ANNUAL MEETING . DECLARES DIVIDEND + Doug Stanley, chief executive otficer of Kootenay Savings Credit Union, esdrouiga Tomdey night. organization's ‘annual meeting iq Trail | CouitensProto KSCU nets $100,000 icecenil actin onnlan tease cpocietedinat well of nearly $100,000 in 1985, the credit union reported at its ee CL ac cersainele However, that was down more than $360,000 from 1984. KSCU had a net income of $99,769 in 1985 compared with 1,500 new members to the organization. It is projected that the Kaslo branch will be profitable for 1986. Biagnioni also singled out KSCU employees for contributing time and expertise “during # very trying and diffieult year.” THe old eredit uniet, navubers that their “continued utilization of the many services offered is the acid test of financial viability of Kootenay Savings. 1985 was another successful year for Kootenay Sa Insurance Services Lid. Gross revenue increased by 12 per cent while operating expenses increased by only eight per cent. Net earnings jumped by 22.6 per cent in 1965. control of op: coupled with a higher than normal rétention of insurance policies in " Panred “We also responded to the growing needs of those members who elected to take a lifetime annuity option when converting their registered retirement savings plan,” he said. Chief executive officer Doug Stanley reported an increase in the credit union's assets. Total assets grew to $134 million — an increase of $8.5 million over the previous “This result is particularly temarkable given the local prepara’ ship-related y and business climate of the area,” Stanley said. Total revenue increased by $800,000 over 1984 due principally to increased income from investments and non-interest related services. GRANTS ANNOUNCED Theatre Restoration project to hire three workers for 29 weeks. ~ $16,333 to hire four workers for 12 «$12,392 to hire three workers for 12 weeks to improve the Nakusp Golf at Three Island Resort near New Denver. © $16,377 to hire four workers for 12 © $23,708 to hire five workers for 14 weeks to help construct « tourist information centre in Salmo. @ $53,931 to hire nine workers for 18 weeks for improvements to the Cres- ton Valley Wildlife Centre. * $6,090 to hire three workers for six weeks for an egg farm project in Creston. ‘e $13,250 to hire four workers for 10 weeks to enhance a Creston 4 @ $13,437 to hire three workers for 13 — for a Creston mushroom farm nye $82,841 to hire six workers for 16 weeks for a Kitchener campsite project. @ $17,225 to hire four workers for 18 weeks for a project at Bellomo Farms in Wyndell. COMINCO continued trom front page The women's grievance failed at in-house stages and the union has re- fused to take it to arbitration, saying the issues involved have been grieved before and Comineo’s position upheld. WANTS OPINION Local 480 Bobby Schmidt said the union is asking the labor board for an opinion on what. the union's responsibilities are. “We know we can't win a grievance,” said Schmidt. “What we want to know is whether we have given the women & wings fair hearing.” “There were other people being laid off with more seniority who were suffer. ing just as great, if not greater, financial hardship. There was no longer any reason to differentiate.” laying off the 14 part-time cleaners ea save the jobs of eight full-time people and bring the cleaners seniority list in line with the rest of company employees in terms of mini- mum length ‘of service. In February, Cominco laid off 300 workers, then laid off 25 more about two weeks later. Total workforce at the lead-zine smelter now is about 2,000. GARBAGE continued trom tront poge call a meeting of the regional district's action has been taken in the past when the RCMP laid charges “on one or two occasions,” they said most of their complaints have been passed from one official to another without result. Té fe’ because’ of ‘these’ past frus- The Popoffs said the problem of illegal dumping worsened about five years ago when the regional district put gates on the dump and established hours of operation. The move came after the RDCK was fined for not maintaining the landfill in a proper manner, Voykin explained. One possible solution, he said, might be to put garbage bins outside the gates so that people could dump their garbage when the landfill is closed. But Voykin also questioned whether the people who dump their garbage illegally would bother to use the bins. Castlégar TREET TALK THE PROPOSED SUPER Save bulk fuel storage plant won't be going ahead. Harry Smith of Kinnaird Home Heat Service Ltd. told city staff recently that the city’s development restrictions on the property weren't acceptable to the company. Smith's company had asked the city to rezone a parcel of land on 6th Avenue from light industrial to heavy industrial to allow for the bulk fuel plant. Council would only agree to the rezoning if the bylaw included limits on heavy industrial uses. JUST HOW MANY Castlegar residents work at Cominco has always been a point of interest. Mayor Audrey Moore reports that Cominco employs 310 Castlegar residents. In addition, there are another 218 Cominco retirees in Castlegar and 19 in Robson. That's a total of 547 Cominco employees and retirees in the area. LOCAL SOCREDS will be holding a dinner/dance