EE6 CASTLEGAR NEWS, March 27, 1983 BCDC loans Small fe ing and high technol businesses frum all over B. Cc. have been applying for loans under the province's ia (Low Interest Funding Today) “The $190 ann iste loan portion of LIFT is by the B.C. D Corp. and di to Paul Palm, Director of the Business Finance Division, more than 280 companies already have LIFT loan applications approved or pending — for a total of more than $52 million. “These loans are for business expansion and start ups, easier to conatruct ‘and insulate. °°’ ; - To meet increased demand, Kootenay Wood Presorvers acquired end installed a‘masslye (six-foot by 80-foct) retort’ cylinder last year — the equi _used for the’ p treating process —’ thereby’ doubling production capacity. assist in the’ purchase, BCDC provided a: loan ‘of over: $160,000 — one third of it in funds from the = proeene Lo Tnberest Loan Assiatanes Program. as well as for working capital hard hit by the "says Palm."And LIFT is already contributant to the preservation or creation of over 4,000 jobs.” y Palm is quick to point out that the loans are not handouts or bail-outs. “Responsible financing is crucial in today’ cy tough times, and we look at viable operations with a solid future in the province — ones that help strengthen B.C.'s industrial base while providing jobs.” BCDC PARTICIPATION It’s been a difficult year for business in the Kootenays, one of the regions of B,C. hardest hit by the recession. But with strategies for survivial including diversification, careful financing, and adjusting to today's needs with new produce lines, many companies have stayed well-in the black and are poised for rapid growth once the economy turns around. BCDC has participated over the years with a number of these companies. Here's a brief look at three of them. KOOTENAY WOOD PRESERVEBS LTD. .. During the recession, demand has increased sharply for the products of Kootenay Wood Preservers Ltd. of Cranbrook. The reason, ding to presi and Mel Bildfell, is that people are turning to the p treated Pacific Enercon Ltd. has already. built a solid: market and: increased production after'just three years of operation, As a fireproof substance, rock wool’ has ‘uses: beyond, home insulation, some ‘of. which, include insulating’ pipe. wraps, fireproof doors, and asphalt’ Yoofing shingles. Sub- field. ae: stage re qui outlay for equipment anda 72,000-square-foot metal clad plant. BCDC financed a significant portion of ‘the start-up costs and is Ht g other. fi the company. CRANBROOK INTERIOR WOODWORK LTD. ‘ Careful attention to detail and quality, ‘coupled active pursuit of the institutional market, has meant success for a company in a very competitive field. installs high quality cabinets, counters, es! nooks in a variety of materials to custon specifications, a With a srowing list of customers “including “the East wood posts, poles, rail lumber, plywood and wood foundation material as an economiser. The long life of pressure treated wood makes it attractive for outdoor use, and it has become competitive doctors’ and dentists’ tte ices, the company sought BCDC and an last year to extend its 2,000-square-foot plant, providing more space for- Wi manufacturing and storage. ‘a heavy capitat. at weeds swith College and’ a \ re BY 54 Years of Service + EREMENKO. FIT-RITE SHOES 1224 3rd Street Castlegar, B.C. Ph. 365-7353 MRS. EREMENKO Snniversary= Central Foods Community Owned & Operated 2717 Columbia Ave. Castlegar, B.C. MIKE AND MABLE BONDEROFF “ATASTE OF ART Castlegar Ph. 365-2727 LORETTA WALSH CASTLEGAR 4 “BICYCLE "SHOP * 50 King St. Ph. 365-8233 FRED NAZAROFF “Create Your Own Fashions” Castleaird Plaza Castlegar Ph. 365-3717° BETH JOHNSTON HOME xs . 399-4129 “4 Kootenay-Slocan Bookkeeping Income Tax Services Box 3442, Castlegar, B.C. VIN 3N8 IRENE KOPAN e Agencies Lid. ~ Castlegar Motor Licence Officer 605 Columbia‘Ave. Castlegar 365-3392 or 365-3362 CARVIL MOOREY 11 Years THE ' BOOK SHOP: 1014-4th st. Castlegar Ph. 365-5858" TANIA SALIKEN PETER & SUE POPOFF : (6 Years) Rumford Place. ~ Super “Sweep. Chimney Service Ltd. “1406 Columbia Ave. Castlegar 365-6141 PAT SMITH HERB STORCH slalative. Library irliamant) Bldgs, 50) Beltgvitrsss WEATHERCAST Cloudy with showers: Thursday and Into the weekend with highs about 10° and lows around 2°. Chance of precipitation 70 per Fridoy. Thursday, and 70 per cent 2 Sections (A, 8 & C) Castlegar Blumbitig: & Heating Ltd. 1008 Columbia Ave. Castlegar, B.C. Ph, 365-3388 SAM SOUKOREFF MARLIDA'S FLOWERS & GIFTS 1245-3rd Street Castlegar, B.C. Ph. 365-3117 UNDA NEWTON-FACETTE MARY KOFTINOFF VOL. 36,,NO. 26:; He was v eadabing in rofeccngpae’ tna fact that las month the school district submitted a 1983 “budget that exceeded : the provinele jidelines By more. ‘than $8,656,906. to operat However, the. school district's budget included: the 4.5 per cent arbitrated pay increase the teachers were 2 awarded. Under Vander Zalm’s proposal, teachers would give