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By KEN SMITH CP Econemics Writer

Let's say that, aside from your mortgage, you owe $800 in bills that should be paid within a month — after all, it's Christmas, so you've likely been charging a lot.

That big corporation you work for owes $1 billion

The federal government owes more than $150 billion and it’s climbing by an astonishing $3 billion a month.

What does it mean, in real terms?

First and most important, you had better have the money to cover that $800 available when needed, or you're going to face dunning letters and risk a black mark against your credit rating.

The big corporation? It can write off its debt during the next several years, or meet payments by raising more money and incurring fresh obligations.

But Ottawa is in a class by itself.

It can roll along virtually ignoring its debts almost indefinitely.

One of the frequent mistakes made by politicians and business and labor leaders — all of whom should know better — is to compare the federal government's financial position with that of your family.

Probably nothing could be more misleading, at least in terms of deciding whether a government is succeeding at what should be its basic job — improving the living standards of as many of its citizens as possible.

It’s an easy comparison to make. For centuries, the idea of family thrift has been hammered home as one of the great virtues. If a householder doesn't pay his debts, the argument goes, he'll threaten the future of not only his family but his entire community.

It's a good stand at that level. But it falls down when you try to carry it up to governments.

Why? For one thing, governments have financial resources to draw on that are undreamed of by your family. Secondly, governments can create wealth by fiddling with things like tax laws and money supply

But the most vital factor is that governments can spend money today to create real and lasting wealth in

Ottawa's debt grows

the future. That wealth will be passed on to the next generation through wages and other earnings.

Taxpayers can then afford to pay more, providing governments with the funds to pay off some of their debt and establish the confidence and credit needed to do it all over again.

DEBT CAN GROW

It's called rolling your debt over. Each time the government does it, the total bill may be larger — but if the borrowed dollars have been used wisely and have created new wealth, that increased debt load can be met easily.

If this works for governments, why can't your family try it?

You can — if you're mightily rich and have the resources of a Bronfman or an Eaton.

But if you're Mr. Average — well, try it on your banker. Tell him you want to borrow $100,000 to build a future financial jackpot and your yet-to-be-born son will

pay the bank back.

He may be too polite to laugh in your face, but he'll probably phone the funny farm to pick you up.

There's a catch involved, of course, or else governments would have solved all their problems by running the printing presses 24 hours a day to churn out new money or bonds.

The catch is that government debt must be used to create new wealth — real wealth. It's not enough to borrow and spend billions creating jobs in new factories making buggy whips, for example. That wouldn't add any real wealth to the country’s economy.

But the government can justify running into new debt by spending money today to ensure that the next generation is healthier and better educated

There's no guarantee that these people will produce enough new wealth to keep the economy growing, of course, but a government has the resources to gamble on that kind of future expansion from which everyone benefits.

Offer to buy into the CBC

TORONTO (CP) group of prominent Canadian businessmen is preparing an offer to buy the CBC's Eng lish-language television net work, says one of the entre

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A private network which would reduce Cana dian content from 74 per cent to 60 per cent — would retain CBC's major news, sports and current events program ming, but farm out drama and other “pure entertain ment” productions to private companies.

“That doesn't mean there couldn't be an intelli gent marriage between the National Film Board, Tele film Canada (formerly Can adian Film Development Corp.) and the network,” Slaight said

Slaight, whose company controls Toronto country

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OTTAWA (CP) — Women working full time earn only 63.8 per cent of what men working full time earn, but it’s not because they tend to work in low-paying indust- ries, says a Statistics Canada

holds for you many present delights. Sincere

thanks for the opportunities you've &iven us to be of service. Have a simply wonderful holiday.

study. HOURS: “This study has shown sesseees 12:15 to 12:45 only Dec. 30 (that) when adjustments are .12-1,6-7p.m. Dec. 31

worked in the year, women earn consistently less than men across all industry gro ups”, says the report pre- pared by Amy Kempster, a a senior adviser in the class- ification systems branch.

If part-time work is ine- luded, women earned even less — only 52.2 per cent of what men earned.

The study, based on 1980 incomes, does not give a dollar breakdown of earnings for men and women.

THANK YOU

Castlegar District United Way wishes to sincerely thank the general public for its support of this year's campaign, especially during this year of financial uncer- tainty.

A special thanks to the following Castlegar Businesses who contributed so generously.

Dec. Dec. i Dec fe it made for the amount of time Dec. 1)

“in the Heart of Downtown Castlegar” CLOSED SUNDAY, CARL'S ORUG OPEN.

