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March 2, 1988 Castlegar News _ 17
CRESTBROOK WwW A NTED

By CasNews Staff year of operation for all Crestbrook production divisions, COT TON RAGS
Crestbrook Forest Industries Ltd. reported record following 1986 which saw an 18-week labor disruption by the

profits and sales for 1987. International Woodworkers of America, Sy.
The East Kootenay-based forests company recorded net “During the quarter, a new daily production record of oI
earnings of $26.7 million last year compared to $5.6 million 2,154 MFBM (thousand feet board measure) was established Castlesar
for 1986. for the sawmills and a weekly production record of 647
Sales totalled $238.9 million in 1987 compared to $161.7 ADST (air-dry short tons) per day was established at the

million the year previous. pulp mill,” said Hosaka and Lang. 197 Col
“Increased production and sales volumes, together with “These results reflect, in part, the operation of the

$1.74, after downward adjustment of $.17 for the and Stuart Lang, president and chief operating officer, said Hosaka and Lang said the industry has come through a PUBLIC NOTICE
accounting changes. Earnings per share in 1986 were in a prepare release. period of uncertainty with the introduction of a new

$1.79. ___ “The reduced financial expenses also contributed to provincial stumpage system and the concurrent phase out of / G3 Door to
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Record profit
for Utilicorp

By CasNews Staff

UtiliCorp United Inc. has reported revord profits for
1987. UtiliCorp, the parent company of West, Kootenay
Power and Light Co,, recorded a net income of $30.5
million for 1987, compared to $29.7 million in 1986.

UtiliCorp also reported revenues of $595 million for
1987 compared to $596 million the year previous.

The record net income for 1987 reflected a downward
adjustment of $2.7 million for cumulative effect on prior
years of two accounting changes.

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improved operating efficiencies contributed to the signifi- sawmills on a three-shift per day basis. There were no major
cant improvement in earnings from operations,” Sakae operating problems during the quarter and lost production
Hosaka, chairman of the board and chief executive officer, time was due only to scheduled maintenance.”

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Primary earnings per common share for 1987 were

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: increased earnings before taxes and the cash flow generated the 15 per cent export tax on softwood lumber shipments to
Sed Wek cule kt oi noel Peed Ap tal allowed accelerated reduction of long-term borrowings.” the United States. Over 90 per cent of Crestbrook's lumber
in 1986, reflecting a September 1987 public offering of Crestbrook 's 1987 fourth quarter results showed sales_ is destined to American customers.

two million new shares. All 1986 share and per share of $64.6 million _and earnings of $6.8 million compared to “This uncertainty was compounded by the imposition of
th i amounts have been restated to reflect the company's £ S#les of $82.7 million, earnings of $434,000 for the identical assessed costs for reforestation, which has created some

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Door Sales

The City of Castlegar and the R.C.M.P. advise
City residents that anyone selling goods or ser-

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: an period in 1986. inequities because of the diverse logging costs in different
semiannual two per cent stock dividends and a July 1987 ie . 5) eeing vices door to di the City is required to h
“ao * en ay Hosaka and Lang said, “The results for the fourth parts of the province. The company, on its own and in a current. business conce eset 6 the City.

quarter reflect the continuing strong markets for pulp and cooperation with industry associations, is making every Residents should be aware that they have the
steady markets for lumber.” effort to ensure our steep slope logging is fairly recognized,” right to request identification and to view the

Record sales and earnings in 1987 also reflected a full said Hosaka and Lang. business licence prior to allowing anyone into
their home. in most instances anyone entering
into a contract has the right to cancel the con-
tract under the B.C. Consumer Protection Act.
Anyone who requires further information is
requested to contact the City’s Licence Inspector
at 365-7227

three-for-two common stock split.

For the fourth quarter of 1987, the company had net
income of $9.4 million on revenues of $177 million,
comipared to net income of $7.5 million and revenues of
$151 million in the same period of 1986.

“Resolution during the fourth quarter of gas contract
demand issues affecting the Peoples Natural Gas division
added about $350,000 to 1987 net income,” said Richard C.
Green, Jr., president and chief executive officer. “More
significantly, this should have a positive impact on future
net income of about $4.2 million annually.”

