B8 CASTLEGAR NEWS, November 3, 1982 !

The rich
can't buy
peace

of mind

Consumers
footing
banks’
losses?

EDMONTON (CP) —
sumers may be making up for
losses Canada’s banks -suf-
fered on corporate loans by
bearing the brunt of increas-
ed profit margins at banks
and other. lending institu-
tions, says economics Prof.
James Savary.

Interest rates charged for
consumer loans have remain-
ed high even though most in-
terest rates have fallen, with
banks and other financial in-
stitutions earning almost.
double the profit margin on
consumer loans they earned
in November, 1980.

The profit margin in ques-
tion is the difference between
the best consumer loan rate
at various institutions and
the Bank of Canada rate,
which tends to set other
rates such as interest paid on
deposits.

‘The difference earned is

what supplies pre-expense
profits to banks, trust com-
panies and credit unions and
a change of a few points can
mean millions of extra dollars
flow into the hands of the
institutions.

An Edmonton Journal sur-
vey of five lending institu-
tions -recently: found con-
sumers were paying an aver-
age of 16.4 per cent on con-
sumer loans compared with a

Bank of Canada Rate of 11.2 ‘

per cent.

Two years ago, consumers
were paying an average of
15.6 per cent on loans while
the Bank of Canada rate was
12.8 per cent.

Bank ‘spokesmen defend
the jump in consumer bor-
rowing costs, saying uncer-
tainty and factors such as
total market conditions must
be taken into account.

“There isn't necessarily a”

set formula,” said Gwen Gill,
manager of consumer lending
at the Royal Bank of Canada
head office in Montréal. “You
have to take into account all
the market conditions, such

as demand for business and’

consumer borrowing. Com-
petition plays a big role.”
IS'NT ENOUGH

Savary, who teaches at
York University in Toronto
and is a volunteer consuliant
for the Consumers” Associ-
ation of Canada, said there
isn’t enough competition in
consumer lending, a situation
that helps create today’s high
loan rates.

Roy Nelson, operations dir-
ector for the Edmonton Sa-
vings and Credit Union, said
banks have had to make up
for not-so-fortunate corpor-
ate loans by increasing profit
spreads.

Nelson said banks have
had to dip into their reserves
to cover large delinquent
loans. “If they dip into those
reserves, they have to build
them up again by building up
spreads.”

Some bank spokesman said

ly volatile cond!

_ VANCOUVER (CP) .— He is a. multi-millionaire,

owner of a Vancouver-based business empiro, and there

is virtually nothing he cannot buy.

Except peace of mind. .

Eighteen months ago, he installed an elaborate
security system — dogs, laser beams, guards — to protect
his home and business,

It costs $1 million a yoar to operate. And still there is
the nagging fear that, ‘one day, it won't work.

The man — adamant that his namo not be used —
was one of several city businessmen interviewed ‘about
their personal security arrangements after the recent
kidnapping in Calgary of Hyman Belzberg, brother of

Sam

Hyman was rescued unharmed in a raid on a home in
Calgary.

All the isa Interviewed are either ‘major.

h ions with assets of
more than $100 million eich. All requested anonymity.

“Times are getting more ) crazy by, the month,”

explained’ one. “eat Icok at the. guy who drove up the-

Washington Monument. This is why we're ‘reticent in
talking about anything.

involved: Thi

ere’s
~' The,man with the’ $1-million-a- year security system ‘

knowg all about that,
THREE THREATS

In the past year. he a het bes received three extortion
threats — all from people threatening members of his.

family, all demanding: substantial sums. of money.
“A few yeara ago, I never gave this type of ha any

., consideration,” He said.”

“It creates
doubt about that,” safd another businessman.

“Most high-profile businessmen worry about secur-:

ity today, especially as this kind of thing accelerates. T
believe more! men are with

fears in, tho ¢ no."

elaborate security ES to guard, against potential
extortions and kidnappings.” '

Some | of , the.. electronic security devices, ‘the
executives said they’ have:

e Small, wireless radio. transmitters,’ ‘earried in the!
hand when walking down the street or to and from their:
“cars, with a button which, when: pughed, triggers an

alarm at a 2¢-hour monitoring atation to alert the police;
Driveways rigged 80 that the weight of an intruder
will trigger an alarm;
© Gardens and homes rigged with laser: and

, electronic beams at various levels;

© Doors and: windows wired to alarms. -

Anothor common thread in their comments is that
tough economic times might be a factor in recent violent
crimes, including’ the marler of Housewife Sharon
Bollivar.

