a os Castlegar News oy 2!. 198 ECONOMISTS SAY your advertising dollars do better in... INTEREST RATES TO FALL AGAIN TORONTO (CP) Expo 86 in Vancouver and Can adian banks’ bad loans to struggling oil companies and Third World countries will have an impact on how much farther interest rates can fall in the remainder of 1986, economists say They continue to believe that Canadian interest rates will come down a little more in the next few weeks, al though they are not in agree ment about how much far ther they can fall They put the range of the possible decline from half a percentage point — bringing the prime rate down to 9.75 per cent, to as much as a full percentage point or a little more. Doug Peters, chief econ omist with the Toronto Dominion Bank, said Expo 86 appears to have the potential to bring in an extra $1 billion or more in foreign exchange, which could help to boost the dollar or reduce interest rates, or some combination of both. “We looked at the Expo 67 figures and found that it brought in $440,000 million in foreign exchange,” Peters said. “Just with the consumer price index factored in, that would move the figure to $1.5 billion,” he said, although he noted that Expo 86 doesn’t have access to the same U.S. poulation base that Montreal enjoyed. “And that doesn’t consider the highly favorable foreign exchange rates right now and, to a lesser extent, the terrorist situation which seems to be encouraging Americans to travel north,” Peters said. WIDEN SPREAD But that good news is tempered by other analyses which say the major banks prefer to keep the spread between the prime and the bank rate wider than usual because of the problem loans they have. “It's foreing them to charge higher rates on their good loans,” said Ben Joyce, an analyst with Burns Fry. In the past the banks’ prime rate was about three- quarters of a percentage point above the bank rate, which is set by the Bank of Canada and “based on its weekly action of Treasury bills, Joyce said. Now the difference is more like 1.5 to 1.75 percentage points. George Vasic, an econ omist with Data Resources, said: “The banks want to keep the spread up a little bit to make some money from their non-oil loans but it’s not a major factor (in the higher prime).” Peters said prime has to reflect the banks’ cost of doing business and with the potential losses from loans in the oil sector and to less de veloped countries they need exjra revenue. He predicts U.S. rates may fall a little more and that the Canadian prime will get as low as nine per cent this summer. Vasie isn't expecting U.S. rates to fall much more but said the Canadian prime still has room to move down to 9.75 or 9.50 per cent and stay in line with market rates set by Treasury bill sales. Three girls win Care-a-lot awards TORONTO (CP) — Home maker's magazine has chosen three young girls, aged six to 12, among 2,800 submissions to receive national Care-a- lot awards for their unselfish acts of caring, sharing and bravery. Christine Superina, six, of Boucherville, Que., won for her selflessness. She was eagerly awaiting the day her pre-ballet class would receive new tutus. When they ar. rived, there were not enough for the whole class. One child was upset she had been left out, so Superina removed hers, gave it to the other girl and wore an old tutu. Andrea Adey, 11, of Clar enville, Nfid., shovelled snow from the sidewalk of a neighbor whose husband was ill. No one knew who was clearing the snow until the neighbor. came home one night and saw Adey shove- ling. She had been doing so for more than five months. Karry Anne Kutka, 12, of Toronto was given the award for helping a schoolmate born with a crippling disability. Kutka escorted her friend around school, took her to her locker, helped her with books and occasionally took her shopping or swimming. Approximately 15 x22 FULL-PAGE REPRODUCTIONS © Pertect for Framing © High Quality Photographic Paper Only $17.95 Additonal $4 it you have to be invowed Allow one week tor delivery N, Castlegar News 197 Columbia Avenue Telephone 365-7266 BUSINESS DIRECTORY Auto Rentals moROSO, MARKIN & BLAIN CERTIFIED GENERAL ACCOUNTANTS 241 Columbia Ave Castlegar Ph. 365-7287 PERSONAL INCOME TAXES $20 365-2659 Brian L. Brown CERTIFIED GENERAL ACCOUNTANT 270 Columbia Ave. Castlegar Ph. 365-2151 AVIS ICBC Claimants LOCATED AT Ces! 