2»,, Ab Castlégar News March 4, 1990 ‘A World Wide Pictures release in color Featuring BILLY GRAHAM with a message of nope Sunday March 4 — 6:30 p.m. NEW LIFE ASSEMBLY — 602-7th $t., Castlegar * 365-5212 SUPPORT ED CONROY FOR NDP NOMINATION MAY 5/90 Last day for New Memberships for nomination March 7, 1990 Call: 365-3270 365-7575 ° 365-2841 Paid for by Committee to elect Ed Conroy. Ontario to join in action VICTORIA (CP) — Ontario decided Thursday to lend more than moral support to British Columbia in taking the federal government to court over limits placed on Canada Assistance Plar® payments, says @ spokesman for the B.C. Attorney the **We had two discussions with them today (Thursday). The Attorney General of Ontario spoke to the At- torngy General of British Columbia. They'll (Ontario) file a separate argument."” When the B.C. government—an- nounced its court action Tuesday, Ontario Attorney General lan Scott support,”” but did fot specify further. The B.C, government filed” a motion Thursday in the B.C. Court of Appeal.in Vancouver asking for direc- tion in proceéding with the case. The motion amounts to asking the Appeal Court to outline dates when ‘the province can make its case, when the federal government can reply and said his government ‘‘will lend its dates for any other interested parties continued from pot worked. Now we look to government to get things done and community spirit is a secondary con- sideration."” Time way running out and I had my second question: ‘*Bill, all your life you have supported and promoted this community. What do you think of the prospects for the future of Castlegar?”’ This time he didn’t hesitate. “I really think that Castlegar is the natural centre of the West Kootenay,” he said. ‘Trail and Nelson are the older towns, but all sorts of patterns are changing and Castlegar is in a position to take advantage of these changes since it really stands at the crossroads. The future is here if we have the vision and the courage and the energy to make it so.”” “Can you give an example?” | asked “Towns have always prospered if they were on transportation crossroads, particularly so if they had ing speci: offer to or in i and, more particularly, if they were offering high- grade merchandising and variety as well. People will come a long way for good quality and wide choice in the market place. We have a few individuals here but not enough to set us apart from Trail and Nelson. Not enough to make customers come here because it is, special.” nd if we lack the courage and vision?"’ I asked. “Where there is no vision, the people perish,"’ Bill said. ‘*I don’t know where it comes from but it’s right on.”” “Proverbs,” I said, ‘but I don’t know exactly where either.’” “*Right on,” said Bill, as I hurried to get home before the soup got cold. € Anyway who am I to question such a senior authority as Bill and the Bible. Save 30% on our entire collection of White Formal China, Lead Crystal & Flatware *Off suggested retail prices Limited time only at... CARL'S PLAZA DRUGS Your Friendly Pharmacy ra * 365-7269 cele AT 365-3551 The all new 1990 Hampton 14'x70’ Mobile Home — Best Deal before the.GST takes effect! © Qualifies for CMHC Financing SEE: NORTHWEST HOMES OR CALL FRITZ 4375 COLUMBIA AVE., CASTLEGAR * DEALER 6583 NORTH VANCOUVER (CP) — Rising costs and easing of inter- national tensions prompted the federal government to cangel the Polar 8 icebreaker, Finance Minister Michael Wilson said. “We looked at this projéct, we looked at the increased costs, we looked at the change in the inter- national environment, we looked at The economic future of Castlegar is exciting to say the least. Real Estate has enjoyed a healthy rebound in the last year and continues to be strong. We have clients waiting to buy, however, we need listings to accom- modate the demand. If you are thinking of selling, contact me for a FREE, no obligation, market evaluation If you are thinking of buying, give me a call or drop in. | will be pleased to show you what is available. Castlegar —— REALTY 1p. MICHAEL KEREIFF 365-7825 365-2166 1761 Columbia Ave., Cast / B.C. the agi that we reached with the United States a couple of years ago,”’ Wilson told about 200 people at a chamber of commerce breakfast Thursday. “We also looked at this against the background of our important fiscal problem and decided that it was not possible for us to proceed with this project.”” Government officials have estimated the cost of the project has risen to about $680 million from less than $400 million when it was first proposed 16 years ago. The agreement with the United States Wilson referred to followed voyages by the U.S. icebreaker Polar Sea_and Polar Star through Arctic Select the best Kootenay Office Outfitters 365-7454 Fax: 825-9484 354-3855 368-3644 Castlegar: Nelson: Trail: waters claimed by Canada in 1988. The U.S. government told Canada it did not need permission to ply those waters. Earlier, plainclothes RCMP of- ficers whisked Wilson past Bout 60 local shipyard workers who shouted at him that he was killing the West Coast