By KEN SMITH CP Ecomemics Writer If you read the anual report of any publicly owned company in Canada, you'll find it includes an auditors’ report. This certifies that outside auditors have checked the Investing in federal gov't. Usually, when a private-sector Ottawa, but you can't help wondering, either. Grace's speech notes that Canada is among the pany's books “in with auditing standards,” and confirms that the financial statements outlined the firm's position on a fair basis. Well, almost any publicly owned company in Canada. An exception? It's the biggest in the country and it’s called — among other things — the federal government. Even if you don’t own a share in one of Canada’s fa or service ies, you do own a share of the fedeal government. Your next investment comes due when you send in your income tax for 1984. But if one of those so-called private-sector industries tried to get away with feeding you as little information — or even downright figures — as does Ottawa, it would quickly find itself answering to all sorts of regulatory agencies created to protect the investing publie and perhaps even to the fraud squad. GETS AWAY WITH IT But the feds get away with it. William Grace, president of the Canadian Institute of Chartered Accounts, said in a recent speech he's amazed there isn't more public outery about how federal finances are reported after the federal auditor general presents his annual report. That report always outlines horror stories, but after a few days’ headli ind ision news a reports, the whole mess is forgotten until the following year. You can't help wondering why Ottawa, and provincial governments are also guilty, isn't more generous with financial information of its shareholders, who happen to be the citizens of Canada. leaders in on what its federal government does with the taxes it collects from you. NOT GOOD ENOUGH That's great, he suggests, but it's not good enough. He further suggests that because of inadequate or even inaccurate financial reporting, no one really knows how bad Canada’s money situation is. The 1984 federal deficit is reported to be about $37 billion, raising the country’s debt to $157 billion. But are those figures accurate? Not according to those “ d auditing ” In fact, no one knows for sure what the real picture is, because Ottawa has never reported its financial picture on a fair and full basis. It hasn't, for example, included the financial results of its Crown corporations or federal pension plans. While some income has been unreported, its likely that the debts should be increased by many billions of dollars. Grace notes that the latest auditor general's report points out the full actuarial liability of the Canada Pension Plan in 1984 stood at $208 billion — “none of which is provided for . . .” He adds: “Now that is real money.” There's some hope, however. The Mulroney government had indicated it wants to move closer to those generally accepted accoun' while the ch ’ insti continues to work with the government to try to establish fair guidelines for its financial reporting. It's a rash person, though, who would predict when positive results might be seen. ‘POTENT NEW WEAPON’ Part-time work hurts unions ? OTTAWA (CP) — Canadian employers are turning part-time work into a potent new weapon against organized labor, warns the country’s largest union. “It is a subtle but devastating process,” the 300,000-member Canadian Union of Public Employees argues in a study entitled The New Bargaining Challenge. “The unprecedented growth of part-time work a I to the of full-time jobs. “Unless the growth of part-time work is curbed, fewer and fewer full-time jobs will be available to those seeking work.” Part-time workers accounted for only 3.8 per cent of Canadian workers when Statistics Canada, the federal data-gathering agency, first began keeping track of them in 1963, the study says. By 1968, the latest year for which statistics are available, the total was 14.9 per — 1.7 million workers — and part-time work had become the fastest growing segment of the labor foree. “Between 1975 and 1983 nearly 50 per cent of the total increase in employment was due to the growth of part-time work,” the study says. “Statistics also indicate that a large number of part-time workers would have preferred full-time work.” The big attraction of part-time work for employers is cost-cutting, CUPE says. Part-timers as a group are paid substantially lower wage rates than full-time workers and most receive fewer fringe benefits. AVOID OVERTIME “Part-time or casual staff may be used in order to avoid