July 28, 1990

CENTRAL FOODS
[Ear] SPECIALS

Sunday, July 29-Wed., Aug. 1

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Spending up

B.C. Tel earnings rise

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VANCOUVER — A buoyant provincial economy and increased
demand for service has boosted six-month net earnings for British
Columbia Telephone Co., the company reported.

Net earnings rose to $88.4 million or 77 cents share from $73.7
million or 65 cents a share in the corresponding period in 1989.

Operating revenues totalled $898.4 million, compared with $808.3
million in the same period last year.

Expenses rose 10:9 per cent in the second quarter compared with “®
the same four-month period in.1989, reflecting a growing customer base
and higher wage and salary costs.

despite interest

OTTAWA (CP) — Business hasn't
been spooked into cutting capital tations will not be met,”’ said Rubin.

spending despite high interest rates ‘‘l just think the corporate sector

and a stagnant economy, Statistics would be committing suicide.”*

“I continue to say that the expec-

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period in 1989.

be blamed for part of the decline.

Calgary.

markets, the company said.

“*B.C. Tel is continuing its efforts to ensure that operating costs are
kept at the lowest level compatible with service commitments to our

Gordon MacFarlane.

Time Air income down
CALGARY — Net income for Time Air Corp. was down $1.8
million for the first six months of this year, compared with the same

Officials with the Lethbridge-based airline said a labor dispute can

Time Air said income for the first half of this year totalled
$897,000, down from $2.7 million for the corresponding time last year.
Profits per share dropped to 20 cents from 60 cents.

Per-share profits declined td 12 cents from 25 cents.

Although labor negotiations were successful, the company had to
operate on a reduced schedule from June 25 to July 3.

Time Air Corp. is a holding company for Time Air Inc., a regional
airline which is 47-per-cent owned by Canadian Airlines International of

Shutdown extended
NANAIMO — A scheduled shutdown at MacMillan Bloedel’s
Harmac pulp mill will be extended because of continued softening pulp

The mill was to be closed for a two-week period next month

Canada reported.

Canadian companies intend to
spend $86.2 billion on such fixed
assets as machinery and factories this
year, up. 9.7 per cent from actual
spending during 1989, the agency
reported.

The 1990 capital spending plans,
based on a survey conducted between
April and July, are up 0.7 per cent
from a similar survey taken between
November and February.

“The strength is quite surprising in
light of the dismal economic
outlook,’”’ said George Vasic,
economics director at DRI-McGraw
Hill, a Toronto research company.

“The economy is moving sideways
but is not yet in a free fall.’’

However, Jeff Rubin, senior
economist at Wood Gundy, doubts
business can stick with optimistic
spending plans in -light of falling
profits in sectors ranging from car-
making to newspaper publishing.

Statistics Canada said the forestry,
housing, manufacturing, farm and
fishing sectors all reduced their 1990
Spending plans from last winter's sur-
vey. The wholesale trade, finance,
service and utility sectors, however,
revised their plans upward.

That reflects a general split in the
economy, with services much stronger
than manufacturing, which is already
in recession.

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CHEDDAR CHEESE wor 2. nn 88°
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BLACK FOREST HAM... 99°
IMPERIAL MARGARINE _ 3..,...52.59

Despite strong i
by business, Statistics Canada also
reported Thursday the value of
building permits issued across Canada
in May was down 9.4 per cent from
April.

The agency’s report on business
spending plans gave the surging
Canadian dollar even more support.
The dollar reached 86.92 cents US at
one point and closed Thursday at
86.75 cents US, its highest closing
level since July 1980.

COMMUNITY

Bulletin Board

FRUIT DRINKS....... 3 99°
POTATO CHIPS...... 21.18
FUN FRUITS... w2.19
B.B.Q. SAUCE.......... ee
SALAD DRESSING ..., 1... 51.68

— FRESH PRODUCE —

FRESH LARGE WHOLE

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; because of poor market conditions but will now be closed from Aug. 20
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esemet MUSBROONS NECTARINES | WATERMELON
The shutdown will reduce the mill’s bleached pulp inventories by CHRISTMAS CRAFT FAIR er er eanll 42¢ kg.
about 23,000 tonnes and affect 600 of the mill’s 1,300 employees, said November 9 and 10, Castlegar Community Complex. Sponsors Blueberry
Roger Killin, Harmac general manager. Creek Recreation Commission. For information L Gallo 365°3878, R. Cook 265. $ 1 98 89 ¢ 1 9 ¢
The curtailment will not affect Sur sawmill operation and work Citiueaa eins edtoo Un bead bd bs kee —
on our environment projects will continue during the period,” he said.

