ARTS/ENTERTAINMENT The Castlegar Sun WEDNESDAY, August 4, 1993 - Engagement Bouvette-Cherrington Mr. and Mrs. Keith Cherrington of Castlegar are pleased announce the engagement of their son David Michel, to Daw Michelle, daughter of Mr. and Mrs. Don Bouvette, also of Castle gar. The wedding will take place September 18,.1993, in Castleg A Just Say No to Drugs Colouring Book for the School Children of School District #9 sponsored by local concerned merchants and Wy The Spider Sun Make sure your business is included! Book your space today Call Cathy « Nicole « Lisa « Marilyn Publication Date Wednesday Sept 1 1993 | Kootenay Crafts ‘93, Paint on the Road successful exhibit was not there t members and publi f the 38 artists frdm th xhibit did come ig punch, tasting appe proximately 100 peop! » Richard Reid, dire elling from. on alterna to the next, Ret partner and wife me 4 th artists from all over the tenays to organize Novice spinners welcomed a show AT THE MOVIES FRI. SAT SUN MON TUE WED THL 6 7 8 Re AUGUST k 7. iss (OLC BI r---3e 1 ENTER TO WIN A FREE MOVIE PASS ! To THE CASTLE THEATRE ! WEXTE CASTLEGAR ' Name / Phone | Weekty draws! No phoro | Just drop off newspaper coupon at the Castlegar Sun - 465 Coumtua Ave. apres piease y residents are Selkirk Guild n-going craft six visit their Doukhobor al Museum acro your hand at leece int om at the Kootenay Historic ss from a weaving your summer guest em an insight into the aspect of our puring the POKER 6:00 pm City Centre Square Sun., Tues Thurs., Fri 365-3752 in hibu R stuff in ¢ ul finished eid Says t A with ardboard absolutely beautiful too do the fine rkmanship of the pieces in his exhibit illustrate the wealth ft tavtent in the a An opening provides people with an-opportunity to meet the artist and view the work in the mpanionship of the themselves artists says Myrna Cobb director for the NEC. They can talk with the trtist, and learn more about the For people whose monetary rewards are few and tar between process an opening is also which artists receive ognition and the communi celebrate work well award rec ipient stated jokingly “now I can buy new shoes H Crescent Valley artist, Shona Rae, (right), whose works were on dsiplay, poses proudly with three of her children Getting away with ‘murder If you like playing Clue or reading Agatha Christie murder mysteries you are sure to love the Sandman Inn's Murder Mystery and-Dinner, September 18 The evening is sure to be filled full and intrigue drama, suspense which is set in the mid the big band music and the glamorous clothes someone There will be part iS Sure to be eliminated is NO stage so you st will re Sleuth’s Package which will help them on their way to. an evening of intrigue All you have to Vacation Bible School ‘win For Recreation AUGUST RECREATION PROGRAMS REGISTRATION NOW TAKING PLACE AT THE CASTLEGAR & DISTRICT RECREATION OFFICE TENNIS CAMPS AT THE ROTARY COURTS AT THE COMPLEX ARE HAPPENING MONDAY THROUGH THURSDAY AUGUST 9-12: TOT TENNIS (46 YRS) $15.00 YOUTH TENNIS (7-11 YRS)$42.50 12:45-2:45 P.M. YOUTH TENNIS (12-14 YRS) $42.50 3:00-4:45 P.M. TEEN /ADULT TENNIS (15+ YRS)$35.00 6-7:30 P.M. BATMAN BEDLAM (68 YRS) $4.00 COMPLEX AUGUST 10, 1-3 P.M. SHOREACRES SCHOOL AUGUST 12, 10:00 A.M.-NOON MUD VOLLEYBALL (912 YRS) AUGUST 11 FROM 9:00 A.M. UNTIL NOON AT THE COMPLEX. GET A 4 GIRL/BOY TEAM TOGETHER AND JOIN THE FUN. NOON-12:30 CASTLEGAR & DISTRICT COMMUNITY COMPLEX 2101 - 6 Ave., Castlegar 365-3386 ENTER To WIN. A FREE SWIM, SKATE OR FITNESS PASS TO THE CASTLEGAR REC CENTRE Weekly draws! The Castiogar Sun hmt drop off newspaper coupon at the Castiegar Sun 465 Cohumbla Ave, BUSINESS he Castlegar Sun WEDNESDAY, August 4, 1993 Photo submitted Pete Zaitsoff, of Pete's TV had the pleasure of meeting the legendary Hoyt Axton at the recent Mer ritt Mountain Music Fe Year End Slo-Pitch Tournament, August 20, 21, 22 7 men, 3 women Entry Fee: $200" per team CASH PRIZES Deadline August 12. For more info contact Tom Campbell at 365-6586 or send entry to 2537 9th Ave Castlegar VIN 2Y7 New faces new places Nancy Leong is another new face at Pharmasave in down- town Castlegar. Nancy is a recent graduate of UBC School of Pharmacy and looks forward to meeting Castlegar and area residents. Welcome Nancy! Planning ahead The United Way is well into planning its September kick off and campaign, and on Fri day, September 17, they are inviting all area businesses to participate in “Outrageous Shirt Day” . For the purchase of a $2 United Way button, employees can wear an outra- geous shirt to work. Call Nona at the United Way office to make sure your busi ness is registered! P.S. There will be shirt judging and great prizes too! Visitor