Green also said that consolidated operating income

Employees steal more
increased by 17 per cent in 1987, from $52.7 million to than shopl ifters

hetiaial weather ta the Miseourl Public Services division's WINNIPEG (CP) — When wasn't losing flowers at all. have 19 clients. They expect crime and private security
territory in late summer, and cost containment and = ® florist thought a lot of Instead, a cashier was to double that by the end of firms are not geared to de-
increased industrial sales at Peoples Natural Gas. flowers were disappearing ringing up only part of the April, and exceed their year- veloping an overall program
The UtilCo Group subsidiary had net income of $2.82 mysteriously from his store sales she made each day, end gross sales target of to address all of a business's
million before cumulative effect of an accounting change, every month, he called on pocketing the difference. It $250,000 by their sixth or loss problems, McGregor
and the PSI subsidiary contributed about $0.8 million. corporate sleuths Richard appeared flowers were being seventh month. said.
UtilCo invests in electric generation facilities and PST is a Green and Bob McGregor to~-stolen when in fact money “I knew there was a need, As private consultants, he
marketer and supplier of natural gas. solve the puzzle. was being taken. but I didn’t realize how big it and Green sit down with a
UtiliCorp United, based in Kansas City, provides The shop owner couldn't The problem is one Green was,” McGregor said, adding company and develop a pro-
electric and gas service to seven states through its figure out what any customer and McGregor, consultants he quickly discovered he gram to meet its specific
divisions, Missouri Public Service, Kansas Public Service, or employee would do with so who help companies reduce didn’t have to persuade local needs and budget.
Peoples Natural Gas, Northern Minnesota Utilities, and many flowers, but the pri- thefts and losses, say is businesses they would bene- McGregor said businesses
West Virginia Power. vate eyes of the business common. Even if businesses fit from a good loss pre- often make the mistake of
world soon discovered he are aware they have an in- vention program. adopting Band-Aid solutions
ternal problem, they often Each year Canadian bus- to loss problems.
misdiagnose the source. inesses lose an estimated $1.3 For example, a firm may

CITY OF CASTLEGAR
460 Columbia Avenue
Castlegar, B.C.

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Most Businesses
Like an Article

About their

Companies without the ex-
pertise or experience to deal
effectively with such head-
aches are increasingly called
on experts like Green and
McGregor.

“It soon became clear to us
that all we have to do is go in
there and tell them what to
do,” McGregor said in a
recent interview.

FIRM PROSPERS
The former loss prevention

billion due to shoplifting,
employee theft, mismanage-
ment of paper flow, or in-
effective accounting and in-
ventory control procedures,
McGregor said.

Employee thefts account
for 50 to 60 per cent of those
losses, 20 per cent are due to
mismanagement or _ in-
adequate accounting and in-
ventory.control and shop-
lifters take the remaining 20

fire an employee caught
stealing, but leave itself open
to the same thing happening
again unless it corrects the
shortcomings which allowed
the worker to commit the
thefts in the first place.
There also is the danger of
overreacting with tough
security procedures that
might be unnecessary and
only anger and frustrate
honest employees and cus-

ROSSLAND MUSEUM 10-4 p.m. Tues.-Sun.
MUSEUM TEAHOUSE RESTAURANT 7-7 p.m.
APRES SKI — Ski Lodge Lounge Frank Web-
ster and Co. (Musical Comedy duo) Wed.-
Sat. 3-7 p.m

GOLD FEVER FOLLIES — Thursday, Friday,
Saturday, 7 p.m. 45 min. turn of century
musical — $3.00.

