Forests name

VICTORIA

Deputy Minister of Forests,
Ralph Robbins Chief Fores-
ter and Assistant Deputy
Minister, Timber, Range and
Recreation, and Wes Cheston
Assistant Deputy Minister,
Operations.

MacPherson was formerly
Assistant Deputy Minister,
Timber, Range and Recrea
tion and has been manager of
the Vancouver Forest Region
and District Forester in
Prince Rupert.

He joined the B.C. Forest
Service in 1948. He fills the
vacancy created when former
Deputy Minister Mike Apsey
resigned in June.

Robbins joined the Forest
Service in 1950 in Prince
George and became Assis

} ae @)i

the Forest Service for 17
years prior to 1979 when he
left to become a forestry
consultant.

He was a member of the
Forest Policy Advisory Com-
mittee which developed the
province's new forest and
range legislation and worked
on pew forest policies and
regulations as a special ad-
visor to the Deputy Minister.
He will take up his new post
on Nov. 26.

All three men are Regis-
tered Professional Foresters.

Roy Cullen will continue as
Assistant Deputy Minister,
Finance and Administration.

30-year mortgage
could be back

TORONTO (CP) — The 30-
year mortage, a staple of the
housing industry in the days
before sky-high interest
rates, could soon be back.

The longer terms may re
turn because of a new secur-
ity called mortgage-backed
bonds. ALthough they are
not available yet, financial
companys and federal gov-
ernment officials have been
busily meeting for months to
develop them.

The bonds are common in
the United States where they
have been a big hit among
homeowners and the invest
ing public. However, no one
knows whether they will
cateh on in Canada's $100-
billion mortgage business.

“The size of the market
may be quite different than
in the States, but it’s cer-
tainly something we're all
interested in looking at,” said
Susan Dabarno, a vice-pres-
ident of Canada Permanent
Mortgage Corp. of Toronto,
one of the participants in the
group studying the secur
ities.

Financial officials say the
outlook for the longer-term
mortgage is uncertain, main-
ly because homeowners may
be reluctant to lock their
loans in for long periods at
current interest rates of
about 13 per cent. If the cost
of money were to fall, how
ever, the situation could
change

Before long-term mort
gages are available in Can
ada, financial institutions will
be experimenting with the
five-year period — the cur.
rent limit under conventional
financing. Terms beyond this
will require slight changes
to the federal Interest Act,

the legislation governing the
mechanics of consumer lend
ing and loan disclosure.

Technically, a mortgage.
backed security represents a
share in a pool of home mort
gages. The bond holder, as
part owner of the pool, is
entitled to a portion of the
homeowners’ monthly pay
ments. .

The bonds themselves are
expected to carry a gov.
ernmnet guarantee of timely
payment covering the inter-
est and the principal, through
a stamp of approval from
Canada Mortgage and Hous.
ing Copr.

The mortgage pools them.
selves would be assembled
by traditional lenders, such
as trust companies, banks
and credit unions..The bonds
are expected to interest in-
stitutional investors, such as
large pension funds, as well
as small savers who want
securities that carry a gov
ernment guarantee and: still
yield more than federal
bonds with similar terms.

So far, the idea of the
bonds has received a mixed
reception in the investment
community. Security dealers
are keen on them because of
the U.S. experience, where
major investment houses
have made lots of money
trading the instruments.

Lenders, however, are
more cautious because they
want to make mortgage loans
themselves, rather than
merely packaging them for
someone else.

Nonetheless, all sectors of
the financial community were
represented in the talks with
government officials. They
wanted to avoid missing out
if the mortgage bonds prove
popular

CEA offers help

to small

MONTREAL (CP) — A
group of entrepreneurs has
applied its zest for business
to a venture it believes res-
ponds to the needs of small-
and medium-sized companies.

