EDMONTON (CP) — A person's lifestyle and goals have more to do with proper financial management than ' adding columns of figures, says Robert Gawreluck, 4 consultant and instructor on personal financial management. Gawreluck, executive assistant to the vice- Alberta . Institute Technology, has conducted a 12-week course on financial management at the University of Alberta for the last seven years. During that Gawreluck has time types of decisions to be made haven't changed that much. Page 10, The Herald, Tuesday, September 18, 1979 Goals said answer “I'm not 60 sure the types of financial decisions which people have to make have changed that much over the last few decades. But with a higher degree of inflation and more sophisticated marketing, people's desires have escalated, often far beyond thelr means.” . He said people don’t seem to know what they want out of life. ‘‘They haven't audited their lifestyle, their wants, needa or goals,’’ Consequently, he now spends more time in his course and consulting sessions trying to get people to indentify those goals and neers, "If there are two members of a family and one is a high- risk taker and the other is creasingly more pressure qi not, that can lead to a lot of trouble.” But it’s important that the lfestyle desires be identified and established before a per- sonal financial program can be developed. — Gawreluck said there is in- OTTAWA (CP) — Negotia- tions start Wednesday in Washington on limiting imports of American chicken which have reached such high levels that Canadian farmers say they could be forced out of business. Gaeten Lussier, deputy federal agriculture minister, told 200 demonstrating Ontario chicken growers Monday that the federal government thinks the negotiations should produce people ag inflation continuts to rise. One problem is that many - Canadians have abandoned the Idea of a home and tn so doing have lost a financial hitching post. Even if home ownership remained an elusive goal, it often provided a foundation on which some kind of budgeting decisions could be made, - agreement on lower import levels within a month. Before meeting Lussier, the chicken growers paraded in front of the agriculture department headquarters LIMITS SET with signa calling on Agriculture Minister John Wise to close the border to imported chicken. Lou Nieuwland, a Well- andport, Ont., chicken ‘grower, sald many farmers fa¢a bankruptcy because processing firms are buying U.S. chicken at below the cost of production and ignoring Ontaric birds. Many of his nelghaars had barns full of birds wnich should have been proceqsed, : he eaid. The growers want [mports Limited to one per cent of total requirements which was the traditional level before 1975. HONG KONG (Reuter) — A Canadian parliamentary delegation arrived in Hong Kong on Monday, ending a 10-day viait to China which Included talks with Premier Hua Guofeng (Hua Kuo- feng). The delegation Is to visit a transit camp for Vietnamese refugees here taday. Before leaving for. Ottawa on Wednesday, the delegation will pay 3 courtesy call on Sir Jack Cater, chief secretary of this British colony. — James Jerome, Speaker of the Commons, said in Canton BUSINESS DIRECTORY Leanne eee eee ee eee eee ee a P.O. Box 834 TERRACE. B.C, VaG 4B5 Plumbing + Heating - Commercial Servicing Residential - Indusirial « and Sheet Metal Shoo Charlie Belanger. 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B11) Kemprling, Progressive Conservative party whip and a Burlington, Ont, machine shop owner, said afler the nine-day visit: ‘'You've got to be impressed ‘with China's progress, eveti from the limited view pro- vived by a tour like this.” murvey Andre, Con- servative MP for Calgary Centre and a chemical engineer,; agreed with Kempling that more joint ventures forelgn firms make the. mogt sense given China’s sfortage of hard currencies to finance Its big plans in wegriculture, communications, indusiry and aclence and technology. Both agreed that the tour underline the fact that, as ‘ Kempling put it: “We seem to have a real leg up insofar as goadiwill for Canada is concerned." - But they also agreed that patience is going to be essential as China sorts out ita investment priorities. Andre said development of Chinese petroleum. seems to cts success story. There also ” appears to be. Chinese in- bea particularly fertile area for joint ventures, which would provide revenue from the start for China Sand give incentives to foreign firms to Jocate and produce off-shore wells, : Petro-Canada has ear- marked about $3 million for the offshore seismographic surveys now being’ done by aceres of firms. Rang er Oil of Calgary is another.