SS ao Castlegar News October 25, 1989 Quake damag SAN FRANCISCO (AP) remained unaccounted for Tuesday scarthquake 4 50-S0- chance of a major aftershock, capable of causing Only a dozen people one Week after the northern Californ and geologists predicted considerable damage, by Christmas Buck’ Helm remained in very serious con dition and the U.S, Congress moved toward quick passage of a $2:85-billion US aid pac for quake victims The House of Representa approved the ap Survivor propriation by a vote of 321-99, The Senate is expected to concur today and send the legislation to President Gorge Bush, whose spokesman indicated he will sign the bill Déemolition crews were taking down sections of Inter state 880 highway in nearby Oakland out of fear that more sections of the elevated, double-deck structure could tum ble down like dominoes on to the two-kilometre stretch that collapsed in the Oct. 17 quake The de: 39eh victim 880. ath toll rose 10.63 with a coroner's discovery of a mong the remains dug outvof the rubble of 1 But Pakland police haye been able to account for all but 12 of the 280 reported mising during the last week, Sgt Greg Hughes said Still bodies in the rubble, rescue crews have not been able to find other where S$ cars were trapped at rush a number considered well below a normal Tuesday, ly because of the scheduled third game of the World between the Bay area's two major-league baseball hour poss Series teams The game is to be played Friday at San Francisco's Candlestick Park, which suffered minor damage. NOHOPE remain inaccessible chers. Four segtion’ Digging will resume When the threatening sections are taken Thatcher angers ommonwealth KUALA LUMPUR (CP) The Commonwealth's six-day summit en ded Tuesday British Minister Thatcher ference, and then st with Prime slighted victim w Margaret main-~ forit taining her solitary stance opposing Canadian economic sanctions against South Mulroney wa Africa “If it's one a; fended by Thatcher inst the48, then feel had to very sorry for the 48,"" she told a this brouhaha’’ ove He told reporte 49 member ce that Thatcher closing news conference All the Jeaders of the however countries did agree ‘on issues virtually every other leader at th Prime one. of th ‘acknowledge r her statement hat they felt aftertheconferen- — € blindsided Commonwealth leader break all relations tid he was ready to diplomatic and economic with Pretoria in June, but the frontline states neighboring South Africa per Minis suaded him against the move 1 was talked out of it by leaders of frontline who, in an action, saying he the states Ss been — licipation of this conference, indicated very strongly about anada maintaining her presence in other — doing these matters,’" he said and violated The Commonwealth decided not to put at $2-3B down, possibly by Thursday, but there is no hope of finding anyone alive, authorities said Helm, found last Saturday, was the found inthe highway ruins The U.S. Geological Survey in Menlo Park issued a long-range aftershock forecast predicting over the next two months an 1 1-per-cent chance of a quake of magnitude six or larger, and a 50-per-cent chance of one of magnitude five or larger. On the Richter scale of earthquake magnitude, five is last. survivor considered capable of considerable damage, and six of ec. State emergency co-ordinators have said an aftershock of five could be especially troublesome to buildings already damaged or weakened by the initial ear thquake, which had a magnitude of 6.9. Engineers reported Tuesday the toppled 15-metre sec tion of the Bay Bridge iy beyond repair. Officials for the transportation department said (hey hope to put up a new five-lane section on the bridge dcrosy San Pranciseo Bay by Nov. 16. SURPASSES HUGO San Pr government to raise the maxim’ $500,000 from $100,000, reflecting high housing costs in the region nciseo Mayor Art Agnos'called on the U.S. home-rebuilding loan to In San Fr tensive repair, Agnos told the city-county Board of Super visors on Monday, He estimated damage in the city at $2.2 billion to $3.2 billion neisco alone, 750 to 1,000 buildings need ex CP News Analysis By DAN LEC KUALA LUMPUR (CP)— In the end, there was a 39-page communique outlining broad agreement by Commonwealth countries on everything from the en Third World debt to relations and the fate of Hong Kong But the upbeat wording in the final statement from 40th summit in Malaysia masked deep divisions over South Africa and vironment and superpower the Commonwealth's anniversary ways of dealing with Pretoria’s racial segregation system