“. ogg October 22, 1989 HALLOWEEN MEAT DRAW SPECIAL Saturday, Oct. 28 4P.M. ENJOY... * AFTERNOON ENTERTAINMENT BY SAN JOSE WEST * BEEF ON A BUN COOKED BY GABRIELS — ONLY $2.50! * PLUS MANY SURPRISES!! Come on out Members and Bring a Friend! BRANCH 170 CASTLEGAR ROBSON LEGION Learning to vote P.A. Chow of Trail (right) translator Kevin Wong durin a Ca jar Multicultural Societyk class for thos who want to become Canadian citizens. About 12 area residents have been studying Canadian geography, history and politics since Sept. 19 and will be ready for the official ceremony Friday, society oprganizers say. * ELECTROLUX CANADA MODEL 90 Only while supplies last Call today! CASTLEGAR 365-8431 Kendrick-Twidale Optometrists 877 Helena Street, Trail, B.C. VIR 3X3 Wishes to announce the relocation of our practice to: 1370 McQuarrie St., East Trail, B.C. VIR 1X3 For appointment Phone 364-2020 ¢ END OF MODEL CLEARANCE NOW ONLY °399 Plus $25 Shipping NELSON 352-6461 Article called distorted EDMONTON (CP) Forestry Minister LeRoy Fjordbotten is upset with an article in a business magazine that is Alberta leasing massive amounts of forest for pulp: mill developments. Fjordbotten told reporters Friday the article, titled The Great Forest Sell Off, is full of peared Friday in the and Mail Report on magazine “distortions.”” It ap: Tornoto Globe Business The article suggests the province's Conservative government. sold oft huge tracts of timber io forest com panies without consulting Albertans or properly considering the environmen tal impact “Frankly I'm shocked the Globe and Mail, which I hold in high regard should write an article that is full of distortions and untruths,’* Fjordbor tten said The article refers_to a video titled Room to Grow, which the province distributed in 1987 “The unsubtle message of Room to Grow was that one of the world’s last great stands of hardwood forest was up for sale, with no strings attached and bonuses no good businessman could refuse,” the article says Italso says: **As it now stands, many Alberta their nment has handed Japan the keys to 4 taxpayers. feel gover publicly owned resource — and slipped them the bill for its uncertain environ mentatcosts.** Within 16 “quietly months, the leased public province timberlands A one A on try Cpe es Fo MOS, _ Subscribe to the Perfect Couple and receive these serviceseree! eam «) py when you subscribe to Superchannel, Family Channel (TM) or The Perfect Couple, you will receive FREE* until 1989, the most exciting combination of premium television networks and services in one value-packed home entertainment package. December 31 Bow Cl little anne lamiy oat PIUS Cable News Network, MuchMusic, PBS Detroit, Arts & Entertainment, The Nashville Network 365-3122 almost the size of Great Britain to a dozen firms,” the article says. Fjordbotten said he will complain to the publisher of the Globe and Mail and wouldn't rule out legal action SHEER NONSENSE “The comments they make with respect to secret deals and all of that which is absolute sheer nonsense and I think the Globe and Mail is really gone well I’m just extremely disgusted with them.” Margaret Wente, editor of the agazine, could not be reached for comment The minister said he was concerned people will believe what's written in the article Meanwhile, a half-dozen conser vation groups joined forces in Edmon ton Friday to call for a moratorium on forestry projevts in Alberta, which in: clude seven pulp mills and related clear-cut logging throughout the nor th The group said Alberta will create a global-scale ecological disaster in its northern forests if the government's development plans aren’t stopped. One of the groups, Friends of the North, also called for Fjordbotten's resignation, and announced it will launch its own public hearings into the province's development plans Randy Lawrence, a spokesman for the group, said the government-finan ced public hearing process on the $1.3 billion Athabasca pulp mill project is serioulsy flawed VANCOUVER (CP) A new pulp mill in northeastern British Columbia must face charges next year"for alleged violations of its B.C. waste management permit, but the company president says the prosecution is unjustified The $170-million port Inc. mill at Taylor, near Fort St John, relating to the unauthorized release last January of waste into the en vironment. The maximum fine for each count is $50,000. The court doct detail what pollutants volved. Senior Fibreco Ex. faces three counts ent does not were in conservation of New pulp mill to face charges ficer Andy Ackerman declined on Friday to offer specifics Company Jarrett said in an interview that the president Tony charges retate to difficulties the mill experienced as_ it production last winter The first pulp was manufactured in September. He said the mill now meets environmental standards for began its effluent, which is released into the Peace River after treatment The trial has been set for Jan. 9- 11 in Fort St court. Fort St kilometres John provincial John is 793 northeast--of Van- couver Clean-up declaration adopted, fund blocked LANGKAW1 Malaysia'(CP)— The Commonwealth summit adopted Saturday a declaration calling on all countries to start cleaning up the en vironment, but the leaders blocked a proposal to establish an $18 billion US fund to help developing countries in the effort British Margaret Thatcher refused to go along with the fund do Common Prime Minister India-proposed wealth leaders approved a compromise that binds the 49-country organization to study the idea of a fund. The Com monwealth leaders were on a weekend retreat on the