Castlégar News January 6, 1985

BUSINESS

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Pulpit & Pew

BY TED BRISTOW
Castlegar United Church
The three wise men were

pagans. But they were wel-
come to worship the newborn
Jesus anyway. I'd better
explain that.

Today is the last day of
the Christmas season. Jan. 6
is called Ephiphany, and in
eastern churches it’s a bigger
day than Dec. 25.

In many western churches
it's a day to think of bogie ble

got to do with anything
important?

Well, it means the three
wise men probably came to
Bethlehem with wrong-

headed ideas, but were wel-

come anyway.

Which means that when
you and I recognize that our
thinking about God is prob-
ably wrong-headed, or when
sonemone else points out that
we are “pagan”, that we are
nonetheless welcome to go

men, who
miles to the Bethlehem stable
and presumably arrived
there long after the shep-
herds had gone home.

The wise men were not
three kings, in spite of the
wonderful carol that tells us
otherwise.

They were ‘magi’, a nebe-
lous word used sometimes to
describe priests of an eastern
religion we know as Zoro-

sepie nd :

ing, and
anyway.

All of us — I don't care who
— come to God for at least
partly the wrong reasons,
usually selfish ones.

But the wise men weren't
turned away. They were
welcom

And so is any sincere
seeker today welcomed by
God, “just as I am,” without
having to first of all meet
's doctrinal and mor-

a
political envoys from the
eastern regions.

They weren't Christians
and they weren't Jews. Many
would have been quick to call
them pagans.

Matthew's wonderful tel-
ling of the visit of the wise
men (see Gospel of Matthew,
chapter 2) probably means us
to consider them represent-
atives of the non-Jewish
religion and race. Matthew
would have us see the whole
world, not just the Jews,
represented at the Beth-
lehem manger.

A church leader at the end
of the first century (Ignatius)
pointed out that they were
not only pagans, but prac-
tised magic, star-reading be-
ing lumped together with

rejected by the church as
anti-Christian.

Yet, they were at Beth-
lehem.

So, what's all this history

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wou WAGON
Costteowd Pare

NELSON

352-6661

al criteria,

If you feel drawn, come as
you are.

That's what the story of
the last day of the Christmas
season says to us today.

Hunter
service
today

George Thomas Hunter of
Trail passed away Jan. 2 at
Trail Regional Hospital after
a lengthy illness. He was 88
years old.

Mr. Hunter was born at
South Shields, England on
June 23, 1896. A longtime
resident of Trail, Mr. Hunter
had worked at Anyox for a
few short years. He gained
employment with Cominco,
working most recently as a
superintendent of the wel-
“ shop. He retired at age

5" Hunter was a member
of Emmanuel Baptist Church.
He also enjoyed curling. -

He is survived by his
daughter-in-law, Mrs. Shirley
Hunter-Oglow of Castlegar;
two grandchildren, Nancy
Hunter-Oglow and Kenneth
Hunter-Oglow, both of Cast-
legar; and nieces and nep-
hews in England.

Funeral services were con-
ducted from Emmanuel Bap-
tist Church on Saturday,
with Rev. David Small of-
ficiating. Cremation followed.

A memorial <ervice will be
held at 2 . today at
Castlegar United Church
with Rev. Ted Bristow of-
ficiating.

Carberry's Funeral Home
is in care of arrangements.

YEAR'S GIFTS . mmy Sookorukoff holds her
hter — the first Co in baby of the year, born
Jan. 2. Dr. Jon Van Vliet (second from left) presented
Mrs. Sookorukoft and her husband Bob (far right) with

a child restraint seat Thursday on behalf of the B.C.
Medical Association. Tony Ackney (far left) also
presented the family with og t, on behalf of the
Castlegar and District Hosp!

Request tu

By CasNews Staff Council noted it is city

rned down

viting membership in the out the financial difficulties in

Castlegar council has tur-
ned down a request from the
Kootenay Columbia Child
Care Society to clear snow
from the Society's parking
lot.

December
a cool
month

December was cooler and
drier than normal due to
arctic air moving out of the

policy not to plow snow on
private property. It added
that there are many in-
stances where groups may
need help because of econo-
mic circumstances.

“It's a hard decision,” said
Ald. Len Embree, but council
must be consistent.

In other news, council
received for information a
letter from the B.C. Water-
shed Protection Alliance in-

Alliance.

Council also received a
letter from provincial At-
torney General Brian Smith
encouraging council to pro-
ceed with its new RCMP
detachment building “as soon
as possible.”

