BUSINESS

BUYING CAR
BETTER THAN

Is it cheaper to buy or lease a new car?
A and finance

depends on the actual leasing arrangements. But they
agree that, in general, it’s to your advantage to lease only
if you operate a car for business and can claim the costs of

say it

month than what the buyer pays — for a total of $7,920.
After three years, the lease company gives you the option
of buying the car from it for $4,000. That, added to the

Serene. eeaatte yee intend 00 owe tho.cts-tn the

long run.
IN LEASE FAVOR
But the tax deductions tip the scale in favor of a

. If the car is used totally for business, you are entitled
to claim a deduction of 15 per cent of the value of the car
in the first year of a lease. In each subsequent year, the
deduction is 30 per cent of the remaining value of the car.

If the car is used only partly for business, say 50 per
cent, then only that amount of the full deduction may be
used.

If the K-Car in the example was used totally for
business, 15 per cent of the $9,800 first year value, or
$1,470, would be deductible from your income. If you are
in a 36-per-cent tax bracket, this means you would save
$514.50 in income tax in the first year of the lease.

BUY FOR BUSINESS

Anderson points out thet the comparison can get

hat more d because of a purchased car

Here's a comparison, supplied by a major Toronto
dealer, of leasing and purchasing costs for a K-Car, a
compact manufactured by Chrysler. The car is equipped
with power steering, an FM radio and automatic
transmission.

The buyer, in this hypothetical case, finances the
$9,800 purchase price with a three-year bank loan at 11
per cent interest. Monthly payments amount to $320. The
total cost would be $11,520.

By comparison, monthly lease payments over the
same three-year period would be $220 — a full $100 less a

that is used for business you are also entitled to deduct
certain expenses such as loan interest, gasoline and
insurance costs.

He added a couple of other points to keep in mind:

— To satisfy tax auditors, it’s important to keep a log
of your mileage if your job is one in which use of a car may
not appear necessary.

— It will likely make more sense to buy a car if you
intend to keep it for a long time. With the deductions
falling as a leased car depreciates, the tax advantages of
leasing decline with the years.

“The kind of people who lease most likely are the

kind who want to keep a car for only three or four years.”

Reinvestment pays off

By DENNIS BUECKERT

MONTREAL (CP) — The chairman of Canada's largest
engineering firm beams with pride when he notes that the
company hasn't paid dividends in 20 years.

“When you're a private enterprise (whose shares are
not traded publicly) you can do what you want — you don't
care too much what the balance sheet looks like,” said
Bernard Lamarre, 55, chairman and chief executive officer of
Lavalin Inc.

The lack of dividends doesn't reflect a poor financial

Lavalin did about $650 million in business last year, a
phenomenal increase from the $100 million of just six years
ago. ‘The company’s workforce has grown from 50 in 1962 to
about 5,500. And it is working in about 55 countries around
the world, including the Soviet Union and China.

But Lamarre and the other three shareholders who
have controlled the company since 1962 prefer not to collect
the profits.

“From the beginning, we wanted to reinvest all our
money back in the firm,” explained Lamarre. “It was never
for the immediate future.”

That attitude has served Lavalin well.

TOOK TWO YEARS

It took two years of negotations with Soviet authorities
before Lavalin finally succeeded last November in landing
two contracts — worth a total of $270 million — for the
construction of an oil and natural gas processing plant and a
pipeline network.

Lamarre says these contracts, the largest ever secured
by a Canadian company in the Soviet Union, should lead to
other work becausé “the Soviet Union is a very large
country, and we have know-how that can be useful there.”

Lavalin's next big challenge is China, where it hopes to
play a major role in developing a hydroelectric complex on
the Yang-Tse River.

A consortium of three Canadian firms headed by
Lavelin has already won a contract to do a feasibility study
of the project, which would be bigger than Quebec's massive
James Bay power development.

“We have opened an office in Bejing, and we have an
inside track,” said Lamarre.”

B.C. companies
amalgamate

VANCOUVER (CP) — ish Columbia.
Under the | terms of the
proposed jon, each

shareholder of Okanagan will
receive two common
and one preferred share in
Okanagan Skeena for each
common share of Okanagan.
Each Skeena shareholder will
receive one common share of
the new company for each
common share of Skeena.

In addition to various re

gulatory approvals, the amal

. gamation is conditional on
Skeena making an offer to
repurchase 125,000 of its is
sued and outstanding com.
mon shares at $5 a share.

