"Native carver Frieda Diesing, standing next to a self-portrait mask, Is one

of several focal artists who contributed to the Terrace Art Gallary’
anniversary exhibit that began last weekend. ry's fifth

New disability plan

TERRACE — Recent trends
toward self-employment in a
variety of industries have
prompted a new national in-
surance company to begin
operations in Terrace.

Glacier National Life Assur-
ance representatives Roger Wif-

fen and Leo O’Donnell are of-.

fering a flexible package of dis-
ability benefits at lower pre-
mium prices, more extensive
coverage and higher benefit
rates than Workers’ Compensa-
tion for the self-employed.
Wiffen says the plan is direct-
ed toward loggers, truckers,
building trades contractors and

other businessmen in hazardous
occupations. He said disability
coverage is available on a
24-hour basis, with loss-of-
income ' benefits, additional
benefits during periods of
hospitalization, and a one-year
income program for surviving
spouses in the event of death.

According to Wiffen Glacier
National Life is the only com-
pany in Canada to offer this
type of program.

Further information is
available from Roger Wiffen at
635-4378 or Leo O’Donnell at
635-9151.

Flow-through shareS — continued from page 1

Northwest during the 1980s,
and several major discoveries
are now on the verge of produc-
tion. But federal Finance Minis-
ter Michael Wilson is about to
pull the plug on the main source
of capital that allowed those
discoveries to be developed.
Skeena MP Jim Fulton was
present at a March | meeting of
the Canadian Save the Flow-
Through Commitiee in Ottawa,
who pitched their case for
preserving the flow-through
system to Energy Minister Mar-
cel Masse, Liberal finance critic
Raymond Garneau and New
Democrat party leader Ed
Broadbent. Fulton said despite
the fact that flow-throughs have
injected $500 million directly in-
to the B.C. economy since they
were introduced, he and Smi-
thers mayor Brian Northup were
the only B.C. representatives at
the meeting, while both Ontario
and Quebec had substantial
delegations from both govern-
ment and industry. “It was em-
barassing,’’ he remarked.
Fulton said Northup present-
ed a study done by a Vancouver
consulting firm that indicated
Smithers alone has seen $27
million come into ‘its economy
that can be directly attributed to
flow-through capital. ‘‘I think it
’ would be fair to say that Terrace

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Terrace Honda Sales

is comparable to Smithers in
that respect,” Fulton said.

The rationale behind Wilson’s
intent to cancel flow-throughs is
the federal treasury’s loss of
about $2 billion in foregone
revenue from the tax breaks
since 1983. Fulton points out,
however, that the recovery fac-
tor from taxes on the sales of
goods and in incomes taxes
against wages earned from the
activity generated by flow-
through capital substantially
offset that loss, and there are
also savings to the federal
treasury by putting people to
work who might otherwise be
collecting unemployment in-
surance.

Newhawk Gold is on the verge
of production at its major gold
discovery on the Sulphurettes
property near Stewart. New-
hawk president Don McLeod
said flow-through financing had
been critical in the initial
development stages. “Without
flow-through shares, the
Sulphurettes would never have
happened,”' he said.

Michael Wilson has indicated
that the recent slow-down in de-
mand for flow-through shares is
a sign that their usefulness is
coming to an end, but McLeod
termed that argument ‘“‘ridicu-
lous’’.

599°? own O.A.C.

a os Can make your dream come true:
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Once in a lifetime offer expires March 31, 1988
Call or drop in today as supplies are limited
The best cars for better values

| Final week schedule “Antarctic
‘for Music Festival . near

_ Wednesday, March 16 — R.E.M. Lee Theatre: 9:30 - ll am. —
Beethoven, Gr. 2- 6; 1:30- 3:30 p.m. — Sonatinas, Gr, 5-8; 8 -9;30
p.m. — French Impressionists, Gr. 7 - Open. Pentecostal Church:
0:30 - ll a.m. — Sonatinas, Gr. 3 - 4; 1 - 4 p.m, — Conservatory
Classes, Gr. 1 - 3, 7 - 9 p.m. — Conservatory Classes, Gr. 4 - 6.
Caledonia School: | - 3 p.m. — Instrumental, Intermediate - Open.
7 - 8:30 p.m. — Instrumental Sonatas, 15 yrs. - Mature.

Thursday, March 17 — Pentecostal Church: 9 - 12 noon —
Mozart, Haydn, Gr. 1 - 9; 1:30-3:30 p.m, — Conservatory Classes,
Gr. 7 - Mature. R.E.M. Lee Theatre: 9:30 - 11 a.m. — Elementary
Recorder, Flute, Trombone; 1 - 4 p.m. — 20th Century Composers;
7 - 8:30 p.m. — Sonata, Age 12- Open; Veritas: 9 - 11:30 a.m. —
Ballet, Age 7 - 12; 1 - 3 p.m. — Classical Solo, Duets, Group.
Caledonia School: 7 - 9 p.m. — Saxophone, Tuba, Concerto. .

