B6 - Wednesday, May 11, 1983 - North Shore News

@ business

NEWS photo Stuart Davis
ROB HARRINGTON of West Van Florist holds the trophy for best florist exhibit at
the PNE garden show. The exhibit consisted of an arrangement of fresh cut flowers

around a 1926 Model T Roadster pickup.

Federal diversifies

WINNIPEG - Federal In-
dustries Ltd. announced
Thursday a first quarter loss
of $1.8 millon, or 40 cents
per common share, and said
it plans in future to diversify
into industries which are not
directly dependent on the
resource sector.

The loss compared with a
profit of $1.4 milhon, or 30
cents per share, in the first
quarter of 1982. Sales fell to
$34.3) millon from $47 3
million.

The company said the
lower revenues were duc to
the shutdown of Cyprsu
Anvil Ltd ‘és mining
operations in the Yukon,
which hurt White Pass and
Yukon Corp. Federal’s
transportation = subsidiary
The mine was not expected
to reopen until 1984 but the
company “is determined to

Toronto real estate up

TORONTO The re sale of
residential homes in Loronte
during April was the fifth
best month in the histroy of
the Toronto Real batate
Board and sales so far thas
yeat have passed $1 billion
the board
Thursday

TREB members reported
April sales os 2.990 homes
for $304 0 million. a
significant increase from
sales oF 2 O34 homes in April
1982

“Market activity clearty
shows oplimism about the
future oof this region and
confidence tn its cconoma
atrongth,” said
president Tom Bosley

He said there were some
19,700 residential propertics
listed on the Muluple | isang
Service at the ond of April
the largest number since
June 1982

In the first four months of
the year TREB members
reported TO 442 sales valued

at $11

announced

board

billhon compared

restructure its operations so
that it is no longer as
dependent on the mine as a
source of revenue.”

Performance at other
Federal Industries sub-
sidiaries such as Standard
Aero Ltd., Standard Aero
International and Thunder
Bay Terminals was ahead of
year-earlier levels and
overall results are expected
to improve tn the second
half

“With one new and im-
portant critemon - that of
focusing on compamies not
directly dependent on the
natural resourse sector we
fully intend to continue to
pursue carefully planned and
well structured acquisitions
within conservative financial
strategy,” said JF Fraser
company president and chic
exccutive officer

with (OO sales worth 672 4
milhon oa the «¢ omparable
198) pe riod

Appointment Notice

Chock Poaanwomen Manager of Ab tobage Real
bstate Sonrvicos Ltd Is poleranent te: annum a the
AppOIntent Of Christie © Maaveau to huis staff of
Professional salons procgbe

Chistine has previously been involved in the
feslaurant wndustey and Geiogs with fer enthusiasm
ANG GAPeENEc on AOaling with ther postal

Cinnating onigiathy fron France has been oe Canada
for B years and ts tolling tee toedp. you with your
Healt state needs in brane ty on bE rgiist

Call Christine ot 985-9544 .» 822-6345

Orvision of Robert Halt of Vancouver

Trading dilemma

TORONTO - Massey-
Ferguson Ltd. said it was
trying to solve a dilemma
which currently prevents
United States citizens from
trading Massey common
shares which will be issued
by exercising warrants
related to its 1981

refinancing.
Certificates for common
shares issuable upon

exercise of the warrants will
bear a notation stating that
the shares are not tran-

sferrable in the U.S. or to
American citizens, nationals
or residents. The warrants
are currently trading in
Canada on the over-the-
counter market.

“Until the notation is
removed in accordance with
U.S. law, such common
shares cannot be traded
through the facilities of
Canadian stock exchanges in
the regular market,” Massey
said.

The farm machinery

producer said the Toronto
Stock Exchange has in-
dicated it would allow the
shares to trade in a special
terms market.

Massey said it was seeking
ways to allow the shares to
trade in the United States
because the notation would
be removed under U_°S. law.

“At this stage, the com-
pany is unable to predict
when or whether these
efforts will be successful.

Nova earnings up

CALGARY - Neva, an
Alberta corporation, that
first quarter earnings in-
creased 19 percent from
year-earher levels to 32.5
million.

The company attributed
the increase to improved
results from 68-percent
owned Husky Oi Ltd.,
which earlier reported a first
quarter profit of $2.2.
million versus a loss of $10.4
million a year earlier.

Basic earnings” per
common share declined to
11 cents from 17 cents due to
an $11.8 muilhon hike in

Would you Believe?

A Temporary Professional
Bookkeeper or Accountant

Free for a day!

for any assignments of (1) week or more
(offer limited until June 30, 1983)

We are the world’s largest temporary
placement service of qualified
bookkeepers, accountants and Data
Processing Personnel.

Guaranteed people
at reasonable rates.

CALL NOW to discuss your
requirements at no cost & no
obligation whatsoever!

Ask for Cary Grant
687-8367

tta ©

A. E.LEPAGE

REAL ESTATE SERVICES LTD

CHRISTINE CHAUVEAU

dividends.

Operating revenues
chmbed 46 percent to $1.07
bilion from $730 million.

CASE Co-ordinator

Nova said the surge was due
to higher revenues from Pan
Alberta Ltd.'s increased gas
exports to the United States.

CASE

Counselling
Assistance
to
Small
Enterprises

HELPING SMALL BUSINESSES
HELP THEMSELVES

This Government sponsored assistance programme is
available to any small business. Counselling is done by
retired successful businessmen

Areas where CASE may help

Start up
Bookkeeping Marketing

Exporting

Advertising

Cost Controls

Inventory Control
Personnel
Cash Flow

FOR FURTHER tNFORMATION CONTACT
Harry Martin, 145 W. 15th St.
North Van. Telephone 980-6571

®

thing.

A TERRIFIC
TEAM

You and Wespage II — to-
gether you can cover a lot of
territory. Wespage II is the
person-to-person paging sys-
tem that enables you to
receive direct messages. Not
from some middleman, not in
beeps and buzzes, but in
clear, concise words spoken
by the person who is calling
you. You and Wespage Il -
together you won't miss a

Keep ian touch with Wes- Tel.

wesii ret 980-3611

**Your Success Is our Only Business’

Federal Business
Development Bank

Banque téd6rale
de developpement

Canada