THE

vision in northwestern Brit

Coming Soon . . . See the
Castlegar News of Sun., Jan. 19

He adds that the project, if it materializes, will not get

under way for another five years or so.
STARTED SMALL

Lavalin began as Lalonde and Valois Ltd., a small
Quebec engineering firm founded in 1934. Lamarre had been
employed there as a civil engineer, and when the original
partners retired he and three associates stepped in.

Lamarre says he has never felt handicapped by his lack

of business education.

“Entrepreneurship can't be taught anyway. It’s a kind
of driving force that never lets you be.”

His own theory of corporate

Import
car sales
increase

Sales of Hyundai's Pony
and Stellar models more than

made early in 1985 that it
would sell 55,000 to 60,000
ears. In December alone, the
company sold 4,8

from 3,517 a year earlier.

Hyundai's cars are sold
without import duties be-
cause South Korea is con-
sidered a developing country
by the Canadian government,
which exempts products
from developing countries.

Honda was No. 2 in import
sales, selling 62,962 vehicles
compared with 53,183 in
1984. In December, Honda
sold 5,110, up from 3,517 in
December 1984.

Toyota was third with
56,99, up from 49,463 in
1984. Its December sales to-
talled 4,017, compared with
3,866 a year earlier.

No, 4-selling Volkswagen
— also unhampered by im-
port quotas — sold 46,291
cars, up sharply from 30,112
in 1984. VW sales for De-
cember were 4,039, compar-
ed with 2,343 in December
1984.

Here's how the totals look-
ed for a selection of other
importers for last year with
comparable 1984 figures in

is simple:

“You give responsibility to people, and if they are not able to

perform you replace them.”

Another key, he says, is to take the long-term view
It was to avoid the pressure for immediate profits that
he and his partners refused to issue Lavalin shares to the

public — until last week.
On Jan. 7,

the company launched its first publicly

traded subsidiary, LavalinTech, whose purpose is to

promote the application of new gy in the

engineering field.

“We have made a compromise there,” said Lamarre.
“LavalinTech will do mostly development designed for an
early return. But there will be some basic research too.

U.S.-Japan pact
will benefit B.C.

VANCOUVER (CP) —
Britis Columbia forest in-
dustry will benefit from a
United States-Japan agree-
ment on tariff reductions but
industry leaders say the ex-
tent of the benefits is hard to
determine.

Because Japan subscribes
to the General Agreement on
Tariffs and Trade, tariff re-
ductions under the agree-
ment will apply equally to
products from Canada and
other nations.

That means any tariff re-
duction, such as those on
plywood and other lumber
products, will automatically
apply to Canadian products
as well as American.

Under terms of the pact
announced last week, Japan
has agreed to reduce its
15-per-cent tariff on plywood
to 12.5 per cent by April 1,
1987, and to 10 per cent by
April 1, 1988. A 10-per-cent
tariff on white wood lumber
(Interior spruce, pine and fir)

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aru 9,539 (8,219); BMW 4,677
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Mercedes Benz 3,550 (3,101);
Skocar 2,662 (1,729); Jaguar
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total volume produced in B.C.

Charles Widman, presi
dent of Widman Management
Ltd., said Canada and the
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Rangers win 2-1 over Canucks

GRANT KERR
John Vanbiesbrouck can't decide
if he plays goal like a standup Ken Dryden or « flopping
Glenn Resch, but New York Rangers will take him just the
way he is — with the most wins this season in the National
Hockey League.
Vanbiesbrouck jumped one game ahead of Andy Moog
of Edmonton Oilers when he won for the 19th time in
the Rangers to a 2-1 decision Tuesday night

By
VANCOUVER (CP) —

The 22-year-old Detroit native, drafted in the fifth
round in 1961 from Sault Ste. Marie Greyhounds of the
major junior Ontario Hockey League, mee eS

goal for every New York victory this season.

“Things are going right for me at the moment and the
guys in front of me have confidence in me,” said
Vanbiesbrouck. “I'm just fortunate to get enough goals to
win when I'm in the nets.”

Vanbiesbrouck said he tries to be a standup netminder

Ken Dryden was when Montreal Canadiens won five
straight Stanley Cup championships in the late 1970, but he
also uses the butterfly style on occasion like Glenn (Chico)
Resch of New Jersey Devils.

Grows
«We've bpes th 6 bet of caged Guanes Satis Glee you ©
lot of confidence being in tight ” Vanbiesbrouck said.
“I get pumped up in tight situations and I think the team has
responded.”

