as_Castlegar News _Morch 15, 1989 March 15, 1989 VANCOUVER STAY DOWNTOWN CENTURY PLAZA HOTEL Ail Suite Hotel Clone to kverythng Satelite Mos (enpives Moy 1.1999) PHONE TOLL FREE 1-800-663-1818 OR CALL YOUR TRAVEL AGENT Selkirk College presents DISTINGUISHED SPEAKERS SERIES VASILII BELOV Soviet Novelist, and W.D. VALGARDSON Canadian Novelist Chabot leads fight VANCOUVER (CP) James Chabot, a Tornmer Social Credit cabinet mifiister, is leading’ a shareholder group aimed at fighying Westar Mining Ltd.'s financial restructuring plan. Chabot, who was provincial secretary before leaving politics in 1986, ‘said he has owned Westar Mining preferred shares for two year The Westar Preferted Shareholders Protection Society, which he formed recently, has about 10 members so far, he eat “The majority,of shareholders Swill lose money under this chintzy offer,”’ Chabot said from his home in the southeastern British Columbia com munity of Invermere “As alternatives, we suggest Westar The “chintzy”* offer € baba refers to is the proposat-by Westar"Group Ltd. (Westar Mining's parent com pany, and formerly B.C. Resources Investment Corp.) to exchange its own shares for the preferred shares in the mining company For each preferred share, the holde will have. the option of taking seven Westar Group shafes, or one share and a unit entitling the holder to receive one additional share on éach anniver sary of the effective date of the restruc turing, up to and including the fourth anniversary, and six shares on the fifth anniversary (11 shares in all) Westar Mining preferred traded Tuesday at $9.25 and Westar Group common shares were at $1.30. shares turing earlier this’ month, Westar Mining said-it could be put out of business if the plan is not approved by creditors and shareholders Chabot said in a news release-trom the shareholder group’ that “the current necessity for a restructuring plan is undeniable. But he said the fairness of the proposal to the preferred shreholders leayes much to bé desired." The need for restructuring results from breaches in cerjain terms of the company’s bank indebtedness that oc curred in 1985, Among other events this year, Westar Group acquired Westshore Terminals Lid. the Roberts Bank coal port — from Westar Mining, and the latter paid $95 Cabot said. PRE-SPRING CLEANING SPECIAL es aaa % Drapes ... 2 Oc BEL-AIR CLEANERS Castleaird Plazas 365-5145 DON’T FACE THE NEW TAX LAWS ALONE! With the sweeping changes in the tax laws, many Canadians are confused as to how their income tax returns will be affec- ted. At H&R Block, we have the answers. Our specially trained tax preparers will always find you every deduction and credit to which you gre entitled. Come to H&R Block this. year — we'll get you the biggest refund you have coming. ‘A CHANGING WORLD FOR SOVIET AND CANADIAN WRITERS Brilliant Cultural Centre Sunday, March 19, 1 p.m. ADMISSION: $5 Tickets available at The Bookshop in downtown Castlegar Selkirk College Bookstore, Carl's Drugs, the Doukhobor Village Restayrant, Oliver's Books in Nelson, L & J Books in Trail and at the door kirk 8% allege million in common dividends, of which $63.2 million was paid to Westar Seven Westar Group shares were wor th $9.10. In announcing its proposed restruc should make a more realistic offer or leave the preferred shares in place as JIM CHABOT . offer ‘chintzy’ they are now.” Group. PULP MILL PLAN SHELVED The government, however, appeared to leave the door open to further discussion, either with the project partners or with new investors. This did not sit well with Phillip Toyne, director of the Australian Conservation Fletcher reports record The New Fletcher Foundation, who said the move meant only a temporary reprieve for Tasmania’ s forests. TREES NEEDED ot against pulp mills as IF THERE'S EVER A TIME FOR = oe ti Box 1200, Gastlegor, B.C. VIN 3J1 Toyne said his group was 1761 Columbia Ave., Castlegar 365-5244 CASTLEGAR CAMPUS b aiapate long as environmental guidelines were met, but added r ee that he wanted the federal government to insist that Next to The Ocean, We're the Main Attraction! TOLOVANA canon seacy Swaee I IT INT VANCOUVER (CP) Zealand-based Challenge Canada has reported record sales and earnings forthe first six mort ths of its fiscal year, thanks partly to its it’s Now operators establish hardwood plantations to feed the mills. SYDNEY, Australia (CP) — A decision announ parent of ced today by Noranda Forest Inc. of Canada and «its Austratiam partner-to-abandon its ptans for a $1 billion Cdn pulp mill-was met with cautious optimism by Austratian environmental groups who opposed the coni- troversial project in northern Tasmania. Noranda and North Broken Hill Peko of Australia said tougher guidelines imposed by the federal cabinet would not be met. The cabinet had decided late Tuesday to insiston extra envir 1 controls as a condition for granting foreign investment approval for Norannda ourit—the—origirat Envir Euidelines were 50-per-cent stake in the project changed The conditions included ‘detailed oceanographic Paul Keating, Australia’s treasurer, said ata Can. and biological studies of the area near Wesley Vale, _ berra news conference that the government outlined the to be affected by the effluent as well as new guidelines to the two companies and said there was Famil ja r fa ce ragesancd US: sabes 8 ng Sart ‘surrounded by Secret Service agents, was of Jim Pattison. Selkirk College photography nough to snap a few photos of Reagan as he Early this morning, project officials met with the government in Canberra at which time it was thought that Noranda and-NorthBroken_Hill might agree to tougher environmental monitoring of the proposed plant Bui a North Broken Hill spokesman said the new student April yeti isa get close signed autographs for onlookers. Canadian holdings. Photo by New provincial budget will try to ‘doit all’ VANCOUVER (CP) both tax Fletcher Challenge Lid.’s -con solidated. net earnings were $237.6 million or 24 cents a-share, for the six nonths ended Dec. 31, 1988, com following through with a threat by the companies to pull 2. 