him 2 with GM — a he's going to have to be aware of public relations. He'll have to deal with the news - media, GM dealers across the country, parts suppliers, workers and their union and customers. “I can't say I'm perfectly at ease with all the prospects,” he said in an interview after his first news conference in Canad: “It's a challenge, but I've become used to those at GM. “The thing is, there are different aspects to challenges. Meeting the press or dealers is a new thing for me.” It’s also new for him to be in day-to-day charge of the output of 43,000 workers in GM plants in Canada. “Then, the Japanese decide everything sus. We'd make a proposal and we'd adjourn while their Specially Priced- Men’s Wen Pre-Washed Denim Jeans vag let mie put’ this glass down.” or anil eee Water but, he said, “Let's not have anyone think I'm drinking.on the. job.” Save 18° Men's Steel Toe & Soleplate Work Boots in durable water-; resistant ‘ Leather. Warmly insulated. Our Reg., pr. 69.97 ers’ hands. Life has been even leaner for contemporary Canadian artists and their dealers. Art is one of the first things to be cut from a company budget. te art consultants, at one time daily visitors to Vancouver's galleries, became an endangered species. Few have been seen since 1982. DRIED UP ‘That was when the well of corporate support dried, up. The well is showing signs of flowing again, but it isa trickle compared to the pre-recessionary flood. ‘The decline has been documented by the Toronto-based Couneil for Business and the Arts in Canada. Among the 125 major companies belonging to the council, purchases have been cut in half, said council chief executive Arnold Edin- borough: from $2.3 million in fiscal 1981 to the $1.2 million in fiseal 1962. One of the council statistics is Vancouver's Versatile Versatile had just embarked on a program purchasing contemporary Canadiana when the recession . The art budget was eliminated. “It just wasn't-« priority, as you can understand,” said Versatile vice-president Kenneth Keeping. “Art purchases won't be in our ‘budget in '84 or ‘85; not until we see a turnaround in the economy.” In the meantimé, he paid, Versatile executives are either bringing pieces from their own collections to their offices, or renting art. BIG BUYING GONE Edinborough believes big spending by big firms will not return with economies recovery because the art boom was prompted: by two factors*that likely will not be repeated: resource growth in.the West, which led to the relocation of corporate headquarters in Vancouver and Calgary, and the Parti Quebecois-prompted head office migration from Mon- treal to Taronto, A federal tax change disallowing depreciation on many works of art knocked mid-size companies and occasional purchasers out of the market, making the collapse complete. But Vancouver art dealer Les Agghazy said corporat- ions are beginning to ‘bring art purchases back into their budgets. “The figures are substantially less than they were four of five years ago — one to one half as much — but the ie ‘That's what is important to tis.” also finding’ ¢lient interest’ ' warming. Clients aren't baying? but they're at least talking about future purchases. Daon plans $100 m Mites, ORK (REUTER ft erate pyray ts a ee: ape analysts said. Prortomeaforye aor K oop fourth ‘ th-quarter profits range from 16’ MiNi ‘halen damage ta below ‘te, OEE . Hurricane Alicia, the second-worst catastrophe in, U.S, Information Institute said the chill covered 41 states, making tthe tot extanlve history. Glenn Montgomery, assistant treasurer at the Chubb Corp., said about 70 per cent of his firm's claims came from commercial concerns. “Commercial warehouses were not prepared for this kind of weather,” be said, “Their sprinkler systems froze and burst and there was extensive damage to inventory.” SOUTH UNPREPARED Unlike the northern states and Canada, where inhabitants are accustomed to cold spells and prepare for severe winters, the southern states were taken by surprise and accounted for the largest percentage of damage claims. Leading the pack was Texas, which aceounted for $145 million in elaims, said the Insurance Information Institute. Georgia was second with $30 million, while Louisiana, Illinois, Ohio, Indiana and Oregon had claims ranging from $20 to $30 million apiece. While a portion of claims is covered by reinsurance, the freeze will have a significant impact on earnings of some of the largest firms, analysts said. Chubb last week said it expected to have a pre-tax charge of $13 million or 55 cents a share for the fourth quarter. David Anthony, an analyst at Smith Barney Harris ‘Upham, estimates the Travelers Corp. will have uncovered freeze losses of about $15 million, lowering earnings by about 10 cents a share for the quarter. Anthony said he projected Travelers’ earnings for the quarter at $1.10 share, compared -with $1.17 in 1982. Analysts estimate that among the hardest hit companies will be Aetna Life and Casualty and the Cigna Corp., each with about $25 million in uncovered claims for the quarter. Cominco lost $39 