25% off all eat-in orders. for February (except Valentine's Speclal) VALENTINE'S SPECIAL Free Flower for Your Special Lady © Feb. 14 (Dinner time only) Special Valentine Dinner Feb. 14-15-16 10 oz. N.Y. Steak & Lobster Tail $18.95 or 10 oz. N.Y. Steak & Shrimp $16.95 or Chicken Alexander $15.95 served with Caesar salad, choice of rice or., potato & vegetable of the day °: u's Doe ithon YS Lizza 02 2nd St. Castlegar OPEN Ingeborg Thor-Larasen anaes Kinnaird Elementary School Grade Six students how | the four harness loom works. School tour at the West Kootenay National Exhibition Centre was held in conjunction with the current show dealing with Peruvian cloth-mak- ing. See story below. SUN STAFF PHOTO / Brendan Halper Textiles display “premier tradition" By NANCY LINGLEY ‘Sun Editor The community came out in full force to see and hear Mary Frame, one of North America’ ‘Ss on i) Kootenays Pool is stilt 50 a game Remember not to Lose Located just North of Salmo.357-9611. - o- = or - o - - CO OAT OO re Friendliest Pub in the Jim’s Place in the Paper. Peruvian textiles, at the West re 7. rn lowing her Tuesday afternoon of the and Centre last week. "I was just delighted to find out how successful the museum is in reaching out to the public here,” said Frame last Wednesday, fol- abg asuaaans MEXICAN Loaded Nachos TASTY DE LITES 292 Columbia Ave. City Centre Square ¢ 365-7401 In FEBRUARY Mexi - Dog s47° FIESTA Burritos Be sure to try some of our tempting: Hot Dogs, Borscht or Homestyle Soup & Sandwiches “2 Plece: Ses of: weaving techniques of Tecquile, Peru; and a slide presentation that same evening. Lou Lynn, director of the NEC, said that 34 came out to the demonstration and 32 for the eve- ing session. ‘We had weavers from Castle- gar, the Slocan Valley, and Nel- son who understand the level of * Mary's knowledge of Peruvian textiles,” said Ly Frame, who earned both her B.A. and MLA. at the University of British Columbia, said she had always been fascinated with tex- . tiles and when she "stumbled on-a!: Peruvian expert at UBC", she,. begqan to study texitiles with . him, “did a couple of degrees and Started making collections.” The collection currently on display at the NEC is entitled "A Fomily Affair: Making Cloth in Tacquile, Peru.” The. exhibit introduces the viewer to four generations of a family for whom cloth making is a continual activity from child- hood to old age. “The textile tradition is one of the premier traditions in the world," said Frame. "It isan extant tradition, it still goes on." On display at the NEC are examples of many articles of tra- ditional clething created by the people of Tacquile including blouses, ponchos, belts, shirts, caps, and hats, Frame has visited Tacquile four times herself to collect tools under the auspices of the UBC _ Museum of Anthropolo; BY- The exhibit has been on the road since May of 1989, travel-. ling across Canada from the Mar- ‘jtimes to Yellowknife. It will be retumed to UBC at the end of its mun and be broken down and put into storage, said Frame. "The exhibit has been very . well received here," said Lynn. "It's definitely bolding its own. A lot of enthusiastic school kids have been in to see it.” Under the direction of Mau- ‘teen Stelck, school program co- ordinator, 17 classes .from Castelgar,.Nelson, Trail, and Arrow Lake have been booked to: . view the display, see a related slide show, try, handlooms and; Andean regions of South Ameri- ca, a staple that has existed for over 5,000 years. “Peru is an area of study in Grade’ Six Social Studies," explained Stelck. "So we devel- : Fase a se passed ay We've had Tipe exhibit is on display atthe BUSINESS Yutoo can promote the area By FRANK ISERNIA Sun‘staff writer Yutoo Eaterprise Limited of : Castlegar is quickly becoming: a driving force in we can offer that is not being mar- keted, we will certainly look at it.” The growth of: Yutoo has allowed, the company to add regional flavor fo) its mandate by Castlegar and District ‘to potential investors and visitors, ‘The company concept was cre- ated during planning sessions held with the Castlegar and District Development Board in an effort to battle Castlegar’s lack of identity after: Expo 86 maps drawn to pro- mote the province for the exposi- tion failed to include Castlegar, opting to map the Hugh Keenly- side Dam site instead. A Sroup of Jocal jnaivignalss deci the Ki in its ' promotional theme, “We've been strongly support- ed by local businesses