a4 January 8, 1989 Castlegar N MIABER OF THE.B.C. PRESS COUNCIL v CAMEL PUBLISHER EDITOR Burt Campbell Simon Birch PLANT FOREMAN ADVERTISING MANAGER OFFICE MANAGER CIRCULATION MANAGER Peter Harvey Gory Fleming Lindo Kositsiry Heather Hadley Fund-raiser shows innovation One of the more innovative fund-raising schemes this area has seen in quite some time is the Castlegar’ and District Project Society's Buy-an-Inscribed Brick program for the new Aquatic Centre For a donation of $35, anyone can have his or her name, or the name of someone else, inscribed on a brick which will then be placed at random on a wall in the Aquatic Centre Although undertaken just prior to Christmas, response to the program is said to have been quite good and can, of course, only grow in popularity as promotion of the program increases in the months ahead. People who are famitiar with simitar programs in other cities are enthusiastic. They talk of children and grandparents pointing out bricks with theirnamesonthem, bricks that will- likely last-e-titetime or longer Many will recall the restored train roundhouse at Expo 86 where literally thousands of bricks were laid in°a courtyard. If you gove up on locating yoursyou went to a-speciat booth where the computer told you where your brick was! _bocal residents of all ages would do well to recall the Aquatic Centré Brick Program for such. things as birthdays, anniversaries etc. After all, posterity has never come with a more reasonable price tag Optimism seems realistic The optimism expressed by local civic, community and business leaders in a special year-end interview feature last Sunday appeors well founded Certainly the optimism seems-realistic although some were correctly careful to couch their predictions with realistic qualifiers such as Castlegar and District Development Board economic development officer Richard Maddocks’ reference to interest rates. Mr. Maddocks, Mayor Audrey Moore, Selkirk College board chairman Elizabeth Fleet, School District No. 9 board chairman Gor don Turner, chamber president Ernie Turta, Regional District of Cen tral Kootenay chairman George Cady and Kootenay West-Revelstoke MP Lyle Kristiansen alt expressed considered views. And it is likely that several others the Castlegar News made unsuccessful attempts to reach would have been equally cautiously optimistic With careful planning -prudent action> and enthusiastic cooperation, this new year of 1989 can be a very good one for the Castlegar area Letters to the editor Rescuer appreciated There are several very—caring young men from Castlegar or district who should be receiving personal notes of thanks, but because we do not know their names we are availing ourselves of the good offices of the Castlegar News to convey our message of appreciation to them for their prompt and thoughtful atten titre at the time of our unfortunate accident on the Genelle bluffs early Friday afternoon, Dec 30. Our extreme distress was allevip ted immeasurably by their consid erate and efficient actions: getting us out of our demolished ear and back up to the highway; immediately notifying police and ambulance; and in general, just being there in our time of need. Every one of you boys behaved in —a—most—professional manner-——we—thought—you—were members of an organized team. You know who you are. Please accept our grateful thanks. rescue To Marilyn Mathieson and her son who arrived immediately on the scene | and who did everything possible to encourage us with physi cal and support” and whc stayed with us until the ambulance arrived, our heartfelt appreciation moral To the ambulance attendants — we are especially grateful for your expert care and for making the trip to the Trail Hospital. Qur feelings for all of you can never be expressed in mere words Absolute strangers can be wonder ful friends Jean and John Fischer Trail Mess an inconvenience This letter is directed to the person or persons who ransacked the Thrift Shop donations left in the hall by the radio ‘station You must have needed something very badly to have rummaged through the boxes and bags, and scattered things all over the hall, inconveniencing the people at CKQR, and making a lot of extra work for the Thrift Shop volunteer who had to clean everything up. The Thrift Shop is very grateful to everyone who makes donations to the shop, but there is a very good reason why there are notices asking that donations not be left at the doors when the shop is closed EY ln you don’t expect your donations to be gone through and the best-articles stolen before they can be takenin 7 Please bring them during business hours. . F. Hunter, Chairman Thrift Shop Committee Castlegar THE IFFERENCE BerweeEn ANPER. ZALM ane HAeCouvrtd— Reagan leaves free-trade legacy Editor's note: Prime Minister Brian Mulroney and U.S. President Ronald Reagan liked to sing Irish ditties when they got together. Reagan's free. market philosophy may also have rubbed off on Mulroney. By NORMA GREENAWAY WASHINGTON (CP) Nine years ago, U.S. presidential candidate Ronald Reagan's musings about a North American