Von ee “Bo i i AIL Time 9,694. applications — for ' acquisition grants and second mortgage loans were received by the Department of Housing during the month of May - (his, is —_ -an all lime record, representing ° ~ {he sum of over $8 million put, cut. by the Department of . Housing for: the.month: of May alone... Over 2,000 of’ hese ap- : plications were-for ‘granis .And : : second mortpages «on new houses. . Honourable ‘Larne, Nicolson, the -Minister . of Housing said “That. with the. increasing interest rales In the first: mortgage field, andthe tightness of first’ mortgage: money, it is not likely Uhat thls high rale for second morlgage loans and acquisilion granis will continue,” - , - In- 1973, ‘the. Provincial « Acquisition Act was amended |o provide (hai-a person who had “~ reveived an Acquisition Grant, could. qualify. for .a second mortgage .provided the grant . was: repaid: with a reasonable ~E ** yale of interest. Amendments ed Boer Serving Terra WEDNESDAY, JUNE 26, 1974 Record for Housing Grants : were also provided thal a person. who had received a ‘second mortgage and repaid jt,. could.apply for another second mortgage loan. 6n_ another property. . . “Mr. Nicholson pointed . out that. amendments : lo the Provincial, Home Acquisition -Act now before the Legislature ‘provides thal in future annual ‘home-owner grants _ received “will not have to be deducted fronf.the maximum $500 grant -ayailable on older! houses to these who have been renting for’ at least 2 years, Amendments are also. being proposed with regard. . to ' residence requirements, . In fulure, if a person or a spouse was born in British Columbia.; .or had resided in the province for any period of five years, they could qualify . without. any furlher ‘requirements. If. neither’ of these two condilions are mel by the applicant or his spouse, then . there will bea 2. year wailing. period. When School’s Out — __- The Playgrounds Are An Dental Topics | e+ Starting” Ju ~ punning. through to August clwenty-third,- the “District. of Terrace will be conducting four ‘supervised playgrounds, . al “Clarence Michael, Uplands, “Cassie Hall and Caledonia Schools. The hours of, super- ” vision will be from 16 a.m, io.12- “~Snoon and from 1~p.m. :(0.4:30. “pim, Monday through Thur- _ sday, and irom 10 a.m. ta p.m. -for Inaction ood othe oy cx bine playgrotind leat Seed for tie si ; recreation’. supervisor, "J -Guirban ‘places high! hopes’: ~~ their. abllities: The girls hired -. are: “Shari Hackl,-Jean:Webb, Czink,-’ Debbie Dakin; “Linda ~ Pursehke,’ Marcia: .Albert, - Dianne Olsen, and last ‘but. not Jeast;:Sigrid Loseh.. -:.2,.- S, “, Mr. Gurban believes thal the ‘hear! of any playground is the, -Jeadership, and. that. all the were Imaginative and have a tot A: - ofcommon sense. “Although a a “pough linerary for (his: sum- oe : me's playground: has been set “out, dhe playground is what the shids Vike ta das 0 rt B.S. The average youngster going = July: second, and~ on eeiday. with agne houpbreak. lesson. in- first “aid which..Mr. ‘ La-Verne Fredericks,” Sari’, "Gurban thinks was “(op natch’. “Never -before,""’ he says, Have 1 seen a first aid lecture :. delivered. as’ well a5 ‘lhe, one- Now™ * Mr. Gurban- feels“ that ~ bi leaders have a knowledge of : emergency’ procedures that -is average cilizen, 22 2 4 With: Jon Gurbar::,.and his assistanl, Judy: Winkleman,. ~ ‘along-with Ihe nine. playground: leaders ‘ruining the'show, this: years playground should be fun for all concerned. ve! Q\umosr Ack s+! Woueoa ~~ Bes. Nest Q . mt Ras Wr Aig TU + -, we bs pestis ! ac’ be 7 ve b aD PRIVATE.” | oe RESTAURAN "[ cenIWESE acanapiaN FooD | RIVATE “ "BANQUETS: - ORDERS 10:1 @ PARTIES FAST SERVICE. TAKE OUT . e ot Tha Food that gives you Taste & Appetite = ao “v Dining'Lounge & Banquet Room _ SE abies ca a Business Hours: - ee “10am to Lam Monday - Saturday Jam to 10pm Sunday ff Prone 635-6111 AGA2 Lazelle West of cETK ” oe Meet ra See ve BROIL Tana aber waa\ Ls wo T ace and Area Lo ORS . NS) y “CARE GRATEFULLY PRESENTS THIS [emer PT. Certificate of Appreciation mntonnial Mions tive |) Changes to the Mineral Royallies