Montreal-based Canadian
Entrepreneurs Alliance of.
fers help and encouragement
to small business or people
still debating whether to
open their own firms

With the motto “Business
people helping people in bus
iness,” the organization fills a

business

void in the business com
munity that has been met in
part mostly by groups such
as boards of trade and cham
bers of commerce, said Ray
Lavoie, a founding member
of the alliance

“Something was needed
for people involved in small
business who wanted a forum
for discussion, or where they
could network with one ano
ther,” said Lavoie, who owns
a small marketing firm

Did You Know!
You can contribute to

United Way by...

1. Payroll Deduction

2. Bank & Credit Union
Deduction

3. Cash Donction
4. Mail in Contribution

Help Support
the
United Way

(strike) problem of the last 10
years. And that's not going to
go away unless it’s managed
away,” he said.

“I must say that, person-

it.

Cooke said he is confident a
settlement can be reached
with the usion despite the
fact the union is anxious to
take a strike vote and a con-
ciliation commission has been
appointed to speed the talks.

now is down to about $300

4

PEFETET PEI
ff ‘| ie
i
F
‘

iL
i
fi
I

it has to live.
“And I believe unions have

DISCOVERY

5%

TO

50% OFF

Sailing into November is
a special sale that leaves
all others in, its wake.
Discovery Day at the Bay.
It's a day filled with great
buys for the captain, the
first mate, the entire crew!
So, be there with bells on
for the most see-worthy
savings in town.
THURSDAY ONLY AT
THE BAY. PERSONAL

SHOPPING ONLY, PLEASE.

REAN

CLEARANCE SALE
All Stock
Reduced to Clear!

Rods & Reels .
All Stock.
~ Lawnmowers

+1 per HP Over Cost
HENNE'S MARINA
Castleger 365-3219

INGLIS apartment size
iryer, with stand.
Good condition. 12x12. silvery-

a
: I

Y

35% Off
15% Off
20% Off

HOTPOINT rongehood

microwave Queen size

bed, $150. 265-4091 after 4 p.m
786

GIASS FIREPLACE DOORS.

C for longbox imy

J78 winter tires on

New lition. Two 13’

fit Pinto. 365-5324

WEEKLY SPECIAL
BULBS
20% OFF

—
WAGNER UPRIGHR $1300.
Mason & Console" pianc
$1250. 112-442-2912 n/78

ers Dual Boss

PROFESSIONAL R.

drum set with zi r

365-6497 7/85
24” No. 1 HAND SPLIT, tapered,
cedar shokes. $75

delivered. Will also
root. 112-355-2283

FIVE new tires. P195x15, $225.
365-6691. 8/87

U naturel gas

Excellent con.

a

 borrel and

table. One set

bunk ‘beds. 693.2205. Genelle
37

LOOKING

PRESENTS?

sweoters. cordigons, etc
colors and potterns.
365-397

(~~ caassiee>

Rates
First 10 Words $3.15
Additional Words 15¢

15€ per word tor subsequent
consecutive insertions.

Payment may be mode by
cosh, cheque or Visa and
MasterCard credit cords. It is
not edvisable to send cash
through the mail, Classified
be charged, but « $1

be mode if

it first oppeers.
(This $1 chorge does NOT ap-
ply to Viso and MasterCard
charges.)

Print your Action Ad on @
seporate piece of paper and

Help Wonted must comply
with the British, Columbia
ight: Act. This Act

Two-Gell
PAILS

ONLY

*1.50

EACH

Heevy duty all-purpose
pleene pails with Tight-titting
covers and handles

cleaning. $1.50 each
CASTLEGAR NEWS
197 Columbio Ave.
Castlegar

8 HP snowblower or trade for air
compressor. 112-226-7206.

_ _ 3/87
1968 NOVA cor seats, bucket
seats and back seat. 1971 motor

AUCTION HOUSE
New & Used
Furniture for Sale

Phone 399-4793

camere,
mm, 135° mm, 2.8 lens,

motor , Gecemsory, $1000.
(365-7515. Don 365-7134.

