ws _Castlégar News December 7, 1988 COMMUNITY NEWS Robson Pool Committee‘ elects officers mmittee for pool, held an The Robson Pool © the Coralea Schuepfe informal meeting Dec. 1 at the home of Sherri and Keith Watson ‘The meeting was a direct vesult of the work of four community-minded individuals and an open community Meeting held at the Robson Hall last Month. At that meeting it was unanimously passed that the com munity try to p the funds re quired to restore the pool to opera ting condition The following officers were elec ted: Chairman — Dennis LaHue, Vice chairman Keith Watson, Treasurer Shriley Salikin, Re. cording secretary — Geraldine La Hue. The new.members were then brought up to date on what has happened so far, including letters to the Regional District Kootenay and B.C. Hydro. An economic benefit summary was handed out that shows a dollar value well over $10,000 going directly into the community as a result of the pool being open. Further ways of fund-raising were discussed and each committee mem. ber was given an assignment before the meeting ended of Central eet Perecwons & Bee Sania) ae a NewsDenel THE DRAGON TREE War It CASTLEGAR: The Book TRAIL: L8J Books A romantic reaction to this one small cor John A. Charters was born in Vancouver in 1916 and spent his boyhood near Barnet on Burrard Inlet. Alter attending the University of British Columbia, he enlisted with the Seaforth Highlanders of Canada, attaining the ank of captain, and was decorated tor gallantry in action while serving in the Mediterranean Campaign of World Charters moved to the Kootenays in 1947 to teach high school sciences and has remained in this beloved southeast corner of British Columbia because Shop. Castlegar News, Carl's Drugs, Selkirk College Book Store Bear Grass Press (Kathy Armstrong, 365-6549 NELSON: Oliver's Books, Nelson Museum 524 Ideal for Christmas Gifts . Humourist, raconteur, traveller naturalist, historian and social critic John Charters is all of these and now Over My Shoulder gathers. tor the first time, the best of his pungent Custlegar News columns Charters reflects on the peculiarities of the sexes, on freedom, education and lites wonders and horrors. He recollects memorable characters, the Kootenays of old, favourite journeys and the joys of childhood. Over My Shoulder is an entertaining mix of perception and observation trom a journalist who hos been writing with wit and compassion tor 30 years 200 Pages $14.95 on of two rivers which we call Castlegar he says Over My Shouder and The Dragon Tree ore available at the following locations Central Foods CRESTON: er of earth It's a place that takes hold ot you After retiring trom teaching in 1978, he continued to pursue his enjoyment of people, places and ideas through travel and personal study and to live becoming an oblate with the Benedictine abbey gf St Joseph of Westminster. But his first love remains writing | like the sound and the taste of words compulsion tor me Columbia River in Castlegar with his wite Bunny, three dogs, a cat and a collection of ceramic dragons ROSSLAND: The Cellar Fibre Studio Apple inscribed copies and seniors discount: John Charters 365 1 the community of people at the his faith by Writing is a John Charters’ lives beside the Tree Book Store. Personally RECENTLY MARRIED . . . Donna Edwards of Trail and Bill Nazaroft of Castlegar were recently married at a service in Castle, is now living in Castlegar. Pecipitation levels le in November »A® double the normal amount ipitation fell in November, up 'for the shortage of precipitation in October Most of the precipitation was rain, with a record 34.1 millimetres falling on Nov. 5. The largest snowfall was 13 centimetres on Nov. 24, with measurable snow falling on seven other days. Temperatures for the month were slightly above average, but the amount of bright sunshine was re. duced to nearly half the normal amount Average wind speeds prevailed with a maximum gust of 93 kilome. tres-hour an Nov. 6. from the WAREHOUSE Shop early for best buys! INCLUDES AND NOW OFFER LG For a Limited Time Only! It’s Warehouse Prices AND ON APPROVED CREDIT... No Down Payment No Monthly Payments UNTIL MARCH 1989 No Interest Charges UNTIL MARCH 1989 on Purchases of... Bedroom Suites ¢ Dining Room Suites Dinettes ¢ Chesterfield Suites Sofa Sleepers ¢ Chairs of all kinds including La-Z-Boy Recliners Open stock ¢ Living Room Table Groupings Furniture Warehouse ¢ Bedroom Units ¢ Sleep Sets and other Furniture Items! Major Appliances & — ~HOME Televisions : Located halfway between & Floor Covering G i Centre Phone 693-2227 Trail & Castlegar / Open 9:30 a.m. - 5:30 p.m. Monday through Saturday gar. The couple Christmas campaign on target The British Columbia Lung Asso- ciation’s annual Christmas Seal Cam paign is nearing the halfway point. Bunny Charters, Christmas Seal chairwoman for the Castlegar area, reports that with eight weeks to the campaign's end, contributions have already reached $2,271. BUNNY CHARTERS . reaching goal By Jan. 31, the Castlegar Christ mas Seal Campaign goal of $3,829 is expected to be achieved. Money raised through the British Columbia Lung Association's Christmas Seal Campaign supports vital medical re search, health education and com munity programs. Gourley shows slides Toronto-born Clark Gourley filled the pulpit and showed a series of slides at Calvary Baptist Church Sunday evening. He spoke of his recent engagement to represent the Fellowship of Evan gelical Baptist Churches in Canada as a missionary in the Middle East, some time in the near future. CLARK GOURLEY . Shows slides Gourley spent about two years in Castlegar as a student before re. ceiving a bachelor of arts degree, majoring in the study of Middle East languages from McGill University He is looking forward to an interim church ministry until his time of departure overseas. Gourley's father was associated with the Bank of Montreal for several years in the city before retirement on Vancouver Island Planning a Wedding? We Sell Distinctive Invitations, Napkins, etc Come See Us At Castlégar News 197 Columbia Ave. CHRISTMAS STORE HOURS Open: Mon.