paying overtime or shift premiums to permanent full-time employees,” the study adds. “This could represent a double saving for an employer by avoiding premium pay and getting the work done for a lower rate.” CUPE acknowledges that magsive erosion of full-time jobs is in its own d in the health care and municipal sectors. VANCOUVER (CP) — In the industrials, El Dor- ado Systems fell .75 to $1.70 on 159,900, B.C. Resources was steady at $2.60 on 14,580, “Norsat International was unchanged at $3 on 5,000 and Bank of B.C. remained at $6 3%8 on 2,500. Datatech Systems was steady at .65 and Webb and Knapp was Energex Minerals rose .06 to .66 on 157,500, Contact Ven- ture climbed .07 to .85 on 57,500, Zenco Resources and C.T. Exploranda - vanced .02 to .38 on 50,500. ‘Dassen Gold Resources re- mained at .40 on the Zytec WITCOMB’S WAR Tonight 6 p.m. at the Pentecostal Tabernacle This film ministers to all focets ot the community. LOOK NOW! ALFONSO Stock report Loans on the upswing Dominion Bank. strapped for cash, he said. “If tok’ Cos , by increasing Car egy me maximum monthly from $8.39 to $10.00 and the authorized. maximum in- were authorized on 27 August 1984 (Decision CRTC 84-675). Georgia, Box 10105. Vancouver, Gritish Columbie V7Y 1Cé. interventions must be filed formation you may also call the CRTC Public Hearings 997-1328 oF eam savings in tacular discounts. SKI SUITS & JACKETS Ladies. Reg. $55 - $140 GIRLS nears... $20 - $27°° JACKETS MENS JACKETS Reguior $88 ALL WINTER BOOTS Savings of CHILDRENS Reg. $18.99 - $19.99 Now that the season's hectic pace has slowed, we can get down to some serious store! Our CLEARANCE SALE is set to go, with spec- $22” - +10 ows. $ 15 - $25 JANUARY 1 2 PRICE -*44 Y, OFF 13 APA LADIES’ & MEN'S WEAR “Where Service Begins” JANUARY SALE puters declined .10 to $2.05. On the development board, Longboat Resources was steady at .50 on 599,000, Skelly Resources was uh- changed at .43 on 362,600, Discounts From Primrose Tech was down .09 0 0 to .92 on 219,400 and Adna- 0 te 0 ron Resources fell 03 to 82 | On Ladies Garments Only on 163,100. Aegis Resources was up .05 to .40 and Inter- national Cherokee climbed 1364 Bay Ave.., Trail 02 to 42. 368-5314 There are times when you can’t get to the credit union before it closes. And there are times when you just run out of cash. Kootenay Savings Credit Union has the answer for those times. The Kootenay Savings Cash Card. The Kootenay Savings Cash Card gives you access to your accounts 24 hours a day, 7 days a week from our branch locations in Castlegar and Trail. WIN “1000 Use your Kootenay Savings Cash Card at least three times a month and you could win one of four $1000 term deposits! Details at all branches. Ask about the Kootenay Savings 24 hour Cash Card at any branch of Kootenay Savings Credit Union. When you're on the run and you run out of Castleaird Plaza money get 24 hour cash without a hold up. Kootenay Credit Union CASTLEGAR « SALMO * SOUTH SLOCAN NAKUSP « NEW DENVER + WANETA PLAZA St an Ne KITZBUEHEL, AUSTRIA (AP) — While Pirmin Zur- world’s best all-round male skier Saturday by winning his second World Cup down- hill in as many days, Cana- dian Todd Brooker regained his credibility on the elite cireuit with a third-place bronze. Rated by rivals as cur- rently the world’s best skier, Zurbriggen was also setting up @ possible sweep of Alpine events at the world cham- pionships later this month in Bormio, Italy, since the de- fending World Cup overall champion was already a fav- orite in the slalom and giant slalom. No male skier has dom- inated all three disciplines since Frenchman Jean- Claude Killy in the 1960s. Zurbriggen had never won a World Cup downhill until this week when tour organ- izers ran two downhill races on the difficult Hahnenkamm course because of variable weather conditions prior to the Christmas break that cancelled several events. Zurbriggen, 21, overcame a knee injury suffered near the finish line and displayed near-perfect style in winning Saturday's race in two min- utes 6.95 seconds. Runner-up Helmut Hoeflehner of Aus- tria had a time of 2:07.21 on the gruelling Streif track and Brooker — who was 22nd in Friday's race down the same track on which he won in 1983 — was third in 2:09.10 Two Swiss Skiers followed — Franz Heinzer in 2:08.55 and Peter Mueller in 2:08.58. Several skiers fell on the 3.5-kilometre-long course that dropé 870 metres and features dangerous turns and steep schusses. Brooker said later he thought he had a good chance at a gold medal but lost it in the Hausberg section néar the bottom. “I went