TERRACE STANDARD | The Terrace Standard, Wednesday, September 11, 1996 - A? ~ Business Review 1 Skeena 2 Terrace Skermote 4 Terr _ Land secured for store [is ? = is fi: Beefs. [oo . School Hockey Society Bureau Poverty Nea Tital __Kinelte Club H ‘ . . . aun Seareh 4 Rescue Hwy 16 West location is expected site of Canadian Tire outlet CANADIAN TIRE has put togethera Neither Young nor Canadian Tire reviewing the proposal to see how it B seni Terrace 10 a 12 13 Vt deal to build a department store and officials were willing to comment last would fit with access to the highway. de, See. Minor Kermode Terrace ene Slee nee! Terrate You's _ auto service centre on Hwy 16 west of week, But they're not expecting anything School Baseball Friendship givetac i Tettac tiga vital ——Suneet_ McEwan GM. The city is sending the subdivision approaching the problems that Swciely _ Anat Councit eo _ ‘The corporation has. been trying to . application to local utilities for com- - delayed Westfair Properties’ proposed a buy ‘three properties on the north side ment before it comes back for ap- Real Canadian Warehouse Club 15 16 17 18 1, ace Ringella . 21 Colas of _ of Hwy 16° West for © number of proval. proposal, Caledonia fenave Kermode | shine cub |__**2!0" | paapne issue | — Cat Faas months. a ae The land is zoned heavy industrial — Highways planner David Fisher said Sr. Sec. Hockey Friendship #18 - Tertece Nisqa'a Tital ee A subdivision application was final- and is designated for light industry the proposed site doesn't bave the | School Sociely Terrace/Kilimal] Anti-Poverty | Council-Terrace sey _ dy filed at city ball last week to amal- under. the city’s Official Community heavy Terrace-Thomhill traffic that gamate the three parcels just.east of Plan, congesis the Keith Ave. section of 22 23 24 25 2¢ n \2o Brooks St, intoa 10-acre property. -. That means a rezoning would be re- Rwy 16, Lions Club of Terrace Katmode Gymnasts Cub enameni Parag Asoe —Tetaee Curing Chub The application — filed by Calgary- quired. If the proponent opts for com- And he noted the highway is only Terrace Mira | Frieistip. | joemswamaer | —_s00et |__| _Siseer cl _ based architect Robert Young — mercial zoning, a public bearing developed on one side of the road Downtown Hociy Sociely vetoed Terrace Misga'a ial rence ating Cad doesn’t name ‘the company, but indi- would be required. A hearing there, so the number of accesses is Aol Povery ai cates the commercial development wouldn't be needed if a rezoning to less of an issue, 29 30 would include a “retail store and ser- light industrial — consistent with the Fisher did say there’s some talk of Skeena Tarrace vice centre’, ; : -+ OCP — is requested. widening the highway to four lanes in Jt. See, Minar It indicates Young will act as agent In either case, both the rezoning and that section from Kenney St to Kalum Sehool Baseball for the property owners — Cedar eventual develapment permit must be Lake Dr. River Timber and Plan-A Holdings Sat. Afternoon Games D 11:30 a.m. : Ltd. oo. store development could go ahcad, a left-turn lane for east-bound traffic Evening Games Doors han, on eames iain The properties in question are The subdivision request doesn’t re- trying to get to the new store. Th . i. Sat. Late Nighi G : p.m. G n. presently home to the Peterbilt and quire council approval, and wilt be Canadian Tire officials have looked UFS., Fel, oat eng ames Doors 9:30 p.m. ames 10:00 p.m. Excel truck ‘shops, and an adjacent house. be approved by city council before the handled internally. Highways ministry officials are also He said another possibility is adding closely at adding a store in Terrace for a number of years. pak, it eer H Millwrights apprenticed LUCKY DOLLAR BINGO. PALACE SEPTEMBER 1996 MONDAY’ TUESDAY SUNDAY - WEDNESDAY THURSDAY SEPTEMBER 1896 FRIDAY. SATURDAY’ Family Bingo Every Saturday Afternoon TV. MONITORS 4410 Legion, Terrace SMOKE Last Wednesd REMOVAL ay of the month is DOUBLE BINGO AISLE CONCESSION 635-2411 When we open the business pages in these strange economic times, aur eyes are assailed by such stories as the collapse of Olympia & York, or the European currency crisis. The tendency is to wonder at the magnitude of their downfall, How could these experts in their fields, known for and wide os the very best, fall prey to the markets, And