ee rere are et ete ens EOE TON EE FEE EB ER EEN EE REESE PRO AREP RP DEKE RL ETS ray a , PAGE Az, THE HERALD, Wednesday, December 1, 1974 B.C. Tel applies for increase B.C. Telephone Company said recently it is planning to file an application wit the Canadian Radio- Television and Telecom- munications Commission (CRTC) for a general in- crease in rales. Company President B.A. Beneteau said B.C. Tel expects to file the ap- plication by mid-December with the CRTC, the federal regulatory body which must approve any change in the rates of the telephone company. Terming the request for higher rates ‘the only responsible and sensible option open to the compariy’, Beneteau said details of the rale proposal are in the final steps of completion and the application will request a general increase covering most items. “If our request is granted, it will mean most monthly increases for basic residential telephone ser- vice will range from ap- proximately-45 cents to $1.60 depending on location,” Beneteau said. Citing the need to improve the company's financial performance in order to be able to attract essential additional capital at reasonable cost, Beneteau listed the failure of the economy to recover more rapidly, coupled with very heavy built-in costs of doing business, as the twa prin- cipal causes for the com- pany’s own lagging recovery from its near- disastrous financial position of two years ago. . “We're just inching our way out of a very, very serious situation — one which not only threatened our ability to provide even basic service to our customers, but also threatened the livelihood of hundreds of our em-: ployees,” he said. “No one can afford to slip back to these conditions and we would be irresponsible if we failed to make every effort to’ prevent this.” “In 1976,"" Beneteau said, “we slashed $50 million from an already pared-down construction program and we cut our operating budgets to bare-bones levels with stringent cost controls, But in spite of these efforts on our part and in spite of the measure of ‘catch-up’ rate relief we were granted last year and because of general economic con- ditions, we didn't fit the amount of lon, istance business we needed and we didn’t get the number of new customers we needed to get us back on safe ground.” Beneteau noted that, although the rate of inflation moderated somewhat as the year went on, the compan continued to pay a very hig price for the built-in in- flation of contractual labour costs and interest charges on ils debt, “Taking the two things together — revenues not increasing fast enough and cost increasing too rapidly, we can see another crisis like the one in 1974 coming right at us,’ he said. ‘We have to take the only responsible and sensible option open to us and that is to ask for increased rates to give us increased revenue. If we don't, we slide downhill again and the cost of getting back on level ground will be even higher next time.” B.C. Tel has a vital role to play in the recovery of the province's economy and in its ongoing progress, ac- cording to Beneteau, who emphasized that the provision of good telecommunications, which are essential to the economy, require the in- vyestment of very large amounts of money for the construction, upgrading and maintenance of facilities. “We plow back as much money as possible from our earnings,” he said, “but we can’t hope to raise all the money we require for con- struction programs our- selves, No utility can do it. We have to go to the outside money markets to get the restand lhe only way we can attract that outside capital at reasonable costs is by having a good financial performance.One of the most important measures of financial performance used by the money markets is the rate of return on invested capital.” At the 1975 rate hearing the regulatory body decided that an ‘appropriate range of permissive rate of return on total average capital’ would be between 9.5 per- cent and 10,0 percent for B.C, Tel. Beneteau noted on December 29, 1976. ..4215 Eby Street, -' Contract”. Last call for YELLOW PAGE LISTINGS KITIMAT- TERRACE. AND AREA DIRECTORY -also in much DISTRICT OF TERRACE NOTICE CALL FOR TENDERS “ANIMAL CONTROL” Sealed bids relating to the above contract will be accepted at the Municipal Offices until 4:30 p.m. Interested parties may view the proposed contract at the Municipal Offices — , during regular. business hours. Tenders must be