Cg a mae

t

ee ee

ea eo

-" inipister of Venezuela, a key

”- quotas, © said. today “only

LE GISLATive

ARLIMENT BUILDIi

L
‘Vietoria vi LOINGS
Ve 1a”

» 5.C, »

Herald fiat Writer

a industry and small business,’ was-in ‘Terrace, an’.
- -Friday, March 11 to sell B, C. Deyelopment Bonds. to:
‘the financial community. But while here, he took the ..

. time to respond to other press questions. ;
“+ V Phillips says the bonds: are selling. well, ‘bu ‘lecal

_ ~ have been fewer inquiries that they’ oxpected. to date. '
There are three types of. bonds varying -in interest

bale during the month. of March. *

development systems has been "a Great success with ©

| ..’ Overall, the minister said his. small business

von ieee ae Don Phillips, provincial minister of

‘bankers waiting to meet with hin indicated that there.

“from 10.25 per cent to 9.25 per cent, ‘hey are only on.

LI BRARY.

"Phillips added. .

com exeited about northern, ‘develops 0
. happening now,” he says. This is the only place.|

“, over 900 actounts opened since its vegianing six years.
" “ago, Of those $00 accounts, only six haye been ia the
Terrace area Phillips said.” He doesn't know where
-.the ireas"are that are receiving greater benefit.’ -
- His comments-on the economic ‘conditions of :
.. - indicate that they. were needed. . ““Bighty-two was a
“-@atch-up from -the oil’ ‘erjsis,” a “readjustment: of the’
~ ash flow,” the minister said, “The world is better-oft-
for it, mind: you there's. been a Jot. of ‘cagualties,’
“When people talk gloom: and doom, like unemployed.

youth, “you: can talk yourself into.” a Tecegaion,

Monday, March. 14, 1983

25 cents

Established 1900.

to continue.” ,

“tapping: in North An America and there are trim ols 7

.

: Phillipa

‘a specific statement. Pousette said, "it you talk ~
_» about it, you turn somebody off and-somebody on,” *-

a and portunity it" oe
© Phillips stated he ‘his same: iit into ‘the’ to achieve an oppartunity, it’s necessary to.

‘ development of the Lakelse Lake Hotsprings: and?! *
knows | that the lands Tninister is ‘trying to} pur together:
“spine sort af package for ‘its. development. Phillips’.
-" indicated he does not kriow wheri an announcement oa :
> the holeprings will be made.” _ ‘ "

Earlier’ ‘in the morning Phillips talked with local hie
representatives interested inthe area’s development; a
: "put declined to say what thoge talks concerned. John —
' Pousette, economic development commissioner for =.
the Regional District of Kitimat-Stikine algo declined so

” integrate activities to develop an infrastructure.”
“also. : ‘declined- comment:
"government's removal of the provincial rentér’s tax
and a provincial. tax credit... ne :
_ ls With - provincial : cabinet. ministers. coining ‘to es
m Teerace | ‘Seemingly oc every plane that can land at~ >

thealrport, Phillips wag asked If an election would be.”
:/¢alled shortly, “My job is to get out and meet with the |

. business community and Ido it all the time when the.
house is not in session,” tie minister responded: He
has “no Idea” when the legislature will be recalled.

-:, Roger Addink, of REA Bricklaying, puts ‘the finishing at the east and of Terrace: A Roi ary spokesmen says the
“ touches on the rock part of the “Welcome to Terrace” sign wooden signs will be completed toward the énd of April.

_ on the west end of Terrace. There Is another Rotary sign Another positive sign for: the future of our community.

Venezuela looks to. minor C OPEC: details |

minister Sheik Ahmed Zaki -

- LONDON (APY — The oll “held a 2h rovnd of
‘discussion’ at a “London
hotel in’ a‘ bid to head off a
‘price war and save tlie

“Organization .of Petroleum

holdout in OPEC'S efforts to *
_ beach an agreement on all §
, Price. cute and production _

“ “minor ’ details’. remain to collaps
* he worked out ' among, cartel eT ti guar were
seems ‘ reported (i hays. agreed: in

_ The: 1B. OPEC’ muniters

fo

\

TORONTO (CP) — Unemployment may fave overtaken

inflation as public enemy No. 1 for the first: t time, a Gallup ,

poll released today suggests.

The poll, conducted in early February and sccurate
within ‘four percentage points, indicates 40 per cent of ”
Canadians identify unemployment az “the most important -

- problem facing this country today'’ compared with 7 per

, cent who say it Is inflation.

