AZ _CASTLEGAR NEWS, February 13,/\ 11.78' Addition’ es over $10,000 Additional 4% over,$50,000 NORTH AMERICAN LIFE ASSN. Open Saturdays BERNIE MASSINE , 365-6161 or 365-: 2416 278 Columbia Ave. Castlegor urday and a ‘former. army chef was arrainged on charges of mur- dering one ‘of the victims, Dennis’.Nilsen, 87, was charged with killing Stephen agi A plumber found rotting chunks of Sinclair’s body and of bodies in what is cnegigen as). one of the biggeat saree mi “der cases in, British his Press, Association, Brit- ain's domestic. news agency, quoted detectives as- saying some. human remains ona ough, 4 take.at leant # week more to finish. Then detectives would last have been boiled. “But! is. spokesmen, have refused to. eontirm the i Briiatis strict: lay trial publicity, 5 . FINDS BONES On ‘ Saturday, «the man ~ leading.the hunt, Det. Supt, London Nona nonae last d later Norman'Briers, said a “con-' siderable number" of bones ee ait ® For Top or Rear Venting Stoves INTRODUCTORY SPECIAL ported finding other body |, parts in Nilsen’s rooms, Police then begar going through another ‘north: Lon- GROCETERIA & Just $199.95. > a. . Buck Haven S Sales & Service” Waneta Road at Beaver THE OUTDOOR POWER EC CEqUIPMESCT CENTER FOR ALL SEAS! “WE SERVICE WHAT ese We also offer a complete. range of fine wood” Fireplace Inserts, |, LAUNDROMAT .. at's available FREE at I ‘Kootenay. Savings” E/ Credit Union | TRAIL SOUTH SLOCAN 359-7221 FRUITVALE NAKUSP _ CASTLEGAR NEW DENVER 358-2217 SALMO | 957-2217 . WANETA PLAZA 368-8291 ha “THE BASICS” Is a handy booklet that explains our Registered Retirement Baton Plan In sinelty everyday. languege. 368-6401 367-9223 385-3375. -human: — had bean: found, at. the ‘second. . house; Dane appeared to be from:a hip and another. was part of a rib,’ Briers. said. Some bones’ appe employed ‘at the Kentish : Town ‘job ‘centre. for ‘six. policemen - who “he blanket to shield’ from months, arranging state: aid " Seotland Yard, the London: | police headquarters, ‘r ported ‘its switchboard jam- med with calls from parents who': have’ lost touch with | hildre: - all | fearing. cent:this ‘year: capital expense section of the budget for. emergency teplace- ‘health charges ind fees paid to. ments, ‘Approximately $172,000 has! allocat thi they were buried. .under about 30 centimetres of soil, he said ue estimated, oer *Nolabbchs: in the Crickle. ;, wood, district. said.‘they re- ‘called seeing a man lighting bonfires, in the backyard two is the time of yea: to tell the one you hold erat di ropaire aad maintenance, section of the budget was drastically reduced this year to enable “the: lineon: operating costs. For: exatnple, funding for. ‘aipment has been, to $31,340 from $102,020: As well, salaries for. maint “employees have been cut by $28,710 to $398,040. The éut in. maintenance salaries ‘was largely.’ through installed, they, can. provi ypes -of alarms are equalt }o not the pre- Do nat ‘ve-onter the ‘hou has cleared. wes: time getting dress ‘ing ‘allow arranged escape plan ond ge out of - © Call she ire department froma neighbour’ meeting ‘place ‘inti the tire is out and the smoke hi ‘s house, ‘not from’: section of the capital expense bu ' “We've cut back on that and ‘hopefully: 8 half a dozen motors blowing on us,”.Dascher said. to the that bus conversions from gas to propane ‘should help reduce uch the jahone irda kick in for! a> current finance formula, the pabohcast -decides ‘what | percentage it will pay and the remainder must be ) picked up. Teall. ‘ Meanwhile, Dascher says property agsessm anthers mee : board's move | By CasNe wa Staff istlegar and: District The: id, Teachers’ Association execu- ‘And, ota cat | : Mexico's ambiti for © plan in your REMINDER . For. Your — ‘Shopping Convenience -HOMEGOODS FURNITURE WAREHOUSE ~ (Sunday, Feb. 13) -_ Noon to 6pm proble standstill. When President Reagan was elected, nuclear propon- ents ‘rejoiced, The president promised to. speed up licen- sing, promote new technol- “ogy: for breeder reactors, ‘solve’. the waste