submitted in sealed envelopes addressed to the ’Clerk-Administrator” and plainty marked ‘Tender to Animal Control _ Cleric-Administrator, : that in 1975 the company had a rate of return of 8.6 per- cetit while Canada Savings Bonds offered 9.5 percent. “We don't have our final figures for 1976 but it’s expected to be in the neigh- borhood of 8.9 percent,” he said, ‘a slight improvement over '75 but well below even the lower limit of the range the regulatory body thought . would be appropriate, and well below what would at- tract an investor or reassure a lender”. B.C. Tel will have to depend on outside capital for the financing of a major portion of its 1977 con- struction program of $280 million which Beneteau considers the absolute minimum required if the company is to provide service and meet customer demand. “It's impossible to con- sider each year’s program in isolation,” Beneteau said. “It dovetails into the preceding year’s work and is the basis of the remainder of the company’s long-range program. To interrupt the continuity of the programs or to curtail severely any single program would not only resuit in an immediate deterioration of service but higher even- tual costs because the work will have to be done at some time if the province is to have _ the telecom- munications services it requires. That means taday’s customer, tomorrow’s customer and the general economy of the province would suffer.” B.C. Tel will ask that the public hearing by the CRTC held as soon as possible in the'new year and, because the company’s need is urgent, will also file to have a portion of the increase awarded on an interim basis, Beneteau said. G.W. Buchanan, Y THE YELLOW PAGES SECTION of your new telephone directory is closing NOW! Are your listings O.K? We're sounding the final alarm today. So, please check all of your listings and make sure they're correct. Here are the points to watch for: — Are you listed under all the headings you should be under? Can your customers find you easily?. Are your key employees and their pos Are all the firms you represant listed? . Have you double-checked all names, addresses and numbers? EXTRA YELLOW PAGE LISTINGS COST SO LITTLE -- MEAN SO MUCH. CALL OUR BUSINESS OFFICE ABOUT YOUR EXTRA LISTINGS TODAY! BCTH® itlons in order? ‘ | Final hospital contracts let The final contracts for the -addition to Mitis Memorial Hospital were let last week with two going to Terrace firms. Motz Masonry was awarded the contract for masonry and Glacier Glass the contract for sliding doors, glass and glazing. Other contracls- went to Northern Masonry ~ of Smithers for tile work; L and M of Burnaby for painting and wall coverings; TJ Drywall of Surrey for drywall work; Benton and Overbury of Vancouver for acoustical ceilings; Overload Con- tracting of Coquitlam for insulation and stucco; Calwood Industries of Surrey for millwork and wood doors and Telkwa Roofing of Smithers for roofing. = - Lester G. Taft passed away at Invermere, B.C. on November 25. He is survived by his wife, Grace, son, Arthur Raymond of in- yermere, daughter, Anne Smith “of Vancouver, three brothers and two sisters. Mr. Taft was born in Aiken, Minnesota in 1907. He came to Terrace in 1919 with These contracts will complete the addition to the hospital. Still to come are the contracts for renovations of the existing building. These are ex- to be awarded in “! have made it a rule never ta smoke more than one cigar at a time.” pected ebruary of next year. — his parents. He joined the | Former resident © passes aways ‘B.C. Forest Service in the late thirties, serving as Forest Ranger in Hazelton, Terrace, Prince Rupert and Invermere until retiring in 1972. nee ; He was a member of the Oddfellows and Masons. Funeral services were held on November 27 under the direction of the in- vermere Masonic Ladge, Mark Twain Ni [Ser Oe OR SS = rs nt — Nicatine gets its name tram Jean Nicot, a T6th cantury ambassador who introduced tobacco ta France. We've added to our nam We've added Realty World in front _of our names so we can serve you better with some of the most advanced resources and profes- sional real estate techniques in the A industry today. - Scientifically designed sales aids. Realscope, for example. A photographic tour of your home’s most salable fea- tures that benefits both buyer and seller. For sellers, it offers additional selling power and helps eliminate many un- necessaryand