_ Royal. York, Hotel in Toténta. | . ave i ort All "eran alia up i ~ VANCOUVER cp) bate Pi flee al at the t ”., Soaat, of Vanepuver Island. N. coy ck better iimea, it often b noite boom and the good life,’ ‘This has local reaidents annoyed, ‘pecavive: Port ae anne . very touch alive, and will ride out thé hard-times. “Three out-of five ‘MacMilan Blogdel, Led Iorest Parliament approves $7 billion borrowing bill OTTAWA (CP) — . The Commons ended four days of. heated debate Thursday by ‘ramming through in-1§ minutes _ Second réading, committee atudy and final approval of a bill ‘to allow the Government to borrow an additional " _ billlon this year; 7 The bill, which must be approved by Senate and. given * royal assent, gives authority to borrow $4 billion less than . thé government originally requested to help meet ‘the he. 6- * bition Meficit for 1962-83. ./But-the Liberals can get the additional funds with only three days of debate if they need it before the end of this fiscal year, March 31. ° That agreement wad received from: the opposition ny . - exchange for the reduced borrowing plans. °° We won, it's. that simple," said . E - Progressive Conservative House leader, after, _ outvoted the opposition 131 to 96 for epproval in principle jand-431 to 94 for final approval. ; “We managed to beat them down to " biter, Nielson ‘ Nielsen, erni falls from . rte ih the area are closed, reauiting in layotte ae pum hs ayumi. of : » population of Port Alberad |. oe, : a | ‘told him that, aa of 1979, the most recent yéar [or which ee ‘isn't exactly a booming metropolis, “they foal dt doen t.. “figures were ayallable, there were 19,000 : Sere to Do-pertaed be Bet to Jephone interviews with residents at varying levels of | e8s community, dhe message is that Port Albernt is e Liberals fi 1,§50 of about 3,200 employees, but business people say 3 ' ‘Clty ie still showing signs of econom! life. ans Vo. ‘M : Le don't: kigw where people get the} idea. there’ 5 ‘some . w. greatexodus go! rs ~ ‘Now that its malnstay: forest industry has’ sina sour, ite *. «. dg equally likely to be painted ar a typleal, vietint ‘of British. i ' Columbia's economic slump. ees omhere,” caid Dale Ballard, manager of the: Port Alharni Cliamber.of Commerce. - Ballard ‘recalled one. man calling, her people: | inthe city "and 3,000 in the (Alberni) Valley: He sald, ‘Oh, that'd out of ” date. “Everybody iknowa there are four or five thousand people: leaving every week!’ ‘Much -local discontent ‘has been: generated ty recesit” ‘ television coverage showing ‘pieturea of shut-down forestry ae plants, -- . gaid. “Atleast now they m1 have to come before Parliament for more mioney and that's the way It-should be.””. ~ Bul Finance Minister Allan MacKachen said “it’s a terrific’ deal"' for the government because it can get the ° “additional authority if it needa it. Macthachen also siid he won't know until the fall whether the Liberals will need the $4 billion. “The economy could _ change a Jot by then.” moe Acthig NDP House Leader Ian Deans sald he-is disgusted with; the revised ‘borrowing request. ‘‘The- government doesn’t need the money.” Earller this week, the’ Conservatives proposed slashing the borrowing authority to $5 billion until the government learns to better manage its money. . When Pierre Bussieres, minlater of atate tot finance, said . #4 billion of the $1) billion is needed for “manoeuvring room," the opposition attacked the government for asking- for more than it needs,: i o .. “The medla havechd status. of, the son Bari Abra asa monitor for the i, othier. places: on. n Vaiioouver Moyer: “Paul pattie ‘singling out. boarded-yp houses and closed atores: simply . ~ “sears off. potential invest rs ‘and. turns away tourisjs,-. "Sure, we! re golng throuigh a. tough time, but everybdy else is too. ‘ Conservative MP Jake Epp referred repeatedly to the al . billion as a “slush fund." Opposition Leader Joe Clark said the government “will have to give us good reasons