*

SNOW TRAILS ccna d

SALES & SERVICE
502 - 12th Ave., Genelle
693-2382

During this period of fluctuating interest rates, small
investors may find it worth while to look into
Government of Canada treasury bills, traditionally an
ins' of big but now in smaller
denominations.

one-industry town

Small ig the operative word in Annis’ vocabulary when -
he talks about his native town and his full-time job as mayor
of a village'that is fighting back.

“We don't want to be a metropolis — there's no way in
the world that we want to be a metropolis — there's no way
in the world we want to be a town. We want to start a
little village and enjoy the life of a small community.”

re. Call A.
661.8140; Ty 900-461-8140
BC mM

a spoki for the C Associa-
tion of Canada advises: beware of your broker's sales
piteh once the bills mature and remember that sometimes:
treasury bills — T-bills — are not worth the hassle with
just a few thousand dollars to invest.

by Lynn Johnston

| GOTTA HAVE SOME
GUM ANYTHING!

25% on ant 15%

T-bills, are virtually risk-free because they're backed’
by the federal government and generally provide higher
yields than other short-term investment vehicles. They
are now being marketed aggressively by several of the
country’s major

A spokesman for Merrill Lypch Canada said his firm
has been selling T-bills to people who have never
chore invested and in the last few months sales have 3
picked “dramatically” because of uncertainty &
sorsunding the direction of interest rates.

AUCTION HELD

T-bills are the federal government's way of raising
day-to-day money. Every week, the Department of
Finance reviews its anticipated needs plus existing bond &
and T-bill issues that are about to come due, then notifies
the financial community what it needs. An auction is held
every Thursday, with major investment dealers and
chartered banks bidding for allotments for their own
accounts and for resale to clients.

T-bills sell at a discount and mature at par or face
value so the highest bidder — providing the best price for
the government — wins the largest amount.

Although some brokers and chartered banks sell
denominations as low as $1,000, many advise that
amounts 6f less than $5,000 are difficult to buy and sell.
The bulk of bills trade in allotments of at least $100,000,
with terms ranging from 30 days to one year.

Brokers and banks will calculate what rate of
interest you can earn by tallying the difference between
the discount price and face value.

RATE HIGHER

The rate often is substantially higher than that
offered on a term deposit. For example, Merrill Lynch
offers 30-day T-bills for a yield of 11.9 per cent, 60-day at
12 per cent and 90-day at 12.15 per cent.

Meanwhile, the major chartered banks are paying
interest of 10 per cent on 30-day and 90-day term deposits
and 10.5 per cent for a year. Savings account rates are
lower although most of the major banks offer special
accounts that boast higher interest payments.

Term deposits also lock in your money for a set time
while the liquidity of T-bills gives the holder the option of
selling them for a smaller gain if cash is needed
immediately.

declining world markets and
thrown out of work. “The closure of the Georgia-Pacific mill

Mill workers

CLOSES MILL
But in 1981, Georgia-Pacifie shut down the mill citing
t, 270 men. were

MEN’S SUMMER

— BALL GLOVES

federal government's Industrty Labor Assistance

But the last of the grants supplied under the plan has just
run out and Annis says that unless more industries locate in
McAdam, people will start to leave.
CONSIDERS PROSPECTS

Since losing Georgia-Pacific, the town has managed to
attract four small businesses, the largest employing about 60
people. It needs more, but Annis will only say there are still
“several irons in the fire.”

One of the most ambitious schemes is the proposed
development of McAdam as a tourism centre, using the
picturesque railway station as a showpiece.

ALL
—Boot
— Ski
—Travel
Bags
30% ott

Ski

WEAR

RA DiBELLA HOLDINGS LTD

247 Baker Street, Nelson Ph. 352-6912

200 ONLY

Men’s & Ladies’
Ski Jackets

SUN ICE — JARD! — FAR WEST

$8 goo

Values to $250

FIREWOOD for sale.

Tamarac. 365-8167

ELECTROLUX
condition. 365-63):

= lg 51500 tach,
Also coal, beet. 359-7793

OLD McCLARY, coal and wood
stove. Good condition $300. 365:
3629 3/75

tS. all wool

112-3605551 atter 4 p.m.