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PLUMBING HEATING FREE ESTIMATES & GIBSON The Plumbing & Heating Centre American Standord Valley Fibreboth Jecuzzi * Crone Duro Pumps & Softeners PVC Pipe Fittings Septic Tanks 365-7705 2317 - 6th Ave. Costleger copytron Copier Systems CALL DAVE PLANT 1-800-642-1234 ALL TYPES OF COMMERCIAL PRINTING == WICKLUM ting Government Certified Box 525, Nelson, B.C. RRAP PROGRAM FREE ESTIMATES 352-2917 Rubber Stamps RUBBER STAMPS Made to Order CASTLEGAR NEWS COLEMAN COUNTRY BOY SERVICE Sump & Septic Tank Pumping PHONE 365-5013 3400 - 4th Avenue Castlegar ou CHANG’S Nursery & Florists Ltd. A complete nursery stock! COMPLETE RESIDENTIAL & COMMERCIAL LANDSCAPING SERVICE 365-7312 Open 7 days o week 9am. -7pm 2601 - 9th Avenue, Castlegar * Raffle Tickets Etc. Etc OFFSET & LETTERPRESS WES PRESS FACILITIES Castlegar News 197 Columbie Ave. 365-7266 Restaurants THE COLANDER SPAGHETTI HOUSE Specializing in Italian Cuisine ‘A Trail Tradition” Dinner 5 to 9 every dey Lunch 11:30 te 2 week days. For Reservations Phone 364-1816 1475 Cedar Avenue Tr : Optometrist “TT. (TIM) ALLEN B.Sc.0.D OPTOMETRIST No. 2- 615 Columbia, Cestleger 365-2220 or 366 Baker St. Nelson 352-5152 ML LeRoy B.S.0.D. OPTOMETRIST 1012- 4th St Castlegar PHONE 365-3361 Tues. - Fri. 9a.m.-5p.m Saturday 9. a.m. - 12 noon Peppercorn TERRA NOVA MOTOR INN The Kootenays Leading Convention Hotel * Shalis to serve your needs trom 25 to 400 people * 4kitchens catering to the lorgest variety of menu © 19 years catering expe LET TE PROFESSIONALS GIVE YOU THE BEST Phone 368-3355 Ask tor Gery. Brien, Diene or Mery Terra Nova Motor inn 1001 Rossland Ave., Trail PEPPERCORN RESERVATIONS Phone 364-2222 SEPTIC SERVICE Septic Clean Pumping Contact Ron Planiden Box 36, Crescent Valley bia Ave., ustom-built kitchen cabinets idential & Commercial Ph. 368-5911 Moving & Storage WILLIAMS —_————————_——_ SSELL ICTION Hwy. 3. Thrums Buy or Sell by Ayction 399-4793 Qe sLEE (Q— MULLER BOBCAT SERVICE * Landscaping * Waterlines © Septic Fields 7 Days o Week CALL ANYTIME 226-1724 or 365-7488 MOVING & STORAGE 2337-6th Ave., Castlegar Invite you to call them for a tree Let our Plumbing & Heating C&M HEATING * Furnaces * General Metal Work Air Conditioning Humidifiers Flashing Service Work Plumbing Call 365-8138 “TERITAGE ROOFING & 226-7614 or 825-4694 Roofing SHEET METAL LTD. © All types of Roofing © Gov't Certified 359-7196 or Mobile H42-3055 CASTLEGAR SIDING & ROOFING Vinyl © Aluminum Cedar Siding * Soffits Facia * Rooting Metal Shingles * Tar New or Re-Roots CALL FRED 365-2522, MARCEL 365-2537 Tree Service SYN heutano Tree Service Lose yunds weeks. 10 in KOOTENAY DUSTRIAL ROOFING HOURS: Mon. - Fri. 7 a.m. to 12.30 p.m Sot o.m. Bennett Premier Bill Bennett's an- t this week that he plans to resign caught everyone off guard... AS Vol. 39, No. 42 week with his creation of chrome car ing numbers in Saturday's Lotto 6-49 draw were 2, 21, 26, 28, 41 and 49. The bonus number was The $500,000 winning number in Friday's Provincial lottery draw is 2222749. CASTLEGAR, BRITISH COLUMBIA, SUNDAY, MAY 25, 1986 3 Sections (A, 8 &C) FINGERS FIRST . . . Five-year-old Kayda Wriedt has her fingerprints token by Sharron Harvey at the Little Pep si child identification program held Saturday at the children are also Community Complex. The photographed and parents are provided with a plasticized identification card which they con authorities should their child go astray show Costews Photo by 5: ‘CORPORATE BUCCANEERS' Brisco blasts Hydro By SIMON BIRCH Staff Writer B.C. Hydro is