oe gee ee
we ele ys ae

Terrace and District Credit Union mana

ger Dennis Brewer displays a pile of

newly-arrived one dollar coins. Brawer said the coins will save the federal

government money in printing costs, but banks will have to pay more for

shipping.

ed
kx* *

| Court. report

On Friday, July 17 in Terrace

Provincial Court Herman Guno

was found guilty of operating a

motor vehicle while his ability to

. drive was impaired and was fin-
$450..

In Terrace ‘Provincial Court

.on Friday, July 17 Barbara Rus-

sell was fined $250 for an of-

fence under the Motor Vehicle’ Morten Schroder of Terrace’s Hudsons Bay Vendirig speculated that, despite

"Come in and Help us

*) Loonies” hit

CE — The introduction
of the dollar coin, otherwise
known as the ‘‘tconie’’, has
resulted in many inquires about

_ the new currency from Terrace

and District Credit Union mem-
bers, :

Genezal Manager Dennis Brewer
the institution has seen many of

| its members come in and ask for

the dollar coin in rolls in order
tions.

Residents regard the coin as a
novelty; they just collect. them,

the present time, Brewer said.

The coin has been available to
the bank for about 10 days, and
has me a popular conversa-
tion piece: According to Brewer
members have asked questions
like, “Is it really worth a
dollar?”?

The elevenesided coin is ex-
pected to replace the one dollar.
bill by 1989, The coin is gold in
color, weighs 7.0 grams, and is
Slightly larger than a quarter.
The aureate coating consists of

According to “Credit Union |

to keep them for coin collec-.

and not many are being spent at

88 percent copper and 12 percent
tin, and is 8.5 percent of the
total weight of. the coin. The
coating is electroplated onto a
nickel blank.

The reverse side of the coin

depicts. a loon floating in: lake
water, and on the obverse side is

_4 portrait of Queen Elizabeth il.

The new coin will be advan-
tagcous because of its long-life
span as compared to that of a
paper bill.-Dollar bills will be
phased out by the end of 1989

and totally replaced by the new

coin. . ,
Many mixed feelings will
result from the dollar coin, and
Brewer suggested some ‘people
think that they make the dollar
look cheaper ‘than: it already is;
others, like ‘the bus ‘services in
Vancouver for ‘instatice, -are
much more.appreciative of the

- change.

According ‘to Brewer the
establishment of the coin will

mean some expense to several

businesses: including the banks.
The cost of shipping for 1,000
dollar bills is approximately 93

ron ma

the cost of refitting his machines, his business will benefit from the introduc-

tion of the new dollar coin.

_ Celebrate our |
{st Anniversary

_ July 27 to August 1.

». Roses

OS | | $950
Reg. 93.50 ea. Ail week long - «4 a

$4 co From every rose sold will be
donated to the Terraceview Lodge.

We now carry a full selection
of Helium Balloons —

3 Featuring _
JUDY CHOCOLATES AND MURCHIE

When Only the Best Will Do

Skeena Mall, Terrace

a ee ce

635-4080

WARE Men ered. cae wane ses ae so ae ine ata geen

S COFFEE

Terrace Review — Wednesday, Suly 29, 1987 7

local banks ~

cents for the Terrace f
while the coins, shipped in boxe.
of the same amount, will rag

about $2.25 for shipping. er : .

Although the idea of the one
dollar coin hasn’t really caught
‘On yet, Brewer feels that it will
be finally accepted within six
months. At the present time the.
coin seems to be looked upon as
a novelty to be collected and not
spent with any great frequency.

Credit Union. tellers haven't
really found any. problems
arising from the use of the coin.
An extra tray in each teller’s
cash drawer is now being used to

hold the new coins,.

“The change will eventually
Save the government. money,"

Brewer explained. “Bills had to . ,

be destroyed quite. .:egularty

because of wear and tear.”
According to Morten Schro-

der, supervisor - of . Terrace's

Hudson’s Bay Vending, the in- v

troduction of the dollar coin js .
good hews for machine vendors...
The use of the coin means less
handling of smaller demonina-

_tions when it comes to higher-

Priced articles like cigarrettes.
Local machines have to be -refit-
ted with advanced coin equip-
ment to handle the. new curren.

The local machines operated
by Hudson’s Bay Vending are
slowly being switched over to the
new equipment. Schroder said
prices shouldn’t- be ‘affected by
the issuing of the coin, but star-
ting up agdin will be costly for
all such businesses, Vendors:
seent to be happy ‘with the new
coin, although it will be costly at
first. The easy handling and the
convenience of the dollar coin
will certainly win people over in
the long run, Schroder com-
mented.

*

“

ar