LA GALLERIA 9:30-5:30 March 7 to March 13.
(Open later March 10, 11, 12)

ART AND CRAFT DISPLAY and Sale.
Location: Stedman's Store, Rossland

TUESDAY, MARCH 8

TRAIL DAY: "ITALIAN HERITAGE

Cunsoos
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Vea ‘VuLXa

officers with the Shoppers to 30 per cent. tomers, leading to more
Drug Mart chain started Me- Despite the high losses, thefts or a loss of business.
Gregor Green Corporate In- businesses have few places to “When morale is high,

vestigation Consultants Ltd. turn to for help. thefts are low,” McGregor
* in December and already Police are busy with street said.
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Every Business F

ST. PETER LUTHERAN PENTECOSTAL Living Waters
NEW LIFE ASSEMBLY Faith Fellowship
ted ential
‘ : 602 - 7th St. Ph. 365-5212
. >, Near High Schoo!
"i SUNDAY SERVICES
Christian Education 9:45 a.m 4km. W. of Castl
713 - 4th Street ‘Morning Worship 11:00 a.m Hwy. 3 towards Grand Forks

Office 365-3664 Evening Service 6:30 p.m. 5818
WEDNESDAY Poster Stuart Lourie

° 4 Rev. Glen Backus 7:00 p.m. Bible Study — Prayer 365-3:
Worship Service 9 a.m Crossfire tor Youth Sunday Mo: ng Wer ship
i Sunday School 10:15 a.m. FRIDAY 0.300
2 Youth Group, 7:00 p.m, Youth Meeting Nurser ach ldre ren s church

Sunday, 6:30 p.m . es Mid-week pater ice & Study
: ; o
: or mys Bible teaching for all ages
Ul nn j ————————— é A Non-Denominational Family
‘ Church, Preaching the
ANGLICAN CHURCH _ rch, Preaching
Business and
. Below Castleaird Plaza
Phone 365-6317
‘ ; Parish Purpose: 4
2 4 “To know Christ and EVANGELICAL siacichbrild bisa
: ke Him known one 365-
ae : e me FREE CHURCH _ SUNDAY SERVICES —

Sunday School 9:30 a.m.
CALVARY BAPTIST 914 Columbia Ave. ‘Morning Worship 10:30
Sunday School 9:45 a.m Evening Fellowship 6:30

3 = 3 Family Worship Service Wednesday: Home
a pT NS 11:00 a.m Meetings 7:00 p.m.

ou ve Ladies Bible Study Friday Youth
ae ; SE ji Friday, 9:30 a.m Ministries 7:00 p.m.

“OPENING CEREMONIES 6-11 p.m. Meet the racers.,
Dinner and entertainment, Cominco Arena, Trail

WEDNESDAY, MARCH 9

CASTLEGAR DAY: "RUSSIAN HERITAGE

ARTISANS AFFAIR — Craft Fair, Sandman Inn Baliroon
Castlegar 10-6 p.m

RACERS AUTOGRAPHY SESSION 5:30-6:00 p.m
Castlegar Rec Complex

“DINNER ond ENTERTAINMENT 6:30 p.m. (With the
Racers), Castlegar Recreation Complex

YORKS WINDS QUINTET — 7:30 p.m. Brilliant C:situral
Centre.

THURSDAY, MARCH 10

ROSSLAND DAY: "ALL CANADIAN

ROSSLAND STREET PARADE — 5 p.m

“TURKEY DINNER (With the Racers) 6 p.m. Rossland
High School. Entertainment follows
CRAFT FAIR — 6-11 p.m. Miners’ Hall
GOLF FEVER FOLLIES 7 p.m. Miners Hall

“MINERS HALL REVUE — 9-12 midnight. (Gold Fever
Follies, Trail Pipe Band, Nee Highz Singers, Tom Lewis
T. Moore).

FRIDAY, MARCH 11

KIDS’ FUN — 3-7 p.m

CRAFT FAIR —6-11 p.m, Miners’ Hall

GOLD FEVER FOLLIES — 7 p.m. Miners’ Hall
TORCHLIGHT PARADE — 7:30 p.m. Red Mountain

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RED FEATHER SALOON AND DANCE — With "No Excuse
Miners Hall, 9 p.m.