as to why that money. Is necessary” if it comes before the House with the request. | The government received authority to borrow $6.8 billion in June and has more than $3 billion iy authority left over © » from the 1991-82 fiscal year. It Has borrowed $4.6 billion this year, The total national debt was about $130 billion at’ the end of . “the last fiscal year “and is expected to be abut $150 bition _ next March'31,~ - Meanwhije, the Commons’ jactlon will likely further ¢ ease pressure on high interest rates crippling the economy. Earlier Thursday, the trend-setting bank rate fell sharply for the second consecutive week, to 15.6 from 16.17 per cent. Several ¢ see -banks, immediately dropped . thelr -prime rates charged best corporate customers — to W725 ‘ per cent from 17.75. a “Companies need profits to survive recession “TORONTO (CP).— foreigners to invest in ‘eliminated for nw en. The objective should. be to capital was becoming ‘This will have to wait until p a nl point; that’s: one. : owe "Ballard. sald. “Once its ote splat that ‘oy omnes 7 “To an outsider it looks bad, But actually Nanaimo (on . 7 Vancouver Island) and Kitimat -(on the mainland north - economy would tinpeate ” ~Canadian companies —. eurrently hampered from investing by bank debis — started making a profit on. their - Capital, says the chairman _ and ~~ chief executive officer of ‘Toronto- based Noranda Mines.Ltd. - “Corporations are going to take every. cent they can get their hands on to pay off -~ _ their bank debts, instead of investing in new plant and €quipment,’” said Alfred Powis in an interview. .He said the most serious ; ‘policy | enccaet ae i. accomplish t this, govern: ment policy should en- courage Canadians and. ch a lee RS tall iy patil coe ihe... erm. deposits., ¢ dg a Canadian industry, and. make ‘it easier for com- panies to make a profit, he said. “Powls said an important first step would be the revision or elimination of capital. gains -tax. He charged that in a period of high inflation such a non- indexed tax on the value of assets. amounted to “a confiscation of capital.” He also urged more generous tax treatment for dividends. . This. would encourage individuals to invest money rap eps fei sa anks.turn around and lend to us,” Powis said. He alsa wants to.. see foreign ‘investment review all _ About PEOPLE . It was easy to'pick out the heir to the British throne ata rock concert e-new wave band Madness — he was the -one.in the grey: business suit. Wednesday's concert at London's Dominion Theater was staged to raise money for charities patronized by Prince Charles, 33 The prince was not accompanied by his wife, Diane, who recently gave birth to the couple’s first child, Prince William of Weles’ Charles met the seven members of Madness before the concert and heard them open with a reggae version of God Save The Queen on kazoos. The concert also featured Peter Townsend of The Who, Phil Collins, formerly with Genesis, lan Anderson of Jethro . Tull and former Led Zeppelin ainger Robert Plant.. At another recent rock concert by the ‘group Status Quo, Charles wore Jeans, Singer Kenny Rogers has signed a worldwide recording « contract with RCA Records, the ‘company announced in ' New York, although it refused to disclose the terma.. _ Industry sources_speculated Rogers. is receiving more. _ money than three others —‘ Diana Foss, Paul McCartney ‘and Stevle Wonder — who signed contracts with other _. eoipsities within the last, year. ‘Last August, Ross was sald to have turned down an offer of $18:5 million to algn with RCA Records. Later, McCart- ._ ney's ‘signing deal with Columbia and Wonder's with --by the organizers of. this year's pageant, to _ Monday.’ “ ‘Motown both were sald, to be bigger.. ~ Mlusionist Marshall Magoon went into the ‘Hamilton Spectator newsroom on July 13 and handed over a sealed box ‘which he said contained the newspaper's headline for : July 20. ° He said he'd return on the 20th and’ open the box and read -.”