Act introduced las! week by Mines Minister Nimsick make noreal change in ihe punitive taxes levied on the mining Industry, The Mining Association of British Columbia sald today. “ . _P.R. Matthew, Association maniging director, said calculations show the effective royally and tax rale by the provincial and federal govern- ments on the industry will still be 91 percent with copper selling at $1.25 per pound. “Wor every cent of price received over 120 per cent of the base price the. industry still pays 1.0475 cents, which is more than is earned,” Matthew said. “The effeciive tax rale with copper selling pound will be 90 per cenl; with capper selling al $1 a pound the. effective tax rale will be 60 percem. 200... a "He sald: “The amount left to the ‘companies will nol--pay ‘ ” Ce | bulld mines and provide jobs, il Two Terrace Lions clubs have had a major part in an outstanding Lions project. sponsored by Multiple District 19 of Lions International al the CARE-MEDICO, installation, Kabul, Afghanistan. Citations- and. letters of com- _mendation fram-CARE were presented to the Centennial and Downtown Lions clubs by Al _ Pierce of Vancouver, district CARE chairman, lopped all clubs in British Columbia, Washington and Northern Idaho in the'support of this CARE _project and received the annual CARE awardin.. "- “recognition . of its achievement. oe "More than 300 Lions clubs participated’in the project sponsored by the district for the second ‘year to provide vital aid and supplies lo.the “at the recent district convention in Spokane, . Washiigton:: Terrace Centennial. Lions Club * Avicenna hospital serving thousands of needy, - - ailing Afghanistans whose. medical ‘service is": *: Imited to’ several: hundred doctors for. its 15 “million people, - doctors and nursés .have’ ‘graduate training for Afghan doctors as they _aecessories for the emergency heart-treatment - into lecal, languages ‘for. increased nursing - . service, and equipment essential. to nurses’. - Who’ also. has developed ‘Lhe - nurses’ manual -: program.: ¢ ~ te hat te! will nol pay for any exploration, ‘and il’ will net cover the replacement cost of machinery ‘that wears oul in operating mines.” co os “Tr means that in due course the operating mines in lhe specialists o teant members who provide post- help treat the Afghan people. -'* ' woes ' Several items, of: equipment’. aad other - supplies will be chosen by the Lions: commiltee after the opening of a new “hospital al the . Avicenna hospital at Kabul in July, in addition to defibrillator gl ven last year, and equipment fora “first . medical records system to‘ benefit hospitals and clinics throughout Afghanistan aS ~ medica! personnel trained by MEDIC move on to other.areas.: .- Bs : District funds also will: provide costs of translation..and production of nurses’ manuals stations at.\he new hospital. ‘The vital new” medical record system has been instituted by a - Pacific Northestern, a Portland, Oregon nurse a Nimsick Changes a Sinokescreen 4 money which (hey do nal" al 75 cenls a. dividends 10 the shareholders - “who have risked their money la. . province will be eperating with obsolete, worn-out equipment ihat will increase operating cosis and reduce production.” Matthew said the lale changes intraduced by. the government. are “Just a - smokescreen’? to fool the - federal government into ihinking the royalty charges are. an allawable tax deduction. (In the last federal budget, the government in Ollawa proposed : 1o eliminate provincial, royally. payments as a tax deduction on federal corporation taxes.) “So this is just alegal effort to | “make i appear that this is a charge which shold be allowed as -an. expense in’ calculating federal tax," Matthew said. . ‘Matthew said that while the government has clarified. the gross value price, the act is still top loose in ‘its wording. {po predic! {ts complete © effect. “The, original wording: of the Bill indicated. that gross value was the’ London‘ Metal Ex- “change price," Matthew said. “Now! the Minister says il is the ‘international. price,’ less ‘smelting. and refining costs. Bul’ he hasn'! allowed