” However, the percentage ‘identitying nemnplayzient BS
the most important problem could be as high as 44 or as low

as 36 ina sample of this size. The percentage who ‘said’

‘inflation was the country's most important problem could
be as high as 41 or as low as 33,

. Other problems include government (elght per cent) and .
unions or strikes: (five per cent), according . to, Gallup.

; Unemployment’ has been : gaining steadily’ on inflation

ainea November, 1961, when 61 per cent!of Canadians said —
‘inflation wai the ‘country*s biggest problem; compared with...

the 12 per. cent who identified unemployment. ‘

. Since then, the iineniployment rate, which ‘Was Ba per
cent, has climbed to 12.5 per cent and the faftation rate has
dropped. to 83] ber ‘cent from 12.2 per cent.’ .

When: Gallup’ asked “Canadians ‘a - slightly’ “different

_ question, it found an‘ éven more pronounced concern for .
wiemployment ak a. problem, . Asked: whether. -the ’

government should pay more attention to curbing inflation

or reducing unemployment, 65, per’ cent anid the: latter,

while 28 per cent said the former... =~
Forty per cent of those polled said they think the ecinoiny

will begin to’ recover. during the next-three months, .~-
_ compared with 27 per céntin September. Conversely; M per.
cent think the recession will get worse in: the next three

months, down from 48 per cent in September.”

The results are based on in-home interviews with en
people across the country./A sample of this size is accurate

"within four: percentage points, 19 out of 20 ‘thmes.:

Exporting Countries from -

_ Prfaeipte Peres #8: cut from:

‘session.

OPEC’ 8 official posted price”

“of $34 U.S..a, barrel, but —
were deadlocked on the--
critical issue of, production.

quotas ‘among the, cartel
mefnbers.. .

‘Sunday night, - OPEC.
sourees . said © Venezuelan,

- agreement ‘pri’ “quotas. Was "|
: the last hurdle to eriditig the...
: London talks. B. successfully.

- Inflation secondary ;
to unemployment

em :
almost solved: * “Thave

‘piake--: one: -more:: veall,?!.
- Venezuelan - Oil. Minister”

Humberto Calderon . Berti
said as he-went into today's.
; “There are some.
minor details still to be :
adjusted, but. I hope to

finalize: . Y

“We are going. to finish’
today." me

Other oil ministers were

alga optimistic.

- (Ahmed Zaki “Yamant: ‘of

Sandi, ‘Arabia, ‘the world’s

largest oil exporter, gaid as

he" arrived for today’s:

session that there is a '99-..:
per-cent . chance” ‘of an
agreement today. .

state-owned *Pertamina oll’.

. company announced it was -
going ahead-with a $5 cut in -

its oil prices — — to $20 U.S. a

tentative | agreement

reached Sunday by the 12

member: Organization . of.
Petrolaum “Exporting.

- Countries, which ineluxles |

Indonesia.

OPEC “rhinisters- have
been ‘feeling in London for
about two weeks to reach an:
accord for lower prices and °
production’ and avert dn
outright: price, war. The

-qnée-powertul cartel, which ~
controlled:oil prices in the
1970s, has been plagued by

: ‘factional .
competition .

* feuds . and
from _non-
OPEC producers, such as
Britain, for “the world’s.
shrinking oil market.

Venezuela did‘ not ratify
the tentative agreement by

Yamani of’; Saudi Arabla,
representing the .world's
largest. “exporter,

‘Under ; ” the
agreement . reached . late

late: Sunday’ hecatise * it.» Sunday , after 11 sessions,

‘wanted a ‘higher production
quota than ‘the pact» calls

for, OPEC officials said.

gS ‘AN. OPEC price: ‘cut. does:
‘not have’ immediate effect.

on Canadian consumers
since Ottawa has. a polley of
ore price’for both domestic

: Bayan ‘oil. Canada
: rt about 25 per cent of
the oll it uses. Canada’s.

main foreign oil suppliers
are: Venezuela ‘and: non-

OPEC member Mexico.

* However, the falling price

“of international oil led to a
“dispute between Ottawa and

the western oil-producing
‘Provinces, : centring on a

. 1981: energy agreement
between _ Ottawa: and.
Alberta.

_ Ottawa Bays ‘the -accord
was meant to guarantee

~ that the ~price of _ most:
domestic oil will not exceed
“In Jakarta, Indonesia, the

perc .cent of | the
intertational “price. —
meaning the domeatic price

would have to fall with. the ©
price of. imported oil.
barrel — a8 called for int the ..

