$5 million of new eapital for the company.

The company said Tuesday it has filed a preliminary prospectus relating to the issue. Managing underwri- ters will be Pemberton Hou- ston Willoughby Inc. and

install new planer mills with computerized lumber hand- ling systems at the com- pany's Slocan and Quesnel operations, as well as to modernize existing sawmills.

The planer mills should be

The prospectus shows that in 1983 Slocan earned $2.4 million on sales of $49.6 mil- lion. The company’s total as- ses exceed $20 million.

The company was formed in 1978 when a group of senior managers purchased the Slocan mill near Castle- gar, for $8 million from Tri- angle Pacific Forest Prod- ucts Ltd., a subsidiary of Triangle Pacifie Corp., of New York.

Forest bargaining needs changing

VANCOUVER (CP) — The forest industry should bar- gain with its workers on a

worse.” The pulp and paper ind- uspry locked out its 12,700

pany-by basis, says Bruce Howe, p

p! at 20 BC. mills Feb. 2.

of the British Columbia Re- sources Investment Corp.

“There's no nice easy solu- tion but the mining industry seems to manager without industry bargaining,” Howe said. ,

He said few people noticed a three-month mining strike last year, because only one company was affected.

“Fording (Coal) shut down for two or three months last year but it was a Fording problem and no one else was terribly concerned.

“The forest industry has a perennial death wish. No, that’s incorrect, but a death wish every two years.

“The question you have to ask yourself is, what can be

Kas closed scaie lumber op- erations and forced thou- sands of woodworkers off the job as well.

B.C. Resources’ holdings inelude forest products oper- ations.

Outlining the corporation's prospects, Howe said it is working to get a stable cash flow and to reduce its debt.

B.C. Resources currently has half again as much debt as equity, and aims to re- verse that ratio, he said.

Howe said most of the cor- portion’s $1.2-billion debt is carried at floating interest rates, so that a one-per-cent swing in market rates means an impact on the company of close to $10 million a year.

"Ean onste ow te ot rg

year.

DATE:

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A spokesman for the Bank of Nova Scotia said this sea- son's sales exceeded last

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“People are still worried about their financial future,” he said.

Province of Britieh Columbia Ministry of industry and Small Business Development ‘The Honourable Don Phillips, Minister

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Trail rink finishes third

ST. JOHN'S, NFLD. (CP) — John Merkely’s Trail rink finished third at the Canadian senior men's ¢urling championship with eight wins and three losses, following their win 5-4 victory Saturday over Nova Scotia.

Lloyd Gunnlaugson’s Winnipeg foursome won the

ip for an unpi d third year in a row.

The win continued the sweep of natiohéD curling cham pionships by Winnipeg rinks this year.

After disposing of Paul Boivan's rink from Montreal 11-2 to run his record to 11 wins without a loss, an emotional Gunnlaugson grasped the hand of lead Elgin Christianson and shook it with a bit more feeling than he did the hands of third Albert Olson and second Toru Sazuki.

He explained later Christianson had provided him with

College rink takes title

By CasNews Staff

The Selkirk College rink skipped by Bob Melvor cap- tured the Canadian College Athletic Association curling championship Saturday with an 8-2 win over Manitoba.

Mclvor's foursome consists of Barry Mackie, third; Ed LeMoel, second; and Jamie McKay, lead.

Earlier in the week the rink’ beat Ontario and ,Al- berta to go through the event undefeated.

U.S. wins

“one of three i i to win the

First, Gunnlaugson wanted to be the first te to win three seniors in a row. Second, he wanted to maintain the record of Winnipeg rinks in winning national championships this year.

Third, and most important, he said, he wanted to win it for Christianson, who missed last year's seniors because he had undergone a cancer operation.

Winnipeg rinks now have won four national champion- ships this year — Mike Riley won the men’s, Connie Lali- berte won the women’s, Bob Ursel won the junior men’s and now Gunnlaugson has been added to the list.

‘The Manitobans won a key game Friday night, 7-6 over Earl Hushagen of Toronto. Going into that game, both rinks

were 9-0 and the only two in contention.

