Word: alberta
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...MCHUGH Banff, Alberta...
Stopgap Plan. All across the prairies, farmers dug into savings for cash to meet their taxes, payments on land and farm machinery. In Sanford, Man., the local credit union closed its books when the outstanding loans reached the legal limit. In Alberta farm towns, barter in livestock began to replace cash sales. In Saskatchewan, idle farmers swamped the National Employment Service with job applications. Last week the government offered a stopgap plan for the government to guarantee bank loans to farmers with stocks of unsalable grain. The scheme disappointed many farmers, who had hoped for straight cash advances on their...
Through his Canadian Delhi Petroleum Ltd., Murchison has control of i 1trillion cu. ft. of gas underground in Alberta. In combination with other gas interests, Delhi formed the Trans-Canada Pipelines Ltd. to build a line across the dominion to supply the gas-starved east. Estimated cost of the 2,240-mile line: $350 million...
Last week Murchison answered that argument by signing up a customer for Trans-Canada. Tennessee Gas Transmission Co. contracted to buy 200 million cu. ft. of Alberta gas daily at the Manitoba-Minnesota border, and another 200 million cu. ft. a day when more gas becomes available. To supply T.G.T., Trans-Canada will build the first 670-mile leg of its line from the fields in Alberta to Winnipeg and the border. From the Minnesota border below Winnipeg, T.G.T. will build a $100 million, 1,050-mile pipeline to its trunk line at Portland, Tenn., selling Canadian...
Petrofina did not move into Canada until 1950, after Alberta's oil boom was well under way. Since then the company has spent millions to build refineries and filling stations, and to buy up Alberta oil lands. Western Leaseholds is one of Alberta's soundest companies, with 160 producing wells and drilling rights on some 2,400,000 acres of oil land. The deal was fabulously profitable for Lawyer Harvie. More than 20 years ago, a bankrupt client gave him the then-worthless rights to the best part of the land in payment of a legal fee. Harvie...