analysts believe there is little doubt who is absorbing whom.
National Trust which depends on its reliable estate and
trust administration business is wees absorbed by Victoria

and and Grey, a highly aggressive

Although National has 1,974 ceuployees to Victoria and
Grey's 1,504, Victoria has asseta of $4.4 billion compared
with National's $3.2 billion, Victoria's earnings from
operations are higher too — $28.4 million last year versus
$13.4 million. They are Canada’s fourth- and fifth-largest
trust companies.

Even before shareholders of both companies gave their
blessing to the merger, National Trust was in the midst of a
top-level shakeup. Two of the company’s five senior
vice-presidents left abruptly when the merger’s agreement
in principle was announced in July.

E.A. Walker, senior vice-p dent of took

TAKE NOTICE THAT:
A.

$8
iP

I
sists

i
i
t
|
i
i
i

The Council of the City of
© copies of plans

an early and D.C. senior vice—
president of savings and loans, who was brought in two
years ago to prop up National's loan portfolio, was let go.

PULL AHEAD

Effective Aug. 31, the two companies became National
Victoria and Grey Trust with assets of $7.8 billion, to put it
ahead of Canada Permanent, which has $7.03 billion.
The new company will be exceeded in size by Canada Trust
with assets of $10.18 billion and Royal Trust, with $10.6
billion.

Jackman, a Toronto financier, holds about 44 per cent of
each company.

Although the merger may be seen as creating another
giant financial institution, analysts oe it as a defensive
rather than against inside and
outside the trust company industry.

With the so-called four pillars of haagenps financial

system
itis the intention of the
proceed with the

The plans and specifications that
may be inspected at my office duri
rs.

CITY OF CAs EGAR’

NOT iCE

THIS INDENTURE mede the ___ day of A.D, 198__
BETWEEN.

(hereinatter called the “Grantor”)
(OF THE FIRST PART

(hereinatter called the “Grantee")
OF THE

bad
°

ra
i

it
i
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§
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|
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i

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1

if
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the Grantor is the registered owner or is en-
the owner af an estate in tee

(hereinatter called the “Lands of the Grantor”)

AND NAUMORAS ‘this Sighs of Woy, is (escaaeeyyfor, the
operation and maintainance of

te facilitate the
ction tere” (ver volves, fing od ‘ond
itor has it the Gnaruciien

purpose the Right-of-Way

will be barred.

system — banks, trust

ponnyarci eg atdndngr pa coripe eis aaaryaag
trust companies are feeling the hot breath of the banks as
the two industries fight for a bigger share of the savings and
loan market.

Steve Kressler, banking analyst at Merrill Lynch Inc.,
says being large is the best defence against the banks, whose
asset bases exceed those of the trust companies tenfold. A
large capital base is considered the best defence against
everything from interest rate uncertainties to bad loans and
allows the new company to lend out more money.

NEW RELIGION

In fact, large capital bases have become the new religion
in financial circles amid the current economic uncertainties.
“The large capital base is considered the way to play now,”
says Kressler.

It also helps to be bigger in a crowded industry. The
trust industry in Canada consists of more than 70 companies
with total assets of $40 billion. But only 10 firms are north
more than $1 pillion.

The situation has prompted many to expect a
rationalization in this industry similar to those that have
already reduced the number of securities firms and insur-

companies.

But Gerald Braun, banking analyst at Richardson
Greenshields Ltd., sees a more immediate threat — Royal
Trust.

Royal Trust is 42-per-cent held by Trilon Financial
Corp. and. with its wide array of retail banking services is
held out as everybody's favorite example of the emerging
trend of so-called financial supermarkets. Trilon also
controls London Life.

“Royal Trust is out to kill,” says Braun. “They want it
all”. Royal's assets have more than doubled in the last five
years.

In addition, he says, the merger of these two firms can
be expected to be part of the continuing trend. Power Corp.
now holds 60 per cent of Montreal Trust and No. 2-ranked
Canada Trust is expected to be a takeover target because it
is loosely held with its major shareholder, Manufacturers
Life Insurance Co., holding only 24 per cent of it.

