Page2, The Herald, Friday, February 2%, 1984 dally heed Published every weekday at 3010 Kalum Street, Terrace, B.C. by Sterling Publishers. Ltd. ' Authorized as‘ second class. mall, Registration - Number.1201, Postage paid in cash, return’ postage guaranteed Terrace; 8s ~ Circulation: 635-6357... - Re . 635-4000 Pub her Davia Hamitton . ~ advertising Sales: "Nick Walton . - Sports: . ‘Editar: a Brian Gregg. Staff Writer Photographer: Ralph Reschke . Recéption- Classified: ’ Cireu lation: Claire Wadley - Sue Booten -NOTICE oF COPYRIGHT | ; The Herald retains full. complete and sole copyright - In any advertisement produced and-or any edifortal or photographic content published'In the Herald. Repreduction is not permitted without the written: permission of the Publisher. : a ‘The Terrace-Kitimat Dally Herald Newspaper ‘is ; politically Independent and a member of te Briitsh a Columbia Press Council. - a Moe details released | ‘on Kemano. PRINCE GEORGE, B, c. (CP) — The Aluminum Co. of Canada has unveiled its formal application for new generating facilities and two smelters in central and northwestern . -<; British Columbia with: a- ‘warning . that the entire application, stocks, must be approved or rio part +. news, conference Thursday. of the project will go Ahead, © The application will be The Kemano completion’ considered by, the B.C. project is a. scaled-down - Public Utilities Commission .... a “After-tax profits in the fourth quarter. soored £9 pert ig ‘the. trend of year-over-year. profit gains in’ the. previous’ . three. quarters. However,’ those. gains, are based - on * depressed. 1982 profit levels.’ ° | - Holly Olson version . cof a three-smelter proposal withdrawn in 1980 because of public concern over reduced water supply and the effect on salmon _. Alcan spent 3% years-and “$10 ‘million. revising -, the -proposal; presented to a. dustrial ¢ vocation soared for 1983 heat the . weren’t much to celebrate, . “Figures. released by the federal: agency ‘anid pretox profita jumped 56.4 per cent over the recessionary levelé of 19862 to a‘total of $15,8 billion. Those. profits were, ‘baked jn ‘sales ‘of. $550.7 billion;: up 7.6 per, cenf. from. 1982 over the final quarter of 1862 to about $4.9 billion, contin: “The: fourth-quarter figures’ ‘indicate a “glowing. ie ‘the - —— strong tecovery in profits’ shown in: the Preceding. three quarters. “2 0na ‘seagonally-adjusted basis, pre-tax profits rose. “4 8 per’cent to $8.2 billion in the final quarter, compared. with: _quarter-to-quarter increases of 15.9 per cent, 14.5 per ebnt - and 21.2 per cent in the previous three quarters of 1083. STILL BEHIND “And although profits advanced throughout, 1983, the current level of seasonally-adjusted pre-tax profits is sill wet some 6.8 per cent below the level of the second quarter of , 1991, just prior to the recession,” the agency said. ‘The: transportation equipment industry enjoyed * ‘the: ; largest gain in pre-tax profits during the.fourth ‘quarter, . “followed by electrical products, mineral. fuels, primary. - - metald, metal. mining. and retail ‘food., ‘Declines’ eo: widespread in wholesale industries::. . In.another development, Toronto-Doriitiion Bank: ‘said’a. hinéper-cent decline’ ‘in . income . from; interhatioial . . Operations helped push | its first-quarter: earnings. alighiy lower from, the first. three months of fiseal: 19d... 68 cents a ‘share for the: iret quarter énded Jan.31; at public hearings later this | "year. Final approval rests services. ° with the. provincial ¢abinet, . . But the “gompany’, ‘also Alcan now is holding talks _ ingists “ on’ bullding.: : ad. with B.C. Hydro to obtain ~ ditional ge it surplus“ ~ ~ power.. If . facllities. ° -. * negotiations are successful, _ LONGER, TER , construction