accord were greeted with yawns at home and complaints from’Canada and Mexico that it was a thinly disguised energy grab Few would have guessed then that F 71, would be retiring from the presiden with the first plank of a North American accord in place a free-trade agreement with Canada and the wheels in motion to add Mexico tg the equation “I call it continentalism by stealth,” Doug Seay, an international affairs expert, says with a chuckle. Once elected in 1980, Reagan was warned by advisers to put a lid on the controversial idea. He could afford to wait for Canada and Mexico to come to the United States, advisers said, because his vague campaign proposal hadn't fired up much interest at home Caught up with-his own pet projects of cutting taxes and building up U.S. military might, Reagan proved a patient man BOTH KNOCK Canada, in the form of the freindly Quebecer Brian Mulroney, came calling in 1985. And Mexico's new president, faced with a mountain of foreign debt, has signalled a readiness to take at least a partial “leap of faith” toward freer trade with the United States “It's the Irish luck of Reagan or something,” said Washington trade expert Gary Hufbauer, a senior U.S. Treasury Department official in the Carter administration. “It's come full circle.” President-elect George.Bush and Mexico's new president, Carlos Salinas de Gortari, have already met to discuss the prospect of freeing the flow of autos, agricultural goods and tourists across the Rio Grande Their meeting in Houston came less than 18 hours after Mulroney's Conservatives were re-elect ed on Nov. 21 with their second consecutive majority, thus signalling Canadian approval of the free-trade deal Hufbauer called the Canada-U.S. pact “the lone shining star” in Reagan's otherwise “lamentable record on trade policy.” . SEE NEW COURSE Canadian free-trade opponents shudder at the thought. To them, the pact is more than a strict commercial arrangement and. Reagan's legacy as it affects Canada has set the country on a new course in its historical development They argue Mulroney got bitten—by the free-market bug promoted by Reagan, a charming, disarming right-wing conservative Mulroney has followed.Reagan’s anti-big-gov ernment lead, pursuing tax reform and deregulation of the transportation and energy sectors. ‘The nationalistic national energy program was dismantled; and the Foreign Investment Review Agency, renamed Investment Canada, was revamp ed to éase restrictions on foreign investment. Those Trudeau-era progranjs were viewed in U.S. business and political circles ‘as anti-American Mulroney faithfully followed his script of giving the Reagan administration “the benefit of the doubt” on matters of shared interest instead of going the more confrontational route chosen by previous prime ministers. RILED JOHNSON By stee ; elear of criticizing U.S. foreign policy while 1 American soil, for example, Mulroney has avoided a repeat of one of the most celebrated dust-ups between a prime minister and a president Lester Pearson's use of a speech in Philadelphia to denounce Lyndon Johnson's decision to bomb North Vietnam sent the hot-tempered Texan into a rage. “You pissed on my rug,” the burly Johnson thundered at the much smaller Pearson when the Nobel Peace Prize winner showed up the next day at the presidential retreat at Camp David, Md. Mulroney and Reagan swapped annual official visits, wined and dined each other and their wives at glittering affairs, and generally were each other's cheerleaders on the North American continent. RESULTS MIXED Mulroney's “benefit of the doubtism” produced psults on Canada-U.S. issues. gan eventually cleared the way for a compromise on the sticky issue of Canadian claims of RONALD REAGAN proved patient sovereignty over Arctic waters that the United States considers international waterways. Acid rain was a different story. Mulroney went to the bargaining table admitting that Canada’s hands weren't. clean either, retreating four years * later with little to show for the approach On free trade, Reagan did little to help Mulroney weather the political storm it caused in Canada. Mulroney would have got 100 per cent of the blame if the deal had collapsed and he deserves at least 80 per cent of the credit for getting it through, said Hufbauer. “IT think Reagan nursed the idea, but I don't think he ever spent a lot of political chips on it.” MAKE IT WORK It falls to Bush and Mulroney to oversee initial implementation of the pact to end all tariffs and most non-tariff barriers'to the $200 billion Cdn a year in two-way commerce. ~ “The champagne corks are popped and now we're down to implementing it, which is less romantic,” said Hufbauer. “I think the relationship will get slightly less harmonious.” Meanwhile, Bush has promised to Reagan's legacy of inaction on acid rain. While heartened by the promise, Canadian Ambassador Allan Gotlieb sees tough sledding on the issue, primarily because there is still no consensus in Congress on when ahd how to proceed. “Tatil see Congress as the gridlock,” said Gotlieb, who leaves his post