British Prime Minister Margaret Thatcher tossed a diplomatic grenade into the works Sunday by issuing her own statement on South Africa only hours after she had moved acceptance of a general Commonwealth Mulroney miffed — MULRONEY BRIAN BUSINESS October 25, 1989 su: Castlegar News +” OPEC CALGARY (CP) — ~The Organization of Petroleum Exporting Countries is deliberately keeping oil “I's beautifully cynical and it works well,” the professor from Johns Hopkins University in prices unstable to satotage exph and development efforts in non-OPEC countries, an energy expert said. The strategy — which includes fostering reports that the 13-country cartel is racked with discord -~ is working, Thomas Stauffer told an oil and gas markets conference sponsored by the Canadian Energy Research In stitute and the Calgary Chamber of Banks telle OTTAWA (CP) — Banks are coun- ting on Canadians’ strong acceptance of teller machines as a new way of selling just about anything — from gift certificates to ski lift tickets. Financial institutions have just star- ted experimenting with using the machines to do a lot more than routine banking transactions. Spokesmen for two major banks say they_want-to build on their national network of machines to generate a new customer service — and, of course, make money The machines could handle literally anything from urban transit passes to hotel reservations, movie and theatre tickets, flight insurance and said his lunch: time speech. "They'd like to see a con traction here, in the U.S. and in the North Sea. The machinations not only create uncertainty within the petroleum in dustry, they also help scare off outside investors, he said. ‘That is a way of further deterring competition."’ Evidence the strategy is paying off includes a 60-per-cent growth in the cartel’s marketed production over the last’ three years, while non-OPEC market share has dipped. Stauffer said the plan has led to a protracted North American ex ploration slump, industiy, rationalization and the postpqnemeit or cancellation of severat/ energy megaprojects. LEAD PLAYER He said he doesn’t hold much hope the strategy will be scrapped unless there is a coup in Saudi Arabia, which is the lead OPEC player and the key to experiment with r machine distributing grocery coupons,”” said George Coleman, head of the Toronto Dominion Bank's electronic services. “We'll be looking for partners and opportunities “In the 1990s, this will be a norm of banking services. Airlines and the travel industry alone would love it.” Coleman and Dennis Graham, manager of banking machine programs at the Royal Bank of Canada, said they have been ap: proached by businesses who want to get'on the bandwagon. Neither would identify the companies. Banks, trust companies and their corporate clients want to expand use of the approximately 8,000 machines uses operating across the country Financial institutions are in creasingly stressing custamer service and Canadians have shown little “resistance to automated banking Busy, affluent customers are among the heaviest users of the machines. “11's the 25-to-49-year-olds who are university-educated and have higher than-average incomes who have accep ted-the—machines_most_ readily,’ Coleman said. ‘Time is especially crucial for people in their 40s and want to get as much done in as few lineups as possible.”* price plan alleged keeping other cartel members in line James McColgin, president of Conoco Canada, said OPEC countries are out to maximize the value of theit reserves “To do this, OPEC will need to lock ogP excessive development of non OPEC reserves," he said in a prepared text of his speech, ‘It is anticipated they will keep prices low enough that it is difficult for companies to increase production in countries such as the United States and Canada, which have relatively high finding and operating costs."” Earlier, McColgin said Conoco an ticipates oil prices will reach $25 US a barrel in 1986, but he added ‘there will be short-term variability, with in. creases and decreases taking place in an unpredictable fashion.” OPEC secretary general Subroto told the conference Monday a steady rise in oil prices to $29.60 US a barrel within 10 days is the target of a new market strategy being developed by the. cartel The price of a barrel of Saudi Arabian light crude was $17.05 US a varrel Tuesday Subroto said $29,60 can be achieved without giving up the cartel’s aim of recapturing more thanhalf of world oil sales. He sultation’’ is under way among OPEC members on a new quota agreement capable of forming the cornerstone