Word: albertae
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...could threaten Canadian-U.S. relations even on defense matters. Canada and the U.S. must also work out joint policies for waterpower development of the international rivers of the Pacific Northwest, and Canada must decide whether its own long-term interests permit the large-scale export of abundant Alberta natural gas to a fuel-hungry...
While Tory John Diefenbaker shouted "Buccaneers!" and Trade Minister C. D. Howe roared "Who's going to stop us?", Canada's Liberals a year ago bulled legislation through Parliament for a pipeline to carry natural gas across the country from the Alberta fields. Though Trans-Canada Pipe Lines Ltd. was a private enterprise, the Liberal government generously agreed to build the Northern Ontario section of the line, which the promoters gloomily called "uneconomic," and even lent Trans-Canada $50 million when it claimed to be hard up. Only last week did the full measure of the big deal...
...Northern Ontario Natural Gas Co., paid $300 for stock now worth $750,000. Two insiders invested $12,012 in stock now priced at $3,200,000. Quebec Natural Gas Co., another distributor, made $32.2 million in paper profits, and again the big chunk went to insiders. By contrast, the Alberta government thoroughly policed the Alberta Gas Trunk Line Co., and waitresses and farm hands all got a share of profits that now total $45.9 million...
...Ernest Manning, 48, premier of Alberta since...
With the return of prosperity. Alberta Social Crediters built a sound, conventional administration. In 1947 the discovery of vast oil deposits provided a new bonanza; the government cashed in handsomely from the sale of exploration and drilling rights, and from production royalties. The cash surplus rapidly outgrew the province's debt. This year Manning's government declared a cash dividend of $22, payable to every adult citizen who has lived five years in the province...