The Rangers, who play 10 of their next 12 games on the
ead, meres tate 0 tearthepieey: 5. wete Sees cose
Penguins in the Patrick Division standings when defence.
man Mike McEwen scored his second goal of the game at
14:21 of the third period to break a 1-1 tie.

McEwen got his first goal of the season in the second
period when his rebound deflected into the Vancouver net
off the skate of Canuck defenceman Garth Butcher.

The winner came when Peter Sundstrom, who hit the
post behind Canuck netminder Richard Brodeur, grabbed

his rebound and fed McEwen between the circles for a
aint blast which eluded Brodeur.

“It feels good to finally make a contribution,” said
McEwen, acquired Dec. 23 from Detroit Red Wings for
Steve Richmond. “It takes time to tell whether a trade is a
good one.

“I wasn't going to let a bad bounce on the Vancouver
goal get me down. I want to help this team be a winner.”

The puck bounced over McEwen's stick in the opening
period at the Ranger blue line and the Canucks scored when
Jim Sandlak faked a shot and fed a perfect goalmouth pass to
Dave Lowry.

“Mike should help us on the blue line, especially on the
power play.” sald Batge 0E “We need help

there because of the absence of Barry Beck with a bad
shoulder in;

“As for Vanbiesbrouck, we felt back in training camp he
would be one of the premiere young goaltenders in the
league. He's given us some stability.”

It was a sluggish game at best as the Canucks lost their
third straight one-goal decision. Vancouver now is winless in
eight games and the frustration continues to mount,

ecpecially for sniper Tony Tanti, whe was robied three
‘anbiesbrouck.

with me, has got to bear
frustrated tonight with

And, start shooting more, said Canuck coach Tom Watt,
who caid hin then hed (ay Oe

net.

“In many cases we're just being too fancy around the
net, trying to pass the puck into the goel,” Watt sald. "We've
got to start the puck on the net.

“We're not getting the job done offensively and it's
dragging the team down. We're not that bad
but when our power play ian't clocking, we also can't seem to

Rangers continue their road trip tonight against the Kings.

Jenny Rezanzoft (9) of Stanley
Humphries Junior “Rockettes tries hard to hang on to

ball in game against L.V. Rogers of Nelson Tuesday
night at SHSS. Rockettes won 54-18. CesttowsPhete

RECREATIONAL LEAGUE

Checkers wins 8-5

By CasNews Staff
Frank Costa and Don Savinkoff scored three goals each
Monday night to power Checkers/Mallards to an 8-5 win
over Hi Arrow in Castlegar Recreational Hockey League
action.
In other games on Sunday, Castlegar Knights edged

\ Sandman Inn 5-4, while Hi Arrow beat Castlegar Playboys
\94.

| In Monday's game Costa and Savinkoff opened the
coring for Checkers/Mallards in the first period and Rick
Shukin replied for Hi Arrow.

Savinkoff started the scoring for Checkers/Mallards at
8:51 of the second period. Brander McDonald replied at
11:09. Sqvinkoff scored & minute later to once give Mallards
a }wo-goal lead.

Brund Tassone then notched a goal for Hi Arrow.
‘Anbther geal by McDonald made the score 4-4 but Costa

e the tle when he scored for Mallards with less than
thrée minutes left in the period.

In the third period Mallards goaltender Phil Markin
held\Hi Arrow off the scoresheet while his team notched
thred goals to make the final 8-5 in its favor. Scoring were
Greg \Moroso, Costa and Sean Armstrong.

tting the assists for Mallards were Savinkoff and
Wayne Popoff with three each, Terry Sander and Greg
Mi with two each, while singles went to Sean
Armsthong, Mike McCormack, Costa and Al Akselson.

Yuri Jmaeff, Terry Jacobson and Brad Makortoff got
two assists each for Hi Arrow, while Kelly Keraiff and Rick
Shukin had singles.

In the Knights’ win over Sandman Inn, the eventual
winners took a 2-0 lead after the first period on goals by
Wayne Kinakin and Don Deschene.

The two teams exchanged single goals in the second
period, making the score 3-1 for the Knights. Kinakin scored

Klit notched a goal for the Inn team, making the score 4-2 for
the Knights.

Horcoff completed the Knights scoring with his second
goal of the game at 9:60, however Sandman Inn's Vince
Antignani went on to score two goals before the final siren
sounded making it 5-4 for the Knights.

