¥ overs BUSINESS 3 veroiny 1.00 Conti Mews yee eo ; i ne ae aL PM causes dollartodrop |= atc ined 2610) yam eiosodes Bupuouy 001 mon gous GNVINMONO 3WOH 2118OW © Liner Replacements , © Chemicals and cent down from its Friday high. minister to.do is-to talk about it,” f ; Accessories The dizzying descent forced the Beigie said in an interview. cae ry fr i Bank of Canada to jump into the But in comments later in Toronto, » wf w-5 POOL r Le ge e 4 } relief from high interest rates will market, where it bought unwanted Mulroney repeated his position. al 5 ett HH oof Bu TH Ee FH come after the Feb. 20 federal budget dollars to defend the currency. ‘Asked whether he was being op- ['®E cs ; a SERVICES +H ber i é 35 i aed H 98 5 is released. ; “The Bank of Canada’s in a tittle ““timistic in suggesting interest rates ‘ eeCall i fH i $ on a ae Hi o233 "After_the-next-budget; you" will bit of a jam-right now,"* said“ Mark would fait-after-the-release ofthe 226-7386 or 365-2584 1-45 : § = fe H 3 g begin to’see the downward trend of B Elierbeck, dollar trader with the budget, Mulroney said: ‘*Optimistic? a aah A a3 j x b = ‘ ; : Canadian Imperial Bank of Commer- Just realistic, that’s all. 2 a = z ® + over a period of time,” Mulroney said \ § ce in Toronto. a Y in an interview with The Canadian Mr. Geka) Crow and Mr. x. believe the policies taken by Mr. e7000 3 Press. . (Michael) Wilson are trying to Wilson will have the general effect of rH | i : “+1 expect that we will have relief in stabilize things, and our prime lowering interest rates. I believe those " interest rates by year’s end,"” he ad- minister, he kind of shook things —Polictes will {ncrense ‘Conade's-com- ded. up,” he said, referring to the gover- petitiveness and enhance our ; H The dollar dropped in value by nor of the central bank and the finan. °OnO™Y- more than a third of a cent — to ce minister. ‘Statements like that In a prepared statement, Wilson @ about 83.26 cents US — less than 30 really do shake the market.” himself tried to play down minutes after Mulroney's comment Carl Beigie, ist at brok *s remarks. was reported, currency traders said. house’ McLean McCarthy, said The next budget will be a tough one AC UISITION FEE By the close of trading, the dollar Mulroney’s interest rates comment that will help ease pressures on in- e hit 83.21 cents US, a drop of more was an error in judgment, considering _flation, Wilson said in the statement, than half a cent from Thursday's the sensitivity of currency markets. read to The Canadian Press by one of With Industrial Bond Fund, you invest in high quality government and close and almost three-quarters of a “The last thing you want the prime the minister’s assistants. corporate bonds to generate monthly interest income (and possibly capital Rule changes worry Shaw Better yet, because there is no acquisition fee, every dollar you invest goes to work immediately. HULL, Que. (CP) — One of ata rate of 10 pér cent a year for five come into effect after 10 years, he in- were 125 per cent higher than projec- ‘ . . Canada’s largest cable companies says years. The capital projects must im- sisted. ted. YTV, a youth channel, earned 56 So if you're looking for more in an RRSP, look no further than 000" 18S 10} Ang jua|je2xe uy “S003 © S| 8104 “S{qGO}HOAD punk eyoaud 3a eioodes 0 0; Suipos Buipys s80j8 sepnj> ~u "4 bs 096 "xouddo o oes ey) woWpYC) HW TORONTO (CP) — The Canadian dollar took a beating Friday after Prime Minister Brian Mulroney said ei eeccccc! cee id D SSD BWOS “40] OSIXIE © Uo mojBung woospeg Om wos yim “HOY $1 OSI s9U014IPUC? 110 e20usny $06 mou 0's! 8104) “WOO! Ayusoy