disposal id ease export F res- But. even with a champion “in the White House, nuclear power,faces hard jHimes. and... SPECIALS FOR YOU. has fallen sakes to, that. tive’ says it supports’ the school'board’s move’ to defy © the provincial govefnment’s » Friday, CDTA president Bob Cacchioni said the executive woild like to congratulate san, Gdinirbasaent ios the board for its decision-to there is a silver’! ‘The Atomic Industrial For- “um, an indistry lobby group, points. to ‘the “passage © by. Congress in December of the: Nuclear Waste ‘Policy Act as’ | acritical step in breaking the? unofficial moratorium on new reactors in the U. Joy Keillor bridge The Joy Keillor Bridge Club this week saw 18 pairs. _compete Feb. 7 for “Beat the Champs” with the. following results: Average 60». Mary Stewart subimit ‘an ‘operating budget ‘that is more than $480,000 hove the government's lim- it. “The bnscutive has asked ime to ‘extend its congratu- lations to'you and the board on its decision to come down with a-needs budget: We feel , that this move by the board seen demonstrates the ‘board's concern for education in‘ School * District” 9," “the letter sald. : : It went on to say that this “positive: move” could ‘be ex- tended to the establishment ‘ofa “committee: structure.” ‘The fetter nated that'en'gall. 21, -the; association's" execti- tive suggested that five com- mittees be set up:this March to allow’ *CDTA ‘input’ in school district policy and. budget: decisions.” ‘In an interview Saturday, Cacchioni said he has not yet been approached * by’ the board to organize’the com- _mittees, “We're all ready to go. But that hinges on whether ‘the board wants to go with the committed + ‘aeructure,! he said. LA COURT NEWS a, In Castlegar ” provincial court’ this’ week, William Hermakin was fined $200 or 10 days in. jail, and ‘six months probation with con- ditions - for - possession “of “stolen property.As well, he ‘was fined $100 or five days *Firs' Monday, Tuesday and Helen Batchelor’ with for mischief and $100 or five 714%, second was Ted Vock- eroth Sr. and Joyce Woodske with 6942, third was Heather Pottte‘and Rita Perrier with 68%, fourth was: Joy Ram- -sden -and. Judy ‘Sheppard with @8. fifth “was. Donna: char and Jan Glover with wi r é 65,'sixth was Keith Gray and Louise’ Whitehead with 62.” days for breach of $400 or 80 days for impaired driving. | Roper Steele was fined $50" for failing to remain at'the seene of an accident. et ee eee 1 John Mangialaio was fined $400 or 80 days for fallure to: . 2 * * . Joan'Hall was sentenced to six months probation with conditions for theft over $200. ° * 8 « Kim Tipping: was ‘fined submit to a’b * * * + Jackson Wilbert was fined $250 or.80 days for ‘driving ~ with a blood alcohol count over .03, La oc om. Guiseppe Cuomo was fined “$100 for failing to remain at the scene of-an accident. ‘CARTES BY THE» 27 7-Columbia Ave. CASTLEGAR = SATELLITE TV. .24 Hour Movies 24 Hour Sports 24-Hour Hews 24 Hour Music. a Hour Weather [ YOUR CHOICE T.V. 24 HOURS PER DAY . *3295, a) Hour Health Network 24 Hour Christian * Network 24 Hour Stack Market ~ SEE IT TODAY ' CLEARLY AT: LINEAR ELECTRONICS Ss" WE SERVICE WHAT WE SELL 642 Baker Street Nelson © 952-3624 Provincial: “election victoRIA” es ‘VERT TU . ke. Mount st. Helena 350 | kilometres to the: south, anes machinery is showing _ signs of ‘activity in British Columbia,” A political eruption looked possible last fail but a cool ° economy pulled Premier Bill Bennett back from the brink: ‘ of calling a general election. The election machinery which atopped inthe fall now is rumbling again as the two major political parties in --f ‘BC. prepare for battle. The Social Credit administration is filling “the that _ times are hard but the government is working hard to get B.C. on the road to recovery. Dovetailing into this | ‘campaign is advertising by a, group of business people called Team B.C. that says it is trying to stimulate positive thinking in the eronomic community. “It’s the most partisan kind of advertising Tve