i Publls d every 8 Terrace, B.C. by Sterling Publishers. Ltd | ( y Authorized. as ‘second Class “mail. 1 Registration - : ‘Brian ‘Gregg. ag me : -"Sports:” . “Keith Alford, "= -Don Schaffer’. Reception: Ciassified:. — Circulation: a Carolyn Gibson Sue Nalson NOTICE OF COPYRIGHT | "The Harald retains full. complete and sole copyright | in any advertisement produced and-or any editorial -or photographic cohtent published In the Herald. " Reproduction is not permitted without the written , permission of the Publisher. Letters to the Editor To the Editor I want to thank Alderman Galbraith for making the water restrictions clear for the very first time. I have phoned the. municipality several times with this question of water - restrictions and before this could never get any information _at all-no one seemed to know. . Claudette Sandecki makes a point in here June 23 article. we do get the government that we will put up with:. I think our’s in Terrace is shameful.’ The mayor is elected by the majority of the people and after an election it is up to all of the elected.representatives to pull together for the best interests of the tawn, and with due :respect for the head of, government, in this case our mayor. While this: insulting childish behavior is going on our, town is-in. great need of | strong leadership. Terrace always grows, and is still growing. “We should | once and for all get an adequate water supply,‘ - Which they say is available, so that now. and in the future there will be enough for all. Whatever it: costs, it will: have: to hed dane sooner or later. ; : To the Editor, While: 1 applaud the ‘initiation of, transit: service to Thornhill, I must question several | components, of the transit system, namely; -- 1), The Jack .of periodic. advertisements to ‘eierurage increased riders. - 2.) The advisabllity of reducing frequency of service; - within the District of Terrace, by 44 per cent without just | soliciting public input. 3.) The advisability of continuing the weekday Halliwell’ 6:37 p.m. service to the northwest College. 4.)... The merits of combining the last weekday trips for _ the Keith and Bench routes, 5.) ‘The absense of weekday service between 10.a.m. and _ noon, historically preferred shopping-times, 6.) The lack of weekday moming service between 7 a.m. and 9 a.m. discourages usage by working people, 7.), The lack of weekday evening service on the Soucie ; and Bench routes, severelly | limits ' access to working ' " people, 8.) Poor bus. connection service between’ Thornhill, Soucie and college areas. . 9%) The advisability of increasing transit fares by a minimum of 25 per cent, effective October 1; 1983, Too much emphasis has been placed. on controlling financial expenditures and reducing deficits, while far too little concern has been given to servicing the ‘needs of those us wishing tomake the transit system‘asueccess,. If you have similar concerns, please express them to a - an - I r as 5 eh at zoi0 Katum: ‘Street, F aM “Ina report: based onan faves of ‘data vail ; 2 aan Ad asso . exploration ‘dropped significantly lasts year from: th a ~ Althou recovery may: ‘be’ a: ‘bumpy or e.: ' 13, the federal agency: ‘said ey ‘has b ‘built, endiigh me mentum: : The report g also said-the recovery pears erse Impact: so far: on: nflatt 1 ‘posedive'in Ture tom the five-year high’ rétoide Ja month ‘earlier, Elsewhere, the ail industry reported i its: spending on of the two‘ previous: years, * Meariwhile, the Iroti Ore Co, of Canada annauniced it will “Tay. off an additional 185 employees: at its ‘Labrador Clty, Nfld., operations in early September. © - The Statisties Canada report atiributed the strength, of = the recovery during the first three months of this year to ‘Increased consumer spending and residential construction, as: well 88 8 reduced rate of inventory liquidation. a sh Statistic Canada day it’s @ nin abou the nt, ( ‘strength of: the, ‘ecoriomie: upturn, ‘86 : developments. Thursday. Ins fated. ‘the’ ra “2 thal June starts wer ; 180,000 units == fespectable taja by industry standards,” - 9 Warned the path to lo res gence. of inflatio | ad to. ecovery bur ” 4 \: have been cut in: half sinc ms ‘ in. ‘{eontinued high arta Fates, a possible faltering: f. the: al bal . recovery; or a (rad expenditures, insthe: ona al bees ‘and northern. frontiers hab virtually do ble riod... * on Ls There! ‘yeport ‘sald about, r) a cent of th 1: the- frontiers ‘last . yea ame from incentive, payments:. af “The survey. also found spen i ae B ‘gen Let ‘the while operating costs’ and.taxes-and foyalties climbed. it. Heavy debts‘ “et. into. moa Can ia Mo age and Hounig Corp. bee but ‘well below, th revised: units, ° a rate projected in May at 256 000 ; Industry observers . said the Meanwhile, the Canadian Petroleum. ‘Assoclation sald the “oil industry's spending on exploration dropped 12.2 per cent last year compared with: 198] and: Is down almost one- | quarter from the peak year of 1980,. 