in January after seven rectify years. NEW FRIEND? Whether Bush hits it off as well with Mulroney as Reagan did remains to be seen. It's hard to imagine Bush, a Yale-educated former UN ambassador, letting fly’ in volcanic Johnson style. But then, it was Bush who bragged that he had “kicked a little ass” after a televised debate in 1984 with Geraldine Ferraro, then the Democratic vice-presidential nominee Mulroney might want to start brushing up on a few-tunes by the Oak Ridge Boys, the country-and western group Bush likes to tap his toes to. The days of celebrating his shared roots with Reagan by singing Irish ditties are over. _ Remember when 40 YEARS AGO From the Jan. 13, 1949 Castlegar News Mr. West, the Municipal represen tative on the Castlegar Airport Committee, submitted a report to the Commissioners anda grant of $200 will be paid towards the maintenance. of the airport for this year. see eal The Catholic Women's League met at the home of Mrs. R. Whittaker on Thursday evening last Father Barnes opened the meeting -with the League prayer. The Presi dent, Mrs. D. Shea, was in the chair, with 13 members present. Routine business was attended to and a com mittee was appointed for the~ St. Patrick's entertainment The airport, which was out of operationfor-a_few days, has been put back into service again. Men-here from out of town, in connection wilt onditioning of the field, were Mr. Field of Vancouver,Superintendent of Operations, Mr. Andrew, Van: couver District Superintendent, Mr. Craig, Chief Dispatcher, Mr. S. Baily, of Calgary, supervised the recondi tioning of the airfield 25 YEARS AGO From the Jan. 9, 1964 stlegar News from the engineering at CBC's head office, Albert Lee, was to be in the Castle. gar area yesterday to make studies for-the-planned- CBC-TV_ rebroad caster here Rene Archambault was re-appoint ed fire chief by Kinnaird council Monday night with Ray Heagy as his deputy Council atong—with—other made the appointment yearly appoint ments. A motion to request a meeting with Celgar on air pollution matters was tabled “for two months by Castlegar meeting Monday night in order that the joint held closer to the council at its meeting will be regular six-month meeting date The drive-in may Castlegar in the spring Frank Shepherd of Vancouver, who owns the property, wrote coun cil that he has a party interested in purchasing the property and oper ating it as a drive-in. He asked if council was interested in purchasing re-open. in it for park development * *« « A’ perfect hand in crib was ob- taingd on New Year's Day by Kin- naird resi t Herb Woods when he was playing with Don McIntosh 15 YEARS AGO From the Jan. 17, 1974 Castlegar News An official approach for documents of the twin towns of Castlegar and Kinnaird to be placed in the Selkirk Regional Archives was made last Thursday night by Craig Andrews to the new city's interim council Rossland-Trail MLA Chris D'Arcy pledged he will work for B.C. Hydro and provincial and federal govern ment support of a bulk water system for communities downstream of the Keenleyside Dam when he spoke at the annual installation banquet of the Castlegar and District-Chamber of Commerce last Friday evening. . #6 The provincial task force studying community colleges hopes to have a working paper written and prepared for public examination and debate about the middle of March, chairman of Selkirk College Council Frank Beinder said Friday A census to determine the popu lation of the new city which came into being Jan. 1 with the amalgamation, —— OPCasilegar and Kinnaird will be undertaken. 5 YEARS AGO From the Jan. 8, 1984 Castlegar News The announcement of the May 1 closure Of David Thompson Uni- versity Centre in Nelson is but one of the government's series of down. sizing reductions of post: secondary Services for the coming year, says the centre's director. Richard Pearce said in an inter. view Friday he-is led to believe the announcement of the closure made Wednesday afternoon, reflects “cur rent provincial government posture on its continuing reduction of univer. sity, college and public school ser. vices in the province.” eet Most of the students attending David Thompson University Centre, who will be affected by the May 1 closure, are from the West Kootenay area . . Registrar John Aslin notes that 90 per cent of the students are per manent West Kootenay ‘residents with the exception of the writing program, where students come from all across Western Canada to enroll in the unique program - repositioning and it's starting to pay SS } = : Jonvary 8; 1989 Castlegar News as FINANCIAL ORGANIZATION Records important By KAREN LEWIS t Canadian Press When Betty Jane Wylie’s husband died, a fluke saved her from a scavenger hunt for the will. A few weeks earlier, Wylie, then 42, had been intrigued by, a brief item in a women's magazine. ” “It said: ‘In the\event of your husband's death would you know where these things are?” Wylie, a writer and playwright, recalled 15 years later in a recent telephone interview from MacTier, Ont. “I handed it to my husband and he sort of