Page 4B

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“TPIS
Please Recycle
the Sun

OPEN SUNDAYS
until December 5
10:00 am to 3 pm
Beside Greyhound

BRUCE FUHR

Special to Sun Sports

lt was suppose to be
A match where both teams could
refine their skills in preparation

a tune up

for provincial competition

When the final point had been
decided, it was the fans who came
away the big winners as Wildcats
V. Rogers Bombers treated
the spectators to a match of a life
time in the second half of the Fifth
Annual Challenge Cup Friday
night-at the Mount Sentinel gym.
nasium.

Kids & Tobacco
t's a crime.

Good luck to

of the new

Thank you

A special thank you to all
supported! me

all the

school board

Rose Paszty

those who

tothe polls

members

The __ The Castlegar Sun

Challenge Cup title the Mother of all Matches!

Double A and Triple A teams strut their stuff during games

Wildcats prevailed 2-1 in the
best-of-three match, but on this
day everyone was a winner.

lt was fun for everyone it
was pretty exciting. id Wildcats
coach Dave Olynyk. “Both teams
wanted to win (at all costs) but
afterwards they were talking to
each other it was a friendly
teeling

The win, coupled with Lady
Cats straight game victory over
the Bomberettes in the preliminary
match, gave Mount Sentinel a
sweep in the Challenge Cup, and
bragging rights for the winter for
the second straight year.

Bombers on the opener in the
boy's tilt, battling back from a 5-0
deficit to win the contest 15-7.

“The line just changes and we
had kids in different positions and
just could get a side out,” said
Olynyk, commenting on the fact
LVR was able to run off 11
straight points to take an 11-5
lead.

Wildcats rebounded in the sec-
ond game to win 15-10 before
wrapping up the match with a 15-
11 win. Mount Sentinel jumped to
an 8-4 lead, then held off LVR
down the stretch.

Federal Business Deve
at Bank representative
will be paying your com
munity a visit in the neat

few days. Call today d
at Castlegar or
Telenhone

December 1,
1-800-667-7579

We're out to meet y

tment
ancing and

nent services
counselling, planning

and training)

1993

COMMITTED TO YOUR SUCCESS

“We won tonight, but had this
game been played Saturday, or any
other night, Bombers could have

Units Now Available
365-7798

Were giving
these little
much needed lift.

guysa

won the teams are that close
said Olynyk. “It's really nice to
see a Triple-A school and a Dou
ble-A team be that close

Still, Olynyk felt the victory
was more important for his troops
as Wildcats prepare for the Dou
ble-A provincials starting Thurs:
day in Abbotsford

“I think we needed to win shis
more than LVR.” said Olynyk
“LVR has won more (bigger
games) this season than we have,
so it was important for us to win to

Wednesday, November 24, 14»

gain some momentum he
into the provincials

While Wildcats have three days
before heading to the B.C. Chan:
pionships, Bombers do not leave
until next week for the 16-team
Triple-A volleyball tournament in
Mission

LVR coach Rand Wayling has
set practices for Tuesday, Wednes
day and Thursday where his
troops will scrimage against local
men's teams.

Lady Cats,

dene

coming off their

convincing West Kootenay zonc
tournament victory over Nakusp
Thursday at Selkirk College in
Castlegar, had an easy tire against
Bomberettes

Mount Sentinel won by scores
or 15-4, 15-5. In the second game
the hosts held a lead of 11-0
before LVR was able to break the
goose egg.

Lady Cats now head north to
Fort St. James Dec. 2-4 to com
pete in the single-A
cials.

girls provin

Photo above and right:
In minor hockey action
over the weekend the
Castlegar Pee Wee
house team downed
Trail Pee Wee squad 9-6
on Sunday. Their game
was held at the Castle-
gar and District Commu-
nity Complex

SUN SPORTS PHOTO / John Van Putten

UTY SALON

Call now for an

appointment
Watch for Grand Opening

142 Columbia Ave.,
€

365-2616

Traci

Boutique

Pre-Christmas Sale

with 25% Off

Everything in the Store!
644 Baker St., Nelson
Call 352-6811
Hours: Mon.-Sat. 9:30-5:30

Frid:

= Inconsistent

Continued from 3B

In a similar performance on
Friday they opened their weekend
with a 7-4 win in Rossland and
followed it up with a 11-6 routing
of the Beaver Valley Nite Hawks

Their home game on Saturday
had the Rebels up to their tradi
tional performance—a fast start
only to fall flat. Their first period
ended in a 7-3 lead only to have
the team put on one of the most
uneventful and boring second
periods of hockey in the history
of the game

“We are going to have to play a
full three periods each game and

win each one,” Phillips said.

