| Hl Wh a | 7 Little or no impact expected The recent increase of the prime lending rate of one major Canadian chartered bank to 11 'y per cent will have little or no impact upon credit unions operations in B.C., A. Rod Glen, President of B.C, Central Credit Union said this morning. Mr. Glen explained’ that credi} unions in B.C. have their own sources of funds and these funds are earning depasiticrs . very allractive rates of interest. These funds are-available ‘for loans lo credit union members. * However, because each ‘credil union is an, autonomous body, both lending and deposit in- leresl rates. vary. from one credit union to another. But ever 50, he said, the difference bel ween the coal of . funds and eredit the income generated through the lending of such funds is sufficient 10 enable continued growth and success of credil. unions. George §. May, officer of B.C, Central Credit Unions, explained thal: ‘‘the general liquidily of the credil union movement in British Columbia is” increasing “gradually. ‘However, it will be necessary to retain light credit control for ihe foreseeable iuture. We are looking for some interim reduction ‘in interest rates later in the year and al thal. pain same loosening of controls might. be possible.” . : | Government to: Sponsor. Co-op Seminar The gavernment of B.C, will sponsor a special seminar for _ co-operalives (his summer in order that it may determine the’ role of government ‘in the area of regulation and development of co-u peratives in the province. This announcement was made by Dennis Sheppard, associate — depuiy allorney general in charge of corporale and financial services, al the annual convention of B.C. Central Credit Union-in Pen- eton July 24.” “Mr. Sheppard explained thai established as soon as’ il can be fitted into schedule ofthe at- lorney. general, .'” ; i ba ae a rrr He said that the rapid development af co-aperalives in ihe province and the increasing number of co-operatives has brought increased interest in legislation relating tothem. He. urged those present 10 deter--. mine carefully ihe needs such legislation should meet when asking for either amendments, to curren! legislation or new legislalion. © i, He explained that in the past whenever a co-operative was incorporated a file was opened and thal more or less. ended the government's involvement, He said that a major concern loday is ihe role of government in relation lo co-operatives. ‘This concern exiends la considering ° whelher or not the government - should atlemp! to educate the public aboul co-operatives, 4 : First Prize: $100,000 Second Prize: $25,000 Third Prizes. $15,000 6 Prizes af $1,000 each 9 Early Birds Draws © of $6,000 each Dit oonet sted eet adel weston tus Save te On, aunt Latter, REL Tod 1 600, Vuneomser VOB ES » Pecreatian;. _ above categories. $2 N PRIZE ‘offering any legal advice -and information lo new") ¢o- operatives, and endeavouring 10 protect the public inlerest.- R.A; Monrufet; provincial, supervisor of co-cperatives, told: Lhé Meeting thal more than 30. co-nperalives have been organized since the beginning af:° the, year, bringing the total number in the province'10 293; or Gassified as being consumer oriented; .°.-78 :-' producer marketing: 54 of which. were “e agriculturally’ based; ~ 12 the date of the meeling will be ae manufacturing 44 housing: °13 .wansportation; 21 service’ and arts “and 20° * education, miscellaneou VES which do nol sft into any of the ily! are) © Haw ler tien generai | manager and chief executive © this number 86.. were’ The . Honourable - Jean Chretien, Minister of Indian Affairs announced today that he is forming a Task Force to study the problems of northern businessmen and to make proposals designed 10 improve THE HERALD, TERRACE, B.C. | Task Force on Northern Business lhe compelitive position of northern entrepreneurs in federal conLracls. Mr. Chretien made the following statement: "To meet lhe Government's objective of viable economic development in ' Hydro Protects Environment Several new B.C, Hydra programs which emphasize prolection of the environment are outlined in the utility's 12th annual report, which was made public today. The” programs. include en- vironmental studies for all proposed electric power ‘generaling and ‘iransmission projects. Purpase of these studies is lo consider the effects the projects would have on fish, wildlife, recreation and olher areas. , ; During the year ended March 31, 1974, environmental studies were, substantially compleled on the Site One project on the Peace River and the Seven Mile project on ihe Pend d’Oreille River. Similar studies were carried out on proposed powerline routes in the Peace River area, in