365-7813

Our Action Ad Phone Number is 365-2212

CASTLE TIRE WESTS DEPT. STORE

GABRIELS REST. LTD. TUDOR SPORTS

WOODLAND CONSTRUCTION LTD. THE DIET CENTRE

BRUCE DENNEUS TRUCKING LTD. KEL PRINT

KAL TIRE VOGUE PORTRAIT CASTLEGAR HAIRLINES B&W SIGNS... /

CASTLEGAR BIKE SHOP HOMESTEAD SOUP AND SANDWICH CASTLEGAR CHEVRON SHOP

BOSSE’S JEWELLERY OFFICE AID

BONNETT'S BOYS & MENS WEAR ARROW BUILDING ‘ CALDSET LAUNDRETTE AVENUES HAIRDESIGN CASTLEGAR HAIR ANNEX MAPLE LEAF TRAVEL CASTLEGAR COMPUTERS LTD. BASRAN HOLDINGS CASTLEGAR NEWS MOUNTAINVIEW AGENCIES COLUMBIA COIFFURES (CENTURY 21)

C.K.Q.R. PUBLIC FREIGHTWA

YS COLUMBIA AUTO SERVICE B & C HOME APPLIANCE REPAIRS

COHOE INSURANCE AGENCY LLOYD WILSON ELECTROLUX CANADA ERNIE’S TOWING EASTGATE GARDEN RESTAURANT DAIRY QUEEN HIS PLACE HAIR CENTRAL FOOD MART HELEN'S FLOWERS CASTLEGAR PLUMBING & HEATING PETE'S T.V. ASISSI SKIN CARE CHAMPS GAMES A.M.S. BUILDING MAINTENANCE SAM'S AUTOMOTIVE OGLOW ENTERPRISES STEDMANS MITCHELL AUTO PARTS RUMAFORD PLACE TROWELEX RENTALS . WOODLAND PARK ESSO KEMLE ENTERPRISES (TWIN RIVERS VALLEYMAID FOODS MOTEL K& ATIRES TRAIL 'O BODY K.C. PET MART JUNCTION SHELL KARNIES KEN’S AUTO AND WHEEL CASTLEGAR TURBO ELEKTRO DOHMEN CASTLEGAR BOOK SHOP FRANK'S SHARPENING

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THE UNITED WAY DOES WORK

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TRIUMPH . . . Castlegar Rebels triumphantly raise

sticks in air after one of team’s numerous goals

against Grand Forks- Border Bruins Friday night

By CasNews Staff

Rob Tamelin and Rod Horeoff scored four goals each Friday night to lead Castlegar Rebels to a 17-11 victory over Grand Forks Border Bruins.

The Rebels led 4-0 after the first period in the Kootenay International Junior Hockey League game played at the Castlegar Community Complex.

The home team scored six more goals in the second period, while Grand Forks beat the Rebels goaltender three times in the period, making the score 10-8 for the Rebels. is

The third period was a Hig®i-scoring one as Grand Forks came alive to score eight goals, while the Rebels added seven more markers to make the final score 17-11 for the Rebels.

Rebels win 17-11

Rebels won Kootenay International Junior Hockey League game 17-11

CasNewsPhoto by Phil Coklerbonk

Besides Tamelin and Horcoff scoring four goals each for the Rebels, Ken Hoodikoff scored three goals, Dave Terhune and Keith Klimchuck added two each, while Dave Perehudoff and Reese Eyre got singles.

Helping the goalscorers were Hoodikoff with five assists, Kelly Hurd, Eyre and Klimchuck with three each. Fred Pozdnekoff, John Ostoforoff, and Horcoff collected two assists each. Credited with singles were Perehudoff, Randy Saliken, Adrian Markin, goaltender Steve Voykin, Tamelin, Terhune and Darcy Martini.

The Rebels were in Trail Saturday night to play Junior Smoke Eaters.

The team is in Grand Forks on Jan. 2 for a rematch with the Border Bruins.

NHL LAST NIGHT

Nordiques

QUEBEC (CP) Dale Hunter and Anton Stastny scored 21 seconds apart in the opening minute of the second period to lead Quebec to a 3-1 victory over Buffalo Saturday night.