if they can fall, welt, why can't I? For the average investor, wory of treading where giants con stumble, the stock market can be intimidating. For these individuals, the answer to their needs could well be mutual funds, o professionally managed and diver- sified investment. business as usual. Mutual funds provide a safer, mare conservative entry into the stock market, Consider the following story: In the summer of 1987, the Edmontan-based financiol empire The Principal Group folded, Many investment, such as deposits, had not been covered by the Canadian Deposit Insurance Company (COIC), which con insure up toc maximum of $60,000 per person per institution, However, the mutual funds monaged by The Principat Group were intac, even though mutual Funds, like stock and bonds, ore not eligible for CDIC protection. The rea- son why they were so fortunole is thal the investors directly owned the fund's investment portfolio and not the fund's manager. So when Principal collapsed, Metropolitan Life took over management of the fund and it wos This is one af the great strengths of mutual funds. IF the manager of mutual fund ever gets into hot financial woler or even goes bankrupt, the investor's money is still protected. With mutual funds, managers don’t own the mutual fund's units - the investors do. That is the heart of the mutual fund's security. All ossels and securities, such os stacks, bonds ond cash, are held by custodian institution, usually a hank or trust company. Managers buy ond sell securities, but these assets are not acquired for themselves, And since the fund’s pert- folio belongs to the investors, the fund's managers cun’t claim the portfolio’s assets us part of their company. This arms’-length relationship between managers and their mutual funds is a noteworthy strength. No one dollar of investors’ money hos been lost becouse of management bankruptcy, another renson why millions of investors choose mutual funds over other investments. Accountability is another attractive feature of mutual funds. Mutual fund corporations must hold annwal mieet- ne TRAINED MILLWAIGHTS are in demand in Ter- Nineteen students were indentured on the first day ings to ke investors apprised of the fund's performance, Although mutual funds trusts are not required to race, so Northwest Community College responded of classes last week, With them are Malcolm Sraith, meet this obligation, they are bound fo issue detail annual and semi-annual statements, just like corporations by starting a new apprenticeship program for apprenticeship coordinator, Fred Busby, chair of the do steering committee, John Dodd, apprenticeship counselor, Del Torgalson, course instructor and Doug Peterson from industrial relations at Eurocan. millwrights. Students are indentured as they enter the program, and spend the next two years com- pleting three school terms and two paid work terms, i security costing you money? A fotally-insured guaranteed investment cerlificate may earn 5 to 6 percent a year, However, the rate of return on muny mutual funds, offen considerably higher, sometimes reaching as high as 18 percent a year. Out & About Just like L.A. Law? B.C.’S LAWYERS are taking to television in a big way, The annual meeting of the Law Socicty of B.C. on Sept. 27 in Vancouver is being broadcast to nine loca- tions around the province, including Terrace, It's an altempt by the society to make its workings more available to. those who aren’t able to go to Van- couver, This sort of videoconferencing is growing around the province as groups scek to broaden their exposure and to contain costs. Science boosted _THE PROVINCIAL government is handing out big bucks to eligible groups that support scientific aware- ness and education in B.C. - Hi-tech companies, educational institutions and com- munity groups are all eligible for some $350,000 the government has set aside as part of their Partners in Science Awareness program. - The program’s goal is to get interest groups more in- volved in science awareness activities. That, in’ turn, would help increase the public’s understanding of the manufacture MTBE (methyl tertiary butyl ether), and has indicated it will give the Port of Prince Rupert an answer by year's end. ‘But the joss of the two Omaha-based firms to the Bio of Alberta to the province's more