for [ransporlation cosis.sd. the companies will have lo pay super rayally ‘on ‘the tran- sportalion cos! to the smelter, HOW MUCH INTEREST 00 SAVINGS: ACCOUNTS REALLY EARN? . aot receive. _ - “In addition, the Canadian price can hardly be called an. international price, and. some mining companies sell in: the Canadian market, Some copper - is also sald in the United Stales, and that ts nol an ‘international’ price; elther. . - vot “So. noihing ‘has’. really | changed. The net effect of the Mineral Royalties Acts-which: has now received approval in | “ principle in [he House, jg 10.end-. . free enterprise operation of Ihe:.- mining: indusiry ‘in,-Brilish Columbia," Matthew said. . Some: peuple believe that “hot cross buss’ will keep ~ for a year wilhoul becoming maldy, and hang. them" up ~ for goud luck! enl~ the. last couple of! “UNITY”. ‘Theme ‘by inviting probably better than that of the _ erowd in'Nelson Thursday: that -?.“Koolensy MLA’s, Nimsick and . Nicolson, are far removed from... the. [hinking:, of their: con “'slituents"s- * ake als . mining initiatives .of -the NDP. ‘Government as ‘ evidence’ of- - Sglonewalling “the. wishes: of ‘those who elected them." _ "Keotenay’ people “want. to ’ “own. the land’ their. house sits .on", Bennelt said. Bennetl _¢ BU Bennett. Leader ‘of the - ) Opposition, -iold a. partisan «the trade... They: have: had ‘4 . we turf oul the NDP. the: new - Bennell “cited _ housing and. encouraged the audience lo “by - : Persuasions’’ lo ‘join. a new “the people of ‘Federal Political: different catculation methods. - ? Social Credit Government Will ‘positive. Provincial, Social, a ; . : oo, : mepmerers make _cveny one wi those ‘Credit, team lo take "Govern- DATE . WITHDRAWALS _ DEPOSITS - BALANCE . Tesidential leases availanie- (0 ment to the people.’ Jan . Ne . ‘you atsthe sale: pricé you,can -. “Whatte out. ofdute abaut i 10 - Balance Forward - $1,000.00 alfordtr 1, £° "representing ‘the wishes:of the -[“jan99 $1,000.00...” _! _ $500.00 $1,500.00 : “The So ‘ed: Leader,said that . grass roots?" Berinett asked. ee Poet pe ot $500.00 © “BiIT31 isalypieal example of -" .“Qur Parly wants'your ideas lo. Feb 5 ee eS $500.00 $1,000,00 “the local MLA's total disregard ~ be voiced in anew Legisialure,” Feb 15 2 700,00 $2,000,00 _ for any messages from’home.” ..-Bennelyconcluded. | “"Tagether Feb 25. $1,900.00 enn $100.00 <"Your ideas are belng/tom~.we ean, make the kB.C. Mar 15” “: 2 $2,400,000 - . $3.50 pletely ignored ;Bennett © Legislature'a place to promote - Mar 31 - ot eae . - $2,500.00 charged, = ue’, ; your ideas. and not those of an- ars $2,500.00 Bennett conlinued. hi§ , NDP Socialist manifesto." lols noo | Department ' THE "> AT TERRACE’S NEW. AND, 240 pan, to &40 pn. are oC Sr Retain neni eer a . ~ ~Terraca’: Parks and Recreation 4 Bp District of Terrace Parks and Recreation PARKS AND’ RECREATION:..COMMISSION AND THE DISTRICT COUNCIL CORDIALLY INVITE: YOU TO ATTEND AN; . | Open House || INDOOR SWIMMING POO “SATURDAY, JUNE 29, 1974 or 1 oa aft tote ve Ve FROM: 10:00 a.m.:to 12:00 noon eh see woth core te To Sée You There! Alderman Norah Jacques; D\chairman, Committee of Council, PUN + PLAN-24- INTEREST-ATS PERCENT INTEREST PAIDON EVERY DOLLAR FOREVERY DAY ’ Jan > W'days.-*-- an $1,000.00 “ '$ 1.64 dan 20 © W days "on $1,500.00 ‘2.46 ‘Febs . . days . an- $500.00 Feb 15 . _-W days * an $1,000.00 Feb 25 10 days on. $2,000.00 Mar 15 Wdays | ——saart. $700.00 “16 days on $2,500.00 Mar 31 . 9odays INTEREST EARNED 4 Competitor's Savings Account -- Interest At 8% Percent - ines INTEREST PAID ON MINIMUM MONTHLY BALANCE. ; “on'$500.00 © January al Days . © February ‘28 Days | » on $100.00 | - March 31 Days.” :0n"$100.00, , 90 Days — “Interest Earned | G12 . _ Competitor's Savings Account Interest Al 844" Percent INTEREST PAID ON. MINIMUM QUARTERLY BALANCE 90 Days on $100.00 -.- INTEREST-EARNED $2.15. HOW MUCH DID YOUR SAVINGS EARN? » .. If your savings account Is not earning the interest it should be earning, why not,,,, . seMOVE YOUR SAVINGS TO HIGHER EARNINGS AT TERRACE & DISTRICT © — ~GREDIT UNION = 4650 Lazelle Avenue | : - 635-7282