Deschene chalked up three assists for the Knights,
Wayne Kinakin recorded two, while singles went to Chuck
Bucknell, Dick Braun, Bob Evans, Wayne Zinio and Chief
Mercer.

Clay Liber had two assists for Sandman Inn. Singles
went to Perry Klit, Kevin Kirby, Bill Cheveldave, Joe
Antignani, Dan Walker and goaltender Phil Markin.

In HI Arrow’s win on Sunday, the hotel team got off to a
good start scoring three goals and shutting out Castlegar in
the first 20 minutes. Bruno Tassone, Yuri Jmaeff and Rick
Shukin scored the goals.

The Playboys got their first goal at 8:39, scored by
Terry Halisheff. Hi Arrow replied with more than three
goals to make the score 6-1 when Tassone, Shukin and Kelly
Keraiff scored.

The Playboys opened the final period with a goal by
Perry Samoyloff. But Hi Arrow pulled away with three mor
goals to make the score 9-2.

Goalscorers were Shukin, James Verigin and Jim
Nazaroff. Then, in the last three minutes of the game
Samoyloff and Dennis Denisoff popped in two goals for the
Playboys to make the score 9-4.

Assisting for Hi Arrow were Keraiff with four, Tassone
with three, Jmaeff, Shukin with two each and Nazaroff with
one.

Bill Nazaroff had four assists for the Playboys, Halisheff
got two and Bob Essaunce had a single.

Recreational League action on Thursday sees Checkers/

for the Knights, while Kevin Kirby replied for di Inn.
John Horcoff opened the scoring in the final frame with
a goal for the Knights. A little over a minute later, Perry

Inn at 10 p.m. in the Community

playing
Complex. Friday, the Knights take on the Playboys at 7:15
p.m.

Rocker

Big test for Rockers

in tourney

Stanley Humphries Rockers face their biggest test of
the season this weekend when they host the 11th annual

Morris.

game,” added Morris.

The Rocker

The two-day event involves eight teams, three of
which will be paying their first visit to Castlegar.

The three, Meyers High School from Taber, Alta.,
Henry Wisewood High School from Calgary and
Springvalley from Kelowna are typical of the strong
teams that will be participating.

Repeat visitors include L.V. Rogers from Nelson, Mt.
Baker from Cranbrook, Lord Byng from Vancouver, and
Mt. Sentinel from South Slocan.

“I anticipate that the Rockers will meet three strong
opponents in the Invitational,” said Rockers coach Kevin

“Our goal is to get through to the championship final
— if we can do that I'm sure we'll come up with a big

The action gets underway Friday at 3:30 p.m. —
Lord Byng versus Mt. Sentinel and continues with
Meyers against L.V. Rogers at 5:15 p.m., Wisewood
against Mt. Baker at 7 p.m. and Stanley Humphries
meeting Springvalley in the 8:45 p.m. — game.

all da;

awards to follow.

earned second place.

trouble, said Morris.

with the championship game slated for 8: v4 p.m. with

Meartwhile, the Ruckers kicked off 1986 with a
successful road trip to Summerland.
Participating in the ninth Annual Rockets

added.
‘Trickey also hooped 14, followed by Donald and

Johnson with 10. eer ne ee

Stanley

only loss in
untimely, Taking place in the gain for the tournament
Stanley ’ only loss

eR a srg. erg Bar Grow te Bey send er
championship. The Kelowna Owls played poised, deter-
mined basketball and hung on for a 47-43 win, Morris

stated.

An evenly-played first half ended with Kelowna
ahead 30-26. The third quarter saw the Owls capitalize on
the Rockers’ errors and a dry spell in scoring to open up a
12-point lead. Stanley Humphries fought back in the
fourth quarter, including a streak of 11 unanswered
points but fell just short of the Owls at the final buzzer.

al Basketball tournament, the Stanley Humphries squad

In the opening game of the tourney the Rockers took
on the KLO Cougars from Kelowna and had their hands
full. The game was tied 34-34 at the half and the Cougars
took a one-point lead into the fourth quarter.

The relentless pressing by Stanley Humphries paid
off in the final 10 minutes, causing KLO to get into foul

The Rockers scored seven fourth-quarter points on
free throws and squeaked out a 57-55 victory.

Rob Trickey scored 15 points for Stanley Humphries,
followed by Clinton Johnson with nine and Kerry Uchida
and Duane Donald with seven each.

