5 Castlegar News November 10, 1990

LOCAL/NATIONAL NEWS

Nog
DISHING~~
IT
OuT

Even busy provincial
secretaries have to eat
sometimes. Nelson-Creston
MLA Howard Dirks finds time
to chow down during the
banquet was part of the
Opening ceremonies for the
senior girls Provincial field

You provide the love,
We provide the magic.

Personal Representative
For Areal

D4

Charlie Semenoff
For a New Beginning

. “We are only a phone call away!”
9a.m.-9p.m. 7 days/week
Quality Jewellery «
Consultations «
Special Orders «
Affordable Prices «
Imported Goods «
Robert Branning

—Gemologist—
1694 Silverwood Cres,

Castlegar, B.,C., VIN 2M
Ph. (604) 365-3910

x In Castlega on
were held in Castlegar last
weekend. .

Costtews photo by Corinne Posinikolt

Layoffs force families
to reassess lifestyles

By ROB CARRICK
The Canadian Press

Until he was laid off, Ron Nash was the kind of
disciplined saver most people might admire, even envy.

He and his wife Ardis paid off their home in Win-
nipeg five years after buying it for $46,000 in 1976
Their strict saving regimen also let them build some
modest investments while raising their son Ryan, now
10.

“We lived on a kind of COD basis,”’ says Nash, 41.
“*We weren't used to living with large debts.”’

Then, in early 1988, Nash lost his job as a butcher
at Canada Packers. In the following 10 months before
he took a new job, his family gained more than a
passing familiarity with debt.

More and more Canadian families must cope with
a similiar situation as recession takes hold of the
economy.

Statistics Canada reports 631,000 people out of
work in Si because of y, indefinite or
Permanent layoffs. That’s up 20 per cent from 526,000
in the same month last year.

In October,. layoff announcements came almost —-

daily: 2,900 at Air Canada across Canada; up to 330 at
Dominion Textile Inc., in Yarmouth, N.S.; 50 at
American Express in Markham, Ont.

Being laid off means learning to live on a drastically
reduced income, says Dennis Atkinson, vice-president of
a Winnipeg local of the United Food and Commercial
Workers that has seen 2,000 members laid off in the last
10 years.

“You have to cut back on your driving, you don’t
go to the bar or the restaurant as often,”’ says Atkinson.
“The kids may have to do without new hockey equip-
ment this season.””

Tom Delaney, a personal finance adviser in Toron-
to, puts it more harshly: “If you’ve got a mortgage and
kids, a layoff can be devastating.’’

Help is available, though. Credit counsellors, per-
sonal finance experts and union officials all have
Suggestions to make post-layoff money management
easier.

If the layoff is permanent, your first consideration
is what to do with the severance pay. This money is
vital because you may have to rely on it until unem-
ployment insurance kicks in — and that may be weeks
or even months, depending on the amount of severance
pay

Severance cheque in hand, many people im-
mediately want to pay off debts, says Samantha (Sam)
Hastings of the Credit Counselling Service of
Metropolitan Toronto.

That’s a potentially disastrous move, she says.

ADVICE

“I've heard of people who have used their severan-
ce cheque to pay off their credit cards,’’ Hastings says.
“They owe nobody any money, but their mortgage
comes due and there’s nothing there.’’

Delaney having your deposit
your severance pay directly into a registered retirement
savings play. That way you avoid a tax deducation on
the whole amount before you even see it.

But be sure the RRSP allows you to dip into it from
time to time, Delaney cautions. Plans of choice include
term deposits of 30-, 60- or 90-day duration;-or even a
daily interest savings account

Once severance pay is safely sheltered, prepare a
budget to determine your monthly living expenses,
Hastings says.

Among items to include are rent or mortgages,
utilities, food, transportation and a minimum monthly
Payment for credit debts.

If, for example, the budggisshows montly expenses
of $1,000, then that’s the amount to be withdrawn mon-
thly from the RRSP, says Hastings.

Remembr, though, that money taken out of an
RRSP-is subject to a so-called withholding taxr ate

For withdrawals of up to $5,000; Delaney says the
tax rate is 10 per cent. From $5,000.01 to $15,000 the
fate increases to 20 per cent and after $15,000 the rate is
30 per cent.

The tax is collected by the financial institution
holding the RRSP, but some or all of it may be later
refunded by Revenue Canada, depending on how much
you've earned over the year.

Nash, a 15-year veteran at Canada Packers when he
was laid off, received $4,100 in severance Pay under his
union contract. This was put into an RRSP on the ad-
vice of financial experts brought in by the union.

