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36,000 from 59,000, a move he accomplished over two B
BRITISH AIR Mires ertasy tie cco aukaae CHURCH DIRECTORY
“There's no doubt that the compensation for volun- se ina rs
tary redundancy and also early retirement secured the | Y ?
GOO D E XAM P L E changes without major disruptions,” said John Collier, a “ST_ PETER LUTHERAN PENTECOSTAL
—— Or. -~—sspokesman for the Transportation and General Workers | anne d NEW LIFE ASSEMBLY
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‘ FOR CANADA Perhaps the most revealing verdict on the sale by 602 - 7th $1. * Ph, 966-6212
British Airways employees came when 96 per cent of the | The Federal Business De. omen Frome
By RICK GIBBONS workers cashed in on special provisions giving them | velopment Bank has sche. Christion Education 9:45 a.m
Press preferred access to shares. duled two financial seminars Tt «ai Brent ‘ning Worship 11:00 a
LONDON — If the Canadian government secks “The government absolutely threw money at British | to be held in Nelson at the co 365-3664
for its partial privati of Air Canada from Airways in order to get rid of it,” said Learmount. chamber of commerce office Rev. Glen Backus
Britain's sale of British Airways it will find success By 1986, the airline declared a profit of 195 million | for all owner/managers of | .Worship Service 9a.m Youth Sundoy Mor wing Wo ship
depends on a clear flight plan, a careful check of financial —_ pounds (about $400 million Cdn), setting the stage for the | small and medium-sized bus- | SY¥%day Sc el 10:15a.m . 300
instruments and a firm grip on the stick, successful selloff in February, 1987. inesses and/or their key em sine STOMP. Nursery H chides char
Aviation analysts said the successful selloff of British INVESTORS SCRAMBLE ployees. Sible suds Wed’ i
Airways'14 months ago has given the airline considerable The sale was one of the most successful of Thatcher's “Understanding Your Fin. umvewes's ” is
new flexibility to survive in the unpredictable airline privatization programs. The public and financial | ancial Statementss” will be a maw er
market. But the sale wouldn't have taken off had the institutions scrambled for the 720 million shares, leaving | three-hour presentation on | —ceeseeeeeemeeemeee—
government not already returned the company to profit- the sale more than 10 times oversubscribed, May 3. At the end of this | ANGLICAN CHURCH
ability. More than one million investors eventually picked up | seminar those attending will 1401 Columbia Avenue — —
“The service started improving well before priv- shares, with investors finding their initial investment of | be able to understand most Sunday Services ¥ FLL COSPEL
atization took place,” said David Learmount, editor of 65 pence a share jumping to 1.09 overnight. financial statements pro- | 8:000.m. &10:00a.m FELLOWSHIP
Flight International. The government grossed 900 million pounds (almost | duced and more importantly | SUnday School 10 a.m (A.C.0.P.)

“The threat of privatization itself improved service,” $2 billion Cdn) from the sale and the airline has | be able to make sense out of Rev. Charles Baltour
365-2271 —e Below Castleaird Plaza

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he said in an interview. announced an interim profit of 267 million pounds ($600 | theirs. Participants will re-
It was a daunting challenge for Lord Young when he million Cdn) for the nine-month period ending Dee. 81. | ceive a financial statement Parish Purpose: a Pastor: Barry W

assumed the post of British Airways chairman in 1981 “Privatization involved quite a lot of restrueturing | workbook that will reinforce To know Christ and EVANGELICAL "Phone Sek oare
with a mandate from Prime Minister Margaret Thatcher beforehand and the success of-post-privatization depends | the seminar on a regular mioke Him known FREE CHURCH _ SUNDAY SERVICES —
to prepare the airline for sale. Unlike the Canadian a good deal on that pre-privatization restructuring,” said | basis. CALVARY BAPTISt__|~.., | Sunday School 9:30 a.m.
proposal to sell only 45 per cent of the Air Canada, Lord Christine Whitehead: of the London School of Economics. On May 4 a six-hour sem- 914 Columbia Ave. Morning Worship 10:30
Young was told to sell off the government's 100-per-cent “Thére has been a shakeout, there has been | inar on “Bookkeeping” will be «ich BAP ris, Sunday School 9:45a.m. | Evening Fellowship 6:30
stake in British Airways. increased efficiency and there has been more interest in | presented. Participants will | 5a i Family Worship Service Wednesday: Home

‘i set A rf ” ia 4 yi Pear ‘ Ye 11:00 a.m. i 1
In Young’s first year, British Airways ran up losses _ looking after the consumer,” she said. “But the long run is receive practical instruction, Meetings 7:00 p.m.
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of 108 million pounds (more than $200 million Cdn). more uncertain. The airline industry has always been | as well as personal attention Rihbue

