2... CASTLEGAR NEWS: January 90, 1983 SPRING is COMING | NURSERY, ‘DESIGN SERVICES & ESTIMATES P.O, dox 34, Winlaw, B.C,” 226-7220 J ed’ their’4.5: per’ cont bitrated increasé on their pay. check this’ week. But’ they ; ‘not. might have;to pay some of it ck if Compensation rsuant to. Article V, Section 26, of ih of ae ibe Bylaw. 72; the following and Board : decid the award is too ‘high. ‘That was the arrangement agreed upon by the Castlegar school board and the Castle- : gar. and . District’ Teachers’ Association despite : conflict- ing: legal opinions from: law- yers representing the board, (Iman * interview ‘Thursda r “1 se eretary-treasurer, John SELECT SERVI By Appointment Only 365-2155. *. Trail Residents my extend as far. back’'as Hike consider . ward: their. nominee's: name and resume to: ampbell ot th af - Nominotions should be ‘made cin . weiting, with all possible detail. Your “nominating a person ds Good Citizen of the Year ‘need not be confined to the current year.’ . they You are people who hove ‘been ‘fominated’ in previous” years, but who were not chosen at that time. : ° z and. individuals should: for:. 0213... MALONEY:PONTIRG BUICK GMC LTD. 1700 Columbia‘Ave. Castlegor «- , To allow as many people-as pos $6, 50 installation fee and the first mon A ‘20.00 SAVING" CONTACT CABLE WEST TO PAY AND ARRANGE. FOR YOUR FIRST CHOICE PAY T.V. HOOKUP. CASTLEGAR 365-3 1 22 1146 Cedar A Ave.; Trail TRAIL 368-5501 Cable West will install, cere fora: brome service charge of ‘16. 95 . ‘PLEASE NOTE: “in are laxpeiensing” ‘the ‘worst z epidemic of ‘pertusis'in “80 young ‘comple- ‘ment. of irimuntzatiods: Any subscribers previously signed up. at $26.50 installation will have a $20 credit which can be applied to your account or refunded directly to. you. 1 ner met SPECIAL. 4 abasn 2 Eneip ris ais a eau eee SPECIAL 5600. IN. SPITE: OF GAIN. : CASTLEGAR NEWS, January 30, 1983 Cominco i is in the red “ vanoouvEn CP). —In : spite’ of an‘$18.1-million .ex- i 7Paoedinary gain, lower pric- es and higher costs combined to push Comittco Ltd. inté the Syed in 1982, the cempany, sald i Briddy. “LORAIN, OHIO. (AP) — The, neighbors were puzzled, rent, . out ~ He plowed into a ditch to avoid the intersection: RCMP.’ stolen. arrived shortly after:the mishap:at about 10:30 p.m i‘ Wednesday. oe CosNewi Photo by Ron Norman WINNIPEG (CP) '— Gan ada’s banks, losing money as ‘their. Many fixed-rat mortgages from. banks now: allow: re- i to lower interest mortgages’ at ‘new,’ lower . | interest rates,” likely’ will start locking cus rates, provided the customer pay adminis trative fees and into fixed-rate mortgauies within > the next few: months,- says the president of. the Mort-° ‘gage “Loans. Association of Manitoba... ° Torry’ Sturk * “said in an ‘interview that: despite the hefty penalties banks charge customers to refinance their . mortgages at. the lower rates, lenders still are losing money on ‘the ‘transactions, ° Sturk . said ‘most ‘major financial institutions are ser- iously. considering fixed-rate, . unalterable ‘mortgages ' be-: cause refinancing is “a lot of wasted time and effort." Explained’ simply, ‘banks and trust companies, which ‘traditionally’, have. offered only closed: mortgages,. bor- row, mortgage ‘money from people who invest: in: long- term deposits. .,’. -- GUARANTEED ‘PROFIT ‘The-investors are guaran- teed: profit. by chargirg the banks a certain interest rate ‘on the money. For the banks to:make a profit, they must then charge ‘the mortgagee a higher interest rate’ than they are paying to the:inves- tor. Sturk said when ‘a floor. and two old obi sitting out in the.open in a pile of. rubble.. The’ Tillacks th ad: holders, try to, yFeduce the im terest they pay the lender, it is the: lender. who loses. “There's: no' way you can stand that,” Sturk said.““You can’t sell eggs ‘for. 60 cents when they cost you 80 cents. You wouldn't stay in. business very Tong.” * In.order to protect them- selves, banks that borrowed mortgage money at a higher interest rate will “close the mortgage up for the rest of the term. Somebody -has to pick up that 20-cent .differ-- ence.” % All new, renewed or re- negotiated mortgages at the “Canadian Imperial Bank of -Commerce have. - been “closed” since Jan, 1: . The Bank of. Montreal in- sroucho Marx ti ider.