Braun also sees Central Trust as a possible takeover
target because of what turned out to be a bad investment in
MICC Investments Ltd.

As for the two the analysts believe

has been the better.
doubled those of National.

Learn To Fly

For Pleasure or Career

PRIVATE AND COMMERCIAL
PILOT COURSES

ig EL ANCED RATINGS
Night, Instrumental, Multi-Engine, instructor

NEXT GROUND SCHOOL STARTS
SEPTEMBER 18, 1984

CITY OF CASTLEGAR
BYLAW No. 407

has become
of-way in and to certain parcels of land; ond

C. The City of Castlegar has been unsuccesstul invobtaining
these rights-of-way by way of negotiation:

NOW THEREFORE THE COUNCIL of the City of Castlegar, in
open meeting assembled, enacts as follows

The City of Cos by its servants, agents, contractors
ond employees is euthorized,
(2) tor the purpose of cone . operating, main.
water dietribution 8
(b) wihowt trout the consent

sxdener on break up. take, or enter into possession of
ond use! certain lienited estotes ond rights in the lands
described in Schedule “B” hereto

The City of Castlegar hereby expropriates.
(2) tor the purpose of constructing, operating,
teining. gpelcing. improving or altering
mt the consent ol the’
(b) wit tw Consent the owners of those lands of

the ‘ooned estates ond set out in the statutory
right-of- te “A” to this Bylow,
in the onda “Seccrbed in tanedule 'B, which limited

tates and rights ore necessary and convenient for this
purpose

The Mayor and Clerk are hereby empowered to do oll
things necessary to give effect to this Bylaw.

This Bylaw shall not come into effect until it hen, been
ee eee naed nd trenton

ina in the Clty, ond
Until @ carted ind copy tie Bylo hos filed in the
oppropricte

Land Ti
This Byalw may be cited for oll purposes os “City of
Cowthegor Right-of Ws Bylow
No. 407, 1984."
READ A FIRST TIME THIS 14th DAY OF FEBRUARY, 1984
READ A SECOND TIME THES 14th DAY OF FEBRUARY, 1964
READ A THIRD TIME THIS 14th DAY OF FEBRUARY, 1964

ALL THREE READINGS PASSED BY A UNANIMOUS DECISION
OF ALL MEMBERS OF THE CITY COUNCK.

RECONSIDERED, FINALLY PASSED AND ADOPTED THIS THE
lah DAY Ce ANON 1984 BY A UNANIMOUS DECISION OF

L MEMBERS OF COUNCIL PRESENT AND ELIGIBLE TO
vore

AUDREY |. MOORE
MAYOR

R. J. SHILLINGS
CuERK
| hereby cortity that the foregoing le @ true copy of the
Sylow How os passed by the City of Council and sealed
the Corporate Seal
DATED THIS 15th DAY OF AUGUST, 1984

&. J, SULUINGS,
ary SRK

BYLAW No. 407
SCHEDULE "A"

ID TITLE ACT
FORM 17 (Section 151, 152(1), 220) APPLICATION

should

¢ themselves ot the the tax position, in
cluding taxes of ‘Crown Provincial, o Mumicipality ond tm.
provement District and irrigation Districts.

HARMAN, WILSON & COMPANY, Barristers & Solicitors, 540-
138)

Signeture of Applicant

THIS INDENTURE wineseern that in

med by the Grontee end tor other valuab:

Q.
Rig!

oe
of

3
i
val

1.0 THE GRANTOR DOTH HEREBY

ster, in perpetuity,
ight,

‘Right-of: Wey Plon number
(hereinotter called the Perpenivel Right-ofWey")

1.2 Covenant and agree to and with the Grantee that for the
over, under and across the

maintained or operated within the Pe.
petual Right-of-Way or in relation to any similor Works
preiously constructed by ony perty whatsoever within
the Perpetual Right-of-Way

THE GRANTOR HEREBY COVENANTS TO AND AGREES
WITH THE GRANTEE, as follows:

That the Grantor will not, nor permit tony sate
tiding. struc struc:

Stabbed tn or upon the Perpetual Right-of Wey

That the Grantor will not do nor knowingly

done any ect or thing which will intertere with of injure

the sald Works end In particular will not out any

blesting on or adjacent to ‘erpetval Right-of-Way
without the consent in writing moot the Grantee, provided

that such consent shall not be unreasonably withheld.