so low going into the Hausberg I almost miss- ed a gate competely .. . I didn't keep my skis gliding down the hill, so I lost a lot of time.” Olympic champion Bill Johnson of United States was disqualified after placing 10th at the intermediate point. He leaned dangerously backward to avoid a bad fall lead in the overall World Cup standings with 179 points followed by Mare Girardelli, an Austrian skiing for Lux- embourg, on 140 points. An- dreas Wenzel of Liechten- stein was third with 117. Zurbriggen also took the lead in the downhill stand- ings with 58 points, ahead of Hoeflehner, 57, and Peter really hanging a lot (Friday),” Brooker said. “Today I just tried to let everything got a little bit more . . . I didn't have a good line, I didn’t feel all that good, but there you go. You TWO ON ONE . . . Castlegar Rebel gets closed in by two Creston Clippers while attempting to get near By GARY HYSON Castlegar Rebels extended their winning streak to four games Friday night, as the. Kootenay International Junior Hockey League team defeated Creston Clippers of the East Division 10-7 at the Castlegar Community Complex. ‘ First period hockey action was to say the least a little chippy and very mixed play. The Rebels came out flying and the score was 3-0 for the Rebels with less than two minutes left in the game. Walt Wasilenkoff lit-er-up at the 55 second mark on a pass from Ken Hoodicoff and Kelly Hurd. He deftly decked the Creston goalie and slipped the puck behind him. Randy Salekin scored just seconds later on a de- flection. Assisting on the play was Dave Terhune and Dave Perehudoff. Before the scores were announced, Keith Klimchuk scored into corner with a nice wrist fter a pass out in did the work Creston still not unnerved at this point came back to score shorthanded at 4:11. Good two-way action was the norm for the next 10 minutes. Eyre put the Rebels ahead 4-1 shortly after when his shot rebounded to a Creston Clipper defenseman's size 12 skate and he unfortunately kicked the puck into his own I. Rebels’ Salekin was sent to the box with 6:30 left in the period and with both teams picking up bench minors for an altercation at the benches, the Clippers scored their second goal. Dan Taylor was shoved into the boards just prior to the altercation and when he was leaving the ice he and a Clipper player on the bench engaged in a short pushing match. Tempers were touchy on both teams at this point and Rebels’ Kanigan laced an elbow into a Creston player after being interfered with. Both players took minors for their efforts. Rebels’ Kelly Hurd scored with 3:07 left when he snapped a 10-footer to the Clippers goalie Scott Warren's left side. Warren was equal to the shot but his rebound went right to Hurd and he potted an easy goal to a wide open net. Rob Tamelin of the Rebels was chastised for hooking at 17:38 and at 17:53 the Clipper’s Steve Legare headed to the sin bin for slashing. This nullified their impressive power play opportunity. With both teams playing four on four, the locals could not get on track and at 19:06 the Clippers’ Darcy Donohue got an opportunity and scored to bring his team back to within two goals. Second period action was again up and down with the visitors’ goal in KIJHL home game Friday night. Rebels beat the Clippers 10-7. CowNewsPhoto by Phi! Colderbonk Rebels defeat Clippers Rebels holding a slight edge in play: Tamelin took a hard shot from well out and fooled Clippers goalie Warren when it sunk and went in for the home town's sixth goal. Hurd picked up a well-earned assist on this gaol. Penalty trouble was costly to the locals again around the mid-period and the only trouble was that Creston scored again — shorthanded. The Rebels were guilty of shooting the puck in offside moments later and although the Clippers could have brought the puck out safely, the linesman blew his whistle and took the puck back into the Rebels end for an international (questionable) offside. Mitch Peacock was called on to make three or four big saves before his team- mates could clear the puck. Late in the second period, the Rebels were being honored for a delayed penalty which was quickly nullified when Creston with an extra attacker scored their fifth goal. From a defensive point of view the second period was terrible and frustrated both Rebels coaches. Their chants of “help-em” out to the forward on the ice, seemed to fall on deaf ears. The defensive core on the Rebels is still guilty of not being able to clear out pucks and people ona consistant basis. To give them credit for most games is correct but for this