Fast starts has been something
Phillips says the Coaches have
been stressing but it*s exactly
that—the clubs fast start, that
sometimes ends up working
against them in the long run

When we get a lead, they let
up...we have had some
blowouts,” Phillips said

Last night the team was given
an opportunity to extend their
point spread over Nelson with a
game against Grand Forks. This

me which marks the half-way
point of the season is now history
Going into the match the Rebels
were sporting a record of 15 wins
and four losses.

BUSINESS

The Castlegar Sun WEDNESD

November 24, 1993

Envirowrap, located beside Chicken
recyclable and beautifully decorated,
of wrapping paper, Use a Christmas

Excuse our dust

Kalawsky Pontiac Buick is renovat

Seeing the light

the airport boundary. What does this

very fast sequential pattern. The end

Skinless
chicken to those who request it. Just
Banquets
Taylor's Place Restaurant is pleased

tions up to 60 people. Book your Ch:

More bagging

baggage in a cart and wheel it out to
minal. Thanks John!

Top pe rtormer
to Brian

tions Brian!

Opening soon

and her daughter Leslie are working

142 Columbia Ave., near the Castle

They deliver

deliver. Call them to find out more!

New face

variety of Christmas bags that can be

John Perry, of Transport Canada at the
inform us that they now have individual baggage carts for loading
luggage. Now all those skiers arriving here this winter can put their

Time in south Castlegar has a
used to wrap gifts. The bags are
They can even be their own

gift! This Chrismas, think about the environment and save the hassle

bag instead

ng their customer service area

and show room. They're sta arting in the service area and then working
on the showroom. They'll keep us informed

Transport Canada at the ( “astlegar airport has installed sequentially
flashing strobe lights leading up to the south end of the runway from

mean? It means that pilots

approaching in periods of poor visibility will see the lights flash in a

result is that the flashing of the

lights make it appear as though an arrow is pointing into the begin-
ning of the runway thus making it easier for pilots to see the runway
and safely land their craft and precious cargo

Well, not what you think, but Chicken Time does offer skinless

phone in first and they'll be

Pleased to accommodate your request

to let you know that their ban-

quet/meeting room located downtownstairs in the restaurant is now
available. It is fully licensed and catered,

ind is available for func-
ristmas party soon

Castlegar Airport is pleased to

the buses or car park area and

then use the carts to take the luggage from the bus or car into the ter-

of Kalwsky Pontiac Buick GMC

Pas being the October Salesman of the Month. This is Brian’s fourth
consecutive month being top performer at the dealership. Congratula-

Betty Bergeron, a well known Castlegar hairdresser, with more than
26 years experience, has decided that it is time for her to open her
own hair salon. Appropriately called, Images Beauty Salon, Betty

out of a salon in their home at

Theatre

Chicken Time in south Castlegar is now delivering their hot and tasty
chicken. From Robson to Blueberry,

between 4 and 9 pm, they Il

Premier Propane located on 6th Avenue in Castlegar would like
to welcome John King who will be the new manager

Phone
365-5579
with your business brief

Catholic Women hold meeting

Submitted

The Catholic Women's
League held their November
meeting last week with 20 mem
bers in attendance at St. Rita’s
Parish Hall

President Elaine Audet
thanked the members for their
hard work in putting together the
recent Fall Bazaar and Tea, and
recommendations were made for
next year’s bazaar.

Thank you cards were read
from Nelda Maryhas of Genelle
for their part in the Bazaar, from
Irene Flynn for the use of the
coffee urn, and from a Nakusp

resident for our presentation of a
layette

C.W.L. Sunday will be on
November 21st at the 11 o'clock
mass

A decision was made to send
$25 towards the Gerry Oliver
Memorial Bursary which is
being set up by the Diocese for a
Medical Student at Selkirk Col-
lege

Faye Rogers will give a work-
shop on Christmas. decorations
for the CWL ladies on Thursday,
December 9 at 6:30 pm.

A Mini Bazaar will take place
on December 11th and 12th from

See MEETING 7B

Alternatives to guaranteed investments
Good news and bad.news for Canadian investors

Today's low interest rates
continue to be good news for
borrowers - and at least on the
surface, bad news for most
Savers and investors.

Good news is always easy to
handle
yesterday's higher rates. see if
you can refinance or simply
renegotiate a better deal

With most personal loans
(mortgages are tougher), a
quick visit to your financial
institution will do the job - and
cut your interest costs. Unless
you are really strapped, contin-
ue the same payment to delete
the debt faster and save even
more money

Coping with the bad news of
low interest rates is hardest on
people who rely on interest
income. Jim Murdock, of
Keeptrak Systems, writing in
the The Canadian Money
Saver newsletter, put it well
when he said

“There are three choices all
tough.” You can-reduce your
spending, live off your principal
or choose other investments.

Living on less doesn’t have
to be bad news. Cut housing
costs by renting a less expen-
sive place, or sell your home
and move to cheaper housing
Buying down should both
reducé your home operating
expenses and also free up some
capital to provide more invest-
ment income.