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The pulp mill closed for two weeks in both March and June because

are being ‘aged to take their

annual paid vacations during the shutdowns.

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Crowd heckles Tories

EDMONTON (CP) — Yelling ‘‘Go
home commie!” a feisty crowd of op-
ponents to the proposed goods and
services tax got into a shouting match
with Conservative senators during
public hearings this week.

The greying crowd heckled Conser-
vative Senator Jean-Maurice Simard
after he interrupted a presentation by
Edmonton publisher Mel Hurtig, who
combined his opposition to free trade
with a petition against the tax.

“*You're just here to promote more
Liberal policies,’ Simard shouted, in-

speakers to continue.

“I knew this would make! the Cor
servative senators very angry,’’ Hur-
tig said after presenting his brief.
“It’s an indictment of Brian
Mulroney’s government.””

ARROW LAKE
ELEVATION

1441.6 ft. on July 28
Forecast of

Fall School begins August 20-September 21. Power skating and Contigure

fe reserve the right to limit quantities
begin August 27. Register at the Complex by August |

ices limited to stock on hand.

Ezz) CENTRAL FOODS

‘OPEN SUNDAYS Community Owned & Operated
10 a.m.-6 p.m. 2717 Columbia, Castlegar

Coming events of Castlegar and District non-profit organizations may be listed EFFECTIVE
here. The tirst 15 words are $5 and additional words are 25¢ each. Bold faced SUN., MON.
words (which must be used for headings) count as two words. There is no ex TUES.. WED
tra charge for a second insertion while the third consecutive insertion is half

price and the fourth and fifth consecutive insertions are only half price for the

two of them. Minimum charge is $5 (whether ad is for one, two or three
times). Deadlines are 5 p.m. Thursdays for Sundays paper and 5 p.m. Mon.

days for Wednesdays paper. Notices should be brought to the Castlegar News
at 197 Columbia Ave.

Our Action Ad Phone
Number is 365-2212!

COMMUNITY

Bulletin Board

UNITED
BUY ($)SELL means Furniture f¢ for Less

ch into it you

fil | a! terrupting Hurtig’s statistical denun-

ciation of Canadian tax policy.

The squabble came during the
hearing of a Senate committee
studying the proposed seven per cent
tax, which is supposed to replace the
manufacturers’ sales tax Jan. 1. The
Liberal-dominated Senate opposes
the tax introduced by the Conser-
vative government.

Simard’s interruption of Hurtig
prompted a flood of derisive shouts BUY & SELL \
from an angry crowd that took its cue - cy 7. Then itimone .
from constant partisan squabbling on their opening sere
between the Liberal and Conservative . eens : MN Gao or renee
factions within the committee. from Don, Paul

“Senator, you're overpaid so shut and Andy of

your mouth and listen!"’ shouted
Merle Schnee of the Pro-Canada A. SAVINKOFF
PLASTERING tra.

Network, which opposes both the fre
“We are proud to

trade agreement with the United
States and the goods and services tax.
have completed
the drywalling work!"

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Liberal Senator Sidney Buckwold
repeatedly called on senators to
restrain themselves apd allow

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CONGRATULATIONS
& BEST WISHES

TO UNITED BUY
& SELL FURNITURE
WAREHOUSE

Best wishes
on your opening

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CONGRATULATIONS,

and Best Wishes
Are hein to have PET the carpets :
For... on your opening .

UNITED BUY & SELL UNITED BUY & SELL

FURNITURE WAREHOUSE
-muttatitame | CONGRATULATIONS | FURNITURE WAREHOUSE

MITCHELL SUPPLY MILLAR 365-2265
ORPAC

490-13th Ave., Castlegar 365-7252 1008 Col. Ave. + 365-3388 2313H-6th Ave., Castlegar, B.C.
CEMENT

CONGRATULATIONS BEST WISHES TO
& BEST WISHES UNITED BUY & SELL PRODUCTS CO. LTD.

FURNITURE WAREHOUSE
TO UNITED BUY & SELL

FURNITURE WAREHOUSE ON YOUR OPENING!
“We are proud to have supplied the roofing.

Kelowna Roofing
(1984) LTD.

5 Alcan Rd., Kelowna, B.C. VIV 1K6
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UNITED BUY
& SELL FURNITURE
WAREHOUSE

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From
Castlegar Plumbing
& Heating

We are proud to supply the

BENJAMIN MOORE PAINT

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Maglio Industries Ltd.

P.O. Box 193 Nelson, B.C. VIL 5P9

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