ca__ Casthégar News pric, 1900 oa Spend w By TONY VAN ALPHEN Canadian Press It's a common fantasy: “Boy, if I inherited $100,000 or won a lottery, I'd sure know what to do with the money.” But it's quite another thing to make the best use of a windfall. In the initial euphoria, your mind will likely start racing about all the great things you're going to buy. At that point remember all those stories about people hitting the jackpot only to go broke a few months later. It's imperative that a lottery winner or someone with a big inheritance does not rush out on a wild spending spree, financial experts say. me people tend to make an immediate large purchase like a house, car or big vacation,” says financial planner Gordon Richards. “They might spend $100,000 without blinking an eye, whereas before they would have done a lot more homework on $10,000." TIME TO THINK Experts say it's a good idea to put your money into a short-term deposit or a government treasury bill, where you can get at it quickly once you've collected your thoughts and perhaps sought some financial advice. A number of people are willing and sometimes capable of offering advice about how to spend your money, including accountants, lawyers, stockbrokers, insurance salesmen and professional financial planners. But whoever you choose should be someone you trust, with experience and a proven track record, experts say “You should also watch to see if someone you're dealing with has a vested interest,” says Richards, a chartered accountant with TE Financial Consultants in Toronto. “For example, a broker might want to sell you stock.” SHJP FOR HELP Financial adviser Paul Delaney adds it's worth shopping around for a financial adviser, since services and fees vary in wisely Some advisers charge a fee and then waive it if they receive commissions for the placement or transfer of funds. “Another point is to make sure you fully understand any investments you choose,” Delaney says. Delaney says a lot of what you do with that pot of money will likely depend on your age and how much you've already accumulated in assets. For example, a person in his 50s may already have paid off all or a good chunk of his mortgage and put money into other investments like stocks, bonds and mutual funds. An extra $100,000 could go to build up an investment portfolio and help to maximize RRSP contributions, says Delaney. A younger person might want to invest some of the money in a second home and turn it into a rental property. “You have to determine whether you want to improve your lifestyle now or in the long term,” adds Richards. BASIC MOVES Although each case is different, there are a few basic points to remember in making your decisions. For openers, wipe out your debts, cr at least a good chunk of them, That could be a mortgage, car payments or a hefty credit-card balance. You should also diversify, experts say. Avoid putting all your eggs in one basket. If you have a house and do pay off your mortgage, you shouldn't turn around and blow all that extra monthly cash that would have gone for those payments, says Catherine Munro, a Toronto-based consultant with the ECC Financial Planning Group. “If you're in your 30s, all your big spending is ahead of you,” she adds. “I think it's a good idea to take a long-term approach and set aside money and investments for the future. That includes your children's education.” A final note from Munro. You don't have to take the glee out of a windfall by plowing all of it into safe investments that will pay off down the road Sale Days During * 6 Pontiac Fireflys « Canado's Highest Fuel Economy Car. x1 Pontiac Tempests * Conditioning. ; $ 1 1 O88 Great Value. From ...... * 8 Pont. Grand Ams * Se S13 488 c 6000s x 512,988 * 4 Pontiac Fieros « end Turbos. Fours, Sixes SE's, GT's $ and Loads of Fun! From ........ sees 9 &3 Buick Skyhawks * ne $1 888 x3 Buick Sommersets * for $15,988 * 5 Buick Centurys * Fine Four-Door Comfort at our Low Price. TRAIL BUSINESS DIRECTORY TELEPHONE 365-5210 New insertions, copy and cancellations tor the Castlegar News Business Directory will be accepted up to § p.m., Tuesday, April 26 tor the month of May. Accounting Rocky View Tax & Bookkeeping Services * Small Business & Contractors © Personal * Farm-Logging No. 06-1545 Columbia Avenue Castlegar, B.C. VIN 131 IRENE MORTIMER 365-2223 SOLIGO, KOIDE & JOHN CHARTERED ACCOUNTANTS 615 Columbia Ave. (Upstoirs) Castlegar Phone 365-7745 Henry John, B.Sc.C.A Resident Partner Brian L. Brown CERTIFIED GENERAL ACCOUNTANT 270 Columbia Ave. Castlegar Ph. 365-2151 MOROSO, MARKIN & BLAIN CERTIFIED GENERAL ACCOUNTANTS 241 Columbia Ave. Optometrist Universal Press Syndicate i] M, L. LeRoy 8.8. 0.D. OPTOMETRIST 1012 - 4th St Castlegar PHONE 365-3361 Tues. -Fri. 9 a.m.