seen 4 in a long time," said NDP provincial accretaty Jeo a Denofreo. The government is sitting on a $70,000 . poll ‘that asked British Columbians whether civil ‘servants should be fired, the human rights d and PREMIER GILL GENNETT : fuelling election speculation — | ers to ‘enaure all candidates ‘are nominated: as soon as _ possible. . Even chief electoral officer Harry Goldberg fueled election speculation when his Office started | urging voters: to register! Goldberg was quick to say it is.a routine hospital care cut.to reduce B.C.’s billion-dollar dificit. It also is spending thousa and advertising as Finance’ Minister Hugh Curtis, ~ Industry Minister’ Don Phillips: and ‘other’ cabinet j of tax dollars on travel ministers try to turn borrowing into an asset by selling $160 million in B.C: Development Bonds,’ TOURS PROVINCE Bennett is scheduled to tour the province during the’ next two months to take the pulse of the electorate and try to determine when he should seek to renew his mandate, which expires in May 1984. He urges support- to update the voters’ list. Observers are convinced that B.C. is only an issue and a good opinion poll away’ from a general election. - Denofreo says his party is ready, and has nominated candidates in all but two ridings. Current standing in the ST seat legislature is Social Credit 31, NDP 26. i The Social Credit election machinery’ is ready anytinie the premier calls the election, party executive director Jerry Lampert said in’ an‘ interview,: but’ candidates ‘are needed in 19 ridings. Lampert said the party is concentrating on giving Bennett a higher’ profile. Lions Bay slide kills two VANCOUVER (CP)— The threat of further devastation in the slide-stricken village of “Lions Bay,'.10 kilometres north of. West. -Vancouver, subsided Saturday as torren- tial rains eased off to a few showers and work crews be- gan cleaning up the mess. Early Friday, a. wall of mud and debris thundered down Alberta. Creek,,,which cuts through: the tiny. community, smothering .two teenagers sleeping in.a small trailer, erushing several houses and knocking out a bridge, ‘for- ‘pected to be opened for traf- fic later today, said a spokes- man for the Highways Min- ist The rampaging creek also washed out the B.C. Railway ‘line, but it was repaired and : reopened Friday afternoon. The two youngsters killed in the trailer wore identified as David Michael Wade, 19, .and Stephen. Thomas Wade, 18, both sons of-Lions;Bay } Ald. Mike Wade. As: rubble continued to cascade down the creek Fri- dey morning, Gord Prescott, cing closure of the ous Squamish Highway. Residents in at least 40 homes along nearby Harvey Creek were warned by the Environment Ministry to leave their homes until the danger of further floods and slides had passed. A temporary Bailey bridge was being constructed over Alberta Creek, and was ex- imoas the first rescuers to reach the alderman'’s home which had been knocked off its foundation. Prescott said Wade and his wife had left the house but their daughter Shannon, 18, was.trapped in the basement between the floor and a col- ° lapsed wall with less than 30 centimetres of space. . MONTH-LONG TRIP was said The rescuers first had to find her.. “We got a chainsaw ‘and ‘ began cutting a hole in the floor,” he. said. They worked for ‘two hours, lungs filled with gyp- roc dust, while a firefighter kept watch for further slides. “We knew all along we would get her out unless the slide one down again," _ Pail ‘The Se woman. was aa freed but was “amaz- ingly calm” and had received only a few minor cuts, he The warning to residents near Harvey Creek said that, due to heavy snowpack and continuing rain, there may be a hazardous condition in the upper Harvey Creek water- shed. WOULD PAY COST A ministry letter to resi- dents indicated the provincial government would pay ac- commodation costs for those who left, and requested those - remaining at home to advise the municipality they were‘ staying. ‘The flooding was caused i in part by heavy rains which fell on most