That the Grantor will not substontially add to or diminish
the soil cover over any of the Works installed in the
Perpetual Right-ot Woy in porticulor, without
limiting the lity of the foregoing, will not con

olong or across any of the

devices, os and
whonoever for the better assuring unto the Grantee bes)
rights hereby gronted
THE GRANTEE HEREBY COVENANTS TO AND AGREES
WITH THE GRANTOR os follow:

That the Grontes will not bury omy deb

ony kind in excavations or bocktill ond wil remove
shoring ond Tike temporary structures es becktilling
proceeds.

Mon dutwis grected or plated therean by tee Granten ond
wilt leave such lands in c neat ond clean condition.

(28 t0 all signatures of Grantor)

THE CORPORATE SEAL of the
GRANTOR was 10 attixed
in the presence of
Officers in thet

BYLAW No. 407
SCHEDULE “8”
1. That portion of

(2) City of Contteger
Siocon Assesement District.

District Lot 7174,
4

on Statutory Right-ot-Way Plan No.
Tesh "Sepeatied inthe Land Title’ Otfice ot Nolgon  Britteh
2. Those portions of:
(1) Troll Assésement Authority
Blocks | 2.
District Lots 8072 and 7199.
pecrenay Cronies
Pian ¥

(2) Blocks 3 end 4
Dis ict Lote 7198. 772), and 8072

Right-of-Way Plan No.
Gt Nelson, British

Cho) HENNE'S MARINA

Castlegar 365-3219

INGLIS GAS clothes dryer. $150.
Metal mirrored eo eaiiee
Bir

AuTO prac

65- 8121

‘x14’ FED and weed sh
tvcile ler ene’ pageen.
gx10; chicken coop $150.

3/74

Nx, 10x, 26x, 62x, 104x
ere Also Aveitatie
PAYMENT

), at shite
See. es,
freezer, coltee table re
Zenith T.

hide-o-bed
chrome saf'(¢ chairs), gloss «
ee table eat (3) brown rocker

Sipe "3/74
G7@xl4_ Uniroyal »
tires. Used one winter. $70 each
new. Asking $75 for both. 365-
5257 Ss 7 yy
UE CANOPY for mail
Harrowsmith airtight

one-year

THIS WEEK
ALL

NU-LIFE
VITAMINS 3°"

20%.

CHECK OUR
LOW, LOW
CHEESE
PRICES

Only at

Mother

Nature’s
Pantry

INVITATION TO TENDER

JANITORIAL SERVICES

K y Savings Credit Union invites
interested parties to bid on the new

Cleaning controct
premises. Those.

PEipiowi st Confage for deat
Closing deve 1 Ostia 1984.

“SNOW TRAILS tans 008

SALES & SERVICE
502 - 12th Ave., Genelle
693-2382

SAVINGS OF 10 - 20%

SIT DOWN, SiS -i GOT BAD
NEWS - REAL BAD News !
ie ca

and more
— Commodore, Atari,
_olece, 18M, ond others
Gomes, educational sot-
~ tware utilities
— Limited line of peripherals

SENTINEL SOFTWARE

HIGH Savings Rates stem tingrove ron 2)
LOW Loan Rates — “ogg. Persona!