-4:30 p.m. Saturday 9 a.m,-12 noon Plumbing & Heating Business Counselling counselling, ssistance and training tor small business interests in the Kootenay Boundary Region Cleaning CLEAN-SCENE SAREET, CLEANERS, * Most Advaaced System Gets more deep down soil than any other cleaning method. Upholstery Cleaning Too SATISFACTION GUARANTEED Why not Call Us Today? FREE ESTIMATES Ph. 365-6969 **I told you we should have brought the earth buggy!’ Phone 365-5886 BARTLE The alBSO & Heating Centre American Standard Valley Fibrebath rane Ouro Pumps & Softeners PVC Pipe Fittings Septic Tanks Electrical Supplies | — CASTLEGAR FUNERAL CHAPEL Dedicated to kindly, thoughtful service. COMPLETE FUNERAL SERVICE Cremation, Traditional Burial and Pre-Arrangement Plan Available Granite, Bronze Memorials Cremation Urns and Plaques Phone 365-3222 365-77 2317 -6th Aveo Castlegor Planning a Wedding? We Sell Distinctive . 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Hi-Tech, Hi Fuel Economy. * 14 GMC 4x4’'s x The 1988 Truck COMPARE OUR PRICES YOU'LL STEER STRAIGHT TO US! @ Free Air Conditioning, Automo From General Motors On Selec tic Transmission, $500 Cash Back ted Car and Truck Models. @ We have over 120 new vehicles in inventory for immediate delivery and we have 70 used Just For You cars and trucks Priced Right We have 100% on the spot financing with guaranteed one hour delivery on approved credit — Phone 365-2155 ‘Time to haul it on home. Maloney 1700 Columbia Ave as well as personal leasing Pontiac Buick GMC Castlegar DI. 5058 Call Collect 365-2155 BUY OR SELL BY AUCTION APPLIANCE PARTS AND Call 365-3388 All Brand Names Serviced All Parts Stocked Rebuilt Timers * Used Appliances and Consignments * Coin-Operated Machines © Industrial Laundry WE ALSO SERVICE: + KENMORE» INGLIS * HOTPOINT + ETC. CASTLEGAR PLUMBING & HEATING LTD. Colvmble Avenve 366-3900 Auctions Bonkruptices * Estates * Consign * Outright Purchases ——____. 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Beton Prone: 3603300 oR ot-0349 Nursery CHANG’S Nursery & Florists Ltd. Acomplete nursery stock! Fertilizers t -) Garde: Su & Equipment COLEMAN COUNTRY BOY SERVICE Sump & Septic Tank Pumping PHONE 365-5013 3400 - 4th Avenue Castlegar COMPLETE RESIDENTIAL & COMMERCIAL LANDSCAPING SERVICE OPEN 7 DAYS AWEEK 9 A.M.-5 P.M. 365-7312 2601 - 9th Avenue, Castieger 1434 Columbia Ave, Castlegar ! arita Victoria, B,. ¢, ty Library, ent Bldgs., 501 Bellevilte st More than 300 parents and yovew ers atten- ded the first annual Castlegar minor hockey awards banquet... BI School tly... A2 MP. for a day Teresa Lamb, a Stanley Humphries Secondary student Minister of External Af- fairs for one day recen- was LOTTERY NUMBERS The winning numbers in Saturday's Lotto 6/49 , 24, 32 and 35. draw were 6, 12, number was 22. The winning numbers drawn Friday in The Pick lottery were 7, 27, 36, 37, 39, 45, 46 and 49. The $500. Provincial lottery draw is 1997966. ,000 winning number in Friday's The bonus NDP to choose CasNews editor Ron Norman takes a look at the candidates for the federal NDP nomination in Kootenay West- Revelstoke... A4 Castlegar News SUNDA CASTLEGAR, BRITISH COLUMBIA, SUNDAY, APRIL 10, 1988 Vol. 41, No. 29 y WEATHERCAST Mainly sunny and worm today with highs near 18. Cloudy Monday with @ slight chance of showers. Chance of precipitation is zero today and 30 Said 60 Cents 3 Sections (A, B & C) FIDDLE TIME . . . Harvey Waller of Robson rosens up his bow and lets his fingers fly at Kootenay Oldtime Fiddlers’ annual contest Saturday afternoon at the COLLEGE PROGRAMS Community Complex. Contest drew about 30 entries from around province and as far away as Alberta. CosNewsPhoto by Ron Norman JAPANESE ARRIVE Nelson ‘college town’ By The Canadian Press NELSON — This picturesque community has become a college town again. The last of nearly 300 youthful Japanese students, chosen from more than 700 applicants, arrived in Nelson on Friday for their first year at the new Canadian International College. The former David Thompson University Centre, closed in 1984 by the Social Credit government, has been reborn as what Mayor Gerald Rotering calls “the major Western Canadian Pacific Rim institution.” The poets, writers and artists who once flocked to this West Kootenay town to study at the former school have been replaced by Japanese bus iness students paying about $27,000 a year in tuition, room and board. “If there's any community that has the potential to embrace the concepts we're espousing, it's this one,” said college president Tom Gougeon. Toko Takeuchi, 22, a law and humanities student from Ehima, Japan, says she feels lucky to be at the school and wants to learn more about Canada. “We are a little bit sleepy but really excited, because it’s such a beautiful city and a very beautiful country,” she said after a 13-hour journey here. Classes at the school, with 16 faculty, begin April 18. The college is a joint venture between two Canadian companies, the Canadian