Sylvester Stallone is
the highest paid actor at
$12 million a picture, ©
but others aren't far
behind... A6é

Expo
opens

Expo 86 opened this
weekend with all the
fanfare and hoopla
surrounding a world's
fair... A3

The six winning numbers in Saturday's Lotto
6-49 draw were 12, 18, 30, 38, 39 and 47. The

bonus number was 6.
The

$500,000 winning number in Friday's
Provincial lottery draw is 343767.

Teachers
settle

Castlegar teochers
have agreed to o two
per cent wage increase

aN) iS

Castlegar News

SUNDAY

Vol. 39, No. 36

CASTLEGAR, BRITISH COLUMBIA, SUNDAY, MAY 4, 1986

WEATHERCAST

Cloudy with brief sunny
of

today and 30 per cent Monday
50 Cents

2 Sections (A & B)

BIKE RODEO .. . Bobbi-Jo Haviland is all ears as RCMP
Const. Glen McNicol rates her on riding habits during
Saturday's annual Bicycle Satety Rodeo at the Com

munity Complex. Hundreds of young cyclists turned
out to be tested

Costews Proto by &

STUDENT
LEARNS BY
INVESTING

By SIMON BIRCH
Staff Writer

A University of British Columbia commerce student
from Castlegar has been included in a group of students
who will put someone else’s money where their theory is
in a unique investment program starting this month.

Dave Picton, 21, is one of 13 third- and fourth-year
UBC commerce students selected to manage an
investment: portfolio of more than $500,000 as part of
their undergraduate education.

Picton, entering his third year, joins six other
third-year students as observers in the program while six

of their fourth-year colleagues make the investment
decisions.

Next May, Picton and the other third-year students
take over the portfolio.

The program is the brainchild of Milton Wong of
M.K. Wong and Associates firm of investment
counsellors, which handles about $2 billion of Canadian
pension funds, a UBC press release says.

Wong and colleagues in the investment industry
have formed the UBC Portfolio Management Society to
receive tax-deductible d for an fund.

DAVE PICTON . . . $500,000 fund

“It's amazing it came along,” added Picton, who first
got interested in investments at Stanley Humphries
secondary school during a Grade 8 course in which
students pretended to manage a stock portfolio

In the UBC program, Picton explained, the students
will have aceess to all the resources that a professional
fund manager would have, such as researchers and

The fund, with pledges now approaching $500,000, is
expected to top $1 million by 1987, and will be mianaged
by the third- and fourth-year students, the release says.

“I see this as a really exciting opportunity, especially
for the practical experience it will give me in my own
persone! interest area,” Picton said in an interview
Thursday

data banks, in order to determine what
investment assets they should buy or sell

Their decisions will then be assessed by an advisory
committee of faculty rs and rep
tatives from the investment management industry. The
committee will have the final say on investment
decisions.

continued on poge AI

STILL IN KIEV

Studen

s' plans

remain unclear

By RON NORMAN
Editer

It is still unclear whether the 13
Castlegar area students in Kiev and
the 21 parents who have joined them
since the nuclear accident 130 kilo-
metres north at Chernobyl plan to
leave the city.

Reports vary, with one report
indicating that all the students plan to
leave Kiev for Moseow, another saying
that only some of the students intend
to leave, and a third saying that all the
students will likely finish out their
school term in the Ukrainian capital.

The Castlegar News has been
attempting to contact the students at
their dormitory at the University of
Kiev where they are on a foreign
exchange program to study Russian.
However, repeated telephone calls to
Kiev have been unsuccessful.

A spokesman for the Union of
Spiritual Communities of Christ, the

SELENA CONNIE
STRELAEFF KOOZNETSOFF
students will be moved from the area,
the spokesman said.

He added that the students have
been enjoying the visit with their
parents and have met with a Canadian
government official from Moscow.

Meanwhile, a Canadian Press story
says the Canadians in Kiev would be
taken to Moscow by train and later
leave the Soviet Union. The story cited
Hector Cowan, a consular officer from
the Canadian Embassy in Moscow, who
met with the students and parents.

An External Affairs Department

program's ig agen-
cy. said Saturday that contact was
made Friday with both parents and
students.

“It seems like the students will
probably remain there for the remain-
der of the term,” the spokesman said.
The term ends in June. The students
left Castlegar in August.

The spokesman added that the
students have been tested for radiation
¢ontamination and the tests proved
negative.

The Soviet authorities have offered
te check the students “periodically”
and if there is any sign of danger, the

told the Castlegar News
Saturday that Cowan is helping those
students who wish to leave.

The spokesman did not, know how
many students intend to leave.

“Some people have decided to leave,

others have decided to stay,” he’ said.

