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Show OIL & MINING JOURNAL Page 4 FEBRUARY 2, 1970 Btoteal gp powers aetos almost mo poiEtfioe chucErfin - Tests a bill that would require the GSA to purchase for transportation, chief for the with 12 autos converted to burn natural gas have WASHINGTON before it General Services Administration. O'Mahoney made the low-emissi- government use only those autos which a special board ccertiies as having the most pollution-fre- e exhaust. been so successful the comment to 1,000 more autos by the end of the year, a Senate subcommittee was told last week. "This is no longer an experiment. It's in the anewsman after he and GSA Deputy Administrator John W. Chapman outlined government experiments, to the subcommittee on energy, natural resources and the environment. The subcommittee, headed by Robert Sen. Philip A. Hart, government plans to convert By Chuck Hayward The Canadian province of British Columbia and the Island commonwealth of Puerto Rico expect to know lt within a few months how compulsory, automobile insurance is working. Both put it into effect Jan. 1. Unlike other insurance plans, the variety is not based on negligence. Accident victims are compensated regardless of who was to blame, through an administrative procedure rather than through the courts. demonstration state," M. said O'Mahoney, Creed Black, assistant secretary of health, education and welfare, declined to state the administration's position on the bill. has no-fau- no-fau- lt Some American states have discussed such a plan taken no action. but' The insurance schemes adopted by British Columbia and Puerto Rico are similar in many respects, different in a few. In British Columbia, the insurance is sold by private firms. Drivers not covered to the extent of at least $50,000 for third-part- y property or personal injury liability are jail subject to a minimum fine of $250 or a three-mont- h term. The policies must provide benefits on a scale geared to an immdeiate cash payment of $7,000 and weekly payments of $70 for two years for the death of head of house-hol- d with a spouse and two other dependents. While bodily injury costs are payable immediately regardless of ault, the insurance company can still try to recover from parties found liable by a court The average additional expense of policies written in 1970 will be $13 to $21.90 over policies written before the no-fau- lt system took effect plans to drill oil elusive - $MI fe Q31 Ocean City area was the site of a discovery in 1957 by Sunshine A OCEAN CITY, Wash. least one wildcatter isn't ready to give up on the state of Mining In Puerto Rico, the insurance is issued by a public corporation. Persons registering a motor vehicle pay $35 a Co., but the 200 . discovery well rapidly declined to a tricle, producing during its profitless career only 13,000 barrels. Washington's oil prospects. Shell Oil Co. plans a shallow drilling program for the Ocean City area. barrels-per-da- y Work is scheduled to begin as soon as possible, and the program may feature the drilling of a s many as 14 holes. The holes, found nothing and dropped the leases. In 1964 oil companies paid over $35 million for federal offshre leases along the coast. HOWEVER' the well proved there's oil in the state, and major interest followed the discovery. Kb I&oy dasmges name, Whs2 storages k by-la- m company had levied an assessment of 12 cent per share On January 21, 1970, at the annual stockholder's meeting of Rob Roy Mining Company, it was unanimously voted to to unknown and deceased stockholders and to bring its stocholders list up to date. Company. The company's property consists of thirteen claims company to Royal Silver Mining non-asse- s known as the Rob Roy Group, located in the Beaver Mining District of the Coeur d'Alene Silver Belt. The company also owns thirty-on- e mining claims sable and the capitalization was increased from 3,000,000 to 6,000,000 shares. In November 1969, the alni known as the Chancellor Mining Group located in the Warm Springs Mining District of Fergus County, Montana. THis area has produced millions of dollars in gold, silver, lead and zinc at the turn of the century. The company has had a geologist inspect its property clear its books of many change the name of the The company's stock was changed from assessable to The British Columbia insurance falls far short of recommendations made by a commission on auto insurance, which advocated abolition of all property and personal insurance based on fault, or the tort concept Humble Oil & REfining Co., for one, took a major land position, leasing 400,000 acres, later purchasing Sunshine's lease to add to the block. The company drilled three costly exploratory and an exploration and development program has been recommended. The company plans an active exploration Jaaoraa year to finance the plan. Among the benefits are medical services in any hospital without conventional limitations based on "reasonable" or "usual" costs; death benefits up to $15,000, to be divded among the surviving spouse, children and dependent parents; $500 for funeral expenses, and disability payments up to $50 per week for one year and $25 per week for a second year. There is as yet no way of evaluating the effect of the insurance costs or on breaking up the plans on over-a- ll logjam of accident claims in the courts. The governments of Saskatchewan and of Norway, Sweden and Finland also operate compulsory schemes but not on the lt principle. no-fau- SILVER KIMS STOCKS have profit potential RANGE 4c TO $40 PER SHARE Wa specialize in cilvar, qold and uranium stocks and selective penny mining slocks. Wa accept collect calls on buy orders. J. H. DILLON & CO. W. 412 Sprague, Spokane, Wosh. 9f2bl, Tel. 430-443- Member Spokane Stock Exchange Utah Calazona Mines, Inc., a Nevada corporation, and Federal Gold & Silver, a Utah Corporation, announce that they have agreed in principal to a combination of their bisomesses; This agreement is subject to the approval of a written contract by the Boards of Directors of both companies and the necessary approval of the respective stockholders. largely based on the unaudited earnings of Federal Gold & Silver for the year 1969 and the unaudited earnings for the year 1969 from properties under lease being acquired by Utah Thi-- . omvfii.j.'iii "hi-- 'crtu'M Die : o . :,t; in o iij.ii' t Calazona Mines. companies are mining companies engaged in the acquisition, exploration and Both development properties. .. - i ..I.'-- , of mining vii . c . !ivr nor o Iitipi. ? , 'Jar. Present stockholders of Federal Gold & Silver will receive 40 per cent of the Notice of Initial Offering common stock of the combined enterprise with Utah Calazona Mines stockholders receiving the remaining 60 per cent. A number of factors were considered in the negotiations. However, the stock ratio was ARE YOU A REGISTERED SECURITIES AGENT? SADATA (a Utah Coi prim iril Public Offering: 6,000,000 shares Offering Price: $.10 per share Non-Assessab- le Offered and sold only to bona fide residents of the Stale of Utah. Copip o the offering circular ore available only at the address of the Corporation. If you would be interested in participating in a Reg A offering with commissions up to 11, inquire at: 404 1 363-69- 53 a Paso Natural Gas Building 315 East 2nd South Sal Lakr City Utah 84111 Tc Im, rone. 359 8922 El |