-Fri. 9:30-9:00 Saturday 9:00-9:00 ‘til Dec. 23, ‘88 DOWNTOWN TRAIL BUSINESS Education saving limited By KEVIN WARD The Canadian Press Tighter tax laws have made it tougher for parents to save for a child’s university education, but reg istered education savings plans re- main an attractive way to protect money from the taxman's bite, finan. cial planners say. “With the Income Tax Act the way itis... the RESP is pretty well the only game in town,” says Tom Egan, president of T.F. Financial Con sultants Ltd. in Toronto, “It’s an excellent vehicle.” The advantage of these plans is that the money put into them collects interest tax-free. The accrued inter. est will be taxable in the student's hands when it is paid out, but most students on limited incomes pay little or no income tax. 7 The eurrent maximum that can be socked away in a registered edu cation savings plan is about $30,000. The Canadian Scholarship Trust Foundation estimates that it costs about $7,000 a year to send a person to university today, including tuition, books, accommodation and living ex. penses. IT’S NON-PROFIT The foundation, which runs one of the most popular registered educa tion savings plans with 200,000 ac. counts, is a non-profit or i best way to save money for a child's higher education, there are things to consider before deciding which plan to join. . Plans offered by non-profit foun- dations tend to be risker than those administered by stock brokerages, Egan says. Under the rules of the Canadian Scholarship Trust Foundation, a child must be enrolled in a plan before age 13. A parent contributes to the plan until the child reaches age 18, then the principal saved is repaid to the parent, us an enrolment and an nual administrative fee. DROP-OUTS LOSE If a child decides not to go to university or college, the parent gets back only the principal. The interest is retained in a general pool that is distributed to other students. A child must also attend post- secondary school for at least two years to collect any interest earned on the principal and must complete the course of study to get full payment. “We do not require kids to be aca demic geniuses, all they have to do is pass,” says David Summers, exe- cutive vice-president of the Canadian Scholarship Trust Foundation. Self-directed plans offered by some securities i such as RBC that pools investors’ money in low-risk investments. University Scholarships of Canada is another non-profit foundation operating along the same lines. Accountants and financial planners agree that while such plans are the Dominion Securities and Bolton Tremblay, are more flexible than their non-profit counterparts. CHANGE NAME Egan says plans offered by these companies allow an investor to change the name of a beneficiary up First bank loan may be difficult By KEVIN WARD The Canadian Press Many young people mistakenly believe that getting a personal loan from the bank is a right, not a privilege, says Stephen Wilson. Wilson, a manager of personal financial services at the Toronto Dominion Bank, says being young can make borrowing more difficult. “The banks will be more careful lending to someone who does not have a “track record” of loans paid off, he says. “On the other hand, you represent a very significant future potential for the bank.” Some financial planners tell young people to borrow a small amount of money when they're starting out just to establish a credit rating. NOT FOR HOLIDAY On such loan applications, Wilson advises young people to avoid asking for money to pay for such things as vacations and stereos. Instead, he suggests borrowing for investment purposes — like RRSPs, Canada Savings Bonds or real estate — because this “is tax deductible and probably makes more sense to the” lender.” Factors that Will -be considered before a bank’ will make a loan include how long a person has been working and the person's income. Wilson says being in good standing on a student loan held by the bank counts as a plus, although money still owned on the loan limits the amount of other loans. LOOK NEAT There are also little things to remember even before arriving at the bank, says Wilson, such as dressing well and looking neat. “Come in well prepared and try to impress the bank, thinking of it not as just one loan, but the beginning of a longer-term relationship.” A credit card is a useful took in getting a good credit rating, says Tom Delaney, a Toronto-based finan cial adviser. But young people should keep their credit card limit to $500 and should pay the balance in full every month to avoid interest rates that can