Smith's letter was in reply
to a council letter advising
him of plans to go ahead with
the new police facilities.
Council's letter also pointed

raising the $1 million needed
for the new detachment.
Smith replied that he is
well: aware of the financial
problems facing many B.C.
municipalities.
“Unfortunately, I am un-
able to offer any immediate
‘solution to the problem,” he

said.

Ald. Albert Calderbank
noted the letter “doesn’t tell
us very much.”

Births & Funerals

northwest to n
BC.

The mean maximum and
minimum temperatures were
well below normal for the
month. The mean temper.
ature, at -5.8 C, was 3.7 below
normal and only .7 off the low
mean record set in December
1983.

The coldest temperature
recorded this December was
-14.4 C while the coldest on
record, -30.6 C, occurred on
Dec. 30, 1968.

Rainfall was 4.0 mm — well
below the normal 39.4 mm.
Snowfall was 11.3 em below
normal at 66.5 cm. Castlegar
recorded 35 hours of sun-
shine; sliightly more than
average.

Coming Soon ... . See the
Castlegar News of Sun., Jan. 13

eRTHS
DAHL — To Mr. and Mrs. Robert
Dahl, o boy, born Dec. 11

MACASKILL — To Mr. and Mrs.
Doug MacAskill a girl, born Dec
6.

PRICE — To Mr. and Mrs. Rick
Price of Castlegar, a girl, born
Dec. 27.

SOOKORUKOFF — To Mr. and
Mrs. Bob Sookorukot# of Torrys
© girl, born Jon. 2

SHARP — To Mr. and Mrs. Roy
Sharp of Nelson, @ girl, born

DEATHS
BEAUCHAMP — Maria M.
Beauchamp of Costlegor died
Dec. 26, 87. Born Dec. 1897
in South Dakota, she came to
Conade with her tomily, settling
in Spalding, Sosk. She grew up

morried Emmonvel
Beouchomp in 1923. The couple
farmed there until 1952, when
they moved to Nelson, coming to
Castlegar in 1957

BOISVERT — Thelma ¢ Boisvert
of Nelson died Dec. 28 at Mount
St. Francis Hospital in Nelson
following @ lengthy illness. She
3 75. She enjoyed reading.
writing poetry and singing

BRADLEY — June Brodley of
Kaslo died Dec. 2 was borr
in Spokane, Wash., in 1906, and
was raised and educated in
Nelson. She tought
throughout 8.C. until
marriage to Fred Bradley in
1934. A longtime resident of
Rossland, Mrs. Bradley moved to
Kaslo in von

CHERNENKOFF. Former
Nelson a Harold Peter
Chernenkol#, Jr., died suddenly
ot his Foneicien ‘home Dec 26.
oped 32° Mr, Chernenkoll: wos
born and rasied in Nelson

electronics at Selkirk

EASOM — Former Trail resident
Nancy Easom died Dec. 27 in
Spokane, Wash. Mrs. Eosom, 71
lived in Trail for 40 years. Frien-
ds wishing to make o donation in
her memory can send to the B.C
Heart Foundations

FLEMING Former Nelson
resident Glodys — Grant
Marguerite Fleming died Dec
26, aged 59, in Montreal
following @ brief illness. Mrs.
Fleming was born in Nelson, and
@8 @ child excelled in music and
swimming. Following graduation
from Nelson High School, she
went to Montreal for training os

and time in private duty in the
U.S. and Europe.

FOLKARD — Former Balfour
resident John Henry Folkard
died Dec. 31 in Abbotstord, B.C
oged 87

FREEMAN — Leonard Freeman
of Trail died Dec. 27 in Trail
Regional Nospitel eged 77
Memorial donations may be
mode to CAT Scanner Fund, c/o
Trail Regional Hospital
GARNEAU Marcien (Red)
rneau, 68, of Trail died Dec
24 in Trail Regional Hospital af
ter o brief Memorial
donations may be made to the
B.C. Concer Fund, P.O. Box 310
Trail, or the CAT Scanner Fund
¢/o the Trail Regional Hospital

GUASPARINI — Giuseppe
Guasparini, 65, of Trail died Dec
31 in Trail Regional Hospital of
ter @ briet illness. Memorial
donations may be made to the
CAT Scanner Fund, c/o the Trail
Regional Hospital or the B.C
Heort Fund, P.O. Box. 21, Trai

HALISHEFF — Alex Kori Holishett
of Robson died Dec. 27 aged 75.
Born in 'Saskatchewon in 1909
where he grew up and farmed in
the Verigin crea, he moved to
Slocan Park in 1942, working on

TUTORIALS IN BUSINESS APPLICATIONS

The following tutorials in the .. business oy

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Campus of Selkirk College.