You can live off your capital
by spending some of your prin-
cipal every time a deposit
matures, or by depleting other
savings. You could buy an
annuity which locks in today’s
rates and gives you regular
payments which are part inter-
est, part principal

If you own a home, a
reverse mortgage or home
income plan will usually pro-
vide tax-free income based on
using up the equity in-you
home. Or perhaps family mem-

Start your party supplies
Come see us at
926 Columbia Ave.

Nelson Castlegar
352-3711 365-3839

NEW IN TOWN?

LET US PUT
QUT THE MAT

So if you have debt at

bers could buy your home
from you while allowing you
(through a legal agreement ) to
live there the rest of your life

Once you leave the world of
guaranteed deposits, for most
people the next step up (in
terms of both reward and risk)
is a mutual fund

Through such a fund, your
money is typically invested in
a variety of stocks, bonds or
mortgages. (If you have the
interest, time and expertise you
can always. invest directly in
these instruments.)

If your fund grows at six per
cent a year, then you can draw
out six percent of your money
by cashing enough units of the
fund each month to provide
that income

If your fund grows,more
than your withdrawal rate,
your capital will increase; if
the fund grows less or loses
money, then your capital will
decrease

As Murdock points out, if
the fund is growing through
capital gains (that is, the
underlying securities are
appreciating in value), and if
you can claim the capital gains
exemption, then this income
will be tax-free.

So a six-per-cent return
based on capital gains for
somebody in the 41-per-cent
tax bracket (taxable income
between about $30,000 and
$60,000) is the same as earn-
ing 10 per cent interest

But and this is most important
as Murdock warns: “The
investor is assuming some risks.
The capital gains income is
never guaranteed.”

The same applies to the divi-
dends produced by mutual

The Advantages of New Technolo

A Kootenay Savings Member
Gives A Personal Account.

funds. You get a better tax
break but the dividends aren't
guaranteed

If the alternatives to guaran
teed investments don't appeal,

Mike
Grenby

Syndicated

Columnist

take some comfort that today's
relatively low inflation rate
helps compensate for the lower
interest rates.

If you spend all your inter-
est, your capital isn't losing its
buying power as quickly. A
$10,000 deposit one year from
now will still have about
$9,700 buying power. Not so
long ago, one year would have
cut your deposit’s buying
power to $9,000 or less

Or let’s say you had a
$10,000 investment in an
RRSP earning 12 per cent a
few years ago, while inflation
was running 10 per cent

While your $10,000 would
have grown to $11,200 after
one year, it would have taken
$11,000 to. buy what $10,000

bought a year earlier. In other
words, your real return growth
in terms of constant buying
power - was only two per cent,
or $200

Today, you might earn six
per cent on your $10,000. If
inflation runs around three per
cent, a year from now your
$10,000 will grow to $10,600.

You will need $10,300 to
buy what $10,000 bought a
year earlier. So your real,
after-inflation return this time
is three per cent, or $300.

That's a 50-per-cent higher
return than when your money
was earning 12 per cent,
thanks to today’s lower infla-
tion rate

Mike Grenby is a Vancou-
ver-based columnist and inde-
pendent financial adviser who
works with individuals; he will
answer your questions as
space allows - write to him clo
The Castlegar Sun

Support
your local
businesses

Dr. H. Ukpoh, M.B., B.S.,
wishes to announce the opening
of his practice in
General Pediatrics
located. on the Second Floor of
The Trail Regional Hospital
1200 Hospital Bench
Trail, B.C. VIR 4M1
Consultation by Appointment Only Ph

F.R..C.P. (C).

(604) 364-2556

Canadian Regional es

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AirBC are happy to be helping them
get some TLC. We bring the same
attitude to our passengers, helping
nut whenever we can.

And no, the pups don’t qualify
for Aeroplan

Castlegar has
weekend to look forward to with
games in Nelson on Saturday and
Beaver Valley on Sunday

; a two-game
rides to injured and abandc §

harbour seal pups. The pups ar¢
ted by volunteers and reported t
SPCA, who then give us a
liver the seals to our tern
it’s off to the Vancouver Aquari
After being treated and properly

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Abhhbhb drift into a

state of utter relaxation

and peace as you slip into

the steaming mineral

waters from the caves of

Ainsworth Hot Springs

Resort

Afterwards, enjoy the fine

cuisine and hospitality in Finis by

the Springs Dining Room. Or, kick back and relax with a casual menu in the
easy atmosphere of the Krao Lounge and enjoy the evening's entertainment
The pristine beauty of the Purcell Mountains and Kootenay Lake 1s a
gorgeous backdrop to your evening that will stir your soul and capture your

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800 - 1444 Columbia Ave.,
Castlegar