the Kootenays and on Vancouver Island. ~ Findings of all environmental ~ studies were presented to the . public in a series of public meetings al various cenires - throughout British Columbia, * Though. most environmental BUSINESS DIRECTORY studies are carried out by in- dependent consultants or by -depariments of the provincial or federal governments, Hydro also has established ils own new environmental: studies department, "In addilion.” ‘the annual report states, “B.C. Hydro has _-underlaken a thorough review ‘of its operations: from ‘the en- ~"yironmental point of view and is taking appropriate . steps -to “meet ils responsibilities in this . regard,” steps already initiated in- J clude: , : int wl wehbe Ea AA Ale A Aad Pi EY Oy tee Maer ar > - Examining planning and maifilenance .of (transmission S: 3 J Bene seminig Save the Orplscamn Lottery fighelst at S200 per ticket, | Please sendme 2. Save the Orphcun bottery books of 10 tickets at | I SII pet Dinthe _ ” soe . : Deere pS OE OS TIE SOFIE ME FIANCE 18 RLCEISED. | Pinot send vistiin the trai Make money onler ot cheapie | ay able 1 . | . I Save the @ epic Latterpe noe " . : I ‘ JAM eee ected AMAL NE ENCLOSE ec Jo stunts. ei : | Pot ee we DMM. oc cee ees | l a Sahel he the peice sd Ueilisht ‘daiabi I fe mater ELT ’ lines with a view lo minimizing landscape disruption | and making rights-of-way useful and prodictive; + Studying various reservoirs lo see that they are put ta the best possible overall use; the North iL is necessary to foster a stable lacal economy. The Task Force will present the views of northern businessmen. At the same Ume the Federal Government will review its policies toward regional development, business in- cenlives and awarding of coniracts. “} have recently received many representations from noriherners to the effect that. too many coritracts are given to southern ‘contractors ‘and contribute little to the northern economy. and suppliers have difficulty in bidding competitively for _ contracts against their larger, Canadian coun-. lerparls. The general lheme cf. , the representations that [ have. southern received ig that some form. of - preferential treatment should + Working, in co-operation with provincial government departments, on clearing debris at several reservoirs; Investigating: en- vironmentally attractive new sources af electric energy, including wind and geothermal power; . ; Resloring or improving construction siles, and - Seeding transmission line rights-of-way lo provide grazing areas, or encouraging recreational use. of righls-of- way. : | Barc 4603 Park PRERT'S DELICATESSEN’: Hoods-frofnall-we 1695-5440 | AG46 Scott E J Construction Management ‘ Land Development, Leasebacks. ago3k Park 635-3821 Terrace, B,C. Ci leersen Contracting Ltd. . CLEANERS ‘Clean is Clean when we do the: job " 695-4847 Db™ae RUG & UPHOLSTERY VS MENS WEAR LTD if it's for Men it's at Seis. 4605 LAKELSE’ . 635-5420 OW ABOUT ..” AN AD, FOR ME I” CASE YOU WANT TO ADVERTISE IN THE. A toZ DIRECTORY PHONE | 635-6357 7 EEP YOUR EYES OPEN For: Tip Top Bargains IN THE HERALD EVERY WEEK be provided businesses.”” . “T agree with this objective. to northern ‘In the tong run it is the local . entrepreneurs who. have: the. greatest slake in the com- munily and who have the greatest experience However, the problem is not. a simple one. Special preferences for contracting could reduce compelition and may result in increased costs. Existing government contract regulations are designed to: encourage competition and hence the introduction of - the wold Terrace For a number of, reasons, northern contractors’ and knowledege of focal conditions. - Terrace . TERRACE I'M EMPTY 14910 Hwy 16 special preferences’ may present difficulties.” - “However, I believe there are ways by which, local en- trepreneurs can be helped to become competitive without placing an unfair burden on the Canadian laxpayer.” . “I intend to create a amal Task Force composed of nor- thern entrepreneurs who would study the problem and put ’ forward proposals designed to improve. Lhe. competitive position’ of northern businessmen ‘in federal con- tracts, Accordingly, I have invited the Yukon and N.W.T.- Chambers of Commerce Lo give me the names of persons’ who could represent suppliers and construction contractors. I am, also asking the Canadian Arctic Cooperative Federation to provide the names of persons lo represent native entrepreneurs. From these names and guided by. any furlher suggestions the Chambers or Federation may offer concerning the make-up of: the group. , I will select a Task. Force representative of all” * berrow money, doesn’! go far northern entrepreneurs.” - “From: this Task Force -I would expect to receive proposals within” months designed to improve the posilion of northern en- saveral, Irepreneurs in federal can-, tracts. These proposals would then be discussed with goverp- © ment officials iq determine a. definite course ef action.”