a “corporate bucca neer” and has earned a reputation as a “swashbuckler” among utilities, Koot enay West MP Bob Brisco-said Thurs day Brisco, speaking in Castlegar at the B.C. Utilities Commission hearing into the rate dispute between Hydro and West Kootenay Power and Light Co., made the comments during his half. hour submission as an intervenor in the dispute The Progressive Conservative MP was one of several intervenors Thurs- day to slam Hydro for its proposed 12 per cent increase in the price of power it supplies to WKPL. Reading from a lengthy 15-page sub- mission, Brisco said resource. dependent industries of the West Kootenay would be “negatively af. fected by the power purchase rates being proposed by Hydro.” “This area has been for two to three years economically on its back.” Brisco told the commissioners after reading his submission. “Any suggestion we have it better because we have cheaper (electricity) rates is a fallacy.” WKPL rates re currently about 70 per cent of Hydro's rates. West Kootenay Power itself has asked the commission to grant a five per cent increase to cover operating costs. That increase, along with Hy. dro's proposed increase, means WKPL customers would face a total hike of 17 per cent, WKPL president Joe Dren. nan said in earlier testimony at the hearing, which began two weeks ago in Kelowna. WKPL has been trying unsuccess fully for several years to negotiate a long-term pricing agreement with Hy dro and is now asking the utilities com mission to set a rate WKPL buys surplus power from the Crown corporation for about four months during the winter when power demands reach a peak In his submission, Brisco acknow ledged Hydro’s history of hydroelectric power development in the Kootenays and its contribution to employment and flood control in the area, but he slammed the Crown corporation for what he called environmental abuse as a result of its dam-building projects in the 1960s and 1970s. He said the abuse “has had a major negative impact on the tourist trade in Kootenay West” as well as damaging the sport fishing industry in the area. “B.C. Hydro’s relationship with the people of Kootenay West has been one of give and take, and it is my view that it has been a lot more take than give,” Brisco said. He also accused Hydro of helping drive up utility Fates across the coun- try in the 1970s at which time “Hydro demonstrated . . . a further example of the ‘corporate buccaneer’ when it raided every utility in Canada for line men.” That action, Brisco said, “earned for B.C. Hydro a reputation of a ‘swash buckler’ and the utility was universally scorned for its conduct.” “On the other hand, I believe West Kootenay Power to be a responsible corporate citizen, committed to pro viding reasonably priced electricity to the homes and industries of south central and southeastern B.C.” he said “It makes a major contribution to the community, both in terms of taxes paid and employment provided.” IN OOTISCHENIA RDCK turns down $2M waterslide By RON NORMAN Editer Regional Distriet of Central Koot- enay directors rejected a rezoning application Saturday that would have paved the way for construction of a $2 million waterslide theme park in Ootischenia. i voted 10-7 not to give third reading to a bylaw to rezone 6.16 acres on Highway 3. CETAC Developments Ltd. of Cas- park, restaurant, motel service station and convenience store, health spa, and fitness centre on the property. Area J director Martin Vanderpol application at board meeting in Nelson. Vanderpol said that a May 6 public hearing indicated that Ootischenia residents are “clearly opposed” to the saying business and industry must be given “every chance.” Bakken also mentioned the need for more jobs in the area. CETAC has said chenia residents who opposed the waterslide. : “If they don't own the land, I don’ see how they have a say,” she said. She noted that Ootischenia residents didn't opposed a new co-op store on Highway 3. “That