industry. The union workers also shouted down Associate Defence Minister Mary Collins, whose riding includes part of this suburb. “We're in tough financial times right now,’’ Collins told the angry Our Action Ad Phone Number is 365-2212! A MATTER p OF LIFE + ANDO BREATH support Your Lung Association to present arguments, the ministry spokesman said. The Appeal Court will respond to the motion on Tuesday, he said. The province is suing the federal government over limits placed on Canada Assistance Payments in last week's budget. Attorney General Bud Smith said this week Alberta and Ontario, two other provinces affected by the limits, support the action. The ministry spokesman said the provincial government has not heard from Alberta whether it is interested in joining,the court action. Smith wants the B.C. Court of Ap- peal to rule whether the federal government can limit Canada Assistance Plan payments and if it is breaking the 23-year-old BUSINESS Towns called understanding VANCOUVER (CP) — Mining towns should not be surprised when ies close local a senior Cominco executive said. . “If you go into communities where mining takes place in British Colum- bia, they understand very clearly the cycles,”’ said Ted Fletcher, Cominco’s senior vice-president of metals and mining. Cominco announced six weeks ago that it would close indefinitely its Sullivan lead-zinc mine at Kimberley. About 700 workers have been out of work since Feb, 15. Fletcher, who was attending a mining seminar, declined to comment specifically on the Sullivan closure but said booms and busts in the in- dustry are nothing new. “We've been through 100 cycles in 100 years of various types,”” he said in an interview. Residents of mining towns ‘‘are not n “They clearly und d the risks commodity aspects of marketing minerals,”" Fletcher is also chairman of the Mining Association of British Columbia, which organized several events for its mining week, Feb. 26 to March 2. Outside the seminar, the association displayed letters from about 60 communities in the province of living in those communities associated with the international mining week. There was no letter from Kim- berley. Northern mill proposed VANCOUVER (CP) — Alcan A Federal Finance Minister Michael Wilson said in his budget speech last week the payments would be limited to an annual increase of five per cent for the next two years. Services Minister Peter Dueck has said the limits will squeeze British Columbia hard when the economy is down and welfare cases are up. The funds have been designated for welfare programs under a 50-50 cost- sharing formula. The funding program began in 1967. Polar 8 cut after consideration, Wilson says MICHAEL WILSON ... ‘decided it was not possible to proceed’ workers before entering the local sports club for the breakfast. “These people think they’ve been betrayed, betrayed in the worst possible way,’’ said John Fitzpatrick, president of the Marine. Workers and. Boilermakers Industrial Union, which represents some of the shipyard workers “We've lost the battle but it’s going to be a long war."" The icebreaker project was ex- pected to employ more than 1,000 workers and was to be built at shipyards here and on Vancouver Island. **I don’t think we're destroying the shipbuilding industry,”’ Wilson told reporters later. { “Certainly there will be an impact because of the loss of this contract. But there are other contracts. “The provincial government is looking at letting contracts for four different ferry boats. The em ployment impact of those would be about double what. it would be with Polar 8."" Ltd. and four. Prince George sawmills have joined forces to propose building a $300 million ther- mo-mechanical pulp. mill in Van- derhoof that would provide 175 new jobs in the region. Submitted by Vanderhoof Pulp and Paper Ltd., the proposal is one of six released Thursday by the Forests Ministry in response to notice of a large sale of pulpwood trees in the Prince George region. The four,mills joining Alcan in the proposed venture are Lakeland Mills, The Pas Lumber, L'M Lumber, and Apollo Forest Products. The four mills have two common shareholders — Ivan Andersen and Bob Stewart. The new company is headed by George Killy, who owns a third of Lakeland Mills and The Pas Lumber. The Vanderhoof Pulp and Paper proposal is a convenient marriage of Alcan’s power supply with excess chips produced by the Prince George mills, Killy said Thursday. But for the project to go ahead the TORONTO (CP) —_ The Canadian Imperial Bank of Commerce managed to increase its profit in the first quarter of the year by eight per cent to $219 million compared with the same period last year. The increase came even though Brazil did not pay any interest on its loans, the bank said in a news release. Brazil paid interest of $80 million in the first quarter last year. Profits increased Earnings per common share for the first quarter ended Jan. 31 were $1.15, compared with $1.10 in the first quarter of 1989. CIBC, Canada’s second largest bank with assets of $105 billion, sold Third World loans with a