- abad influence SANTA MONICA, CALIF. (AP).:—~- Groucho - Marx’ daughter: testified: Friday that the late comedian’s com- paion,-Erin Fleming, threat-° ened Marx.and virtually took over his life, « ‘once, telling. her: “I am his daughter now. .. I. ‘Pine Point shows _loss VANCOUVER (CP) — The ‘unaudited loss by Pine Point ; Mines Ltd. for 1982 was $9 million or- $1.99 per share from sales of $87.9° million, company president _R:P: :: Douglas said Friday... Douglas, who is also’ the am. the only daughter he has.” “Sometimes bursting into (tears; “Melinda “Marx Miller ‘described an ‘emotional con- frontation with Fleming at the Marx’ Beverly, “Hills home She said she was nine months’ pregnant:at the time and feared Fleming would physically harm her. . .The daughter said she was summoned ,to the home by a who i conspiring; with the late com- édian's son, Arthur, to de: prive ‘her of .rights under Marx's will to certain royal- ties from his television shows and other properties. She contends the suit is a way around a provision in the co- median's will to. disinherit anyone -who challenges his, will and loses. . In. her testimony, Millar said she was‘ nine months she had. been beaten by’ ti Fleming. She, the housekeep- er, Marx and Fleming ‘met to discuss the «situation, the daughter testified. © “Brin screamed-at her (the housekeeper) and said, Th hit-you again, you 2°... Just shut up,’ " Miller testified in the trial, of a lawsuit ‘filed against Fleming by the Bank when the confron- tation at her father's home took place. “My father got up and. he was standing there just shak- ing,” Miller testified. “Erin - came up to me and started’ screaming. and waving her | ‘fists. at me. She was very threatening to me physically. “She said to me: ‘I-am his - daughter now. You are not his Just 's_. chief _ officer, said in'a prepared re- lease that the loss ‘compares with net earnings of $22.4 { million or $4.97 per share on sales of $126.1 million in 1981. The loss for the fourth : ion; compared. with ‘net earnings of $5.9 million on sales’ of $83 million for the same period last: year. The release: said; the’ loss of America, of the Marx éstate. Bank of. America’s” suit * contends Flemitig used influ- ence over the Comedian _when she received $400,000 in cash plus additional gifts from him, including | two homes and cars. The bank wants to recover everything -Fleming. obtained in the sev- en years she lived with Marx. ANK The Ontarlo-born Fleming ‘reflects the’ ly-di * sed state of base’ metal mar- : kets in 1982: “Realized prices for les - and zine concentrates were at depressed levels,. while oper- ating costs continued to es- alate," it sald. “Programs implemented by the ‘corpor- ation to control and restrain ‘costs and capital -expendi- : tures helped to reduce the ; loss” and preserve: cash re- sources.” Continuing low prices for ‘lead’ and: zine concentrates, * coupled. with increasing ‘ costs, resulted in the cor- * poration temporarily shut- ting down its mining and milling operations on Jan. 2. The company ‘said the : shutdown ‘will be reviewed on a monthly basis and oper- ‘ations ‘will resume’ when _ economic conditions permit. has d for’ $1.1 billion, caine the. bank is stay away from here. I am the only daughter he has,’ ” Miller testified that she ‘looked over at her father and, “I could see his knees buck- ling. I thought he was going to faint and I think this was not worth it to have this confrontation, so I left.” ~ Asked if she. thought her father ever seriously consid- ered adopting Fleming, she said he discussed it only as a joke. “It was so absurd it was funny. to him,” she said.: ’ Castlegar Savings. =: “CREDIT UNION Cos! gor 365- 7232 tl and ° five-year’ ‘mort- ° “terest thé bank’ would lose “year ago for parts of its two, ‘Thureday. fee gage: house can be taken -away,” Canads's other three major Mrs, .Tillack said. “It’s -un- chartered “banks: —: Royal ‘believable. Ironically, ‘I’ can ° Bank of Canada, Toronto-: laugh about it. I guess.God Dominion Bank ‘and’ Bank. of. blessed mo. with a sense of Nova Scotia — have not yet humor.” ' adopted such’a policy, but in- . No- one had rented the dustry spokesmen ‘said in house for’ some time, she interviews all of the “coun- said. Its last tenant, she sald, i try's major banks.will switch was “a squatter.” to closed mortgages shortly. ‘COSTLY FEES. lived ‘there’ until ‘we found \ Most 'of the country’s'large