International College and Nelson International School Inc. While Gougeon won't reveal fees, Rotering says city hall understands the Fa ‘ STUDIES C Learning English is a primary goal for the students. An immersion pro- gram will combine studies in inter. national business, bilingualism, the Canadian environment and intercult- ural contacts. Students can complete a one-year program in Nelson or go on to Vancouver to finish a two-year degree. Absorbing English during organ- ized, recreation activities will also be important, says Gougeon, because in Japan graduating from high school is a tough, rigorous i and tuition is $27,000. The city of Nelson bought the 7.3-hectare campus from the provincial government for $1 after an emotional but unsuccessful battle by community members to save David Thompson — which was the only degree-granting institution in B.C.'s Interior. Until 1977, the campus housed Notre Dame University. MONEY SPENT The city spent about $300,000 on only one per cent go to university. “We're challenging the Japanese tem in part,” he said. a new generation of international citizens.” imp » and is leasing the facility to the college “at a bargain price,” says Rotering. “It was never our intent to make continued on page AS Province eyes privatization By CasNews Staff and News Services “There is no fat to be trimmed” at Selkirk College says the college's board chairman. Elizabeth Fleet made the remark Saturday in response to an announce ment that the provincial government could be looking at privatizing some regional college and technical institute programs in a bid to save money. Advanced Education Minister Stan Hagen has established a com mittee to examine the needs of post- secondary education in B.C. The committee will see if money can be saved “from the privatization of current programs, or from use of other delivery methods,” he said in a news release. It will also make recommendations on how to make better use of facilities, such as extended hours or development of a semester system, Hagen said. And the committee will see if money can be saved by increasing efficiency of administrative functions or programs, “or from functions which are unnecessary or redundant,” the re. lease said. But Fleet says enrolment is high at Selkirk College and the college is ex pecting less money in next year's budget than what is needed. “We have been told that it (the budget increase) will be 3' per cent and that doesn't even cover infla tion,” she said. “The budget very tight.” Fleet says the Castlegar campus is very crowded, with approximately 1,000 students in a building that was designed for about 700. She added that this year the Adult Basic Education program was moved into the Bonnington View Centre, which is housed in the old Pentecostal church's location just off Columbia Avenue in Castlegar. Fleet notes that while she doesn't think any students were turned away last year, there is a waiting list for Forestry, Wildland Recreation and Nursing programs. “However, that’s not uncommon situation will be COMMUNITY FUNDING Job Trac scra By BRENDAN NAGLE Staff Writer After only seven months, the pro- vincial government has cut off funding for the provide-wide community Job Trac program. In that seven months, the East and West Kootenay region was the second most productive area in the province in utilizing community Job Trac funds. The Lower Mainland was the most productive area “Personally I'm disappointed be- cause I feel there's a lot more that can be done (under the community Job Trae program)” said George Rainey, East and West Kootenay project ad ministrator. “I'd like to see it again.” The program was part of an $80-million provincial initiative intro- duced last August. The Job Trac “um brella” was made up of four basic units. There was the community Job Trac program, along with Job Trac programs for forestry, business and environment. The other three Job Trac programs will continue The community Job Trac program dealt with projects which benefitted the community in terms of tourism, culture, heritage, recreation and sport The program employed social ser vices and housing clients who were looking for work as well as training in certain skills. “We ended up with 30 projects,” Rainey said of the East and West Kootenay region. “About 250 people were involved in community Job Trac programs in the last six or seven months.” Community Job Trac programs completed in the Castlegar area included restoration of the Kootenay Doukhobor historical museum's build ing and exhibits, work for the Castlegar Chamber of Commerce, work at the National Exhibition Centre and improvements to Pass Creek Regional Park A total of about $2.5 million in provincial funds were used in the Kootenays and Rainey said there were numerous donations from communities as well Community Job Trac program workers earned $7 to $12.50 an