of the proposed - Rowen’ suppli ‘smelter near Vanderhoot in ' Hydro would be cheaper for central B.C: could start, in. 1985 — about two years. | earlier than planned, said: ‘Darey «:: Rezac; - vthe come: - . longer term. . The. application: alv 8. pe tier. but amajor chartered bank revealed its att thrée’ months ‘ i ~ . In other. business news Thursday :- . Richard. Thomson, ‘chairman. and chief, executive officer, mas 4 said ina statement the hank ‘made a profit of $85.4 mill n.ory. 2 fro 10-per ‘cent, where:it had been-for-two: Weeki but-the: “details ‘about’ “the ‘second “smelter, but, does say the + anmuial capacity would: be ‘about 200,000 tonnes and adds the plant has to be built ‘or the othersprojects : ‘won't “make any economic sense.’ “* The - pany’s director of cofporate, kilometres - northwest of * Vanderhoof, “will have. a 171,000-tonne-a-year | O. aeity and: zw - ‘coat ee.) several | "years, Rezac. said,’ ~ but Alcan is looking: at the “expected in the current quarter, “he added. ‘DOMESTIC IMPROVES: ao ~ The bank’s earnings from: domestic operations} ve three: : per ‘cent from the year-earlier period; mainly. ag a result of.” solid growth in lower-cost core deposits. |‘. "And in Montreal, the federal government: took another beating as the president of Trust General du Canada. spoke’. out-dgainst the deficit and. warned: ‘Ottawa: not to create. ‘more. bureaucracy to administer. its. ‘proposed: mortgage _ insurance program.’ te : “Td's wise, healthy and desirable” Maurice J odoin said of . the mortgage program, - — . ' “But they shouldn't create atiother superatructute,"” he said: “How.much. would it cost?’ Finel details of the plan, which would eiighion. ‘Mortgage «. holders.from sharp interest,rate increases,’ ‘haye not been. worked out but the budget proposed holdera. pay'a premium, . of 1,5 per cént on the face value of their mortgage. - 2 * Jodoin; whose Montreal-based Trust General. operates in: : “Ontario under the r name ‘Sterling ‘Truat Corp., suggested the ws insurance ‘plan be* handled through the Revenue’ Depart. ©. ‘ment by “adding: one line to the tax form an changing the. .. computer ‘program;": ; ~~ The, Bank of Canada rate edged up: to 10,04 per cent : " increase * ‘was 5 hot expected to push Up | other short-term: “milion: It ‘will have: the: ‘same: advanced technology and - pollution controls as Alcan’s. recently-completed smelter at. Grande, Baie in nor | theastern Quebec. proposed * ” sfirat™ “about, 25 ~ “split up. joba:80,local, con- tractors had a.chahee to bid,: smelter, * / CAP’ worked’ -well and “he |{n- _ otlicated: ‘the: company: ‘would ,. do the same. for “the Van- . Nge we "pi pronaséd oy “North, Central: B. c.. : Be 2. Intlubing, Kican's Kemand tydro=ebectic Bower ~ : * genkeration’ srelem and proposed expeneion 0 “ Comolelé the Kameno prot. a Alunninn Company or Canada, tia A derhoot project. - 2 ‘ “Sulphur dioxide, ‘which — “can. cause’ acid rain, and - . fluoride, which can damage ; planta’. ‘and | eBuses - - malformation of bones of: - animals, will be produced ° : .will -be much ° lower than 8 Capea ee aay mane A Ee Tt we Suis new ‘ “"Alean. ‘will 2 alsp build new generating facilities ‘and a “ ‘dams worth $958.1 million — Fort Siames “| the most controversial part Roe of the project, ni Sar A second power tunnel 16 mi: “| ‘kilometres long will be Awe drilled from the western end et Of the Nechako Reservoir to 4 . Kemano. A new powerhouse co @ owith © ‘six’ turbines ‘and a ch. i “generating capacity of 798. 2, ° imegawatts will be built’ ., [outside Mount DuBose. 