Ab Castlégar News

, Janvary 7,.1989

TOP SALESMAN

BRIAN BEBELMAN

Neil W. Kalawsky, President and General Manager of Kalawsky Pontiac Buick (1989) Ltd. is. proud to an nounce that Brian Bebelman is our Top Salesman for December 1989. This is his second consecutive Top Salesman Award and he con tinues to fill the automotive needs of countless loyal customers honestly sins cérely, and professionally Give Brian a call. He has the right vehicle for you

CALL COLLECT BUS: 365-2155 RES+365-2556

KALAWSKY PONTIAC BUICK GMC (1989) LTD 1700 Col. Ave., Castlegar D-8917

Skelly - won't apologize

VANCOUVER (CP) — Bob Skelly, former provincial New Democratic Party leader, says he will not withdraw or alter comments he made in the House of Commons linking the 1986 Social Credit leadership convention with improper financial disclosure.

Skelly, now member of Parliament for Comox-Alberni, also says he will not apologize to Premier Bill Vander Zalm fot his comments because he doesn’t see anything damaging about them

The former leader told Commons Dec: 4 that a close friend of the premier paid campaign expenses for candidates who later supported Vander Zalm.

In a telephone interview from his Ot- tawa home, Skelly said he hasn’t yet received a letter Vander Zalm sent him on Wednesday, but that someone read it to him over the phone

After reading his speech in Hansard, the daily’ record of parliamentary proceedings, he said he believes Van- der Zalm’s reaction ‘was just for political purposes."’

“It was not my intention to take a potiticat shot at him,’’ Skelly said. “1 was just pointing out the rumors that were circulating about the Socred con- vention.

“IT don't think he’s interested in

Upbeat

. tapping son, opening

4

* t

rior to the

s S Castlegar and District Aquatic Centre.

CosNews p

g the official

Lorren Culley leads Stanley Humphries secondary school 's Jazz Band through a variety of toe

g of the

correcting the record. It’s just politics, and he’s entitled to go after me if that’s

the way yu choose to play the game:"”

— LICENCED DINING ROOM —

D-sar-D pininc ounce Closed For the Holidays!

Located | Mile South of Weigh Scale in Ootischenia

Bill Vander Zalnf and the Social Credit government would have fighting chance if a British Cofum- bia election were held today, a province wide poll by a Vancouver newspaper suggests

VANC ter Zain P)-

365-3294 The preimier, who is scheduled to

makea Jan. 17 radio and television

Dp

HOLIDAYS

Saturday, December 23 to Sunday, January 14 JANUARY 15, 1990 Back to Our Regular Hours.

address to the province about his political future, showed some strengths in the suryey, which was conducted by The Angus Reid Group for the Vancouver Sun.

About 54 ‘per cent of those polled said he should resign while 40 per cent said he should ‘‘stay and fight to turn things around before the next election.”

ON

1004 Columbia Ave.

Phone 365-8155 The poll involvag a sample of 800 voters and is Fonsidered ac-

/ 19 0ut of 20. A Reid

given the many controversies ii

prewie? \\ curate within 3.5 percentage points

jroup Analyst said that

in

which Vander Zalm has been in-

volved, the vote was surprising!

ly

close and showed Vander Zalm has

considerable support.

“If you ran these two (Vander

Zalm and New Democrat Part leader Mike Harcourt) against eac other we wouldn’t really want t Predict an NDP victory,"’ sai Mike McKenzie. ‘‘It would be horse race."”

The poll, however, showed th New Democratic Party remains th first choice of B.C

y h oO id a

e e

voters — and

Harcourt outscored Vander Zalm

on almost every issue except th economy.

When asked which party, regar

e BILL VANDER ZALM .. ina horse rate

Poll gives Socreds chance

dless of leader, they would vote for if an election was held now, 41 per cent of the respondents said NDP, 36 per cent said Socred and. seven per cent replied Liberal

Vandér ‘Zalm refused to com- ment onthe poll

Harcourt said the poll results are a disaster for the Socreds because they show the majority of B.C. voters now identify with the values

~of the NDP.

The poll results show a fun- damental shift in B.C. politics, he said.

The poll questioned people on which party most closely represen- ted voters’ personal values

Of the respondents, 39 per cent identified with the NDP’s values, 33 per cent with the Socreds and 11 per cent replied Liberal

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sy. January 7, 1989 Castlégar News ar

v

Wilson named to IMF post

OTTAWA (CP) — Finance Minister Michael Wilson, embroiled in controversy at home over his proposed goods and services tax and upcoming budget, faces one more problem at his new job at the International Monetary Fund. T

The United Nations agency last

week appointed Wilson chairman of a powerful 22-member committee that

* sets policy for the fund, which lends

billions of dollars to poor countries and promotes a stable world economy.

But Wilson’s skills in stick-handling tough budgets and his unpopular tax should help resolve an international

Bank of Montreal must apologize

EDMONTON (CP) — The Canadian Human Rights Commission has ordered the Bank of Montreal to apologize to two women for requiring their husbands’ involvement in loans.