bothers me,” Bakken said. “We can't all live on welfare in the area,” she added. “We have to have business.” Castlegar Ald. Nick Oglow also supported the rezoning application. Ogliow said the board should take into consideration the general good of the entire community and not simply the personal preferences of some indivi duals. He pointed out that the same individuals would be opposed to the Castlegar airport, yet no one in the surrounding communities would want to see the airport relocated to Cran- brook. Area H (rural Slocan Valley) director Peter Duck opposed the rezoning, citing the opposition from local resi- dents. “The message from the residents of Ootischenia was very strong, very loud and very clear.” said Duck, who attended the May 6 public hearing. Duck noted that he is personally strongly in favor of the waterslide, but said, “We must listen to the people of Ootischenia.” Area I director John Voykin agreed. “Let's not be misled that we're stopping progress,” Voykin said. “We're not stopping progress.” It’s challenge time! By CasNews Staff Lace up those tennis shoes, dust off the golf clubs or jump into the pool. Brisco also q d the seq of events that led the United States’ Bonneville Power Administration to back away from an agreement last fall with WKPL to supply surplus power. BPA said it wouldn't supply the power after Hydro refused to transmit the power over its lines, even though the B.C. Utilities Commission issued an interim order to Hydro to transmit the er. “Was it sheer coincidence that after West Kootenay Power obtained an alternative power source from Bonne ville Power Administration that B.C Hydro then refused to wheel (transmit) BPA power?” Brisco asked. “Was it coincidence that after West Keotenay Power secured an interim order to permit the wheeling over B.C. continued on page A2 This W Castlegar are being asked to exercise for 15 minutes as the city challenges New castle, N.B. in the Great Canadian Participaction Challenge, a nationally sponsored program in which com munities compete on a designated day to demonstrate support for a healthy, active lifestyle Beating Newcastle won't be easy For the last two years, 45 and 44 per cent of Castlegar’s residents have par ticipated — in actual numbers, ap- proximately 3,300. In 1985, Newcastle registered 66 per cent. That means Castlegar needs an additional 1,500 participants — about 4,800 exercisers — to equal New castle's percentage. “I think it’s realistic,” recreation director Pat Metge said Friday. Metge said a number of group activities are planned. c ’s going to be a fitness break at the (Celgar) pulp mill — they're taking time off to do that. There will be fitness activities at most schools, either aerobics or walks.” The community complex will also have free fitness classes, he said. However, Metge said the challenge this year will rely more on individual participation rather than group events “that never were that successful.” For example, Metge said, this year there are no challenges between clubs or organizations. “We tried that last year and only one club got involved he said. “There's better response from households Tuesday as a reminder to participate. To participate, all you have to do is complete 15 minutes of continuous exercise that increases your heart rate, such as walking, jogging. swimming, aerobies or cycling. Even mundane activities such as housework, gardening or washing the ear count After completing your activity Wed- nesday, call the Castlegar recreation office at 365-3386 between 8 a.m. and 8 p-m. to register your name. The total number participating is then calculated as a percentage of the population. The higher the percentage, the higher a community's ranking. Last year, Castlegar ranked eighth in B.C. and 37th in Canada. In 1984, the city ranked eighth in B.C. and 25th in Canada. people doing their own thing.” To that, the office is sending out notices to all le was 12th in Canada last year