i

ciliata

r

Record year of IDB lending -

_ "+ The volume of lending by the
“>? Industrial Developrient Bank to.

-smaller businesses in British

Columbia was at a record high

___ devel: in the bank’s 1974 fiscal,

“.”." year ended September 30th last,

“according to the 1974: annual

-, Teportof the bank issued today.

-During the year, IDB approved

-+ -,159 loans for a total amount of

*$165,713,000, up from 2,635 loans

© for; $124,332,000 in’ 1973... ‘This

“represented dn increase.of 11

‘percent. in number dnd 33

7. percent: in amount of loans to

businesses. in the province in

. $1974: over 1979, the previous
“epecord years: 66 -

“In: ils. 1974 fiseal year, IDB

~ > authorized 9,712 loans for a total
“2 amount = of - 8470 million ta-
~~ businesses; across Canada, At -

_ the elose of:the fiscal year, the

~ bank: had, $1,132: million. .out-

~. ,., Standingon committed in loans

“5 to 23,880 Canadian enterprises.
*" During-its 30-year history IDB
has authorized over 55,000 loans

*

oro") have; recently received a
.. number af letters from people in
j=7-the- constituency’ asking about’.
. federal-assistance. to. persons
: buying “homes, ..ar about our.
“oc housing ‘policies ‘in general.
oo Housing is a matter of concern
coo Stor all -Canadians,.and the
‘provision of sufficient housing
‘to, meet the: current. un-
> precenentéd demand is a top
: priorlty-: of © your . federal
o> governments e027 :
Se "In “addition to large scale!
“government actions to” en-
oo. ‘eoirage- construction . and
' educe housing costs - such as
the ‘lowering. of the sales tax
‘+ from percent to § percent on
~ seven billion’ dollars of building
“and .construclion materials +
“annually” - there are several
..- Specific programs designed to
Tanke it easier for individual
+ speopte to buy houses,

FIRST TIME HOMEOWNERS
-c°) Beeause the current housing

“crisis”? is largely due lo the
», massive: number ‘of. young
_ peaple coming into the housing:

: vos _ market. (the post war baby .

“Ch retien-

ducks

Ina continuing dispute over a
- federal government decision .lo
- phase-out a special cost ef living
allowance currently: paid it's
-* employees, the Public Service
* Alanee of Canada is bringlng
Bressure to..bare an thé
President. of the . Treasury
Board, Mr. J, Chretien. vs
The P'S.A.C, learned that Mr. *
"~~ Chrelien was willing.to re-open
-.? diseussian an the issue if the
“ Alllance requested it. With the
- .help.of some MP's, such a
~ request was made. Un-
fortunately however, Mr.
Chretien ducked the issue and
offered . inglead to discuss
~ > regional rales, .
*: Claude. Edwards, Chairman
of ithe, Public Service Alliance
““replied,.:‘In- the strongest -
-! possible-lerms’ that regional
>*"pales,.“Had nothing whatsoever
to. do’ with the special
llowances.""
‘Earlier in the month, federal
employees from the North

“alfecled by the phase-oul, failed
“to report for work by booking-
~ off sick in a, one day protest.

“Employees in the Terrace-
Kitimat. area have thus far .
condemned such militancy .
--ptaling service to the public Is
o.Mtheir, first. prierity. Prince

“Rupert employees, although -
“glightly .more militant in
“thought, haye also refrained
from: militancy in thelr cam-—
~ paign, ¢ ’ —
“Employees in this area
_yyecently. submitted a brief to
back-up their bellefs and have
now stated they are going lo
““Wwalt-and-see” what the
Treasury Board plans to do with ,
“dt A. Joint meeting betweeh-
representalives © of’ Prince
- Rupert employees and Terrace
== Kilimat employees was -held
“.|ast Sunday to formulate plans
* for further action as momentum
mounts ia their drive lo retain
* the special allowance,

4 -TV Ban |
The Television Board of the

“pastera has protlbited the adver-
‘tiging -of non-prescription meédl--
‘calions and supplemental vito
products, regardless of how taken
'~" pe administered —- in or’ adja-
tent to programs for children
. “Under twalve, years of age.

| federal i
|. employeel
|. requests

hore of Quebec, who are also |

for a total amount of $2,600

“millon to” assist’ more ~ than.