favourable taxation climate. Nechako loses a road contract A TERRACE-BASED high- ways maintenance company has one less district’s roads and bridges contract to warry about. Nechako Northcoast Con-. struction is losing the Stewart to Smithers area as of Oct. 3 to Lakes District Maintenance. The new contract is for five years. Nechaka Northcoast does have the Terrace-Kitimat area under a five-year con- tract and the Burns Lake- Houston area, also for five years. The take over in the Stewart to Smithers area by Lakes District Maintenance is the fifth time in the eight ycar history of private high- ways maintenance there’s go on sale B.C. Savings bands are going on sale once again from Sept. 23 to Oct. 4. 800-463-BOND has been set up to answer questlons. Investors might wonder how their Fund is managed. Open-end funds, which allow investors to deposit or with- draw their money al ony lime, ore usually run as corporations, trust or - os in some cases with insurance compa- nies - as variable life polices. For fax purposes, mutual funds trusts pass fo investors all Canadian dividends, interest, capital gains and foreign income less expenses. Similarly, mutual funds corporations also pass on to the investor all dividends ond copital gains, but they ore nol allowed to forward interest and Foreign income since they ore toxable in the hands of the fund, However, mutual {und corporations can cut their liability by charging expenses against interest and foreign income. There may be same risk in mutual fund investment because of market fluctuations. But ask ony former Principal client: In the long run, investing in mutual funds may be safer thon money in the hank. up to bid again. Nechako Northcoast won that round, only to lose it again this time around. Company president John Ryan said the Stewart to Smithers contract area was run by a subsidiary outlet of the parent group. Maintenance workers won't be affected by the switch and as that subsidiary winds down. 5-7800- ma Inve PETE ARCADI _ Branch Manager “Res An independent reprasentative of Primerica Finaricial Services’. ::, oflered through PFSL: Investments Cariada Lid., Mutual Fund Invéstment Da _AMember of Travelers Group stents Can (604) 638- role science and technology plays in B.C.’s economic been a switch there www. kermode.net - : “develop ment. a Nechaka Northcoast won * email internel access : Applications, available through the Ministry of the first contract there in > web pages training : Employment and Investment, will be accepted until 1988, losing it in 1991 to aes E -Detwber 31, Lakes District Maintenance. Terrace’s only locally owned full service Be ; Additive plant doubtful That company had the internet provider. ‘AS : : ; contract yanked from it and . Karren Ferelia (604)692-3166 or é TWO COMPANIES that were to be partners ina $650- | Kamloops-based —_Interior RGS Inter net Serv 1CeS Customer Service 1-888-211-JAVA ie million clean gas additives Plant in Prince Rupert have Roads filled in until it came 4722 Lakelse Ave, FGETS a : Or thd *parines i vullanbased Boo Fuels — con- B Cc bon ds Ph.: 635-9444 il: ISSee Not a, but our Customers A tinues to explore the possibility of a coastal planbt to _" | Fax: 635-9727 email: sales@kermode.net : 3H Desktop Publishing by Lee Burkitt ke sma BUT MIGHTY! Clean project in Alberta — which will create construc: : . Phone 638-0877 BUSINESS BUILDING ADVERTISING ion jobs for 2,000, permananent jobs for 150 and an- Intercst rates will be an “\ '\ dusiness Image Design © Small Volume Publishing tion Jobs for 2,000, pet J b heth nounced Sept. 23 and are set Computer Tutoring Terrace Standard Terrace Standard E nual payroll af 8.2 mllllen — cupola project. emer} semi-annually. / Sano ‘ Weekend Avortiser| | |; uels will go ahead with a co i h be: : Port corporation’ CEO Don Krusel said it’s wares e wide ‘range of op. ra C/ : 30 per week** 40 per week** i questionable whether there’s enough feed stock for twa tions, including both / é tq ft OT, “Based on 2.5 readers per lssve ‘Based on 13 week contract : plants —_ or sine there is enough niarket for more redeemable and non- P , t a — —_ 1 ihiita_——— 3210 Clinton St an one cxira pian ble bonds. i .) errace, 638-7283 : Premier Ralph Klein attributed the companies’ choice redecmabeb “tolling — Tha EstqGhn STAN D ARD Feix) 698-8432 |