a a a al ale woe re ae tal COKP. 77/78 LEGISLATIVE LIBRARY, PARLIAMENT BUILDINGS, ! jer cent, the ighth increpse average at toda 'B prices, g or $367.44. a year, Some lenders now are pre- That's $46.16 a month or would $2,769.60 more * ¢gage lenders predicted fie inthe One year ago, the interest last year have pushed in- Most mortgages have dicting that the latest bank $553.02 a year more thanthat than ir the money had been - - Monday that rates will go What does it mean to a rate on a National Housing terestratesupandthatsame interest rates fixed for five rate Increase might push . same ge would have borrowed a year.ago, higher ng A decision homebuyer or an cwner who Actinsured mortgage was 10 mortgage today would cost years, During that five-year NHA mortgages tolli-2per cost in the spring and , by the Bank of Canada-to has to refinance a house? per gent. On the $45,000 atleast 11 percent, or $433.14 period, the homeowner cent or higher, summer of 1978. If the rate hits 12 per cent, - ‘increase its trend-setting Take the example of a mort age the payments a month. That means added would pay out an extra Atii 1-2 per cent, monthly Over the five-year term of monthly payments would ~ bank rate to a record 1134 payments of $30.02 a month, $1,837.20. payments would be $448.68. the mortgage, a homeowner riseto $464.36, | { 5555 Taxi | | (I978LTD.) | 24 HOUR SERVICE 635-5555, 635-2525 635-5050 Mortgage “OTTAWA (CP) — Mor- 45,000 mortgage — about oh VICTORIA, BeCey VaV-1%4 S expecte would be $492.62 a month, Hoh Bank rate increases in the d to follow bank rates up : 4 ily herald TERRACE-KITIMAT: 20c > {- - vesday, Sialy 24, wm § RUPERT STEEL & | SALVAGE LTD. Seal Gove Ad., Pr. Rupert ‘624-6639 WE BUY copper, brass, ali metals, batteries, oto. Callus - We are. open Mon. through Sat., 8 a.m.-65 ame ; G LIGHT DELIVERY SERVICE J - Iran’s music —is-now banned rhe > to rock —- be banned from the airwaves because it is as “atupefying” as oplum. -. The ‘ayatollah im : "mediately ran into op- : \ : position from miusiclovers 4 and the sh era who sell . Fecords tapes of all kinds of music, Eastern and Western, ' whether Iraq is boycotting since the February ant-anan: revolution. oe In oil-rich Khuzestan prov- ince, guards apprehended two Arabs after a bomb went ’ - off near pipelines leading to the world’s largest oll slightly aan at ants 8 explosion, but no damage was done to the pipellnes, the guards Khomeini called for the: ban at an audience with employees of Radio Darya, which broadcasts in the commer ta the tourist- pa Caspian coast. There was no indication of me 73 No. 202 Lane sneer PEOPLE’S CHOICE Council 7 rejects | refugees | by Linda Purschke Terrace council up fo $30,000 be made available on a matching . basis to community groups and individuals who wish to sponsor Viemamese refugees to Terrace, after responses by local residents in- dicated a two to one maj taxpayers dollars," said .pretty safe to say council would have gone along to su the ref. was pede by. alderman Barrett says people misled | _. VICTORIA (CP)'— Op-- . Barvett, ‘cfiing -what, be ‘million worth of natural gas back away from National ! i ig . when the ban would go into with it" Soutar and seconded 2 ~ effect, but national radio and decided Monday to reject The motion to -accept Aldermen Cooper while television planned anyhow tr proposals that the the recommendation Alderman Pease end | District of Terrace made by the committe Talstra voted against the } consider an allotment of - that tax funds not be used motion. | ff i : 4 \ * AX. position Loader: Dave. sald - ida. Aeeorn: “PUTBOSE. ie. ett \accuied - Energy trem the NED hearin ‘in of trying, the a Minister’ Jim Hewitt of ‘Ottawa, said Keith Kidd, 7 ‘ affairs : nent still has. happy to donate with my . mis!pading the pubic over head of B.C, Hydro's gas ; | ‘beta"-unable to: find out own money, but not the sale of an additonal $75 division, had been ordered to i we ; , & year to the United States. Energy Board hearings in | all's an erty we don't have Mayor eb ma h Maroney. Barrett said Hewitt was Ottawa last week in what ap- i 1" trying to sell natural gas to peared to be a difference be- any comment on that at all, Talstra, spokesman for a Bpokeaman for the Iraqi the Refugee committee the U.S, at the expense of tween Hydro and the govern- : embassy told a reporter told the meeting that 133 British Columbia consumers ment, and he wants to know . ~ ; Monday. . dlacharging its oil, A * peting and at less than world why. i The external affairs few days later the oll was — pi arta tO lisher | TrKet prices. Hewitt said both the department increased its unloaded. - questionnaire Published He said B.C, Hydro, on the, 8a © 5 efforts Monday after