| . . t ok. : bank “will be" in ‘virtual receivership, Jt not ‘actual. " receivership, ” by: October. as a result of. lis heavy loan _YICTORIA (cP) - _ A brief statement toi an Opposition ~ member of thie Siritish Columbia legislature ahook Canada’s ‘ finsincial _fystem, ‘Thursday and. caused, shares of fhe country’ a secorid-Jargest. bank ie tumble, ae . But MLA Gary: Lauk; “‘pbvioualy. chastened, later Thar: Bank’of ‘Commerce, was heading towards: receivership. - °* Lauk (NDP-Vancouver. Centre) pald’ Wednesday that the “pommitinent to Dome Petroleum Lid. . His prediction was the main reason for the fall of the Le : bank’s stoek on the Toronto Stock Exchange and caused a. Durry on Bay Street: ‘* $17; down 90 cents.from its opehing level. : , More than 90, ooo Commerce shares changed hands on the ~ HALIFAX (CP) — Anti-spray Sroups . and Nova Scotia. . . Micmacs won the first round of a renewed battle over forest : “spraying Thursday when the provincial cabinet banned Aerial spraying of herbicides for at least the rest of 1982, ‘But the environmental groups maintaining a peaceful | ya outside Province House while the issue was debated in | _ te: cabinet toom ‘did not win ‘everything thelr quickly ‘The cabinet decided’ to allow ground spraying of her- bicides and in so “doing stopped short of imposing an — outright ban on the use of the chemicals 2 +D and 2,4, oT. RED DEER, Alta, (CP)- first marathon agriculture _ himself. ‘and wews' outlet aday’ withdrew: his prediction that the Canadian. Imperial: a Louk creates panic. and. cause Fordnto a eat Thursday mnakiag it os 10th mat aetvay. ‘fraded industriel stock. _ Commerce. ‘pank : br: “Taursday, ‘from veople sting te. know, ifthe ‘Following a meeting of the NDP caucus, Lauk abjectly apologized In the B.C, legislature for his statement, saying that while it had been made in good faith, it was based on _ incorrect information. The two chemicals are suspected of containing dioxin, one of the deadliest man-made poisons, and were com+ ponents of the deadly Agent Orange, the infamous Vietnam - War defoliant. Agent Orange has been linked to cancer and birth defects. . in the families of. some, Vietnam veterans in the United. States. “Environment Minister Greg Kerr emerged from the — cabinet meeting to announce the decision, but be gave no Teasons and left unclear the question of whether forest government's nches, ‘Investment: firms, Leuk ° teported - “getting many: ‘cally. bank was a Jolin Ve iahager at Piel Mackay-Ross Ltd. in Toronto; sald the fact. so many people “would: bélleve the possibility -that-a bank could fold in .~ . Canadlé underscores the lick of confidence the public has in : “the economy... \ . Ing sald it ig impossible that ‘abank ‘could fail ta Canada . because of the country’s protected banking system. No- ; * bank has ever folded in the country. : Commerce stock dropped $1 to #18% by noon ina frenzy of . *" trading. Ithit a low of $16% before recovering und closing at. a “iam now advised, and pereuaded,t by ten to totally withdraw any statments which | Tim ‘house in ref ia the Cuuadian, Hrpertal Back. of an ‘and: depositors.’ ixtesponslble and completely false, reflecting. 4 total lack of ‘Understanding of the Canadian banking. syatem. in. general: and the position of the bank in particular. Lauk’s atatement. crowded theatre.” © “These'are difficult times; and it is vital that public. comment be considered and responsible, particularly ” ” regarding our financial institutions,” he said. Even though Lavk withdrew hs statarsents ittaknown in companies can merely shift their aerial spray permits io ground spraying. Elizabeth May, spokesman for # coalition of 14 anti-apray Stoups, said later that nobody was sure if Kerr’a an- nouncement meant the forest companies will be easily able to transfer their aerial spray permits to ground operations. The environmentalists still want'a specific and outright bari on the use of 2,4,5:T in the province. ‘Although environmental hazards are generally less with * ground cperatlons; they ere not to be discounted. We are still dealing with the aame toxic chemicals,” sald May. Peter Lougheed hints. he’ il call an election + otficiais of ¢ , the bank that these slatements were not correc hie te wish: -Canaéa'sbusnes cops the recession. * de to:this ~~ ‘Commerce; he gal apologizing t to the