Ab Castlégar News

, Janvary 7,.1989

TOP
SALESMAN

BRIAN BEBELMAN

Neil W. Kalawsky, President
and General Manager of
Kalawsky Pontiac Buick
(1989) Ltd. is. proud to an
nounce that Brian Bebelman
is our Top Salesman for
December 1989. This is his
second consecutive Top
Salesman Award and he con
tinues to fill the automotive
needs of countless loyal
customers honestly sins
cérely, and professionally
Give Brian a call. He has the
right vehicle for you

CALL COLLECT
BUS: 365-2155
RES+365-2556

KALAWSKY
PONTIAC BUICK GMC (1989) LTD
1700 Col. Ave., Castlegar D-8917

Skelly
- won't
apologize

VANCOUVER (CP) — Bob Skelly,
former provincial New Democratic
Party leader, says he will not withdraw
or alter comments he made in the
House of Commons linking the 1986
Social Credit leadership convention
with improper financial disclosure.

Skelly, now member of Parliament
for Comox-Alberni, also says he will
not apologize to Premier Bill Vander
Zalm fot his comments because he
doesn’t see anything damaging about
them

The former leader told Commons
Dec: 4 that a close friend of the premier
paid campaign expenses for candidates
who later supported Vander Zalm.

In a telephone interview from his Ot-
tawa home, Skelly said he hasn’t yet
received a letter Vander Zalm sent him
on Wednesday, but that someone read
it to him over the phone

After reading his speech in Hansard,
the daily’ record of parliamentary
proceedings, he said he believes Van-
der Zalm’s reaction ‘was just for
political purposes."’

“It was not my intention to take a
potiticat shot at him,’’ Skelly said. “1
was just pointing out the rumors that
were circulating about the Socred con-
vention.

“IT don't think he’s interested in

Upbeat

. tapping son,
opening

4

* t

rior to the

s S
Castlegar and District Aquatic Centre.

CosNews p

g the official

Lorren Culley leads Stanley Humphries secondary school 's Jazz Band through a variety of toe

g of the

correcting the record. It’s just politics,
and he’s entitled to go after me if that’s

the way yu choose to play the game:"”

— LICENCED DINING ROOM —

D-sar-D pininc ounce
Closed For the Holidays!

Located | Mile South of Weigh Scale in Ootischenia

Bill Vander Zalnf and the Social
Credit government would have
fighting chance if a British Cofum-
bia election were held today, a
province wide poll by a Vancouver
newspaper suggests

VANC ter Zain P)-

365-3294 The preimier, who is scheduled to

makea Jan. 17 radio and television

Dp

HOLIDAYS

Saturday, December 23 to
Sunday, January 14
JANUARY 15, 1990
Back to Our Regular Hours.

address to the province about his
political future, showed some
strengths in the suryey, which was
conducted by The Angus Reid
Group for the Vancouver Sun.

About 54 ‘per cent of those
polled said he should resign while
40 per cent said he should ‘‘stay
and fight to turn things around
before the next election.”

ON

1004 Columbia Ave.

Phone 365-8155
The poll involvag a sample of
800 voters and is Fonsidered ac-

/ 19 0ut of 20.
A Reid

given the many controversies ii

prewie? \\ curate within 3.5 percentage points

jroup Analyst said that

in

which Vander Zalm has been in-

volved, the vote was surprising!

ly

close and showed Vander Zalm has

considerable support.

“If you ran these two (Vander

Zalm and New Democrat Part
leader Mike Harcourt) against eac
other we wouldn’t really want t
Predict an NDP victory,"’ sai
Mike McKenzie. ‘‘It would be
horse race."”

The poll, however, showed th
New Democratic Party remains th
first choice of B.C

y
h
oO
id
a

e
e

voters — and

Harcourt outscored Vander Zalm

on almost every issue except th
economy.

When asked which party, regar

e
BILL VANDER ZALM
.. ina horse rate

Poll gives Socreds chance

dless of leader, they would vote for
if an election was held now, 41 per
cent of the respondents said NDP,
36 per cent said Socred and. seven
per cent replied Liberal

Vandér ‘Zalm refused to com-
ment onthe poll

Harcourt said the poll results are
a disaster for the Socreds because
they show the majority of B.C.
voters now identify with the values

~of the NDP.

The poll results show a fun-
damental shift in B.C. politics, he
said.

The poll questioned people on
which party most closely represen-
ted voters’ personal values

Of the respondents, 39 per cent
identified with the NDP’s values,
33 per cent with the Socreds and 11
per cent replied Liberal

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January 7, 1989 Castlégar News ar

v

Wilson named to IMF post

OTTAWA (CP) — Finance
Minister Michael Wilson, embroiled in
controversy at home over his proposed
goods and services tax and upcoming
budget, faces one more problem at his
new job at the International Monetary
Fund. T

The United Nations agency last

week appointed Wilson chairman of a
powerful 22-member committee that

* sets policy for the fund, which lends

billions of dollars to poor countries
and promotes a stable world economy.

But Wilson’s skills in stick-handling
tough budgets and his unpopular tax
should help resolve an international

Bank of Montreal
must apologize

EDMONTON (CP) — The
Canadian Human Rights Commission
has ordered the Bank of Montreal to
apologize to two women for requiring
their husbands’ involvement in loans.