ticked things off and scribbled’a few things down. “I would never have known where the will was without his ditections,” Wylie says she started warning women about the importance of understanding money matters because she had been “such a perfect example of a klutz.” And so are many Canadians when it comes to keeping records, financial experts say. TOSS PAPERS If, like most people, you toss your bills, receipts and bank statements into re ra drawers, shoeboxes and cupboards, you may be causing eventual problems for yourself or, worse, for your spouse or family “Part of the business of living is making sure life can function smoothly for your family if ¢ither one of you should die,” writes Wylie in Where is Everything?, a pamphlet prepared for the Toronto-based Canadian Life and Health Insurance Association. Sloppy records could also hurt your case if Revenue Canada decides to reassess an income-tax return, which it-ean do up to three years after the original assessment date. Likewise, you gan ask for a reassessment within the same period if you realize you paid too much: in taxes On the brighter side, becoming a careful record-keeper can save you money, financial planners say. PAYLESS You're likely-to budget better, pay less to financial ‘experts like-lawyers, accountants and planners, and forget less. For example, one of your bank accounts would be less likely to be among the thousands of inactive accounts totalling millions of dollars that are listed in the Canada Gazette each year. Canadians “like to squirrel things in shoeboxes which they then dump out at income-tax time,” writes Wylie and Lynne MacFarlane, a Winnipeg financial adviser, in Everywoman's Money Book. “Some even lug the shoeboxes down to the accountant and pay . accounting fees of up to $100 an hour just to sort out the mess. Start by trading the shoebox for a cardboard’ file, Wylie recommends.(These simple A-Z or monthly files are available at stationery stores. Wylie and MacFarlane suggest keeping current papers together, such as credit card and cash receipts, salary statements, ‘bank statements, as well as a budget, if you have one. Keep receipts for incomé tax purposes together, such as charitable or political donations and moving expenses, A-permanent section would-include-steh items as income tax returns, lists of bank accounts, -RRSP accounts, safety déposit boxes (including where to find the Key); copies of insurance policies with names of beneficiaries, certificates of birth, marriage, divorce and adoption, a copy of your will (the original should be with your lawyer or executor), deeds, outstanding loans and mortgages, or a mortgage discharge document if the house is paid up. Important dates such as the renewal of your mortgage or maturatiqn dates for investments like bonds should be noted. And don’t forget to keep records of loans you make to family members or others Wylie and MacFarlane recommend you slip in a list of names, addresses and telephone numbers of professionals you deal with, such as your doctor, dentist, accountant, lawyer, investment dealer and insurance agent MANAG FIRM Victoria Ryce, author of a personal investment guide ealled Market W: is a serious record-keeper. “Mine go way back,” says Ryce, who manages a Toronto investment firm. “They're dusty. But I find they’re useful for all’sorts of things.” The year's receipts can help with budgeting for the next year. Or, if something breaks, the credit card receipt is easy to find, she says Cancelled cheques and credit card receipts should be checked against statements for-mistakes;ther- kept year Most investors leave their stock, bond and mutual fund certificates with their broker. But Ryce recommends also keeping-a record of transactions in a file at home. . “Although it starts out small, it fills up quickly.” Tom Delaney, ‘a Toronto-based financial adviser, says record-keeping needs to improve as an individual gets older and assumes more responsibilities a family, a house, perhaps a summer home and investments of different. types. But important to get good record-keeping habits at the very outset, and (get) good filing procedures in place early,” says Delaney. “Most people don’t.” Woodward's aims for gain CALGARY (CP) — With Christ mas out of the way for another year and 1989 begirfning, financially trou. bled Woodward's Ltd. is aiming to fashion a long-awaited turnaround in its performance. Although the department-store chain lost big during the first three quarters of 1988.