We have the largest selection of models to choose from. Our boats are custom-assembled on site for your special boating needs. Volume buying direct from the manufacturer reduces our overhead and initial purchase price. Weare dedicated to putting you on the water at the lowest.cost. Weare a FULL service marine dealer — complete accessory line and fully equipped service, parts and repair facilities. We have a friendly, knowledgeable staff ready to serve you. Our boats are equipped with oe Mercury power units. All our boats are water ‘ested under real boating conditions. CASTLEGAR NEWS Sen Sey | BURT CAMPBELL Publisher. "y RYON GUEDES, Editor feaenee, and unbribed by Bain" By NEALE ADAMS (Excerpts from a commen- tary in the Vancouver Sun.) . . THE CANADIAN DOL- lar keeps sinking—almost daily it. seems—with the federal ne? CTs wee oat "Don't ask me. . the SorBnnTiah contrals camé off and away he went net Resisting Temptation One of the most ironic passages of Mark Twain's novel A Connecticut Yankee in- volves the hero's unsuccesstul attempts to convince a group of Sixth-Century craftsmen that the true value of any monetary unit Is Its purchasing power. Placed In perspective with the federal government to place some degree of restraint on an hysterical one-upmanship cycle between wages and prices which, re- sulted in an Inflation rate of 10.6 per. cent. After enjoying some limited success In reducing the Inflation rate—now 9.5 per economlc clilmate of the 1970s, the frony has an even sharper bite. It was less than three years ago that both the business and labor sectors seemed to have forgotten that simple economic rule. {t took the Imposition of controls by the One Thought At least one irrefutable thought arose from discussion last Thursday of possible adjustments to Regisnal District of Central Kootenay boundaries, It was, in the words of ROCK planning director Floyd Dykeman, that this time a- round the provincial government cannot af- ;, ford to ‘‘sit in Victoria with colored pencils and draw lines."’ + the cent, _t0 0 hard pressed to do much about it, Ottawa has tried borrow- ing hundreds of millions and fiddling with interest rates, but seems only able to block the dollar's decline for a few Weeks or days, There really isn’t alot that can be done, ‘in the short term at least, to prop up the dollar in the money markets. ‘ ‘The basie problem is that we in Canada spend on foreign imports a lot more than we take in-by selling exports. We pay for foreign goods in ‘Canadian dollars. But the cannot use Canadian dollars outside our boundaries, They cannot spend Canadian dollars in the United States, in Japan, in Europe, or wherever, SO THESE FOREIGNERS sell their Canadian dollars in the money markets of Toronto, Montreal, New York, London. Quickly a surplus of Canadian dollars results in the money markets, and their value falls, The latest balance of pay- ments figures issued a few foreigners who sell them to us, Expect a Further Dectine —Our Shrinking Dollar — travel account. Tourists coming to Canada spent about $2 billion in this country, But Canadians spent $3.7 billion in sunny foreign climes, much of it in the “U.S.—for a travel deficit of $1.7 billion. AN EVEN WORSE DEFI- cit resulted from the money paid to foreigners as interest and dividends for the use of their money invested in Can- ada. We had to send about $4.2 billion out of the country to mostly weeks ago by Stati Canada shows why-our dollar is weak, and has béen consistantly fall- ing since the fall of 1976—inci- dentally, about the time of power in Quebec. Exports and imports come, basically, in three categories: Friday which would allow the gradual elimination of those controls. \tis important, ‘as we regain the right to set our own price cellings and determine our own wage Increase limits, to remember that In the tong run our economic wellbeing de- pends greatly on our capacity to resist the femptation of immediate, . short-term pay- Our fallure to show the necessary re- _ Straint during this cruclal period will oniy re- sult in further eroston of our purchasing Power. “The amount of the: wages In. mere. coins, with meaningless names attached to” them to know them by, has got nothing to do with it,” sald. Twain. ‘'The thing Is, how much you buy with your wages?