“It won't be before tomorrow
(Sunday) that we'll know how many are
leaving and how many are staying.”

He said those who want to leave will
be taken to Moscow and then flown out
of the country.

The spokesman added that External
Affairs is advising Canadians in Kiev to
make arrangements to leave the area.

FOR AVERAGE HOMEOWNER

It is also advising Canadians not to
travel to the city.

He also confirmed that Castlegar
area students in Kiev have been tested
for radiation.

“The levels were low and there was
no threat to their health,” he said.

But a parent of one of the students in
Kiev says he would like to see. his
daughter return immediately.

Fred Kooznetsoff said he is hoping
his daughter Connie, 19, “would be one
that’s coming home too.

“Even if it's OK, I wouldn't take a
chance and stay.”

Kooznetsoff said he spoke with his
wife Eileen, one of the 21 parents in
Kiev, by telephone Friday morning.
She indicated some of the students
would be leaving and others would be
staying.

She added that she would call him
either’ Saturday night .or Sunday
morning with more information. Kooz-
netsoff hadn't heard from her Saturday
evening.

He said the students who wanted to
leave were to travel to Moscow, where
they wogid remain “for about 10 days”

But he said another student, Sélena

called
morning to say all of the students
would be staying in Kiev.

“I really don't know what's happen-
ing.” Kooznetsoff said.

Kooznetsoff said it is unlikely the
parents will return to Canada, but will
continue with their trip.

continued on poge A

School taxes up $43

By SIMON BIRCH
Staff Writer

Castlegar school board voted 6-1
Thursday to raise the tax on an
average home in Castlegar by a total of
$43 as part of the board's approval of
an $8.6 million operating budget for the
1986-87 school year

The $43 — which will be levied in two
steps — represents a 12 per cent
increase over the current $366 tax on a
home with an assessed value of
$55,000.

The first tax increase — $19 — will
come July 1, with the remaining $24
tacked on to the July 1, 1987 tax bill

The $43 increase is $36 less than the
$79 increase the board originally
proposed April 25.

Board chairman Kay Johnson ex
plained in an interview Friday that the
reduced tax increase is possible be
cause the board decided to lower its

operating budget by $100,000 — even
though Thursday's approved budget
appears to be $40,000 more than the
budget proposed April 25.

The difference involves manipulation
of $140,000 the board anticipates it will
lose because of a possible 50-student
decline in enrolment in September

(The Ministry of Education has
stated it will adjust the operating
budgets of school districts when actual
September enrolments are known.
Lower enrolment will mean a reduction
of funds.)

The Castlegar board's April 25
proposal called for operating expen
ditures of $8,557,000. But in that figure
the board was not including the
$140,000 it expects to lose because of
the enrolment decline. Including it
would have meant an actual operating
budget of $8,697,000.

The budget approved Thursday is

$8,597,000 — $100,000 less than the
budget which includes the $140,000 the
board expects to lose from the decline
in enrolment.

However, Johnson said the board
intends to set aside the $140,000 to
protect itself if the enrolment does
decline.

“It's almost like we're putting it in
trust,” she said. “We did that very
deliberately so we wouldn't have to
disrupt classes mid-year.”

But putting aside the $140,000 means
the board will be working with an
actual operating budget of $8,457,000.

The result is the smaller tax increase
to homeowners.

Regardless of the smaller increase,
having to go to the taxpayers to offset
what they say is provincial government
underfunding of education did not
please the trustees.

continued on page A3

By RON NORMAN

Editer
It's a booze hound’s delight and a

Bars opening

open (but) who says open . . .

Salekin says, though, it's a “good
idea” to relax the B.C. liquor laws,
pointing out it will mean Canadians
won't have to travel to the U.S. to
drink on Sundays.

Sandman Inn manager Jim Young
echoes those sentiments.

“It's good for B.C.,” he said. “So
much money goes south of the
border.”

Young says the Sandman Inn
won't open this Sunday, but will
open on Sundays once he’s received
official wotd from the liquor control
board.

goes south of the border.”
The Mariane Hotel Pub is the
other bar that will open today.

today

“Tl have a band . . . so it’:
like Northport,” manager
Chrusch said.

Chrusch noted that the 11 a.m. to
midnight hours for Sunday “gives
people a chance to go to church.”

Chrusch welcomed the Sunday
opening and said, “I think it's about
time. Why should our Canadian dol-
lars go down across the line on
Sundays?

“We'll keep our Canadian money
im Canada . . . in. Castlegar.”
Chruseh says he only wished the
Provincial governmeat made the
decision years ago.

However, he also pointed out that
Sunday bar openings will be diffieult
to give up at the end of Expo ia
October.

continued on poze A2