bank's: shareholders: > Bink officials. "ated ‘} hi: stateiments: "Wedinesday B.C. Finance Minister Hugh Curtis was sharply criti of a TN i bak ina ae tering ceremony at: : ome The infant’s godparcnts Greece}; writer ‘Sir aunéns van der . cousin, Printess | Alexandra; the — Alberta Premier Peter. * Lougheed dropped hints’ ” 'Thuraday of an early glection, but ‘quickly ‘eovered his tracks when “questioned later = by _feporters. ; _ 7" “We'll be into an election campaign . in the near. future, but I'll leave the essence of that. (word) . undefined,” he said during his wrap-up ‘speeth to 300 — delegates and members of the’ legislature at the Progressive Conservatives’ - policy conference, He added the conference was “well-timed’* and later told reporters he meant the conference--made sense because it comes on the heels of the major .Gllson report on grain tran- sportation and “as we move _towards) a provincial “election.” -But he threw. cold water ae election speculation. With “a smile, Lougheed ‘paid he still favors a tramp to the poll fiext spring. “T’ve said the election will be next spring: (four years “after the last election in 1979) unless there is something that happens to ’ change my mind.’” The Conservatives hold 73 of the Alberta Hegleatwe's 7 seats. ; . . Earlier, Lougheed said in his speech legislation will be introduced in the fall which - could give landowners up to - $5,000 as paynient in Babe settlement , sroHundonds of _ waa 1 aalans rath ent to work sday in’ Alaska’s Bristol Bay, harvesting red salmon - under a. price agreement reached Wednesday. Mitch Kink, general manager for the Alaska Independent. Fishermen's Marketing Association, said all but one of the major processors had fallen into line with the offer made Wednesday by Kenai ‘Packers. The association won a _ Bettlement of:a flat 70 cents a pound for reds, whether they were to be canned or frozen, Spokeamen said the offer was accepted by a 3-2 margin among its some 700 members. The settlement came just -aB the. world’s largest red “salmon run was reaching its peak. At last count, some 8.8 million fish had been caught ‘it, st lyk ae Reve 18 Pau hananian- una ye Ont ALA teal eu entimated | the other prices ‘eqrosl'y upon was 32 cents a pound for chum salmon, 75 cents for king (chinook) . ‘salmon to be canned, $1.30 | Willian christened LONDON (AP) — Prince. Willlarn of Wales, the baby son of Prince Charles and his wife, Diana, will be christened In _the music room at Buckingham Palace on Aug. 4: * The ceremony will be performed at noon by the Arch- . bishop of Canterbury, Most. Rev. Robert Rurcie, spiritual: © . head of the Church of England, a palace announcement said. The bhie-eyed baby, born on Jaine 4, hag. ‘deri named | William Arthur Philip Louis. Second in-line to the throne behind his father, the ‘prince has only been seen ance in public — the day his parents took _ him hore to Kensington Palace from St. Mary’s Hospital, Paddington, just 21 hours after he was born. ~ Aug. 4 is the 82nd birthday of Queen Mother Elizabth, a: ‘well-loved figure within the Royall Family and throughout the country... "| ‘The christening will come one week “after Charles and” _Diana,.the Prince and. & epi first wedding anniveysit) ” Queen Elizabeth, Car - arrivals have been ‘the Queen : Charles}sipeat-uncle. ® “faa wali 5 ” Romsey; dson‘of ee Ear! oh {Fight High Blaod Pressure Aheumatic Fever 4 | Them All ” Heart Attack, Stroke recognition of their loss of. absolute control over land. © Rural. Tories had* said more promotion. of the made has left huge inventories of salmon,. culting ~defnand.:: The industry has proposed a‘ cut in pink salmon prices for flshermen to 25 cents a.pound from 48 cents last year. In addition, | ‘accomplis- hard-pressed farmers with . surface-rights - 10. take a reading on rural - Cages, Ww admittéd - different views. hments and quick action on a - three-to five-year legislation program of subsidized In- would win votes in the next terest rates. election. ; But Cochrane-area far- The legislation, expected mer:John Stewart-Smith ; to.closely follow a report by wanted. no part of govern--_ aselect committee tabled in ment assistance. ‘the legislature last year,- was the only firm action to market.. . People wouldn't come from the “look and tolerate. the: ‘things they ‘get listen” conference designed