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CASTLEGAR NEWS, September:21,.1963

BUSINESS

CASTLEGAR NEWS, September 21, 1963 cl

_ Forestry still a ine us

By KEN SMITH

‘Well, it should. But, says a highpredte advi
committee appointed by the federal government to,
into prospects, it won't be easy.

Because of the share of Canada’

Canadian Press

Everyone agrees that Canada’s forests still are the
country’s most important industry, and should be for a
long time — despite the pretensions of some high-tech .
operations to the future crown.

It’s easy to see why.

Canada’s trees provide jobs for about 300,000 people
and add more than $20 billion to the country’s wealth.
every year. That makes forestry, in total terms, Canada’s ‘The of ‘the: p
biggest manufacturer. involved, both for induatey and government, nays the:

"Its exports contribute more to Canada’s foreign adyisory. ‘are without
earnings than the combined value of metals, agriculture,

‘SNOW TRAILS »
fe e Parts «1 SALES & SERVICE.
by the forest industry, it’s easentialfor the well-beisig of i © Service i » 502- 12th age Genelle utilities included. 365-5003. 3/76
the entire country that effective, long-term programs be forest “i yonyou Aveda re aint Dias custom RE pet as: ; x 693-2382 BE BOAED £0 [ati 268 6508.
(fet to Ublize Unie pate nti Woslth ns boon aul Bonbibie) ae , pL RES PG , ‘ : : main’ ACE Prop 3 3 i ba j j weeaters i ae er iieaiiane } vs 4 3 BDRM condo. F Sata

v f i ‘i - i ke ironies: . * available now. A
‘RepalyA “Antenna Sales, Ph, sam, For Better or For Worse

ONE BDRM furnished apartment,

CHAINSAWS

ONE BORM furnished

by Lynn Johnston suite, Wall. tewolt carpal,
‘ent for quiet

tenant, located In Ootischenia,

365-5865,

$ : venti oe | sey OO pence | Me Bile Y

‘ On ‘scat Feapeeta, thay demand’ a ‘new. eet: difficulties ‘meal oer Es hates 4 ‘ ‘ y v
fisheries and the auto industry. attitudes, and the setting aside of deep-rooted.| ernational mone Sas)! } < 5 is as J ULIA $ FURNISHED ONE bans bores,

More than 800 communities across the country illusions that reach back a long way into, our history; MAPORTED FASHIONS tule, Central igeore a, ties
depend on trees for their very existence. ‘The committee's report, an interim’ one, says the Or And... i j : mi : AND, SIIWARE | & ule

With the United Nations predicting that worldwide + forest industry — like any export-oriented ae E x Upto: £100 Pald Towards fe i ake ey Aves. Trail NNA!: i NAT 49// ; 2 WINTER STORAGE Tor Peat, STORAGE Tor eats,

ythan double during . faced hard times in the Toe Net Come oe Hes i : re Aye 965-5576.

demand for forest products will more’ F \ oh re me on UNFURNISHED Sbden Fe

@ 4 WATERWORLD 'ERPRISE! = Df a Wa wailable now, 546 -' Stl .

Wat's rare! the AGE 1000 fs cm. 05 ¥ el it F I | Bere HERE, 3 5 F / 365-6547 evenings. 3/76
eee #2295” 4 i 3 tint A ‘prices: 367-71 Hin/i ; y, 4 a TWO BDRM house in Robson.
8 larva array of perghrale enc ‘4 = ae — _ BLACK’ sandy loam topsoil, Ph, BEN { Children and pets welcome. $300
ee ‘ StS 7/72 ? ty

7) 965-391:

past,
the next 20 or 80 years, it would appear that the industry ~. ‘now there are “fundamental issues that

Study suggests.

IMF expand
its services

OTTAWA (CP) — An
international lender of last
resort should be established
to help preserve the world's
financial stability in turbu-
lent economic times, says a

agency created in 1944 to
maintain and enforce a world

monetary system, provides

assistance to countries need-
ing help to solve ‘their
balance-of- ‘payment and in-

report by the. Co
Board of Canada.

‘The idea is a-key recom -

mendation of the study,
which described inflation,
unemployment and financial
stability as the three central
problems facing market econ-
omies active in international
trade and finance, such as
Canada.

Pointing to heavy debts of
several developing countries,
the study said the inability of
such governments to pay -is
likely to induce more im-
mediate solvency problems
for the lender than the bor-'
rower.

. The severity of the 1981-82
recession increased ‘the dan-
ger.of financial insolvencies,
which conld precipitate liq-
uidity crises and disrupt the
international monetary sys-
tem, it said.

The study essentially sup-
ported a 1982 suggestion by

ation be given to sriabisghing

‘debt

REVIEW SITUATION

The annual joint meeting
of the IMF and the World
Bank begins in Washington
this weekend. Finance Min-
ister Marc Lalonde and Inter-
national Trade Minister Ger-
ald Regan will represent
Canada at the’ session, ‘de.
signed to review the inter-
national financial situation.

The board study suggested
there are indications the role
of the IMF: may expand sig:
nificantly in the near future
to encompass lender of las!
resort resi ies.

