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FORD SALES LTD. 2795 wiGHWwa: TRAL,BC Vig aT ’ 1-800-663-a9) HAVE VOU even ao saree SARA DUFFUS 364-0202 OSC wants Bennetts, Doman to testify TORONTO (CP) — An Ontario Supreme Court judge reserved decision Friday on whether former B.C. premier Bill Bennett and two others should be forced to give evidence for use at an Ontario hearing. The Qntario Securities Commission wants the evidence as it considers whether to suspend the stock-trading privileges of Bennett, his brother Russell and Herb Doman, head of Doman Industries, a British Columbia lumber company. Justice Donald Steele said he hoped to have his decision ready next week; the Ontario Securities Commission hearing is scheduled to begin Feb. 19. The commission says the Bennetts and Doman have refused to appear at the hearing. It wants them to Legal costs mounting in Teachers’ Co-op collapse VANCOUVER (CP) — The trial isn’t set to begin until Oct. 15, but defendants in five —civil actions launched in the collapse of the Tea- chers’ Investment and Housing Co- operative have already run up more than $500,000 in legal bills. Information on the current and ex- pected costs of the litigation was contained in documents filed last week in B.C. Supreme Court by the law firm of Davis and Co. The law firm is petitioning the court to interpret an insurance policy for professional liability in its favor and to order the insurer to pay the full costs of defending against the 29 teachers who ran the co-op. The litigation, spearheaded by Alma McGauley of Castlegar, start- OUTSTANDING OFFER ROM HOME GOODS FURNITURE WAREHOUSE ed in 1987 on. behalf of 3,200 mem- bers of the co-op who are claiming damages of more than $100 million, including pre-judgment interest. A number of issues are being argued in B.C, Supreme Court and the B.C. Court of Appeal prior to trial on the main issues, which is expected to take three months. The claim against Davis and Co. arises out of provision of legal ser- vices to the co-op defendants by the law firm’s partners and employees. The petition filed on the law firm’s behalf by former partner, Irwin Nathanson, states the photo- copying costs alone so far have reached $85,000 because there are more than 100,000 documents in- volved in the case. Davis and Co. says its insurers have paid out $100,000 but claim that this amount fully meets their obligations. The law firm says it has had to pay an additional $412,000 for legal services by defence lawyers working outside its firm. One of them, Rick Sugden, advised that future fees could add another $1 million or more, the court documents say. Minister tours trouble spots VANCOUVER (CP) — Environ- ment Minister John Reynolds toured the Carmanah Valley and Clayoquot Sound on friday but would not say how the government planned to deal with the two controversial areas on the west coast of Vancouver Island. At issue are land-use questions in Clayoquot Sound, and whether log- ging should be permitted in old- “I've walked it (the two areas) many times before but this was the first time I've had a chance to see it by_plane. It's quite spectacular,” Reynolds said in an interview “As you know, cabinet will be making a decision in the next. few weeks. The minister of forests (Claude Richmond) will be announ- cing a decision, so I'll just hold. my give evidence before Doug Hyndman, chairman of the B.C. Securities Commission, for use at the Ontario hearing. The case is important because it may determine whether provincial regulatory bodies can get evidence outside their borders for proceedings taking place inside them, said commission lawyer James Douglas. to do what it couldn't do on its own. Investigators have already taken statements from the Bennetts and Doman — comments made on the : understanding that they would remain confidential. To break the seal on the envelope containing these statements would be « breach of that confidentiality, which rely on to The commission has the duty to protect he said, noting Doman Industries shares trade on the Toronto Stock Exchange under OSC jurisdiction. Douglas asked Steele to issue-a letter of request to his counterparts in the B.C. Supreme Court to ask for their help in fofcing Doman and the Bennetts to testify. But Ronald Slaght, the lawyer for the Bennetts, said there are only half a dozen cases in which such a request can be made — and this isn’t one of them. “There simply is no jurisdiction in this court . . . to issue letters of request to the British Columbia courts on the facts of this matter,"’ Slaght said. For such an rho to go ahead the provincioal government Would-have-to amend the Securities Act and a procedural act, he argued. Doman