sui Buyuoss wont gus? 39] ,002%./8T o nl peyoaoues eUyL “YH [9p © S} 2304 ueeq sby ewoYy interest rates, and this will happen -doys Buiurolpo | e1qou y “bs 000'T SHI NIA “D9 ‘406a,s05 enuary IQuiNjo> [SFL 000'sr$ Surysy *9j08 y2ynb 0404, JIDUUTy WO} $0420 PUD ‘en oIquiNjo> Pp. 09 81 pad Any SIL OSZE-S9E JDNIGISIS aaM V SAVG LITSVUVAV JUV IM awioy D ULM, JONVUNSNI 79V9LUOW sobeyse ‘voeuis qr LELt ues 10; And 04 ped ods0> © $1 e104) JONVUNSNI IOHOD -x@ how euo yoy™ 04 jonbs e10 BRIAN MULRONEY ... shakes thing up JOILON 000'ze$ e224 Buyyso yg |QDWINSSO @WOS “peYys s2udUe isv1lv 3WOH 318v080sV 87ZS°S9E 3NOHd sjuewhDg “2/qoj!0x0 BuruoUy pesue) $1 puo OLX oul ur e60j02 peyonoues 008 Ajesowoxsddy -uyow © pud ft F When it comes to withdrawing money, redemption is easy,and, depending upon the time and method of withdrawal, may be free of redemption charges ‘Old wioads saad 30¥15 NO @ LHOIN ‘nas Aus ‘SWaLIUM L¥3HD ‘Aguydoar @ C'sugaHo @ 00-2 SNrAgNOR AWGN 3H ¥S2081HOdS @ Evaon @ “LOIN iaguvaoar @ HO @ 00: Industrial Bond Fund. WIS ONVED @ 008 SaNruuvaH @ NOISIAZTAL NO ‘SNIVd ONIMOHD @ ‘3SNOH BLIKM 3HL LY JONYINNOSUad NI @ HIM NOLLYSH3ANOO @ Wi 'SNVIONI 3ALLYN @ SAW G3A70SNN @ @ O.SNIVd ONIMOUD AWHL 00 LNWD NOA @ OL LNSWNIVLULNG @ 3NUNSIWA S.AaNSIO @ Wai :7THOM NUZOON @ © ess08 3Hi S:OKM @ uivddv LNZHUND @ © MOHS ABSOD @ OCS BMLVIHL AWS @ Ssanisne AUHOIN @ Av WAZHOUaN NX @ Ag3wOO NNN 3x OL e Ssv1O “AL—) ‘ONIMS! 1WOdS NVIOWNYD “IWNuNOF @ $201 ‘BMLVSHL AWS WNOLLYN SULV3HL GaN 0 @va1 WALNYNO CMOvaa YNIKO @ Sma ALD @ 3D¥1S NO ‘20IS NIE AHOIN S1HOdS Wwioads AGaW assne wuYW @ 0C-0+ ‘AUNLNID BNO Nyon aLVGdNn LHOINSM3N -0o Traésnu MuVH @ want oT ‘AOUAINI ONINaAa @ 30K @ SUNOH WBLav @ SOT! VZNYNOG @ ALHDINUZAO SM3N @ SUNOH HaLay @ AHDINLY) S140¢ds @ BOvd SiuOds @ ‘AdNOOH THN @ 1AZ7aL LVOSUBMOd @ L__sunow waisy @ ASNI 30H09 JINVUNSNI Jy VNOH Syd Lv WWaAaHOumx NaX @ soeyse "v0" WIP LZLL aH WW JON ‘gor QNO23S ¥ ONLLLZD 14ND @ oe OL AVMHOWH) @ SOe sn BHLNI ZOWW S30uSH @ wes NBAV3H IS ANTE OL AVMHOIK @ Sot ava ssanisne @ MaIAgUd 28V @ WWBUGAYG @ 00: SM3N NNO @ OCZ ‘3ulsgsOu) @ HOLVMLHOIN @ 00:2 wyaUeAvo @ ¥S3OSLNOdS HOLWMLHOIN @ 00:7 wvaue ¥ aWID @ ory LIM XOZHOANE ONO 3S V 130 01 MOH @ ‘a7aid ONY KOVEL @ W3A0 ONY Au] @ We] ©4 PWES,,) aoe 3HL 40 C1HOM CUM @ NOLLOW Ni $2108 @ o¢:t ONINUON SS3NISNG dM ONNOWD BHL Wows ADOTOIVHSuY @ uHON @ wivadv INauENO @ AM ONDX AMET @ MON JTUAHSYN AL@~) 81 “qa4 ‘Aopuns 04 yBnosy Z1 "qed ‘ADpuOW s-3rnr ONY O-ZINOH ‘S10808 AVMYNNE @ 2OUVHO NI SITHVHO @ “OL ANSWINIVLNGING @ ssanisne AXWTVD HL OL 30IND S.UgNIK HOLIK @® TUALSISNNVUSIEHS @ ‘98D vo ‘Ci qeg Aopsony id YVOTTIS! pk JDIAUIS B SITVS $033N SNILWIH 8 ONIGWITd YNOA Tiy 8O4 SN 33S ONILWIH 8 INIGW! ‘aIAOW 10601580} ‘“@Aly D1QUINIOD BOOL » SEET-S9E PU HL HLM df ONIGZEX @ SNOIUVA FW 10 opis iusiejip 0 sees oym 116 aBouses pajrod (rey seul eu.) it probably wouldn't have spent so much money on imp prove the delivery of basic cable. The Earlier, a group representing small over the last three years if it had known the rules on what can be recovered from subscribers were going to change. Shaw C of prop the provision for the largest cable operations — those servicing more than 6,000 subscribers. The p' i cable systems asked the commission to monitor the revenues being earned by speciality channels. would still apply to smaller cable made the point Thursday, arguing that regulations which govern how cable rates can be increased should be left alone. Shaw, Canada’s fourth largest cable company and operator of the Castlegar, Trail and Nelson system, was appearing at hearings by the Canadian Radio-television and