2' p i ‘ Its current contract work is in excess of $100,000,000 and it has been showing an annual aver- ‘age not profit during the last five years of about 51.300.000.

‘cause Gunnar is a listed stock.- deferred approval. An official said exchange gov- ernors felt t at transaction should be subject to sharehold. ers' sanction. : The company has offices 1 At first it was rumored thatiMontreal. Quebec. St. John's,i Gunnar would go along with;Nfld., Edmonton and San Fran-. TSE wishes but Joseph S. La-gcisco and has about 550.000.0001 3, THE CANADIAN pREss for their policy and other, only

. Y new “It I. u- vum... ..u..,,

18 The Guardian, Charlottetown. Wed. Dec. 12, 1962. [policies will cost eight per cent the average cost of accident; rose three per cent.

Binc. Gunnar president. dcnlediworth of construction equip-‘ Car insurance rates acrossyone pcr cen. cities than in-rural areas. I Average rate increases are

>~ .it. Later he sai a meetinglmcnt. Canada will increase an avcrvI rince Edward Island is the However, in some remote lII-ifour per cent in Nova scotia

% _mnre on average. . ar nsurance a es ow . ' .ber of accidents per hundred i ens in the province was up

I Th ° P ° F l ‘6 3

n n t The average cost of accidents now $347. an increase of $60 would be called. probably in The company "‘ age of four per cent next yearlonly province where rates were dustrial areas collision inshr-gManiwba and Alberta; three early January. .1‘0 d and man“? “’m'k and f—with motorists in some areas llowered by the Canadian Under- ance which pays for the dam- tper cent in Newfoundland; two

about five per cent in 1962 while ‘is Rates are generally higher in since 1957, 3 .ha i “We want McNamara." saididone work on the Alaska High .paymg up to 15 per cent more ‘writers‘ Association. Motorists age to the driver’s own car of-gper cent in British Columbia.

specializes

er. LaBine. “We went into itiway: built the Gander and 9 will 3 int r cent t .3 o . 1 5 _ . . , ,_ ‘ P y e 8 99 en COS "1 re. . . land one per cent in New 3mm. :3: thecvncmre 1:38: llgoilgh themlittgltflfcomsdclangayanfil Elihsradgr'Nfi‘ld ‘the Beaverhdge “83 or “mm'uess next year' ' Are“ web as Kmmat' BIC" 1WiCk‘

- . i There is no change in Quebec. th Fion, Man.. and Blind I Saskatchewan's car insurance

tier W!“ “de 11- dredge and dOCk Work 0“ ‘helcm SaSRatChewan‘ " was can' The association announcing River, Ont. tend to attract un. ' “You might say I gm 8 punchESt‘ Lawmnce seaway and built‘ada's “'5‘ 905‘ ' “'3’ uranium the increases. said ncw rates married workers who travellsyswm ls operatea by the pm- ;In the nose but only over pro- ' 5. Ac-

. ‘ - l vern ent. part or the town!" SUbway' imme “5 current 355015 10““ vary widclv across the country long distances in new car ,vmdﬂ go m lcedure. It's still a good deal and ‘

. Momma“ companies. “'0” ism-637.000 and '3.“ year if re’according to the accident fre- cidents therefore invariably re- Of the 1.824.000 visitors to 1 am "comm Sharcholders w‘",c°"lrac's "ece'luy. 0“ a"th Ported 1’ “9t Pmflt 0‘ 55-80059 - .quency and cost within'a given suit in severe collision damage. Britain in 1961. onequsrter

agree' ‘pm‘wc 5 at wmmpeg- Regma The company is currentlyrarea. l The highest increase for the came from the Commonwealth, l Some of the speculation sur-‘and Edmonton andToronto. l y I - __