of the. southwest part of the province Thurs- day and Friday but by Sat- urday the rain had decreased to showers. . The Squamish Highway, ;Which clings to the side of the “coastal mountains along the east side of Howe Sound, is the sole highway link “be- ; clearly the Crestbrook Forest In- dustries, Ltd. — hurt by de- ‘pressed: product prices and ‘escalating costs during 1982 — has. suffered the second worst loss in the history of the company and .the first Joss ; it’ has recorded since 1975. * In their interim report for "the fourth quarter period and year ending Dec. 31, Shoichi " board ch prices of lumber and pulp,” said Nishiyama and Lang: “In genoral terms, the year saw a continued erosion of product prices while costs at the same time continued to escalate. “Toward the end of the period, the lumber market showed signs of CASTLEGAR NEWS, February 13, 1983 -Crestbrook suffers first loss since 1975 totals in’ brackets aro as follows: fourth quarter, lum- ber, $9 million ($7 million); plywood, $1.8 million ($467,000); pulp, $12.7 million ($18.7 million); and year-end, lumber, $80.7 million ($31.2° million); plywood, $6.3 mil- Hon ($4.3 million); pulp, $56.8 million (68.6 million). . a recovery with some in- crease in pricing. Pulp prices, “chief executive officer, and Stuart ‘Lang, president and chief operating officer, told shareholders, that the Koot- enay-based , forest products _ company recorded a 1982 loss | of $6.2 million or $5.65. per common share, compared to earnings of $2.85: million or -T cents per common share in 1981. Crestbrook, formed by a joint-venture agreement in May, 1967 between .Crest- book Timber Ltd., Mitsubishi : Corporation and:Honshu Pa-* per Co. Ltd., recorded its worst loss in 1970 when the company lost $8.3 million. ‘Fourth quarter results in © 1982 saw the company incur a “loss of $764,000 or .82 cents per common share, compared Ei ’ to earnings of $947,000 or .44 cents per common share in 1981... “The results of 1982 reflect d selling showed further de-, clines by reaching a, year's: low at the end of the quar- ter.” Sales. of the company’s forest products during the fourth quarter of 1982 fell to $28.46 million from the 1981 figure of $28.16 million, while the year-end sales total drop- ped slightly to $93.8 million from $94.05 million achieved during the previous year. Comparable. sales figures for both the fourth -quarter and geariend with the 1981 and Lang said, “Offsetting the erosion of prices was the effect of our cost reduction program. all Fort Macleod Plywood fac- ility operating. “Production and productiv- ity records have been made in both the Cranbrook and Canal Flats Sawmills. The Skookumchuck pulp ‘mill ex- perienced equipment failures that resulted in slightly re- duced tonnage for the quar- ter.” Nishiyama and Lang" ‘con- tinued by saying that it is ex- pected 1989 will show im- provements have been made to make the company highly’ - efficient and productive. Without these changes, loss- es would have been consid- erably’ higher.” Operating costs in 1982 rose to $98.7 million from $87.8 million in 1981. - “In general, production’ and eperating ievele were over the last quartér of 1982, “Housing starts have im- proved in the United States which should bring a stron- ger lumber market. Pulp prices are expected to im- : prove during the year but to what extent is unclear, “The company will, how- ever, continue to exercise restraint and resist all cost and Lang. ome Cresta Baw: mill remains closed with the KISSED CAPTORS FEET with great effort in order to remain viable,” con- cluded Nishiyama and Lang.” Bandit queen jailed © BHIND (AP) — Phoolan Devi, the notorious bandit queen of central ‘India, laid down her rifle at a formal ae 3 Polls say . Tories popular TORONTO (CP) — Three weeks before Progressive Conservative Leader Clark resigned his position, the Tories showed their highest level of popular sup- port since the heyday under John Diefenbaker, suggests a Gallup .poll “released Sat- urday. Nr : In the January survey