T icati Cc but they would no longer be able to recoup the costs of exten- ding services to new areas. The commission also wants a sunset clause for capital spending increases. After five years of increasing rates to cover capital costs, the cable company would have to eliminate that amount from subscribers’ bills. Ken Fowler, Shaw's senior vice- which is reviewing cable rate regulations. The hearings, which began Mon- day, are expected to last into next week. ™~ Changes proposed by the com- mission include a restriction on which cable companies can increase their rates to cover capital spending. Cable companies now can increase rates to recover eligible capital costs, for planning, told the com- mission that “had we realized that the were intended tii a termination of the allowance after five years we probably would not have invested so heavily."” A five-year limit on capital spen- ding increases wouldn’t cover the costs of financing those projects, he said. A sunset clause should only apply to future projectsand- should only. Weekly stocks cic d concern that specialty channels as The Sports Network and Weather Now are car- ning revenues that far syrpass what “they projected when their rates were set. Figures provided by the Canadian Cable Television Association show that Weather Now’s 1989 revenues per cent more than it projected and revenues for MusiquePlus, French equivalent of MuchMusic, were 82 per cent higher than estimated. Monthly rates for specialty serves are set by the commission, based on submissions from the channels. Cable operators complain that the commission’s decision to move a number of specialty channels to basic cable from pay TV is largely respon- sible for subscribers complaints about the rising cost of the basic package. UtiliCorp sets income records ST. LOUIS — UtiljCorp United has announced it hieved records in lidated net income i up nine per cent from $673 million in the prior year. All 1989 results are income, primary earnings per com- mon share and operating revenues. “*In 1989, we continued to position ourselves for long-term growth while also posting improved financial results,” UtiliCorp chairman and president Richard C. Green, Jr. said in a news release. “It was a very significant year in many respects.’” In 1989, net income increased 18 Pi y and subject to audit, the company says. Average common shares outstan- ding increased to 20.9 million in 1989, from-19.4 million in 1988. Dividends on convertible preference stock issued in May 1989 also reduced earnings per common share for the year. Return the coupon or call us today. Great Pacific Management Co. Ltd. — 365-2324 Redemption fees are 3.5% — Ist yr., 3% — 2nd yr., 2% — 3rd and 4th yrs., 1% — 5th yr., 0% thereafter. Up to 10% of your investment may be withdrawn each year without incurring redemption fees. Cash distributions by the fund are not subject to redemption fee applied against the 10% free redemption amount. Any offer made only by prospectus. Looking both ways ‘To-manage your money. For the long term. O Please send me more information on Industrial Bond Fund and how it utilized in my RRSP to build income and capital gains. NAME ADDRESS city POSTAL PROVINCE CODE PHONE 2 (Residence) (Business) MAIL TO: GREAT PACIFIC TORONTO (CP) — The stock percent of its value. per cent to $48.3 million, compared to markets drifted Friday after heady On other Canadian markets: the $40.9 million a year earlier. All gains early in the week and concern Montreal Exchange's portfolio index figures are in American dollars. over whether the U.S. government was up 2.44 points Friday to close at