2 Defects won't trim shuttle guidelines set by the government were too tough, share for the same period in the previous year Sales at midyear incre ‘sed by 36 per cent to $4 billion from $2.9 billion There will for deciding to back~down on—his~ tough battle in the riding vacated by Tasmania, om a willingness on the part of the government for the The earnings were the highest ever A The Pounding Paci _— at Your Doorstep! The ideal rendezvous for people in love with the Oregon Coast. 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There definitely should be ex penditures in a whole range of areas.” said Couvelier We're going to try and do it all Couvelier made the comments af ter a mecting with the Vancouver Board of Trade Theluncheon wrapped-tp-a—two: day meeting at a downtown hotel where Premier Bill Vander Zalm, hi cabinet ministers and backbenchers mapped out strategy for the legis lative session that resumes Thursday Caucus members stressed that the ng that plagued the party last hind them said caucus chair added that hers will be playing a morc s old past 1 Gran, who backbenc high-profile role A folksy Vander Zalm, with a pipe in hand efforts during the meetii » chat and shake in the government made hands with Vander Zaln made attacks on NDP Leader Mike Harcourt a theme of the meeting, castigating Harcourt FOR MORE INFORMATION READ ON, ,, support of the Meech Lake constitat- Kim Campbell, the ional accord giving Quebec status as a distinct society former .Socred backbencher who successfully ran as. a Tory in the federal election Vander Zalm accused Harcourt of ed Michael who has backtracked from his claim candidate Levy being hypocritical for attempting to woo big business last week by telling that 80 per cent of Socreds in his them the NDP favors the creation of riding are troubled by Vander Zalm, wealth invited the TEAM PLAYERS Levy Past critics of Vander Zalm, former cabinet. ‘ministers Gracé McCarthy _ provincial and Brian Smith, both of Wilson restgned-fronr-cabinet-after—attacking The the premier's leadership took pains to tell premier into the riding faces stiff from NDP candidate Tom Libertal competition Perry and Leader Gordon whom byetection being held in thé Vancouver riding of Nanaimo the reporters they were team same day got little Socred caucus meeting Vander Zalm was scheduled to do In that race NDP candidate Jan some over Socred Liberal Ray mention at the door-to-door Pullinger is favored McNabb and Brookbank Current standing in the legislature Socreds is. Social Credit 44; NDP 22; one made it no-secret that they face Independent and two vacant Lacroix sentenced QUEBEC (CP) campaigning in the riding of Vancouver-Point Grey — Larry Tuesday held today where a byelection will be During the caucus retreat Roman Cathotic evangelist Pierre pack the Montreal Forum with fans of Lacroix his fervent U.S.-evangelist style miled serenely Tuesday after being preaching and became a household found guilty on a charge of gross in- name in Quebec through a daily TV cency involving a maleyoutt how that was yanked off the air after 1am at peace,” said Lacroix, 40, his arrest last fall cquitted on two other charges of gross Defence lawyer Carol St-Cyr would indecency by @ jury Which took nearly “mot comment except to note the three days toreach a verdict preacher originally faced seven charges Lacroix, a religieus spell-binder and — but ‘‘now there is only one.’” Three self-styled healer, faces a maximun He said he charges of gross indecency and one of prison term of five years attempted sodomy were dropped before the trial for lack of evidence will appeal the verdict Lacroix, free on bail since his arrest, is going to be a long road perhaps,"” predicted Lacroix, a was found guilty of engaging in sexual married father of four. But he said he — acts with the youth in hotel rooms in hap not lost faith in justice several cities_in the province. between The bearded lay predcher used to 1984. and 1987. . . mission CAPE CANAVERAL, Fla. (AP) Discovery's lights were dimmed and some computer screens were darkened today as engineers debated whether a hydrogen-tank value problem was serious enough to bring the five-man crew home a day early Mission Control engineers plar run a test on the hydrogen tank, part of the shuiue’s electrical gen system, in hopes that they ca sticky valve into working proy The problem does not thr astronauts, but it could a length of the mission We're optimistic uiat we home on Saturday as planned," flight director Ron Dittemore said