B6 - Sunday, May 29, 1983 - North Shore News AI ODOR DOLOMITE! ASIAN ARRAY ht Development Corporation ‘dangerous’ OTTAWA(UPC) - Opposition MPS Thursday condemned the Canada Development Investment Corp. as a _ dangerous, powerful and privileged in- trusion into the private sec- tor that cannot be controlled by Parliament. Conservative MP Perrin Beatty told the Commons the bill to give CDIC extensive powers was “one of the most dangerous pieces of legisla- tion to be tabled in Parlia- ment in the last decade.” “It will be the largest holding company in Canada, which will be a massive in- trusion into the market place and which will have special Joe Stonehouse baz Donaidson privileges that its private sec- tor competitors won't have.” Realty said the CDIC, which will operate several Crown corporations, would need only cabinet approval to buy-companies with its own cash reserves. As a Crown-owned firm, it would also be exempt from federal anti-combines and false advertising laws, he ad- ded. The CDIC was created by cabinet order last year. Legislation authorizing its creation was tabled in the Commons Wednesday. Revenue Minister Pierre Bussicres said the CDIC was created to provide sound lan Shepherd commercial management of Crown corporations. The companies controlled by the CDIC include the financially troubled Crown aeronautics firms Canadair Ltd. and De Havilland Aircraft Ltd. “The government and all Canadian taxpayers were concerned with the way cer- tain Crown corporations were operating,” he said. “It was necessary to take draco- nian measures tO ensure more rigorous management of these companies.” Bussieres confirmed the CDIC needed only cabinet approval before buying or selling assets. However, he insisted a re- Mike Gibson Your Insurance Business!! Bring your autoplan and other insurance business to us Our fast friendly agents wif be on hand to arrange all your insurance @ Needs REWARD: COMPETITIVE RATES - GOOD SERVICE La} | C) MON FAI BATURDAY 6 306 30 40 00 4 00 archibaid clarke & defieus i [&) | 985-0581 MARINE 347 Bewicke Ave N V Easy parking! THE NORTH VAN waterfront continues to grow and change. Here workmen prepare the foundation for a new office for Cates Tugs at the foot of Lonsdale. Cates is just one of the many businesses, both existing and new, which are transforming the edge of Burrard Inlet. A.E.LtPAGE wuvvanenanannnnanitt t REAL ESTATE SERVICES LTID © FE AL TOR REAL ESTATE TRAINING How successful you are or can be as a real esate sales-person depends greatly on the company that is behind you. Ensure your success by working for a company that offers the essential backup services, is nationwide and that will give you the personalized attention and training you need. CONSIDER A.E. LePAGE 1. Training is carried out through instruction by full time protes- sional educators at our training centre, as well as additional! practical field training by the branch managers 2_The Manager does not sell — he is there to assist you 3.A.E Le Page is Canada's largest real estate company You deserve the best opportunity to be successful AE Le Page is offering you that opportunity Interested? Then we want to talk to you CALL TODAY NORTH VAN WEST VAN Chuck Traunweiser Bob Norquay 985-9544 9256-144] quirement that the CDIC table its investment plans every year would provide MPs with more information tha ever before about the companies it controls and give them the opportunity to question management of- Wouldn’t You Like to Get More Lunch For Your Hour? y ’ Mg NO BANK LINE UPS J] | 4 Standing for 15 minutes to \ | get to your own money doesn't seem right to us. At the Permanent when it gets busier we put more tellers to work for you. We won't waste your vaiuable time. FULL SERVICE The permanent offers every financial service you need from term deposits to mort- gages to savings accounts. $5 FOR YOU Open a savings or chequing account at The Permanent with a minimum deposit of $100. As a way to ‘Thank You"" tor trying our service, we'll give you $5 more Cash your cheque today! Offer ex- pires July 4 You | are eligible with or without this coupon _— om aoe meme meme ae yyy | Ace Tl NOD ADOAT O68 ORR. Bata. FOO 19 Pav TOD Tet OROEARA OF $ 5.00 five 00 7100 OOtt ARS Canada Permanent 7040 Par Roya Boum 1004 Lomedate Avena Weel Vannouwe: BC Vit 7wa North Vancouver 8C vine 293