hit 19 per cent or more. “The banks will take a flyer on a guy by giving him a credit card, because they have control over the limit and within very short order they’re going to see evidence of a guy’s ability to pay,” Delaney says. GET CO-SIGNER If a major purchase, such as a car, is absolutely necessary, there is nothing wrong with getting a co- signer to guarantee loan payments.” Having a co-signer, such as a parent, may even have its advan tages, Delaney says, because “you get good habits right off the bat in terms of meeting your obligations.” Ideally, people should try to negotiate a payment extension be. fore it gets to the point where the bank is writing letters demanding money. Dividends announced A dividend at the rate of 8.1675 per cent, or 51 cents per share, on Cominco Ltd., Floating Rate Pre ferred Shares Series “G” has been declared payable on Dec. 31, 1988, to holders of record at the close of business on Dec. 15, 1988, Cominco Ltd. announced. Cominco Ltd. has also declared a dividend of 30 cents per share on the Common Shares payable on Dec. 31, 1988 to holders of record at the close of business on Dee. 13, 1988. 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The chances of forfeiting interest under the newer type of self-directed plan are much lower than under the more traditional plans, Egan says. “You could even make your neigh bor's kid the beneficiary and strike a deal with your neighbor.” Recent tax laws that have torn down other shelters on income have made the education plans more at tractive and abundant, Egar says. “There are new plans coming to market almost daily now as financial institutions catch on to their benefits. I think we're going to see a treme: dous proliferation of these plans.” Besides registered education sa- vings plans, the other tax avoidance approach left teday is to bank and save family allowance cheques in the name of a child, Egan says. Garry Duncan, an accountant with Dunwoody and Co,, says banking family allowance cheques for a child’s education is still a tried-and-true method of saving money without paying taxes on interest earned. But, he cautions, the investor must be disciplined and resist the temp. tation to use the money for some. thing else. “The unfortunate thing with our tax laws is that they've cut off all other avenues,” he says, “If you put it (education savings) in some kind of guaranteed government certificate, you will pay tax on it,” December 7, 1988 Castlegar News a7 Castlegar Aquanauts License No, 68530 INGO Sat., Dec. 10 Arena Compiex SAME PAYOUTS AS PREVIOUS BINGOS! 60% Payout Early Birds 60% Payout Specialty Games — TWO JACKPOTS — Best Payouts in the Kootenays! Early Bird 6 p.m., Regular Bingo 7 p.m. BUSINESS DIRECTORY TELEPHONE 365-5210 New insertions, copy 9 Business Directory will be accepted up to month of January. hi and for the Cast. No jews 5 p.m. Tuesday, Dec. 27 for the Brian L. Brown CERTIFIED GENERAL ACCOUNTANT 270 Columbia Avenue Castlegar * 365-2151 Gordon A. Read & Co. 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PIPELINE PITT ROAD CALL PLANT 693-2430 CASTLEGAR 365-2430 D&M Painting & Insulation * Blown Insulation ° Batts & Poly DUNCAN MORRISON 650-5th Avenue 365-5255 Chimney Service JIM'S CHIMNEY SWEEP * Service * Repoirs * Installations 229-5375 (settour) Computers HORKON COMPUTERS AND ACCESSORIES 365-3760 Foot Care MODERN REFLEXOLOGY AND FOOTCARE - _— columbia Ave. = $. Castlegar $121 Moving & Storage Williams Moving & Storage 2337-6th Avenue, Castlegar Invite you-to call them for a free moving estimate. Let our representative tell you about the many services which have made Williams the most respected name in the moving business Ph. 365-3328 Collect Plumbing & Heating CASTLEGAR "\" PLUMBING & HEATING For all your plumbing needs and supplies * FIXTURES * PARTS © SERVICE CALL 365-3388 TRAIL CUSTOMERS ONLY CALL 364-0343 CasNews |) Printing Letterheads & Envelopes Business Cards Brochures * Business Forms * Invitations Any Printing Don't forget our Web Printing Service. For details, call us. \_ Castlegar News Optometrist WoL Lee Noy B.C. O.D. OPTOMETRIST 1012 - 4th St., Castlegar PHONE 365-3361 Tuesday to Friday 9a.m. to 4:30 p.m Saturday 9.a.m. to 12 Noon Planning a Wedding? We Sell Distinctive Invitations, Napkins etc COME SEE US AT Castlegar News 197 Columbia Ave Radiator Repair Mike’s Radiator Repair & Sales New Location 690 Rossland Ave., Trail Open 8:30 - 5 p.m. Monday-Friday 9.30-2, Saturday ly Pickup and Delivery in Costiegor Phone.364-1606 Alter Hours Emergency or Pickup Call Perry, 364-1506; Tim 359-7951 Mike 359-7058 Roofing Plumbing & Heating SILVER CREST PLUMBING 713 Tamarack St., Castlegar Call 365-3044 ROOFING * Guaranteed Work * Fair Prices * 30 Years in Business Free Estimates ‘JAMES SWANSON AND SONS Ph. 367-7680 Septic Service CASTLEGAR FUNERAL CHAPEL Dedicated to kindly thoughttul service COMPLETE FUNERAL SERVICE Cremation, Traditional Burial and Pre-Arrangement Plan Available Granite, Bronze Memorials Cremation Urns ond Plaques PHONE 365-3222 Bartle & Gibson The Plumbing & Heating Centre * American Stondard © Valley Fibreboth © Jacuzzi * Crane * Duro Pumps & Softeners * PVC Pipe Fittings © Septic Tanks * Electrical Supplies 2317-6th Avenue, Castlegar Phone 365-7702 “COLEMAN COUNTRY BOY SERVICE Sump & Septic Tank Pumping Phone 365-5013 3400-4th Avenue Castlegor