rounding t e offer was that The company gamed promin- Ilggrﬂrﬁir oginf::logfg;gugzori: ll : ‘ -’_ ‘1 g '- -'“ s t ‘ . « e ‘ a e I r g .- a g g ! through the deal McNamararcncc in the heavy construction {Newfoundland Labrador Nova 1: e a a g -. r a . a t a i ; g g g g ’g .. 5 ; - s s '2 .. W , T. . - -. i i .1 might wrest control of the com- 1 field in the late 10205 by building iscoua Ontario and Nohhwesl i " Wm. pany from the LaBine family, a dredging wharf and \vatcruTerritbrieS. It also has a sub_ ;“‘“‘“"“" m 1' but many investors disagreed. main in the Bahamas. it Cur'istantia‘ were“ in Camermaf“"”“"“ my a The Lam" family how: renuy has more than sI‘m-000mm‘Petroleum Ltd. which has gas mm: m about 23 per cent of Gunnar in foreign contracts. and on holdings m the United‘xfwiym mm h lshares. The 800,000 shares Mc- FIRST POST-WAR MINE states‘ western Canada and On. ‘Im'vj‘u “lit”... ,Namara would get represents. Gunnar. with head ofﬁce mimic. 'W‘HM It“... labOUt 17 Per Centv oronto. has its mine located in ‘-—-— — "m —-— - ' ' “rim . “M THREATENS ACTION " ' " ' ‘ ""‘ “""“— ' *. I [mm on...” Charles LaBine, an uncle of 155 GL Gem 5:, mm," I“... l the president and a director and . “mm”... on.» .. vice-president of the company. 1 Why not give W..." arm has threatened court action to it . . | in....,........ ' ' ‘ q p lllliilliil

Egg; gljnn§;°§§§§§.t 3:31;; l-Iﬂgel’le- ':;;V;V“;:;;;;Coots .. . . . . . . . . 1/3 off Pullover Sweaters reduced ’ l "ll - l." .I . . Insult

Namara and it uould ony 03 i ‘ . nighues ‘illir‘iliulll:::pl’esses c - e a a 5 a a a o /3 r.g. m“ HI

ltie" shareholders.

Lawrence Labow, a Toronto‘ mining engineer and a minority shareholder of the company. wants an injunction to prevent

Sweaters Blouses Coats Handbags

for . . . . . . . .. 51.98033: Gl°VeS.‘ reg. 1.95 for $1.00 '“"“““'

IattIm-zl lluluutil

. Baby Dolls manhunt Evening . . . . . . 1/3 Off 0 slips l:;:;::f;:ff;Dresses . . .. . . . . V2 price

' “mack” Hum-Blouses . . .. V2 price

- Linﬁcrie i the trasaction without full dis- ° . dusters yulluuinm

closure of McNamara affairs}. I : . briefs Mnmnulltl Woollen Gloves I/2 PI'lCC Scarves . . . . . . . . I'CdIICOd mm:

- 'v " . . There is also a family te-n. 3 -' .ama ‘yi'rmmll "' between the two companies. Jo-l r . m” s an. it . . “WM-ﬂ 'scph LaBine is married to a sis-I S Tl“, ' . “if”. tor of George McNarréara. artist-j Ladieﬁ, wear I mint:

d t of McNamara orpora onJ . " S rm. A Lucan, Ont., youngster la coach in the village's an- 945 to more than 1,500 {or the ; 1%.guie’alzft- mount! has his hands full with two nual Christmas parade. Luc- ‘cstivi ies, Mr. L83an said the reasonl '3 ' v _ n Y , . ,, lillilmll! frisky'riogs pulling a cindercl- an‘s population swelled front (CP Photo) for the takeover bid did not Ladies’ Wear Open e‘ery night “I Christina“ MM "—‘— — ' E M 'A'” "_"‘“”_" stem from family conuect]ona_ Dial 4-4714 Great George St. ‘ ﬂ “Fm. ;lIe said Robert Sedgewick, Tor- 3,» .7 -nr -— - -‘ v ~=r.-: -=-e=‘a ﬁg;ng ' e%==;=,a E'ééa

onto lawyer and consultants and ladviser to both companies, first i

The company's uranium con- i tract is due to run out in April,

Bid For McNamara Corp. Is Top Business Mystery

i . which must approve the issn- ASSETS $29,000,000 McNamara has fixed asse ance of the treasury shares be- estimated at about 329500.90

By GREG MacDONAH) Canadian Press Staff Writcr The Gunnar Mining Ltd. nth-r

bust-(l horny construction tirm. is Canada's second largest. l)('- hind Foundation Company of