hour, paid by the provincial government Luella Andreashuk of the Castle gar Chamber of Commerce said she is disappointed with the loss of the program “['m not happy with that,” An dreashuk told the Castlegar News. for this time of year,” said Fleet, “because kids do change their minds so that’s not to say we will be turning them away.” Paul Ramsey, president of the College-Institute Educators Associa- tion, which represents 3,000 instruc- tors, said Hagen is involved in a “flim-flam.” “This is a rush job, a political cover-up for inadequate funding in the current budget,” Ramsey said. Ramsey said these are no resources left to be identified in the province's 16 colleges and four institutions, because funding has increased only five per cent since the 1982-83 school year while enrolment has jumped 25 per cent. An estimated 5,000 students were turned away from colleges in B.C. last fall, he said, and in the 1986-87 school year, 97 per cent of the 48,000 college spaces were filled. The president of Okanagan Col- lege’s faculty association was also upset with the announcement. continued on poge A3 pped “We got some things finished that might not have been done or would have been done a lot later.” The chamber's first vice-president said the six_people who workéd on the chamber grounds and installed the railing at the door did good work. The chamber received $56,000 in Job Trac funds, enough to hire six workers. Andreashuk also praised the work by Job Trac workers at Pass Creek on the improvements to the baseball dia- mond and trails. And she said the NEC benefitted from their work as well. “They put in a sidewalk from the road to the building and painted the interior.” The community Job Trac program was operated out of the Ministry of Tourism, the Ministry of Advanced Education and Job Training and the Ministry of Social Services and Hous ing. Andreashuk said the program not only benefitted the area, but also helped the people working in it “It was a wonderful way to put unemployed people to work,” she said. A total of 18 Job Trac workers weré employed in Castlegar over the last Seven months. Drought still threatens By The Canadian Press VANCOUVER (CP) — The worst drought to hit the southern Interior of British Columbia in 60 years remains a reality despite a return last month to seasonal rains and snowfalls, says a B.C. Environment Ministry spokes man. “We've never had so many years like this that are low back-to-back since the early 1940s,” said Hal Coulson, head of the ministry's hydrology section. “Since that time we've never had more than one year running of low snow packs,” he said. “Now we've got five.” Snowpacks are still only 80 per cent of what they should be, said Coulson, with the Okanagan, Columbia, and Kootenay basins being worst affected. s pack surveys being pi from 270 test sites throughout B.C. were completed Thursday, Coulson said, offering a clearer picture of what problems the Interior faces this spring and summer. Environment Canada data show precipitation for the Interior increased in March, in some cases exceeding average levels for the month. “In some cases March has seen an improvement,” Coulson said. “But we're still below normal because the snowpack (starts to build) in October.” The extra rain and snowfall at higher elevations meant Interior snowpacks climbed to 80 per cent of normal from 70 in March, Coulson said. Gary Myers, supervisor of climate services for Environment Canada in Vancouver, said a number of Interior weather stations reported higher than normal levels of rain and snow for March, including those in Castlegar, Cranbrook, and Princeton. Quesnel and Penticton also en joyed higher than average rains, while hard-hit Kelowna was only two per cent below normal. Kamloops, how: ever, continued to remain dry, record. issued water rationing bulletins to prepare for a drought this summer. “We have to warn people this early so people can begin planning,” Brian Harvey of the Vernon irrigation district said. Harvey said area farmers will be asked to halve their irrigation levels as of May 1. Restrictions have also been placed on lawn and garden watering, limiting activity to two days a week. He said levels in five mountain reservoirs feeding the system are at 10 per cent of capacity and not expected to climb above 50 per cent during spring runoff. Restrictions on water use have also been ordered in the southeast Kelowna irrigation district, said dis- trict manager Stuart Mould. The reservoirs are the lowest they have been since 1970, Mould said. Irrigation in the area will be limited to 12 days in May and 20 days in June. An ion will made later in ing only 72 per cent of the p normal for March. Meanwhile, two irrigation districts in the British Columbia Okanagan have the spring to determine rationing requirements for July and August, should they be necessary, Mould said,