Furniture on Sale!
Phone 399-4793

NEW 1963. used twice;
fo Moyen CS2, skiis with Tyrohe
. 365-2508

split,

timer),

I
Demand
the best!
Largest selection

100%

SOMETHING 2 POT

NATURAL
VITAMINS

HIGH Savings Rates Fed

LOW Loan Rates

l, |

rm Deposits
(improved Plan 24)

Mortgages. Personal

Kootenay Savings

Credit Union ~ Sees sci

only ot
MOTHER NATURE'S
PANTRY
Downtown Castlegar
365-7750

popered,
$75/squore
also apply, on
7/72

s.

J. CERAMICS. Taking registration prices. 112-
365-6608 3/75

lore,
97-7608. ttn/31
ust Boece ght a
trode. Hordware.
Rosslond 112. 382: 171, Ha/9S

UUGHT BLUE CANOPY for smolt
truck. Harrowsmith airtight
Us

-15 pick-up. 365-7321 75 fireplace, insert. Used one-year

365-6676 after 5:30 p.m. 7/74

Run your

WEEKLY SPECIAL
Aluminum
Sheets
24'A" x 36"

}to 12 754 Each

13 to 24 — 606 Each
25 or More — 50¢ Each

registration for tall closses

plies. 365.
WiFA ¥EA Figure, skates. size 8%. Ex-
365-235

THIS WEEK

HerSp.m. 3/74

&@ RR CERAMICS taking CASTLEGAR NEWS
now. 197 Columbio Avenue

reenware for sale and su
phe A Castlego

Ment condition. $170. ees, (RATED ond wired sh:

Seediess

lassified word ad

twice at regular

price and get the
third Insertion

NO EXTRA
Q CHARGE
7

Insertions for Price of 4
S

THE FOLLOWING BUSINESS
THES

Exist Pa our petals ity: Car

dealerships (new & used); Junior

riment store; Shoe sales

Sepsis Elec
Furniture store;
Agriculture Machinery

veed): Western Wear &

hop. Further
Biatri of Cl ,

ent Committee, P.O.

box 35 Chetwynd, B.C. VOC 10
16

FREE MAIL ORDER Catalogu:
containing 3,000 artist material
‘and photographic supplies. Save
20 - 50% on brand names. Write
or phone Opus Froming, 1360

Phiey ) =

furnishings inchuded
Call Ann or Sonty at
5577 Gull Islands Realty or P.O.
Box 750, Ganges. 8.C. VOS 160
Z

THE CROWN OF LIFE, Box 3533,
Mission, B.C. V2V 4L1. Heving
difficulty? Write tor “tree casset-
te". Also assistance for Christion
goes! ley churches the

C. having financial tr

INGERSOLL RAND FIVE H.P

three essor. AM
MCO brake lathe and ac:
cessories. Nortron 7300 balancer
three-phase. Alemite oil/lube

ps, hoses and metered con:
trol valves. Hunter Lite-o-Line

TRAVEL
SeRnce -~AL
SA Ae

ett
*GINE US A LIST OF PLACES
WHERE THE NEWSPAPERS
600 CLASSIFIED SECTIONS.”

pressor.
machine. 112 woo. 183-3946 ‘at
ter tive.
HOME-SEWERS broaden your
fabric selection and save
Sterling Collection offers workd
foomen te fabric selection. in.
mation send $3.00 to P.O. Box
tor, Postal Sin. “A”, Delta, 8: c

Owner
rae Abe 4551 Easy Alo

SEW MUCH WORET Mall Soe: for
home sewers. Have established
retail outlet. Fabrics, patterns,
notions, etc. EXCLUSIVE nations
matching service available. Or
ders within 48 hours

Johnston
Island),

3S1. 112-688-0388 or
call toll tree 112-800-663. 1238

PROVINCE-WIDE
CLASSIFIED

ONLY
s9o9

Call us

PUREBRED
regist

Maltese, shih
Chows, ‘Bossets,
tes, Atghens,
Shnwwere. . Poodtes

PUPPIES, AKC
os

weekly “win

Shorts — Tops Goggles

OP — Sun Ice — Nike

MEN’S & LADIES’

‘‘Schneider ales

for detotls |
Chessitied

— CLOTHING

RENT

are ‘foolish’

VANCOUVER (CP) —
of the few worker-owned

dustry had discouraging
words Monday for another
group of workers who want
to buy the mill that once
employed them.