0° An association financial survey ‘shored explora . an ‘the. current daily oltput. NOWLISTIENTOME =| @ __ VERYCAREPULLYPAGE.* WHETHER THE FOUR LIBERAL MEMBERS SEATED OVER THERE ARE ACTUALLY DEAD,.AS YOU CLAIM, OR ARE MERELY VERY - TIRED [$ REALLY QUITE IRREL- EVANT. SO WHY NOT SIMPLY — PROP-THEM UP FOR “ANOTHER YEAR OR - "TWO WHILEWE GET _, | ON WITH BUSINESS? Volcker’ S task embarrassing? ; WASHINGTON (AP) — With applausestill ringing for his ‘work in bringing .down interest rates, it might seem ; embarrassing for chairman Paul Voleker:to have to raise - the Federal Reserve Board’ 's own lending rate just before U.S. ‘Senate tomirmation hearings on his reappointment. . After all, it- was a decline, not a rise, in intetest rates that: ended the recession. And economists say newly climbing rates are the biggest threat ‘to recovery... -- .' But an increase now by Volcker and his board colleagues ' — if it happens —- would’ be clearly. in line with their- oft- . Stated Inflation-fighting theories. Private analysts have been saying for mare than a week '.. that.a rise inthe board's discount Tate — the interest it charges on loans to member banks — is virtually inevitable in light of the rise for several manths.of other. interest rates ‘ and the rapid growth of the U.S. money supply. ‘The discount’ rate, which affects a relatively small’ those branches of governments empowered to make the~ - percentage ‘of loans, is important. because it affects. banks’. required changes: -own borrowing costs and serves’as a visible clue to the RW. chil Private thoughts of the board's governors. B.C. rent controls eliminated - VICTORIA’ (CP) — Rents controls in British Columbia . are over three per cent and in’ other parts of the province have been eliminated, and the watchdog over landlord and"... they range front five per cent fo as much as 15 per cent.” tenant disputes will be phased out next year...” . Consumer.and Corporate Affairs Minister Jim Hewitt presented a bill to the B.C. legislature Thursday. abolishing. the office of Rentalsman effective Sept. 30, 1994, and transferring his jurisdiction entirely to the courts effective the following day, The bill also eliminates rent review€ffective next. xt June; “and will give landlords the right to evict tenants without -~ Biving reasons, as dong as. they abide by notification * regulations. Hewitt afinounced that rent controls. were removed effective at midnight Thursday. ~ He said only 1$0,000 of the 400,000 rental units in the - province still wére under rent control which was brought in by the previous New Democratic Party government in 1974 when the vaeancy rate throughout most of the province Was. * at zero. “Today, apartment vacancies are at their highest level in’ 10 years,” he sdid. “In Vancouver and Victoria vacineles Letters Welcome. The Herald welcomes. Its "readers comments. All letters to the editor of. _ general public interest will be printed. They should, be submitted 48 hours in advance of desired publication date. We. do, however, retain the right to refuse to print letters on grounds of possible libel or bad faste. We may also edit letters for style and length. All letters to be. considered. for ‘publication must be. signed. It is impossible to print-a letter’ \ dublication date. submitted within 24 hours. of desired | He sald . landlords are taking a responsible attitude - towards rent increases as debt servicing charges decline. - The minister said the rent review will now apply only to ‘units renting up to $50.a month. where rent increases exceed 15 per cent. Tenant previously could appeal any! rent” ' increase up to a rental ceiling of $700. Hewitt said the new Residential Tenancy Act he ta bled i in the legislature will simplify procedures for landlords and .lenants by referring disputes to the courts. © . “ Almost one third of the. disputes involve claims for. damages, arid under the new legislation landlords will be required to give a written accounting of thé damage deposit, including compound interest, and details‘of any .. damage claims deducted, he said. “They also will be obliged to return security deposits - within 14 days of the tenancy ending.” | Rent increases -wil] be limited-to once annually and . landlords must continue to-give three months’ written ~ natice, ebcept in the case of mobile. home pads where six” months advance notice of rent increase will be required.” Landlords still will be permilted to evict - tenants who. ; “galige excessive damage or fall to pay their rent. The landlord also will he required to give six. months notice and up to $1,000 for moving expenses ( on mobile home pads.’ There are 40,000 rented mobile home finds in B C.; and _ they. qualify for special - consideration because. of the relatively high - cost associated - with moving to a new © location, Hewltt eaid. . , The minister also disclosd that the regional oifires of the . rentalaman will be closed wit in three months as a restraint) -; measure, and ‘rent review appeals “will be bandled through the Vancouver office. Rent rontrots applied to units ouilt prior to 198 where rent didnot exceed $300. for. a bachelor tr one-bedroom unitorone-bedroom uit, $350 for iio bedrooms or $58 fo for four , bedrooms. At present, the board’s money — at BY4-per-cent interest — |s simply" too cheap, considering the. rates for overnight - loans” among thé banks themselves have been 1 above that - level for weeks, “WAIT FOR SIGNAL. a oe ‘In addition, and perhaps more » inxportanty, economists -_ are waiting for a signal from the board that it ‘won't tolerate too rapid a growth in the U.S. supply of money and credit. ‘The way the theory goes, ‘a surging money . supply eventually would beget a new. surge in inflation. And — leriders would raise rates quickly — thereby’ slowing or ‘even stifling the recovery — by adding an inflation | premium because higher prices would mean their loans avould be repaid in less-valuable doliars, .. So, although the reserve board's raise of its aim é discount. rate Tight have the immediate effect of encouraging banks toraise other rates, such as the prime lending rate, it would also show the board’s. determination to restrain the. long- term growth of available credit. And that could be more - important ip the long run. ~ ‘The Federal - Reserve Board ‘has ales. - apparently tightened its grip, at least slightly, on the money supply. “But that involves less-visible actions. - The entire issue is a complicated, but important one. Economists with widely varying views of many issues are in basic agreement that tight control by the board deepened or even caused — the 1981-82 recession. And they say the Fed’s easing ‘during the second half of last year helped revive the economy. But: enough is enough for. Wall Street lenders and ; investors worrled more about fulure inflation than today's conditions, And their fears are important sincé interest rates thez might ralse could, by. - “most ‘accounts, significantly damage the recovery, DISCUSS RATE . - VOLCKER, AS JS HIS AGENCY'S CASTOM, HAS SAID NOTHING IN’ PUBLIC’ ‘ABOUT. THE DISCOUNT RATE ‘RECENTLY, BUT’ Federal Reserve Board schedules: indicate it has been discussed at numeious meetings involving: the chairman and his six fellow governors. Voleker is scheduled to appear next Thursday before the Senate banking committee, which is expected Lo give easy approval to his reappointment: to a Aecond term by - President Reagan, ‘There has been some speculation he wold ‘be reluctant to: raise the rate just before his appearante — in other words, taking an action that would be sure to draw criticism from’ ; senators who have in the past blamed the depth of the : recession on Volcker’ s monetary policies, Such criticisnr has been muted as. the natidnal recoviiy’ pleked Up speed in the the past few months, But Volcké and. - hig colleagues now are facing the hard choices they kiiéw ..théy would have to face, and it seems s mltkely: the pe Puphorta , controlled by Bill Pj will last. : The disesunt rate was raised to a ‘record 4 per cent ‘in’ 7 May, 1961, as the board sttuggled ‘to slow then-soaring , inflation. by making loans more expensive, : The recession drrived In July of that year, and the rate . begun a long, gradual decline in September, It was brought . * down Telatively rapidly from 2 per tent in July; 1962, to 8% oS -per cent in mid-December, with thie Fed makirig credit leas | ind! expensive as worries’ inereased' that: the. recession Would : “continue to 6 deepen. ; + }° oe 7] seasonally-adjusted ‘annual. rate «’ ity In ather business’ developments ‘Theda ‘furry of new: ‘bullding ‘ activity in May was largely. due to’ last-minute interest in . “the Canadian Homeownership. Stimulation Plan, ‘and the : “drop in the-Jurie rate had. been expected, ~ through the old mark of 25.5 million tonnes last. week. "businesses last year, while its overall losses rose to, $81 the Alberta ‘Energy Resources Conservation “Board to - And ‘they lijed'to take the kids for dinner once or twice « a) year that might ost him $80 extra evel. of. reiivestmen Be ve - In Labrador City; the. ‘Tron: Ore Co. cited con C markets “for its decision. to: Tay. off: the: Workera.: The. - company, ‘Newfoundiand’s: largest priyate employer, fad already put: 900 of: its 2,200: workers in: Labrador City on ss .. ° layott. since thie ‘beginning | of. year. . : we The Bank-of Canada rate inched up: to O51 per ‘cent we from. 9.42 ‘last week, but analysts ‘said the Upward ditt _ 't affect other interest rates, . Sacer by an Alberta government decteions to: give | up. $450 million-in royalties over the next five. years, Syncrude Canada Ltd, is starting a $1. 