1’ Kootenay $ Savings

HOME MADE grerheed .
machine, $200 tire. 226-774:

3/72 USED
FREESTONE PEACHES.
ri

HOUSEHOLD
Glo. NISHINGS
ty, famous for avocado gr Shestertietd ond
= '25¢ per choir chair 'n ocryhc velour (excellent

eggplant, carrots, green
onions, red, yellow elvinator — dishwosh.
hood

wall oven:

Aluminum
Sheets
24'A" x 36"

1 to 12 — 754 Each

13 10 24 — 60€ Each
25 or More — 506 Each

tent
reptest hype

19” BALDING ideo! walle
or works! a
Setiver 399-470) ner

Sex
Phone 265:50f) after Spm. Fiz)
ONE ORY FIR 14x6x12 beom.
Phone 365-6905 __ 973

TRANS CANADA GLASS)

Renovation Windows
WOOD OR METAL
INSTALLED

Free Estimates
TRANS CANADA GLASS
(Formerty Southern Giess)
365-2195

Heavy duty all-purpose
plastic pois with tight-Hrving
cove

Need c prabaiog $1.50 each.

CASTLEGAR NEWS
197 Columbia Ave.

ORY firewood. 365-6401 3/72
10” RADIAL orm sow. 1980 Hon

WEDDING STATIONERY
GENERAL PRINTING

Bs Kel ‘ Print e

623 Columb

73
onTem % -Arabion Gelding,
Registered

Credit Union
=| @ |e S-YEAR-OLD % Arab experien
ced rider. $500. 0.8.0. 355-2258
7

Run your
classified word ad
twice at regular
price and get the | —————_-

third insertion
: | RLANEET ADS

NO EXTRA
UNEMPLOYED? Earn money this

COMMODRE/A €
Free

e: Stardarc’ sOriwane
WE'RE PAYING HIM TO Glenwood Ave. Kelowna, B.C
PAINT —NOT CHAT WITH —VIY 5M5. Specity computer type

/14

you ABOUT TO
WRITE CLASSIFIED ADS."
Se

HORSESHOEING.
corrective. Call Jann:

the | Castlegar
wahipin the BCE YoKo
the BC 8 Yokon
News

CHARGE

7 insertions for Price of 4} tax season, learn income tax —
Fortis Fe U & R Tax Schools,
Pembina Hwy.. Win- VERY EXCLUSIVE heir salon in

|. Man. RST 286. 74 beoutitul Porksville Vv
Equipment, clien
.

vibe MOVIES, SAVE % We Island.
mation
wrapping
, Edmonton. Ngee

bog we gig eles: << =

trie. ste “Credit approval by Ste 4 pen. Our Action Ad Phone
Ad

oes” un Covers. Guy pisos, ZEPHYR 5 me a Nonber is 365-2212

NEW CHESTERFIELD ond mot

‘ collect. No song. no
Smal ONE
2-cubic 5 HEAD CHEF for first-class
Uphosliery. 650-20rd Street, 365.

3/73

PROVINCE-WIDE
CLASSIFIED

a cr ONLY

GIRLS FIGURE skates. Size 12 so

Excellent condition. 365 2
2/74 Callus

Two BUDGIES. $10 each 399, for details

n

wok living room lamps
365-3948,

274

ALGEBRA teaching mods,

Mini-max il!. Courses 50!

included. Asking $15. 3682879
273

FRED X

RETIREMENT SPECIAL in Central
ol

pi gkeg nd We didn’t win, but you did
Our platform remains

o three even is! 79 900" cFiewey Ree Me rt :
CONSERVATIVE prices
LIBERAL 7208s
No Down Payment oac.

SACRIFICE SALE — Excellent 160,
ocre form in Vanderhoot. 140 in

'S TIME.

SEil
SELL

$ $ USED VEHICLES $$

1983 SUZUKI hard top

1981 CHEV ‘2-Ton with propane

1981 CHEV ¥2-Ton without

1981 GMC ¥2-Ton with winch and canopy
1980 FORD %-Ton

1980 CHEV Citation

ULE

A

265-306

for its Castlegar
interest. may ap-~’

Regal
1975 VEGA Station Wagon
1975 VOLKSWAGEN Window Van
1974 TOYOTA Celica

SPECIALS
ALL THIS
WEEK AT

SYD’S CYCLE LTD.
Hwy. 3B, Trail
364.1386

APATITE
PHT