Nash has suspected for a while that the layoff was
coming, so he and his wife had avoided major expenses
and kept their credit cards relatively clear.

“‘But I don’t think either of us was Prepared for the
income limitations that actually happened following the
layoff,"” says Nash. “‘At the end of every month, we
found we were accumulating bills we couldn’t pay off.””

While receiving unemployment insurance, Nash at-
tended a community college retraining course in sales
and marketing. His wife worked part time in a store.

Ten months after the layoff, he landed a job selling
welding supplies. P

Times are better now, but Nash says he and his wife
still haven't given up all of their frugal ways. “I keep
thinking, ‘We could go through this again.’ "*

Health board
encourages
senior input

A health survey for seniors is now
ready.

KOODRIN Nina Lynn

— A Dedicated Parent

— Freedom of Choice

— Equal Oppértunity
for Quality
Education

For School Trustee
Area “I"
VOTE

The Castlegar H Com-

munity Partnership board en-
courages everyone 55 years old and
over to fill out a survey, said Carel
Scott, who is coordinating the sur-

“ RE-ELECT
FOR

“Your input is needed now,”
Scott said in a news release. “Once
the health needs and concerns of
People 55 years and over are clearly
established, funding can be sought to
meet the expressed needs.’’

ALDERMAN

SLOW
MODE OF
TRANSPORT

Daryle Rizzotti chugs along a

residential street in north

Castlegar on Thursday.

Rizzotti, who works for

Pinerid, tsp 2 was on his
@ dri

way to fin! lveway on
Toth Avenue.

BUILD FOR

A LIFETIME .

VOTE

HORSWI LL, Bon

aS

nie-Gail X :

VOTE...

¢ For a man who can
devote his FULL TIME
and concerns for the
benefit of our city.

° A25 year resident.

FOR ALDERMAN

(CHAPMAN, sim

|X]

National rate jumps

OTTAWA (CP) — The national
unemployment rate jumped sharply
to 8.8 per cent in October, its highest
level since July 1987, Statistics
Canada said today.

The 0.4 increase is the fifth rise in
the rate since April when unem-
ployment stood at 7.2 per cent.

The agency said women and older
workers took the brunt of the in-
crease.

Among women, the unem-
ployment level jumped 0.8 per cent
to 9.0 per cent and only edged up

The unemployment rate rose 0.5
to 7.7 per cent among those aged 25
and over while showing little change
at 13.7 per cent for those aged bet-
ween 15 and 34.

Among the provinces, the unem-
ployment rate rose in Prince Edward
Island by 0.9 per cent to 14.4 per
cent, New Brunswick 0.5 to 12.8 per
cent, Quebec 0.6 to 11.1 per cent,
Ontario 0.8 to 7.2 per cent, Saskat-
chewan 0.3 to 7.3 per cent, Alberta
0.5 to 7.7 per cent and it edged up in
British Columbia to 8.7 per cent.

It fell by 0.2 per cent in Newfoun-

municipal election day Nov. 17 at
Polling stations in the Castlegar area.

They are also i at the
Castlegar Library, Castlegar
Hospital, city hall, the Community
Complex, Castlegar Community Ser-
vices, the Home Support office, Cen-

SMECHER Doreen

tral Kootenay Health Unit, Celgar
Pulp Co. and the Castlegar Seniors
Centre.
» Community amgetings are
scheduled for Shoreacres Hall at 5:30
p.m. Nov. 24, Robson Hall at 1 p.m.
Nov. 27, Brilliant Cultural Centre at
7 p.m. Nov. 28 and the Senior
Citizens Centre in Castlegar at 2
p.m. Dec. 6.

Refreshments will be served and
Participants can fill out the survey at
the meetings .

ARROW LAKE
ELEVATION

Present: 1444.19 ft.

Forecast of
Elevation
Forecast: 1443.84 ft.

865 Columbia Avenue
Castlegar, B.C.
VIN 1H3

SD.

Dear Parent:

daughter/son is progressing in school.

Principal of your child(ren)’s school.

GORDON TURNER, Chairman
Board of School Trustees
School District No. 9 (Castlegar)

PARENTS OF
SCHOOL DISTRICT No. 9 STUDENTS

To this end the Board of School Trustees has approved Monday, November 19 and Tuesday,
November 20 as non-instructional and study days. On these days your children will not attend
school as the teachers will be involved in sessions dealing with the Primary, Intermediate and
Graduation Programs. As well, teachers will be meeting with parents to discuss how their

!t should also be noted that parents are invited to attend and Participate in the general
forums dealing with the Intermediate and Graduation Programs.
These sessions will be from 8:30-10:00 on both Monday (K.J.S.S.) and Tuesday (S.H.S.S.).