and com- munity spirit continues to grow.” said sales representative Joanne Stan, Shirts and bats bearing “Hook- ed on Castlegar’ and “Kootenay Country” logos are seen every- where. All Youtoo's shirts, caps and other memorabilia are manufac- tured in B.C, with a majority of the i al canipeina to combat this anonymity, and a pool of their ideas led to the birth of “Hooked on Castlegar” slogans and busi- ness'cards. ‘The success of the project gen- erated new-ideas and led to the formation of Yutoo Enterprises Ltd. on March 31, 1987. “Through privatization, public funds were not put at risk, All profits eamed by Yutoo Enterpris- es are used to enhance community development,” stated Yutoo Enterprises’ director Richard Maddocks. “Although we are still in our formative years, we are doing better than we had antici- pated. Yutoo was not created to compete with local business,but if there is a product or service that locally. The company's ability to diver- sify ‘allows them to provide Girl ’ Friday services . A pool‘of quali- fied personnel are readily avail- able to perform secretarial services and other office duties that may be required by local that are short—staffed. “Product prices are reasonable and the level of support by outlets has been surprising,” commented Joanna Stan. i Yutoo products are available at the Castlegar and District Cham- ber of Commerce offices, Creston and District Chamber of Com- merce offices, and from various Castlegar merchants, as well as in Trail and Nelson. d printing done © ‘SUN STAFF PHOTO/ Brondan Halper Joanne Stan, Yutoo sales rep, shows off merchandise. Take RRSP money and pay down debt this year Each year at this time financial advisers and institutions urge peo- ple to put money into registered retirement savings plans. Yet you might well be tempted to take money out of your RRSP — to pay down debt or even to spend. “A married couple came to me recently with plans to cash in their $15,000 RRSPs to hep pay down their $30,000 line' of credit,: moacy they used to buy a car and” do some home renovations,” said Susan May, Royal Trust client service officer and partner. The woman, 34, earned $25,000; the man, 37, earned $42,000. They did not plan to have children. . “They felt it would be finan- cially beneficial for them to redeem their total RRSP sacrificing more than $156,000. “On the other hand,” said May, “the benefit over the next year of paying down the 13.25-per-cent line of credit by $13,500 would be $1,788.75. That’s relatively small benefit compared with the present “They were already putting some money into RRSPs and won- dered if they should contribute more or increase the mortgage payment on the home they had just bought,” said May. “Because the wife planned to work only part-time after having the children, Isuggested she make the maximum contribution to her own plan and the husband make ‘his"inaximum contribution’ to" a ~" spousal plan for her. ola “This approach to income- splitting will save them money in the future, when the wife eventu- tax cost and future opportunity cost of cashing the RRSPs.” May suggested the couple keep their RRSPs, consider other debt hes and “meet to pay down their line of credit,” May said. “I did some calcula- tions to show what would happen. “First, the most they could hope to realize would be $13,500. — by making three $5,000 with- drawals so only 10 per cent in- come tax would be withheld. “However, the husband would actually have to pay $4,070 tax on his RRSP withdrawal and the wife $1,500 tax was with a qualified financial planner the RRSP funds in her lower tax bracket - subject to the th tule, receive - could then go toward paying down the mortgage more quickly.” Starting with the 1991 tax year, you can skip the RRSP contribu- tion you are entitled to make and catch up in the future. So you could pay off your debt, then redi- rect your former monthly pay- ments to a catchup RRSP program. However, some-people' respond ° _ Only to’the discipline of the debt collector and once the debt is gone; just can’t manage to save those former payments. Mike Grenby is a Vancouver- based columnist and independent personal financial adviser. “Once they have made their RRSP any monthly savings they still have - and any tax refund they ht 1991 Yutoo Enterprise. Lid. In the business of promoting Castlegar and the Kootenays Yutoo products are avallable at: In Castlegar at McLeods: Pete's TV; Mo- hawk Service Station; Hi Amow Beer