Merger proposal {CASTLEGAR NEWS, December 17, 1980 A3: don’ + get. Cbg bales , OEADLINES for mailing in Canada: the u locally have passed but the Castlegar post office con- tinues 'to struggle, ynder mountains of parcels. * Deadlines were Dec. 13 and 17, respectively, Dennis Leveridge, atéiig with his fellow workers, have been & Stocks| |" Noon VANCOUVER (CP) — Prices were up today in heavy trading on the. Van- couver. Stock Exchange. Vol- ume at mid-day was 4,421,980 shares, Advances outnumbered declines, 278 to 192 with 216 issues unchanged. on 277,417 shares. “Hansa Petroleum dropped .07 to $1.82 on 106,660, New Cinch Uranium was up $3 5/8 to $17 1/8. on 81,400 and Golex Resource warrants were steady at .18 on. 54,400. Reford Mines rose a dime to $2.50 on 45,450 and States working with volume master Russell Dea tern follows, a. decrease Dec.. 20, Zellers Ltd. of Montreal Zellers ‘ MONTREAL,” (CP) i nounced today its board of + directora, has rejected the ‘opinion that “any |; financtal point of view.” Zel- :~ ufact have expressed concern over: merger proposal made ‘by Hudson's ‘Bay Co. of Winni- peg, saying The Bay's offer of. $16.50 a share.was too low... , Zellers said its financial adviser, McLeod Young Weir Ltd. of Toronto, offered the price of- fred below $18 to $18.25 per is ingdequate from a lers stock closed Tuesday on ‘oronto Stock Exchange at $16.25, but trading .was , halted at the opening today say no. ' for further comment, ‘The Bay, which already owns 67: per cent of Zellers shares, offered on Nov. 21 to buy all: remaining shares and to merge the two department, store ‘chains, with. Zellers Operating as a separate divi- sion. / Conty ‘dlled ‘by ‘members of the Thomson family of Toronto which made ite for- tune In neitepal gra The Bay also ow¥' Simpsons Ltd, * Sevétal! nufacturers * the power The Bay now holds in demanding discounts for volume purchases, and inde- pendent merchagtd are wor- Med. about who this could n in terms of competition a the retail level. - News that Castlegar’s coat if for policing. may rise, to * $885,000 | (90: per cent: of $41,409 per officer) Apri! 1 may raise a few. eyebrows if, that figure is misinterpreted Not so, says Staff Sgt. John Stevens, “The increase’ in the cost has no bearing on the officers ‘stationed here.” While some ‘portion is applied to salary, RCMP afficers certainly do not.’ ’. receive that princely amqunt. Some news. reportsthave given the salaries as $25,000 _ on average. i | Btevens- said costs. for ROMP officers contracted to the city or’ province are calculated to. include : the RCMP's éxponditure for training, providing vehicles and support’ services. Even things like office Vite Increase. in. the city's Coat does not reflect any increase’ going to force members. Every’ five “year ; the’ federal. ‘and* provincial - governments ‘negotiate | a ‘The’ patible : ‘costing agreement and. the Province passes part'of the ° gost to municipalities. - . A. federal-provincial > task force has, been meeting for. two years and recently. notified municipalities throughout B.C, -the ‘new’ agreement proposed would _cost'them 90 per cent of ‘the charges, for their ‘ROMP: contract, employees, of City council is‘ protesting. the proposal which~ could. ollcing end require: a aicmill “tax increase... figure in, It is calculated as 8 . flat rate per officer regard- less of rank. Cc R (CP) — or co "pins ay ee ee ra bernie given. More than 100 vehicles we. checked onthe week- ond \in connection with the ‘Counter Attack program as- * . sisted by students. from Stan- y DEMAND TO GROW - of ‘forrosill: has entered the race to] Pro- ducesfer ilicon ek in B.C.258 } fo Ltd. and Mitsui and Co. Lid. Tokyo, said they will study the feasibility Cc. Inv est ment Corp. led the: indus- trials, steady at $6.15 on 59,425 shares. International Ionare was unchanged at $1.65 on 55,212, Canadian Javelin was steady at $1.65 on 8,848 and Renn Industries was up .16 to $4.25 on 3,100. Webb and Knapp was stable at $5 on 8,000 and K Cycle was steady at $1.40 on 2,200 shares. On the resource ahd de- velopment board, Damascus’ Resources gained .59 to $2.69 = eye ke ‘Another® in oil OTTAWA (CP) —.Can- ada will spend hundreds of millions of dollars more next year to subsidize the price of oil imports as a result of a decision Monday by the world’s major oil producers to increase prices, Energy Minister Marc Lalonde says. The increased cost to Canada could be as high as $500 million a year, depend- ing on the