Bollivar was abducted Nov. 22 and slain in -an

aborted extortion attempt.

The day you've been waiting for is back — with a bonanza of savings and surprises!
You'll be amazed at what you can save on winter: fashion, outerwear and footwear |
for the whole family. Big savings on gift items, housewares and sporting goods, too.
There's a paving | in store for you, in almost every department of every Bay. in B.C!
So come on. . . make a Discovery Day ort it!

’ THURSDAY ONLY

in the last few years have
forced them to increase their
profit spreads.

“The main reason for the
spread is the uncertainty of
where rates are going to
from week to week,” said
Don Peacock, regional man-
ager of communications for
the Bank of

Christopher Donald, media
relations officer at the Can-
adian Imperial Bank of Com-
merce in Toronto, said con-
sumer loans are tied more to
two- and five-year term de-
posit rates.

Donald admitted the
bank's overall profit spreads
include provisions for bad
loans.

STORE HOURS
Monday to Saturday 9:00 a.m. to 5:30 p.m.
Thunsday and Friday 9:30 a.m. to 9:00 p.m.

* DISCOUI to senior citizens 60 yrs. Bo over.
% NO LABOR IGE — on muffler installations |

"REMEMBER": You may have to}live with your ob
for along time — Do iteight thei men i

OURS!’
Mon. - Fri. 8a.m.- 6 p.m., ‘Sat. 9a. re, -4p.m.
Fruitvale Hwy. Trall:

(located just before Waneta Plaza) *

368-5228

EP

PADDLE FANS. Nan! fan’
store, Wholesale ond Remi” Free

catalogues:., Ocean Focltic fen,
Gallery tnc.,'4600 East stings

Street, Bu

nyse
Ph 312-299-9666, tin/ai

CASTLEGAR NEWS, January5,1983 ‘CY.

HL:

< CHAINSAWS - BRUSH CUTTERS - WEED WHACKERS

"We Service What We Sell” 7

Chainsaws
Lawnmowers
Pumps
Garden

? te
Tractors D,

|O}fice Aid

PH, LUELLA A AT.

» 365-6658

For. Better or For Worse

by Lynn Johnston

Tight brown suede

jength coa'

Don't
Miss -

waterbeds with ay Gusarais se and

ONE pre gis skin, suitable Tor

beginners: Regulation harness.
Ph. 3465-5684, bs 3/l

“Place Ypur’

for Sunday CasNews
365-2212

|. Deadlinefor’ .
Wednesday CasNews

SANYO 2

| guitar an end amplifier SES RISE of

POWER jake-olf to fit new.
process 435. transmission.: ah

SANYO Stereo, 2 speckers, am-
 plifitr-and turntable, Electric

DUMB QUESTION.

CONSIGNMENT Shop. New down-
town location. 1007 2nd St. 365-
7330." 3/2

5.1 ACRES for sale. Poss Creek
area, $20,000, Ph. 942-5493. 7/2
BEAUTIFUL 75' x 135' fully ser-
iced vleve lo! in South Stocan. sean, Ph.

x oa GBI TE
condition, | fully

w
loon! onderosa trol
Ph. 399-470)

FREHOOD — dry $45, Big Te

load. Delivered. 365-6691. 3/2 (-

1 Year Term

 % Price Sale
onall
- Sealed Units’.
IN STOCK

Several new sizes now in,
Ask about our specials 8n

* Deposit: :
AGood Community
: Investment

rT 7 i : a
Tie

Castlegar 365-7232

Slocan Pork 226-7212

DEPOSITS
+ Special Savings.
: lan 24. Term
Deposits. Chequing.
RRSP — RHOSP..

WING
MOBILE HOME TOWING
@ SETUPS
For Free Estimates Call

NO!