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CASTLEGAR CAMPUS
Box 1200, Castlegar, B.C. VIN 3J1 — 365-7292

y .7-

ELECTRONIC FILING ON THE IBM-PC: This 15 hour course
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pacar paren ot bed Brilliant Dom
i 78

"he

chmon at Koiesnikott Lumber
He enjoyed fishing ond gor-
dening

JONES — Margo Jones of Trail
died Dec. 27. In lieu of flowers,
donations may be mode to the
charity of your choice.

KEREIFF Former Casth
resident Eleanor (Buzz) Kerei
Victoria died Dec. 2

Genero! Hospitol

flowers, donations may be made
to the Canadian Cancer Society

LAUBE — Arnold Loube, 54, of
Pe jand died Dec

Mlinese, Donations to the B.C
Concer Fund P.O. Box 1299 or
core of the Bank of Montreal
Rossland, would be appreciated
by the fomily

MacKAY Former Nelson
resident Andrew MacKay died
Dec. 18 aged 80. Mr. MacKay
was born in Old Tory

Scotlond on March 24, 1904. Mr,
MacKay worked at Kootnay
Volley Doiry for 28 years and

ond Notre Dame University until
his death.

MacNICOL — James Williom

anedian Air Force in
World War It, and was a
of the Kaslo Masonic and Shrine
Lodges

Wesley
died sud-
ly Dec. 29 on phy Nep-

tune, near Castlegar. Donations
to the Red Mountain Ski Patrol

sympo:

PARKER — Charles {Chertie)
Parker of Kaslo died So’

Highwoys
angen College and
College.

J di
and gr f
ge waned irom

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WILSON — Mary Wilson, 61, of
Troll died Jon. 1 in Trail R y
lospital otter o briet illness.
Memoriot donations to the CAT
rel und </e Trail Regional
Hospital would be appreciated
by the family as expressions of
sympathy

BLOODY FRIDAY
MARKED BAD
YEAR FOR VSE

By BRENDA DALGLISH
VANCOUVER (CP) — It’s an understatement to say
the Vancouver Stock Exchange, the mad market of
Canadian investment, has had better years.

Calamity after calamity befell the VSE in 1984 but
the worst of its problems was the drastic drop in value in
the final three months.

While the blue-chip Toronto Stock
recorded an 11-per-cent drop at the end of the year, the
VSE, dealing mainly in junior resource companies looking
for venture capital, dipped 43 per cent.

The VSE index started the year just above 1000,rose
to its 1984 high of about 1100 by April and at mid-October
went into a steady decline until it hit 780.53 on Dec. 20. It
closed the year at 888.11. Volume was off 26 per cent but
was second only to the record year of 1983.

“The root cause of the poor performance has been
poor metal prices: gold has plunged, other metals have
been weak and even oi] and gas stocks are off to some
extent,” said VSE chairman Tony Hepburn in a recent
interview. “That and certainly some of the unfortunate
publicity has not resulted in a good year for us.”

ADDS TO PROBLEM .

Although falling gold prices may be the pritiary
contributor, the most recent value slide began at the
same time as the VSE's Bloody Friday debacle when nine
stocks eventually were halted after several of them
recorded drastic price drops in the last hours of trading
on Oct. 19.

Brokers wer caught short of reserves, companies
threated to leave the risky market, a group of disgruntled
investors began their own investigation of the VSE and a
few days ago police raided offices of companies involved
in arranging financing for some of the companies.

These problems are ‘compounded by a variety of
other fresh scars on the exchange’s image.

Earlier this year the exchange refused to identify a
broker it disciplined for a serious breach of regulations.

The violater's name was eventually leaked to the
media — apparently by another member or exchange
official — and the VSE was blasted for being the only
major exchange which refused to identify violators.

Finally, after a visit from B.C.’s Consumer Affairs
Minister Jim Hewitt and more widespread bad publicity
that included a story in the influential international
business magazine The Economist, it decided to release
names of offenders on a quarterly basis.

That decision — criticized because it did not inform
the public as soon as a broker was found guilty of a
violation — was seen as further evidence of the
oft-repeated charge that the exchange is more protective
of its member brokers than it is of i

only sharehokier.

Ottawa is expected to sell at least a minority interest in
Air Canada in the next year or two, moving the company
into the private sector.

Canadian Pacific Ltd., Jeanniot said in an interview,

ownership
“That's one way for us to get privatized,” he said. “Why
not sell (us) their international network and become a
shareholder in Air Canada?”