4 .. | An additional 300-kilovolt -_ “transmission line will be built from Keriano to the B.C. Hydro . system. at: Kitimat. Because more water will: ‘be’ needed for ‘increased ” oo _ plans. to.build..a.dam: rear: - “7 -'the autlet of. Kidprice Lake, -gonthweat. of” ‘Houston, - diverting water. away. from. .. the Skeena River system; a The map above shows the area that will be affected by the — damming of Kidprice Lake. It also gives the location of the preferred Smelter site near Vanderhoof. (Below) This Is what the dam and resvoir at Kidprice Lake will-look like after completion. room at 7:30 p.m. it sapraveil;: the’ ‘entire: iKemana | Completion project. wiil take seven years to: ‘complete: More details will be discussed fonigbt | in the arena banquet = major’ ‘salmon: ron, ‘The ‘normal. operating | levels of the new reservoir would be equivalent. to the. natural ;- Nanika : Lake, _ the ap- . plication gaye. a Alcan admits some Joss. of fish habitat will occur,-but, said ithas discussed ways fof redicing the impact with. To protect fisheries, - a cold-water bypass. tunnel around the dam which. will limit expoaure of. migrating: sockeye {to temperatires. exceeding 20 C, as well as a. new dam and -dp) Murray Lake. . : _ At presen er “8 _ spillway €8 kilonletres: to th controls releases: in t Nechako | Rivér:" The: new! required «for © “ arena: . could take. about 10 years of employment. ' population ia expected to be 23,390 — or 2,300 higher than it would have been without ihe project, the application says. | a share in.the same’. Interest rates: However, ‘one micney. trade ; : about massive government’ ‘deficits’ and. : mandfacturers telephone. switching systems: . ! wholly:owned ‘Britizh trucking subeldiary, - Cariadian ‘Club. tad. of how-to improve the: productivity the felleral : “public” “service. The “report "was. condeminied “Bi ‘th - federal budget, said Wymaai,: who ig also’ chairm. . ‘Investment, dealer Pemberton ‘Houston Willoughb be “eat: that. “project, “Alean . Rezac said; The approach 2 by the plant but emisslons. = |. Generating capacity, Alcan : - fluctuations — of. government agencies,, a . Alcan plans two projects — . ay? al : _ Ab tte ratte weat at Skins ‘Lake; Which jp: the facilities -will reduce, time... ; ‘addittonal water to reach “downstream The construction project - andcreate. 18,450 man-years : , - We expect from social servies such as medicare, petisions ‘By 1997, the- ‘total ‘area - ‘ “ant! renee: eign a Ere Aher doors. a, elon! ' — Trillium Telephone ‘Systems Inc. signed an. agreement with Commodore International ' Ltd.” to incorporate the » Trillium: Talkto telephone system design into. Commodore : gomputers. The Tatkic ‘system provides’. telephone,” “in- tercom, security: ‘and energy features ‘for home oF fice. ‘ Trillium, a’ subsidiary of Mitel ‘Corp. ,of Kanata Ont, =~ Internatlonal Harvester Cariada Ltd, sald.il will Vehiéles Ltd., toa Spanileh. company whitch ‘medium and heavy trucks:- Seddon, Lancashire, and employirig 700 workers, ‘will’ ‘be th ‘by Empresa Nacional de. Aulgeamiones, § Terms were not disclosed. _ ; _ Value. neede VANCOUVER (CP) — ‘Canadians. must: demand: t value for their tax dollars and government ‘nust demon: ° ~ strate feadership by example in increasing: -producilyity ; and lowering costs, W. Robert -Wymmaii, “chalrman e ‘Canadian: ‘Chamber of Commerce ‘sald Thy sda . ‘The chamber. has ‘asked ‘the ‘governmeni neb: "program of sustained productivity’ improvement ¢ ‘the entire ‘public service, Wyman | told a The chamber recently released the fealty of yearling _ professional institute.of the public service ‘bea 4G: piled ¢ eriliciam: of the p current 8 system, Ww Ree se : “In: B: ‘pre-election envirenment, *; Id public ‘servants represent~a- sizeable. chunk: th .