SOUTHERN Glass 1, Tp,

, is Noon Tuesday,

“the largest and most i
hardwood stock In the: Skene
At your service, a comple

RETA ek, bt 5 sq. aa. We Wis seal

96 millwork shop’ with ore

dads
ur Adress a eet
Pre: 2737"), Heald
Shawnigan Loke, B.C.

Please send Payment w

SEE No. 7 Taine forall you

uebel ery Feauirements and: ateak ide, rice $
650.Z31d- model
E $1, 965-9055.

REA

gt ted, beatin Blade ide
stru ing. srage
Joylor ind.

“_tin/2 Box 1968, Mi lalfor. Soaketchewa

Lose Weight
Feel Great:

ue. reproductio
\ Kitchen Cabinets: “Kélowna Weed Bro
*!. BY. CRESTWOOD AND. ‘ichter Si owna.

PATEREATIONAL:

“100% ‘Naturai
190% Money Back:
“; Guargntee . °

Git 1A0, ‘Phone 112 (906) aa

“DOLPHIN

POOL & SPA

Ph. 365-6832.
693-2494

‘FUTURE COMMUNICATIONS

“Ph. 352- 2670

SED GUNS bes! and sold
h or trad iat ies In,

200 L.u.'s Naturally>*

Vitam

Lighting ‘Centze- Inc.
tes Street,
not ‘Suvizable to send cash
WEEE stolons from Ke
through the mall. Classified | PP Nes ed onnbig ay
Bing charge waite be made if
f ad‘is not pald. for: seven
es after it first soon

1 charge does NO’
ply to Vina ‘Gnd MasterCard
charges,

"Action Ads Deedtine

WEDNESOAY Ch: CASNEWS
12 Noon Tuesday
SUNDAY CASNI
11.,m. Fridoy

RED
TAB
nAVE| I:

are coming

Ads Deadline

Ads" 5
WEDNESDAY CASNEWS

1a.m. Fridey

by neat

SHOPINA

FRIENDLY

NATURAL _.
ATMOSPHERE

Castlegar or call Jenice, 965-6385 °

MOTHER NATURI
= PANTRY
; 276 Columbia Av
— 465-7750

Print your Action Ad on of
separate, plece of poper ond

a Action Ads
Box 3007
CASTLEGAR, B.C,
sileyar’ News reserves
bed ‘on to classity ads under.

appropriate headings and to
determine page location.

we recently changed

To keep costs down,

to a_ bi-monthly billing

system. There have been a few problems In re-

In some

Homan Rights Act - : -the
All. advertisements such os
Help Wanted must comply
witl the British Soluay io

tenance ‘of. public decency
AND prior approval

obtained through the Human
Rights Branch).

misunderstanding of customer billings.

We apologize for any inconventence this
may have caused during the change, and thank
you foryour patience and understanding.

© west kootenay power

@ EARTH Ott home: plans’

9), RR. 2, Qualicum
VOR ; Dézons of

fOLKSWAGON Muffler fits tgon
Ms $200.b.0. Ph. 565-6951.

CHOW X pr. dominant pisehow

Sharocteriatice. Ph

FARM,
30230 Huntingdon jon RA RRS At
Abbotstord, vas M3.

Telephone ase-7908, 72

TRADING
POST

TACK & SADDLERY
Complete line of English
& Western Tack.
‘Open Tues. to Sat.
ee ra.nn, to Spm.

sed Sun. & Mon.
Panic SIDING
between Salmo & Fruitvale
; 77-7826

classified word ad
twice at regular
price and get iad
third insertion d
_.NO EXTRA
- CHARGE
7 Insertions for Price of 4
EEE

AVAIL. immed. 3 BORM heu:
baths, .. den, and rec
112-860-6411 or 112-762-8900
eves.) and weekends.

tin/2
2 BDRM besement suite. No
Aa 265-008

i duplex)
Sova, Apeindes Utilities, 365-
6538 ‘after 6 p.m. or 365+ +6204

FOR ‘SALE or rent
mobile home, turn
washer ond dryer.