inconvenient trips through your home by unqualified “just lookers:’ For buyers, it allows you to sit in our offices and see more homes in a few minutes than you could probably see driving around all day.” Massive advertising. In newspapers, as well as on radio and/or television, helps Realty World reach most potential buyers and sellers in your area. Qualified, professional sales- people. All RealtyWorld agents are well-educated and knowledgeable pro- fessionals whose expertiseis constantly ~- updated in a continuous training pro- gram that is one of the most progressive and thorough in the history of the industry. Greater exposure. RealtyWorld works closely with every major multiple listing service in this area. Additionally, our own international referral system and Realscope both-help expose your home to more potential buyers. Realt Streamlined living. 3 bedroom home on 2 acres of land witha stream. Quiet location close ta town, Located on Merkley Rd, Asking $47,900. Phone Frank: Skidmore far appointment to wlaw. 635-5691, A quality respect. 2 completely finished floors with fireplaces and carpeting everywhere. 4 bedrooms, sundeck, ‘double carport. Included are ap- pilances and drapes, Asking $65.000, Make an appointment and ask Horst Godlinski about financing, 635-5397. Two-up and room for more In the basement. Good revenue property, or flve in one halt — - Brent atherhalfout. Make a third In the basement. Tremendous possibilities, View it today. Call Kelly Squires, 635-7616. . There Is nathing unusual about ‘the exterior of this time, but once inside you quickly ap- preclate the contemporary floor. plan. Has all the features of homes In the $50 to $40 thousand range. Very elegant and in excellant condition. Asking $49,500. Call Hans Caullen, 635- 3708 for an appointment, or see it displayed on “Realscope” in our office. "1240 sq. ff. of home with a basement revenue suite and a beautiiul yard. Family room, fireplace, carpeting. Yau really must see thig place to ap- preciate It. Price has been reduced fo $34,500. Call Horst “Godlinski and ask him how you can make an offer including the B.C, Gov't. Mortgage. 635-5397 or soe it displayed on “Realscope” in our office. MEMBER BROKER we still give you the same personal serv- ‘pendently owned and managed. This & Park Avenue @ 635-4971 Park Avenue 4 635-4971 | REALTY WORLD. while keeping our So you get personalized service the advantages of and attention. Even though we're part of the Realty World international network of offices. ice and attention you've always valued. That's because each office is still inde- local autonomy allows us to continue serving you as neighbors...and no one knows your neighborhood better than your neighbors. World. The Buye This could be the home for you! Features three bedrooms, kitchen - dining area, targe living room, attached two car garage and slivated on a corner lot an Walker Street. Listed at $37,000. Call today and- let’s faok! Kelly Squires - 635-7616. ll ; A sharp house In a central location for only $53,500. Fully,” finished basamant, 3 bedrooms, 2 fireplaces, sundeck, etc. All landscaped and very attractive. For an -appolntment and financing information, calt Frank Skidmore at 635-5671. ‘Spacious family ‘home with | view, Located on Westview ror alles maape signs te Drive - this hama features 3 Asking only $43,500 for 6 year bedrooms, 2 flreplaces, wall to: wall carpet, workshop, rec. room plus large landscaped lot with frult trees. Make an ap- pointmantto sa0 this view home today. Phone Barb Parfitt, 635- $769. 4615 Park Avenue old 3 bedroom home. Has two bathrooms, wall to wall carpet, targe f d lot, dealing with a big real estate organization | without the disadvantaces. A family home for you. . Ex- cellent tocation, — three bedraams, fireplace, patio and more. Listed at $54,000 and ready for you to move in. Just blocks fram elementary schoal, hature trail andon paved street. Call me today and arrange a canvenient time for you to view this tremendous family: hame. Kelly Squires, 635-7616. Settle in this family home. Exceptionally weil built 1064 sq. ft. 3 bedrooms, fireplace, good location, Self-contained sundeck, sauna bath and carport. Contact Frank Skidmore for viewing or further detalls, 635-5691, 2 PARK AVENUE| REALTY LTD, b it suite with separate entrance. Priced to sell ai $55,000. Cal! Harst Godlinski, i 635-5397 for more particulars and viewing. — ‘