Trustees take this opportunity to thank you for your cooperation in this matter
have questions or concerns please feel free to call the Superintendent of Schools (365-7731) or the

Board of School Trustees
Telephone: 365-7731
FAX: 365-3817

90.11.08

Should you

Voted CMA Female
Vocalist of the Year
two years running!

Sheraton Spokane Ballroom

December 29 and 30
Dinner Shows 6:30PM
Cocktail Shows 10:00PM

$27.50
$15.00

All prices in US. funds

Reservations:
1-800-848-9600 ‘S)

Mae!

Sheraton Spokane

HOUR
PHOTO

365-2211
“Picture “Place

Castleaird Plaza

New Year’s Eve

Dinner Show, ‘live dance music,
party favors, champagne and
fun all night long! $50.00

Overnight room
Packages available!

_

slightly to 8.6 per cent for men.

diand to 16.7 per cent, 0.3 in Nova
Scotia to 10.7 per cent and 0.4 in
Manitoba to 6.6 per cent. *

Sectors hardest hit

ing, where

dropped by 28,000 jobs, community,
business and personal services,
29,000 less, and public administra-
tion with a decline of 16,000.

Unless otherwise stated all
Statistics are seasonally adjusted.

Action Ad Phone
Number is 365-2212

included

gor ReNG0n to 4 p.m.

DOWNTOWN TRAIL

BRIEFLY

From Wire Service

Cominco purchase announced

A division of Cominco American Inc. has announced that the ==
Cominco American/Alenco Nitrogen partnership has purchased a
storage facility in Kansas from Chevron Chemical.

The facility includes a 20,000-ton ammonia storage tank and a
15,000-ton urea ammonium nitrate solution storage tank. Situated on
90 acres, the office, control room, service shops and general/storage
buildings are included in the transaction.

Dale Massie, vice-president of marketing for Cominco Fertilizers,
said the storage facility will allow the company to better serve the
fertilizer needs of the Kansas agriculture area.

“*We have positioned ourselves to be able to respond quickly to
the fertilizer demands of our Kansas customers.””

Pulp mill closes for month

MONTREAL — Canadian Pacific Forest Products announced
it is shutting down its pulp mill in Gold River, B.C., for one month.
month.

The company said the shutdown is to keep its inventories ‘‘in
balance with the market demands.”

The mill shut down Nov. 4 and will resume production Dec. 3.

The Gold River mill can produce 240,000 tonnes annually of
bleached softwood pulp, most of which is sold to overseas markets

At Home Hardware
Building Centre

REGULAR PRICED ITEMS

“Except Building Material, Electronics, Small Appliances & Power Tools

WE DELIVER ANYWHERE IN
E WEST KOOTENAY
Serrany 8008.90

—_ 8130 Old Wenete Rd., Trail, B.C.

(Ak| Home Bijeci a
“**) harctware 364-1371

buuding centre =e eee SS)

Advent
Calender

24-Day Christmas
countdown beginning
Dec. 1
Reg. 1.99. SALE

1.57

Aqu
Toothpaste

3 pack.

Thermal
Socks

Men's, fits 10-13.
Blue, black,
grey or
white.

.88

Cat Food

175 g tin.
Chicken, tuna or
gourmet
Reg. .49. SALE

/1.00

Video
Cassette

Protek.
VHS
T-120, V150
Reg. 3.99. SALE

1.97

Antifreeze
Coolant

Auto Prix, radiator.
4 litres
Limit 2 per customer
Reg. 11.99. SALE

6.97

Closet
Savers

Complete set of 5.
Improve closet space
by 400%

Reg. 4.99. SALE

2.27

Cordial
Cherries

Royal.
8 oz.
box.
SALE

Feature
Value Pillow

Chip foam.
Non
allergenic.
Reg. 3.77. SALE

Monday to Thursday 9:

HMI MLES YI

Christmas

9:30 to 9:00
9:30 to 5:30
Closed Nov. 11

1:30 to 5:30

Pep
Dog Food

25.5 oz. can.
Beef, liver
or chicken.
Reg. .89. SALE

2/1.00

1280 Cedar Ave., Trail
Reg. refers to Zellers regular price
We reserve the right to limit quantities

HOTEL

—