Gunnlaugson needed to take out a Hushagen rock with his last stone and stay in the house for the win. When he did it, it meant be only had to beat Quebec to take the title.

Hushagen, on the other hand, had to win Saturday and have Gunnlaugson lose in order to play a tie-breaker.

FALLS BEHIND

On Saturday, Manitoba fell behind 1-0 on the first end, but scored three on the second and stole three on the third on the way to its romp.

Boivan came back with a single on the fourth but Gunniaugson struck — as he had so often all week — for a three in the fifth and stole two in the sixth, before Boivan decided enough was enough.

Hushagen, meanwhile, had a tough time beating Cliff

Leroy of Temiscaming, Que.,

representing Northern

Ontario, 4-8 to run his record to 10-1 and a solid second-place

finish.

Saskatchewan was fourth at 7-4, Northern Ont. fifth at

6-5, then came New Brunswick at 5-6, the Territories, P.E.I. and Alberta at 4-7, Quebec at 3-8, Novia Scotia at 2-9 and Newfoundland at 1-10.

In other final-round games, Ralph McLenaghan of Saint John, N.B., trounced Don Hutchinson's Prince Edward Island rink from Charlottetown 10-5; Jim White's Alberta rink from Medicine Hat beat the Territories skipped by Al

Hall of Yellowknife 6-4; Art Knutson of Elbow, Sask., defeated Leo Harvey of the host St. John’s club 6-3.

SPORTS HUT CAPTURES CROWN

By CasNews Staff

Mountain Sports Hut de- feated Williams Moving 6-4 Tuesday, to record its third consecutive victory in the final series, and claim the Castlegar Commercial Hoc key League title.

Mountain Sports Hut's Mike Nevakshonoff named Most Valuable Player in the playoff series.

Tuesday night's game re- mained scoreless until the second period when Moun- tain Sports Hut scored four goals and Williams Moving got three.

Névakshonoff scored two goals, Dan Walker and Steve Simonen had one each. Wal ker got two assists, Simonen,

Nevakshonoff, Bruce Mc Pherson and Dan Markin got one each.

Doe Savinkoff netted two of the goals for Williams Moving, Al Ackselson put one puck past the net.

In the third period, at the 15:16 mark, Pino Laurino scored Mountain Sport's fifth goal, assisted by Joe Antig. nani. Then 59 seconds before the game's end, Wayne Kin akin gave Williams Moving. its fourth goal, assisted by Ackselson and Savinkoff.

With six seconds left in the game Nevakshonoff got his hattrick, helped out by Wal- ker, to make the final score 64 in favor of Mountain Sports.

Eight per cent return on shares

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Members of the Kootenay Saving Credit Union will get an annual shares dividend for 1988 of eight per cent.

“1963 was a year of stable money costs and growth, despite unsettled economic conditions,” said treasurer Doug Stanley, when “recom- mending the dividend.

Priorities for the year in- cluded a focus on produc- tivity and financial manage- ment, he said.

The eight per cent divi- dend payment is based on the 1983 minimum quarterly share account balances of all

members of the credit union.

In 1983 the assets of Koot- enay Savings Credit Union grew to $113 million.

The Kootenay Savings Credit Union will hold its an- nual general meeting in Trail at the Cominco Gym on March 27, at 7:30 p.m.

Guest speaker will be Don Tuline, former general man- ager and treasurer of Koot- enay Savings Credit Union for 1977 to 1982.

Tuline is now the chief ex- ecutive officer of Richmond Savings Credit Union.

Crestbrook files prospectus

Crestbrook Forest Indus- tries Ltd. has filed a pre- liminary us with the Superintendent of Brokers of British Columbia and with the Securities Commission of the provinces of Ontario, Manitoba, Saskatchewan and Alberta.

The preliminary prospec- tus relates to the proposed issue of additional common shares and a proposed sec- ondary offering of common shares.

The underwriter of the proposed offering is Pember-

ton Houston Willoughby Inc., and co-underwriters are Do- minion Securities Ames Ltd. and Brink Hudson Lefever Ltd.