“International stability
would be more assured by
the introduction of an inter-
national lender. of ‘last re-
sort,” it said. ‘

On other issues, the study
argued against countries de-

ations tend to redistribute.

pesca which‘ would be
tothe

across coun-
tries, while domestic employ-
tem-

Monetary Fund on a con-

tingency basis for use in ex-

traoridinary circumstances.
The IMF, a United Nations

time, the cost of imports in-
creases, thereby adding to-
inflation. 5

- And David ‘Harris of the
Canadian Restaurant . and

Foodservices - Association ie

Save on a Baycrest

er

pated you're moving fast..or not moving at all, our. velour

tft d.

Say Day Price

‘Double d savings —
:) nen pines watch .

‘ r]

‘and da: y of week with a stal

Bay Day Price

WEDDING ‘ST;

eit ‘Sample | sboen) Savailable to
home evenings or weeken-
ae ‘Ave, 365-6385. -

rATIONERY. from Kel

apa

dh, 623 Colombia Ave

Deadi ine. for

* Wednesday CasNews

ig Noon Tuesday.

aa |

love sales

‘Pieces | asm

¢handii

ort a‘ Hdwe; In Ross.
fond, 104362819 tin/9,
A FIED
RATES AND
INFORMATION
.  SRATES it
First 10 Words $3.00 ©

Use nd Bought chid 36ta ‘cash:

: Servic

nV. ‘set: givins
headaches

fi
rea. 2 Chainsaw.

| came ens i
then ten, yoors' ond lichneed under the
Erivate Vocational SeHoole ls Atty Nov
welt 5

= oie. Sieie| s

EL CHAINSAW, Homelite ect - Run your |;
SESE classifi

twice at regular
price and get the |.
third insertion

NO EXTRA.
“CHARGE ~
7Ansertions for Price of 4

‘Fresl
ee as neon beverages
rat Chocalate & & die

Hin/
Pick Your o ‘own nee

see tk ce ‘aiteody aneken oh

a)

PORTABLE © KENMORE eoiph:
washer with:s

| sigs
; COMPLETE MEAT Processing
plant. Suarans turnkey. in-
Staliaion woe

melee ‘rome Savabls, er

Heavy aby al:
paste pat eae

har pti na. 8 30 ca stan. J

ELECTRIC MOTORS

VING ond ust sell: ‘Chester- 365. 3212
ted & chair, bed, dress-

word ad]

200 GALLON ON tank: $50, 365-

2579 after 3/76.

CANOPY. i aaall truck,’ $175.
365-6155. 3/76

TOP SOIL

lg an

TROWELEX 365- 3316

Ses ot Es So
rm, 8! be
shoes,’ ther sises 13, $25. 365-:

NEW IDEA’ in Buying! new
clothing 1 track eon oti of oi inal

n Seal Sts, Callers “O76

etelay pallets”
= Se eae re ae

tictes mist. not total Ser $20 6:
‘must have rice

stated. We will run your od tor

two issues:

THREE MALE German She epherd
eat
SEPEUS Sem tose, (days);

FURR RO We,

SHELTER

ar therat ar.
‘and

TWO BDRM. Mgbile home ‘in
Robson. Fridg stove,

wash dryer: ‘Available now,
365-31 tin/74

THREE BDRM, Hydro heme:
Ballard d subdivision. $440/m

STARE ACCOMMODATION i
Robson, $150/month. 365-2855. %
3/74
Large 2 and 3 bdrm. opts, full
basement, newly, renovated,
located on7% went ee
like setti re
chase ne, are eer

necessary. IP
fs by by application and inter-
elcome.

EXECUTIVE SUITE, 365-6213 or
365-7661. tin/74

CEDAR MANOR: One‘ond two
bdrm. apartments. Available

Al ny pellicneed in Robson:
able for couple. No Pets.
365-6691.

365-
7661. fe oth

ONE BDRM furnished suite,
$250/mo. incl. utilities . Call Bev
365-334; 7/73

HREE. BDI jouse. also two
bdr ratte Le tay. YaL

4 BDA Rouse, 365-0068, tfa/71
32’ GARAGE with 14’ door
Heated, suitable tor, warehous:

Ing. storage or service.
eae

VERY LARGE 2

Oct. 1, util,, eer i seb S86,

tin/72
2 BDRM furnished & carpeted
tt guiet ‘Castlegar ‘area.

WESTERN BESTSELLERS — 365-3347

Very | large split level, partially finished but
‘as Is. Move in ond finish in pare time.
Located on .99 acre. Ask

GLADE...
Handyman
Special

7A. tidy tank; 300:
+ if %
logger Eee mot bey oN jess stee! pump,

ing $65,700.
LY 365-3347
Ladies’ Loungewear, Trail (main)

CALL TODAY
TRUST your nome-to THe BESTSELLERS

Mexico needs to

MACKINTOSH one Red Delicious

borrow $4 billion

NEW YORK (REUTER) —

* Mexico will need to borrow

about $4 billion in 1984 to
meet ite financing needs,
says Mexican Finance Min-
ister Jesus Silva ‘Herzog.

