PAGE 4, THE HERALO, Friday, August 19, 1977 the herald } ‘Nv Published by Sterling Publlahters Ltd. KITIMAT ... postage guaranteed, Publisher. PUSLISHER... W.R, (BILL) LOISELLE MANAGING EDITOR... ALLAN KRASNICK CHRIS HUYGENS CIRCULATION MANAGER... JACK JEANNEAU Published every weekday at 3212 Kalum St. Terrace B.C. A member of Varifled Circulation. Authorized as second class mall. Registration number 1201, Postage pald In cash, return NOTE OF COPYRIGHT The Herald retains full,complete and sole copyright In any advertisement produced andor any editorial or Photographie content published In the Herald. Reproduction Is nat permitted without the written permission of the Terrace - 635-6357 Kitimat - 6326209 Circulation - 635-2877 i / Quebec k - MONTREAL (CP) After the Parti Quebecois election victory last November, many financial analysts warned that Quebec’s investment potential was in jeopardy. ‘oday, with the provincial overnment and Hydro- bec well on the way to realizing thelr current bor- rowing needs, the fears seem to have been groun- dless. Less than five months into its fiscal year, Quebec has already borrowed $339.9 million, or about 44 per cent of the $900 million it established as its borrowing objective when the pro- vincial budget was presented in April. Hydro-Quebec, the provincially run utility, has secured loans amounting to $937 million, or about 85 per cent of the $1.1 billion it] ad planned to borrow in* its current fiscal year ending Dec. 31. Financial analysts now say the bond market, especially in the United States, over-reacted to the PQ victory Nov. 15 on a pro- separatist platform. ‘After the election, the market reacted, as it always does, to uncertainty,” said — Edward Waters of Kidder Peabody, the New York- based firm that underwrites Hydro-Quebec loans in the “Once Wall Street can assess a certain situation, they'll put a price on it,” he said in a recent interview, explaining that the government's performance ae A well looked after home In a | good location close to High ‘schools and Elementary schools. Fonced landscaped yard with storage shed, 3 bedrooms and the whole main | Hoor is carpeted. Fridge and range can be Included. Basemant features a laundry = room, another bedroom and a rumpus room. Phone Fank Skidmore at 635-5691 or see It on Realscope in our office. Spacious 3 bedroom home, plus smaller 2 bedroom rental home on targe 75x200° fof on Clark Road. @ pointment to view, Barb Parfitt 635.4971. phone 5 Bedroom split evel home with basement. Natural gas heating, Wall to wail of course, attractive kitchen, This proparty fs In excellent condition and must be seen to be appreciated. Call Horst Godlinskl, 635-5397. Make an ap-. since the election had calmed fears among US. investors. CONFIDENCE BOOSTED Waters said investor con- fidence was boosted when Quebec’s credit ratings were reaffirmed this spring. He noted that U.S. investors have been particularly impressed with the per- formance of Hydro-Quebec, which traditionally borrows more than the Quebec government. “Based on this year's results, there is no triple-A aa alata el UNITED NATIONS (CP) — Israeli Prime Minister ’ Menahem Begin appears: to be steering his country into a collision course with the United States over the issue of Israeli settlements on Arab lands occupied in the 1967 war. His decision Wednesday to - guthorize three more: set- tlements on the West Bank of the Jordan River, the | homeland of about 900,000 Arabs, is the latest step in: | an evolving, though unan- nounced, policy of rated utility in North America that will perform as well as Hydro,” he said, adding that there are only four triple-A utilities in. North America. Hydro still has only a double-A rank from Moody's and Stdndard and Poor. ft . Waters attributed the ulility’s good performance to its “strong, con- servative” financial policy which Kidder . Peabody outlined in a report it issued in April. , _ | Begin’s mo reasserting Israel's claim to» the occupied territories. The step illustrates the widening ga between the views hel Washington and Tel Aviv on how best to entice Israel's Arab neigh: bors to the conference table to end the war and bring peace to the troubled Middle St. been saying publicly that Israel must be prepared to return the bulk bf the oc- cupied lands to the Arabs and to consider the Business spotlight: eeps its credit rating This policy has allowed the utility to establish itself as a “very viable. utility, which does not rely on the government,” he said. _The policy is based on. Hydro’s ‘insistence on in- terest coverage of not lesa than 1.25 times, without. allowance