Alberta. ‘says - the

| agreement was meant only

to protect: Canadians from
the-.effects of . increasing
iniernational prices and the

“price of old domiestic cride
. — oll discavered before 198

— should remain at $29.76'a
barre! (about 25.0 5. ) oF.
even higher; : a

” Venezuelan - Oil Minister
Humberto‘ ‘Calderon’ Berti
wae one of the OPEC thiefs
who predicted Sunday that

the agreement would be:

signed today. OPEC

~ barrels’:

OPEC agreed to limit. total

production fo 17.5 million
day. > Last
December OPEC set a
production : ceiling of | 18.5,
million’ barrels ‘a day’ ‘but.

could not agree on country-..

by-country limits, and the
ceiling ‘has been, ignored.
Calderon Berti said all the

other OPEC: ministers had’

agreed: on. “individual

production quotas, but that ~.

he 'had'::-to _ ‘consult
‘Venezuelan President Luis
Herrera Camping because

Venezuela's quota “‘still
doesn't «fil our
expectations,”’

| algo.
~ predicted: ‘final ratification.

- tentative

~ Terrace council
t discuss priorities

By KEITH ALFORD
; Herald Staff Writer
‘TERRACE— There are aly. about 20
items on tonight’s council agenda, . an
unusually small riumber, But not all-of-
eu]. them may get dealt with.
At the Feb. 28 meeting:
‘alderman, Gordon Galbraith © and.”
‘ Marguerite Clarkson moved and seconded
a motion that. passed placing ‘the 1963
.. annual budget-bylaw as the first item on
tonight's agenda for its. third of ‘four -’
“required readings. The bylaw is the first -
1°“ item, even prior-to the nermal opening of
public delegations and questions. ,
The depth aid length-of debate on this
- controversial item, and the’ still inforce
mandatory deadline of 11 p.m;: council a
- Meetings (unless there is unanimous —
consent to continue), will determine how
" many other items are discussed, ~ .
The first new item that appeara to
_ require action is a Rotary Club request to
buy four of thesilver Kermode bear pins to
; Bresentto the clubs district exécutive. The
Salvation Army wants May proclaimed as
Red Shield month. The Terrace Regional
* Museum Society wants council to. approve
m @6them as “‘the appropriate organization. to
’ manage and operate the heritage village.”
 Terrace's recreation commissioners are
- being invited to Kitimat for a workshop.

user fees." _

_. reaidential.

of council”

Clerk,Administratot’ Bob.

e pare of Alderman Chub. -

4626 Davis Avenue.

4 ;
Winter Games stating it cost $514.70 which
° was taken from the' recreation budget.

. Hallsor has also prepared a report on the
Northern Native Faith’s Association
propose community hall-civic centre at
The Clerk-
Administrator is also submitting’a-report —
on the request by.Dr. J.D. Zucchiatti- to"
consider rezoning the northside of the 4800
block of Lavelle Avenue from single and.

" duplex residential to high ‘denalty

. Botha petition from all but one owner

. from the 4600 block of Lakelse Avenue (ihe
missing signature belongs to‘an absentee.
landlord) anda resulting two bylaws are
slated for discussion, — a

‘ Council's ‘recreation committee is
recommending the removal :

replacement (when finances allow) of an ~

_ Blin, bree infront of the Mbrary. .

- Arevised animal control bylaw is up for
first reading, This oné would permit the
riding of horses on “public highways;
require the verification of a’ veterinarian,
- that an ‘animal is ‘diseased, suffering or

" vielotis before its destruction immediately
upon impoundment, instead of at the end of
the usually required wait of at least: 7
- hours excluding Sundays and holidays. -
The bylaw also imposes a $40 fee for a
’ registered kennel or breeder.

The, new council proceedings. bylaw,
which among other. items will require. a
committee of the. whole. to meet: every .
“Monday. that council is not in session, is ;
slated for final adoption. - .