him one day,” she said. “He chartered banks charge was down and out as far as a a $150: administration fee to job was concerned. My hus- renegotiate or amend any band felt sorry for him and ‘existing ‘mortgage | ‘agrée- let him stay there. But then ‘ment, The exceptions are the he just took off.” Bank of Nova Scotia, which Neighbors said the hoise charges $100, and Toronto- was dismantled over a ‘period ‘Dominion, which | charges of time. only $55. : ‘WHITTLED AWAY. Pico a who want ton “Teter saw ‘ariything like ' lower tligir mortgagé rates at: jt’ said Irma Cobb. “People just.came there and were : months’ ihiterest’ at the old taking parts of it until, there rate. on the outstanding: bal- was no house’. anymore.” ance or the difference in.in- “In summer, it was all in- maini tact” said Jennifer Wooten, ect te ng life of the who lives next door tothe + Don Pratt, Manitoba man- property. “But then ii ager of. mortgages for the seemed like every day, some- Bank of Montreal, said the thing else was missing._It issue of mortgages and inter- was a cute little house.” est rates is a sensitive one. “Our customers want us to to contact the Tillacks, who give ‘a’ lot away ‘today and live in the Lorain area, and we're willing to bend to a co-owner Walter Attia of certain point,” he said. “But “Amherst, just south of Lor- they want us to give every- aine. She said she would yell thing.”: —to no avail — at people who Don Peacock, another removed parts of the struc- Bank of Montreal spokesman, ture and at children . who said “it’s not because banks threw rocks at its windows. are greedy, it’s because we “A guy came once, and I get locked in.” * - think he took enough mat-., million, the ary gain, pity ithe sale of the . news release, oil and; gas proporties of: a including an extraordinary subsidiary company,.Com- gain of $5.6 million, Cominco inco had’ a-net loss of $81.2 recorded a net profit of $70.38 million or $12.20 a common.. million, or $3.35 a share, on pany sald ina ‘share on sates of $1,284.7 sales of $1,416,9 million in 1982. House stolen piece by piece Comineo had a net loss of $165.1 million or $1 a share for the fourth quarter of 1982, compared with a net profit, of $11.1 million or 45 cents a share during the correspond- ing 1981 period. erials to build a. whole new “0; perating. costs, particu- before extraordinary items,’ profit of $78.5 million in 1981, mainly because of reduced lead and zine prices. The fertilizers and chem- icals segment had an operat- ing profit of $87 million, compared with $97.6 million in 1981, because fertilizer prices weakened dramatical- sly in the last half of the year, ‘the company said. Cominco's copper division closed last June 30. but re- sumed operations | an. 17 at the new Lake Zoae mine in the Highland Valley, near Ashcroft. house,” she said. “One night 1 tarly for labor and energy, - heard a crackling sound, and continued to escalate” during | someone was taking. cab- 1982, the company said. ts-out of there. “1s: bizarre that a “whole “We didn't even know: “he: “One guy. was taking oat the storm windows,. and I asked him what he ws dolng. He never turned around, cheer looked |up. He just kept ar Tillack’ * aid the « house's kitchen had been re-: modeled and the furnace. placed less than three ye: ago. : “We lost money onit,” said works ‘for, the city ‘utilities department. . “Our insurance will not cover it. So far, they said there was nothing like this in our Policy. My insurance man ianened when I told him.” FOR YOU | ~ Monday, Tuesda AICARIAE. 3 Ib. pkg: $2 al DELSEY TOILET TISSUE Wooten sid she had tried UBBY'S TOMATO JUICE ive talent + OWNED & OPERATED, 2717.Columbia Ave. 1 CASTLEGAR | Lick sant ‘UP! * Cominco’s mining and inte- grated ‘metals division lost $40.2 million: last’ year ‘com- pared with | ‘an operating: | €OHOE INSURANCE 5 AGENCY LTD. Acomplete insurance “entice: You must renew 8): pefore Feb. 1, 1983 ‘Dianna Kootnikoft -Linda Kositsin ADVERTISING SALES ie Carol Magaw i. 9.0. DOANE mazes 0c. ve ad ALCON PAINTING & DECORATING 2649 | FourrH ave cCasrieGan p.c ee VIN 281 365-3563 1460 ve Sip-706 ~ Sing Along... . answer in Wed. paper 0 rsh sea god ys Acres eget abocieg eth ‘Ms City in Arabia 7, QSSF I8HISW DT, IRHHSIITRY MDWSY. FIDPFIGSWDS: “G MXQ XZ Gzzz. ‘Today's Cryptoquip cor: Lequals8. 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