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Page 2° Cassjar Courier June 1990

Opposition
Leader

Mike Harcourt

"Socred flim—flammery exposed"

Bill Vander Zalm continues
to hint at a spring election.
But don’t be fooled. He and his
handlers have been forced back to
the drawing board because the
last straw of Socred credibility
- the myth of its fiscal mana-—
agement — has been shattered.

On May 1, the Auditor—-Gene—
ral released his official audit
of this government’s books. His
report was a devastating critique
of Social Credit flim-flammery.

It condemned the Socreds for
mismanagement of our tax dollars.
It exposed the Socred waste of
public money on bad = business
deals like the Expo lands sale.
It said they’ve been dishonest in
reporting the results of their
privatization scheme.

And it said their budget was
a far cry from balanced. In fact
the Socred budget is running a
deficit of over a half-billion
dollars.

The A-G’s report confirmed
the analysis of B.C.’s most pres—
tigious accounting firm ~-— Peat
Marwich Thorne — who said the So-
creds had disguised the true sta-
te of B.C. finances. That criti-
cism was echoed by the president
of B.C.’s largest accounting
association, who called the bud-—
get “all smoke and mirrors," fil—
led with accounting procedures no

Private business could get away |

with.

What’s been exposed is a
government that has deliberately
chosen to use deceptive bookkee—
ping in order to keep British
Columbians in the dark. Let’s be
clear about what the experts say
B.C.’s finances really are:

= A $500
deficit this year.

- No money in the B.S. fund.

= A castly and dishonest
privatization scheme. —

= A 150 million loss on the
Expo lands. Only the Socreds
could sell 1/4 of downtown Van-—
couver —- one of the most desir-—
able pieces of real estate in
North America — and lose money on
the deal.

million budget

But what’s been mast telling
is the Vander Zalm government’s
yreactian ta the Auditor—General’s
report. They tried to put the
blame on him by questioning his
integrity. They called him a
bean-counter . They said the Au-

ditor—General —- your independent
watchdog — had “his snout in the
public trough."

We’ve come to expect” this

from the current government. The
Seacreds simply won’t admit when
they’re wrong.

That’s why they won’t with—
their ads boasting of a

/

draw

. Company

balanced budget, even when they
know such a claim is absolutely
false. That’s why the Bill Reid
lottery scandal drags on. j

But the Vander Zalm govern-—
ment can’t run from the truth.
They’re going. to have to put
their record of dishonesty and
political favors for Socred fri-
ends and insiders before the peo-—
ple in an election campaign. And
regardless of when that occurs, I
believe British Columbians will
decide Social Credit needs a tho—
rough housecleaning and a spell
in oppoasition to sort themselves
out.

REPORT FROM THE LEGISLATURE
Legislative Buildings, Victoria,
B.c., V8V 1X4 (604). 387-5571

TOTAL ENERGOLD
CORPORATION

FIRST QUARTER RESULTS

Vancouver, B.C., April 30,
1990 —- TOTAL Energold Corporation
reported its results from opera—
tions for the first quarter ended
March Si, 1990.

the
1990

Net energy sales for
three months ended March 31,
were $9.2 million, up from %7.9
million in the previous year.
Cost of sales increased from $2.2
million in the first quarter of
1989 to $2.6 million for the com—
Parable period in 1990.

Operating earnings rose to
$6.6 million fram $5.7 million in
UNS te hey

The lass for the quarter was
$873,000 or %0.03 per share,
slightly higher than the $504,000

. or $0.02 per share for the first

Guarter in 1989.

Funds generated from opera-—
tions were $4.0 million which was
lower than the $4.4 million in
the comparative period in 198%.

Capital expenses increased
to $5.7 million including an ac—
crual of a further $1.5 million
provision aS a result the Com—
pany’s unsuccessful appeal fram a
previous B.C. Supreme Court deci—
Sion awarding pre-production pro-—
ceeds to Cusac Industries Ltd.

During the same period, the
carried out a private
Placement of $10.0 million U.S.,
at a price of 2.75 Cdn per sha-—
re, the proceeds of which were
used to acquire a 12-1/2 percent
interest in Ventures Trident II
Limited Partnership. :

In the three months ended
March 31, 19930, Ranchmen’s Re-
sources Ltd., reported o11 and
Gas production, averaging daily
4,301 barrels of oil and 23.7
million cubic feet of natural gas
compared to 4,425 barrels of oil
and 24.1 million cubic feet of
natural gas in 1989, but improved
revenues due to higher energy
prices.

Francaise

‘Cantact:

“TOTAL ENERGOLD ACQUIRES MAJORITY

POSITION IN PLEXUS RESOURCES

Vancouver, B.C., May 7, 1990
—- TOTAL Energold Corporation an—
nounces that it has agreed with
Plexus to complete the previously
lapsed private placement trans—
action for 6,000,000 common sha-—
res of Plexus. The aggregate
subscription price of CDN. $18,
000,000 is payable by %2.75 per
share in cash and $0.25 per share
by the transfer to Plexus of TO-

TAL Energold’s whol 1 y-owned
exploration subsidiary, Sovereign
Explorations, Inc. TOTAL Ener-—

* gold will also receive warrants

to acquire 2,150,000 additional
Plexus private placement, TOTAL

Energold will hold at least 50%

-af the cutstanding shares of Ple-
xus. The agreement is subject to

regulatory and Plexus. shareholder:

approval.

Salt Lake City-based Plexus
has interests in several advance —

mineral projects,

2.45%

including a

the 6,400 ton per

heap leach operation,
miles southeast of Fallon, Neva-—
da. The Rawhide Project is in
the start-up phase and has com-—
menced precious metal production.
The project

day Rawhide

of gold and 399,000 ounces silver
annually in the first five years
of production.

considered excellent.