info The Castlegar Chamber of Commerce reports that visits to the Chamber office are bet- ter than last year, despite the rainy weather. More ‘tourists seem to be staying, rather than passing through. Visitors came from as far as Texas, Arizona, and Florida, and are checking out the attractions and commenting on the won- derful scenery. Services in demand Castlegar residents, Paul Moroso and Nick Oglow, recently attended a very for- mal dinner in Kelowna, held to welcome the visiting Rus- sian Arm Wrestling Champi- ons. The Russians were in Kelowna for an International Arm Wrestling meet spon sored by The Kelowna Club Nick's Russian/English trans lating skills were in great demand as he assisted a very relieved and busy official Rus sian translator. Discussions about business opportunities as well as living and working conditions in the new Russia were the hottest topics. Work winding down Phases one and two of Down: town Revitalization are nearly complete. The last project will be for BC Tel, West Kootenay Power and Shaw Cable to connect new underground lines to their respective ser- vices in buildings, and to wreck out the old above ground cables and poles Now open Donna Dunlop has opened Graphic Solutions, a graphic design and desktop publishing business, locatedin the new Hooter’s Fitness building in downtown Castlegar. She wel- comes Linda Anderson, former production manager of The Castlegar Sun Visitors arriving Canadian visitors staying at Kootenay River Kampground have come from Alberta, Man- itoba, Saskatchewan, New Brunswick, and various copy munities in northern Bf. European visitors, most trayel- ling in motorhomes,fhave come from Switzerland, Hol- land, Germany, and Austria. Most of the visitors’ questions are about the Doukhobour Museum. They also enjoy eat- ing Doukhobour cuisine sur rounded by an authentic Doukhobour atmosphere Even with the Celgar modem- ization group leaving, Koote- nay River Campground has been busy with visitors arriv- ing rain or shine Local orchards? If there are local orchardists who want a free listing in B.C Product Guide, tributed to the Chambers of Commerce in B.C.. Please contact the Castle gar Chamber of Commerce at 365-6313 for more information which is dis Business news? 365-5579 Cominco Submitted N. B. Keevil, Chairman and Act ing Chief Executive Officer of Cominco Ltd., announced tod. that the Corporation had an unaudit ed consolidated loss for the second quarter ending June 30, 1993, of $16.3 million or $0.22 per common share on sales of $225.7 million. Included in the second quarter results was a gain of $31.6 million due to the completion of the Initial Public Offering of Cominco Fertil- izers Ltd. In the second quarter of 1992, the Corporation reported announces $16.3 second quarter loss consolidated carnings of $18.1 million or $0.22 per common share on sales of $416.6 million. All base metal prices were lower than those received in the comparable period last year. The completion of the Initial Public Offering of shares in Cominco Fertilizers Ltd. occurred on April 21, 1993. Cominco Ltd.'s owner p interest was reduced from 83 1 cent to 49.8 per cent Effective April 21, the interest in the fertilizer business is accounted for on an equity. basis. Upon closing, Cominco Ltd received $74.7 million as a result of this transaction and an addition al $83 million upon the comple tion of Cominco Fertilizers extemal financing arrangements in mid July For the period ended April 20. 1993, Fertilizers provided $7.4 million in operating profit and for the period of April 21, 1993, to June 30, 1993, Cominco's 49.8 percent equity interest in their net earnings was $10.5 million. For the six months ended June 30, 1993, the Corporation had an unaudited consolidated loss of $53.1 million on sales of $517.2 million. Sometimes, working overtime doesn’t pay Does it pay to work longer hours to earn more money? This reader doesn’t think so. “I work as much overtime as I can while my partner works only eight hours a week overtime . Yet I don’t take home much more than he does. Should I limit my overtime as I seem to be working for nothing for most of my extra hours?” D.D. —~ The pay slips you provided show your gross pay for a month was $3,210 and you took home $2,195. Your partner earned $2,656 and kept $1,835 So although you earned $554 more than he did, after all the deductions you had only $360 more to show for your extra work Income tax is the main culprit You pay around 41-per-cent tax on most if not all your overtime His tax is only about 27 per cent Also, you pay a higher unem ployment insurance premium (which would produce a higher benefit if you claimed UD) It’s a question of money