Letter to Editor (cb) Sept. 12 Canadian mining businss trusted

I have read with interest the complaint by James D. William, in your July 25, 1988 edition about how minority shareholders have been treated by Western Mining Corp. after this company had acquired over 90% of several junior mines in Canada.

While Mr Williams was a shareholder of Northgate Exploration (VSE), I was in the unfortunate situation to hold some shares of Grandview Resources (TSE), which had been taken over as well by WMC. Only a few days ago I learned that my shares were sold against my will.

The law allows it — I do not mind. But that does not necessarily mean that WMC really has to act accordingly and make itself look like an Australian Rambo.

Although only a very minor incident it will certainly not improve the reputation about Canadian or Australian mining business in Europe. After some very embarrassing convertible issues in Switzerland (by both, the Canadians and the Australians) and the attitude demonstrated by WMC, the next finance directors or stock promoters coming over to raise money should not be surprised if they encounter some difficulties — there may be more trustworthy businesses for us elsewhere.

After these complaints let me just add that I like the Canadian mining scene and that I have known people there for many years who I can trust with closed eyes. Those will always be welcome. Anette Joswig Portfolio-Management Switzerland