A DESPERATE bid to save a North Vancouver
fishery and up to 300 jobs that go with the

business is being backed by both municipal
councils.

The councils are asking
the Royal Bank to take the
company, Millerd Fisheries,
out of receivership.

the bank froze its assets and
inventory when Millerd
failed to meet a “$1.7 million
commitment outstanding on
a $2 million” loan.

United Fisheries and
Allied Workers Union
members are anxious to get
the company saved before it
is forced to permanently
close down and in time for
the mid-June salmon run.

Union members appeared
before North Vancouver
City and District councils
Monday to plead for support

— and got it.

Both councils agreed to
send formal requests to the
bank as well as to federal
fisheries Minister, Pierre De

Bane and _ provincial
Economic Development
Minister Don Phillips, asking
them to do everything they
can to save the company.
Telegrams sent by the
City will ask De Bane to heip
the company in any way he
can, while Phillips is being
requested to apply pressure
to the bank and the simple
request to the Royal Bank is
to give Millerd a chance.
The fisheries operation
there employs ap-
proximately 150. shore-
workers and tendermen and
about the same number of

SPECIAL TO THE NEWS

fishermen
periods.
In letters to the councils,
the UFAWU characterized
Millerd as “a well-respected,
independent firm employing
some 300 shoreworkers,
tendermen and fishermen.”

during busy

It said the company,
though soundly managed
and economically viable,
was unable to meet a
commitment on a $2 million
debenture, because of high
interest rates and the
botulism scare in Europe last
year that cut sales of canned
salmon drastically.

The company would be
able to take “concrete steps
towards an eventual
recovery and stabilization,”
if it could gear up for the roe
herring season, UFAWA

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“THE CORVETTE SPECIALIST

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said, but it is unable to do
that because the bank has
put it into receivership.

Millerd’s worker Ray
Gillfilla told District
aldermen: “By forcing

receivership at this time, the
Royal Bank has eliminated a
major opportunity for
Millerd to realize income
with which to amortize the
outstanding loan.”

City council members
expressed indignation at the
bank’s action.

dues

i

A9 - Sunday, March 6, 1983 - North Shore News

a Pie eee ne

: Lo OPO
NEWS photo Eric Eggertson

Alderman Gary Payne
said the bank should be
reminded that Prime
Minister Trudeau has asked

Canadian banks to take
chances on Canadian
companies during’ the
recession.

Alderman Stella Jo Dean
stated that it was ridiculous

that banks making = such
tremendous profits are
putting companies into

receivership and people out
of work.

Why Memorial
Funeral Centres
do not require
memberships
and dues.

While we can provide every type of service and
cemetery facility for the families we serve, from
immediate disposition to complete traditional
services, we do not require membership fees or

Not onty that, we provide two convenient loca
tions Os wellas the complete. experienced 24

hour help that always proves meaningful to
the family

You don't have to join a group or society in
order to have complete freedom of Choice as
to type of service for you of your famity

We do rec oOMmMeENAd that you call us for a tree
preanangement form which can help you
make any decisions in advance as to type of
service you would prefer This saves your family
from having to make decisions under trying
Cireumstances ata difficull ttre

Wleocase © OW Of stops in for your tree fom now

MEMORIAL FUNERAL

CENTRES

OF GREATER VANCOUVER

Forest Lawn Mortuary
and Cemetery

3789 Royal (ocak

a" witry

IPO 7744 VoIne Ones

Mount Pleasant-

Simmons & McBride
306 Fcast 17th

ONE OF THE FEW
people who has any
work to do as a result of
the fishery standing idle
is accountant’ Eric
Hutton, pictured in the
inactive cannery.

EATON’S
CORRECTION

EATON’S CANADA
WIDE SPECIALS

Page 2.

—Item 1C —

. 2-pce. matching sectional.
Available on Special Order
basis.

Page 30.

—ltem 30A — Eaton Viking
30” range with easy clean
oven. Should read save
each 569.99

for
immediate delivery.
However, orders will be
accepted for delivery by the
date shown

—ltem 6C — Queen Anne-
Style wing chair April 15th.

Page 23

—Item 23F — Aubusson
decanter NOT AVAILABLE.

Page 25

—Non-stick bakeware
Item 25E - Jelly roll pan
Item 25L - square cake pan

ttem 25J1 - Deep muffin

pan (Not shown)

NOT AVAILABLE
inadvertently, the errors
listed above have appeared
in our advertising. We
sincertey regret any
inconvenience or confusion
to our Customers.

AIA 2161 a