ie a a

‘apprehended,
, Halt

First Annual Legion Rock nm’ Roll Senefit was held in of
the arena Saturday and Sunday. There were 20 hours nor

rack music played by bands from northwest B.C.,
thwest United States and southwest B.C.

f

Bank Trendicator shows growth

‘TRENDICATOR' POSTS
SMALL GAIN
Complete data for the first

quarter of 1976 reveals that
e Royal Bank of Canada
‘Trendicalor’ grew more
slowly than earlier
estimated, posting the
weakest quarter-to-quarter
increase since the index
resumed its ypward trend in
the first quarter of 1975.

The latest ‘Trendicator’
Report, released today,
reveals that the bank’s
index of leading indicators
grew by only 9.5 per cent,
rather than by the 1.0 per
cent as estimated earlier, in
the first three months of this

year.

“Tt continues however, to
be our forecast that real
economic
average as high as 5.0 per
cent in 1976, but this forecast
depends on strong consumer
spending and housing ex-
penditures,” Dr. Robert
Baguley, Royal Bank senior
economist and co-designer
of ‘Trendicator’ noted.

Dr. Baguley said he ex-
pects that new

be very weak in the year. He
added that the feeble first
quarter performances of
two ‘Trendicator’ com-
ponents-real corparate pre-
tax profits, and the ratio of
price to unit labor costs--are
not good economic signs.

“The sharp decline in
these two components un-
derscores the -difficulties
corporations ‘will have in
generating the savings
required to finance a new
burst of investment spen-
ding,” the Royal Bank
senior economist said.

Dr. Baguley argued that
Anti-Inflation Board profit
guidelines may. have an
inhibiting effect on the
strength and durability of
the current economic

POLICE
BEAT

There has been some
vandalism around Terrace
over the last week. The
traffic. lights on the old
Skeena bridge were broken;
the amount of . damage
caused is not yet known. A
window was broken. in the
Thrift Shop; one male has
bean taken into custody and
charges will be laid.
Richard's Cleaners was
broken into and an attempt
was made to break open the
pop machine, B.C. Hydro
réported approximately
$1,000 worth of damage to

equipment on Park Street.

Brian Graw  reperted
damage to his vehicle which

’ was parked at the Arena;

one female. juvenile was
Louis
. krann reported his
house broken into and a
small amount of money
stolen. . Heinz — Holtel
reported two wheels stolen
from his car. Marcia Albert
reported the theft of about
$30 from her purse.

growth:: “may ~

lant and —
equipment expenditures will |

recavery, ,

The anti-inflation
program, as expected, is
itting hardest at corporate
profits. Under the profits
rules, profit margins, which
jumped upwards in the
early 1970’s because of the
inflation of inventory profits
and the understatement of
capital consuptiorn
allowances, are now being
wrenched downward to the
historical trend level that
existed at the beginning of
the decade. Typically, profit
gains are concentrated in
the first one or twe years of
economic recovery and lay
the basis for increased
business capital spending
later, he said.

Five ‘Trendicator’

first quarter’ of 1976. They
were -the number of
resideniial building permits
issued; primary steel
production; the Investors
Index of 134 common stock
prices; the Toronto Stock
Exchange __ price-earnings
ratio; and the deflated value
of the money

One ‘Frendicator’ com-
ponent, average hours
worked in the manufac-
luring sector, remained
unchanged from the final
quarter of 1975. The deflated
yalue of liabilities of
business failures, another
‘Trendicator’ component,
was assumed to have
remained constant in the
first three months of the
year. ;

supply.’

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‘components increabed at ..-.
..below-average.rates in the... -

Three ‘Trendicator’
components declined at
below-average rates. They
were ratio of price to unil
labor costs; the deflated
value of total building
permits issued; and housing
starts in ubran areas.

The final ‘Trendicator’
component, the deflated
value of corporate pre-tax
profits, fell at an. above-
average raie in the first
quarter of 1976.
| ‘Trendicator’ is a com-
posite index of 11 leading
indicators whose turning

points have historically
tended to precede those of
the.economy. It is designed
to signal in advance changes
in the direction of real
economic activity in
Canada.