Tike bank refused to give Edmon-
tonian Beverley Baylis a toan in 1987
without having her husband co-sign.
And Jean Chadwick of Kazabuzua,
Que., said the bank demanded her
husband be a co-owner of her car
before she was granted a loan.

The commission announced Friday
it ordered the bank to apologize in
writing to the women and pay $1,000
compensation to Baylis and $500 to
Chadwick

Baylis already received a letter from
the bank @ year ago saying the bank

should have Statedvany * ‘credit-
worthy’ person could have co-signed
the loan.

Also the bank agreed to remove her
husband as co-signer.

Baylis applied in July 1987 for
$15,000 to set up a new business. As
collateral she put up the family home,
valued at $200,000 and solely in her
name, as well as several (housand
dgilars in mutual funds.

The bank refused to make the loan
without her husband’s signature. She
recéived $13,500 only after her
husband co-signed and she put $35,000
in mutual funds aside for the bank.

Bank spokesman Don Peacock of
Toronto said there if no policy
requiring a spouse to co-sign ona loan.

VANCOUVER (CP) — Crest-
brook Forest Industries Ltd. con-
tinues to be the most profitable of
all publicly owned B.C. forest
products companies.

The latest financial performance
report on the industry compiled by

Crestbrook
most profitable

cent in th nine-month period.

The Price Waterhouse report
shows that overall return on assets
for the 10 companies surveyed was
7.6 per cent, down from 10.9 per
cent in the first nine months of
1988. The decline partly reflects a

Price Waterhouse
Consultants in Vancouver shows
the Cranbrook-based firm with a
return on assets of 18 per cent in the
first nine months of 1989.
Crestbrook has posted-the best
Teturn on assets’ ratio since at ledst
1987, when it earned 17.9 per cent
or 17.9 cents on each $1 of assets.
The second-best performance
came from the smallest company in
the group, Primex Forest In-
dustries Ltd., of suburban Delta,
with a return on assets of 12.5 per

12-pei y year drop in
industry profits.

Price Waterhouse said the short-
term outlook for market pulp, con-
tainerboard and coated papers was
for steady to slightly weakening
markets.

The strong Canadian dollar and
increased stumpage and
silviculture costs continue to
squeeze earnings on the wood
products side. Similar conditions
are expected to continue over the
near term.

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dispute over how much to increase the
financial resources for the IMF, some
economists said Thursday.

**Mike is not an agressive guy that is
going to beat "em up around the ears
but will be soft spoken and well
reasoned and that may well lead to an
improvement,’’ said Mike -Mc-
Cracken, president of Ottawa-based
Informetrica Ltd.

And the new job for Wilson could be
a subtle sign that he plans to stick
around for some time yet as finance

minister despite the political heat,
McCracken added.

Wilson can keep his post as'chair-
man of the IMF's interim committee as
long as he is Canadian finance
minister,

“It certainly scotches any rumors
that he is likely to be departing in t
fext month or two,"’ McCracken said]
“It would be very awkward fo
Canada to accept the post and then fo}
Mike to be out in a short period
time.”’

B.C. Rail offers
to take back line

PRINCE GEORGE, B.C.(CP) —
B.C. Rail has offered to take back
more than 200 kilometres of rail line it
sold to local forest companies for $1
about a year ago, a railway spokesman.
said.

If the goes through, the Dease
Lake exsatisn in northwest British
Columbia will be rebuilt. The line has
been idle since the early 1980s.

“We are currently negotiating
freight rates from the Sustat (about
780 kilometres _ngrthwest of Van
couver) with the forest companies con

cerned,"’
Barrie Wall

If an agreement is worked out, B.C.
Rail will attempt to operate the line, he
said.

The rights to the line were:sold to a
consortium of forest companies,
héaded by Prince George Wood
Preserving Ltd. and Rustad Bros.
Lumber more than a year ago.

The companies used a commitment
to rebuild the rail line ‘as part of a bid
for a 400,000 cubic metre a year timber
licence in the area

said railway spokesman

Weekly stocks

TORONTO (CP) — Some disap
pointing economic news sent share
prices down in New York and Toron-
to, but most major markets made net
improvements in the ffirst week of
1990. WA

The Toronto Sto¢k Exchange 300
composite index dropped 10.54 points
to finish the day at 3,990.37, but
showed a 20.58-point gain on the
week.

The Dow Jones average of 30 in-
dustriats—fetl 22.83 10 2,773.25 on
Friday, reducing its gain for the week
1020.05 points.

Analysts said the Dow was affected
by the release of a U.S. Labor Depar
tment report stating the civilian
unemploynient rate held steady at 5.3
per cent in December. The data
showed a smaller-than-expected in-
crease in non-farm payroll em
ployment

Traders in the bond market took the
news as pointing toa sluggish economy
and thought it might prompt the U.S
Federal Reserve to consider éasing
credit,

But equity investors evidently read
the figures as a sign that further
weakness might be in store for cor-
porate éarnings

Some analysts also said the Dow
drop stemmed from reports earlier in
the day that Soviet leader Mikhail
‘Gorbachev had cancelled foreign
engagements to deal with domestic
problems.

On other Canadian markets, the
Montreal portfolio index dropped
14.18 points to close at 2,035.23, again
of-4.4 points for the week. The Van
couver Stock Exchange rose 3.92 poin-
{s to finish at 714.2, a 0.57 point in-
crease since the previous Friday.

Coming Soon. . . See the
Castlegar News of Wed., Jan. 17

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