_, the“headline the editors had-picked.: He wasn't dead‘on but’ close enough; his prediction Was “Bureacrats get break." The’ newapaper had chosen~ “Bureaucrats will get break’’’ ‘just four hours before. . ; Magoon is partof a Las ae Tlustons “Pere playing at at’ the ne dg? Henry: Fonds went home Thursday after. a. ‘twee week’. 7 hospital. stay for. treatment af minor: infections, anid ‘his publicist’ daid’ the 77-year-old ‘actor is. already. reading. scripts. and. eager: get: back to-work.. "-" ‘The Oscar-winning star of On Golden Pond: was , treated for @ urliiary infection’ and. adjustment of his heart — : medication. Miss: Universe contestants voted heavily Thursday in. : favor’ of Pope John: ‘Paul u when asked who tiey thought' was “the greatest person in the world today." ‘Survey results from the 77 contenders were made public. . to be broadcast The ‘Pope got 22 votes, followed by. eight. jor. Mather ; Teresa and lx for Rosald Resgan. . : financial hence much too: ‘high -in- wide .- af high interest rates at its terprises. ' “If someone comes in ‘with new capital I don’t-see why it should be screen Powis said the Foreign Investment Review Agency and . the [national energy plan are examples. of trying to de things the wrong may. encourage Investment from Canadians, not discourage investment from foreigners, he said. » Canada Mshot itself in the foot" with the introduction of the energy plan and FIRA. . at precisely the time equity harder to attract. However, . encouraging Canadians to invest in In- _ dustry is- only half of the solution, Powis said; The other half lies in en- couraging corporations. to make effective use of vy ; ‘ . - Schmidt offers advise © SAN FRANCISCO (AP) — West German Chancellor’ Helmut: Schmidt says the . Mack its Hiticit rates sae the forld’s economy from slumping dnto a depression. “rf ‘high’ budgetary deficits, the overstraining of markets and. terest rates in the U.S.A, continue, a second world-. depression — will become probable,” Schmidt told an audience of business _ leaders Thursday. - “We therefore have a States tackling the problem roots -; that is, the budgetary deficit.” The West German leader said western’ allies must work co-operatively, adding | heaviest - fighting In more ‘than a month, PLO spokesman Mah- moud Labadi told: AP~ correspondent Anderson - that the Israelis. “are trying . ’ to sabotage every peaceful. effort in the Middle East.” . ““They want to- destroy every peaceful effort which . will lend to the recognition of the self-determination right of the Palestinian people.” Meanwhile, U.S. Presidential envoy Philip Habib met with Syrian . Foreign Minister. Abdul - he ‘ls opposed to” protec. | tlonism, trade wars or other “egotistical national ten- BMfenelbi”. eres pe _ high tnterest” “Schmidt ' ‘also defended’. "France! 3 decision Thursday to use US, -backed technology. to help build a -§,800-kilometre natural gas _pipeline from’ the Soviet _Union to Europe. . The | Reagan ministration last month expanded sanctions on. exporis of. oil. and gas. equipment to the Soviet _ Union under U.S. licences, | ‘ aimed: at penalizing the~ Soviets for Poland’s im- ’ great lriterest in the United—; position of. martial law in December. “The gas imports will diversify” our vulnerability by reducing our dependence on imported ail,” Schmidt said.. diversify our energy im- 7 ws from page 1 Delays frustrate “other .means at ‘our disposal io get the PLO terrorists out of Beirut;” An Israeli communique held Syria _Tesponsible for the killing of five Israeli soldiers Wed- Nesday by guerrillas froin the Syrian-controlled Bekaa “Valley and said: “If the Syrians continue with this © conduct, the Israel Defence Force will act in the’ place, at the time and with the ‘might which it chooses. ” Waves of Israeli jets dive-. “bombed - Arafat's PLO ‘headquarters | ': the ad- “Ht will -help . to; mhilitary ports, a goal agreed on a by all western ‘indastrial a” atte At te a news: conference, down