“I think they're being fool.
ish,” said president Bill Jones
of Richmond Plywood Corp.
of the proposal by former
employees or Victoria Ply
wood to buy the Vancouver
Island plant.

“If they'd done their home.
work and got proper studies
to look at the future of
plywood they should be ques-
tioning it very strongly.

“You're dealing with a
product line that's going to
diminish in production. More
wood on the market is going
to make the problem worse.”

But Danny MacDonald,
chairman of a 10-member
committee proposing to re.
open the plant, dismissed
Jones's concerns. He said the
mill has nine written orders
for plywood and more where
those came from

“Right now we have the
orders to start up the plant. I
know there's a market out
there. We'll have no problem
getting rid of our wood.”

He said he was commit
ments from AFA Products in
Cloverdale, B.C., and Nor
land Forest Products in Rich
mond for a minimum of 30
boxcar loads of the plywood
per month and a possible 60
loads.

The ailing plywood -in
dustry, which was once able
to command premium prices
for its Douglas fir product,
now is suffering from high
manufacturing costs and an
onslaught of cheaper substi
tutes on the market, such as
waferboard made from wood
chips.

MacDonald said the Vic
toria plant will make pro
gress against the financial
problems if its request for
decertifiction from the Inter
national Woodworkers of
America is approved and
minimum wages can get cut
from $13.48 to about $10
hourly

“I sure would prefer to
remain in a union, but the
costs are just too high. We
have to take a wage cut to
get the thing on the road.”

The union has not yet
opposed the decertifieation
move.

The committee has reques-
ted meetings with the federal
and provincial governments
to see $5.5 million in funding
to aequire the mill and begin
production.

MacDonald siad the plant
will open within a week of
funding approval from the
governments, employing four
to five people immediately

He said that when work on
a faulty boiler is completed
expected to take about a
month — the plant will
employ 130 for the following
four to six months, and 178
after that

—-SKI WEAR

50% Off

148

SWANS —
ALPINA

Stretch Pants

Fa SPECIALS

Selected Skates

— SUPER TACKS
—JOFA

Regular to $239

$990

Hockey
Gloves
HG-38

44*

* Sticks *
—JOFA
—C.C.M
-VICTORIAVILLE

$988

NO LIMIT

CHECK OUR PRE-SEASON

SKI SPECIALS!

SKI BINDINGS
SALOMON TYROLIA
109” 170 s9e°
g9% = 180 66°°
66°

WHILE
QUANTITIES
126 49"

LasT

60...0.,

Downhill SKi Poles

‘22°

Values to 59.99

Clear-Out Prices on all ’83 Skis

LADIES!!!
All Swim Wear
AND

Summer Clothing

50 of hana
O OFF =Stwice

All ’83 Model

Ski Boots

50% Off

LIMITED SIZES

2 ONLY — SETS

Left Hand
Golf Clubs

$1752

Regular
$299

Golf Bags

Special
Rack of Kids’
Ski Clothing

50% OFF

SAVE BIG!
MEN’S & LADIES’
SKI GLOVES

$4985

Reg. 39.99

u
Brooms — Gloves

Shoes

‘and Longe men's skates,
size 8 and hockey geor. 112-693.
5552 ____ 7%

SROTHERS vewing machine #0.

——.

RATES AND
INFORMATION

RATES
First 10 Words $3.15
Additional Words 15¢
2 Insertions for Price of 2
7 Insertions tor Price of 4
Special Reduced Rates for
13x, 18x, 6m, 62x, 04x
ere Also Available

PAYMENT POLICY

Payment may be made by
cash, cheque. or Vise and
MasterCard credit cords. It is
not advisable to send cosh

days after it first io” oppeors
(This $1 charge does NOT op-

ply to Vise ond MasterCard
charges.)