from government. if. they had to pay directly,” - - Stewart-Smith © sald. dissatisfaction with the government. } The rural and farm vote is windfall" . after rapid | oil- important in Alberta since price increases in 1075, but | 003,528 of the province’s Lougheed sald the increases nearly 2.2 million. people were long overdue, _— live in communities : with “OPEC's rise should have populations of less than 12,000, _ the premier. ‘Before ‘that, : Although criticiem, in most . producers were ie getting aq mild, Lougheed |,.real value: {ar :the.rewoue: a a one SDivae TU Get cons sea ok i Shiite ish wide gag between - Despite pleas for financial Tories'on some issues, © —assistance from many rural “It’s healthy to have Conservatives, . . This said his government. has no | plans to introduce new aid- Programs, although both whole conference has been - very helpful to the caucus." ‘Subsidies: distort the © Alberta had been “handed a been 10 years sooner,” said Lougheed | * who can live through times of economic troubles. “Agriculture has had cycles before, [ think you people are better prepared than others to Ro through J eycles.” - _, The ‘premier insisted the. current eycle will soon turn . - around and Alberta will lead the way. But he noted - the ‘economic situation in the U.S. ‘doesn't. look as good as it did three months 4 ago. ” _ In 1901, there were 58,056" farms in Alberta, averaging ' 925 hectares. (813 acres) - with cash receipts of $1.876 billion. Ten years ago, there were. 62,702 farms averaging 316 hectares (790 ‘acres) with cash receipis of 1 RDB: ‘million. -But a spokesman . for Agriculture - Department +} Attend the Church ithe... \, ry that the comers is feeling . ~Inrecent daya, four miijor. Canadian banks, inchiding the ; Commerce, had | their- ‘debt ‘ingtruments . ‘downgraded: by | cable.triple:° - rating ++ a psychological. blow that is in‘part due:to the . Weakened state of the institltions becatise-of the recession: The, Comutierce and all of Canada's: major banks have | “huge loans. out to. Dome Petroleum: Ltd. of Calgary, which, |, » has bank’ debt outstanding” of between. oy billjon’ and 4 billton, The Commerce has. loaned about a billion to the . _- tompany." mage Curtis told the legistature that “one does not sry fire in a , ‘Dominion Bond Rating service fromthe im it is: the. major banker to "Massey: ‘Ferguson Ltd. af . - Toronto, the ailing farm-equipment maker, which owes it’ about $225. million. And the Commerce’ appears to be the major. lender to . “Turbo Resources, a Calgary-based oil and gas producer. - with an estimated $400 million in bank ‘debt. Ati -spray ‘environmentalists win in Nova Scotia The government approved spraying of 4,855 hectares (12,000 acres) of forests with herbicides in an attempt to protect young softwood trees from encroaching brush. Announcement that approval had been given. was followed by immediate protests from the environmental groups and Micmac Indians. - , The Micmacs tore up some young trees at a nursery near the reserve at Whycocomagh, N.S., in Cape Breton on Wednesday in anger over the spraying nearby. The Indians said thespray endanged their ‘drinking water, game stocks, handcraft industry and possibly their health. The question of spraying the forests now goes to a royal commission on forestry, which will begin hearings. next month. The, government. dasjounced ‘it would constilute the comimnissiph, early ahjs yaar, but it has only..now become clear-‘that the hearings will become a battleground for the pro-and antj-spmay f4rcea. A spokesman for the Halifax-based Ecology ‘Action Centre said. Thursday night the anti-spray groups are already girding for the fight against the forest companies, while continuing their battle against uranium a mining ina separate judicial inquiry. NOW RENTING Birchwood Apartments © Adult oriented — Quiet [5 unit building Each sulte complete with: | . Refrigerator = stove . drapes J wall towail carpeting aundry facilities “Security entrance oe On premises managers Close to downtown . Ya block fram arena & swimming pool Featuring: 1 bedroom suite +8355 eS leG TS chal Vue Gad In 5 Alig reer SOR EPROP! rhs tif todd it _ said 1971 was an off year. . scat 3 ws ETT oes PHONE... 