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Oct. 3 dagiime Terns, Tocedey ond Wedmecaey, INSURANCE SERVICE 1127 4th Street CONDE INSURANCE — hie parent's London home, alternately contending with the police outeide and © deadly mamba snake in the building's MORNING i H Hi i Leppert y® a H zitee la Ve iH aL alll i Saterday 8:30am. : 16:38 p.m. Sandays & Holidays Sam - 16:38pm. 1038 Columbia 365-6534 12:10 @ TS WEEK COUNTRY Brendes Lee. 12:40 @ MUSIC CITY U.8.A 1:10 BACK) WITH ‘AfterMasHt CBS — Tusedays OE INSURANCE INSURANCE SHOP 1127 4th Street 1H} Hl ane i ist | i ! [ H 3 Lf £ H 2 ii lia TANK SERVICE ‘We cleon up your oct 365-7007 Matte 412511 il AT ‘ido, but sign here please’ By EUGENE ELLMEN The Canadian Press When couples standing at the altar pledged to love, honor and obey, it used to be for ever and ever. Now there's a good chance that within 12 years that starry-eyed pair exchanging vows will end. up in an acrimonious, expensive and lengthy divorce. Domestic contracts are agreements setting out how property will be divided, support will be paid or children will be educated after a marriage breakup. They have varying validity in P but law pi Carol Rogerson says they are a good idea for all married and unmarried couples living together. Rogerson, who teaches family law at the University of Toronto, says can save th ds of dollars in legal bills in the event of a breakup and help divide a couple's assets before the split occurs. “Court is an adversarial situation,” says Rogerson. “You bring up all sorts of sordid details of life together in court that really inflame the situation.” Such acrimony can be avoided if the couple plans ahead, she says. “From Day 1 of the relationship they (the couple) can basically say: ‘If and when we separate, this is what will happen.’ ” In addition, act asa of recent changes to family law and a changing attitude toward and coh out of THE BEGINNING .. . A blast which removed 15 cubic metres (530 cubic feet) of rock marks the beginning of of two major contractors working on the tunnel, will u excavation of the 14.6-kilometre railway tunnel through Mount MacDonald on CP Rail's $600 million Rogers Pass project. Selkirk Tunneb Constructors, one pl to excavate the first 137 metres, then @ 6.7-metre (22-foot) diameter boring Investors snap up BCRIC issue B.C. R pleted the private pli t of has a $7.5 million issue of flow through convertible preferred shares with a dividend cost to the company of four per cent, compared to the current 10 per cent for preferred share funding. Formal closing date of the issue is Sept. 28. Because flow through shares offer investors specific tax incentives, the proceeds must be used to finance 1984-85 oil and gas exploration activities of a subsidiary, Westar Petroleum. “Flow through shares are a common way of raising exploration funding in the petroleum and mining industry,” L. Jack Smith, B.C. Resources’ chief financial officer, said in a prepared release. “We were limited to an issue of $7.5 million because that is the amount Westar Petroleum can prudently spend on oil and gas exploration in the next nine months. Because of the modest issue size we decided to place the issue privately through a large brokerage firm.” Smith said the issue consists of 1.25 million preferred shares at $6 each. “We are not selling the shares at any price other than $6 per preferred share. That is what the buyer must pay and that is what B.C. Resources receives. “Investors, depending on their earning levels, must qualify for tax deductions and benefits, which could total $4.05 per share over 18 months, before capital gains tax is applied,” Smith said. The preferred shares are copvertible to common shares at $6 each after Oct. 1, 1985. Smith dismissed charges by stock promoter Murray Pezim that B.C. Resources is trying to arrange a special deal for a privileged few through the company’s choice of a In 1968, there were 68,567 divorces in Canada, a 2.7-per-cent drop from the year before — the first decline since 1971. The divorces were registered after an average of 12 years of marriage. Divorce experts say one of the reasons for the drop is that more unmarried couples are living together. PROVINCES UPHOLD Domestic contracts have become particularly since 1978 when they became expressly permitted in Ontario with the passage of the Family Law Reform Act. While domestic contract ‘tion varies in other provinces, Rogerson says they have always been popular in Quebec and are generally upheld in other provinces. The Ontario Family Law Reform Act, which increased the rights of disadvantaged spouses after breakups, made provisions for couples to draw up their own breakup through Before this legislation, Rogerson says, Ontario courts overruled such contracts because publi policy prohibited married couples from anticipating divorce. There are three types of domestic contracts: separation agreements, drawn up daring marriage breakdown to avoid a court battle; marriage contracts, agreements drawn up before or during marriage making arrangements for a possible breakup and cohabitation agreements, contracts drawn up by unmarried people living together who want to plan for s possible breakup. Rogerson says the most common contracts are separation agreements, routinely drawn up by separated couples planning to divorce. But she says there is also growing interest in marriage contracts and cohabitation agreements by spouses who want to protect their assets or previously divorced people who jeopardize support payments and security if their new relationship goes sour, he¥ay BAY DAY FLYER The following items ore not carried in the Trot Store Page 19 — Broadioom and Drapery Page 20 — Lompshades, Boxed Candies and Artificial Flowers Page 23 — Paint and Tropical Plants The Bay wishes to apologize to its’ for any inc private “We sincerely regret this because it has left a false Pp! with many of our shareholders,” said Smith. “The fact is there have been many such private place- ments of securities with Canadian investors this year, with little attendant media or public interest,” Smith added. “It made business sense to use the private placement method, for the reasons stated earlier. However, the critics suggest that B.C. Resources should not do this, should not be able to compete for the lowest cost financing on the same basis as other companies,” he said. eS “