22°, 99

Mild White
CHEDDAR
CHEESE

TRUMPET, perfect condition with
case ond stand. Valued ot $395.
Best offer. 365-6519 after 4 p.m

3/74

THIS
SPACE | separ arua
365-5210 ——

T Gall

ees 4

All Trophic

PEOPLE'S INSULATION SERVICES.
$500 CHIP gront available tor ali
homes built betore Sep et,
1977. prone. 112-442-2697, 112.
VITAMINS = (4.278 10m?

oarauee box utility trailer $400.

PAILS

Renovation Windows
WOOD OR METAL
INSTALLED

Free E

112- hes aia Fareaeis. “fait. The
iaeene B:

lena Pet
365-2212 Wiltone

TRANS CANADA GLASS
(Formerly Southern Glass)
365-2195

ONLY

*1.50

Sale ends Oct. 1

Only at

Mother

2 5 % Off STATWONERT Sarruts |
PHOTOCOP’

3% Hel Print

EACH

YING Heavy duty oll. purpose
plastic pails with tight-fitting
covers and handles
Need cleaning. $1.50 each

CASTLEGAR NEWS
197 Columbia Ave.
Casti

WEDDING STATIONERY
GENERAL PRINTING

Nature’s
Pantry

TWO WESTERN saddles $150. ong
$200. One bridle

INGUS GAS clothes dryer “iss.

FOOD DEHYDRATORS. 3-sizea
available. Juicers, steam or elec-
tric, spices etc. for your canning
needs at special prices. Gron
Pantry. Castlecird Plaza

$40. 268-279 2959 _ 7

Castlegar

BORDERLINE

Specialists

Metal
Pre! vet $0. Brass floor lomp $8.

Gritone tone "fentdarmny Shs thes

2865 Highway Drive, Trail

368-3231

Your Automatic
Transmission

AUTO REPAIR
365-8121

3/74

Mnl74

TRANSMISSION

Well, ot
Borderline
we have the

answer

This tleman
Toso

transmission
problem.

Mon. - Sat.

10 ECE OAK dining set. Ook
de: old-fashioned

furniture ond ontiques
352-6822 7

BEDROOM SUITE. Excellent con.
dition. Eves. 359-7909 3/74

JUNIOR and lodies weight set. 55
lbs. $20. 365-6576. __w%

stoted. We will run your od
three issues. ttn /4

Feo Old heifer. Bee! strain
ttn/76

100s TRUCKS. Credit epproval by
el tor

roadway
2872 rai
no
%
AGRICULTURAL work
TRAINING opportunities abrood.

Australian
fomilies. Write, to International
Agricultur

Association

S.W., Calgary, Alberto, TC OMS
BALL JACKETS — $16.00 Up. Buy
direct from the factory and save!
Peter Upton Jacket Works. Coll
toll free 112-800-661-6461 for
your free catalogue 4/76

coming
to Trail.

L

We're giving away
MONEY

*200

CASH BONUS

OPEN HOUSE and SALE

This Friday and Saturday

We're Celebrating the Opening of our
New Sales Lot in Cranbrook!

USED TRAVEL TRAILERS TO CLEAR!

13‘ Boler

14’ Sur

14 Caretree
teide

16 Travelaire

17'South Pork
19 Tourus

l~

“NEVER BEFORE
WEVER AGAIN”

By this cor

Ski Toques WE HAVE IT

ALL FOR...
THE CURLER

Wilson — 3 cotors ALL NIKE
$ 3 5 i SHOES AT
—_ ANNIVERSARY PRICES

JUST :
ARRIVED! re s aioe : Free Courtesy Co:

& Free Towing
With Major Repairs

PRE-OWNED Sth WHEEL TRAILERS
* 28" Skylerk * 31' Boneviste
* 35’ Prowler
R.V. ANTIFREEZE

*6.50
MIKE’S MOBILE HOMES LTD.

Now in 2 locations to serve you better!
CASTLEGAR AND CRANBROOK

Transgo Shift Kits
In Stock
Transmission
Coolers

TRANSMISSION
SERVICE SPECIAL

coming
to Trail.

Reg 6.95
Special ot

— Bauer Curing Seoes
—Rainbow CurlingBrush
—AUL

avail, in rightor left hand
—Graf Hockey Skates
aziem. Hooley Tereeye DL. 5012 365-5741