value of the Can- adian dollar and the level of imports. The Canadian dollar has been hovering recently between 82 and 83 cents U.S. The Organization of Pet- roleum Exporting Countries announced Tuesday its mem- bers would raise the base price of a barrel of oil by $2 and $4 U.S. Saudi Arabia, which sup-. plies Canada with about 45 per cent of its total imports, has said it will increase its price ‘by $2 U.S. or $2.34 Canadian, based on an 83- cent dollar. Lalonde said the price increases would result in millions of dollars more each month being directed toward subsidies to eastern refiners to’ pay the difference be- Surprise mail not for him VERNON (CP) — Frank McKerry gota surprise when the mailman dropped off a bundle of letters at his home in this Okanagan community — 52 pieces of mail belonging to 52 different people. the mail was from the health ministry in Vic. toria and included insurance eards for the fell 18, to $1.20 on, 42,000 shares, The most active curb, trader was New Beginnings Resources, up .65 to $4.65 on 120,080 shares. New Begin-- nings warrants gained .61 to $3.60 on 46,600, Macmillan Energy was steady at $2.80 on 88,900 and Oxford Re- . sources dropped .04 to $1.17 on 34,100. Meridian Re- sources rose .03 to $1.15 on 27,000 and Villeneuve Re- sources gained .85 to $4.20 on 26,950 shares. ; increase prices Of: P Ri) ay 7 con is expected to begin in 1983 at a time when Japan's demand for the ferroalloy is projected to be. increasing sharply. Meanwhile, NKK's Tok- > of yo office said it is looking at ferrosilic at Cominco’s Kimberley op- erations. Nippon Kokan Co. Ltd. Japan's No. 2 steelmaker, several pi sites, ib- cluding ‘Prince George and . Kamloops. It, too, sha held talks with Cominco as well ag several other Prospective : study Pi . last fall and has drawn up a $60-million project to build a ir plant with a 60,000-ton an- nual capacity. Sumitomo Corp. of Tok- ~ yo also is holding talks with © West German company SKW | for some form of joint pro-' | duction agreement in B.C. Cominco spokesman Jim Cameron said from Trail that the feasibility study will start in'January ‘art! shenld take about six months. He said if a decision is made to set up a ferrosilicon . plant in the province, Mitsui ‘would have some form of . tween imp and di prices. He said the increases have not eliminated the pos- sibility of accepting Saudi Arabia’s offer to provide Canada with up to 100,000 barrels of oil a day. par Reports from Tokyo said Mitsui and Cominco are plan- ning to produce $0,000 tons of ferrosilicon a year as mate- rial for metallic ;Ferrosilicon, an alloy of 3 and silicon, is used as an additive in steelmaking: 3 :. Advantages of. produc: : tion in B.C, are: @ Large, high-; verade de- posits of silica; @ Adequate’ sources of power (B.C. Hydro, says the load would equal the electric power demand ofa large pulls con exist in Calgary, Edmon-«. ton and the western U.S. as well as in Japan; e Japanese efforts to build power-hungry indus- tries offshore to reduce do- mestic power consumption (the Japanese mothballed the least-efficient 26 per cent of their ca-* of which half will be exported to Japan. pacity last year to conserve energy). (LAMM UCLE DIRECTORY) ie wipe Attend Church 1400 Block, Columbia Ave. Dec, 21st: 8 a.m, Eucharist 10.a,m. Carol Service c. 24th: Christmas Eve 11:30 p.m. Eucharist Dec, 25th: Christmas Day. 10a.m. Eucharist ~ 1471 elimbla Ave. Trail 9364-0 Regular Satu ney Services Pastor Dirk Zinner: 1649 1% Blocks south of Community Complex 9:40 a.m. Sing-Song 30.4,m. Worship and Sunday School Christmas Eve 7 p.m. Family Service 11:30 p.m. Communion jt Ist & 3rd of dental care plan. “All the street addresses were for my place, but, the names were all different,” McKerry said. “The yonly name I recognized was Bill Lyons, 97, who was buried Dec. 8 in Vernon.” McKerry said only cne .” letter should have come to his address, a letter for his father-in-law. Rev. Ted Bristow: 365-8337 or 365-7814 2404 Columbia, Avenue Church Schoo! morning Worship a.m, ‘Paster tre Johnson Phone 365-6762 L 715- 4th Stredt Worship Service 9 a.m. Sunday School 10:15 a.m. Lowell Kindschy Ph. 365-3664 or 365-3662 Listen to the Lutheran Hour Sunday, 11:30.a.m. on n Radio CKQR MEETS SUNDAY Wa.m. Ph. 365-7973 352-5105 below Castleaird Plaza 6317 9:50.a.m, Sunday School 11 a.m. Worship Service 7 p.m, Fellowship Service Tuesday, 7 p.m. Cottage Bible Studies Friday, 7 pm Youth and Family Night Rev. Ed. Wegner, Pastor Ph, 365-2374 AFULL GOSPEL CHURCH 2605 scence Ave. Si 9:45 a.m. Sunday Schoo! 