million Cominco Ltd. bas an- mousnied as 00 renee Ser loss of $2.60 per common share. The 1962 loss was $49.3- million, before including an xtraordinary gain” of $18.1-million, socereene toa mall for BURNABY (CP) — Daon Development Corp. has prop- osed. a $100-million, three- level shopping centre — one of British Columbia's largest — for this Vancouver sub- urb. The planned 92,000-square- metre (million-square-foot) shopping centre would con- nect with the Lower Main- land rapid transit system, Burnaby council has been told. “This is really the biggest thing Burnaby has seen in its history,” Burnaby Mayor Bill Lewarne said. “And it’s prob- ably the biggest thing we'll see in many years to come.” The proposal was recently presented at a council meet- ing under a rezoning appli- cation. Total investment might reach $450 million over the next couple of decades, with an additional 276,000 square metres (three million square feet) of office towers, high- ris® apartments and a hotel, Daon officials have re- quested rezoning of the 8.8- hectare (21.8-acre) Kelly Douglas property from man- ufacturing to comprehensive development district and are working with municipal staff to prepare a development Burnaby plan for presentation to a public hearing, probably in March or April. The shopping centre, which Daon hopes to com- plete by 1967, would include at least two major depart- ment stores and perhaps a market, public libfary and meeting area. Lewarne estimated that the shopping centre, in addi- Chrysler mini-vans a sell-out DETROIT (AP) — Chry- sler Corp. says its new mini-vans are a virtual sell- out and back orders have reached 100,000. The vehicles, bigger than a station wagon but smaller than a conventional van, were introduced late last year. The back orders repre- in oe ee at the mini-yan factory in mio, Ont. Chrysler said. mini-vans are sold-as ° PP Dodge Caravan and Ply- mouth Voyager. compares with a loss of $15.1 million on sales of $309.8 million for the fourth quarter in 1962. Cominco’s Mining and inte- grated Metals business seg- ment earned a fourth quarter operating profit of $5.2 mil- lion, compared with $1.1 mil- lion in 1982. The improved profit is at- tributed to higher profits in zine, offset in part by lower NORM ANDERSON “losses of $2.60 a share” profit of $700,000 in the fourth quarter of 1962. earnings on silver and gold. The fourth quarter oper- ating profit from the Chemi- cals and Fertilizers business opera segment was $15.4 million, $16.9 million for the year of compared to an operating 1982. Mining loss down Pine Point Mines Ltd. has _ Pine Point operations were announced that the corpor- shut down for over five ag posed algareatrtnr ae months in 1983 because of a combination of depressed zine and lead prices and high with «loss of $9 million in 1982. At Diet Cen you have not lose but we © Natural programm insurance history, con analy cold ppt Poa Seay § companies right now was difficult. Hurricane Frederick in 1979 was responsible for claim dathage of about $752.5 million. “It's 80 close to the earnings period they don't want to talk about it,” the analyst said. Insurance industry officials said the most significant impact from the freeze would be on 1984 investment income. Chubb’s Montgomery said the losses will have a “eash flow impact” reducing the fund: ilable for investment and, consequently, returns from investment this year. He said it was unlikely Chubb would seek rate increases to offset the losses because of fierce competition within the industry. HEALTH & k BEAUTY y AIDS Ban Rolt-On 75. mL Scented or h spring DRISTAN “Saari Aspirin 24 tablets. ‘J ‘all Street Journal and an executive was sentenced to four months in. Jail after defendants pleaded no contest to charges of i+ Precision Specialty Metals Inc. executives Charles Webrly and Fred Martin entered the pleas to ¢harges | that the company illegally dumped cancer. twaterials such as hexavalent chromium into city and wounty sewers. Wehrly, a vice-president, was sentenced by Munici- pal'Court Commissioner John Ladner to 120 days in jail. Martin, a plant manager, was ordered to do 1,000 hours of eommunity service, and the company itself must pay $325,000 in fines and cleanup cost reimbursements. Deputy City Attorney Barry Groveman also had recommended that the company be ordered to advertise its crime and punishment in the Wall Street Journal in a half-page advertisement. crimes they commit in the name of, their corporations.” A ‘Wall Street Journal spokesman said the one-time ad will cost the company $34,410. Health officials estimate the factory in East Los Angeles was dumping more than 15,000 litres of toxie hexavalent chromium and corrosives into the public sewers daily. The chromium is suspected of causing cancer, and corrosives could have mixed with cyanides and other materials in the sewer to form extremely toxic gases, officials said. Finesse’ Shampoo Or Conditioner. 300 mt. Save 25%! ‘Maybelline’ New Long-Wearing Nylon/Acetate Deck Polyester tt Variety of patterns. 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