for. interest charged for construction work in progress. Claude Blanchard of Greenshields Inc., a Mon- treal investment house, noted that Quebec granted Hydro a 20-per-cent in- European police crack _ bootleg jeans racket BASEL, Switzerland AP'- Police said Thursday they have cracked an_ in- ternational ring importing phoney Levi: blue jearis from the Far East to sell in- Europe. - ‘Swiss and Dutch police said they seized 52,000 pairs of jeans, all bearing forged labels of the Levi Strauss Co., the world’s best-known manufacturer. They estimated the shipment’s value at $800,000, or about $15 a pair. The seizure was the most damaging strike yet against the huge European trade in denims sold under the counterfeited tradenames of top U.S. brands, police said. They said four foreigners were arrested here and charged with attempted fraud in a plan to ship 30,000 pairs connection wi of jeans from Basel to West Germany. The Suspects, a West German, a Dutchman, an Italian and a Briton, have been freed on $4,000 bail each. Their names were not released. MEMBER BROKER REAL K AVENUE, TERRACE, B.C. V8G 1V5 House with a view. Com- fortable family hame features 2 fireplaces, large lot, fruit frees and view of town. For appointment to view cail B. Parfitt. 635-4971. Recreational property at Lakelse. Two acres on west Seanm Station Rd. Has four room furnished cabin and floating dock, Eight years left on lease. Asking $10,509. Spend the summer at the fake. Bull your own cabin on this lot with 146° water frontage and road access. Asking only $7,500, Call H. Godilnski 425- 1a; Sust listed. Three bedrooms on Park Ave. with extra finished room and ind bathroom tn basement. Reduced to $45,000. Phone Frank Skidmore and arrange viewing. Europe. A Basel police official, said the seized . jeans were manufactured in Taiwan and carried forged Levi labels. Police said interrogation of the Dutch suspect led to the seizure of 22,000 ad- ditional fake Levi’s in an Amsterdam warehouse. Dutch police said those jeans’ | appeared to have South Korea and were bound for Eastern een manufactured in Lasagne said the investigation, which was chief target. In Moscow, rompted filed by Levi Strauss Co., was still under way. - : . Both Levi Strauss and Blue Bell, Inc., maker of Wrangler-label denims, have sent investigators to Euro distribution routes of the imitations, which are marketed at cut-rate: prices. West Germany, whose $800 million denim market is the by a criminal complaint to trace supply and iggest in Europe, was a U.S. jeans ean bring up to $66 on the black market. . ths Quiet hospital area is where you will find this warm and cozy home on a fully fand- scaped yard. 960 sq. ft, 3 bedrooms and fully developed basement, well worth the asking price of $40,000. MLS. To view call Horst Godlinski, Itself. Spacious spit level home with 3 bedrooms, fireplace, 2 bathrooms, double erage and many other fine features for only $44,500. Preferred neighbourhood. Check with me now, Kelly Squires 635-7616, or see It on “Realscope" in our office. this three bedroom home on Westview Drive Include a fireplace, aUana, two baths and much much more. Call in te Park Avanve and check it ovf on *“Realscope” or phone Kelly Squires 635-7416 for all the detalis. Asking $58,000. ‘OVER 400 OFFICES AND GROWING FAST evince i Sate ce Looking for a home with a difference? Here's 1500 square feet of family home, fwe fireplaces, three | hedrooms, carpeting Ina developed subdivision. Located close fo schools, on a paved street, with un- derground services. Cail us today or come In and cheek: tutour “Realscope’ display, Kelly Squires 635-7été. Small hobby farm with okfer 3 & bedroom house. § acres. al clasred and fenced with bar and chicken house. Pho Barb Parfitt 635-6768 for appointment to view. | Acreage In town. We have a 4.6 acre buliding tot an the bench ready for you fo bulld your dream home. Priced at only $16,000. Call H. Godlinski at 635.5397, Overlooking highway 25. Country residence on half acre fot. Has three bedrooms, fireplace, alrconditioning, carport, partially finished # basement. Call F. Skidmore tor viewing. é o establishment of a homeland -. for - the Palestinians, made home- less when the state of Israel was, created 90 years age. Begin has hedged on the question of territorial concession, promising on the one hand to be “‘open”’ in . ; “ peace: negotiations but U.S, President Carter was. saying on the other that the West Bank constitutes part - ’ of the ancient biblican lands of Judea and Samaria to which the Israelis have an “historic right.” crease this.year, compared with average increases of 10 per cent