WCE Holds Annual General Meeting

The membership of Winnipeg Commodity Exchange elected its new Board of Governors at the 112th annual general meeting on October 26, 1999. Six members were elected for two-year terms: R. Bradbury of Palmer Grain Ltd.; L. DeJaeger of Canadian Imperial Bank of Commerce; R.M. Dzisiak of LFG, L.L.C.; R. Gigiel of ScotiaMcLeod Inc.; W. Hill of United Grain Growers Limited; and R. Wansbutter of Saskatchewan Wheat Pool/AgPro Grain Limited Partnership. Other members of the Board serving the second year of a two-year term are: K. Galloway of CanAmera Foods Limited Partnership; T. James of James Richardson International Limited; P. Rowe of Cargill Limited; P.G. Lloyd of PCTS INC.; A. Gallie of Gallie Grain Ltd.; and B. Flaherty of Flaherty Grain Company Ltd.. These terms expire at the annual general meeting in 2000. In addition, three Public Governors are appointed by the Board to represent the public interest. L. Meyer of Leo Meyer Grain Production Ltd., G. Froehlich of Monsanto Canada Inc., and Dr. A.A. Warrack of the Faculty of Business, University of Alberta, were all elected at last year's board meeting. They are beginning the second year of two-year terms. The new Board met on October 26 after the annual general meeting, to elect its Chairman and Vice-Chairman. P.G. Lloyd, Manager of Compliance and Chief Financial Officer for PCTS INC., and Director of Marketing and Member Representative for XCAN Grain Pool Ltd., was elected for a second year as WCE's Chairman. Mr. Lloyd has served on the Exchange's Board since 1992 (Senior Vice-Chairman from 1993-1998) and has been a member since 1976. R. Wansbutter was elected Vice-Chairman. They join T. James (Immediate Past Chairman) and B.J. Corn (WCE President and Chief Executive Officer) on the Executive Committee. WCE is a not-for-profit organization and Canada's only agricultural futures and options exchange. WCE offers futures contracts on canola, flaxseed, domestic feed wheat, western barley, oats, and field peas. Options contracts are available on canola, flaxseed, feed wheat, and western barley.