Among ‘her tsaserge, Young cut the workforce to rather volatile.” : and astistance oneach s step ot 2 TWoeedny, 7:00 91m. Ministries 7:00 p.m.
rE, o> F tA Youth Ministries HOME OF CASTLEGAR
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cises on the journal, general PASTOR:
ledger and the trial balance 809 Merry ‘Creek Rood Ed Neufeld eo TOR =|
* 9 will be included. Past Fireside Motel Phone: 365-6675 UNITED CHURCH
W MUCHA NOME INSUFANCE ? “essen ve am | “Fnday Sel” |g cree at ves

e Repeng cam 10:00 a.pa T OF CANADA
ple,” says Lynn Seritt, who Morning Worship HE CASTLEGAR AREA!” | ___ ae

will be leading the workshop. Miob aie 2224-6th Ave.

By TONY VAN ALPHEN combinations in coverage, says Dave Jackson, manager of “We \ can help participants Evening Service 1% Blocks South of

Canadian Press insurance services for the Insurance Bureau of Canada. take \the mystery out of MEMORIAL CHURCH Community Complex

A house is the biggest purchase most people ever make, Some policies offer bare bones coverage against fire, Setting up and keeping a . Ist Sunday, 7:00 p.m. 10 a.m. — Worship
yet many don't pay enough attention to protecting that huge — wind storms and tornadoes, insure the contents to a certain bookkeeping system for their Kinderg 5 2nd, 3rd and 4th and Sunday School
aia socte ‘ ‘ level and provide liability protection. esac bhisitiea Sundays, 10a.m Mid-Week Activities

ure, they fix the roof, fill the cracks and paint the trim. Jackson says most people have standard policies which egistration is limited, so us for all ages. Phone
But do they have enough insurance to cover the loss of their extend the Guarage giant protection against such interested parties should Church 365-3430 No service Sin Sunday for information
home and its contents? things as theft and vandalism. contact Sharon Coventry at or 365-7368 Rev. Ted Bristow

“Many people pay too little attention to homeowners’ At the other end of the scale, more expensive policies the FBDB. office in Gran. |_Rober!C Lively. Pastor | Sa aer pare PRESBYTERIAN | 365-8337 or 365-7814
insurance until they run into a loss,” says Sharon Lillico, a provide blanket coverage on everything — even a Persian brook for full-details. CHURCH OF GOD "SS
Toronto-based insurance broker. rug that a dog chews up. Tid Colonbie koe 2605 Columbia Ave. SEVENTH-DAY

A lot of people just skim over the policy details, pay the Lillico and other brokers generally r d that Church School Rev. J. Ferrier ADVENTIST CHURCH
Premium and shove the document in the desk drawer for homeowners get “all risk” coverage which spells out what 9:45 a.m Phone 365-3182

; ge at Great Place To... 1471 Columbia Ave., Trail
another year. But experts say homeowners should be your house isn't protected against. Morning Worship Morning Worship 364-0117
looking a lot closer to make sure they have proper coverage In that way there are no surprises. +++ BUY liam 11:00 a.m. Regular Saturday Services
if a fire destroys the second storey or a hail storm smashes “In the industry, it's called a broad form,” says Lillico, ++ SELL Pastor Ira Johnson Sunday School Pastor Cliff Drieberg
all the patio windows. who works for Leue, McCabe, Stevenson Ltd. “It gives you +.» TRADE Phone 365-6762 11:00 a.m -2649
So how much insurance is enough? coverage for whatever happens.” Call Classifieds
COST TO REBUILD You can also buy further coverage against incidents like 365-2212

Brokers and lawyers say you should get enough to sewer backups or an earthquake.
rebuild your house at current prices. Insurance people call it -
coverage on “a replacement cost basis.”

“While an additional premium is charged for full
replacement cost coverage, only in this way can a
homeowner replace his building with one of a similar type e e 2

The Insurance Bureau of Canada provides brokers and
agents with a formula that allows them to accurately

caleulate the replacement cost.
In obtaining a figure on I cost, you should

remember that the land does not need to be insured. Even if

your house burns to the ground, the land is still available for

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“If the lender has had property appraised, information

should be available as to the value of the building,” Silver- J e@
stein writes in his book Hidden Profits in Your Mortgage.
“Obtain this information from the lender before making
arrangements with an insurange agent. It will help to

determine the necessary amount of coverage.”
TOO MUCH?

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There is a whole range of homeowner Policies and
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Just hadi ith But if you're not ready for the challenges it brings,
til May 31st, 1988 make sure you plan responsibly.

' Y : Our future needs responsible decisions.
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