lawyer John Brown agreed and said the securities commission is trying to get an Ontario court gather during i Ironically, the Ontario Securities Commission unveiled proposed changes to the province’s secyrities legislation Friday that would give the commission the power to disclose information to other regulators and law-enforcement agencies. The Feb. 19 hearing in Toronto will examine allegations that the two Bennetts were tipped that a 1988 takeover bid for Doman’s company had fallen apart. News of the collapse sent share values down by about $4 to $4.50. The Bennettss and Doman denied there was any tip, and they were acquitted on insider-trading charges last May in Vancouver. The Ontario Securities Commission dropped simi- lar charges against the Bennetts, but wants to suspend their stock-trading privileges. Weekly stocks ARROW LAKE ELEVATION TALKING BUSINESS . . Rossland-Trail MLA Chris D’Arcy (right) joined Marilyn Srong (left), Anne Jones and Jim Craig during Business After Hours at the Home Support Services office in Castlegar Tursday. The monthly usiness After Hours business people to meet and get to know each other. sions are a way for local Pollution-free pulp milP TORONTO (CP) — An economic ume in Toronto of 22.3 million ‘People just don't seem to report that eased fears the U.S. shares economy could be sliding into reces- _ be interested."’ sion helped stock markets post Still, he said, modest gains Friday. The Toronto Stock 300 the markets have been propped up in recent days by 1419.99. on Feb. 3 Forecast of Elevation 1416.99 ft. on Feb. 9 composite index closed at 3,719.57, up 10.52 on the day but down 14.15 for the week. In New York, the Dow Jones average of 30 industrials finished 16.67 points higher at 2,602.93, for a gain on the week of 43.70. bargain hunting. 1.17 per cent. In Toronto, all but two of the 14 groups were up Friday. Manage- ment led with an increase of 1.57 per cent, while transportation rose doing some prompts call for change EDMONTON (CP) — The report- ed development of a pollution-free pulp mill has prompted calls for drastic changes to plans for massive bleach-kraft pulp mill projects in northern Alberta. Millar Western Industries of Ed- monton says it has designed a pet a a a number of environmental groups; said all-bleach-kraft mill projects must be reconsidered. The bleach- kraft mill process uses chlorine bleach ,to whiten the pulp, which creates toxic furans and dioxins. Millar Western's closed-loop sys- tem would be attached to the less is Gaia 7 poll system for a proposed pulp mill at Meadow Lake, Sask. Environmentalists said the break- through, known as a closed-loop pulp mill, must be considered for all pulp and paper projects proposed for Alberta. Martha Kostuch, who represents or CTMP process but would not be suitakle for the bleach-kraft process. “THe question now is if this does work is there. a role for kraft pulp mills at all?’’ said Kostuch.. Brian Staszenski, director of the Centre, said the $1.3-billion Al- berta-Pacific Forest Industries mill proposed for Athabasca should be Trading Friday was dominated by a U.S. Labor Department report that Gold and silver fell 1.0S per cent, while utilities fell 0.48 per cent. the American rate held, steady at 5.3 per cent last month. Analysts said the data, while the i halted until closed-loop process is analysed. “*Why the mad rush?’’ Staszenski asked. ‘‘These companies are in for the long haul — 20, 40 or 50 years — why not get the best technology in place? The kraft process is in question if CTMP can deliver zero discharge. It looks like a dinosaur.’ Louis to slow in January as the manu- facturing sector slumped, also indi- cated the economy is not headed for a recession and may be breaking out of its recent doldrums. The report boosted a market that has been up and down this week as investors try to sort out worries about rising interest rates, slower a for the Friends of the Athabasca group, said the Alberta-Pacific proj- ect may now lose some of its support. growth and ining cor- porate profits, said analyst Ira Kat- zin of Merit Investment. “It’s a lethargic market,’’ Katzin said, pointing to the moderate vol- Ad declines 389 to 271 with 331 issues un- changed on trading worth $290.3 million For the week, six of the 14 groups gained ground. Oil and gas was up 2.68 per cent, followed by transpor- tation at 1.39 per cent. Biggest loser for the week was the gold and silver sector, down 1.49 per cent, followed by metals and minerals, down 1.47 per cent. On other Canadian exchanges Fri- day, the Vancouver Stock Exchange was up 2.16 points to 715.08, for a gain over the week of 5.75 points. 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