Hunter beat Tom Barrasso with a low backhand shot, and Anton Stastny fired in a slapshot from the left faceoff circle. Michel Goulet also scored for Quebec while on a breakaway, and Dave Andreychuk got the lone goal for Buffalo with a hard slapshot

Dan Bouchard faced 19 shots in goal for Quebec, showing wakness only on Andreychuk’'s goal at 1:41 of the

third period when a hard shot bounced into the net after

Bouchard got a piece of the puck with his glove hand ISLANDERS 5 PENGUINS 2

UNIONDALE, N.Y. (AP) — Bryan Trottier scored the tying goal and Mike Bossy got the go-ahead early in the third period during a four-goal barrage that gave New York a 5-2 victory over Pittsburgh

The victory was New York's fourth straight following a four-game losing streak

Pittsburgh took a 2-1 lead into the third period when Trottier fired a 10-foot shot past Pittsburgh goaltender Denis Herron to tie the game 37 seconds into the session Bossy put the Islanders in front with his 31st goal of the season on a 45-foot slapshot at 3:59.

NORTH STARS 5 RED WINGS 4

DETROIT (AP) — Dirk Graham and Willi Plett scored third-period goals 20 seconds apart to lift Minnesota to a 5-4 victory over Detroit.

After Reed Larson gave Detroit a 43 lead on a power play at 13:27 of the third period, Graham converted his own rebound to tie the score.

Plett then deflected Bob Rouse's slap shot past Detroit netminder Carrado Micalef with 3:54 remaining to give the North Stars the victory

CAPITALS 7 BLUES 5

LANDOVER, Md. (AP) — Bob Carpenter collected a goal and three assists and Mike Gartner added a pair of goals as Washington increased their unbeaten streak to eight games with a 7-5 vietory over St. Louis.

The game enabled Washington, which has lost only once in its last 14 games, to take over sole possession of first place in the Patrick Division. Washington leads Philadelphia by two points and meets the Flyers tonight at the Spectrum.

Carpenter put the Capitals an the board at 7:10 of the first period, scoring his 27th of the year on the power play. Bryan Erickson scored 37 seconds later for the Capitals, who never trailed in the game. °

RANGERS 5 DEVILS 3

EAST RUTHERFORD, N-J. (AP) — Pierre Larouche scored two geals, including the winner late in the third period, to lead the slumping Rangers to a 5-3 vietory over New Jersey.

The victory broke a three-game losing streak for the Rangers and came in » game played before 19,040 fans, the largest crowd to ever watch a hockey game at the Brendan Byrne Arena.

eat Sabres

OILERS 7 FLAMES 1

EDMONTON (CP) — Wayne Gretaky scored an early power-play goal and later set up Mark Messier for a short-handed goal as Edmonton romped a 7-1 victory over Calgary

Gretzky added a second goal midway through the final period, his 36th of the season, and finished the night with four points. He now has 96 points for the season.

Devin Lowe, Kevin McClelland, Dave Hunter and Mike Krushelnyski also scored for the Oilers.

Mike Eaves got the Calgary goal seven minutes into the second period, with the Oilers up 40.

JETS 6 KINGS 2

WINNIPEG (CP) — Bengt Lundholm and Thomas Steen each scored twice and goaltender Brian Hayward was spectacular as Winnipeg coasted to a 6-2 victory over Los Angeles.

Both Lundholm, who scored both of his goals on pretty individual plays, and Steen, added two assists. The line's other winger, Doug Smail, scored a goal and assist as the trio accounted for 10 scoring points.

Brian Mullen, who was checked midway through the third period and carred off the ice with an undertermined leg injury, scored the winning goal for Winnipeg in the middle period

Marcel Dionne and Anders Hakansson replied for the Kings.

LEAFS 6 BRUINS 4

TORONTO (CP) — Veteran centre Bill Derlago scored two goals and assisted on another as Toronto defeated Boston 6-4 for only their second victory in their last 11 games.

Toronto led 2-0 on goals by Deriago and Steward Gavin before Boston's Tom Fergus and Charlie Simmer forced a 2-2 tie late in the first period. Jeff Brubaker restored Toronto's lead, but Boston's Lyndon Byers tied it 3-3 late in the second period.

Greg Terrion game Toronto its third lead, 43, seven minutes into the third period with his fourth goal of the season. On a 3-on-1 break, Danny Daoust passed to Gavin, who shot. Boston goaltender Pete Peeters got a piece of the drive but the puck dribbled past him and Terrion pulled it over the goal line as he skated past the net

CANADIENS 10 HARTFORD 5

MONTREAL (CP) — Guy Carbonneau, who produced two goals and a pair of astists, ignited the park for a five-goal first period by scoring 15 seconds into the game and the Canadiens went on to a 10-5 triumph over Hartford Whalers.

It was the largest output of the season by the Canadiens, who have never lost to Hartford at the Forum. and Carbonneau's quick goal set the tone for their 14th victory in 18 home games against the Whalers.