Jeanniot sees the CP Air domestic network being sold -

to major regional airlines such as Pacific Western Airways
and Nordair, which would presumably become national or
quasi-national carriers.

He didn't indicate how CP Air employees would be
treated in such a realignment and hasn't discussed the idea
with Transport Minister Don Mazankowski or Canadian
Pacifie Ltd.

But he contends there is a ane incentive for CP Ltd.
to make a move in that
sparked by Ottawa's liberalization on ot airline pricing and
route-access rules will tend to depress airline profits.

FACES HIGH COST

Jeanniot doesn't foresee a rosy future for CP Air in that
environment, especially with new aircraft costing at least
$25 million each.

‘The Vancouver-based airline lost $78.3 million from
1981 through 1983, but expects a smallprofit for 1964, aided
by a recapitalization carried out by parentCP Ltd.the year

Air Canada had a net profit of $11 million over the same
Caroe-reer ported and made. op te. 60. ittion 20-2008 7
until

competitors.

The idea of merging CP’s international network with
Air Canada isn’t new, but Jeanniot contends now may be the
time to consider it seriously. The possibility of buying into
Air Canada creates a new option for CP Ltd.

And Colussy hasn't been replaced as president yet, even
though he remains as part-time chairman, so the parent
company can more easily order a policy shift.

SPLITS THE WORLD

Canada splits the world into Air Canada and CP, Air
spheres of influence. Air Canada has most of the United
States and the Caribbean, many prime destinations in
Europe as well as India and Singapore.

CP Air gets Central and South America, some
European countries including Italy, and all of the Pacific.

Jeanniot says CP Air would like access to Bangkok via
the Pacific, but has no interest in starting service in the next
few years. It only wants the rights for future use. At this
point, the Thais are likely to allow only one Canadian carrier
into Bangkok.

“So they (CP Air) will do whatever they can to stop us
from getting the Atlantic rights (to Thailand) where we
could operate tomorrow.”

Air Canada isn't above such tactics.

The airlines are blocking each other from serving
several potential routes, with the result that foreign airlines
are picking up that traffic.

Bank rate the lowest in year

OTTAWA (CP) — The at the trough and on the way

for one-year terms, rising to

on
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DATE: 2 Weeks — February 4 - 15, 1965
For more information contact:

Selkirk College

2001 Silver King Road, Nelson, 8.C. VIL 1C8 — 352-6601

slide in the Bank of Canada
rate continued into the new
year, dropping to 9.96 per
cent from 10.09 per cent last
week, the first time in 10
months the trend-setting
rate has been below 10 per
cent.

And the rate now is
virtually the same level as at
the start of last year.

LEADS CRITICS
Then a respected Vancouver Sun business reporter,
Der Hoi-Yin, who led the critics of the exchange's
disclosure policy, became the target of a rumor
suggesting she was supplying her husband and his
brother, both Vancouver stock brokers, with advance
fc about her i columns.

The Superintendent of Brokers was asked to
investigate by VSE president Don Hudson and after
trading records were studied Der was cleared of all

n.

Earlier this month the exchange announced that it
was raising the standards that companies have to meet to
obtain a VSE listing which the exchange hopes will
“decrease the number of junior companies going public at
too early a stage.”

Among the changes is a requirement that companies
beginning Jan. 1 must spend at least $60,000 on

jon and bi before they can
be listed — more than double the $25,000 current
minimum.

What head in 1985?

“I think it would be a desperate act of optimism to
suggest that we're going to have a remarkable recovery
next year,” said Hepburn.

, thany econom-
ists believe the slide in
interest rates, which began
in mid-July and has led to a
drop in interest rates of more
than three percentage points,
may be nearing an end.

“I think we're pretty well

Tie
UIC to
layoffs?

HALIFAX (CP) — Com-
panies that frequently lay off
workers should be made to
pay higher unemployment
insurance premiums, says
Lars Osberg, an economist at
Dalhousie University.

He said that basing pre-

Stock report

miums on a jpany’s em-
ployment record would dis-
courage layoffs and would do
more to combat unemploy-
ment than adjusting pre-
miums paid by individuals
would.

ment among traders over the
market's sluggish start on

By The Canadian Press
It has not been a happy

new year so far for the Tor
onto stock market as inves
tors remain concerned about
the state of the economy.
The TSE 300 composite in
dex recorded its third
straight loss Friday, shed
ding 23.33 to close at 2353.71
as 6.4 million shares changed
hands. Declining issues out
numbered advances 426 to
193 with 316 unchanged.
That brought the weekly
loss to 31.19 points or 1.31
per cent. -
It was a similar story in
New York on Friday, where
the Dow Jones average of 30
industrials dropped 4.86 to

the new year. As well, con
flicting statisties have cre-
ated uncertainty about whe
ther the slowdown in the rate
of economic growth is con
tinuing.