Crestbrook has also ealled a special shareholders meeting for April 6 to request share- holder approval of an in- crease in the company’s authorized common shate capital, a three-for-one sub- division of its common shares and the creation of a right to convert its outstanding pre- ferred shares into common shares.

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junior final

CORNWALL, ONT. (CP) — Al Edwards, a young far- mer from the village of Bis- bee, N.D., won the world junior curling championship Saturday with a perfect last shot that defeated Andre Flotron of Switzerland, 7-6.

The final game was in doubt until the last shot when the United States skip drew one just about to the button to upset the Swiss rink that had sailed undef- eated through in consecu- tive round-robin games to gain the bye into the Uni- royal final.

The bronze medal went to Scotland while Canada, with a team from Kronau, Sask., was eliminated with five wins and four losses.

“We had our chances and we made mistakes,” said Flotron, a gold bullion dealer from the Zurich district of Switzerland.

“They won by one point and I guess that’s how much better they were than us.

“We tied the game three times and never got the lead and when they gave us a chance, we never seemed to take it. I had a chance in that last end but went right through the house with my first rock.”

Edwards, pointing to his crew of third Mark Larson, second Dewey Basley and lead Kurt Disher, said: “I didn't win it — those guys won it.

“It was a hard battle but we had fewer troubles.”

LOSSES HELPED

He said he felt losing two games during the round robin was a help and winning nine had hurt the Swiss.

“When you win nine in a row you know there is a loss coming up and the pressure is on you.

Al's dad, Kermit Edwards, who along with his two sons, farm about 1,500 hectares at Bisbee, just south of the Manitoba border, coaches the rink and said he and his boys were sure whoever won the semifinal (between the U.S. and Scotland) would beat the Swiss in the final.

“They had been slipping a bit after their first start and we thought either of us could beat them.”

Trail Bantams collect gold

Trail Bantam Reps won the gold medal at the Midget B | hockey tourna-

DOWN AND OUT.

. Hi Arrow Arms goalie makes vain try to block shot during Castlegar Gentlemen's Hockey League match Friday

as season winds.down.

night against Bill's Heavy Duty. Game was one of last to be played

CosNewsPhoto by Chery! Colderbank

Habs bomb Leafs

MONTREAL (CP) — Rookie left winger Mike McPhee fired two goals and defenceman Craig Ludwig added a goal and two assists as Montreal routed Toronto 6-1 in a National Hockey League game Saturday night.

Guy Carbonneau and Kent Carlson gave the Canadiens a 2-0 lead after two periods while Bobby Smith added a third-period goal.

Greg Therrion spoiled Montreal goaltender Rick Wamsley’s bid for his second shutout of the year with his 14th goal of the season at 16:27 of the third period.

The victory levelled the won-lost-tied record for the up and down Canadiens at 34-34-5. It also prevented Toronto from picking up ground on idle Chicago Black Hawks in the chase for the last playoff spot in the Norris division.

The Leafs trail Chicago by three points.

PITTSBURGH 4 HARTFORD 2

HARTFORD, Conn. (AP) — Goaltender Denis Herron stopped 45 shots to help Pittsburgh end a six-game losing streak by taking a 4-2 victory over Hartford.

The victory was the 15th of the season for Pittsburgh, which has the fewest victories of any team in the league. For Herron, it was only his second victory in his last 17 starts.

Herron stopped 26 shots in the second period, including a penalty shot by Whalers Tony Currie. Pittsburgh managed 23 shots on goal in the game.

The Penguins broke open what had been a scoreless tie after one period with three goals in the first 11:50 of the second. Tom Roulston, Doug Shedden and Andy Brickley scored against Hartford goalie Greg Millen.

BUFFALO 5 VANCOUVER 2

VANCOUVER (CP) — Gilles Hamel rifled in a 50-foot shot in the second period to break a 1-1 tie and send Buffalo Sabres to a 5-2 victory over Vancouyer.

blue line and, when he wasn't challenged by Canuck defenceman Rick Lanz, elected to shoot. His low shot at 10:59 beat Vancouver netminder Frank Caprice low to the glove side for an unassisted

Craig Ramsay scored the first Buffalo goal earlier in the second period after the Canucks had taken the lead in the opening period on an unassisted goal by Thomas Gradin against Buffalo netminder Bob Sauve.