In-Store

Armstrong

CHEESE
SPECIAL

© Mozzarella
© Havarti
* Gouda
° Farmers
© Colby

Check
our low
prices |

Only at

Mother

NEW 2 axles, four 6-ply tires.

electric brokes, for mobile

trailer. 112-359-7729, 112-359-
7

Gritone Taxidermy

~ WATERWORLD ENTERPRISES.

UKE NEW, 150 cm. Rossignol skir
Solomon

HEAVY DUTY cast-iron, 3-pulley
meat saw with motor
Throat 11%”. Will trade for wood
bandsaw of same size, or $500.
365-5712. 87

JUST IN TYME for Christmos.
People, all sizes. 365.
1/72

STATIONERY SUPPLIES
PHO

TOCOPYING
WEDDING STATIONERY
GENERAL PRINTING

lore,
prices. 112-987-7608 tin/3]

bereedy fortee mew... SNOW TRAILS ) eee

SNOW THROWERS

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

For Better or For Worse®

by Lynn Johnston

cos
Joey shock, 5 $30,000
firm. Phone Smithers, 112-847
9868. /

DOWN PAYMENT From
$16,500, 12% interest, 10 years
Madeira Pork th of
Pender

2092.
NICE, NEW 2.100 sq. ft. home. 4
bdrms, tiled root, lots of extras
102,000. Two cor garo;
kitchen, landscaped. tstord
area. 112-826-6678 atter 6 p.m.
68

HIGH Savings Rates

LOW Loan Rates

Kootenay Savings

Credit Union

Term Deposits
Maximizer (improved Pion 24,
Summut Savings

Mortgages, Persona!

cASTUEGAR
AND SOUTH SLOCAN

FRASER VALLEY home on
acre. Raise animal or grow o
sell

equity

. what-have-you

/88

QUALITY FRESH WHOLE

E goo
milk available at Safeway
we or

8.000 LB. Warn winch ond bum-
per. 365-3796 atterS p.m. 3/88
4 WINTERS on rims. 6.00x12. Two
3 ft. bitold doors, brand new.
365-2947 3/88
PORTABLE STEREO turntable
with two 7” speakers, $25. Reel
to reel Phillips tape recorder
with or without blank tapes, $30.
365-6113. 3/88

SELLING CHEAP. Stainless steel
bow! for Bosch mixer. 365-3295.
3/88

inyl Repair
Upholstery. 9.o.m. to 5 p.m 11g
6th Street, 3/8

5 YOUNG. ROOSTERS, $3 each.
Phone 379-4406. 3/88

READERS 1 the Castlegar News
o newspaper's mem
Borah in the BOO Yukon

san

GIRLS PLAID red winter coat,
size 6. $10. 359-7193. 3,
SNOWSUIT 6, $8

size 6, $6. Phone 365-5796.
BRAND NEW feother pillow, $20.
Phone 365-8137 3/88
CHILD BIKE. 16° wheels. $20.
Phone 365-8350. 3/87
YOUTH downhill ski boots, ap-
Proximately size 5. $20, 365
455. 3/86
You may advertise in this column
tree of charge. U

may
ticles must not total over $20
and each item must have its
Erica stated. We will run your od
lor three issues. tinal

DOGS BOARDED. Alco Kennels
Selshe. Phone 357-9964 eves.
n/ad

RENT
THIS
SPACE
365-5210

D & D PAVING
& SEAL COATING

USED GUNS bought and sold.
Cosh or trade. Wises

Hardware.
Rossland. 112-362-5171. tn/93
TOYOKUNI

osene heater.
Used ony once, will take $50 for
fastscle. 365-3716. 88
GRASS FED BEEF. Side or on the
hoot. 365-3198.