636-4422 PAPE LIP LPP LINDO OP NP UP CLP WLP WP AA POLP OD PULTE aud ee, for freezer kings and 70° sockeye prices would be set For. example, Fairview . the Financeand ‘Agriculture § "cents 8 pound for silvers at 68 cents a pound, down . farmer lari Macdonald Departments were looking {cohos). ‘ from $1.08; and Coho prices” ‘suggested the province dip at ways of helping farmers. ‘Ye Choi Q "Prices for pinks are to be would drop to 68 cents a into the $11-billion Heritage Lougheed pralsed Alberta oO our ice : ‘negotiated later. ‘Pound, from 75. Savings Trust Fund and aid farmers as a tough breed The settlement {s simifar. © - - sun ames } to the one accepted Sunday “TERRACE . THE 7th DAY k “by the Western Alaska Co-' 5 PENTECOSTAL SALVATION ADVENTIST a operative Marketing 5 ASSEMBLY, _ ARMY 3308 Griffiths Association, except for the , Pastor John Capiln 7 Walsh Ave. ’ PastorHenry Bartsch = § flat rate for reds. 3511 Eby St.,. . . 638-2626 or =| 635-3232 635-7642 § In Vancouver, mean- : Te nen SUNDAY SERVICES | smn Sabbath Schoo! while, the Fisheries SUNDAY SERVICES | 9:30 a.m. — ‘Sunday | |- (Sunday School). Association of B.C, tableda ~ j 9:45 Sunday School Schwol for all ages. | 11:00 am. — Worship 9 contract offer Thureday 11:00 Morning Worship 11:00 a.m, — "Family Y which would cut salmon. # 7:00 Evening Service Worship TERRACE >. prices from last year’s , - 7:30 p.m. CHRISTIAN oh rates, S HOUSE Evangelistic Satyiten REFORMED The companies say a : - . OF Meeting CHURCH. slump in demand causéd by PRAISE WEDNESDAY * _| ReverendS.VanDaalen ? the. now-diserédited in- ; Pastor Arnold Peters 7790 pm. —— Ladies’ Sparks Street 6 } ternational botulism scare 3406 Eby St. Home ' Leh pie. Straume Avenue § 635-3015 635-3457 Fellowship. !— 10 \ - Sunday Services ZION Sunday - - Schoo g ‘ | em. BAPTIST | Worship Services — 11 f ihe cee CHURCH “T am. and § p.m. SACRED - Pastor Paul Mohninger - Listen fo ihe Back to HEART . Home 635-5909 | God Hour every Sunday : PARISH : Corner of Sparks & at 6:36 a. m. on CFTK. . 435-2313 - Kelth 8 Don't be misled by soft drink cans: and U| mestrqume sas am.-— Sunday _SHURCH, oo bottles labelled no refill or no deposit. You're ~_§ Sateven.=<7:a0pm. | School = ng a : . §& Sunday Masses | a.m. — Morn . ” Reverend Rt L. White - entitled toa refund on all carbonated bever _ Sundey Mase Worship ~ Revere Rl we _ _agé containers except large size cans. 10:00 81m. st. MATINEW's | Terrace 8. The Litter Act requite refunds to be _ oe eeeeaaiakaie ANGLICAN 10:00 a.m. § > CHRIST. ' CHURCH Sunday Schoo! _paid arid as a direct result our beaches, parks . 2 te “ab tanaliedverve | nets ol. white _~ .,and roads are cleaner and more beautiful a, —f - eHuAcH “SUN vices | ee we than ¢ even : : cs rae 9S am. = Holy. : wee - Two-hundred million beveinge silesa 4 casas fees | Soon “sunday | Weanecioy 70 ; ce 5. r' ' - 7:30 p.m. che work sled Coie ond | year in the province can be made with onlya. ~ 2 > ‘cornaretSperks Scho samday | Praver Servis celebrat . ; ‘mo - ire» = married in-a gilt fraction of this number of containers ifwe' =... EPark Schoa my _ eee Sly 28 ee stick to refillable containers-It means great >.) RGTR: Perna uly ane | tn:00: oe Holy Con, | oe QELANDS: ab room. ie “savings in resources, energy and pollution, ©. wore wit begin at | munion except: third CHURCH el soe a f Constantine of Bed ‘T's really straight-forward. Any store. OS yeas ame oe sunday | ee '= Informal Pasa 7 _ oe gue cP that refuses to give the cash refund 9 ced, a vo Q Shureh Seheiot kin | Service “] = corner ot Haltiwent | i Hat = is breaking the law. The same applies bet sb eaten threnan ktiox unites | 9: sas Ne Thomas ountbatten of Burm, a thes store oumer and hiss plier. So & M00 am. Regular » CHURCH | "Bible Teaching | : fut Sr ee A worthip - service, | 7:30. |. * Sunday: School .. = There’ sno ture in no returri as pm. evening worship ~ 4907 Lazelie Ave. W:00 am, _ we wos - —_ each 35-601 iN td Me : Morning Worship Y month 9° Rev. Dav ty, Service “4 (Holy: ‘Communion. first BALM. Dive tr: ® p.m: _ Province of . ee § Sunday. morning each |” Worship - =Wam - British Columbla * @ month, .and: the “3rd ; Singing and Bible ‘Study a Sunday evening of gach Nursery to Grade 6— u Wednesday 8:00 - ee ) month.) . - ee eet ee - Home. Bible Studies. are Confirmation. ; - Grade 7 to Adults = re "You Are Welcome . _ Newt n& Adult Classes, a.m. at Uplands” ™ Mera Friday, Joly 9, 1982, Powe 3 tocks. to fall | einen yn senna ee ees