face value of $100 million during the quarter and received $30 million for them. The loans sold were fully reser- ved so the bank could have added the $30 million gain to its income. Weekly stocks TORONTO (CP) — To the sur- prise and relief of many stock wat- chers, North American stock markets ignored a sharp sell-off on the high- priced Tokyo stock market and even managed respectable advances. The Toronto Stock Exchange com- posite 300 index gained 7.27 points Friday to close the week at 3,707.42. That produced a net gain of $4.83 points for the week after a 79-point drop the week before. In New York, the Dow Jones average of 30 industrials jumped 24.77 points, Last week the Dow fell 71 points. “The market was rather strong, at a time when ny people thought it wouldn’t be,” said Ira Katzin, a broker with Merit Investment. Investors are waiting for the in- terest rates to come down, Katzin said. The Tokyo market, which recorded its second-biggest plunge in history on Monday before the North American markets opened, was pushed down by the prospect of higher domestic in- terest rates. “All things considered, the market is acting very well,” said James An- drews, head of institutional trading at Janney Montgomery Scott in New York. ‘It’s showing character.”” In Toronto on Friday, advancers led decliners 315 to 283 with 343 issues unchanged in moderately light trading volume of 20,299,246 shares worth $232,251,351. For the day 12 subgroups advan- ced, led by metals and management companies, and two declined, gold and financial services. For the week, metals was the largest of the 11 gaining groups, up 7.3 per cent. The three decliners were gold, pipelines and oil. On other Canadian markets: the Montreal Exchange’s portfolio index inched up 0.14 points Friday to close at 1,896.00 and end the week with a net gain of 43.64 points, and the Van- couver Stock Exchange index was up 1.26 points to 736.22, for a net gain of 7.02 points. INTERIOR VACUUM CENTRE SALES @ SERVICE ALL MAKES & MODELS! Closed Saturday & Sundays! 365-2512 2181 Columbia Ave. H&R BLOCK company must be granted cutting rights to hardwood near the proposed mill, Killy said. He said the company wants to build a two-line mill at Vanderhoof — one line processing primarily hardwood aspen trees for a bright pulp used in the production of higher grade magazine and packaging papers. LINES PROCESS The second line would process mainly spruce trees for tissue paper and paper towel production. Ultimately, Killy said, the company wants to get into paper production. But, he added: ‘‘We’d like to take a look at walking in this business before running.”” He said the company wants to sell half its pulp in Asia, mainly in Japan Forty per cent would go to the U.S., and the remaining 10 per cent to Europe. The ministry has advertised that 500,000 cubic metres’ of pulpwood a year is available for harvest in pulp- wood area 18, a vast region in and around Prince George. Deputy Mines Minister Doug Hor- swill said a report will be presented this spring to the Social Credit cabinet recommending new rules for mining closures. Horswill was one of three panelists at the seminar, The others were Dave Parker, minister of Crown,lands, and Jim Rabbitt, Social Credit caucus chairman. “We started a mine closure task force about six’ months ago and it's just completed its work,’ Horswill said after his speech to about 60 delegates. The government is monitoring major operations at Port Hardy, Houston and Williams Lake, he said. “The three mi have a limited amount of ore left,’” said Horswill. “We don’t know if it’s a year or two or five. We have to work with the companies to try to find out.’” Parker said the mining industry generally acts responsibly but there should be advancejnotice of shut- downs to give civic officials time to plan. fae r “Just dropping it in their laps, that’s an unfair approach without question,’’ Parker said in an inter- view. ‘That sort of thing paints the mining industry in a very negative (light).”” Cominco could have handled the Sullivan closure much more delicately by first negotiating with Kimberley officials, he said. Rabbitt told delegates that the public’s perception of the mining sec- tor has been damaged by the Sullivan closure. Mining provides economic benefits for British Columbia but many people only remember the layoffs, he said. “"You can be good corporate citizens,” said Rabbitt. ‘‘In this game, perception is very much reality.”” March 4, 1990 Castlégar News AT A Big City Hotel With a Warm * Small Town Feeling Calgary’s Port O’ Call A full-service hotel with a SMILE! ¢ Free in- door heated parking © Indoor pool and whirlpool ¢ Good food — good value! $ * anight Just 59 with this ad * Special price for a spacious room plus roll-away if required Not valid july Sth -15th, 1990. CLIP THIS AD AND ENJOY YOUR STAY RESERVATIONS: (toll-free) 1-800-661-1161 INFORMATION: (403) 291-4600 FAX: (403) 250-6827 1935 McKnight Bivd. N.E., Calgary, Alberta T2E 6V4 1403 Bay Ave. DIVIBION OF EAGLE ELECTING LTo. 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