the. disagreement between the, U.S. and Western Europe over the ’ pipeline, calling ita “family J squabble,’’ But he said the. U.S. was wrong to press ahead with the embargo. . “By claiming the right to extend American law to other. territories, it is af- scrwiae sought to play "be economic conditions im- ‘prove internationally, and Powis agrees the govern-. ‘Ment .is. right in rejecting . action to unilaterally reduce interest rates or boost | demand. But. he strongly opposes { wage and price controls to_ tackle inflation, saying they .. build a bureaueratic rigidity aver the economy that is stifling and _ Coun: . _terproductive, “Inflation will decline, he said, when corporations _ depth of the cris hits home with workers, ° 2, PAO "Attend the Church oe Lo m Herat Fray July 23, 1982, me oom to pooriomic slump “coast bce worae (tf he sald. a — 3 Rab Duncan, president of. the. chamber of cammaisee. of living to. ‘begin. with... , ; sWervoborn ic ake top four citles in ‘Canada as far as per- ar capita income goes for so tong sow that no ane ey Micipiated so all this | would happen.’ ” rs thirts of the city, and the resijlting empty downtown | > Can Create the impression that trade is dying out, but there ae ‘have been only three bankruptcies in Port Alberni in revent “months “Obie. Gaudet, who ‘opened a delicatessen ‘in the Alberni _ Mall nearly a month ago, said sales have been about 20 per ___cent higher than he expected. . “People aren't going on holidays since the mill shut- ". downs;.theyte trying to adjust,” he said. ‘So now we're . ‘keeping shoppers and their money heré — they're not going to Nanaimo or Vancouver to shop. ca things aren’t even a quarter - as bad as they soun oF 7 i “NOTICE. ' The Credit ‘Bureau of Kitimat-Terrace has had a fire and will be reopening in © ; New premises as soon as possible. Fites ” destroyed by the fire will be recon. structed from our computer centre im- - mediately. Please bear with us through _ this short period of inconvenience. : NOW RENTING! SUMMIT APARTMENTS - TERRACE “One & Two bedrooms fenturing, . aF ridge, stove & drapes eWall 10 wall carpeting eRAQUETBALL COURTS ~“—eGymnasium facilities. * eOn-site management 7 For your + personal viewing visit ‘ our apartments daily at: 2607 PEAR st. 635-5968 es ds MAMESTIC MANAGEMENT Lr,” bow STRAT HLS nN AO AP ALI NAP RP AL PPT Ra NA RL of Your Choice _{ Halim Khaddam - and _ besieged Moslem reclar of _ President. Hafez Assad In ‘ the Lebanese tapital for an - Damascus. Soiirces close to. ‘hour Thursday while Israeli | the negotiations said Hablb . is proposing that Syrian: ‘troops. stationed in Lebanon “exercise. stricter control over Palestinian guerrillas. . there . to prevent new clashes’ with Israeli troaps: . “Habib. has . been” ~ fegotiating to,.get. the - ‘ estimated 6,000 to. 9,000 : trapped - guerrillas and: _ abqut.500,000 civilians out of | _ West “Belrut-, and. find. tanks and artillery gunners ‘blasted Palestinian and_ Syrian- positions: for.. two” hours along a 40-kilometre _ Stretch of the Bekaa Valley, cin ‘eastern Lebanon. The Israeli command said " the attack was in retaliation _ for . 75.. Arab: ceasefire ~ -yiolationis in the (wo-weeks © -sinee the July 11 ceasefire. _. Lebanese police said eight . people were killed and 24 > another “country to, take wounded in West Beirut by “them, But Israeli Deputy © three air raids within one: Foreign ‘Minister Yehuda hour ‘Thursday. . The _.Ben-Melr said that the PLO Palestinian news. agency “ig just playing.for time, is -WAFA-sald mora than 62 ‘dealing in deceit and has no «people were killed or _ Intention of. leaving:". He. wounded in Israel’s. attack. warned thet Israel has Thureday.on’ West Belrut, Ne . fectirig not only the interests . of the European trading. - ; ; AY. : TERRACE THE 1th DAY- . nations but also their - PENTECOSTAL SALVATION ADVENTIST sovereignty, Schmidt gaid. “ASSEMBLY ‘ARMY 3306 Griffiths 5. On NBC's Today: show, Pastor John Caplin 7 Walsh Ave. Pastor Henry Bartsch Schmidt predicted that 9511 Eby St. - . 