40,000 businesses,

in ils 1974 fiscal year, IDB
recelved in excess of 30,000
enquiries from businessmen
across the country.. Over one-
third of them resulted In ap-

- plications for loans and about 82

percent of the applications
tesulled in authorized loans,
Over 45 percent of the loans
made by the bank in fiscal 1974
were for amounts of $25,000 or
less and over three quarters of
them were for $50,000 or less.

-The average size of loan was

$43,000. . \ .

IDB operations are markedly
decentralized, and $7 percent of
its loans. are approved at its
regional and branch offices
located across the country. The
bank has 70 offices to serve the
public and :they are situated in
every province and the two
territories.

Representatives from IDB

...from

boom 20- years laler), these

government programs are
primarily aimed at assisting
“first time” homeowners.

| The first program is-the $500
tax free,cash grant lo first lime
owners of new, moderately
‘priced homes, This ,prant is

. available for homes purchased

on or afler November 1, will last
for one year, ‘and in cur con-
stiluency is applicable to all
new houses priced at $34,914 or
‘lower. , oo sa

The, second new housing
program is the Registered
Home Ownership Savings Plan

‘andis designed to help people to

accumulate enough morey for a
down payment on a first home
of their own. Under’ this
program a tolal of $1,000 may be
deducted from each: taxable

incume yearly for a eriod of up.

to ten years. Soifa couple both
have Incomes, they’ may save
up to $20,000 (non-laxable) ‘in
ten years which, compounded

“annually atan interest rate of 8

per. cent, would total about
$72,000.

Money drawn-from this plan
is not taxable if it is applied
toward the purchase of a home
and if furnishings such as
essential major appliances and
furniture are purchased.

INCOME ORIENTED
ASSISTANCE: © ot.
‘A third “measure af major

4

Sonny Covin will jump from 3500 ft. with his

will land in a lft. circle. of Moto-Ski snowmobiles

‘on our sales lot at 4912 Highway 16 West

‘National Association of Brond:  # -

635-6555 =

UMP TO

‘offices regularly visit smaller
tommunities. These visits are
advertised in advance and

‘businessmen are invited to
discuss financing proposals
with the IDB officers, During
the 1974 fiscal year, 5,289 such
visits were made lo 601 different
centres. Around 19 percent of
the loans made by the bank
result from its advertised visit
program.

The bank's Advisory Services
deparlment, which helps
promate good management
practices Jn smaller Canadian

_ businesses, .has prepared
twelye pamphlets in a series
aboul business problems, and to
date 600,000 copies have been
distributed,” During the past
year, .. 176 management
seminars of, interest to owners
and managers of smaller
businesses were held In various

communities across Canada, .

and IL is planned to hold 300 of
them in the coming year.

your MP.

Importance is ‘the Assisted .

‘Home Ownership Program
(A.H,0.P.), which is designed
to aid low or moderate income
Canadiaris buy their first homes
priced under §31,000. ‘Under
AH.O.P., which is. only ap-
plicable. ta new ‘houses,
maximum income levels are
around $12,000 plus $300 for each
dependent child for a married
couple, or $13,000 plus $300 for
each dependent child for a
single parent, In other words, a
single parent with lwo depen-
dent children would be eligible
for A.H.G.P., assistance wilhan
Income of up to $13,600,
’ Benefits under A4.H.0.P. are
substantial, The . maximum
available assistance is an ef-
feclive reduction in the C.M.H.-
C. mortgage Interest rate to 8
per cent, plus up lo $600 per
year as a mortgage payment
subsidy. Lo,
. If you are Urying to buy your
first honse, investigate these
‘programs, They are .worth
money, and are meant Lo help
you! For further information,
please wrile either to me, c-0
the House of Commens, Ottawa,
Onlario, or the. regional office,
Central Mortgage and Housing
Corporation, 350 Victoria
Streel, Prince George, B.C.