t uy. He said the decision will not be made unt engineers turn on a heater in the tank and monitor the flow of hydroger through the valve Some engineers believe there i reason toshorten the planned five-day mission, said Dittemore,beeatisea similar erratic pattern v hydrogen tank valve when flew in September. Ther power problems on that miss Dittemore said M believes it can cause the ction property by using or k instead of the t would slow the flow nydrogen into the gene ‘ reducing the buildup of pressure against the valve In any case, Dittemore said a Friday landing is unlikely because the weat forecast is poor for the prime landing site at Edwards Air borce Base; Calif The forecast is better for Saturday, he said ROYAL CITY ANTIQUES development of an environmentalmanagement plan to monitor the plant’s effect on the environment project to proceed Alberta gas slated VANCOUVER (CP) — As much as 20 per cent of the natural gas slated for the proposed Vancouver Island Shell Canada fined WINNIPEG (CP) Products Ltd. was Shell Canada fined $100,000 Manitoba company guilty of price Tuesday after a court yund the fixing In imposing the fine, Mr. Justice Daniel Kennedy of Court of Queen's Bench said he that a Shell representative was acting accepted arguments on his own when he urged a Winnipeg car wash to raise its prices. I am prepared to accept that the incident resulted 'from the actions of an aggressive and vigilant represent ative of Shell,"" Kennedy said (And) not as a result of a deliberate, flagrant policy of Shell." Shell. was convicted Feb. 28 of violating the. federal Competition Act The court was told the car wash lowered its gas prices by two-cen a-litre in July 1986. Shell represent ative Bruce Lettner told Jet Auto: matic Car Wash the move would start a gas war and Shell would be “ticked off’ if prices were not raised third ft—was—the time —an_ oil pipeline would come from Alberta, a public hearing was told Pacific Coast Energy Corp., the project's builder and operator, rev ealed during cross-examination at the B.C. Utilities Commission that Ed monton-based Chieftain Develop ment would supply about nine million cubic feet per day of natural gas from its Alberta fields That’s approximately 20 per cent of the 39-48 million cubic feet per day the project is expected to use Chieftain's parent, Alberta Energy Corp.. is one of the two Pacific Foast backers for the project. The other is Vancouver-based Westcoast | Energy Inc Pacific Coast disclosed the Alberta gas portion during cross-examination by the Council of Forest Industries of British Columbia the seven major pulp mills which which represents make up the industrial users sector J.J. Camp. lawyer for the council asked'the Pacific Coast company why Alberta was-supplying-some-of the gas when he understood that British Columbia fields would supply it all Pacific Coast panelist Ron Maas said he was not project's aware of any objections-to some of the gas being supplied by an Atberta producer. He said since Chieftain was one of the pipeline’s sponsors it wanted to supply a portion of the gas Four other suppliers, and their estimated gas volumes, were also identified during testimony. They are: Westcoast Petroleum (two. mil lion cubic feet per day), Texaco (3-5 million cubic feet). British Petroleum Canada (5-10 million), and Reming ton (15-17 million). There are two other potential suppliers who were not identified Forest spending touted VANCOUVER (CP) The Canadian forest industry will have to spend up to $940 million more in research and development if it hopes to match other wood products producers like Sweden and the United States, federal Forests Minister Frank Oberle says Greater co-operation between the In the United States and Sweden about 2.5 per cent of the value of wood products sales-ends up being chan nelled into research and development, compared with 0.6 per cent in Canada, he said. One U.S.-based multinational the Weyerhaeuser Co. money slated for has more research and reported for a six-month period by a New Zealand-based pany said ina news release Chairman, Sir Ronald Trotter said much of the strong performance was attributable to contributions operations acquired in the last two years He singled out all-time record ear nings from Fletcher Challenge Canada and exellent returns from Petrocorp, the New Zealand energy company “Fletcher Challenge Canada, now er-cent Owned by the company, and Petrocorp, which was acquired in March 1988, had a significant impact on the Group’s results,” “(It helped) offset growth in New Zealand, many of our domestic businesses.** firm, the com RICHER! IM FEBRUARY 1st TO MARCH 31st 1989, from SYSTEM, THE INSTALLATION WILL COST YOU... You're already aware of the fantastic benefits “a water treatment system has to offer. 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WOMEN’S GUIDE TO PROGRAMS AND SERVICES FROM THE GOVERNMENT OF CANADA nada is com- DIRECTORY of Federal Government development than does the recently reconstituted federal Forests Ministry, Oberle added “Lhope we don’t run out of timber before we make the necessary adjust been convicted of slating Sec. 38 of ‘the act, and the private and provincial and federal governments is crucial if first time in Western Canada. 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