—that’s the Above all other considerations a senso ‘idea. of community Is necessary for strong reglon- al government. And the degree to which each regional district member feels that sense.of community should be the: basis upon which boundaries are established. +» And as In other issues which stent ihe region as a whole, regional district members should be permitted to participate in the decision-making process. - Confidence - . . - Then there's. the story about the man who had go much confidence in the Lib- ‘ erals he bet $1,000 that they would form the next federal government, but insisted the bet nat be pald off In Censdian currency... Mer services, and capital. THE FIRST CATEGORY —merchandise—is the easiest to understand. Actually, in recent years, Canada has done well in this area. Our merchandise goods showed a surplus again, last year. We exported about $44.6 billion worth, and had to import only $41.7 billion, Westerners can take some bows. for this performance. Increased exports of natural gas and coal went a long way to neutralize the effect -of- in- creased imports of petroleum into the East Coast. Prairie record, but: still high—$2.4 | billion worth, Metals exported totalled $2.7 billion. - Lumber exports were up from $1.6 to $2.4 billion, and newsprint up from $2 to $2.4 billion, Exports of pulp held steady. All these are important B.C.-prod ..» Remember? Castlegar News headline stories one year ago Castles National Exhibition Centre, which has been given a six month extension in which to C secure community support, is warned by a Canadian p ive it could lose its federal government core-funding assistance grant, . . . ~ Despite a busy schedule, Provincial Secretary and Minister of Travel Industry, the Hon. Grace McCarthy, toured the Brilliant: Cultural Centre ti ia Fesponse to a long-standing invitation. Members of the board have introduced Sisites security measures at the Castlegar and District Hospital after a senior nurse, who was in the hallway near the emergency treatment room, is struck from behind on the head with an intravenous battle, Members of the North Castlegar Fire Department attend a controlled fire in which | the 67-year-old Castlegar Elementary Schoo) building is burned to the ground. , j Now, in Castlegar... CONTINUOUS EVESTROUGHS * Aluminum ¢ White or Brown Baked-On Finish Kelowna Aluminum Gutter & Soffit Co., at Earl’s Private Pools - Call now, at 365-6774 . goods. In total, B.C. exports amounted to. $7.8 billion, up from $6.7 the year before. THE. WEST'S PERFOR- mance helped to counteract, also, the disappointing results in central Canada of the U.S.- Canada auto pact, which allows for free trade in cars between countries (but only for auto- mobile companies—not for indi- viduals). However, merchandise ex- ports and imports are only part of the story. The second cate- gory is the export and import of services, and here Canada ran into the red. For example, take the Richard J. Needham Parti Quebecois was elected to - wheat exports were short of a. Richard J.Needbam Toronto Globe and Mail The Americans have be: come much too dependent on Arab oil. They should switch to coal; The Russians have lots of it, and no doubt would be happy to sell it to'them. Published Every ‘Thuraday Morning at “TH fe CAOSSROADS OF THE KOOTENAYS" Founded on August 7, 1047 ~ CASTLEGAR NEWS L. Vv. (LES) CAMPBELL, 1012-1977 publianer rom Aug. 7, AL to Feb. 15, 1973 NA BURT. CAMPBELL. C Pubiiahey RENE BRODMAN, Shop Fo! LOIS HUGHES, Managing 9 Edttor AYO QUEDES, Editor JONES, Advertising Mi thew MEYER, Office Man: Mall subscription rate to the Castlegar News is $11 per yaar. The price by carrier and on newsstands is 25 cents an Issue. Second-class mall registration ‘number 001 The Canine News ts a member af the Ault Bureau of Circulations, the Canadian Community As I get older, I see the truth of Graham Greene's ob- servation that we must protect those whom we love against ourselves, It follows from this that if we love someone, we should have little to do with him (her), and that. from a respectful distance. Wasn't that , what Rainer Maria Rilke was getting ‘at with his two soli- tudes that protect one another? st There's this to be said for ikes in the public service— each one of them toughens you od for the bigger and longer and more disruptive strike i are to follow. . voices of little children, when ‘don the ine dstenes i tele- phone.” | Delightful indeed are the = Canadian investments by con- trast earned only $850 million. The deficit totalled about $3.1 billion. i With other payments. for shipping charges, licences, for- eign aid, etc. Canadians spent a total of $15.4 billion for foreign . services, compared