Carbonneau collected his 10th goal before the end of the period, in which Montreal moved into a 52 lead. Chris Chelios, Pierre Mondou and Mike MePhee also scored for the Canadiens in the opening period.

CASTLEGAR AQUANAUTS Club has new coach

Mike Balahura, a Stanley Humphries Secondary School teacher, has been named to coach the Castlegar Aqua nauts swim team for the 1985 season.

After learning that their 1984 coach, Vince Mikuska, would fot be returning, the club approached Balahura who agreed to accept the position of head coach. He will be taking on the formi dable task of maintaining the Aquanauts first place stand ing within the region, and high provincial ranking

Balahura comes highly rec ommended. He has coached the high school team for the past four years, this year leading them to fourth place at the Provincial high school championships.

He brings an extensive background to the Aqua nauts. Prior to coaching the high school team, he coached the Nelson Neptunes for four

summers, the Prince Rupert swim club for two years and was assistant coach in Vic toria for two years. In addi- tion, he possesses his Level Two coaching and Esso Swim Canada course conductors certificates. This qualifica- tion to coach coaches should prove valuable to the club and the region.

The Aquanauts are mem bers of the B.C. Summer Swimming Association, swimming from May to Sep tember. A large club of over 100 members, they have dominated regional meets and won many medals at provincial championships Some of the Aquanauts were also members of the Stanley Humphries team

Balahura is anxious to at tract some former club mem bers back to the Aquanauts to strengthen the older age His contact with many of these at the high

divisions.

school should prove helpful in this endeavor.

The coming season is es pecially important for the Aquanauts and regional swimming. For the first time, the provincial swimming championships are being held outside Vancouver or Vic toria. Aquanaut and Koot enay Regional executive members were largely res. ponsible for bringing the championships to, Trail on Aug. 22-25, 1985. +

The Aquanauts also bave a member on the committee looking into the need for a new pool. For the amount of aquatic activity in the Castle gar area (swim lessons, aqu atic fitness, masters swim ming, speed swimming), the Bob Brandson pool is proving totally inadequate. The swimming association would like to bring water polo, diving, and synchronized swimming to the area. A new

MIKE BALAHURA new coach

25-metre, eight lane pool could serve all these needs, plus aid the chances of at tracting provincial champion ships to Castlegar in the future

Williams beats Playboys

By CasNews Staff

Alan Akselson scored the winning goal Thursday night with 30 seconds left in the third period as Williams Moving edged Castlegar Playboys 4-3 in Castlegar Recreational Hockey League action

In a game on Tuesday night Sandman Inn defeated Carling O'Keefe 11-5.

Williams Moving currently leads the league with 16 wins and. only two losses for 30 points. Sandman Inn is sec. ond with 19 points, Castlegar Playboys are third with 13 points, while Valley Contrac. tors are in fourth place with 12 points. Carling o'Keefe is in the cellar with only 10 points.

In individual scoring, Gord Pace of Williams Moving leads the league with 59 points. Bruce Martin of the Playboys is second with 50, Dan Walker of Sandman Inn

has 47 points for third place, while Wayne Kinakin of Car ling O'Keefe is fourth with 41 points

For complete statistics, see Weekend Wrap-up, page B2

Meanwhile, in Thursday night's game, the Playboys led 1-0 after the first period and it was 3-1 after two per iods, before Williams Moving came from behind to score three goals and win the game.

Bruce Martin scored unas sisted for the Playboys in the first period. Terry Halisheff scored the two second period goals. Martin, Dan Denisoff, Stacey Molnar and Clay Martini got the assists.

Peter Moroso scored Wil liams Moving’s second-period goal. Akselson and Dean Mac Kinnon assisted. Frank Costa scored one third-period goal and Akselson scored twice. Dean MacKinnon got three assists, Dave MacKinnon got

two, while Akselson had one assist

In Sandman Inn's 11-5 vie tory Tuesday night, Sand. man Inn led 3-0 after the first period and never looked back. The team scored five goals in the second period, Carling O'Keefe scored once to make the score 8-1. Sand man Inn added three mor goals in the third period, while Carling ‘Keefe scored four, for a final score of 11-5 for the Inn team.