Seer ee rk beet ae
ee aS
silegar. Very p

to ‘appreciate. Available. ree
mediately. References required.
Close to vee Super Valu. Recsenebie

Run your | Eee fh

nnn
APPROX, . 400 $9. ft. cor
pa

2

CEDAR MANOR: One and tw.
ts. available immed, Ph.
0F 365-7661. |“ tfn/1

Gihrurna). 18}.. $360 per,

BRIGHT and 5; 2 bd a
availcble Inpedite 500 pal

Pilea BSN te (Eees)

3-BDRM. house, fridge, stove
menth, Ph.

‘basement apt.,
fornahed ins. somal ae

two- BDRM.
overlook!

furnish apt.
private yard, avail.
mid-Dec. Private entrance, and
Parking. Ph, 365-7479. tin/96°

ATTENTION.
RENTERS

i you are willing to pay rent of
ver $350 per month, you
should phone me. | may

ts. References
7566. 7/103
‘no children or
5 3/100

FORRENT
AS AVAILABLE .

.] Batchelor and I-bdrm, suites
Kom Rota’ eer Citizens’

APPLICATIONS
AVAILABLE
otal, 711 -1th St.

for irformation,

-BORM. apt., avail. immediately,
ani Manor. Ph. 365-3204,
tin/97,

7
2 or S-bdrm, trailers tor

rent or sole. Various Brisas,

4 les conside: ir Crest

Traller Court, Ph. 367+ 74 ‘after é

p.m. tin/96 -

m.
Tox 5d S02-BDRM., 100 amp service,
news ee Tumace, 8
ch, $7,500 (nego! wioele). oh oe
3155.
10X40" GENERAL, fr wore
oll oll heat, $4,500, cs

arly

1977 20° ALIO trailer. 365-5543.

“HOUSE. KEEPING ‘units, Fully fur-
nished, includes minor pours eee
c.

See? late’ finer towel

for tesah per
tors, ‘etc. Excellent rates, include

heat, light a: se geet oF by
onthe P th, Ph. 65: 5000,
ones ergy so/2t

z BDRM.
acres in Rebeon ‘78/me, on
Ray 365-2! /VO1

FURNISHED carpeted, 2-1 bdrm...

% 50 frailer-in quiet Castlegar area.

Available now. Ph.
: fin/as

downtow!

HEATED, pea ar “Tagiahed z
Hit Te

Castlegar. Ph. 365- br
*3-BDRM. mobile home (Robson),
Rew gas furnace, $200/mo. Ph
7 (eves ##n/109
2-BDRM. opts. Ph. S652098,
t#n/06
Our Action Ad Phone

Number is 365-2212

Wed tp $800, wil tate
1. 4 8 : m1

6 te ick. 365-8220. =
raed ALA, 2-dr.

* « gytaczoew. point, fnew $0500, 500,

SEE No. 7 U;
cis Upholstery,

aw 3201, sxcallent cond., ;
ie mileoge, 399. W2
1978 BUICK Sopows ve, s
3, p.b., $5200 0. Bas.

Se Soon mn very
goodeond nas bags

'8 PONTIAC Parisienne nen ex-
tallent cond., with only 56,
miles. Numerous aeiicne incl.
ae plus 4 winter tires
ale! for auick. sale t below
oeso75 ae

may ia age .
‘thn/2

market value. Call
orges-a128 sveniny

§L_TELEOCTE DIRECTORY

Te 1 BEDRO Some ‘apartment for rent,
Fab, 1. Ia Oglow Subdivision. Ph

Large 3 bdrm. apts., full
basement, newly 1 renovated,
located on 7% a ,
park-like ke eating, 3 Share pur-
ry. Membership

y opeliation énd ond inter.

in

te the benefits pie =f member
Inagement a jo rents

at a Woedland Park Housing Co-
op.For information call: 363-

a or le

JBORM, houss with 2 bdems. in
basement with acreage in Rab
son, Ph. 365-5 3
2 BORM. ing ‘qgcommodation
mostly furnished. Ph, 365-5282,

NEW 3 home on a short
term basis. ‘contact Castlegar
Savings Credit Union. he 68-

ian ‘FURNISHED one bdrm. apt.
in Castlegar, Privat
pets. avail. ni

‘ONE bdrm. basement suite, quiet
non smoker preferred. Ph. 365-
7329. ei

EVANGELICAL
FREE CHURCH

=— Fellowship.
— Worship
Bible Study
Family Bible Hour
'. 9; 45a.m,
Worship Service
Sur , 11. a,.m., Legion Hall
Bible Study & Prayer ~
Tues. 7:30 p.m.
at 1201 - 1 Street
Pastor: Tom Mulder
Phone: 365-2281

_ src LICAN CHURCH
1401 Columbia Ave.