1s ‘WORSHIP SERVICE 11:00 a.m, — Junior Congregation & Nursery Minister H. M. Harvey Phone 365-3816 7 p.m, (for all the family) wS Ze) ONS = woe 809 Merry Creek Road Next to Cloverlegf Motel Castleaird Plaza comity, Bible Hour Morning Worship a.m, Evening Praise 6: p.m. : WED. FAMILY NIGHT Pastor John He Church Office 365-34: -767 - 11th Ave., North Pastor Roy Hubbeard Church: Ph. 965-5212 Christian-Education Hour. 9:45 a.m. . “MorningWorship _ 8:30.a.m. & 11 a.m. Evening Service . : 7pm, ue Tuesday: Bible Study 7:30 p. Saturday: Young People 7:30 Rev. saichast Guinan Ph, 365-7143 Soturday Night Mass Sunday Maases at 8a.m.and10a.m. - ST. MARIA GORETTI Genelle — 12Noon D, There was a hitand- run incident at the Castleaird Plaza Saturday, according to police. Acar owned’ by trica‘Kubos of Castlegar “was' sideswiped, causing an estimated $500 ‘damage. ROMP. are asking for help in finding and identifying: a medium-blue vehicle thought to hi ley. Hun TILL 9 P.M. Thurs., Fri., Mon., & Tues: ed the accident,» ys ce fe Ae ve ¢ ow ZY S 1 has 17. police. officers, two. clerks and a public servant working out of headquarters, Nine officers and the clerks are contracted to the city. The remainder are. the Provines's Teapon- sibility. . The city. now pays 58 per “cent of the current $33,000 per man charge for the first five and 80 per cent for the ay MILLIONS PAID TORONTO (CP) = 'Pay- ments by life. insurance comt} panies to, Canadian: ' poligymi, holders 6r: beneficiaries’ ‘ext!! ceeded “se ‘illlon in’ 19704 the Canadian’ Life Insurande?t z sickni and disability. benefits, 1 ured endowments, f polie idends and GALAXY. XMAS WRAP. “20 assorted sheets $499 For those large. Xmas packages 298 ‘MINATURE SANTA LITES 20 lights, ” looped line 275 Miss Piggy, Musical Dolls,~ Teddies, Bean Ba etc. REDUCED. Pajama Bags, Old-fashioned ALL ‘PLUSH Toys AND aa 7. 30” 15 lights § 5es sold {gshioned is Giemsa. BOXED XMAS CARDS ~ al fede Ekco BATHROOM SCALES erred 3-PLY . GARLAND: § 1 59. 6-PLY | GARLAND 22°? _ BAG OF ‘BOWS " 25 deluxe bows, assort : colors $z19 NUTCHOS BOK. esse ences ee ee ees BLACK Lena “Just arrived,” Liqueur flavoi red lates: MAKE your|; -OWN BOWS six assorted ‘colors. $479 SPLENDID CHOCOLATES 5498 400 teet curling ribbon, In‘heavy duty vinyl double sitchin and ventialted bla COOPER SPORT BAGS. $] 998 burgundy..escsevesss. 2'NOMA ‘XMAS TREE Complete with lights and decorations, white +5? TAGS 'N TIES 7 different assortments to choose from! $] 19 Italian made chess and checkers, set in infoid wooden chest; Complete: Instructions i a Italian inch DIDATTO GAME CHEST $1395) The workman: board and th sre exceptional. Commer in ‘ond see for. yourself... ..i....68. eeesee DIDATTO CHESS BOARD $3395] i Carl's Western Drug Mart. _ Castleaird Plaza, Castlegar ‘CLOSED THIS SUNDAY: Castlegar Drug open from 12 noon - “Ty p.m. &6- alnninad: “Hydro-Quebec says the prov-. ik 4 CITY WORKS amployees clo: Avenue from Woo access: to. Columbia Street, as:part of efforts to promote better’ traffic flow for parking. Changes made today include permitting two-way traffic on ; Wood Street and posting. parking signs on. cole between 3rd parking spaces ar bree on either side) available but parking Is prohibited from 3 to 6 p.m. Towaway signs”: ors poste Dedus “de investment + prograni . MONTREAL (cP) — ince’s rivers will generate three times more electricity by.1996 under a $55.5-billion 18-yebr investment plan out-, lined. Tuesda: In one of the largeat Canadian investment :.pro- esday. - |, grams ever, the provincially- owned utility - committed Quebec t i a develop; bution installations account for about 25 “per cent, and support facilities, including a new Hydro-Quebee head of- fice building in Montreal, for the remaining three per cent. - USE SEEN RISING Electricity use in Quebec is expected to rise six per. cent -a year, reaching 222 billion kilowatt-hours, iby 1996 with 79° billion Kilowatt-h: in'1 ‘ment of its; hy sources and put off laige- scale thermal and nuclear or about 72 per cent of the total outlined in the plan.’ Nuclear and’ conventional thermal power will Play only a small part. Transmission. and distr. growth rate is down from an average of 6.7 per cent a year aince 1965, but stall much higher than elsewhere in North America, where elec: tricity is less widely used in : heating. . This . Quebec veered for fi- nance, said the $55.5-billion” figuro is. hypothetical be- cause spending will be re- . viewed each year to deal with ” changes. iri energy demand, inflation, interest rates, and ‘possible agreemont with. Newfoundland’ on / Labrador power slevelopment. ” «~ * Hydro-Quebec. president Robert Boyd safd the spend- ing program is to meet Que- bec's internal needs, and any surpluses for export are inci- dental. But. early” develop- Mer vaagmnio’ didonot ad by 1084 of thres -Manicouagan River. to prow ett vide 988 fe tts. "Whey also. ‘call: for the 1983". opening | of:: the @00- - megawatt’ Gentilly-2 nuclear‘ power: station near Trois-: Rivieres, Quebec's first com- mereial nuclear plant and maybe its last, unless. the ‘a lifts ment of more projects for medium-term Md ‘supply to New England is , Finarice ministers. seek policy changes . OTTAWA (CP) — vincial finance Minisiata ad are worried about the damaging effects of high interest rates, and some said today: they ‘swant a change: in federal- Inventory study proposed dam. . impact'in works 3 Kersy,Wood Leldal As- sogiates .-of-North Van- ver is making an “inven- tory study” on the possible . impact on ‘city services should the Murphy Creek dam get the go-ahead. ° S : City. Bill government policies. But before opening’ the. annual meeting of federal- provincial finance ministers, federal Finance Minister Al- lan MacBachen told report- ers he has little choice but to terest-rate policy to combat : tion.. its nuclear ‘moratorium, Later in the decade, the second phase of the: La Grande project, the harness- | ing of the Great Whale River feeding into Hudson Bay, and two ;.gas-turbine. plants to. ‘cover peak loads, including a, pumped-storage plant near Québec City, will. add 8,000 of Despite p 1 min- isters’ concern over high in- terest rates, Bank of Canada Governor Gerald’Bouey said prior to the meeting: “I don't like our interest rate and I'don't like our ex. - change rate, but we have to do the best we can in res- ponding to what has hap- pened: to American interest ‘fet interest rates in Canada:.tates--There's no way of climb along with record-high Money: costs’in the'U.S, rs representing - Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island and Krug said the firm — which has worked for the city in the past — is looking ‘at possible: effects on roads, storm sew- ers, sewage and water sys- tems should the operating level of the reservoir above the dam be set at 424,427 or 480. metres elevation above sea level. Mayor Audrey Moore said B.C.”Hydro will reim- burse the city for the cost of the:study which Hydro itself would have done had the city not’ insisted on choosing the consultant. . ‘She said she - saw- no likelihood of a future dispute with Hydro over the consul- tant’s report, because Kerr * ” Wood Leidal will simply sub- mit its findings without mak- _ ing recommendations. NOON DOLLAR * MONTREAL (CP) U.S. dollar in terms of Can- adian funds in noontime trading today was up 1-50 at $1.2096. Pound sterling was up 1.62 at $2.8147.° * In New York, the Cana- dian dollar was down 1-50 at $0.8267 and pound sterling was up 1.82 at $2.3270. PG pulp, paper will install new 3 -recovery boiler PRINCE GEORGE (CP) — Prince George Pulp and Paper Ltd. will install a new . $40-million recovery boiler to comply, with emission’ stan- - dards, says company presi- dent Mark Gunther. Gunther said the boiler _ will be capable of burning éne + * million pounds of black liquor a day. * Black liquor is the waste extracted during the wood pulping process, then burned to recycle pulping chemicals and to produce steam used in the pulp and’ paper Srving process, : all said they “are prepared to accept a. lower dollar rather than ‘watch interest rates go even higher — as is expected this week. - Prime interest rates, now 17:5 per cent for the best corporate borrowers, have risen sharply because the U.S. is pursuing a high in- * Power rates | are going up, hearing is set ‘West Kootenay Power and Light Co. .has been granted an interim rate in- crease of 18 per cent, effect- ive Jan. 1. The company said in a ‘press release that public hearings on its Nov. 14 application to the B.C. Utilit- * ies Commission to revise its rates will be held March 9in Kelowna. ‘ The interim increase, granted by the commission, is subject to refund with, interest at 12 per cent per year. . West Kootenay cited “rapidly escalating costs” for seeking to revise its rates, h going. your, own way. You have'tarespond to what hap- ° pens | outside the country.” Gautier joins labor board; joaves council