\ torate, few politicians relish the idea: of championing: ‘this Ih oro lect ves sans. ‘ea Issue, a “unless. ‘and ‘until. they ‘are’ ‘pressed’ by. the’ : _ YN government septorvol the voting, ublic to” da Bd ttiing ot about. ith 5.4: 4, ition- "The built-in inertia will: orily’ be: overcome when publ servants.are convinced that the pallticat will exists | ‘Improverients made.” as “The chamber. was, hard-pressed. Mo ‘condemn “ttHowever, the budget wasn't? a bed ‘of ‘yous; he i 4 "“We emphasized the need to get the deficit down, and We're : _ not: at all-satisfied with the results.’ "You've read the numbers — a $31. s-blllion “acticit the : current! fiscal year and a projected $20.6-billion (deficit) for . -the:next; The. announced deficil:figures for. the. first nine - months implied a full-year deficit closer to §29 billion than " $34.8 billion, and we cannot: at this’ point reconcile if- ; ference. S oe we. can't: take steps to reduce the defielt we, for heaven’s i sake? ‘We just can’t keep on financi ' generation, by teuing' notes payable by ihe next, ” ; The Regiovall District of Kitimat-Stkine director for ‘Area Eand the Thornhill APC goon record as supporting Alcan's | smelter proposal for Vanderhoof and Kemano completion © and ‘would like Alcan to give serious consideration for - . future industrial development in: the Thornbill-Terrace area. - : Robert Lavole ; OTTAWA VIEWPOINT oe ‘by JIM. FULTON Skeena MP _Accordiig to Finance Minister Lalonde, Statistica - Canada and some economists we have now lived through _ one full year of an economic “recovery.” You are forgiven :’ if you haven’t noticed or felt this turnaround in ecpnomic . fortunes, I haven't noticed it and nelther has the taxman | ‘who is content to chase down fishermen, small businesses, ee and’ farmers while ignoring the “repent n : Pthe federal government, tacing a massive ‘deficit; 80 . billion this year, has'armedl itself with’ tax quotas ‘pnd a __ nifty taxpayer-funded film that threatens to gét. ( : being negligent on your taxes, Neither the Liberals iior.the - _ Conservatives are eager, however, 10 plug the tax loopholes ‘thet actually allow tax credits to be achieved at thé erid of | . the year for the banks and large corporations, Let's ook at - the record, a __ ‘Two of the largest five Canadian banks. paid no taxes at * “all in 19621 The Royal and the Bank-of Montreal actually. - réceived tax credits ‘of. $28 million and $22.4.million ' respectively. At the same time they have been ‘closing | », down branches, laying off employees and cutting services to small business, ‘The : Banks. of Montreal has closed: down 104 branches and 4 ‘nw’ "ein 8:1,963 fewer people. © - From the end Uf 1882 to the end of 1983, corporate after- thx profits incredsed a whopping 92 per cent. When youlock © etoct carton the ic Health of non-corporate Cate hada, stone ok te prone ty fal found its way drt = v ng. Thus while therich are prospering and eens a ‘Joopholes, “the rest of ui are. ailing and offered - ‘haraserhent.- While prosperity has not yet arrived, Revenue Canada has. had. no trouble finding the. path to your door. This 1é°ail part of the ‘Unfalrness thé New Democratic Party refers ty’ag the inylsibile recovery.’ While profits, for ees £8, ~ banks and bij buliness fire better, we have had no tecovery in unemployment ratédor inthe job security of the middle and low-income Canadians wh have paid most of the. coats. | “of the recessibn. After a yea? of ‘recovery, unemployment _ rates are still more than 11 per cent, and & growing number. of jobs are now only part-time, The security and protection and education, is being eroded and as the numerous letters 1 _ have received from you indicate, when the taxman comes, ‘he comes to your ‘door and ignores the banks, = Thisisuriacceptable. Weall tharedin thetrauma of hard — "times and now we deserve to share in the recovery. Until ‘that Hime I will be teling Ottawa to bark for its taxes at Feeds