BO - Wednesday, March 2, 1983 - North Shore News

Gl business

West Van man appointed

Robert D. Flitton of Kings Avenue in West Vancouver is the new President of the Housing and Urban Development Association of Canada.

Active in the organization since 1971, Flitton is the first president to be elected from British Columbia in HUDAC's 40 year history.

HUDAC started as the Home Builders Association of Canada and has been created to serve as a government lobby as well as offering technical and

economic research within the industry.

There are 5,000 corporate members of HUDAC with an additional 3,000 = indirect members through member councils.

Fliten is a Business Development Officer with Dominion Construction

Company Limited where he is responsible for a residential development project and marketing.

The new President of HUDAC is an optimist when it comes to housing in

New HUDAC head

Canada. At a recent con- ference Flitton pointed out that in 1983 interest rates are lower, longer term mortgage money 1s becoming available and that people still want to own their own home.

‘The prospects are better” says Flitton of the housing market this year.

Married with three sons, Flitton is a fisherman and a golfer who also enjoys a good game of bridge. He has been involved in the housing

and building industry since .

1970.

Feds should change pricing

Says one gas producer

CALGARY (UPC) — Despite attractive quantities ot natural gas authorized for export, Canadian producers could find themselves pnced out of the market unless the federal government changes 1s pricing regime, says one gas producer.

“The problem facing our industry ts mot one of finding markets. What we need is a realization by government and industry that we can't expect the U.S. buyers to continue to take Canadian natural gas regardless of the price.” Scotty Cameron, president of Pan-Alberta Gas Lid. told a meeting of petroleum producers

The government should seriously consider all forms of possible pricing

techniques, Cameron said,

including = tlex = pricing, distance-related pmeing and seasonal pricing

The National Energy Board has authorized the export of an additional 11.5 tnihon cubic feet of western Canadian natural gas to the United States and Japan.

Pan-Alberta received approval to export 2.09 tcf to New England and = muid- Atlantic states beginning next year. The company now exports a minimum = 266

billion cubic feet of gas annually through the prebuild section of — the Alaska Highway pipeline.

representing annual revenues {tO governments and gas producers of $1.57 billion. Canadian fallen

have from

exports dramaucally

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1979 when 94.5 per cent of authorized volumes were exported to less than 50 per centin 1982. Meanwhile. the price of Canadian gas rose from 30) cents (U'.S.)) per thousand cubie feet in 1972 to $4.94 per mcf in 1981

But the export: price ts only part of the problem.

Cameron said. Other factors mclude a surplus of gas in the LS. and reduced market demand as yas ts displaced by lower cost heating fuels.

“We can no longer expect to find a ready market in the US. for natural gas without considerauon of price and tcontrac)) term.”

SEENORTH SHORE EEE

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Consumer and Corporate Affairs Minister im Hewitt today cautioned consumers

against sellime their an- ucipated income tax returns. Hewitt said the combined

“effects of an wuncCértain

economy and hi up- employment may lead many British Columbians to seek .“fast) money” by _ selling refunds to tax rebaters.

“This type of service costs money and should be

considered only if taxpayers can't wait the normal eight _weeks_or so that—it—takes

Revenue Canada to process

Think before

a tax return.”

Hewitt said -consumers who can't wait should know that under the provisions of the Consumer Protection Act they are entitled to 85 per cent of a refund im- mediately on signing it over to a tax rebater or dis- counter.

“If the refund turns out to be more than the figure stated on the return, the consumer's portion must be provided to him within 30 days of. the—disceunter's - receiving it,” he said.

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