Gord Babaeff and Greg Larson were leading

ment all-stars Rob Trickey and Clinton Johnson again
paced the Rockers’ scoring with 17 and 10 points
respectively. Gord Babaeff added eight points.

Morris cited teamwork as Stanley Humphries’ key
ingredient in their tournament success and their 9-3

win-loss season record.

“The team does not have one or two players that can
win games by themselves, all 11 players have to

contribute.

Players like Mike Roberts, Glen Lefurgey, Dale
Fitehett and Erie Dillon may not score a lot of points but
like the other seven players they all make a solid

contribution,” added Morris.

. “Our play in Summerland showed definite improve-
ment in man defense and rebounding.”

that earned them tourns-

Calgary out of slump?

By The Canadian Press
Calgary Flames may have
been in a slump, but it might
be hard to convince Wash-
ington Capitals of that fact.
The Fimaes broke « nine-

game road losing streak
Tuesday night at the Capital
Centre, winning for only the
second time in the last five
weeks, when they posted a
4-8 National Hockey League
vietory over the Capitals.

Calgary, 19-20-3, swept the
season series from the Cap-
itals, handing Washington
three of its 13 losses.

“I don't know why they
were floundering,” said Cap-
itals coach Bryan Mufray.
“They're a big, strong club
and have real talent.”

Then how to explain the
Flames’ slide, in which they
lost 12 of the previous 13
games?

“First of all, it wasn't
really a slide until towards
the end,” said veteran for
ward Lanny MacDonald, who
helped set up the game
winning goal scored by Dan
Quinn at 9:59 of the third
period. “We lost six of the
first eight games by one goal,
then in the last couple games
we didn't play well.

“But we knew sooner or
later we'd turn it around if
the club was patient with us.”

Elsewhere, it was: New
York Rangers 2, Vancouver
Canucks 1; Winnipeg Jets 5,
Quebee Nordiques 4; Phil-
adelphia Flyers 3, New Jer-
sey Devils 2; and Minnesota
North Stars 3, Chicago Black
Hawks 3.

In Washington, all seven
goals in the game were
scored on power plays, with
the Flames going four-for-
nine, while Washington was

hart 1:15 into the second to
put the Flames up 2-0. Wash-
ington tied the score later in
the period on goals by Peter
Andersson and Al Haworth.

Steve Konroyd and Quinn
scored for Calgary in the
third before Washington's
Jorgen Petterson concluded
the scoring.

JETS 5 NORDIQUES 4

In Quebec, Winnipeg cap-
tain Dale Hawerchuk scored
two consecutive third-period
goals to break a tie and end
the Nordiques’ seven-game
winning streak. Laurie Bos-
chman, Thomas Steen and
Ray Neufeld also scored for
the Jets. Peter Stastny had
two goals and Mike Eagles
and Dale Hunter one each for

FLYERS 3 DEVILS 2

In Philadelphia, Mark
Howe put the Flyers in front
with a short-handed goal 8:29
imto the second period, but
goals by Randy Valischek
and Paul Gagne had New
Jersey up 2-1 entering the
third period. Tim Kerr's
league-leading 38th goal of
the season tied it and Per-
Erik Eklund scored the win-

Denis Savard and Wayne
Presley scored for Chicago,
which blew a 3-1 lead.

More all-stars

By CasNews Staff

Sixteen more players have
been named to the East and
West Division Kootenay
International Junior Hockey
League all-star game to be
played Saturday night in In
vermere.

Dallas Drake, Damon Ra
cieot and Troy DeJong of
Rossland Warriors have been
named to the West Division
team, with Walter
Sheloff of Nelson Jr. Maple
Leafs, Darcy Dickson of Bea.
ver Valley Nite Hawks, Dale
Holz of Grand Forks Border
Bruins, Randy McLaughlin
and Colin Melntyre of Trail
Jr. Smoke Eaters.

i Carlson and Brent

Tataryn of Kimberley
Knights have been named to
the East Division team, along
with Darryl Donald and
Bruce Pelton of Cranbrook
Colts, Dave Iverson of Spo-
kane Braves, Derrick Bayer
of Elk Valley Raiders, and
Kevin Nelson and David
Horn of Columbia Valley
Rockies.

In addition, goaltender
Erie Volpatti of Beaver Val-
ley will replace teammate
Jim Bailey, who is out for
several weeks with a knee
injury.

Five Castlegar Rebels
were named to the team last
week: Rod Horcoff, Kelly
Hurd, Dan Taylor, Darcy
Martini and Ken Hoodicoff.