April 19 at the Sandman Inn with a number of BC. cabinet ministers in attendance. Cari Price says Education Minister Jim Hewitt and Lands, Parks and Housing Minister Jack Kempf should be there. “We're trying to get (provincial secretary) Grace McCarthy,” adds Price. The dinner/dance will follow a workshop that day involving Social Credit constituency workers from Rossland-Trail, Nelson-Creston and Boundary Similki- meen. TUIE CANADNAN Caneer Society hep. pn see © disclaimer. The society says it is not associated with The" Cancer Research Society Inc. of Quebec which is currently soliciting funds through the mail. “What's in a name?” asks the Canadian Cancer Society? “There are several registered charitable organ- izations in Canada which ask the public for money to fight cancer, or some form of cancer, and it is that donors are sometimes confused over certain similarities in names.” The Cancer Society is the only cancer-related fundraising charity with a national charter and with fully organized divisions in each of the 10 provinces. There is also the National Cancer Institute of Canada, which uses the funds raised in Terry Fox's name for cancer research. None of the funds raised in Fox's name are directed to support the Canadian Cancer Society's program of public education and service to patients. THE OLD Nellie’s Pizza palace on Columbia Avenue now is home to Copytron and the Castlegar Home Support service. STEAKS 22.2 BONE IN. GOVERNMENT INSPECTED. ........,..kg. BABY LIVER LIVE SHORT RIBS sa, 919° | STEW BOLOGNA sam, 99" CHEE WH $359 | FREI KIPPERED SACKS 91° APPLE WIC, 2279" SLICED PINEAPPLE, $102 i $7 15/1 SUMMER SAUSAGE GG? FRENCH FRIES $4.39 APPLE SAUCE 79° ee er ee [VEGETABLE SOUP 9 §Q° AT YOGOURT MARGARINE 3.51" 4 ne ICE CREAM 7 $3" 10 Kg... VELVEETA CHEESE SLICES OIL 3... °S QUAKER OATS SALAD DRESSING| PAPER $968) 9. R TOWELS 99° Kootenay Savings Credit Union also acquired Kaslo Credit Union, Biagioni said, but only after a thorough in-depth study, analysis and negotiations. On the expense side the percentage of non-interest expences to average assets increased to 4.11 per cent from Fun Run raises money DOG FOOD On Oct. 1, the merger took place bringing more than PAINTING & DECORATING 2649 FOURTH AVENUE casTieGar 8 © vin 2st 365 3563 Carol Magaw Dianna Kootnikott ADVERTISING SALES bes GAR NEWS MaW® 3007 CASTUGAR BC ven ae CASTLE! rrison Jack Mor rll find itt” REPAIR LTD. —————_——- JOSESS AUTON 3.93 per cent in the previous year. “This was less than the rate of growth in corporate assets,” Stanley said. “The modest increase, while favorably below plan, reflects increased business volumes, major on systems marketing and the financial impact of the non-cost to member automated teller machine service.” Stanley told credit union members that a major factor affecting earnings for 1985 was interest rates and the effect on net interest margins or spreads. “A fierce competition environment saw lending rates decline disproportionately to deposit rates as institutions sought higher levels of liquidity to shore up consumer loan demand,” he said. “Our strategy in coping with this environment was to maintain our spread above three per cent, achieve bouyant asset growth of seven per cent and contain operating expenses within a 10 per cent increase.” Stanley said these objectives were all achieved but the main negative influence on earnings in the past year was loan losses. Kootenay Savings lent $103,456,607 is compared to $96,844,067 in 1984. Loan losses totalled $763,278 compared to $510,503 in 1964. He added that although Kootenay Savings did much better (0.73 per cent of total loans) than the country's five leading chartered banks (.90 per cent average), the effect still dragged down results. By CasNews Staff Good Friday's motorcycle Fun Run attracted 112 par. ticipants on 86 motorcycles and raised $2,627 for the Muscular Dy: y Associ ation. That's approximately the same amount raised last year, said Syd Bates, owner of Syd’s Cycle in Trail where the ride started. He added that another $1,000 was raised at an evening dance. Darlene Schultz of Robson raised the most money in the Council won't waive charges By CasNews Staff Castlegar council won't give the Castlegar school district a break on develop- ment cost charges for the addition to Stanley Hum “As a result, it is prudent that our pi for loan losses remain historically high until there is general improvement in the economy,” S' y added. No elections of directors place at the annual meeting. The terms of office of Joe Biagioni, D. Thomas, Martin Kruysse (Trail region) and Nick Ogloff (Castlegar/ South Slocan) were due to expire. But the four were re-elected by acclamation to three-year terms earlier in the year. Cromwell to chair forum on economy * By CasNews Staff Jim Cromwell, director of include renovating city hall — at a cost of some $9,000; putting the board office in a trailer on the lot adjacent to city hall; renting space in the Castlegar Chamber of Com merce's new office; or rent Police file phries secondary school. John Dascher, school dis trict secretary-treasurer, had asked council to waive the development charges. “I do not feel it is approp- riate to levy such charges to the school district where renovation work and/or addi- tions to existing