.4- (n

for McNamara Corporation Ltd. Canada id. _ _ ._ y_ i is shaping up into one of the Unlike the Shell-Canadian Oili: KK‘K‘mn‘ £1: year's most talked about busi- ofier. which financial circlest 5‘_ ness transactions. were prepared for. Gunnar's The 316000.000 oticr is no more or McNamara caught where near thc 3141000000 paid ‘busincssmcn by surprise. .a I ' lby Shell investments Ltd. fol Tcrms were for 58.000000 in‘: b g Canadian Oil Companies Lid.w cash and 800.000 treasury sharesr - . g , one of the biggest takcorcrs in of Gunnar at $10 each. Another ; EIIIOY a SHCCR - o - 5 Canada in nearly a decade—but term stipulated by McNamara: . . i ' OzPlEiN » for speculation and mystery the was that the offer be approved ' i Come 1“ Wh'le yn“ "9 0" you" Chrls'mas Q : McNamara negotiatiom take by a resolution or Gunnar dipjshopping trip and sample our Delicious g the prizc. rectors. not shareholders, so I ‘OOdS! | : Gunnar. (me “I Canada's larg. iiihai fiscal secrets would not gm; Y est uranium mining companies. 3"“ [0 b0 “‘VOaIPd- r .-..‘ made the offer for McNamara APPROV‘AL DEFERRED f, g, J‘ Nov. 27. McNamara. a Toronto- The Toronto Stock Exchange, e-‘---—-—---—~----- - ~ - - - — - ----—mm'§| ’1 all:

IN P.E.l.

’ You do not have to be. an . Evening Patriot carrier to g! enter this contest_ our cus-

tomer will be turned over to g? get credit for the sale.

ES‘SER'I' IDEA

a regular carrier but you will

HOCKEY STICK

Personally Autographed by the Famous N.H.l.. Star

vw-

la?» «n

zeta:

ghkhl—umnhhhmhvhnhmuh

FRANK MAHOVOLICH ,

y . .top quality professional hockey stick signed by one at the great stars of the game today. Here’s what to o . . . g

sang ’ tﬁﬁégi: S

TO THE CIRCULATION MANAGER, T CHARLOTTETOWN. P. E. I. "E PATRIOT

agree to subset-'lbe to The Evening Pa'riot for a period of 13 weeks I rn

Sell Two New—l3 Week Subscriptions to

. / ,Tﬁefvening Faltin (DAILY PLUS WEEKEND MAGAZlNEl ‘ Either by Carrier or Mail Delivery ll

l nAnd bi:l me $2.50 by re u n ask boy to collect 30:: weekly y Malt ) By Carrier t l l have not been a regular subscriber for the past 10 days.

Date Why not start with Mom and!) th ' ... . . . . .......................... “gm”. ‘ “k themb‘umrnxl'h ' Nlme ..................-... - . . . . . - . . ... . . . . . ... . . . . . .. Ple..e 0' weeks 5! “"hl‘ the coupon. on me "l. 20 Marven‘s Graham Waters l/ 2 lb. Morsbmdllom I Address """""""""""""""""""" ~- glam or bring them in to the Circulation Manager, The Evelina 1/3 cup soft Butter or Margarine l/2 cup Milk ‘ . ' ' ' ' ~ _ . ' . I I ' — - I ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ‘ ' ' ﬁll-glotgwwni Irma. ."o' s to g d". for n" he.” 1' 1/3 WP 5090' 1 cup Cream Subscriber's Signature ................. . . . . . . . . . . . . . . . . .. o emu“ 1" 4 - . you do not have to collect any I 1mm" m" Fm" °' 39m" Seller’s Name . . . . . . . ........... ..

nun-“noun-

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Aad bill me $2.50 by return nd ask boy to collect 30c weekly By Mail ( l V By Carrier i t I have not been a regular subscriber fer the past 30 days. I

a aria; :thzzzieamily (star for at least two hours until Dale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . . . . . . . . . . . . . . . . . .. I ‘ l ‘ Divinity Pie ﬁve" year and "'"" Name .... ................... .. "'5'? "it" I cum" 0"" h A" "Y "' “HM Ml“ ’ Iwetbem var? .-'°°- ‘ Address . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I ' Em" Ima- . . - silth ‘ Si ‘ l Ma u rers gnalure I Form”m.'mh mum-mm”. w Sellers Name xymalnn T" In'h‘nmwmumnu —-————-—————-——' M‘MINHVtmlmmhgmnf-‘ma

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