the But the department could beater ntinnetybe re EP ake ae tager 7 fone Ria Abele rem oi ' Middle East Economic not géta clear answer about been returned, and out of sale of an additional 60 ee panition about the - . | published in Cyprus, whather there wasa boycott, those 7 responses had Tnillion cuble feet of natural olficials had asked Kidd to there is an Iragi oll. For a time it was suspected been against, while 42 gas from northeastern B.C, withdraw from the hearings iF -| -Smbargo as a result of the that the idea of delaying the were in favor, of: using by Nesteoas Transm a, J + 4 rogressive Conservative . shipment came not from the tax funds to help the Pa 4 a lee of ad “We ha two i: ", government's plan to move government but from the ref aso Natural Gas of Texas. dramatically different Dad the Canadian embassy in Iraqi oil agency Ugees. Hydro, which has in- ositions — B.C. Hydr re | Inracl to Jerusalem from Tel Now officials note that Talstra said even tervened at National Energy ee the future 7 7 {5 viv eile gar a a though the questionnaire Board hearings, is worried fending the future neetis of | iF p AVIV. new Iraqui oll minister has - that domesti Hes for British Columblans and Mr. ;. 4 An “external ; attairs been appointed and an an- : toy teshi sent at Mei ere Be customers; especially Hewitt saying ‘sell us out f | SBPOK¢aperaon 8A sne forth es : - . ‘tashion”, € e ie hee ' ”) Barrett said, . rs { muspects the economic ewer may be survey aati " This pair of Kemano kids were just hanging around until Herald editor Greg responses were probably _ at peak insisting that Gra me is vi vi taid H { survey | is reporting traqhas halted oll shipments Middleton could get his camera focused and take thelr picture for the newspaper, an accurate indication of clients pay all costs for ad: has been divect intervene: | something that happened until Canada abandons plans : the feelings of local Gitonsl sioeline 8 been direct intervention | some time ago and may 00 to move the embassy, an , ‘ oo cS taxpayers a itt said th Hennrepody. denied by Mr, £ ; longer apply, election campaign promise 7 , | " ‘Alderman Alan Soutar ment agrées the Bc, rit (MMLB.C. Hydro was : : But the department could that has angered virtually all fe eth ment agrees the B.C, toback off its position at the B ; ; mot be certain becauseitwas Arab states orest 1res urn stated that he was op- demands must be met first National Energy Board : An ; getting'no satisfaction from“ Brime Minister Clark has posed to any use of tax but added that studies show hearings,” Bargett told B I ; Fequests for clarification shelved his embasay plang . funds for charitable there are ample reserves. reporters. . C8 ; Made in Ifaq and at the py appointing former _ purposes, but suggested 5 a ; embusy here, ‘ Conservative leader Robert t rou out the council should en- . ‘ ‘ ty Meanwhile, Petrofina Stanfield to study the issue. oNAe deavor to find some way rC. ltects see : Canada Ltd. of Montreal, which imports about 15 per Stanfield is not expected to start his atudy untll the fall. KAMLOOPS, B.C. (CP) — skidders, helicopters and air acres of bush are burning a to help the refugees. “We should try to come ‘ e 9 i - Gemtof its needs from Iraq, is . ‘The Petrofina spokesman Forest fires continue to take few miles west -of the ‘oposal ] l t ‘ Rresaing the external affairs .sald ‘the last word his thelr toll on Britiah Columbia wore then ame mah ‘ue Okanogan — Valley in ip’ while Fa eed councl S support ; ; Gepartment for some an- company received from the woods, burning more than burning. . Washington state. time causing a benefit to A group of Terrace paid municipal taxes, and ewe are as much In the was on Pridey wie year hectares so far ‘his “Meanwhile, about 3,500 the blaze aud ate 4 the town,” said Soutar. architects made a had the ability to do the i . . r as ; _ darkasyouare,” acompany told there was no boycott,” Provincial protection firefighters are’ belng 4 A lot. of people in: presentationat the Job required by the city, { kesman tald a reporter. Andhesaidthe company is officer Arnold Ginnever said O b d brought in from Idaho to ‘cated : ey ww? Monday night meeting of e expertise exists i! Iraq provides about two not expecting a shipment of the Kamloops area was ne O yo check the fire which ap- more than appy to Terrace council, urging here which will Play a ti , Pet cent of Canada’s im- Iraqi oil at this time s0-it. hardest hit by the number of” parently started in a garage G0nate on an individual council to consider using vital role; if given the oy * “ported oll requirements, cannot tell if there is @ fires, with about 700 com- d on government land, ' basis,” added Talstra. local architects for future