resort island of Langkawi The Malaysia-proposed. com promise, the Langkawi Declaration, calls on Commonwealth members to demand an end to drift-net so-called fishing, to support moves to clean up the earth's water and take environ mental concerns into consideration when economic decisions are made. being Indian Prime Minister Rajiv Gandhi had proposed earlier that a $18 billion a-year m the Planet Protection Fund for basis of a global financial package to help poor countries take part in environmental programs Britain, in opposing establishment of the fund, said it preferred to work through mechanisms. The declaration ended up with Common wealth leaders agreeing to ** existing strengthen and support’ international funding mechanisms, which officials clarified to mean existing institutions such as the World Bank and the United later Nations Prime Minister Brian Mulroney said he couldn't claim that the Common wealth declarationis the solution to the world’s environmental problems, but it represents a beginning “It's one of the first significant steps toward working qut a way of financing the problems of environment in the development world and the damage that's been inflicted by us all over a long period of time Mulroney would not criticize That cher for refusing to go along with the call for the $18 billion fund to help clean-up efforts in the Third World “Our experience in the field of unanimity in the Commonwealth over the past five years has not been par ticularly overwhelming," he said it’s easier than ever to be Join us at Body/Shapers . . slimmer, trimmer figure .. . or strenuous physical exertion. 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Great Gitt Ideas " BUSINESS Inflation rate steady OTTAWA (CP) — The annual in- flation rate was 5.2 per cent in Septem ber, the second consecutive month with no increase, and while that’s an encouraging sign it will be interpreted cautiously by central bank governor John Crow, analysts said Friday The longer the trend continues “the higher the likelihood that eventually the’Bank of Canada will become con vinced inflationary pressures are easing,” said Earl Sweet, a senior economist with the Royal Bank of Canada Heari TORONTO (CP) Ontario's stock-market watchdog has postponed to Feb. 19 a hearing into whether to uspend the trading privileges of for- rer B.C premier Bill Bennett and his brother Russell The case was rescheduled from Oct 30 at the request of the Bennetts and Herb Doman, whose trading privileges are also at stake, the Ontario Securities Com- mission said in a statement Friday The hearing was announced in June at the same time the commission drop- ped insider-trading charges against the Bennetts The brothers had been tried and acquitted of insider trading in a B.C court in May ter the Bennetts sold shares in Doman Industries just minutes after Doman had learned a proposed takeover by a B.C. entrepreneur The charges were laid af n On a month-to-month basis, the rate rose only a slight 0.1 per cent from August, Statistics Canada reported. “The latest inctease matched that observed in August and was noticeably lower than the advances of one’ per cent, 0.5 per cent and 0.7 per cent in May, June and July respectively,’? the agency said. The annual rate stood at 5.4 per cent in both June and July, a jump from May’s five per cent. It ranged from 4.3 per cent to 4.6 per cent in the first four BILL BENNETT . asks for delay months of the year The trend-setting central bank rate changed only slightly on Thursday, dropping to 12,43 per cent from 12.46 per, cent. Crow has beén trying for months. to put\a lid on through high intetest rates, Statistics Canada also said the rate of acceleration in inflation slowed con siderably between July and September to four per cent compared to 5.7 per cent between June and August Sweet said that isn’t surprising given postponed U.S. firm had fallen through, driving down share prices Herb Doman is president and chairman of the forestry company In dropping the charges in June, the Ontario commission cited the legal principle of double jeopardy, under which a person cannot be tried more than once ona charge for which a court has already granted an acquittal The Bennetts made an estimated $2.1 million in profit from the trade Those profits are still being held by the B.C which seized the money when its own investigation began last year The Bennetts requested the post ponement of the Oct. 30 hearing because they had scheduling commit ments they couldn't change, said Joe Groia, director of enforcement for the Securities Commission, Ontario commission Tax unacceptable to B.C., Couvelier says VICTORIA Goods and Services Tax is unaccep- table to British Columbia because of The proposed federal the negative economic and financial impact on this province, Finance and Corporate Relations Minister Mel Couvelier said after a conference with other provincial finance ministers and treasurers in Montreal Couvelier said the GST would con} tribute to inflation, reduce provincial government revenues and increase costs He criticized what he says is the tax grab that would from the proposed nine per cent rate and the failure of the federal government, in its proposal, to address the need for con- taining expenses. “We resent the intrusion by the federal government in what has been traditionally a provincial jurisdiction — that of retail sales tax,"* Couvelier said inva tews releasé. “This intrusion is particularly unwelcome when it is made by people who have been fiscally Highland workers OK pact LOGAN LAKE (CP) — Workers at the Highland Valley copper mine have