of. more than 1,000 people, Gal- Iup found that 49 per cent of respondents favored the Con- servatives, while 81 per cent tween V and the Whistler ski resort. AB.C: Rail said pp the Liberals and 20 per cent preferred the »New Di Party. extra runs to Whistler had been scheduled because of the highway closure. ~ In Whistler, Mayor Mark Angus said the’ ski -resort could lose as much as $500,000 this weekend be- cause of the highway closure. Queen begins royal tour LONDON (REUTER) — Queen Elizabeth begins a month-long official trip this weekend that will include a tour of the Pacific coast of North America and visits with U.S. President Reagan. Ten days of the journey will be spent in the United Coles Notes States, where the Queen and Prince Philip will pay their first visit to the West Coast - at Reagan's invitation. The trip ends with three days in British Columbia before the Queen returns home March 11. Between formal cine controversial VICTORIA (CP) — A rib- ald passage deleted, from a Coles edition of Macbeth used in Grade 11 classrooms in B.C. will be returned to the Shakespeare play, the pub- lishing firm has told the Edu- eation Ministry. The Coles edition eeMoved notoriety last. month wh Coquitiam parent complained that the porter’s rae bawdy passage in Act scene 8, was missing. She learned about the de- letion from her seh, who was studying the. play using the text and a record supplied by his school, The passage was included on the record. In the 11-line passage, the porter muses that alcoholic beverages at first stimulate the sexual. appetite, then deaden it. “We will be adding the de- batable ‘missing’ text in any future productions,” Coles president W.E. Ardell said in a letter. to the Ministry. “Apparently the origins of the play are obscure and some Shakespearean critics question the authenticity of the 11 Hines in question,” he said. “Our edition was edited by an eminent Shakespearean critic; Dr. Sydney Lamb, who took the position that these lines were not actually Shakespeare's. As a result, they were omitted from the Coles edition. “However, as a result of the current controversy, and on further research into the. play's beginning, we have found a majority of the (mod- ern) critics to be of the opin- ion that the 11 questionable lines of text were actually Shakespeare's, and therefore should be included in the text.” and receptions and a visit to Reagan’s, Santa Barbara ranch, the’ royal couplo aro scheduled to tread a well- beaten tourist trail with a visit to a’ Hollywood film studio, a weekend at Yose- mite National Park, a sail under “the Golden Gate Bridge, a visit to an elec- tronics factory in the “Silicon . - Valley” and a call at the plant where the space shuttle was built. The trip begins Sunday when the Queen and her hus- band fly to Jamaica. After a visit to the tiny Cayman Is- lands, they will spend four days in Mexico before going to the United States and_ British Columbia. The royal yacht the visitors during lunch at their ranch and the Queen and the president are ex- pected to'go horse riding, re- peating a much-photograph- ed episode at Windsor. Tight -security -will shield the Queen throughout the tour. San Francisco, the main Irish-American centre on the West Coast, is mounting one of its biggest police protec- tion. operations in case of protests over British rule in Northern Ireland. The security worries in San Francisco follow an in- cident in 1979 when demon- strators threw stones at guests arriving for a recep- tion for Princess Margaret. For the Conservatives, the January poll represented an increase of three Feresstage points from their i Sat day, kissed the feet of her captor and then was carted off to jail with 25 of her cohorts. Thousands ‘of villagers travelled on foot and by cart for a rare look at the woman “who had terrorized _ the Chambal Valley in a three- year crime career that made her the most: notorious out- law in India. ‘The. 26-year-old ‘ woman, seen by few people but glam- orized to the point of legend, emerged in