Operating income was $86.9 was going to be able to finance its 1,909.96 for a net gain for the week of million, up 13 per cent from 1988 deficit 33.16, and the Vancouver Stock Ex- operating income of $77.2 million. The Toronto Stock Exchange com- change index rose 4.55 points Friday Primary earnings per comon share posite 300 index slipped 5.55 pointsto to close the week up 20.08 points at were $2.04 versus $1.98 in 1988, and close at 3,777.78 to bring its gain for oeprating revenues were $732 million, the week to 58.21 points. In New York, the Dow Jones average of 30 industrials edged up FRESH 3.83 to 2,648.20, for a net gain this - week of 45.50. : The U.S. Treasury successfully auc- FRYING tioned $30 billion US of new securities Scnay ; CHICKEN Baws AHOIN OL ANSWNIVINGING @ jor2seww0> 30N37 WHO 30Vd LNOws @ OuNRISAN ‘S3aLSAW wis @ ‘SUNOH BY 00:8 © mous Agsoo @ @ O4S3N Lan @ 3831 iaguvdoar © OO SM3N $89 @ 009 ulvadv ANawEND © jaseid pun perid © DNIONYT SLONY @ 3NM7 3HL ONISSOHD @ “WO $.AuuaHD NOG @ -O1 LNIWNIVLESING @ ssanisne AUHOIN @ © MOMS ABSOD @ 0C'9 JOUVHO Ni STTHVHD @ 3AN OND ABET @ 34. Ni aM SIL @ YO TWIMLSAGNI Oxd JONVANSNI ONV JLV1SI 1VIa WWILNILOd TWIOUIWW0D JIANIVLNNOW JOINS ALVISA "NNSA VIEWNTOD $691 é 81 “qe4 ‘Aopuns 04 yBnosy} ZI “Geg ‘Aopuow ONLSIT MIN es “The week started under a cloud as people wondered whether Japan rt yam would step up to the plate and buy the . 4 bonds,”’ said Miriam Varadi, a stock- iE, broker with Nesbitt Thomson ij JOS Deacon. : 2 = The auction went smoothly and bond prices even went up Friday but Ss eet b. the stock market was unmoved : 6 FRESH FRYING CHICKEN 52.18 “The market didn’t have a rip- te. Za shard (pesnisid) Aqso> 1118 :MOMS m019 OA MON © Ut “$auov OZL sojndod oy, mous Aqso) OuL S3LLXIS SNOWY @ $¥:01 17 TSIGIUON! 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NLIVIH 8 SNIGWMTd YVOTTLSYO & 1TI9S OL SNOIXNY AN3A SANMO 'W 3NO 20NH — ONL head down either,”’ Varadi said. = = The oil and gas sector, which is being touted as a growth industry of the 1990s, continued to lead the fe st $ / ELECTRONICS market, she said ‘ . VCRS ¢ TVS © STEREOS For the week, 13 of the index’s 14 7 t " ahaa? on Sale subgroups advanced : s a “ oe gas ng Be wh ty mer: STEAK PASTRAMI OVERLANDER. SLICED OR SHAVED . 100 099° FIXTURES : maTeueesHt $3 5 0 ip 4.8 per cent, follow y - chandising, up 3-6 per cent, pipelines, COIL GARLIC BULK $3.70'Ako »°1.68 ‘American Standard & Crane — Mode! U42PO! Reg $575, Reg. $499. NOW up 3.1 per cent, and transportation, TOILETS From $54.10 RIDG | $45 SANYO ahead 3.0 per cent BULK DINNER BUNS wnite or whole Wheat . : SHOWERS ;:- S115 © DISHWASHERS SALE Reg. $427... The only loser for the week was FAMILY BREAD metals and minerals, which lost 1.3 GLAZED DONUTS. seussees GROUND COFFEE stotner rortors. toy, /Pine/ts ALL APPLIANCE MAPLE LEAF BUTTER wo. 1 Quaiity .... veces et $2.59 Ze PARTS OLD DUTCH POTATO CHIPS 200. .. $1.29 : PEPSI oF 7 UP 0g, oie Sdihroom, bales IN STOCK NOW ‘ Lucite Sink Handle % 5-Year Warranty — CENTRAL FRESH PRODUCE — neg. 359.00 $ 95 OFF — eg : B “ORANGES SALE FROM . . 26 CALI NAVEL 38s. Approx. $9.98 . Box ...-.- sees . ee VANITIES & HEATING ae Bos. Furnaces, Herat: Di Filters. All Reduced by CES as SP1.00 ¢ LETTUCE . : : Heed he 1 Gr. tg 41.0076 49 Castlegar Plumbing & Heating Ltd. we the right fo mil quantities Supplies, Repairs: Gasfitting, Sheetmetal Prices fenced sa: stash a8 hand Contract Installations*DomesticeCommercial " 1008 Columbia Ave., Castlegar os. CENTRAL FOODS | & Frcs pares leo Shoei OO TUES... WED. ‘OPEN SUNDAYS Community Owned & Operared mn. p.m. 2717 Columbic. Cor’ "