2-billton éxpansion of its Fort. - McMurray, Alta., oil sands plant, it.was announced. The program ‘is to increase production capacity :to- 130,000 . barrels of synthetic crude oil a day in 1897, 21,000 more than — The Cast container group confirmed it: hes regained “ control of one of two North. Atlantic ships that were _ repossessed by thelr Yogoslavian builder recently at the — helght of the erisis over the shipping line's future. — The Canadian Wheat Board said prairie farmers have smashed a year-old record for exporting arai, The board said farmers’ exports of six major Prairie grains burst — The Federal Business Development Bank sald in ‘Montreal it made 22 per cent fewer loans to small million. - : “< Shell Canada Resources announced tt has: ‘applied to reconsider & sour ‘natural gas pipeline proposal quashed last year because of safety auestions. Budget costly’ _ VICTORIA (CP) — Joe Corisumer is no financial expert, _ but when he heard deails of the B.C, budget Thareday, he .. knew it was going to cost him money. — An average guy, with a wile arid two kids, he works for the government and lives in a two -bedroom: ‘Apartment. He heard‘on the radio that the sales tax will be séve per © cent today instead of six per cent,restaurant meals over $7 will be taxed for the First tine, tobacco tax was-up 25 per ~ ¢ent to 50 cents a pack and long-distance telephone calls now are-taxable.. . The radio reporter: quoted the government ‘as saying ; those increases alone would cost the average family of four. $210 a year. Consumer did some quick calculations and figured he'd be lucky if that was all-it cost him... * He and his. wife smoke two packs‘ of cigarettes a day. They'll pay an additional $9, 25 a year in taxes right there. ? _ month. Nothing fancy, but the bill usually came to $50. Over Then there were ‘telephone calls to his wite’a family’ if - Toronto. They tried to keep them short but the long-distance bill was about-$20 a month — another $17 in- tax a year. On top of that would be the extra one per cent payable on “everything taxable they bought. Consumer couldn't even _ estimate how much that would be. |” ‘He ruminated on the high cost of living as he drove his rusting car home. He'd hoped to buy a small, fuel-efficient car later this year, but with a change in the tax on new cars, this idea was losing its lustre. Before, the $7,000 car would have been taxed at four per cent because -it was fuel efficient, but under the new budget that rate had increased to seven per cent, a difference of. $210. : Consumer thought he could buy the car with the: raise he expected, but that idea was nixed Thursday when: the finance minister sald no general i increases were planned for - cigil servants. Not only that, but 4,000 of the 44 {000 full-time: provincial government jobs would be cut. Consumer ‘hoped he wasn't in that number. . If he lost his job he definitely couldn't buy that first home he and his wife were thinking about, But there again, the ~ - government had made that purctase - . more expensivebycancelling its first-home grant that could have given Consumer anywhere from $1,000 to $2,500, _ SThey’d just have to make do with the apartment fora little - while longer. As a renter, he used to get a little extra at tax time under the renter’s credit, but that went the. way of the home grant on Thursday. To make him more nervous, the lid came off rent controls at midnight Thursday night. . ~ Consumer tried tolook on the bright side, At least his wife and kids are healthy. He hoped they would stay that way because hospital: wer fees will increase Seni:..1. The _Province already charged an extra §7.50°a day over and ~ ‘above medicare for acutecare. In. September, that will increase to $9.50.-Long-term care will go to $)2, 75 from -$11.50; emergency care will: cost $l0a visit |. natead of $4 and day surgery will increase to " from $7. - Damagés demanded TORONTO (CP) — $85 million in damag Financier Leonard Rosenberg wants es front the Ontario government for selzing his two trust companies in January, In a statement of ¢laim filed in Ontario Supreme Court, Rosenberg said he's also secking punitive damages and » . damages ‘for breach of trust falsehood and slander, | ’ negligence, malicious ; The government selzed Crown Co. — controlfed at that time by. Rosenberg — and Seaway - Trust Co: Those fiettis provided third-mortgage financing in _ last year's ' Tore, my controversial $500-millton sale of apartments in Rosenberg. gald. in his statement Thursday that . the government's own. allegations offra damaged the | companies, “ " hare severely Trust Co, ‘Greymac Trust Last fall, Cadillac Fairview Corp! sold th the apértsients for $270 million to Hosehberg's Greymac Creilit Corp. iwhich — -Immediately sold them to Kilderkin.. Investments Lid., ‘ayer, an Elna Ont., businessman.