vs. time. For example, your dou- ble-time rate shows as $30 an hour. You must decide if it’s worth working an hour at that rate to take home an extra $18, or if you'd rather not work that hour and have $1X less to spend or invest When | left my } ferred the balance in gov pension to an RRSP. I found the $4,300 I'd contributed had grown $6,300 during the last 12 »b and trans ernment to only when interest rates reached some of their highest lev els» How does one check on this as I've never received informa years tion on what my pension was earning D.H. Government (and a majority of others) plans pay a pension based on your length of employment and income. But if you quit before you retire and take back your contributions, the plan has a formula to calculate how much your money has eamed You need this information before you decide whether to join a pension plan. If you don't expect to be in the job long enough to collect any pen- sion benefits, you can often do better financially by staying out of the plan and making maxi mum RRSP contributions - -pro- vided you have the discipline to make those contributions and invest sensibly ‘I’ve invested in five rental homes since 1965. I still have one place, now that I am retired, DINING LOUNGE Open 4 p.m. Daily 365-3294 Located 1 mile South of Weigh Scales, Ootischenia. Ceigar, Westar and Cominco vouchers accepted CASTLEGAR JEWELLERY REPAIRS Restoring & Designing 2721 Columbia Ave (next to IGA) 365-6450 but I wonder: Is rental property today a good investment for immediate returns, especially when so muck of the value is often in the land and relatively little is in the house?” S.R. Rental property can still prove Mike Grenby Syndicated Columnist a good investment - but you may have to wait a few years before you get a satisfactory return for your time, effort and money. To decide when revenue prop- erty makes good sense, look at the likely income (rent) and expenses over five to 10 years and price trends. Renovating a place can also help increase rent and value. Remember to use after-tax figures in your calcula- tions. In almost every case, you need both rent and capital appreciation to produce a satisfactory retum. I earn about $60,000 as an employee and am thinking about becoming a partner in another, limited company. Can I use pro motion expenses and interest on money I borrow to invest in the company as a claim against my other income, even if the new company doesn't earn a profit for three to five years As long as the new business has “ a reasonable expectation of profit,” related expenses are deductible However, if the com: pany is incorporated, only the company can claim the expenses (carrying losses forward to claim against future income). However, if you don't incorpo- rate but start the business as a partnership, then you should be able te claim the expenses against your other income “My husband has turned 65 but his CPP, OAS and union pension come to only about $12,000 a year - not enough to provide’a comfort able living. So he has decided to keep working, on a contract basis I’m 56 and also work, and do his bookkeeping, etc save tax?” - B.H. Your husband can make his regular RRSP contribution, based on his earned income (not the pensions) and also put his union How can we See GRENBY 4B This compares with an unau dited consolidated profit of $13.2 million on sale of $745.8 million in the same period last year After providing for dividends on preferred shares, the loss for the six months was $0.69 per common share compared with a profit of $0.15 per common share last year The Mining and Integrated Metals business segment second quarter operating loss was $44.4 million compared with an oper ating profit of $24.2 million in the same quarter last year. Sales for the period were $203.8 mil lion compared with $270.5 mil lion last year. Lower metal prices are the principal cause of the lower operating results The average London Metal Exchange prices for zinc, lead nickel and copper averaged 28 percent, 24 percent, 21 percent and 17 percent respectively below averages for the second quarter of 1992 The average prices for these metals during the second quarter of 1993 were also below aver ages of the first quarter of 1993 on Esso specialty products and prices heat up your summer Sizzling Summer Sale Esso lubes XD3 15/40 1.64/Litre - Pail, 4/4 or 12/1 Gear Oil 80/90 1.66/Litre - Pail or 4/4 Mobil 1 5/30 or 10/30 4.55/Litre - 16/1 Mobil 1 5/50 4.99/Litre - 16/1 Unirex EP2 52.73 per case (40) 13.50 per case (10) BRILLIANT RESOURCES CASTLEGAR 365 - 5185 NELSON 352 - 3713 SALMO 357 - 2227 HE |) a THE SALES EVENT YOU’VE BEEN WAITING FOR. 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