635:262600r | 435-3232 * 935-7642 eventually the pipeline will Terrace, B.C.” 635-5445 | Services — Sat. 9:20 § be built and- “all the "695-2434 ; “SUNDAY SERVICES _&m. — Sabbath Schoo! European governments ... SUNDAY SERVICES, | 9:3 am, — Sunday ' (Sunday School). will honor the agreements & 9:45Sunday School School for all ages ‘00 am, — Worship. ” which our firms’? have & 11:00 Morning Worship -11:00 a.m, — Family . made with the Soviets. - 7:00 Evening Service Worship TERRACE ». : 730 ‘pm. “CHRISTIAN % N HOUSE . Evangelistic Salvation - REFORMED : A OF Meeting cHuRCH Qe g- PRAISE. sO WEDNESDAY - ReverendS. VanDaalen ; Pastor Arnold Peiers ; 7TH pm > — Ladies’ Sparks Street & af le tm : y 3406 Eby St. _ Home.” League -4 Straume Avenue ; Israe esomeasaiy | Fetownp. "| syitty Sow. b Sunday Services am. - ee an 10:30 a.m. ZION a and another 120 civillans | ° 40 BAPTIST _ Worship Services — n €& ‘ i. 7:30p.m. ‘am. and 5 p.m. were killed or wounded jin - CHURCH. : p. i the Bekaa bombardment. . SACRED” -Pastor Paul Mohninger Listen. to the Back to Syria today said two HEART Home 635-5309. God Hour every plied Syrian soldiers were killed PARISH Corner of Sparks & af B30 a.m. on PTE. _and 14 wounded in Israel's § ae syaume- a oe ae TT ~enyace bombardment of the Bekaa J" Terrace. | 945: ani, 8 unday yo "OF Vatley. Israel said Arab fire -Saf, Even, —7:20p.m. “1 School i 60D © killed’ two Israeli soldiers, -)! ‘Sunday Masses © :f. 11:00 a.m. — Morning Reverend R.L. White and wounded two. . B30em. Worship ; . 3341 River Drive ‘A Syrian. army com- 10:00.m — — Terrace, B.C; munique. said 24 Esraeli - i1idem ST. MATTHEW'S 638-1567 tanks and four rocket- _ ANGLICAN 10:00 a.m: launching positions were CHRIST CHURCH . Sunday School Z destroyed by Syrian” LUTHERAN | AT% ory Reverend RL. White J barrages. The communique ‘ CHURCH oa . "11:00-a.m. ; connie 16 Syrian tanks ~. Rev. Herman Hagen gSUNOAY SERVICES | Morning Worship — : . 7:30 p.m. and three vt ba joss Nas auas: © Communion Evering Worthip j “te. destroy y _ - am9SparksSireet | vo:00 am. : Sunday "| Wednesday "7:30 p.m. 2 oo -” {Corner of Sparks School “|” Prayer Service 10 a.m. -- Sunday ” : .& Park) : nen ; ‘ The" “ret Aviv, coriumand nd School a a ‘snid it still considered the § NOYE: Ouring July and.) 41:09 am. — Family “UPLANDS «= -.g- ceasefire in force, Bit the § August. morning Servica — Holy Com- BAPTIST “attack reflected the Israeli worship will begin’ at | munion oxcept third 7 . CHURCH . - 2 10:00. Sunday: cos Pastor Bob Les) k ‘government's ”. growing ; & : ao . . “inforenai ao: ve frustration with the failure £ 9:45 a.m. — Sunday 7:90, Baan [os 685-2807 of Habib and’ the. Reagan ° ‘Church School (Kin- Service. “Cornero Hatjiwell : S dergarten . through ; ‘and, ‘Thomas ° ae administration to'find new hd 9 oad ’ : ~& adult) Sos . / KNOX UNITED 145 am chomes for . the“ PLO” 11:00 a.m. — Regutar.-| WAG) CHURCH.” |: Bible Teaching - Buerrillgs, trapped: in West worship serves, 7:30 y Sunday School - : Beirut. “p.m. evening Worship | 4807: Lazelle Ave. ; H00am.- - In Washington, white § service 3rdSundayeach | 635-6014 Mornlog Worship House spékesman Larry month. _ Rev. David Martyn. Service. - Speakes said Habib would (Holy Communion first | B.A. M:Olv. 7:30 p.m. _ go from Damascus to .§ Sunday, morning each {| Worship— 10am. 7 Israel, Egypt and. Saudi month, and the 3rd : | Singing and Bible Study § Arabia, He said the trip was _ Sunday, evening of each |, Nursery to Grade 6—. | Wednesday 6:00... nq} in response to the Israeli 2 Month.) Home Bible Studies y attack Wednesday but had .} | ‘Confirmation Grede 749 Adulte - 0 You Are Welcome . | been planned before it 9 “Youth & Adult Classes am. _ atUplands” occurred. a ‘Qaenanone - Due oO. (Port’Alberi has suffered less. than nows reports, os Lacate ‘because the city had a higher-than-average mo, Hie aiid ihe commietcial cote ia ahifuing toward the oul ~