Tike bank refused to give Edmon- tonian Beverley Baylis a toan in 1987 without having her husband co-sign. And Jean Chadwick of Kazabuzua, Que., said the bank demanded her husband be a co-owner of her car before she was granted a loan.

The commission announced Friday it ordered the bank to apologize in writing to the women and pay $1,000 compensation to Baylis and $500 to Chadwick

Baylis already received a letter from the bank @ year ago saying the bank

should have Statedvany * ‘credit- worthy’ person could have co-signed the loan.

Also the bank agreed to remove her husband as co-signer.

Baylis applied in July 1987 for $15,000 to set up a new business. As collateral she put up the family home, valued at $200,000 and solely in her name, as well as several (housand dgilars in mutual funds.

The bank refused to make the loan without her husband’s signature. She recéived $13,500 only after her husband co-signed and she put $35,000 in mutual funds aside for the bank.

Bank spokesman Don Peacock of Toronto said there if no policy requiring a spouse to co-sign ona loan.

VANCOUVER (CP) — Crest- brook Forest Industries Ltd. con- tinues to be the most profitable of all publicly owned B.C. forest products companies.

The latest financial performance report on the industry compiled by

Crestbrook most profitable

cent in th nine-month period.

The Price Waterhouse report shows that overall return on assets for the 10 companies surveyed was 7.6 per cent, down from 10.9 per cent in the first nine months of 1988. The decline partly reflects a

Price Waterhouse Consultants in Vancouver shows the Cranbrook-based firm with a return on assets of 18 per cent in the first nine months of 1989. Crestbrook has posted-the best Teturn on assets’ ratio since at ledst 1987, when it earned 17.9 per cent or 17.9 cents on each $1 of assets. The second-best performance came from the smallest company in the group, Primex Forest In- dustries Ltd., of suburban Delta, with a return on assets of 12.5 per

12-pei y year drop in industry profits.

Price Waterhouse said the short- term outlook for market pulp, con- tainerboard and coated papers was for steady to slightly weakening markets.

The strong Canadian dollar and increased stumpage and silviculture costs continue to squeeze earnings on the wood products side. Similar conditions are expected to continue over the near term.

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dispute over how much to increase the financial resources for the IMF, some economists said Thursday.

**Mike is not an agressive guy that is going to beat "em up around the ears but will be soft spoken and well reasoned and that may well lead to an improvement,’’ said Mike -Mc- Cracken, president of Ottawa-based Informetrica Ltd.

And the new job for Wilson could be a subtle sign that he plans to stick around for some time yet as finance

minister despite the political heat, McCracken added.

Wilson can keep his post as'chair- man of the IMF's interim committee as long as he is Canadian finance minister,

“It certainly scotches any rumors that he is likely to be departing in t fext month or two,"’ McCracken said] “It would be very awkward fo Canada to accept the post and then fo} Mike to be out in a short period time.”’

B.C. Rail offers to take back line

PRINCE GEORGE, B.C.(CP) — B.C. Rail has offered to take back more than 200 kilometres of rail line it sold to local forest companies for $1 about a year ago, a railway spokesman. said.

If the goes through, the Dease Lake exsatisn in northwest British Columbia will be rebuilt. The line has been idle since the early 1980s.

“We are currently negotiating freight rates from the Sustat (about 780 kilometres _ngrthwest of Van couver) with the forest companies con

cerned,"’ Barrie Wall

If an agreement is worked out, B.C. Rail will attempt to operate the line, he said.

The rights to the line were:sold to a consortium of forest companies, héaded by Prince George Wood Preserving Ltd. and Rustad Bros. Lumber more than a year ago.

The companies used a commitment to rebuild the rail line ‘as part of a bid for a 400,000 cubic metre a year timber licence in the area

said railway spokesman

Weekly stocks

TORONTO (CP) — Some disap pointing economic news sent share prices down in New York and Toron- to, but most major markets made net improvements in the ffirst week of 1990. WA

The Toronto Sto¢k Exchange 300 composite index dropped 10.54 points to finish the day at 3,990.37, but showed a 20.58-point gain on the week.

The Dow Jones average of 30 in- dustriats—fetl 22.83 10 2,773.25 on Friday, reducing its gain for the week 1020.05 points.

Analysts said the Dow was affected by the release of a U.S. Labor Depar tment report stating the civilian unemploynient rate held steady at 5.3 per cent in December. The data showed a smaller-than-expected in- crease in non-farm payroll em ployment

Traders in the bond market took the news as pointing toa sluggish economy and thought it might prompt the U.S Federal Reserve to consider éasing credit,

But equity investors evidently read the figures as a sign that further weakness might be in store for cor- porate éarnings

Some analysts also said the Dow drop stemmed from reports earlier in the day that Soviet leader Mikhail ‘Gorbachev had cancelled foreign engagements to deal with domestic problems.

On other Canadian markets, the Montreal portfolio index dropped 14.18 points to close at 2,035.23, again of-4.4 points for the week. The Van couver Stock Exchange rose 3.92 poin- {s to finish at 714.2, a 0.57 point in- crease since the previous Friday.

Coming Soon. . . See the Castlegar News of Wed., Jan. 17

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