for a long-term program of price gains. said ‘‘intensive con Fort Nelson company Briefly Bank's fund hits $2.7 million TORONTO (CP) The Bank of Montreal is setting aside another $850 million to cushion.the blow if debtor countries default on their loans The contingency fund has now hit a staggering $2.7 billion, or about 61 per cent of all the money it is owed by 13 developing countries, the bank said Tuesday The bank is Canada’s biggest creditor to the Third World, with about $4.4 billion in loans on its books. Latin American countries The beefed-up reserve normally be reinvested in the bank or paid to shareholders Almost all that money went to four Mexico, Brazil, Venezuela and Argentina money set aside from profits that would provides no relief todebtor countries struggling to repay loans It also sliges into the Bank of Montreal's fourth-quarter profits although president and chief executive officer Matthew Barrett said the bank expects to wind up in the black for the fiscal year, which ends this month PWA to sell Wardair fleet TORONTO (CP) Calgary-based airline PWA is selling newly acquired Wardair’s entire fleet in a move that should raise at least $650 million US over the ext three years for the heavily indebted company The sale will help PWA pare down debts of about $700 million Cdn on Wardair, which was bought earlier this year for $250 million, the com: pany said. As a result of buying Wardair, PWA has seen its long-term debt nearly double to $1 billion from $511 million in nine months Apart from selling the 15 planes in Wardair’s fleet, PWA also plans to sell 11 wide-body planes and lease out another two ina revised five-year plan that severely cuts back plans for a major fle this century expansion by the end of Seniors travel club announced CALGARY (CP) Calgary-based Canadian Airlines International and Royal Trust announced Tuesday they are creating a new travel club for ‘‘mature’’ customers. The two companies said they will la ch the Global Horizons Club. on Nov. 7. It will offer people aged 55 and older fare discounts and spécial statementon fighting apartheid Through one of her officials, meeting reporters in an nondescript room in the bowels of the cavernous holiday services, including automatic medical and flight cancellation in that included protection of the ea- the spiritof gonsensu impose new trade embargoes now but South Affica ‘will face new about the surance, travel interruption service, and emergency message service, special car rentals and airport parking, Members will be automatically enrolled in Canadian Plus, the airline’s frequent-flyer reward program The membership cost will be $20 a year, with a one-time initiation fee of $35 Royal Trust Global Horizons Mastercard is available for $45 a year vironment and combating the Mulroney suggested Thatcher said blindsided bought, SFP announces chip loading terminal in Burrard Inlet, and a 180,000 tonnes-per-year chemi thermo-mechanical pulp mill at Taylor, near Fort St. John Slocan president Ike Barber said the sends slayed into the hands of the Pretoria reprisals unless it sets worldwide drug trade played into the hand he F prisals un summit convention centre in Kuala Lumpur, Thatcher Shaw enters share agreement EDMONTON (CP) — Shaw Cablesystems Ltd. has entered into an agreement to acquire, through a share exchange and cash arrangement, 100 per cent of the issued and outstanding shares of Cranbrook Television Ltd and its subsidiary, Creston Cabled Video Ltd Richmond-based Slocan Forest Products Ltd. has announced the pur chase of Tackama Forest Products Ltd. of Fort Nelson, at an undisclosed price Tackama has an annual production of about 95 million board fe ber, 180 million square feet of veneer and 115 million plywood. Its timber comes from forest licences carrying an annual cut of more than 800,000 cubic metres. reversible by April Also asked to, restric laine’ = government by issuing her statemen abolition of apartheid With the exception of Thatcher, the nment t ing her statement abolition of apartheid issued a statement flouting the claim of consensus made s said pressure must be-main- Which appeared to weaken Common tained on South theid Thatcher caused a flap Sunday by issuing her own statement on South Africa that contradicted the views of BRANDY’S | including COSTUME I'm in s 1 the RENTALS | south Africa ADULT J practice is in step with me minutes before by the conference chairman, Mahathir tbout an end to international banks will be South wealth resolve to brin: South Africa’ srace He referred to a African President