday 1078 net loss of $5 million on sales of $631 million This Compares with 1977 operating loss of $22 million on sales of $604 million Ronald urley chairman and chief executive officer of the firm blamed the extra loss on the cost of merchandise changes personnel reductions and other measures aimed at reversing the companys for tunes Awards contract TORONTO Cll Western Caissons subsidiary of Agra Industries Ltd and Quemont Tonstructores have been awarded $22million contract to constmct the Rio hiripo bridge in osta Rica The con tract was awarded by Conron Limitada Vancouver Chairman elected Montreal cp John Hale vicepresident of Alcan Aluminium Ltd has been elected chairman of the com panys principal subsidiary Alumiun of anada Ltd He succeeds David ulver presir lent of the parent company Split approved TORONTO Ili Dome Mines Ltd directors have ap proved proposal to subdivide the companys outstanding and authorized common shares on directorone basis subject to approval by twothirds ofthe votes cast at special shareholders meeting May 28 Permission given TORONTO tCIt The On tario Securities Commission says it will permit the Winnipeg Commodities Exchange to distribute exchangetradixl call options on gold futures con tracts in Ontario without filing prospectus Profits drop KITCIIENER Ont CI Schneider Inc has reported that profits dropped sharply during the first quarter of this year despite sales in crcsc The company said in an unaudited report that not earn ings declined to $981000 from $15 million during the same period of 1978 Sales rose to $1066 million from $83 million The new mill is part of $10 million 10year expansion pro ject expected to provide steadily growing work force at Stanley in the next decade IXUBIEAPAITY It will double Stanleys pro duction capacity by the end of 1980 Hatson said the expansion is not geared to an expected resurgence of the world steel market We have simply looked at the fact that the Canadian steel industry has the raw materials the energy and very good base for growth he said And Canadas proximity to the greatest market in the world the US makes its steel in dustry the envy of those in othercountries similar mill is scheduled to bebuilt in the US Stanley is subsidiary of Stanley Works of Connecticut The Canadian mill is the largest project begun by Stanley in the last 20 years The company serves varie ty of markets in Canada in cluding flatrolled carbon and alloy steel The automotive in dustry is major customer Batson predicted basic steel prices will rise this year because of higher costs for raw material Our raw material casts represent well over half of our sales dollar We survive on the price differential between the basic steel product and our own precision products Production is expected to tri ple when the new plant is well under way We expect to add temper rolling mill more materials handling equipment pickling capacity and more splitting and finishing capacity So some time in the future well be look ing at 10000tHonsperyear precision strip facility here Batson president of Stanley Steel Co Ltd stands in the Hamilton strip steel rolling mill Ont plant with new The equipment cen trepiece of the companys expansion is described as the first of its kind in North America CP Photo Manufacturer dissatisfied with small share of market KII1lENER Ont itli With only 15 employees shouldnt Care Equipment Manufacturing Ltd be con tent with tiny niarket It isnt says Robert Fowler marketing consultant for the forklifttruck company Its sights are trained on wide horizons The company is setting up network of dealers across Canada and the United States Once that is accomplished it will expand its Kitchener fac tory and at least double its cure of them since the company was founded in 1004 by Ii George Our market is narrow and Spttltlllltd one Fowler said It is almost custom market The company which won the federal industry departments National Design ouncil award of excellence in 1907 is capable of turning ottt about 70 forklift trucks year and has been sell mg about 95 per cent of its pro duct in Ontario The company has started selling in the US and about 10 that the lower Canadian dollar has been boon to exports The company has been establishing dealer network since the beginning of this year Vancouver dealer has agreed to keep are forklift units in stock at its main outlet and at branches in Alberta the Yukon and Northwest Icr ritorics Winnipeg dealer has agreed to sell the product in that city and in Saskatoon and Regina while Fredericton dealer has agreed to serve the New Brunswick market Boom which can manoeuvre loads horizontally as well as vertically The company plans to in crease the variety to 10 during the next two years depending on the success of the dealer net work Were going to expand our model range related to the con struction industry with em phasis on the lumber market That would result in addi tional workers and an expan sion of the present factory pro vided land could be obtained If rent work force pioneer in the design and development of dri Eq per cent of its annual produc tion now is earmarked for the fourrwhcel US ve forklift trucks are uipmeiit has built about 300 Dollars sense By Itllll IIIItl€lt DearSir bought an income property about five years ago Since that time have lost about $300 annually on cash flow basis but have increased my equity by about $2300 ttlie mortgage will be paid off in 15 years Would it make sense financially to sell this property and use the approximately $8000 to 310000 total equity to reduce by about half the second mortgage would have to take out to put on an addition to my personal residence feel that when sell my personal residence will not by paying capital gains tax while in few years expect to have to pay higher rate of tax on my rental property if sell them as opposed to now as anticipate reentcring the work force in the future Also if did not sell the rental property could take out second mortgage on it and declare interest charges as ex penses and use the funds for the addition on my personal residence Any advice which you could give me on this matter would be greatly appreciated Dear It is not possible to give definitive answers to your ques tions without having more facts available However will outline some of the factors involved in making the decisions required Whether it would make sense financially to sell your in Wc would like to be looking most recent addition to the pro at l0 per cent he said iioling duct line is the $00000 Zoom ww im qulipmtfm hitS IX business improves Care would models with prices ranging build govaquarojoot ac from $25000 to 75000 Tht tory in an area industrial park and move there in about five years Selling property depends on market conditions goals come property now or in few years will depend upon your exjwctations for the value of the property over the next few years If you do not believe that the selling price of your pro perty will be significantly higher in few years than now you might be well advised to sell now as it seems that you have some $8000 to $10000 invested and your only not return each year is few hundred dollars of reduction in the outstanding mortgage However local real estate values have stagnated for several years now and if you feel that they may break out of this pattern over the next few years the potential capital gains could justify retaining the property If it is question of selling your income property and building an addition to your residence or retaining the pro perty and foregoing the addition you will then have to weigh into your thinking how important the addition is to you Also you must consider that the cost of the addition will continue to increase each year In an either0r situation you might be best off to sell the income property If you take out second mortgage on your income proper ty and use the funds for your personal residence the interest on the second mortgage would not be tax deductible ex pense Whether interest on loan is deductible or not depends upon the use to which the proceeds are applied and not to the security pledged as collateral for the loan The tax considerations involved should lay small part in your decision as the important factor ist future value of the property Dont let the tax tail wag the dollar dog