Yours sincerely,

‘Iona Campagnolo, M.P.

ma gm

E : $

Many local oldtimers will remember
Tom Coiliver (left) who homesteaded
in the Nass Valley and later moved to
the Lakelse Lake area. Tom now

Toronto and

-resides at the George Derby Hospital
in Burnaby and is still active making
mocassins and winning fait. prizes,
Now 85 years of age Mr. Colliver

. recently completed his 1002nd pair of
mocassins and chalked up another win

and received

we

at the Canadian National Exhibition in

at the Pacific National

Exhibition, Vancouver. His mocassins
‘which have been winning prizes for
many years placed third at the C.N.E, |

honourable mention at.

the P.N.E, He makes ‘mocassins for-
. his friends in the north and for sale
through the Red Cross Arts and Crafts
Program at George Derby Hospital,

5 ototiti tose titateta tet

=. ; _
: _ Court
"four, éach paid a three hundred

dollar fine for impaired driving.
Patrick Pitman, thirty-four,

d News.

In. court this week twenty
eight year old Benoit Guay,
charged with impaired driving

with over -.08 blood ‘alcohol. paid a one hundred dollar fine
reading, paid a three hundred for driving while under
dollar fine. suspension, Patrick Scott).

twenty-three, was charged with
consuming alcoho! in a public
place and paid a fifty dollar

Dale Brehaut, lwenly-nine, .
M. Vanherd, forty-four, and
Edward Grubowski, lwently-

eratetattatatet est ntatatstatetatstateatatatatatat

‘fine, Arthur Alexcee, twenty-

we, paid a tolal three hundred
dollar fine on two counts,..One
hundred fifty for impaired

‘driving and the same for
leaving the scene of an ac- -

cident. Ian Trehearne; twenty,

‘paid'a two hundred and fifty

dollar: fine for driving with a
blood alcohol reading of over
OB

THE HERALD, Wednesday, December 11,1974, PAGE AS

Four apprehended
immigrants illegally

in Rupert

Because four Illegal im-
migrants in Prince Rupert have
been brought to the attention of
the Canada Immigration Centre
in the last week, the Centre has
been moved to investigate and
{o repert the persons to the
Director of the Pacific Region.

G. Donaldson, officer in
charge of the centre, said
yesterday anonymous letters
had been received from people
in Prince Rupert suspicious of
their neighbors’ legal status. In
me case there were two com-
plaints on one person, he said.

“This is not a crackdown’ by
us. When .we ‘receive in-
formation about clear cut cases,
we check them out,'’ Donaldson
pointed out. In the past 12

months he has dealt with ap- -

proximately 30 case’ from
Rupert, ‘Kitimat and Terrace,
most of whom simply had not
applied for legal status, he said.
If caught, as’ he -said . the
majority will eventually be, it is
up to the director of the Pacific
Region to deal with them in-
dividuatly.. The 30 cases
represent a slight increase over
ihe last year and-are made up
_Mainly of persons coming into

they must work with. One of
these agencies might become
suspicious and decide to check
on the person's status, he said.
Donaldson feels the estimated
number of egal immigrants in
Canada is “vastly inflated’ and
that while there are persons the
department. is not aware of, it is
not the number generally

publicized.
Another way in which persons
in the country without

citizenship can come to the
attention of the department is
through the courts, Dona)dsen
pointed out. If they afe con-
vieted under the criminal code
they must be reported to the

‘ director who can issue ean order

for’ a special inquiry. While
these persons might nat’
necessarily be termed illegal
immigrants, they must be
reported, ron,
‘Donaldson said Canada’s
ota system — which allows
immigrants into the country on
ithe hasis of qualifications under
@ peint system — regulates the
number, entering by its
vassessment of the Canadian

“demand for the immigrants’

skills. Employment op.

the country to. visit and over-~ portunities are reflected in the

staying their time.
- Others start to work and just

hope they remain undetected, «

Donaldson said. According to
him, legal immigrants will be
caught eventually because: of -
the many ‘government agencies

number of immigrants, he said.

Be Sure
’ Last Christmas we gave our
12 year old a chemistry set. Not |
too long ago he held up a vial
and yelled: “Lay one finger on

me and we'll all go up togethert*' -

NEW CAR ... The British firm of Panther West Winds
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