....a bit about the man that brought the liberal party to its knees:
not bad for a guy that "feels your pain"
Paul Martin has declared the following:
I own:
a condominium in Ville de LaDalle, Quebec;
13 MURB units in Edmonton, Alberta managed by a third party:
a membership share in the Knowlton Golf Club and in the Mount Bruno Golf and Country Club;
Valleystream Farms located in Cowansville, Quebec, managed by a third party which raises livestock;
2,529 Preference Class B shares (98.53% vote) and 22,764 Preference Class C shares (0.89% vote) of Sheilamart Enterprises Inc., an Ontario incorporated holding company which owns open-ended mutual funds, Treasury Bills, shares of Big Splash Water Slides Inc. (ceased operations - no assets)
a contingent interest in a property with building on Muskoka Bay;
15,028 Preference Class A shares (99.6862% vote) and 47 Preference Class B shares (0.3118% vote) of Nellmart Holdings Inc., a federally incorporated holding company which owns Treasury Bills
Nellmart Limited, a private Alberta incorporated investment holding company which in turn owns the Plaza, Dunbar and Varsity theatres in Vancouver,
a building on Hastings Street in Vancouver, rented to the Royal Bank,
22 MURB units in Edmonton
one MURB unit in Calgary,
open-ended mutual funds, Treasury Bills, Ontario Hydro, Province of PEI bonds, Alberta Treasury Branches Deposit notes
a property located on Ontario Street in Windsor:
1,155 Preference Class A (no vote) 6008 Preference Class B (98.99% vote) and 1,226 Preference Class C (0.02% vote) of Passage Holdings Inc. a federally incorporated investment holding company, administered blindly for me under a Supervisory agreement (copy attached) which owns Federal Government Treasury Bills and, directly or indirectly, shares in the following other companies in the percentages indicated:
Passage Holdings Inc
Passage Marine Holdings Inc. - 100%
The CSL Group Inc. - 100%
Canada Steamship Lines Inc. (fleet of bulk vessels) - 100%
Superior Shipping Company (1993) Inc. (inactive) - 100%
Intercan and Marine Services Limited (inactive) - 100%
Cargobec Inc. (inactive) - 100%
GLBC Inc. - 50.196% and Great Lakes Bulk Carries Limited partnership - 49.25% (bulk vessels)
Quebec Tugs Ltd. (50,000 non-voting shares)
The Commercial Coal and Coke Company (Ohio dispatching services) - 100%
CSL Equity Investments Limited (holding company) - 50%
160901 Canada Inc. (trustee of Ontario real estate properties of CSL Equity Investments Limited) - 100%
Hamilton Marine Inc. (vessels repairs) - 50%
North Water Navigation Ltd. (inactive) - 33%
Canarctic Shipping Co Ltd. (shipping) - 49%
Canadian Marine Transport Group Inc. (dormant winding up) - 16-6%
Oceanex Holding Inc. - 25% and Oceanex Holdings Limited Partnership - 25%
Oceanex Inc. - 100% and Oceanex Limited Partnership - 100% (water transportation of cars and containers)
Cygnus Management Incorporated - 25% and Cygnus Partnership - 25% (in the process of being wound up)
Canadian Shipbuilding and Engineering Ltd. (shipyards) - 50%
Pictou Industries Limited (N.S. shipbuilding) - 100% Hamilton Marine and Engineering Ltd. (tugs) - 100%
CSE Marine Services Inc. (marine design eng.) - 100%
Canadian Marine Transport Group Inc. (dormant-winding up) 16.6%
Ontario Shipbuilders Inc. (inactive) - 50%
Lansdowne Integrated Systems Inc. (consulting) - 90%
Simetra Inc. (inactive) - 10%
Ocean Lines Limited (Bermuda-inactive) - 100%
Argyle Energy Corporation (inactive, formerly engaged in oil and gas exploration and production - 10%
Baca Petroleum Corporation (oil and gas exploration and prod.) 4.6%
Canadian Marine Compensation Management (mgt. of compensation claims) - 20%
Self Unloader Investments Limited (Bermuda - water transportation of bulk commodities - 100%
Atlasco Shipping Inc. (Liberian)
Innovatorco Shipping Inc. (Liberian)
Atlantic Superior Shipping Inc. (Liberian)
CSL International Inc. (commercial mgt., Liberian)
Atlantic Erie Shipping Inc. (Liberian)
Canada Steamship Lines Limited (U.K. - inactive) - 100%
Coastal selfunloaders Limited (U.K. - inactive) - 100%
Continental Selfunloaders Limited U.K. - inactive) - 100%
A supervisory agreement has been entered into between Paul Martin and A. Stuart Hyndman, Q.C. and the Canada Trust Co. This enables Paul Martin to comply with the requirements of the Conflict of Interest and Post-Employment Code for Public Office Holders.
Flags of Convenience for Deep Sea Registration
Flags of Convenience are usually located in third world countries. Two of the well-known flags are Liberia and Panama. Shipping lines throughout the world are faced with similar costs. The rates of taxation vary from one country to another. Heavy taxes and the high cost of shipbuilding, after the Second World War forced many shipping lines to relocated to third world flags. In 1970 one-fifth (forty-million-tons) of shipping were registered in places like Liberia and Panama.
Third world flags of convenience often lack even the basic operating rules and inspectors that are part of the everyday environment of today. The rest of us only become aware of the lack of standard operating procedures of third world flagged ships, when disaster strikes and these ships founder in heavy seas.
More often than not these ships carry large volumes of crude oil. Many of these ships are single hull vessels whereas modern oil tankers are built with a double hull. The damage to our water and air is usually of immense proportions. These shipping lines usually employ third world crews, paying very low wages, without the benefits enjoyed by even the poorest of the G-7 countries.
Canada's present debt now classifies it with Italy, among the poorest of the G-7 nations. This last statistic is a sad reflection of Canada in 1995.
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