Of the 14 stock groups that
make up the Toronto com
posite index, 13 fell and one
rose on Friday.

Real estate and construc-
tion notched up the biggest
loss, falling 89.14 to 6561.82,
followed by golds, which
dropped 77.68 to 2712.43, and
transportation, down 33.44 to

3871.70.
For the week, 10 groups
fell and four rose.

Golds suffered the worst
decline, falling 6.6 per cent,
followed by financial ser-
vices, whieh lost 2.6 per cent,
and utilities, down 2.3 per

1184.96, finishing the week
with a net loss of 19.21
points.

‘Analysts said there was a
general mood of disappoint.

Hee. Mon Fe Fam. pm.
Sot. tomtom.

1223-Srd Street attend
Castleger

365-6256

cent
NOTICE OF

ANNUAL MEETING
| Doukhobo:

Nationa ir
Village Inc., Verigin, Sask.

TO SE HELD
Sunday, January 13
ot 2 p.m.
at the Verigin Prayer Home, Verigin, Sesk.

Members and those interested in the Preser-
vation of the Doukhobor Heritage ore urged to

re

the amount of a
company’s unemployment in-
surance premiums to its like-
lihood of having layoffs is
widely accepted in the
United States and would be a
reasonable approach for Can-
ada, Osberg said.

It's unfair to charge com-
panies with steady employ-
ment the same premiums as
those that routinely lay off
workers, he said.

Osberg and other Dalhou-
sie researchers have com-
pleted a three-year study of
the employment patterns. of
118 businesses with 1,400
workers in the Maritime
provinces.

The study also shows
workers with on-the-job
tri ing are less likely than
untrained workers to be laid
off and, if they do lose their
jobs, more likely to find new
jobs.

BOARD OF DIRECTORS

back up,” said Randy Aiken,
an economist with Chase
Econometrics Canada.

Chase's latest forecast,
prepared just before Christ-
mas, shows short-term in-
terest rates — such as those
for business and personal
loans — climbing by about
1% percentage points over
the next 12 months and
mortgage rates edging up
about half a percentage po-
int.

The prime rate, offered to
top corporate borrowers and
the base rate for other
short-term loans, is 11.25 per
cent, . while rates
now start at 11.25 per cent

12.5 per cent for five-year
terms. *

What happens to rates
here depends on what. hap-
pens to rates in the United
States.

A recent poll of major U.S.
economists shows they ex-
pect at best some further
small declines in rates early
this year followed by an
increase in rates reflecting an
inerease in economic activity
and the ensuing rise in the
demand for credit.

SETS TREND

The bank rate, which sets
the trend for interest rates in
Canada, is set a quarter point.

, aboye. the average yield

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protect the value of the
dollar, which has been re-
latively stable over the last
half year and was trading at
75.71 cents U.S. early Thur-
sday.

The theory is that if
interest rates here were
allowed to drop below those
in the United States, in-
vestment dollars would flow
south to capture the higher
rates, lowering the demand
for the Canadian dollar and in

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February 19

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MAKE YOUR EDUCATION
YOUR NEW YEAR'S RESOLUTION
The bags yl Administration Department now offers o wide
voriety of shor courts forthoes withing fo upgrade ori
Prove present skills. Courses offered
peter = Date & Word Processing = Typing & Dice Tyeine *
Electronic typew: * Shorthand

Reg ouume = |
Mowe: O00
to 3:30

For more information contact the Admissions Office:

Selkirk College

2001 Silver King Rood, Nelson, B.C. VIL 18 — 352-6601

THE
KITCHEN CORNER

e be row Frode 4 socnen Need
-FULL-LINE OP WILTON PRODUCTS
Locarep ay
WANETA WICKER

1458 Bay Ave. 368-8512

PAINTING &
DECORATING

2649

CASTLEGAR

FOURTH
e
VIN 281

AVENUE
e

365 3563

ightin
‘od Stock of Lig as
goth Accessories & Water

Mall
Upstairs in Trolls Towne Squere
Phone

PUASé Spas

Chahko-Mika Mali

CHEMICA
AT MALLA|

Carol Mage
Dianna Koomikott

ADVERTISING SALES

, ‘Ss
CASTLEGAR, NEWS

OFFICE 365-5218