Jim Frost scored two goals in the first period for Sand man Inn, Mike Nevakshonoff scored once. Dan Walker col- leeted two assists, Sheldon Sookachoff got one assist

In the second period, Wal Walker scored two goals for Sandman Inn, Frost, John Obetkoff and Nevakshonoff scored once. Frost picked up three assists, Perry Kit, Tony DaRosa, Dan Markin, Obetkoff and Walker got one

each Mal Stelck scored for Car.

ling O'Keefe, assisted by Wayne Zinio and Wayne Kinakin

Scoring for O'Keefe in the third period were Stelck with two more markers, Chuck Bucknell, Kinakin with one goal each. Kinakin and Don Mair assisted twice in the period, Al Tompkins and Stelck also contributed

Dan Markin scored two goals for Sandman Inn in the third period, Sookachoff got the other goal. Al Isackson collected two assists, John

Obetkoff, Nevakshonoff, Walker and Klit had one each

Next Recreational League action is Jan. 3 when Sand man Inn plays Castlegar Playboys at 10 p.m. in the Castlegar Community Com plex

Hawerchuk off to good start

WINNIPEG (CP) — Cen. tre Dale Hawerchuk of Win nipeg Jets, off to the best start of his National Hockey League career, hopes to keep filling the net with goals and his wallet with more cash.

Entering Saturday's game here against Los Angeles Kings, Hawerchuk had scored 20 goals and added 34 assists for 54 points, tying him for fourth overall in the NHL scoring race.

Never before in the NHI history of the Jets had any player scored 20 goals or 50 points before Christmas. The fact that Hawerehuk has set new scoring marks for Win nipeg gives him some lev erage.

The 21-year-old Toronto native will complete his three-year contract at the end of the 1984-85 season and then — if he doesn’t sign another contract — enter his option year.

This season, he'll earn about $125,000, not ineluding bonuses, and is far from being the highest-paid player on the club, which also is off to its best start ever

Jets’ general manager John Ferguson prefers sign ing players to new contracts before their optio# years, al though wingers Perry Turn bull and Brian Mullen are in their option years this sea son.

IN GOOD SHAPE

Hawerchuk realizes that his inspired play as team captain this season has put him im a good bargaining position with the Jets, but he doesn’t want to start next

season without a new deal.

“Playing this well before my option year sure doesn’t hurt,” he said. “John and I discussed the contract a little bit last year and we agreed to put it off until the summer.

“I will sign here — if we can come to an agreement,” he added. “But I don’t want to dicker and argue. I want to get something that is fair to both of us and I want to do it as soon as the season is over

Hawerchuk, the Jets’ first round draft choice in 1961 and first overall said “I just might play out my option” if contract negotiations aren't settled before the start of next season

Barry Long, head coach of the NHL's most improved team, said he has been over whelmed by Hawerchuk’s performance

He has matured so much that he is beginning to get respect around the league,” Long said

“The fact he has added backehecking to his arsenal has really made a big differ ence,” the coach added. “He is not longer worried about going into the corners an mixing it up

“I can't really say enough about him. He has come so far since I took over as coach and that isn't to say I did it He is the leader now and he likes it~

Hawerchuk’s agent, Gus Badali of Toronto, says he isn't concerned about the prospect of negotiating a new contract for Hawerchuk with the Jets.

“I just want Dale to be re numerated in a manner that suits his position in the NHL,” Badali said “We won't be selfish but we feel he deserves to be rewarded for his efforts.”

Hawerchuk, who has man aged more than 100 points in two of his three NHL sea sons, says a change in at titude has made the big dif ference for him

Ive put my mind to it a little more this year,” he said “I got caught in a few dis tractions off the ice in past years. I wasn't completely looking towards hockey

“This year I've decided to focus my life on nothing else but hockey,” he added. “I'm anxious to play the games now and I'm really enjoying it

Germany files suit against Eskimos

EDMONTON (CP) For mer Edmonton Eskimos run ning back Jim Germany filed suit against the Canadian Football League club and two doctors Friday, claiming breach of contract and med ical negligence.

The statement of claim was filed im Court of Queen's Bench by lawyers repre senting Germany. It named as defendants the Eskimo football club and doctors Gordon Cameron and Peter R. Boucher.

Germany, 31 seasons with before suffering a torn knee ligament Aug. 26, 1983

He retired prior to the 1984 season but returned ‘o the team in September. He was not added to the Eski mos roster, however, and

now is a free agent

In his statement Germany asks for $81,793.99, plus in terest, in back salary; dam ages of $95,000 for breach of contract; declarations that four trust agreements, each worth $5,000, are valid; $50,000 in unjust enrichment since the Eskimos had exclu. sive rights to his services from June 1984 to the end of the football season; and $50,000 damages for breach of a collateral agreement.

Germany was injured early in the 1983 season. The statement says Cameron diagnosed the injury as a sprained knee. Three games later, after treatment from Cameron and Boucher, Ger many was declared fit to play by both doctors, the state ment says.

ood