voted 70 per cent in favor of a new two year contract, ending a 13-week strike result The contract provides wage in- creases totalling 19.5 per cent, in ad. dition to better protection from contr acting out, said Richard Boyce of the United Steelworkers of America About 1,200 workers went on strike at the southern Interior B.C. mine July Highland Valley spokesman Rod Killough said the contract provides for increases of well over 20 per cent, when benefits are considered But Killough said an argument could be made for giving tradesmen a wage increase that would bring them in line with other mine workers. R NEWS A cashiGan CV CASTLEG 70 ORAwe 300) jana K Caroline Soukor ADVERTISING SALES insensitive.”” The federal argument that expen- diture increases are mostly due to higher debt costs is not acceptable to taxpayers who have to pay for all in- creases in government spending,” he said “I would like to see the federal government get serious about managing their expenditures,” he ad ded. Couvelier is also concerned about the complexity of the tax. He main- tains that businesses do not need thousands more tax collectors im- posing what amounts to an ad- ministrative headache and that con- sumers do not need the confusion of an additional retail sales tax Couvelier said he was satisfied with the outcome of the meeting and with the report that, will be presented to the premiers for discussion at the First Ministers’ Conference in Ottawa on Nov. 9 and 10. MEL COUVELIER - + resents the intrusion Weekly stocks TORONTO (CP) The markets rebounded this week their Friday the 13th debacle, taking back about two-thirds of the ground lost stock from The Toronto Stock Exchange's 300 composite index was down 14.87 poin ts Friday to 3,954.79, but gained 84.05 over the week In New York, the Dow average of 30 industrials rose 5.94 to 2,689.14, stretching its gain for the week toa record 119,88 points. Friday’s performance was a far cry from plunges of 141.69 points, or 3.5 per cent, in Toronto and 190.58, 076.9 per cent, in New York a week ago that were blamed by many analysts on an aborted airline buyout deal in the United States The markets opened Monday amid fears of another Black Monday like the crash Oct. 19, 1987, but instead bega a recovery that, despite some rocky moments, survived the week Jones 2649 FOURTH CASTLEGAR 8 © vIn 2s! ootnikoft 3 Be FREE 965-5210 OFFICE a 663-496; 6 YOU ORIVEN 4 FORD Lare,, “Things were a little more normal than I expected,”* said Don Dillistone, an analyst with Richardson shields in Winnipeg. **So many people were saying Friday that it was the crash all over again, but it wasn’t Green really Dillistone said the Friday sell-off was ‘an aberration” caused when the computer trading programs of large institutional investors began to sell stocks and buy stock option futures. BACK TO NORMAL Tradigg returned to normal this week antkrdceived a boost from U.S: suggesting the but not economic statistics economy stumbling On other Canadian markets Friday, the Montreal Exchange's portfolio in dex was down 9.46 points to 2025.09, The Van nge dropped 1.11 is slowing down, up 54 points over last week couver Stock Exch; points to 721.47, week up 16.81 from last AVENUE 365 3563 WENDY KELLER SALES AND LEASING Res: 352-7545." inflation. other economic indicators “The economy is soft and retailers, for example, are going to have an awful lot of sales to clear out inven tories. “The softening in the economy will continue and the current rate of ‘in flation will come down even lower in the months ahead. WATCHES CLOSELY Créw is watching wage settlements closely and will want to see further drops in inflation before he’s prepared tocase up on interest rates; Sweet said Wage unionized workers moved up to five per cent in the second quarter of the year from about four per cent in the first three months Ted Carmichael, an economist with the investment firm Burns Fry, called the September inflation promising. But when food and energy prices are removed from the 0.1-per cent incteases for results month-over-month increase, other components in the price index push the figure to 0.3 per cent ‘The Bank of Canada focuses on that core rate of inflation (the rate minus food and energy especially at this time of year when there are normal seasonal declines in fresh fruit and vegetables," he said A decline in energy prices that oc curred in September is also not expec ted to continue, he added “The central bank will be cautious in interpreting what are better numbers and we don’t prices) the price of expect to see much change soon in its interes rates policy.”” Many analysts expect jnterest rates won't begin dropping until next spring, Food prices fell in September by 0.4 per cent but the cost of housing in creased 0.1 per cent, mainly due to higher Prices climbed for both men’s and women’s clothing ARROW LAKE ELEVATION 1432.41 ft. on Oct. 21 Forecast of Elevation 1431.10 ft. on Oct. 28 mortgage | costs also RoW S M. October 22, 1989 C ‘astlégar News pL DR. TIM ALLEN Optometrist Wishes to A the rel of his C gar Practice to 1458 Columbia Avenue Castlegar (Former Bun City Bakery) For appoi telephone 365-2220 An Investment TER M You Can DEPOSITS Depend On! CASTLEGAR SAVINGS CREDIT UNION | pj annem FOR OVER 40 YEARS! CASTLEGAR SLOCAN PARK 601-18th St. 365-7232 Hwy. 6 © 226-7212 YOUR COMMUNITY FINANCIAL CENTRE “I need a vacation!” speattied. * All prions are subject to change. CSravel! Agency 365-7782 ow & Sale coming to Chahko Mika Mall Monday, Oct. 23 to Saturday, Oct. 28 *° Great Selections of Oak Reproductions © Fine Furnishings * Quality Antiques