EDMONTON 9 KINGS 1

EDMONTON (CP) — Three first-period goals were more than enough to carry Edmonton to a 9-1 vietory over Los Angeles in a game that lacked virtually anything resembling intensity.

As often happens at this stage of the 80-game NHL season designed to eliminate just five of 21 teams, neigher the Oilers nor the Kings exerted much effort.

The, Kings were eliminated fromthe playoffs Friday night afid the Oilers were virtually assured of top spot in the division standings since Christmas.

WASHINGTON 2 ISLANDERS 1

UNIONDALE, N.Y. (AP) — Defenéeman Rod Langway scored the tie-breaking goal at 14:40 of the second period — six seconds after coming out of the penalty box — giving

Washington Capitals a 2-1 win over New York Islanders.

It was only the second triumph for the Capitals in 25 games at the Nassau Coliseum, to go along with one tie and 22 losses, and put them within one point of the first-place Islanders in the Patrick Division.

Washington has seven games left, while the Islanders have eight, and the two teams meet at the Capital Centre in Landover, Md., on March 31.

Langway came out of the penalty box just in time to form a 2-on-1 break with Bob Gould, who was barrelling down the right gide. Gould slid a pass around New York defenceman Tomas Jonsson and Langway flipped it past goalkeeper Billy Smith from just outside the crease for his ninth goal of the season.

MINNESOTA 4 DETROIT 3

DETROIT (AP) — Brian Lawton scored on a 45-foot shot with 38 seconds to play to lead Minnesota North Stars to a 4-8 victory over Detroit Red Wings.

Lawton skated just over the blue line and flipfied a shot which deflected into the net off the stick of Detroit goal- tender Ed Mio.

Goals by Gordie Roberts and Mark Napier enabled Minnesota to refound from a 1-0 first-period deficit and Steve Payne added the other. Reed Larson, Pierre Aubrey and Ivan Boldirev replied for Detroit. 7

FLYERS 6 RANGERS 4

PHILADELPHIA (AP) — Bobby Clarke and Daryl Stanley led a four-goal outburst in the third period as Philadelphia Flyers downed New York Rangers 6-4.

Clarke seored his 15th and 16th goals of the season within 3:03 to tie the game at 4-4 at 10:26 of the third period.

Stanley drilled in a 50 footer, his first goal of the season,

at 13:58 to put the Flyers ahead 5-4, and Ray Al took Hamel gathered in a loose puck outside the Vancouver ~ La 7 and Ray Allison took a

pass from Clarke to score Philadelphia's final goal at 17:02.

Ron Sutter also had two Flyers goals in the game while Mike Rogers, James Patrick, Larry Patey and Barry Beck replied for the Rangers.

QUEBEC 6 ST. LOUIS 4

ST. LOUIS (AP) — Marian and Peter Stastny scored on two of Quebec's first three shots and Andre Savard had two goals, leading the Nordiques to a 6-4 triumph over St. Louis Blues.

Marian Stastney’s goal, his 19th of the year, provided Quebec a 1-0 lead at 1:48 of the opening period on a slapshot which eluded St. Louis netminder Mike Liut.

NEW JERSEY 5 BOSTON 3

BOSTON (AP) — Higgins scored two goals assisted on another, and Joe Cirella gave New Jersey lead for good on a power play midway

Ferraro shatters

record

BRANDON, MAN. (CP) — Ray Ferraro and Cam Plante each set Western Hockey League scoring records Fri- day night as Brandon Wheat Kings defeated Calgary Wranglers 8-3 before 2,659.

Plante set up Ferraro for his 103rd goal of the year at 6:42 of the third period to give him 112 assists this sea- son, breaking the record for most regular season assists by a defenceman.