public as a short, slender woman with shoul- derength leek chair and, ck eye She, gave herself up to po- lice Thursday night, an offi- cial said, but did not formally surrender to Madhya Prad- esh Chief Minister Arjun Singh until the elaborately staged public ceremony Sat- ys Phoolan Devi — accused of more: than 60 cold-blooded slayings, armed robberies and it * the December ‘poll (46° hae cent). Liberal’ support was - unchanged and the NDP was down about one point. Sup- port for other parties was also down about one point. While the, Conservatives showed a_ three-point increase, the difference may not be significant. because a sample of this size is accurate only to within four: per- centage points 19 times out of The January poll also gave the Tories their highest score since April, 1959, when Dief- enbaker was prime minister and they’ attracted 60: per cent of Canadian voters. . OTTAWA (CP) — Leaders of six major Christian de- nominations who have asked Prime Minister Trudeau to disallow cruise-missile test- ing in this country are urging their members to write to their MPs protesting any will be a base for the ‘Gants as they carry out their official duties at ports of call along the Pacific coast. They board the 4,715-tonne yacht at Acapulco, Mex.,-af- ter calling at the Caymans, a British Caribbean colony. After four days as guests of Mexican President Miguel. de la Madrid they head for the U.S., reaching San Diego on Feb. 26 in‘time for lunch aboard a navy aircraft car- rier. RECEIVED INVITATION Reagan invited the couple to California last year when he and Mrs, Reagan stayed for two days at Windsor Castle. The Reagans will entertain Local Irish-A ‘ican lead- er John Maher has said he expects up to 20,000 people to take part in protests dur- ing this visit. In San Francisco Harbor, aboard Britannia, the Rea- gans will celebrate their Sist wedding anniversary and will be the Queen's dinner guests: They will spend the night on board. After a private kend at role in the build- up of nuclear arms. Ina letter addressed to the Churches in Canada, the leaders say they reject any assumption that a nuclear ‘TORONTO (CP) — A sur- vey of Canada’s new foreign banks indicates that reces- sion-plagued 1982 was-much tougher on them than ‘on domestic banks. However, analysts’ point out it’s still too early to get an accurate picture of how the foreign banks’ are faring in Canada because all have been operating for less than 18 months. “The survey conducted by ment defence policies. on a specially built outdoor platform. She symbolically handed her Mauser 316-mm rifle to Singh, then knelt be- ur- fore him and kissed his feet in a gesture of feudal obeisance. The dering bandits Phoolan Devi told reper: ers she expected the author- ities to grant 27 demands in exchange for the surrender, starting with a commitment that they not issue a death - and var- included, Phoolan Devi's” lover, Man Singh, 28, six other male members of her gang and a rival 16-member gang headed by bandit king Shanshyam Singh, 33. Amont them was another woman, 30-year-old Munni Bai, who wore her hair in a Pigtail. An unruly crowd of 5,000 watched the ceremony in this frontier town, 290 kilometres southeast of New Delhi. Some onlookers shouted sar- castic comments about the bout’ 800~"polies~’ imain-” tained security for the cer- ‘emony, held on a specially built platform at the local college campus. : Neverthe- less, an outsider managed to grab the microphone to crit- icize the government's hand- ling of the affair and accuse police of paying the bandits a $100,000 bribe to surrender there instead of in nearby Uttar Pradesh state. Canada’s largest accounting firms, said 11 of the 55 for- eign banks suffered losses last year, and only a handful earned a respectable return on capital. a The Midland had the larg- est loss, $1.88 million, and Citibank Canada recorded the . biggest profit, almost -$5.8 million, said the survey. By contrast, all the top five domestic «banks recorded Profits in 1982, with earnings f. ranging