chance," said Lutz. F _- The question of a boycott - boycott, pared to about 200 at this FPECCOVEre Ginnever said allB.C. fires “I'm _ disappointed,” buildings in the Terrace, Alex Inselberg, another i ' : time last year. are under contro] but about . said Alderman David egpecially the new RCMP local architect, stated " : However, he said most of © CLEARWATER, B.C. six ar seven continue to Pease. “At 6 cents per building presently being that régardless of . B ANKS R AISE the damage was done in the (CP) — RCMP have cause crews difficulty and week per year (for each considered. - fecommendations from ; KF. Prince George area and fires recovered the hody of one of the firehazardin the Interior local resident) our other level of govern- . ; . . ‘| there claimed more than three Quesnel residents is rated extreme with community is well able to Gr Lutz, owner of t, T 8 n ; LEND ING R A TE two-thirds of the totaltimber missing since a boating campfire bans still in effect. k y h Architects North k ment, Jerrace council burned in the province. accident Sunday on Clear- A campfire ban also hag Ae such a con- orth, spoke had to make the decision ! TORONTO (CP) — take effect today at most | ,, Lightning caused most of water Lake, been placed in the Nelson ‘Tibution. | for the group and saidthe on whether to use local " ‘Major banks quickly bank. t Toronto.| %¢ 325 new fires staried Newton Shilling, 62, Lorne forest district with about 77 Responding to architects and firms or firms from the 7 followed the Bonk a. Domisl 1 Bonk and the during the weekend, with Hunt, 71, and Raymond new fires reported there on questions by members of engineering services lower mainland because Canada’s lead by raising Royal Bank: of Canada human carelessness causing Wheeler, 44, were with two the weekend bringing a total the press, Soutar stated: were a “local industry “council is the client,” uo . the others. other persons fishing ina 1¢- of 452 fires there to date, “If the people of Terrace which should be sup- Mayor Dave Maroney ' a Da it we their prime lending rates ij Monday to a record 12.5 per cent from 12 per cent. majo — trust companies, Victoria and ‘Grey Trust Co. ‘and _ Canada Permanent Mort- gage -Corp, raised qeanaboue rates by. one of one cent, - The central: bank in- creased -its trend-setting ' raised the amount of where the rates will be in effect Wednesday. As usual, the banks alsa interest paid on non- savings deposits, Most sald ‘the Increase to 10 per cent from 9.5 per cent will be effective Aug. 1, Victoria and Grey in- creased its mortgage rate to 11,78 per cent from 11.5 More than one thousand men and a battery of equipment, including cats, Italian ship searches f * SINGAPORE (AP) — An Italian navy task force took The Weat German em- foot boat that plunged over a seven-foot-high waterfall on the Clearwater River. bassy in Kuala Lumpur, Malaysia, reporled Monday West German government more than three mesa the number started by the same time last year, has guaranteed it will accept them for resettlement, during the weekend at an had been in favor of spending tax money (to aid the refugees) it's international conference on the Indochinese refugee total of 260,000 of the O ported by council.” Lutz stated the two industries employed local residents, estimated 400,000 refugees now In Southeast Asian coun- Malaysian authorities in the who will then be taken back. sald the presentation would be considered the members of council, - r refugees last month have towed 19,000 newly arriving ‘FateSunday by one-half of per cent and Canada | “{velMondayfora mission ihat two Weal German embassy officials said. situation. tries, to contribute $190 back out to sea In oon eee i one per cent toa record Permanent raised the | into the South China Sea in commercial vessels picked — Malaysian Prime Minister At that conference, inGen- million to the relief program = —_The [tallan navy ships will q 11K per cent. rate on closed mortgages | *C8rch of Vietnamese “boat up 371 Vietnamese refugees HusseldOnn said his govern eva, Switzerland, Canada, and to help establish new ply the area between Kuala i! The higher prime rates with one-to five-year | People,” part of a growing off Malaysia’s southeast ment will not lift its antl- the United States and other refugee transit centresin the ‘Trengganu in Malaysia and i: — the um charged terms to 11.5 per cent white af we roperation by coast. They were allowed to refugee haval blockade, partlelpating countries region. the Anambas Islands in Bi on commercial loans — from 11.25 per cent, Pe iy verous countries, landin Malaysia because the despite progress made made pledges to resettle a —_In enforcing the blockade, ~ search of up to 1,000 refugees a