for the last three years. Yet Quebecers still pay less for electricity than Ontario Hydro customers, ‘where yearly rate increases have averaged about 17 per cent. ° Both Blanchard and. Waters agreed that Hydro- Quebec's dependence on hydro-generated power rather than more costly nuclear power was another point in the utility’s favor. . Operating uebec’s massive Manic 5 power ; development takes only a staff of about 25, -“including the cleaning lady,” Blan- chard said. Asked if U.S. investors were basing their con- fidence in Quebec simply on the success of Hydro- Quebec, both men were quick to t tl government itself is in good shape. . e PQ's first budget, handed down in April by Finance Minister Jacques Parizeau, impressed in- vestors as being ‘“‘con- servative’ and ‘“down-to- earth,” they said. - fn its annual. report, HydroQuebec announced it . was increasing its capital © expenditures by 70 per cent this year, main celerate its work on the » James Bay power project. ves critici point out that the | to ac: SEEN AS AFFRONT In a diplomatic sense, Begin’s actigns constitute _an affront to Carter, who told a news conference UNEQUAL FISHING _RESULTS “VANCOUVER (CP) — The International Pacific | Salmon Fisheries Com- mission says there will be no extensions of fishing time in convention waters this week because of a substantial imbalance in the catch of ink salmon by Canadian . hermen, sy The Canadian troll fishery off the west coast of Van- couver Island has made unprecedented large cat- ches of pinks this year. The commission says Canadians have caught about 800,000 pinks while the United States: fishermen have caught 130,000. For sockeye, cumulative records show U.S. fisher- men have caught about 1.69 § million fish while Canadians have landed about 1.619 million. For this week, the com- mission made no changes in the scheduled fishing times oy . Interpreting the news”: a zed by US. — following Begin’s visit to Washington three weeks ago that he had asked the Israeli prime minister not to establish new settlements: because they created ob- stacles to peace. “I Jet him know very strongly,” said Carter, ‘that this would be a matter that would cause our own government deep concern. FOR -Ignoring the Carter request, Begin retumed to Israel and promptly :.an- nounced that he was legalizing three Jewish set- flements established earlier Bank. Three move toward Israel acnounc tension of social services to Arab inhabitants of the West Bank. . SALE FOR SALE Valuable commercial property .In Thornhill. Approximately 2,500 sq. ft. of buliding space of which half consists of showroom and office while the balance is workshop. Modern heating systems. Excellent waterwell. ; The bullding Is located on more than half an acre of land with 114 ft. frontage on a paved read. An: _ outstanding value for only $85,000. COZY FAMIL HOME FOR SALE. Large 4. bedroom home on McConnell. Located on a quiet . street, this house features large rooms, a recreation room, workshop in basement. It has: two full bathrooms. Tastefully landscaped. You must see It, If you are looking for a home! Full — price $51,500. WIGHTMAN & SMITH REALTY LTD. | 4611 Lakelse Ave. 635-6361 ' __ «IN PERSON + ON STAGE REVEEN INTERNATIONALLY ACCLAIMED & ND OUTER'REACHES OF OUR'IMAGINATION: WITH ~~ FRIDAY and ~. HIS HYPNOTIC EXTRAVAGANZA! TONIGHT AND TOMORROW .NIGHT SATURDAY 26th R.E.M. LEE THEATRE 8:15 p.m... ADVANCE TICKETS AT SIGHT & SOUND $1.00 * TICKETS AT DOOR 44.50 CAN A message io contractors: . BY THE BOOK. Before any work is carried out near energized power lines, it is up to the contractor —under Accident Prevention Regulation 24.04—to obtain from the power authority written assurance that certain requirements have been:met. To assist contractors, the WCB has developed Form 30M33, which is available at any Board office or from the district manager of the power authority | concerned. It is the responsibility of the contractor. to obtain this form and submit it to the power authority. A minimum of two full working days should be allowed for processing. It is also the contractor's responsibility to comply with the cautionary procedures and instructions outlined on the form by the power authority. Form 30M33 consists of three copies. One is to be retained by the contractor, one by the power authority, and the third is to be mailed immediately to the Inspe Accident Prevention | Department, Workers’ Compensation Board. ' V5Z 3L8 Telephone 266-0211 Telex 04-507765 \ DEADLY. UNLESS YOU GO ction Section, - ORKE! COMPENSATION BOARD ein 5255 Heather Street Vancouver, B.C, G OVERHEAD (——_"=5 LINES Gl + ho, oA Z m4 , . .