Friday, March 18 — Pentecostal Church: 9:30 - 12 noon —
Pianoforte, Age 7 - 11; 1:30 - 3 p.m. — Piano Quick Study, Gr. 3
-10;3 - 4 p.m. — Sight Reading Workshop - Piano. R.E.M. Lee
Theatre: 9:30 - 11:30 a.m. — Piano Duets, Concerto, Age 12
-Open. Caledonia School: 9:30 - 11:30 a.m. — Woodwind & Brass,
Duets, Trios, Ensembles. Veritas School: 9 - 11:30 a.m. — Ballet,
Demi-Charactere, Age 7 - Open; | - 2:30 p.m. — Jazz, Folk Dance,
Age 8 - Open.

Friday, March 18 — Scholarship Competition: Northern Drugs.

Scholarship — $1,000, Knights of Columbus -- $500, Terrace
Water Polo — $250. 8 p.m., R.E.M. Lee Theatre.

Saturday, March 19 — GALA PERFORMANCE; 8 p.m.,
R.E.M. Lee Theatre — Adults $5, Children (12 and under) $3.

Editorial —

yet another tax retreat for the
wealthy, are now firmly
supporting them.

continued from page 4

Wilson’s arguments for elimi-
nating flow-throughs are ¢x-
tremely feeble: the loss to the
treasury through foregone rev-
enue is almost certainly made up
by taxes on goods and wages

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Honda CRX Si

‘“‘They (the government) don’t
understand exploration and de-
velopment,’? McLeod contin-
ued. ‘Mines are made, not
found. It takes years and mil-
lions of dollars to understand an
ore body. It reallyy irks me when
they call this a ‘tax loophole’.
They’ve got it all backwards.”

McLeod said Newhawk and
other companies who are in the
latter stages of developing their
mines will not be affected by the
withdrawal of flow-throughs be-
cause they have established re-
serves and consequently don’t
have any difficulty raising
money against those reserves.
The risk is gone.

Companies in the initial stages
of exploration, however, are go-
ing to be hurt. ‘‘For those who
don’t have proven reserves, this
is definitely going to slow things
down substantially,” McLeod
said.

Jim Fulton expects that slow-
down to be felt in the Northwest
this coming summer if the gov-
ernment goes ahead with its in-
tentions. In addition to other
difficulties, he expects the values

of junior mining stock to plum-.

met. ‘“‘There’s going to be a fire
sale,’’ he predicted.

“The question is, where is the |

risk money going to come from
after this?’’ he said.
Pal

635-6571 638-3171

4842 Highway 16, Terrace, B.C.

generated by the economic activ-

ity that flow-throughs stimulate. .

Perhaps it would be instructive
to determine who would benefit
from the elimination of flow-°
throughs.

If their elimination would
result in the devaluation of
junior mining stocks - a ‘‘fire
sale’, as Skeena MP Jim Fulton
puts it - it appears to be an op-
portunity for the senior mining
companies -the big boys on Bay
Street - to pick up a lot of pro-
perty value at a very low price.

Do we perceive a bit of
behind-the-scenes arm-twisting
here?

Police
building —
continued from page 1

deciding vote, giving the
building one last chance.

Council has been under
pressure by property owner
Heinz Lehmann to either
remove the building from’ the
property, or from the list of
heritage buildings, so it can be
destroyed and the owner can sell
the land.

, a)
ws

FN

"MIRROR, MIRROR

a National Film Board -

ne ABORTION
 $tories from North and South
Wednesday, March 23

FIREWORDS
~ Thursday, March 24
THIN DREAMS 7
_/. FIRST TAKE DOUBLE TAKE
cvcss CHILDREN OF WAR
Friday, March 25

TERRACE PUBLIC LIBRARY BASEMENT
Free Admission ;

Co-sponsored by the Terrace Women’s Resource Centre Society |

Gareth Wood, the British Col-
umbian explorer who is the first
human to reach the South Pole
on foot, will appear at the
R.E.M. Lee Theatre Sunday
evening, March 20 at 7:30 p.m.
to recreate his epic, 11-month
trek in an audio-visual presenta-
tion that has been called one of —
the -great. adventare stories of
our time. Tickets are available at
Erwin Jewellers and All Season |
Sports, $10 for adults and $6 for
students and seniors.

| om a
~Vetone!

ine

Alma Joachim 638-1204

Wightman & Seth
Faaty Ud.
322? Katum Si,
Tenace, 8.0.
YEG 2M2

ae
Finn
Larsen

Home: 638-1377
Office: 635-6361

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