And Wine Store; Carl's Drug Store; Robinsons; Castlegar Chamber of Commerce and The Alrport Gift Shop. Out of town outiets Include: Creston Chamber of Commerce, Net son Mohawk Service Station.. cod Halls . Stationary In Trail. Get “Hooked on Castlegar’ and “Kootenay Country’ Hae MAINTENANCE INC. HIRED EQUIPMENT REGISTRATION Bel Maintenance Inc., is compiling its hired equipment list and advises all persons or companies wishing to have thelr rent- able equipment such as truc! loaders, graders, rollers, scrapers or fractors listed that they should contact e180. Denver office at P.O. Box 430 New Denver, Guvant Polley wil not permit rine! rahi ote of equipment that is not registered with BEL MAINTEN: Bel will be hiring local eq quipment (where applicable) for alee In their area. Beane. lor registration In the New Denver area Is February Applications received after this date-will be added to the bot-° tom of hiring priority list and consequently may not receive a share of the available work. Please submit with your registration, your proc! of ownership, 1.C.B.C. registration, G.S.T. number is also required. BEL MAINTENANCE ING, Dennis Butler, Division Manager i 4 PA AME Chicken Scratch all the month of February Chance to Win I! up to 620, oo mt Instantly ” with the purchase of Find all your business news In the Sun! to develop both cash and tax strategies.” But the couple ignored her advice and cashed their RRSPs anyway. “It’s really frustrating when clients feel cashing an RRSP is the only way to pay down debt,” she said. “I see RRSPs as long-term savings vehicles. Only when peo- ple have little or no income should they consider this to they would have to pay another $3,900 tax by April 30 next year.” “However, said May, the biggest cost of cashing an RRSP is loss of the future tax-sheltered wth, For the husband, the cost came to $144,210, which is the total his RRSP would grow to compound- ing at 10 per cent until age 65,” May said. “The wife’s loss was $95,972." ‘Even if the couple ended up paying an average of 35 per cent tax when the funds were eventual- ly withdrawn, they would still be ‘The Government “allows you to save up to $1,500 per year ina jax sheltered Savings account for each of your children. ‘Investment of. Returns 5 For valuable information ‘watoh for this brochure in \the mail on February 14th 723.00 922.00 reducing debt.” _ It’s tempting to go for the METAL ENSUE ATES DOORS Graham Read 365-34 222 - 102 Street Castlegar Quallty Products Guaranteec “Because You Dessrve The Best” “quick fix.” Too often, . you run up your debts again — only this time you have no RRSP. Using non-RRSP funds to pay off debt can make more sense, especially if you then redirect your former debt Payments to rebuild your savings. May said another couple, also in their mid-30s but with plans to have two children in the near future, asked her about the best way to use the extra $300 a month they have. AccBell, NotBorn. Richardson Greenshields offers the only No-Fee Self- ” Directed RRSP. @ No fees to pay ~ administrative details call (604) 763-0424. @ Competitive rates — choose from 18 GIC issuers’ @ A maximum choice of investments - A minimum of Join our satisfied clients. Contact Eldon Woroblett in our Kelowna branch. Fax this coupon to (604) 763-7533 or All Eligible For Our RSP Name: (1 Tell me more about Richardson Greenshields’ No-Fee RRSP. P.S. Also includes all Paks Phone ahead for SUPER FAST TAKEOUT 365-5304 — “Remember anytime is Chicken Time” Keeping your records in a shoe box? | Need help setting up a proper bookkeeping system - or - improving the one you have? Want to know how to incorporate the G.S.T. into your bookkeeping? Then - this seminar is for you! BOOKKEEPING MADE EASY Learn the five steps for setting up a double - entry bookkeeping system - from recording transactions to trial balance. When: Mon., Feb. 18, 7 - 10 p.m. Tues., Feb. 19, 7 - 10 p.m. Where: Chamber of Commerce Offices, Nelson Cosi: $95.00 (+G.S.T.) (2nd person, same business $50) TO REGISTER, CALL 352-3433 In Conjunction with the Nelson Chamber of Commerce La Banque offre ses service ~ Golden Delicious Chicke “and 18th. dans les deux langues officielles BACKING INDEPENDENT BUSINESS : @ \ Federal Business Banque fédérale j Bank de . : ee UR RE 5 @ Only 5; E awd reg 13.89: : le invitedLynn;: Write to RISB. Info Contre P.O. Box 1 ‘between 11 am and 2 pm everyday - ‘ : Biatton E, Victo phone ahead tor fast ‘service 385-5304 ¢ Canad