🚀 go-pugleaf

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Some discussion has taken place regarding the nature of the ownership of
MacMillan Bloedel, who own the majority of the timber rights in Clayoquot
Sound.  I had the apparently novel idea that rather than speculate or try
to recall what was said in the media, Macmillan Bloedel should be asked
directly.

In response to my telephone call to MacMillan Bloedel of this morning, August
19, I offer the following:

The shares of MacMillan Bloedel (herinafter `M&B') were until recently
more than half controlled by Noranda, which I believe is part of the Edgar
Keiser group of companies.  The balance of the shares were widely
distributed amongst employees, pension funds and individuals.  After the
Noranda sale the single largest group of shareholders were employees at
approximately 3%.  The recent purchase by the B.C. Government amounted to
approximately 4% of the shares.

MacMillan Bloedel remains dominantly Canadian, and B.C. owned.  The
majority of shareholders are Canadian, and the majority of M&B assets and
capital expenses are located in B.C.  M&B is controlled and operated from
British Columbia.



MacMillan Bloedel is a B.C. company.



-- 
"There will always be an apologist for Business As Ususal. A pleasure to
meet you, Robert"  _Jim_Hurst_

....Robert Froese  VE7MOQ                          taganov@unixg.ubc.ca