Discussions on:the 1984
loans will probably begin in
October . after the: last. of
some $20 billion of public
sector debt principal Leek
ments are rescheduled

after addressing thé Econ-
omic Club of New. York.
‘Mexico signed agreements
with international banks
- Aug. 26 to restructure $11.4
billion in debts.
Silva Herzog. said next
week's rescheduling of about

$8 billion will: complete the ‘

rescheduling of $20 billion of
principal falling due between
August, 1962, and D

1984.

The negotiations for the
1984° new loans should be
completed by the end of this
year, he-said.”

Silva Herzog also said that
Mexico expects to pay about
$400 million 'in private sector
interest arrears by the end of
this month: The rest of the
total arrears of about $800

million’ already have been .
week, the minister told Rov paid.
ters news agency’ Tuesday”

If the arrears were not
brought up to date by the end
of September, they: would
have been rolled into-a new
loan.

After Mexico fell into a

as well aé a $6-billion ‘bank |

loan and about $2 billion in

loans from

XN

CORRECTION

he Bay would like to inform its customers of an error

ereoring in

ad, appearing in

Sept. 15 .edition of the Vancouver sun, the Com.

$229, does not include the Dotovette, the dofevetie se
extra.

- $69.99

The Boy wishes to elie ase replton for esidly reece

this error may have

"5499
— Door

open specials

eFaccile Toilet Tissue (WHITE)

120 paks offered (Limit 2 paks per customer) - Sia eve ieietetelcioieialarp'e #'sie.s

eTide Laundry Detergent 3 LITRE)

Sunlight Liquid Detergent , (LITRE)

120 unite cere (Limit units pr customer). > -.......ssessnsessetseseeeneseevssetseses 69°. each

Prices In effect w

STOREWIDE BAY DAY

STARTS THURSDAY.

WATCH FOR YOUR FLYER
_ IN TODAY’S PAPER!

24, while last.

pee verse Scam toa

120 nla offered (mit 2 Uns pr ciatoMeN.-....eereversss os seeeeensesectecesenteess 99°. each

may be made
aera jue, or Visa ond
Mast credit:

net advisable to send cash
through the mail, ciaen leg

10.a.m: Friday

Order by Mail
Print your, Action, Ad on a
sernrots piece of poper and
mal

The Castlegar News r.
serves the right to classi ods
Tete "oe ceercreuen headings

fone

Human Rights Act

All adveriisements such as
Help Wanted must comply with
the Fariitsh ‘Columbia Human
Rights Act, This Act states'no,
a feds eieial may state or
imply o preference, Vaiatioes
or "ipeciiication, on the basis
of an applicont’s race, relig-
ton, colour, marital status, on-

cores te

termine page loca: f

KLR.41:Creacent Valley

80 Trans Am

76 Granada

‘saw: equipment, 387 tlier,
314 Grinders releother, auto:
maticnetter, $1000. 68-2766,

Additional Words 15¢ ; aie ume 3200, .
SS | ee MARTIN'S T. 7 Ha aa to | “wetoerrumes St (Cecogar Chancel)
\! Watches, Trall (main) 5 ons for. Price. of &. » 365-5349, a pholstery | polet poppies. like POWER TOOLS ).

moet ae

he EAT
REGISTERED Springer Spaniel!
pup $75. Ve 3/75

itsetve na) Ray) (ia) 128-9669, ROLLERSKATES tor sole. 250
irs, leather. Sizes from childs
SE prion: Sizes trom childs

SANDY'S | fesuved.
NEW AND USED beast
Consignments Accepted: APPLE COMPATIBLE Drives —
‘Open Six Days. Week. $299. Color conte Drives, —
824 Rossland Ave., Trai}
364-0340

For information write
Box 282, erry

’ GRAND Wa 26” Valley Comfort
wood s TEM 365-4677. 3/75

76 Volare

78 Aspen SE

Waneta jor

HONDA EG oma | i i URE ond
Spprox: 8, 365-32) ‘HOW Te TuAN FACT and In-

after 6, 3/75 - stall viny! storm windows. Ow

BUNDY. Clarinet, Tike new, $175. reel

365-5308.

COLLECTORS RIFLE. Model a
Winchester lever 306 and slip fer
3550 )-4409.

IN-STORE
SPECIALS POOL CARE SPECIAL

Mother Nature's L From 47,99 PlesTox
Pantry WALDIE ENTERPRISES
U (365-5552

DOWNTOWN CASTLEGAR

COME TO OUR

- Fall Round-Up Sale
And Open House
Friday, Saturday & Sunday

%& Save up to $3000
on 83 Motor Homes

%*& Save - $1000 on
oll 63 Travel Trailers
* Save onall

Preowned trailers, truck cam-
pers and motor homes

* Save on
Used Trucks and Cors

| GOING CAMPING?
| GOING HUNTING?
GOING SKIING?
GOING CLIMBING?
_ GOING FISHING?

GOINASUZUKI SJ410

A.M. WHEELS

ay ; i AS Bie —_ : : cestry, place of origin, age, or
Fidsonis Bay Company. ee ae es - [rine tae

cond Ht | Bt : ‘g Highway Drive, Trail 364-0202