game they were out to lunch. Creston still had 1:15 left in a power play to start the third period. Clippers Darren McFarlane scored on a 55-foot slapper that eluded Peacock to his glove side. Hoodicoff put the Rebels ahead by two at 3:57 with a hard shot from the circle. Rebels goalie Dave Kinakin skid out and shoved the puck to Hurd who earned the assists on the eighth goal. Dave Terhune was getting his bench time on the other side of the ice for the game and on one of his trips to the bin it looked like he and his teammates stopped to applaud the gold medal performance of Clippers’ Darren Rodney. “Turk’s” Terhune’s 100 per cent in the game still overshadowed his four trips to the north side. Rebels’ penalty killing held up pretty well throughout the game, but the lack of their own power plays is evident. Rebels Kelly Hurd and Clippers Rod Trenholm went off for minors after a roll around on the ice and passing a few pleasantries with each other. At 16:04, hard working Taylor got the puck close in and in a ‘im, notched his second of the night. Wasilenikoff really pestered the Clippers all game: and at 18:07 he tucked away his third goal for his hat-trick. Tamelin and Hoodicoff got the helpers on this goal. Wirnsberger of Austria, 40, know you're fast when you Brooker picked up 15 World don't feel good. You've got to NHL LAST NIGHT Brooker third in men's downh Paul Boivin, 22, of i Sabres tie Canadiens 1-1 MONTREAL (CP) — Mario Tremblay of the Canadiens and Buffalo's Mike Foligno traded first-period goals as Montreal battled the Sabres to a 1-1 tie. The tie solved nothing in the Adams Division standings, where the first-place Canadiens hold a two-point lead over the surging Sabres, who have won eight and tied two of their last 10 games. The Canadiens, however, are still seeking their first vietory of the New Year. They have four ties to show in their last eight contests. The euphoria of pre-game ceremonies ing the 75th anni 'y of the C: fe had barely when Tr gave M alo lead with a milestone of his own. He beat Sabres goaltender Tom Barrasso at 5:38 for his 17th goal of the season and the 225th of his career, the 14th Canadiens to reach the plateau. ISLANDERS 5 FLYERS 3 UNIONDALE, N.Y. (AP) — Mats Hallin and John Tonelli scored 64 seconds ‘apart in the third period to rally New York Islanders for a 5-8 victory over Philadelphia. Hallin, a seldom-used forward from Sweden, raced out of the right wing corner and skated unchecked into the slot. His wrist shot was stopped by Pelle Lindbergh, but Hallin poked in the rebound. Tonelli then won the game with his 25th goal of the season on a deflection of Gord Dineen's wrist shot at 17:60. Mike Bossy storéd lis sée0id geal of the Jaime into ‘an empty net with 28 seconds remaining to clinch the '. Dave Poulin's breakaway goal midway through the third period had given the Flyers a 3-2 lead. Brian Propp, who assisted on all three Flyer goals, spotted Poulin behind the Islanders’ defence and gave him a lead pass. Poulin scored on a low wrist shot past goalie Kelly Hrudey at 10:13. RANGERS 4BLUES 4 ST. LOUIS (AP) — Centre Robbie Ftorek counted two rapid-fire St. Louis Blues scores with his fifth goal of the year at 13:11 of the third period, lifting New York Rangers to a 4-4 tie. The outcome kept St. Louis winless in five games on its home ice. The Blues, while missing a chance to move atop standings in the Norris Division ahead of the idle Chicago Black Hawks, rallied twice earlier to wipe out one-goal New York advantages. In the opening period, two goals seven minutes apart by Reijo Ruotsalainen staked the Rangers a 2-1 lead when sandwiched around one by Greg Paslawski of St. Louis. Ruotsalainen’s second goal, his 15th of the year, came with two St. Louis players in the penalty box, one serving a bench for too many performers on the ice. Two periods later, Dave Barr scored in the opening 16 seconds for the Blues only to have Mike Allison re-establish a 3-2 edge for New York at 7:27. DEVILS 5 CAPITALS 3 EAST RUTHERFORD, N.J. (AP) — Kirk Muller scored a goal and set up another and goaltender Hannu Kamppuri recorded his first National Hockey League vietory as New Jersey Devils defeated Washington 5-3 to end a 14-game winless streak against the Capitals. The victory was the Devils’ first over Washington since a 5-3 decision Feb. 14, 1962, when the New Jersey franchise and Larry Murphy replied for Washington. The Capitals may have wished Kamppuri was back in shootout as the Bruins edged the Red Wings 4-3. Keans preserved the Bruins’ third victory of the season Bruins with the Wings