to the $7.9 billion paid us. That more than wiped out the “profit” Canada had made on merchandise trade. We ended up $4.2 billion in the red on what is called the current account of our balance of trade in goods and services, WHAT HAS SAVED THE Canadian dollar in the past has been the third category of exports and imports, the move- ment of capital into the coun- try. The desire for foreign investments is what causes the in an outflow of interest and dividends—it must be repaid eventually, Ina real sense, we mortgage our future. But in the short term, this movement of capital into Canada has a bene- ficial effect. Those foreign funds com- ing into the country must be converted into Canadian dol- lars..This tends: to create a. demand for our currency, and it: holds the value of the Canadian dollar up. In 1976, a balance’ of trade deficit of $4.2 billion was more than wiped out with a net investment of $4.7 in the long ‘and short term capital. * BUT LAST YEAR, WITH another $4.2 billion trade defi- cit, capital investment amount- ed to only $2.8 billion. So there was a shortfall of $1.4 billion, Of course, the balance of trade figures aren't the sole reason for the dollar's decline. People buying and selling Cana- dian dollars will pay, more if they have confidence in the Canadian economy; they will discount the dollar if they think the economy is on the skids. _ Currency traders are also influenced in their dealing if -they ‘think the Bank of Canada willat some point put a floor on the dollar's decline, in effect pegging the dollar at some level. And there's some out- and-out speculation. ” But ultimately, the basic federal to peg Canadian: interest rates above interest rates in Canada—as it. did through the Bank of Canada last Tuesday. IN THE LONG TERM, foreign investment will result e. > Milk ic facts of life d the dollar's level. --"+<¢ EXPECT THE DOLLAR to decline until we indeed start selling as many goods and services to foreigners as we buy. © Cream ¢ Butter What The Church of Christ Teaches, . Belleves and Stands For. Autonomy The of the local cong with: no organization over or above It, and In each local : congregation elders and deacons with only these two. offices or groups of men (Tit. 1:5; Acts 14:23; Phil. 1:15 1 Tim, 3:1-10), E : | We Only Ask You To Investigate Church of Christ (see Church Directory) : ! OK. 2. WE ARE NOW IN THE MOOD TO DEAL. In the Plaza ILLEGAL SOIL REMOVAL FROM ALR; Under new amendments to the Soil Conservation Act, it is illegal to remove soll from or place fil on tand in an Agricultural Land Reserve without a valid permit. Such permits ara only issued by the local authority (Regional District of Municipality) with the appravat of the Provincia! Agricuitural Land Commission. Without a permit, R Persons are libel for prosecution and penaitles as indicated under the. =: Soil Conservation Act. In addition to an initial maximum fine of: ‘$2,000 under the Summary Convictions Act, fines up to $500 per day can be assessed for each day that the offence continues. Permits are not necessary for fill and removal activities on the sight- if of-way of a highway or for agricultural or horticultural operations. Procedure to Obtain a Permit Obtain an application form from the local authority. Completed appli- cation forms should be forwarded by thé tocal authority to the Pro- vincial Agricultural Land Commission, 4333 Ledger Avenue, Bur- < naby, British Columbia VSG 313, for approval. For more information, contact the Soils Branch, 8.C. Ministry of Agriculture, 1873 Spat! Road, Kelowna, 8.C. vIy 4R2 (telephone 860-3588). Province of British Columbia’ Ministry of Agriculture Hon. James J. Hewitt Minister Dishes Here's a breakfast, lunch and dinner toast to NOCA. NOCA products are deticious and good for you, too! Refreshing and Nutricious Noca Dairy Products are Now Available in eur Neighbourhood Stores summa © Yogurt © Cottage Cheese’ © Ice Cream id the British Columbla and Yukon Community Newspapers Or eae: : The Editor, Castlegar News, Orawer 3007, Cast 5 algned with the correct same. and eddresa of the efi j J 7 5 e e ier teea eae laeie a © Cheddar Cheese © Fruit Drinks errors In adv nts alter one insertion. It lo f gi : oa ; jh ! reac ane cian ; occur:4n'tha publishing of an sdvertisom that Portion of the advertising space occupled by the | _Siintle Aeaovetmn wil be pl Seta as neta ness an Bringing Good Things To You Bate Tho fr maybe waren tay tie, ane E te eee estimate [7] - P . Each and Every Day.