SATURDAY, MARCH 12

WORLD DOWNHILL RACE — 10 p.m

AWARDS PRESENTATION 2 p.m. Red Mountain
CRAFT FAIR 1-9 p.m. Miners Hall,

GOLD FEVER FOLLIES 7 p.m. Miners Hall

TEEN DANCE — 8-1 a.m. Rossland High School
*INTERNATIONAL FUN NIGHT — 7-12 midnight. Trail,
Castlegar and Rossland pubs and restaurants. “Funbus
transports you, $10.

*RED FEATHER SALOON and DANCE With (No Ex
cuse’” Miners Hall 9 p.m

SUNDAY, MARCH 13

WORLD SUPER G RACE - 10. a.m.

FLASH IN THE PANCAKE BREAKFAST — All you con eat
Rossland Secondary School, 6:10 a.m. $3.00/ Adults
$1.50’ seniors and ki

AWARDS AND CLOSING CEREMONIES — 12:30 ot Red

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1401 Columbia Avenue . _
Sunday Services FULL GOSPEL
8:00 a.m. & 10:00 a.m. FELLOWSHIP
Sunday School 10 a.m ! (A.C.0.P.)
Rev. Charles Balfour
365-2271

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jountain.
VOLUNTEER APPRECIATION DINNER & DANCE (Adult
Volunteers Only) 6-12 p.m. Cominco Arena.

WATCHING THE RACES
Practice races on Wednesday,
Thursday and Friday, March 9, 10 & 11
at approx. 10:30 a.m.

WORLD DOWNHILL RACE SATURDAY,
MARCH 12 AT 10:00 A.M.
WORLD SUPER G, SUNDAY, MARCH 13
AT 10:00 A.M.

PARK AND RIDE

Ski Shuttle Bus 8 a.m. - 4.30 p.m. Sot., March 12 and
Sun., March 13 weekend between Red Mountain and
Rossland (CPR Lot, Musoum, Arena, Shell, 9th)

FOOD AND FUN
Red Mountain hos extra BBQs, drink tents, etc. Extra
fun for all of us! See you up there!

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Youth Ministries HOME OF CASTLEGAR

Supjq jueuADg

Discipleship Ministries CHRISTIAN ACADEMY
PASTOR: 365-7818

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25 Past Fireside Motel Phone: 365.6675 NITED CHURCH
fl Sunday School “A CHURCH THAT LOVES °

10:00 a.m, . THE CASTLEGAR AREA!" ___OF CANADA _
Morning Worship

2224-6th Ave.
"1.002... | ROBSON COMMUNITY
oe Evening Service 1% Blocks South of
6:30 p.m HURCH Community Complex
a TUES. 6:00 Pm. Ist Sunday, 7:00 p.m 10. a.m. — Worship
Meindergorten to Grade 8. 2nd, 3rd and 4th and Sunday Schoo!
WEDNESDAY NIGHT Sundays, 10a.m Mid-Week Activities
Study & Prayer 8 p.m for all ages. Phone
‘Church 365-3430 No service 5th Sunday rg i i os
oF 365-7368 Rev. Ted Bristow
Robert C. Lively, Pastor ‘GRACE PRESBYTERIAN 365-8337 or 365-7814

CHURCH OF GOD eT Sai cclembioAve. SEVENTH-DAY 1

me Seorch school (Rev. J.Fervier | _ADVENTIST CHURCH |
9:45 a.m. ne 260: 1471 Columbia Ave., Trail
364-0117

Morning Worship Morning Worship
lla.m. 11:00 a.m
Pastor tra Johnson Sunday School
Phone 365-6762 11:00 a.m.

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‘S30URH S.NYDOH @ 0671

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TICKETS AND INFORMATION
*Advance tickets required
All tickets evailable at Roce Office, 362-5668 /9
OTHER TICKET OUTLETS:
(CEREMONIES

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— Trail, $12.50, Seth Martin

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'Y DINNER — 00.
MINERS: HALL mevue winoctlond $10.00, eae Store
RED FEATHER SALOON and DANCE with “NO EXCUSE”
Regular Saturday Services $6.00 O.K. STORE
Pastor Cliff Drieberg INTERNATIONAL FUN NIGHT “Funbus” $10.00 return.
YORK WINDS QUINTET: Pharmaseve ond Cart's Orugs

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