. a Fast - Efficient 635-6364 1Y 35 yramid Roofing * a . r & Insulation Lid.. PHONE FOR FREE ESTIMATES - “603K Park 635-7742 Terrace, B.C.- UALITY USED CARS _ Are our Speciality’. FLEET SERVICE LTD, . W 635-7665 EADERS THIS IS WHERE YOUR’ ADVERTISING PAYS: JN THE TERRACE HERALD Senor CENTRE LTD. 4027 Keith Ave., Terrace for “TESTED” Trusses and pre-fabs of all kinds fam Te Custom Towing @ > 1271 Substation Road gps AtoZ _ Business Directory . I FOR THE NEW WAY TO ADVERTISE otre Centre Recreatif Estival . .. ¥. Terrace Equipment Sales ms Kou SALES ) "Are pot’ thrdugh the- . A to Z BUSINESS DIRECTORY ; oo bo FOU CANT DO BETTER THAN | ADVERTISE IN THE HERALD WEDNESDAY, JULY 16, 1974 PM’S MOR TGAGE President of B.C. Central Credit Union A. Red Glen today welcomed Prime Minister Trudeau's announcement that homeowners will be given the right lo pay off (heir mortgages during the first five years after the mortgage has been granted -withoul “excessively high pre- payment penallies.”” “Credit union legislation does not permit pre-payment penalty clauses ‘in credit union mar- tgages in this province,” Mr. Glen said, “Nor are there any “bonus clauses.” “We weleame legislation which would give other homebuyers.the opportunity to pay off their mortgages wilhout heavy penalties."’ However, Mr, Glen was critical of the Liberal plan lo provide loan insurance for low- income employed people. He said that the plan, which will -enable poor people ta establish a credit raling so they can enough. “I would do little to help the working péor as (hey will still: have t# pay today's high ‘in- -lerest rates,” he said, He suggested ihat the government follow the example of credit unions in B.C. who recently established. a plan Terrace : 24 Hour Service : New Trucks to Serve '. 4539 Grieg t t _PLAN PRAISED | whereby low income people may apply to borrow money al a rate of six percent simple in- lerest, The program , which is now beiig implemented, is administered by CUPAC Lid. ; o company owned by credii unions and B.C. Central, and is funded by credit unions Throughout the pravince. AT THE LOCAL CHURGHES SALVATION ARM 4451 Greig . Captain: Bill Young ‘ $:48 Sunday Schoal 11:90 Morning Worship - 1:30 Evening Services 7:30 Thursday Night . “Blble Study & ‘ Prayer Meeting 20 For info on other activities phon Captain or Mrs. Bill Young, ST, MATTHEWS CHURCH. - 4726 Lazelle Avenua, Terrace Afigtican Church of Canade Sunday Services: 9:30 a. mand Taam, and Sunday School}1 am, Pastor: John Stokes 435-5855 Rev.: Mactin Sohra-Smidt - 635-3870 Churehs 635-7019 - CATHOLIC - CHURCH -- " Lakele Avenve SUNDAY MASSES 30 a.m, 10:0 a.m. VUES ae, Fl p.m, EVANGELICAL FREE CHURCH Cor. Park Ave. and Sparks 5¢. 9:45 Sunday School 11:00 Morning Worship 7:30 Evening Services Wedilesday 7:30 p.m. Prayer and Bible Study Rev. W.H. Taton 46H Park Ave. Phone SOb5115 _ CHRIST LUTHERAN CHURCH Cor. Sparks $l, & Park Ava. ‘Paslar DO. Kaiser © Phone #35-$a02 Morning Service att1:¢0 a.m. Sunday Schoolate:asa.m, “Your Friendiy Family Church” “ RNUX: © UNITED CHURCH 4907 Lareile Ave, _ Sunday School fone Senlor 12 & up -10:00 a.m. Under 12 11:00.a.m.00° -Worship Service 11:00 a.m.” Minister Ray. O.S..Lewls "ZION BAPTIST CHURCH Cor. Sparks & Kelth .- , Pastor; Glyde Zimbelman Sunday School #:45a.m. Morning Worship 1t;00a,m, . Sunday Evening 7:00 p.m, ” . Bibte Study Wed. 3:30 p.m. CHRISTIAN REFORMED CHURCH ’ . Sparks St. at Siraume Ave. | : Rev. Arthur Helleman:. Phone 645-2621 Sunday School -Terraca 10a,m, Sunday School ‘Remo. } p.m. 11:00 ain. Worship Service 5:00p.m. Workhip Service ALLIANCE. GOSPEL CHAPEL 10:00 a.m. + Bible Schoo! _ Sunday 11:00 a.m. - Morning: wor: ship : to, 7:15 p.m, - Evening Service, : Wed, 7:30 p.m. - Bible Study and Prayer in Pastor Munro os 5010 Agar Ave, : + Res, 6353470 © oa dat Cadets» 7:30 Wed. Whirly Birds | . a PENTECOSTAL TABERNACLE ° 407 Larella Ave, ® : i Service Schedule -- : Sunday School 10200 att + Mornittg Worship 11:00 a.m Sunday Evening 7215 p.m. Bible Study ‘ Wednesday ‘71990 pam, Youth Night Thursday. 7/30 p.m. . Phones: saetort: Office 435-2624 pastors: | Home 635-5934" M. Kennedy Thaend of your search for afrietdly * ghurch ye! . CHURCH. | of Gop) = 9 F GRiverDrive << Og Terrace, B.C. 435-4544,. - Reve R.L. White, Pastor, Saturday Night Service 7:20 p.m, "1 Sunday Schoo! 10:00 a.m: a Morning Worship 11:00 s;m: Evening Worship 7:39 p.m, — - . Prayer Service Wad, 7130 p.m. Youth Service Pri 7430. pn.