Sunday Services
8:00 a.m, & 10:00 a.m.

Robson community Church
2nd & ¥s, 10.a.m.

FOR RENT
(near Pate's T.V.)
eration Aveta al

Ph. 365-6455 o
365-6636 after 3590 p.m,

our
aA ee a
ee mi gnd Used furniture. reso gd Fi

BACHELOR “suite Burrard Ate ai
Py

spcmuard after 5 p.m. (Av

Ph, 365-6843 or 365-5842

SEVENTH-DAY
ADVENTIST CHURCH

peng

rst
einereaiter $21 He.
S847 eves. /91

COMING IN JANUARY

at our Trail location .
A HERBOLOGIST

Plan to come and discuss herbs.
Watch for date in later ads.

\Waneta plaza :
é 5100 Rock Island Hury. 364-0141
= 1117 Lakeside Dr, 352-5719
RS

Ba

1471 Columbia Ave., Trail
364-0117
Regular Saturday Services
Pastor Cliff Drieberg
365-2649

[UNITED CHURCH
OF CANADA
2224 - 6th Ave.

1% Blocks South of
Community Complex
9:40 a.m. — Singing

10a.m. — Worship

and Sunday Schoo!

Robson: 1st Sun. 7 p.m.

3rd Sunday, 10 a.m.
Rev. Ted Bristow

“ST. PETER LUTHERAN

713 - 4th Street
Sunday Schoo! 10:30 a.m.
Worship Service 9 a.m.

Pastor Terry Defoe -
Office 365-3664
Residence 365-7622
Listen to the Lutheran
Hour - Sunday -9 a.m.
on Radio CKQR

APOSTOLIC CHURCH
OF PENTECOST
below Castleaird Plaza

5 6317
9:50 a.m. Sunday School
11:00 a.m. Worship Service
7:00 p.m,
Fellowship Service
Tues. 7:00 p.m.
Cottage Bible Studies
Fri. 7:00 p.m. ,
Youth & Family Night
Rev. Ea Wegt Wegner. Pastor

2374
HOME OF es CASTLEGAR
FULL GOSPEL ACADEMY

CHURCH OF GOD

CALVARY BAPTIST

Sy

NOE
809 Merry Creek Road

Past Fireside Motel . -
Pastor: R.H. Duckworth

Farnlly B Bible Hour

9:45 a.m.
Moring Worship
1:00 a.m.
Evening Praise
330 p.m.

WED. NIGHT
Study & Prayer —7 p.m
“Church 36£-3430
Pastor 365-2608

PENTECOSTAL
TABERNACLE

767 - 11th Avenue
Pastor Roy Hubbeard
Church: Ph. 365-5212

Early Morning Service
315 a.m.
Sunday School 9:45 a.m.
Morning Worship 11 a.m.

2404 Columbia Avenue
Church School

9:45 a.m,
Morning Worship
lam.
Pastor Ira Johnson
Phone 365-6762
GRACE PRESBYTERIAN

2605 Columbia Ave.
Rev. Harvey Self
Phone 365-3816
Sunday School 9:45 a.m.
Worship Service 11 a.m.

e 365-8337 or 365-7814

ST. RITA'S CATHOLIC

Junior Cong. & Nursery
Bible Study Mon. 7:30 p.m.

ig Service
6:00 p.m.
Wed. Bible Study
7:30 p.m.
Saturday: Young Peoples

Rev. Michael Guinan
|. 365-7143
Saturday night Mass

Sunday Masses at
8 a.m. and 10.a.m,

ST. MARIA GORETTI

Genelle — 12 Noon