Plante, 19, drafted by Tor: onto Maple Leafs, will join former record-holder Jim Benning with the Leafs next year. Benning had set the previous record with Port- land Winter Hawks in 1980. 81.

It was also Ferraro’s third goal of the game, the 14th time the Trail native has ac- complished that feat this sea son. He broke the old league mark of 13 three-goal games shared by former Wheat Kings Bill Derlago and Brian Propp.

Ferraro, who broke Der- lago’s single-season goal total of 96 last week, also added two assists to raise his sea- son’s point total to 185, nine shy of the league record for points that is held by Propp.

Plante had three assists in the game, raising his point total to 134, five short of Bennings’ league mark for points by a defenceman in one season.

The win moved Brandon into sole possession of third place in the Eastern Division, with 86 points, two more than Lethbridge Broncos. Lethbridge also has three games remaining.

The Wranglers are clinging to a two-point lead over Sas- katoon Blades in the race for the sixth and final playoff spot in the Eastern Division.

ment held last weekend at the arena complex. Trail de- feated Nelson Midgets 7-2 in the final game to win the medal.

Cranbrook took the bronze medal by defeating Trail Midgets 6-4. Castlegar Mid- gets took the silver medal by defeating Lethbridge in over- time. Sean Coulson scored the overtime goal. Castlegar goaltender Steve Buday pro- ved to be a real asset for the team coming up with many good saves in the final games.

The tournament began Fri- day night with Trail Bantams defeating Lethbridge 42. The next game saw Nelson edge Castlegar 65. The Castlegar team came on strong in the first two per- iods against Nelson, leading 4-0 at the end of the second period. However, Nelson proved powerful in the third period in winning the game.

Castlegar’s Most Valuable Player for this game was Peter Stoochnoff and the Most Spor il Player

The third game saw Castle- gar get its first victory with a 5-4 win over Trail Midgets. The MVP for Castlegar was Ken Sherstobitoff and the MSP was Steve Saliken.

The afternoon games be- gan with Trail Bantam Reps overwhelming Cranbrook 9-2. Next, the Castlegar lost to Lethbridge 6-5 in an ex- citing overtime shootout. Sean Coulson was the MVP and Dean Allan was the MSP.

The next game saw the powerful Nelson team defeat Trail Midgets 8-1. The fol- lowing game saw Castlegar defeat Cranbrook 5-2. Dar- win Anderson was Castleg- ar's MVP, Jeff Fitzgerald was the MSP.

In the evening contest, the two Trail teams met with the Midgets upsetting the Ban- tams 4-2. The final game of the evening saw Nelson de- feat Lethbridge 6-2.

Sunday morning Castlegar Midgets were up- set by Trail Bantams 7-3. Steve Swanson was the Castlegar MVP, Tony N: aroff was the MSP. In

was Ron Weir.

The final game Friday saw Cranbrook Midgets defeat Trail Midgets 6-1.

Saturday morning Leth- bridge overtook Cranbrook bya score of 5-2. Following this game Nelson Midgets met Trail Bantam Reps with Nelson emerging with a 4-2 vietory.

ing game, Leth overpowered the Trail gets 6-2. The final game be- fore the playoff saw Cran- brook surprising Nelson 4-2. During the tournament, Castlegar team coach, Pat Picton, presented a plaque to John Stevens, one of the ori- ginators and a continuing en- thusiast of the Midget B tournament.

$10 million in aid to help Jets

WINNIPEG (CP) — A proposed $10-million package of city and provincial sid

Under the aid package, which must still go before city council next week, the

assist the lh ued Winnipeg Jets of the None al Hockey League has been approved by the city’s ex- ecutive policy committee.

After a five-hour meeting, city council’s senior, policy- making committee rejected one proposal that the city insist on sharing in any future profits brought in by the Jets in return for the package.

city and pr govern- ments would each contribute about $500,000 a year in the next three and a half years to Winnipeg Enterprises Corp., the city-run landlord of Win- nipeg Arena.

The money is designed to help the corporation pay off a debt it incurred in 1979 when it paid for expaiition of the arena to NHL, stasdards so the Jets could join the league.