-- ‘The last agenda item is another bylaw,
this one to establish a seven-person,
economic development commission. .
While the commission will appaint its | own

“phairman.and vice-chairman, the council
on “how to handle restraints and:to’ asseas: ~oy a ‘timple iajority will appoint a

‘aud a retat

bo
‘aldermen with three votes each. .If one.
‘alderman is ‘absent during meetings, the :
other gets all six votes.
The economic development comission
_ will Have the duties of. ‘making -
presentations to business bodies * and
government, doing research, liaison’ with 7
the Chamber of Commerce, ‘and make
_ recommendations on Terrace's industrial
“and commercial activity,

~ Ottawa’ s relief. fails

“TORONTO (CP) — The

. federal government's relief

4

- Venezuela, trying to sell -

oll to reduce‘a foreign debt
estimated: at: about’ $29
billion, puts out two million
barrels -a “day and had
offered to scale down to 1.4
“million barraly,

Calderon Bertl said OPEC.

proposed . that “Venezuela
limit . its “production to

between 16 million and 1.7

million barrels’ a ‘day.

“The ‘minisiére refused to -

give ‘the- ‘breakdown of
quotas for: any: ‘of the
countries,’ except to say

Saudi Arabia would adjust |

its output to Sault market °

conditions,"
» Non-OPEC oll producers

Britain and Norway have.

cut their prices for Notth |

‘Sea crude, OPEC inember
Nigeria; which - “competes
with thé “North | Sea
prodiicers for the European
market, broke with OPEC

policy by slashing its prices, .

prompting fears of a price
war.

package for the foundering -

petrochemical industry in
Central. -and. : Eastern |
Canada faited to provide the
tax reliéf needed, says
Norman Kissick, : president

-of Union Carbide . Canada

Ltd. of Toronto,"
, Ottawa has offered loans
and.loan guarantees to two

- big producers, ‘Petromont
-Inc.
Potrosor Ltd. of Sarnia,

‘Montreal. and

Ont., and also-said a task
force would. be established: .

to study the industry's
difficulties, a
But . the two

petrochemical _ producers
want taxes reduced on the
crude oil they. use as raw

material, Kissick said in an’

interview.

“We are not asking for
bandouls or subsidies, but a
taxation system that allows .
us to ‘compete,’ said
Kissick, whose firm owns

_ one-third of Petromont and.

one-fifth of Petrosar.

The global recession’ has. Ty

dramatically . reduced |
demand. for petrochemical —
products and Kissick: sald
high federal taxes on crude
oll. are making it even’
harder for Canada to.
compete in the international

market. a

But Western >

petrochemical producers, :

who use natural gas as their

" raw material, are nat eager «

for Petromont and Petrosar
‘to get tax rellef, =":
“if they receive special.

~ assistance, their: ‘coat. of

production could be less
than..-oura,"” (Says. John’.
Feick, sentor vice-president
of Nova Corp. of Calgary.
“Then they could drive us
out* of the ~ domeatle
market."

John Akitt, president “of

- Esso Chemical Canada, a

division of Imperial Oi Ltd.
of Toronto, said the
struggling producers: in the

east "simply must switch to,

natural gas.”
“We have huge reserves
of natural gas, 60 it's going

to be cheaper than crude oil-
‘for the foreseeable future,”

he said.

Esso has. gradually been -

making the switch, with
two-thirds of * its
petrochemical operations
now based. on natural gas,
Esso has suggested a plan

where Petrosar would close
for three years so it could.

convert, with Esso
supplying Petrosar’s |
customers with primary
petrochemicals in. the
meantime, - -

‘But Kissick sees Easo's
proposal as “very - self- |

serving.” He said shutting

down for three years would

‘Classifieds.

; Comics, horoscope .

coat Petrosar f160 million in ;

cath flow needed - ‘to pay

- Interest on ite debts.”

Another obstacle is that

not all petrochemicals can —
be derived - from natural

gas.

Synthetic rubber, for
example, must come from
oil. Polysar Inc., of Sarnia,
is a big producer of rubber
and has. traditionally used
Petrosar as a source of raw
materials...

So ‘far, the federal

government has walked a
fine line between competing
Interests of the. various.

petrochemical ‘producers.

The loans and::’ loan
guarantees, to be matched

_ by provincial assistance,
‘keep -

will apparently
Petromont and Petrosar in
business for a ‘while and

~ their gas-based competitors

are not ‘opposed to ‘small

‘amounts of temporary aid.

INSIDE

Local world sports pages 4589

page 6
pages 889 :

Quality used parts from

_WHY BUY NEW?
WHEN USEDWILL DO!

Do you want partsto tix up your car but your budget: -
won't allow it? Beat the high tast of new parts with’

S.K.B. AUTO SALVAGE
635-2333 or 635:9095

3490 Duhan (lustoti Hwy. 16 €)

‘and |

on his.) fe. 2