facilities are “he said in a Castlegar RCMP report that three young offenders have been identified as res- ponsible for $800 damage to a department of -highways loader. and for spray painting at the regional dump in Ootischen- The offences occurred over the past week. Under the Young Offen- ders Act, the names of the youths cannot be released. The investigation is contin- uing. letter to city building inspec- tor George Braman. But council in committee of the whole decided that it can't waive the charges. However, council says the school district will receive a “substantial reduction” in the cost charges because of re- location of the school's north property line. Talm with his 1944 Harley Erickson was the Davidson. economy. The tentative date for the forum is May 13. The development board plans to invite 50-60 com- munity leaders to the forum, in addition to area service clubs and the general public. ing space elsewhere in the city. The board has written to the chamber asking for infor mation on space available in its new office building. The board is also investi- gating the cost of an inev- bator building. As well, it will try to meet with B.C. Hydro representative Peter Calder when Calder visits the city later this month. FOR THE RECORD In Sunday's Castlegar News, an obituary on William W. Chernoff stated he mar- ried Katie Markin in 1927 at Ootischenia. In fact, he mar- ried Mary Pooliachoff. Youngest rider was Byron Irwin, 16, of Fruitvale. Gordon Puttock, 68, of oldest Fun Run bringing in $538. The award for the oldest motorcycle went to Graham rider. COLLEGE continued trom front page room, than Woodward enters to find her gone. Finally, after Bradley has seen all the aspects of the program with the students and instructors, her time has elapsed, just as Woodward finally catches up with her. Feeling he's blown his chance of talking Bradley into coming to Selkirk College, Woodward is surprised to hear she “wouldn't miss next fall for anything.” Other members of the cast are instructors Fred Wah, Steve Kresta and Gordon Mackie, all playing themselves. Sean Rooney plays Bradley's uncle. The film includes a guest crew of young men and women who are getting their start in the Canadian film industry. The film's director is Zale Dalen, one of Canada's premier directors. The Vancouver-based director is in job and d to come to to direct the film. “I like doing this kind of thing (working with students),” Dalen said in an interview. Dalen has two Genie awards — the Canadian version of the Academy Awards — to his credit. In 1976 he made a film called, Skip Tracer, which gained considerable critical success — mostly outside Canada. It was the first Canadian film in 16 years to be invited to the New York film festival. In 1977 Skip Tracer won the Wendy Michener award, the critic’s choice at the Genie awards. A second feature, The Hounds of Notre Dame, won a best actor award for Tom Peacock in 1981 at the Genie awards. Besides his two major films, Dalen, who lives in Of The Tour, Dalen says stars Woodward and Ball are “just great.” “Alex Ball is really a good actress. She has natural talent,” he said. Shooting on the film began Monday and will continue for the rest of the week. About 35 students and 10 crew members, as well as instructors are im order to attract “quality” students to the program. Zammit new sawmill boss By CasNews Staff Westar Timber’s Southern Wood Products in Castlegar has a new general manager. Wade Zammit, 28, took over from Jim Cross last Thursday. Zammit, who has been employed by Westar since February 1983, had been the production manager at Southern Wood Products. He worked previously in the quality control section of Westar's Plateau Operations in Vanderhoof and was the manager of Kitwanga Lum ber Operations near Terrace Zammit graduated from the University of Alberta with a bachelor of science de gree in forestry He is married and has one son. Cross, 38, leaves to become vice-president of pulp. mar keting at Westar’s Vancou ver office. He said today he takes on the position officially in June. Until that time he will be spending some time at Celgar Pulp Operations in Castlegar. Cross will be responsible for the world-wide marketing of pulp products from the Castlegar and Prince Rupert mills. He said the reason for the move is simply that Westar needed a vice-president of marketing “I was asked by the vice president of the company if I'd like the job and I ac cepted,” he said Cross has previous experi ence in marketing with Mac Millan Bloedel’s Alberta wholesale distribution sec tion. Prior to coming to Castle. gar last June, he was man ager at Westar Timber's Terrace sawmill. a enneemnelll NOTICE H. L. Keenleyside Lock Shut down April 1 to 4 inclusive. Please contact 365-3115 to determine availability on April 5 & 6 NOTICE H.L. Keenleyside Downstream water levels will be fluctuated April | to 4. Water levels will be lower during the day. @ BCHydro management is now as close as your Credit Union! How MASTERPLAN™ helps. Beceees MASTERPLAN™ you Union MasterCard card. you can use i to make purchases and your receipt is your record. your Credit Union card at more than At Your Participating Credit Union. 3) Castlegar Savings = 99" | Be YY. 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