3/88

Aluminum
Sheets

24%" x 36"

1 to 12 ~ 754 Each
13 to 24 — 606 Eoch
25 of More — S0¢ Each

CASTLEGAR NEWS
197 Columbia Avenve

‘OF CAROLS
delighttut ive
Pape

WIL HAUL Away livestock ‘cor
cosses. Phone ‘By 9984 atter 6
p.m. a in/29
HORSESHOEING . Hot or cold ond
corrective. Call Jonn 365-6238
in/23

tn.
Purchase any
beet order ond o

WINTER GROWING STARTS
L halide 1000W $199.
Heater 16,000 BTU $114. Over
20,000 ts for indoor
@reenhouse and hydroponic
. tomatoes for
Lots of Christmos

$50. Send $:

ore offered the most com.
ehensive and cost-efficient

$109 per

25-word “blanket

in more than 700, os

Your Action Ad will appear in

newspapers with more than |

million readers! Call our Action

Ad number 365-2212, for details.
tin/

LOW “COST _ rooting/buildin,
sheet metal floshings, hipped
throughout B.C. Galvanized
coloured fléshings. Vents

per drains. Menzies.

Aldergrove, B.C
533. aii Fost
PROVINCE-WIDE
CLASSIFIED

ONLY

$109

for detoits!
Classified Ads
365-2212

Castlgar News 2

GARAGE DOOR. 9x7 raised
pone! Hemlock
Y

Stan
$229. Call us for ol
Needs. Doorland,
112-853-4431
PACIFIC ALL STAR Angus Show
and Sale. November 3 at Midway

Abbotstord,

ener
market. Hix
available
294-1716. Crystoplex Plastics Ltd
/

Association, Site 205, C-6, RR
jo. 2, Qualicum Beach, B.C. VOR
20. 112-752-6007 88

CONTRACTORS
Provement specialists stay busy
Livestock Auction, Abbotsto: all

from Y
or Capri Doiry. 112-743-8384.
SHEET METAL TOOLS, 6 brake 18

crimper, A
firm. Phone 112-265-4122
OO ADULT VIDEO. All titles

otected by copyright. Colortul
Cocos Cal! toll ie

@ lifetime!
Available now, original to North
America. Eur

store, enquiries welcome. Color
catologue and samples
ovoilab!
GOOD HAY Alfaita/Brome
Timothy/Clover Mix. Pure
Ti $50/ton, FOB Von
Delivery ‘available. 80
ib. squore bales. Phone Vander
hoot, 112-567-4620. Also custom
/88

Fine tuture wi
return. Large film
newest titles. $52,000
112-286-3383.
0355, Jocob-
ion, B.C. V2V 4H9. EARN $70,000 e. per yeor. In.
88 vest $90,000 for stock ip.
ment, goodwill. Radio
tronchise for sale. Great location
excellent lease, fon
opportunity
owner/operator. if

contact George Wi
Smithers. VOJ BNO. 112-847-4485

Home im
winter. Hondie the most
efficient windows on the

rotits. Cut-to-size
‘ail Wayne Byrd, 112

WHERE CAN YOU lease o truck
for only $119.97 per month? Coll
Dave Hinton collect ot 112-294.
0111 oF toll-free at Zenith 2200.
DI. 5674. /8
NEWYORK POSTERS!!! Uni

mounting available

75 each to S.F. Fine Ar.

ts, Box 6234, 1139 Lonsdale, Nor
th Vancouver, B.C. V7M 2H4

2/88

PORTABLE BANDSAW mill for

ficient than circular. Five minute
set up starts $5,000. Information
112-524-6431

a
Surrey, B.C. V3V 4H9.
J.D. 450C
dozer, 350 hours
$37,000. Phone 112-425-2628

Ui

crowler

We have an announcement to moke!
Len's Auto Body in Thrums will now be known os

MOLENS AUTO BODY LTD.

We thank all our customer for the
support we have received in the post. We ore
looking forward in serving your needs in
the future.

399-4113

Thrums

a

HOME FOR SALE

aes

Do you have
the initiative...

This handy mans dream

has all the work needed

to be done to eliminate the
necessity for a down payment.

That's right,
No down payment.

CASTLEGAR SAVINGS
CREDIT UNION

601-18th Street, Castlegar
365-