up this increase to retain job security but they would see the five day's pay they lost under Bill 89 reinstated. The ‘April 18 deadline for negotiations was estab- lished to ensure budgets are completed by the end of the month, Vander Zalm met with the board Monday morning in what was billed as an “informational meeting” before he headed off to a Social Credit nominating convention i in Trail. School board George A n said zavé Glade residents wit! only a a single’ agcess. lans for a'new. road ‘were disclosed by’ Highway in’ lowed: the. board's. complaint ‘ ‘that: Glade 7 beilants ‘Blueberry, Creek aod Shoreacres': :\ In his reply to the . Fraser wrote; “I cea the roblems caused ty the blockage of ‘the at EASTER SERVICES. . . Rev. Charles Balfour of St. David's Anglican Church lights Easter candle in Bt that nothing | was, resolved in the meeting with Vander Ef 2 in Trail. ‘During lulls while the ‘ballots were countba Vander Zalm mustered his showman skills and led the crowd ina Ez number of verses of a song'he wrote about rallying th B.C. spirit that featured a chorus that began “pick. “up @E shovel ‘and pitch’ in.” The song also took a stab at NDP leader Dav Barrett who “beneath bis blue. pinstripe: Barrett, still 5 wears red underwear.” . 4 Vander Zalm also managed: to line. the party's i electiun war chest by auctioning off a number of items. g including an autographed shovel, ‘some: Vander Zalm & gardening books, ‘Write Good” buttons and a couple of B pairs of carved: ‘Willy Woodenshoes.”: Ina rousing: pre-election speech he told delegates = that an election is indeed in the wind and;he has “every confidence” that newly-elected Socred candidate Walter § Siemens will win a‘seat in the legislature. - “Il bet you within the next month or six weeks we’ ne probably be out beating the streets,” he promised. _ Vander Zalm talked briefly about his past portfolios 3 g as Minister of Human Resources’and Municipal Affairs = and he took a few shots at the short-lived NDP govern- ment of 10 years ago. But most of his speech concentrated on his most controversial job as’ Education Minister. He said his government has been criticized for instituting restraints but he pointed out that the impact of reducing education funding last year by $60 million only reduced increases spending in 1982 over 1981. “,,, the impact of $60 million was to reduce the size of the increase from 21 per cent to 16 per cent,” Vander Zalm said. He added later, “I do not want... a fight with teachers. I have a fight on behalf of taxpayers to keep things r ble so we can ti to keep the programs that our children, the children of British Columbia, are deserving of.” continued on page A2 prep for special services beginning Thursday yon way out? at, only in this-case it would not be an.additional loca: och et Corky Evans pointed out that - ep cing: the. ferry: with; a road would ° stillleave, Glade r fotred the. letter: © the ‘Area.I advisory for a leanwhile,, the: “regional board: endorsed the’ Greater. egional District's call for-the inclusion of ferry. . the-province's ‘Essential Services Act. "locas Wailey'director Corky Evans to push rough ‘a motion that the Central Kootenay Regional board not endorse the request. But his motion was defeated. Evans argued that by approving the request that the ; ferries be included in the Essential Services Act, regional . Fraser added, ‘Access tye road to Glade is also being :- boards are being used as “pawns” by the Ministry of Labor. .He sald that the provincial government is simply using the ferry. service as a test case for forthcoming labor legislation. “I agree that if you get sick in Glade you ought to be able to use the ferry,” Evans said. But he added that *.endorsing.a call for all ferry services to be included under the Essential Services Act “is not the tool.” “They aren't going to use it for people like us in isolated areas,” Evans said. He said the move will be to ensure ‘Lower Mainland and Vancouver Island residents have ferry service. - ‘But Area I director John Voykin, who represents Glade d. He noted that during the last strike by continued on page A2 Siemens Oe sae res _ Socred : jubilant ‘Siemens told about 275 party supporters at the nominating’ convention ‘held ‘at ‘Tadanac Hall Monday i night. night. For story on services taking place throughout Castlegar, see page A3. CasNews Photo by Cheryl Withlow KSCU had a good year By CHERYL WISHLOW Staff Writer Kootenay Savings Credit Union's assets in 1982 topped the: $100" million mark,’ in spite of adverse economic conditions ‘which prevailed = during the year, board chair- man Joe Biagioni reported to 180 KSCU members: at its annual general meeting Mon- day in Trail. The credit union's assets reached $104.3 million by the end of 1982, showing an in- crease of $11 million or 11.8 per cent over 1981, Biagioni reported that the growth in assets is well above the provincial and na- tional growth for credit unions of six per cent and eight per cent, respectively. Financial statements for Kootenay Savings’ showed a net income for 1982 for $1. 