getting scores from John Ogrodnick and former Bruins Dave Silk and Brad Park. a scoreless second period, Linseman made it 3-1 early in the last period, scoring on his own rebound. PENGUINS 4 OILERS 3 lead Pittsburgh to a 4-8 victory over Edmonton. Herron, making only his third start in the last 12 games, faced 48 shots and succeeded in shutting out Edmonton ace Wayne Gretzky, who was looking for his 400th NHL goal. Gretzky collected three assists, though, to raise his league-leading point total to 121. Loney’s second goal came with 44 seconds left in the second period and gave Pittsburgh a 3-2 lead. Doug Shedden stole the puck from Willy Lindstrom behind the net and fed a pass to Loney to set up the score. Limieux scored on a power-play at 7:30 of the third period when he took a pass from Warren Young and fired a wrist shot past Andy Moog. NORTH STARS 5 WHALERS 4 BLOOMINGTON, Minn (AP) — Steve Payne's goal at 5:54 of the third period broke a 4-4 tie, lifting Minnesota North Stars to a 5-4 victory over Hartford. Payne took a pass from Brian Bellows and blasted a 35-foot shot past Hartford goalie Greg Millen for his 16th goal of the season. The victory kept the North Stars in third place in the Norris Division, four points ahead of Detroit Red Wings. Minnesota's victory broke a two-game losing slump and improved its record to 14-21-7. Hartford remains in last place in the Adams Division with a 16-19-5 record. Minnesota came out strong in the opening period, while Hartford didn’t get a shot on goal until 12:01 of the first period. Dony McKegney’s goal at 2:56 gave Minnesota a 1-0 lead and Brian Bellows’ first goal of the night gave the Stars a two-goal edge. Antignani scores winning goal By CasNews Staff Assists came from Brett seored two more goals mak- Kinnon, Dave MacKinnon, Jerry Antignani scored the winning goal unassisted in the third period Thursday night as Carling O'Keefe claimed a 97 victory over Valley Contractors. In a Castlegar Recreational HOckey League game played Tuesday night, Williams Moving went on a scoring rampage, defeating Sandman Inn 174. 7 Williams Moving leads the league with 17 wins and two losses for 34 points. Second is Sandman Inn with 10 wins, seven losses and one tie for 21 points. Castlegar Playboys are third with 14 points, slightly ahead of Valley Con- tractors who have 13 points. Carling O'Keefe is last with 12 points. In Thursday's game, Val- ley Contractors led 2-0 after the first period on goals by Kelly Keraiff and Dan Draz- doff. McGuire, Rick Shukin and Brian Sagriff. In the second period Valley Contractors scored three goals, while Carling O'Keefe notehed five goals for » 5-5 tie. Scoring for Valley Con- tractors were Yuri Jmaeff with two goals and Sagriff with one goal. Assisting them were Sagriff with two as sists, Grant Sookro, James Verigin, Keraiff and Bill Cheveldave with one each Mal Stelek and Chief Mer. cer scored two goals each for Carling O'Keefe. Elmer Wil. liams added one goal. Setting up the goals were Jerry Antignani, Chief Mercer. Wayne Kinakin, Al Tompkins and Williams. In the third frame, O'Keefe scored two goals to go ahead 75. Valley Contractors then seored a goal to narrow O'Keefe's lead. O'Keefe then ing it 96 before Valley Con tractors finished off the scor- ing with its seventh goal to make the final 9-7. Goalscorers for Carling O'Keefe were Al Tompkins with two goals, Jerry An- tignani and Chief Mercer with one each. Williams and Kinakin picked up an assist each. Scoring for Valley Con- tractors were Rick Shukin and Sagriff. Drazdoff as- sisted on both goals. Keraiff had one assist. In Tuesday night's high scoring game, Williams Mov. ing led 5-2 after the first period. The moving team made it 10-3 after two periods, before scoring seven goals in the third frame, to one by Sandman Inn for a 17-4 final. Gord Pace scored 10 goals for Carling O'Keefe Mike Schmitt got two, Dean Mac Frank Costa and Alan Aksel- son had one each. Schmitt and Costa had six assists each, Ken Ross and Mitch Quaedviieg had three each. Peter Moroso, Akesel- son and Steve Sander had two each, while singles went to goaltender Lawrence Chernoff, Dean MacKinnon, Dave MacKinnon, Pace and Don Savinkoff. Dan Walker scored twice for Sandman Inn, Mike Nev- akshonoff and John Obetkoff added one goal apiece. Obetkoff, netminder Cal Grunderod, Walker and assisted. continues today at the Castle- gar Community Complex with Castlegar Playboys playing Carling O'Keefe at noon. Valley Contractors and Sandman Inn square off at 9:30 p.m. Castlegar Playboys take\on Sandman Inn at 10 p.m. on Tuesday night.