— posting a $22.9 million, after-tax loss for the period company officials are banking on a strong fourth quarter to get the 96-year-old firm’ back on track. “I would hope that at our year end, at the end of January, we'll come close to a break-even situation for our company — and that’s a move in the right direction,” company pres- ident Frank Robertson said in a telephone interview from Vancouver. that We're into our fourth year of specialty It's a familiar refrain at Wood- ward's, which has 26 stores in British Columbia and Alberta. About a year ago, company chairman C.N. (Chun. ky) Woodward boasted that a return to good times was close at hand Retail industry analysts say the hoped-for turnaround hasn't _occur- red because of two factors: One is the weak fashion market, an area Wood. ward's began dedicating more floor space to. four years ago. “To some extent, they are victims of bad timing,” said analyst Peter Hume of Vancouver-based Ian Tho. mas Consultants. ward's is focused fashion, they've been hit by a soft fashion market.” A second reason for the red ink is shops continue to attract shoppers away from large department~ stores, he said. ‘The off. result is that sincé 1985, profits have eluded the Woodward's chain. The company lost $7.7 million in 1986 and $1.1 million in 1987 Woodward's repositioning in volved a number of corporate shake ups, beginning with the decision in 1984 to remodel the stores and shift their emphasis more heavily into fashion — particularly upscale ap parel — and away from hard goods such as tools and appliances Then came an unsuccessful take- over attempt by’ Cadillac Fairview Corp. that led to Woodward's selling its real-estate holdings to Cambridge Shopping Centres Ltd. of Toronto for about $215 million That was followed in 1987 by the sale of 23 Woodward Food Floors to Calgary-based Canada Safeway and the closing of three other grocery stores in its stable. Woodward's also embarked on an expansion drive with its Wortwyuit subsidiary. “Because Wood very much on REMINDER... For Your Shopping Convenience HOMEGOODS FURNITURE WAREHOUSE will be OPEN TODAY Sunday (Jan. 8) Noon to 5 p.m. GIANT INVENTORY WIPEOUT HOME Furniture Warehouse Phone Collect 693-2227 iG ———— China Creek & Floor Covering Centre - Regular Hours: fe] Phone 693-2227 — ° Weekly stocks VANCOUVER (CP) — Prices were up in moderately active trading Fri day on the Vancouver Stock Ex change. Volume at close was 16,825,995 shares. Of the issues traded, 251 advanced, 267 declined and 485 were unchanged for a VSE index of 805.19, up 8.04 from Thursday's close. The Toronto and New York stock CASTLEGAR SAVINGS CREDIT UNION epentegely mancial & insurance Needs 60) 0th St, 365-7232 “An Excellent Way to Build Your Future" Gs RSP. SLOCAN PARK Hwy. 6 © 226-7212 markets climbed broadly Friday, stretching the rally that brightened the first. week of 1989 trading. The Toronto Stock Exchange's 300 composite index gained 10,18 points to close at 3,419.18, bringing the week's gains to 29.19 points. The index gained steadily for ‘the last three days of the week, rebounding quickly from Tuesday's loss of 36.6 points. In New York, the Dow Jones average of 30 industrials rose 3.75 points to 2,194.29. The Dow finished the week with a net gain of 25.72 points, reaching its highest levels since the crash of October 1987 Stocks are partly benefiting as large-scale institutional investors start putting their large cash” re serves to work, said independent an. alyst Leon Tuey of Toronto. These gains are broad-based, but until recently only blue chips were advancing, h¢ added. “Now everything is moving. In Toronto,, advancers led de. PRICES EFFECTIVE CENTRAL FOODS SPECIALS PEPPERONI MAC & CHEESE DINNERS SPLENDOR TOILET TISSUE CASHMERE We reserve the right to limit quantities Prices limited to stock on hand Ea) CENTRAL FOODS ‘OPEN SUNDAYS Community Owned & Operated 2717 Columbioe, Costiegor cliners Friday 385 to 274 with 376 issues unchanged on a volume of 27,194,678. shares— traded worth $391,590,502. Ten of the index’s industry groups gained, led by oil and gas, up 2.49 per cent, and paper and forest products, up 1.20 per cent. The biggest loser was pipelines, off 3.99 per cent Nine groups gained-on-the-week, led by oil and gas, up 4.64 points. Tracy Burgess belore Tracy Burgess after Yes, by 9. a.m: Sundays; you should be enjoying your Sunday Castlegar It you're not, we want to correct the matter it you fail consistently to get your Sunday Castlegar News by 9 o.m. then phone us Monday and complain. Call 365-7266 and ask for circulation. = SN Castlegar News 197 Columbia Ave. 365-7266 WEIGHT WATCHERS" | INTRODUCING NEW 1989 QUICK SUCCESS PROGRAM. SAVE $14.50 Pay only $7.50 to join Should be well! | Weight Watchers wants you to be happy. That's why we made this Year's New Quick Success” Program even better than last year's. With our proven efiective program, there's an even easier way to lose weight fast. So come into one of our convenient locations today FREE REGISTRATION Join by January 28 at these convenient times and locat Nordic Hall Call Toll Free: 1-800-663-3354 THE NEW QUICK SUCCESS’ PROGRAM | 4 Nelson Phone\ will be changin our new | is.our wide youve ( Effective . BC Tel), KEEP UPWITH CHANGING TIMES Times are changing, and so are we. January 3rd, your lart.at 579 Stanley and ‘Trail PhoneMart at 840 Spokane @ their business hour Previously open from 9:00 a.m. to 4:30 p.m.. lours Will now be from 9:00 a.m. te 5:00 p.m. What remains the same_however, selection of quality ~phones-and accessories, backed by the kind of friendly and efficient service ‘ome to expect And that’s something we'll never change ‘We make ita way of life