- China has yet to be specific about its terms. It bas a team in Japan studying tax laws. Kempling, who served in wartime China for six months a3 a Jisison official between the British and American armies helping China fight Japanese in- yaders, said China may decide to deal with com- panies individually, rather than make a rule for them all. Hotels, port facilities, farm equipment and hydro projects are seen as possible opportunities. China has been amassing International credits estimated at $18 billion or more 60 far in 1070 alone. But it has applied a three- year period of ‘‘read- justment” to its moder- nization plans, freezing some projects already negotiated. Kempling sald it is essential to look at China as a long-term market and Canadian opportunities abound, | He says he thinks Northern Telecom with a com- munications project of about: $2 billion may be the first terest in developing wheat PIPE, PLUMBING SUPPLIES, PUMPS. HOSES, NUTS AND BOLTS, FENCING. WATER SOFTENERS — AND MORE — ‘output in thé. north, which would need tractors, com- fines aind‘other: machinery. To Serve You _ Suergreen Contracting TERRACE Phillps, Magnavox, Zenith fon. 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R q “WE TRAVEL — YOUR HOURS” Y | Steam Cleaning and Pressure Washing For Your Ad. 20 Sth chm Sf hase ode leit eanases Call us at 635-6357 - 9to5 . 28 cents, WEEKDAYS 8-11 WEEKENDS 9-11 . " So This isn't seen as a threat 5239 Keith Avenue - Near B.C. Hydro EARNINGS to Canadian wheat sales, 4438 Lakelsae 635-2104 PHONE ANYTIME 635 7 1 58 main export Item a to China, 635.9505 - . YOUR FRIEMOLY CONVENIENCE STORE DAVE & ALLAN 3 marked for major cities " because China's datribution Dominion Citrus and System has provlems. } Drage bid. six tnantns Canaan sales ofall ems = ‘ . July 31; 1979, $797,721, y . ; Terrace Electronic Repairs Ltd.| | GLACIER aE Te ating said a bane = $751,448, 45 cents. tillage machine perhaps can ~ SERVING TERRACE, & NITWAAT L.. ann Hrd carpels Lanne by develope atl, Tass ~ i ~ . 1) be a o> 4418 Legion Avenue months ended July 3t: 1979, he had seen could be much gg NER ted dw ogy . $1,516,524, loge, 205 cents e improved. ar ss @ DEPOT + Terrace, be. share; 1978, $1,;80,650, loss, At the same time, China is’ Oshawa Group Li, 3B weeks ended Aug. 12: 1978, $902,000, 13 cents a share; 1978, $1,731,000, 25 cents. DOLLAR prop aircraft and Steleo and MONTREAL (CP) — US. dollar In terms of Canadian ’ funds at 3:30 pm, EDT Monday was up 2-25 at $1.1635. Pound sterling was down 63-100 at $2.5109, In New York, the Canadian dollar was down 3-50 at $0.0595 and pound sterling was down 710 at $2.1580. not likely to plunge ahead with mechanization of farms for itgown sake because with &) million Chinese in the country and at least 23 million unemployed, more machines could ralze new difficulties. Kempling said De Havilland seems to have a good future with Its turbo- Interprovinclal Steel could do well in plpeline supplies. That also applled to forestry, construction equipment and trucks, but Talwan may turn out to be a competititor, Officially, China doesn't recognize the Taiwan government, since it con- siders Taiwan a province of China, But Kempling said a truck deal may be imminent. STOCKS TORONTO (CP) — The Toronto stock market was moderately lower at the close of active trading Monday. The TSE 300 index fell 2.96 to 1,728.91. Analysts said the decline was due to profit-taking in oil and gas lasues. Volume was 7.9 million compared with 6.99 million Friday, Among industrials, IBM was up 4% to $80, Canadian Occidental Pete 2% to $7%, NuWest Development A 1% to $3314, Petrofina Canada‘ 1% to $47 and CAE Industries Se to $13. VANCOUVER (CP) — Prices were mixed in heavy trading Monday on the Vancouver Stock Exchange. Volume at close was 5,030,687 shares. Of shares traded, 150 ad- . vanced, 177.declined and 141 were unchanged. In the industrials, B.C. Re- sources Investment Corp. was down .05 at $7.95 on 150,665 shares and Renn Industries was down .06 at $1.30 on §,000, Taro In- dustries waa up .08 at $3.95 on 2,800 shares and Great National Land was up .10 at $1.30 on 2,000. Daon Development was down 1-4 at $19 and Potter Distillers B ‘ves unchanged at $1.95. On the resource and ‘evelopment board, Con- Ba solidated Silver Butte was Husky Oil fell 5% to $71%, Gulf Canada 3% to 997, Falconbridge Nickel 1% to $69, Dome Pete 1% to 49% - and Cominco 1% to #45. United Keno Hill rose 2 to $20%, Roman Corp. 1 to 41% and Glant YELLOWKNIFE Mines 1 to $12%. McIntyre Mines dropped 3% to and Sherritt Gordon to $l. Ocelot Indugtriés B gained 1 to 23%Merland Ex-' Plorations % to $16% and Sulpetro B % to $17%. Numac Oil and Gas declined 1 to $41% and Canadian Reserve % to $21. down .02 at .27 on 219,625 shares and Action Resources was up .0 at $2.20 on 70,900. Action Resource Warrants was unchanged at .40 on 67,350 shares and Copper . Giant waa down..18 at $1 on 4,300, Musto Explorations was up .26 at $1.70 and Mountaineer Mines waa up 02 at 43, On the curb exchange, Weat Trend Resources was unchanged at §1.60 on 121,000 shares and Veronex Resources was down .47 at qo 93 on 75,900, Shelter Oil and Gas was down .70 at $1.90 on 65,450 shares and Rainbow ources was unchanged at 46 on 58,600, Sliver ens was Unchanged at $1.60 and F mbury Gold Mines waa F unchanged at $1,50.