Other Plexus assets include:

a 512% interest in the Western

World ocpen-pittable copper depa—-

Sit in Northern California and a
significant equity

Crown Butte Resources Ltd., which

controls the promising New World |

gold-copper-—silver
Mantana.

property in

Ray Leeks, President of TO-
TAL Energold stated:
acquisition is in keeping with
our overall objective to develop
production, cashflow and profits
from our minerals. division to
compliment existing oil and gas
production, cashflow and profits
from Ranchmen’s Resources Ltd.,
cur oil and gas subsidiary."

TOTAL Energold Corporation
is engaged in mineral exploration
in Canada and the Western United
States, and in oil and gas expla—
ration and production
through Ranchmen’s

TOTAL Energold. TOTAL Compagnie
des Petroles, one of
the world’s larges producers and
marketers of energy,
TOTAL Energold’s common shares-
TOTAL Energeld’s: common
are traded

CTGDGF >.

Raymond C.F. Leeks

President and Chief
Executive Officer

(604) 681-9501

ar

Frederick W. Davidson

Vice-President and
Chief Financial
Officer

€604) 681-9501

royalty and the right to.
earn a 24.01% working interest.in >

Mine nce ie

located : 50
is forecast to pro-
duce an average of 80,000 ounces >

The potential for
expanding reserves at Rawhide is.

=
Rae

interest rion

"This:

in Canada e
Resources .
Ltd., a 56.2% owned subsidiary of.

holds 69% of.

shares .
on The Toronto Stock.
Exchange ¢TGD) and through NASDAG-

=

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Francis Xavier

‘theartofa singer,

the beauty of song...

2nd
Annual Stikine Concert Series 1990

Sponsored By:

Northern Lights College
Cassiar Community Club

Overture Concerts
Watson Lake Recreation Board
School District No. 87
Ministry of Municipal Affairs, Recreation & Culture

DATE:
TIME:

LOCATION:
COST:

Monday June 11, 1990

8:00 p.m.

Cassiar Secondary School

Tickets at the door $12.00/adults

$5.00/students |

Tickets available in advance at Northern Lights College.

Francis Xavier has per formed
on nearly every major street cor-
ner in Europe. From the terraces
of Greece to the plazas of Spain
and the cafes of southern France
his voice and guitar have won
great acclamatian from passersby,
beachgoers, and coffee drinkers.
In German "bier-stubes” wonder ful
inebriated audiences have shown
their enthusiasm for the gquitar
and songs of Francis Xavier by
cheering wildly and buying the
artist fine drinks.

Xavier has also performed in
concerts, festivals, clubs, and
universities. He has been a
guest on "Radio Nacional de
Espana" and numerous other radio
snows in Spain, Greece, and Ger—
many - He sings in several lang-
uages including Spanish, Fussian,
German, and the rare and mysteri—
ous language of the Sasques of
the northern Iberian peninsula.

This background of travel and
language is a prominent feature
of Xavier’s music. His per for-
mances are an experience of ather
cultures and languages inter—
mingled with songs of the English
speaking world.

As a songwriter Xavier has
written songs which have been
translated into as many as four

languages and have received air-—
play in Europe and as far away as

India. He has shared the stage
with Long John Baldry, Jim
Capaldi (Cex-"Traffic") and such

Eastern Bloc groups as the rock
band "Omega" from Budapest, Hun—
gary. He has also opened for a
number of other acts in Europe.
Xavier moved to Canada in ~*mid
1980 where he has been involved
in performing and in university
studies. He currently resides in
British Columbia.

kk *

Ck8SSiar Courier June’ 1990” Page 3°

CASSIAR :
HOSPITAL :
REPORT

Everyone in British Columbia
with caverage through the Medical
Services Plan of B.C. should have
received their new Care Card by
now, in the plastic ’credit card’
format. The most significant
change is the issuing of each
person, including dependants,
with a unique Personal Health
Number (PHN). The PHN is design—
ed to follow the individual from
cradle ta grave, unlike the form-
er identity number, which often
changed with change in employers
etc. The new card also has a
magnetic stripe, enabling it to
be read in the future by machine.

So remember when you are
coming to the Hospital, please
bring your Care Card with you as
this mew Care Card number is
vital to us to update your file.

The Medical Services Plan
covers doctors visits, lab tests,
Xrays and so on for patients with
a specific medical complaint or
probiem. The coverage, however,
does not include medical examina-—

tions or tests required by a
third party, for example: dri-
vers’ medicals, drivers’ eye

examinations, insurance physicals
and aviation medicals for pilots.
Charges for these services range
from $25 ta $75. There is also a
small.charge for completing time
loss benefit forms.
3 At the hospital we are quite
flexible about all this, however,
and we would be pleased to dis—
cuss the above fees in advance if
special circumstances are involv—
ed.

Dan Horvat, a medical stu-
dent from U.B.C.,
with Dr. Hurlburt during the
month of July. He is here as
part of the medical school’s pro-
GQramme to acquaint students with
Practice in rural communities.

The goal being to encourage more.

doctors to work in the smaller
B.C. towns after graduation. Dan
will be seeing patients under Dr.
Hurlburt’s supervision. We wel-—
come him to Cassiar and hope he
finds his experience rewarding!

While Dr. Hurlburt takes
holidays over the summer, two lo-
cum doctors will be filling in at
the hospital: Dr. John Dale from
and Dr. Larry
from Whitehorse.

100 Mile House,
Otta

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