The performance of
‘Trendicator' has been
measured against the
performance of the
Canadian economy for the
past two decades. “On
average the index has an-
ticipated upturns by six to
nine months and downturns
by three to six months,

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XL-76 chain saw

GAP!!! How often in the
last few years have we
heard those words? The lack
of communication between
the older segment of the
population and youth,
teenagers in particular, is
causing a generation gap
which allegedly causes
many home, school an
communily problems. ‘Vhat
do we do about it? The
answers are many and
varied, each of us has our

- own idea, but two words thal

must crop up in any
discussion of the subject are
listen and care. Really listen
to one another and care
about what the other is

By Maryann Burdett
Royal Canadian Legion
(Pacific) Branch No, 13
Terrace

saying. Perhaps the
Associate Membership of
Branch No. 13, of the Royal
Canadian Legion listened to
the youth of Terrace and
cared about what they
wanted when they came up
with the idea of a Rock and
Roll Benefit, This past
weekend many hundreds of

d- our young people spent long

hours at the arena listening
to six bands, dancing to
their music and com-
municaling not only wilh
each other but with the
members. of the ‘Royal
Canadian Legion who
dropped in from time to
time or as in the case of
some of our Associate

THE HERALD, Wednesday, July: 7, 1976, PAGE Aj

Members, practically lived
there for {wo days. A
tremendous amount of work
went into the organization
vand carrying through of this
event. Comrade Graham.
Geeraert worked tirelessly
to make the event the
success that it was and
deserves -a great deal of
credit for his efforts. Giving
credit where credit is due,
we cannot forget the
element that was in-
strumental in making the
benefit such a success.
Many bouquets to the
YOUTH of TERRACE —
just for being a great bunch
of kids. Facts and figures
are not available at the time
of writing as to the financial
success of the venture and
perhaps they are not im-
portant. Success was
measured by the reaction of
the youth. Comments
seemed torun to “Far out”,
“Hey Man”, “Right On”,

“The Greatest” and ‘Sure
hope there will be another
one next year’. They came,
they listened, they cared. Is
the “Gap” a little narrower
between the, youth of
Terrace and Branch No. 13
of the Royal Canadian
Legion? We hope so.
Members-don’t forget the
car raffle that is inprogress.

. There are still tickets to be

sold, if you can spare a
couple hours with the car
ard a ticket book next time
the car is on display.

Summer Stand Down is in
process and no special
events have reached the
writers ears for the next
short while. Don't forget
however that every Friday
and Saturday evening there
is exceptionally good live
music at the Branch. Come
along, bring your guests and
join your comrades for
pleasant evenings and good
dancing.

Socreds initiate provincial "Foodstakes"’

“FOODSTAKES”-WINNER
OF B.C. FOODS

Agriculture Minister Don
Phillips today announced an
ambitious marketing and
promotion campaign for
British Columbia food
products that will see
persons winning quantities
of B.C. food products b
entering a “B.C. Faod-
stakes’.

Details of the contest are

still being formulated. To-

ualify as a. potential
oodstakes winner, con-
sumers will be asked to send
an entry form or label from
an identified B.C. food item
to a central location.
The month-long campaign
isexpected to get under way

in late July.
“The name of the game is
buying, sellin and

marketing,’’ said Mir.

Philips. ‘We all eat food so
it concerns all of us that our
loeally produced foodstuffs
be of top -quality and
quantity.”

The minister continued:
“We are in the unenviable ©

le “

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position of having only 2%
per cent of our tolal land
area as arable acreage
capable of producing food.
We have no cholce but to
take precious care of that
land to ensure it mantains
er increases procuctivily.
Gur British Columbia
farmers are doing an ad-
mirable job with that
limited Jand base in
producing for you and me

some of the finest rasp-.§

berries in the country,’
apples and other tree-fruits
famous throughout the
world, livestock, dairy and
poultry products of top
quality, and many other
vegetables, cereal crops and
nursery crops which are
almost unique to this
rovince. It’s everyone’s
industry, not just the far-
mers.’

The familiar ‘Home
Grown B.C. Quality”
dogwood emblem that
appears on many provin-
cially produced f item

ckages, willserve as the

identifying feature of the

in effect until Saturdey

while

campaign. Provincial food
processors and marketers
will be encouraged to make
use of the logo to create
maximum exposure.

All media will be involved
in the promotion campaign
‘including newspaper, radio,
television, feature articles,
display advertisements,

point-of-sale _ promotion,
booths, price cards, ete.

“Consumers will be much
more aware of the role of
British Columbia
agriculture after this
campaign,’’ slated Mr.
Phillips. ‘‘The dogwood loge
and the ‘Foodstakes' jockey
are the things to watch for.”

Notice to Parents

..The Playgrounds this year will be run on the following
Schoot Playgrounds an these dates: " .
..duly 5 - July 23 (Clarence Michiel)

July 24 - July 30 (Uplands)

. August 2- August 13 (Cassie Hall)

. August 16 - August 20 (Skeena Junior Secondary?

. August 23 - August 27 (Caledonia Seniar Sacondary}

.. Everyone is welcome who is 5 years of age to 11 years of

.. Saftball tournaments, camp-ouls and. track ments are alsa

belng organized.

.. The times will be from 10:00 a.m. - 12:00. p.m., and 1:08

p.m. - 3:00 p.m.

oc

quantities last.

, July 17th

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