from $267 million for of the for- While edging Can- ada’s role in NATO, the western military alliance, and the protection afforded by the U.S. defence umbrella, the letter says the gov- ernment also must make its own decisions. “We urge the Canadian government to follow a path of its own choosing, a path that represents the will of the people it is elected to . ” ‘ war “We encourage you to write to your member of Parliament: to express your conviction that the moral and ethical costs associated with (C: icity in the a hotel in Yosemite National Park and a brief visit to Se- attle, the royal couple head for Canada on March 7. Britannia will call at Vic- toria. and at Vancouver, where the Queen will see preparations underway for the world transportation ex- hibition, Expo ‘88. nuclear arms race are too high,” the letter states. The letter follows a Dec. 14 meeting with Trudeau and opposition party MPs when the church leaders urged Ot- tawa to disallow the planned tests of unarmed cruise mis- siles while expressing their “deep concern” over govern- The letter was released this week because of the “particular urgency” sur- rounding the cruise-missile proposal, the church leaders state. They say Ottawa's de- cision wil} stand as an im- portant symbol! of Canada’s position on the arms debate. The government is expec- ted to sign a new defence umbrella agreement with the U.S. perhaps this week cov- ering weapons tests that will . pave the way for a separate pact on the cruise issue. He ‘banks is their return on equity, a measure of what the foreign parents earned on their Canadian investments. For the biggest banks, re- turns ranged from 10.5 per ithe Sep of of Montreal to,$957,.” thé Royal ious conditions for a safe and reasonably comfortable life in captivity. Deputy . Police. Inspector General M.D. Sharma told. The Associated Press that no promises were made except that “she will get humane treatment, the legal process will be followed and anything due her under it will be given her.” GANGSTERS SLAIN Another official acknow- ledged the state was going de } stagetevent: ov were “pet = gallong, with J police ‘protection-of /her-rela- ven and holding of her trials in Madhya Pradesh state, where she surrendered, ra- ther than nearby Uttar Pra- desh, which is noted for a tougher attitude. Phoolan Devi lost 17 of her men in shootouts with police in Uttar Pradesh since 1981 and apparently feared she might be slain if she tried to surrender there. ~ Foreign banks find it tough cent for. Morgan Bank of Canada and 10.3 per cent for Bank of- Tokyo Canada to minus 14.8 per cent for Bank Leumi Israel and minus 11.9 per cent at Midland Bank. The group averaged about four per cent, with Citibank at 6.9 per cent. Analysts said the foreign banks’ ‘poor results were partly caused by the costs of starting up operations, squeezed profit margins on corporate loans — the bulk of 'th.eforeign banks’ lending — and recession-induced loan Bob Gay, a bank analyst ith ~=Dominion « Securities -Ames Ltd., said profit mar- gins on loans fell to histori: cally low levels in 1982 as in- terest rates on money mar- kets, the primary source: of foreign banks’ funds, moved close to the prime lending rate. As well, foreign banks kept rates lower to attract new business. Selkirk College appointments By CasNews Stafi Basil McDonnell of Trail along with Fred Merriman of Castlegar, has been ap- pointed to the Selkirk Col- lege board for a two-year term. The appointments were. made by Education Minister Bill Vander Zalm and the terms expire Dec. 9, 1984, McDonnell is a project supervisor with Cominco in Trail. He served with the Royal Canadian Air Force during World War II and is a chemical engineering grad- uate from the University of B.C. McDonnell has worked for Cominco since 1948 and recently retired from the Trail school board after 14 years as a trustee. Merriman, an accountant for West Kootenay Power and Light company, has lived in the Kootenays since 1954 and lives with his wife and family at Blueberry Creek.