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NEWS RELEASE (CNS830) -->> ECONOMIC RENEWAL--MINISTER AND
SHIPYARD UNION MEET IN SHELBURNE




ECONOMIC RENEWAL--MINISTER AND SHIPYARD UNION MEET IN SHELBURNE
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Economic Renewal Minister Richie Mann, along with Team Southwest
members, Human Resources Minister Allister Surette, Cliff
Huskilson and Richie Hubbard, met Wednesday with union
representatives from Shelburne Marine Ltd. to share a
confidential status report on the sale of the shipyard.

Mr. Mann said that the Economic Renewal Agency is actively
seeking potential buyers for Shelburne Marine Ltd.

"Today's meeting was part of our on-going close contact with the
union regarding the potential sale of the Shelburne shipyard," 
said Mr. Mann. "We share the same goal and that's getting the
yard back in operation and the men and women back to work."

David Butler, president of the Marine Worker's Federation, Local
9, said, "We had a very productive meeting. The union's whole
purpose is to get our employees back to work as quickly as
possible. At our meeting, the minister assured us that he
supports the union and we agreed that after the Shelburne
Shipyard is sold, an agreement would have to be negotiated
between the union and the yard's new owner."

Mr. Mann said, "We're continuing to negotiate with interested
buyers, and we anticipate the union will continue to play a
central role in reaching a satisfactory arrangement regarding the
long-term future of the shipyard."

The Economic Renewal Agency stepped in to help the Shelburne
Shipyard complete two contracts last February when the yard ran
into financial difficulty.

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Contact: Steve Warburton  902-424-8922

trp                      Nov. 21, 1996 - 4:15 p.m.