7 REDREATIONA . os . . . The Hera Fiay, December meee iit Lumber industry seeing boom year - MOBILE.” HOMES #55. PROPERTY _- FOR SALE. §f PRIME LOT — Thornhill ; ge! etn ia miei MASTS eer et This all new tire balancing * Services toll free, 112-800- tieularly ‘from the United also risen steadily in recent higher than they were in District. Well and septic | MOBILEH Security camper. Six tires, Canada’s lumber deniers cent and profit increases as For example, he said the In Amherst, Rumboldsaid the U.S. market will take system. $10,000. Call Ed OMES 17" wheels, portapower are racking up impressive high as 119 per cent.- price for 2 X 4 hemlock the industry lost money in about 65 per cent of total Carder - 956-4110 or write . (tate-a-volt). Campe: sales this year, anxious to. DeVres suid customers boards increased 12 per cent —19)),1967, 1971, 1974 and 1975, . Canadian production. Box 620, Port McNeill, B.c, |New mobile homes{ equipped with fridge, 4 take advantage of a boon in are paying 40 per cent more from April ta October. April adding thattherateofreturn As well, he said the VON 2R0. (F) from as !ow as $100. burner stove and oven, what they deseribe as an up- for plywood from his firm Was considered a low point. for the Canadian lumber Canadian government has downs OC. |, i le ie RS sa gnd HAE ie i rie Yate tren Hocus useage law etl ge oy . 7 a Pod FULLY serviced lot on throughout, Price $5,000. year but this is a cyclical in- weeks delivery oe, Ltd,, the province's major Canada ships between 65 in value, giving the Canadian paved street in Horseshoe Set up and delivered phone 635-5008 after 8 p.m. dustry,"saidA.G, Rumbold, arden Rytzn, manager of lumber producer, referredto percentand75 per centof ita lumber industry a good year. ares, Phone 695-7367, (cg. [races welcome. or weekends, (p51D) Cree ey Bureau af the Alberta Forest Products the fact that lumber prices production int” the export ma. there = a PERFORMANCE TAKE ‘NOTICE that the owner and general Con- tractor involved in the construction of the building located at 4545 Lazelle Avenue, in the District of Terrace, British Columbia, declares that the con- struction of the said building has been completed ag of 5 November 1978. This Notice din“ putsuance of Section #1 of the Mechailes’ Lien Act. M. DASILVA CATERING , SERVICES LTD. c-o 4509 Lakelse Avenue Terrace, B.C. VaG 1P3 -(a2-1D) TO WHOM ITMAY CONCERN Sunset Take-Out I, KAM-LOI KWOK will not be responsible for any debts or bills incurred by MABEL MORGAN as of this date, November 28, 1978. (c3-4D) TY. INDUSTRIAL EQUIPMENT 1982 Ford 3 Ton with freight box. 8,000 miles on rebuilt 6 cyl, engine. Rebuilt trans and suspension. Phone 638- 1459. (p4-1D) Dail WANTED September 12, 1978] Issues of the Terrace/Kitimat Daily Herald. We will pay $2.00 per copy. Must be complete issues. Bring to the Terrace /Kitimat y Herald Office. States. “But one good year doesn't make up for three or four - bad ones and with the an- a ticipated downturn in the U.S, next year, the situation might well be reversed.” - All dealers interviewed in a Cross-Canada survey agreed prices and profits were high— DeVries said ices were at an alltime igh—but not as high as the figures given by David Orlikow, New Demacratic Party member for Winnipeg North, speaking in the House of Commons earlier this: week, . Orlikow said lumber prices were up 45-to-65 per years at a rate of- about 10 per cent a year. During 1974-75, he said the cost of production was higher than the prices dealers received for their products. Arvid Moen, mill manager at Revelstoke Companies Ltd. in Rocky Mountain House, Alta., estimates that prices have risen about £3 per cent since January, He said wet weather that prevented the movement of lumber from B.C. forests was partly to blame. A spokesman fer Mac- MillanBloedel Ltd... in Vancouver said lumber marketing specialists refyte the figures given by Orlikow. Loophole closed OTTAWA (CP) — Govern- ment officials uncovered “a pretty hideous kind of situ- ation’ in the chartered banks last month alter a two- year investigation of their security holdings. The findings of the inquiry were released Thursday by William Kennett, inspector general of banks, in an ap- pearance before the Com- mons finance committee. Kennett said the investi- gation helped convince Finance Minister Jean Chretien to close a con- troversial tax loophole in his recent federal budget. Chretien provoked widespread criticism in the business community two weeks ago by announcing that two highly-popular financing arrangements be- tween the banks and large _ corporations--income debentures and lerm- preferred shares—will no. & longer be tax deductible. The government decided to halt the financing arrangements because in- - come earned by the banks from them was classed as tax-free dividend rather than taxable interest. Federal and provincial treasuries had lost an estimated $500 million so far and authorities estimated another $150 million would have been lost to the federal government in 1979-860. The government inquiry showed the two vontroversiil financing arrangements uc- counted for 40 per cent of all chartered bank holdings of securities in Canadian corporations by Ovtober 1978. Two years earlier, they accounted for just 29 per cent, INDEPENDENT SERVICE STATION OR GAS-BAR OWNERS SELL UNDER THE MOHAWK SIGN ANO KEEP YOUR INDEPENDENCE. it you are in or thinking of getting Into the gasoline business be one of the growing numbers of successful Mohawk Dealers in Canada. For details write to: Box 1870, Prince George, B.C. or Phone: 962-8414 MOHAWK OFFERS YOU: 1. Independence in your operation 2. Many money saving programs 3. Full tine of related products 4. 100 percent Canadian Owned Company } (ctt-T) In dollar terms, these holdings jumped to $7.2 billion from §765 million two years earlier— glmost ..a tenfold increase. 7: , ,. - Kennett released, these figures at the request of Sinclair Stevens, Cen- servative finance cragi¢. Stevens earlier asked aft nance department officials for at. idea how widespygad the problem had becom@,. Kennett said his sh- vestigation showed that the banks and corporations considered these tax deductible arrangements a lowcost substitute for nor- mal business loans. He said he was pleased and relieved when Chretien decided to change the in- come tax law in his budget to January. Profit this year was up 10-to-15 per cent from 1977. Meanwhile, dealers at- tribute their boon year to the devalued Canadian dollar and a healthy U.S. housing market. MacMillan-Blodel said the discount in the Canadian dollar in teroe of U.S. funds was a big factor in a 92-per- cent increase in their profits for the first nine months of this year. . DeVries said the evert- larger discounts in the dollar compared with the Japanese yen and German mark have made Canadian lumber relatively inexpensive in world markets. “Canada has become the cheapest market in town.” /1) TRY YOUR TRADE IN !! New 14 Ft. Wide Mobile Home Only $16,900 Delivered and set up in B.C. - Lotus. help you to qualify for monthly payments of only $iavl! Purchasers will enjoy expense paid flights & airport pickup. Ninety homes for immediate delivery. Phone Coflec! Bs (112) 437-1184 640) Kingsway Burnaby, 8.C, V5E 1E1 Due to the extreme cold weather, It weald be advisable 7 for residents usually affected with frezen water lines to| run their cold water taps to prevent thelr water lines from freezing. Let the water rum from the tap with a flow about the size of a pencil. Distriot of Térrace CARRIERS for the 2800 Block Hall, Evergreen, Kalum, Keefer & Cramer Also ‘Hemlock and Dogwood close off these — ar- rangements. .. a ‘ a in Thornhill 635-6357 eee se tge vite acta veeeeenner «names pa E La