F.W Klerk earlier in the day that he said which Mulroney has always said are warm and trusting At their final ces;there was no warmth and little trust between the two Africa to end apar Mohamad, prime minister of Malaysia The Statement set out with the rest of the 49-country Commonwealth on anti A premium membership with additional services and a-special eparatior frican trade ‘ pa African trad Thatcher's disagreements and separate — news conferen latemen credits 16 a maximum of 90 days and Cranbrook Television, said the Canadian cable television industry is going through a natural evolution, with the small, independent, technically orientated _ pioneer operators merging with larger multi system owners to gain access to the human, financial and technical resour ces that will be needed in the 1990s Shaw Cable, based in Edmonton, owns and operates 16 other broad. casting-receiving outlets in British Columbia. Shaw Cable provides television service to Castlegar, Trail and Nelson in the West Kootenay acquisition makes his company the largest shareholder in Fibreco, with a 28.5-per-cent interest Slocan intends to pursue Tackama’s initiatives to develop pulp capacity at Fort Nelson, Barber said Tackama’s revenues in the latest 12 months were approximately $50 million. In the nine months ended Sept. 30, Slocan had sales of $147.4 million on which it earned $9.1 million make it more difficult for Pretoria to apartheid sanctions KEPT IN THE DARK Issuing the statement would have been all right conceded Prime Minister Brian Mulroney. But he and prime ministers Thatcher said Mulroney and her other opponents of lum cure loan A list of mony ealth embargoes adopted in 1986 links and applied mainly by countries -with few ties to South Africa congratulated one member of the 11 non-mandatory Com. DR. TIM ALLEN Optometrist the rel of his C lacked the courage to tell her they disagreed with her » nw th an gated . si are feet of Commonweal nd castigated the A pity they didn’t come to me and complain to my quare bans on air * she told reporters Mulroney tartly replied other leaders were fuming because she issued it without face people of agricultural imports — is Mrs. Thatcher sat at the Wishes to A Practice to 1458 Columbia Avenue Castlegar (Former Bun City Bakery) +. peace Pp first telling them he Commonwealth in Mulroney said the other leaders were **blindsided"’ conference about two feet away from me. She was there by Thatcher's unprecedented move. Robert Mugabe of Zimbabwe called Thatcher's action * meseld Bete 0 miner trating and I made my remarks directly to her.’ And Thatcher thinks that thanked for her efforts ONE TO THANK apartheid will fall and new Tackama has 50-per-cent interest in Cantree Plywood Corp. which operates a plywood plant in Richmond with an annual capacity of more than The purchase of Tackatma will in 100 million square feet crease Slocan’s consolidated assets by It also owns 10 per cent of Fibreco $42 million to approximately $163 Export Inc., operator of a bulk wood — million partner, enforces few restrictive despicable and some day she'll be Cranbrook Television provides cable service to about 7,200 sub- scribers in Cranbrook. Creston Cabled provides cable service'to about 2,000 subscribers in Creston Casey Haneymayer, president of economic sanctions were imposed measure unacceptable”’ and said it aimed “‘to tell the apostles of apartheid that Britain is still their friend.” heading to The Commonwealth could be Mulroney w cheduled to leave Kuala Hawaii f Thatcher predicted she will be hailed by South Africa's eventual PLUS DEPOSIT For Appt. Call La Lunifiur A0G8y, fight more One day, she said 365-3803 24-hour rest before flying Costa Rica, for 4 sum North and South American countries apartheid leaders be e her op. leaders will take over in Pretoria “who will inherit a And out of the 49 members of the ment on how to make points in international summitry. It could betray a souring.of relations between Thatcber and Mulroney, significant than just a disagre 365-2220 position to sanctions ha keep onto San Jose strong economy For cmt a the économy there strong mit meeting _ of Commonwealth, they will have one to thank for that." Mulroney Inan interview wyh CBC FERRARO’S Your satisfaction is our main concern ow & Sale produce now at Chahko Mika Mall Monday, Oct. 23 to Saturday, Oct. 28 new top quality 2 great variety “~ Men’s Fleece Sweat Pant & Top Sets Regular $49.99 $19.99 WAREHOUSE BLOWOUT SALE! CITY CENTRE SQUARE Downtown Castlegar 6 DAYS ONLY! 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