3 million after 1981 — which was $7,362,089. Meanwhile cash and short term deposits increased by $5 million, to $19,833,106 in 1982 from $14,840,191 in 1981. Biagioni d that cur- $628,587 in‘share dividends and provision for income tax. ‘That is a $1,210,478 increase over the 1981 total of $83,011. Dividends on shares in- creased to 10 per cent from seven per cent in the pre- vious. year. “Interest paid on member deposits also increased. The eredit union paid out $7,576,239 in interest in 1982, an increase of $214,150 over Strike approved By CasNews Staff Vocational instructors of Selkirk College, members of the B.C. Government Em- ployees Union, have voted 81 per cent in favor of strike action, BCGEU staff representa- tive Debbie Ward said today in a prepared release the union has requested the services. of a provincial mediator and any strike action will be delayed until the’ mediator has had an opportunity to attempt to resolve the dispute. The mali i issue in the dis- pute is the college's zero per cent wage offer over two years, which has been rejec- ted by the union bargaining committee. The current con- tract expires March 31. rentomembership of 20,520 decreased by 619 in 1982. He said the reduction is due to the. memberships’. positive response to consolidating their multiple branch. ac- counts. “This, coupled with the closing of inactive accounts and share accounts under the minimum share require- ments, has resulted in in-- creased savings in the area of mail and data processing charges,” he noted. The conversion of Plan 24 into the new Maximizer ac: count d de- and Darryl] Thomas of Trail were re-elected by acclama- tion for three-year terms. Marten Kruysse of Ross- land was elected in place of , Trail's Al Holm, who retired. The board re-elected Bia- gioni as president. He has been president since 1981. Tim Jenkin of Trail was elec- ted first vice-president and Ogloff second vice-president. Gordon Henke of Montrose was elected secretary, while Doug Stanley, Kootenay Sa- vings general manager, was elected treasurer. In his annual report, Stan- ley told credit union mem- bers that management's at- tention was directed towards the whole spectrum of the credit union operation “ ‘in- Siemens then called upon his supporters to “get in on . the ground floor and start working” to help him win a’ seat in the next election. :, It took three ballots before . Siemens managed to win the majority of the 164 voting | delegates who attended the convention. Trail Mayor Chuck Lakes appeared to be the strongest contender in the four-way race but he lost to Siemens in the final round of balloting. The two other nominees, Castlegar real estate agent - Malcolm Scott an'd' Marten © Kruysse, economic develop- ment commissioner for the Regional District of Koot- enay Boundary, were knocked out in the first two rounds of balloting — ibe a WALTER SIEMENS .. «tight race of his major concerns is to make his name known in the outlying areas. He admitted that when he agreed to let his name stand he didn’t think he was well known enough to win the candidacy. “When I put up my name to enter the race I expected that maybe there were really others who were more well known.” _ He.added that he has a number of clients in the al trict — includil In an his election, Siemens said one " continued on page Az somonasmccmang BIS b Cl Because of the Good Friday holiday, all deadlines for the Castlegar News Easter Sunday edition will be advanced by 24 hours. For exam- ple, the classified ad deadline will be pushed forward to 11 a.m. Thursday from 11 a.m. Friday. This will allow our staff to enjoy Good Friday with their families. The Castlegar News will publish Easter Sunday. As well, readers should check for various store advertisements in this issue to see what hours stores are keeping this week, in light of the Good Friday holiday. ® Do you think that people who eluding P cost and technol- posits as evidenced by a growth of $6.3 million, Bi- agioni said. ogy. “Increased utilization of our services by the member- a savings account on which in- terest is calculated on the closing daily balance and paid monthly, accounted for 68 per cent of the total deposit growth for the year. At Monday's meeting Bi- agioni, Nick Ogloff of Robson, ship, as evid d by the growth in deposits (11 per cent) and loans (eight per cent) allowed your credit union to achieve exceptional- ly good progress in 1982,” he stated. Administrative expenses continued on page A2 4 steal pay-TV signals should be i pr d? That's the question we asked six 3g Castlegar residents this 7 week, including Andy # Koozen. Find out their an- swers in our On The Street feature, page As. The knights of Pythias telethon for the Children’s Development Centre in Trail raised more than $23,000 last weekend, and the hon comes to Castl via Cable 10 tomorrow, page Aé.