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Serving rural Saanich, Central Saanich, North Saanich, the Town of Sidney, and the Gulf Islands

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12 PAGES

SIDNEY,

Vancouver Island, B.C.

Wednesday,

July 29, 1970

Subscriptions, in advance, year $4.00;

Copy 10c

percent since the November, 1968

‘percent decline in 1962 and 22

‘An examination of underlying

“might be useful at: this time.

S vestment.

“technical” fluctuations of the:
oe economy and of the stock market
00.

. damental:

-) growing: at about 8 percent per
year, half: of which is due tO: in-

~ one of 'the-30 components of the

~~ called “cyclical blue-chips,”’: its

‘stocks are a different situation,

ticipated by the stock market by’

While he. does not claim

to be an expert, Trevor
C.M. Davis has follewed-
the Stock Market for many
years and made studies of
its operations. In the
following article, written
specially for The Review,

the North Saanich
‘ Alderman, who in private
life: is a consulting

chemical engineer, - gives
an optimistic analysis. of
The Market today.

PNP ANPP TP

BY TREVOR DAVIS
During: the 1969-70 crash, the
average share-price on the. New
York exchange. declined. 38

high, as compared with the 27

percent in 1966. Most investors
are wondering if the bottom has
been seen, or if worse lies ahead.

principles. and circumstances

A common stock must compete:
with alternative types. of in-
Its. market value. at
any moment. reflects its fun-
damental value as a producer of
dividends, and also the effect of

its: desirability: The: -fun-
value. of a share is
essentially the. “present
iscounted value. ot all future
dividends : capital

penis a and stock’ prices ‘are.

flation. :
Considering a typical high
‘quality common. stock, such as.

Dow-Jones industrial index, often

-fundamental. value is relatively
~ uniform, and_ increasing 8 ‘er:
cent each year.

The. kip area 'specdlative

‘and: their « fundamental values
vary widely, ‘depending . on
earnings. performance from
quarter to quarter. .

The most important technical
fluctuation ‘is the four-year
business cycle, which is jdil-

roughly six months. This cycle is
man-made and primarily caused

_ by. the American fiscal practice
of inflating the, money: supply to

“economy, look:
“before: gach
presidential - election This . in-
flation inevitably: © leads ta
catastrophic riSeg in prices,

omake the:
prosperous

wages and “interest rates, So

im mediately after ‘the lection

‘the new administration has to:

deflate the rioney supply, leading
‘to a market-slamp and business:
recession, and then has to re-
inflate it in order to develop some.
prosperity in me for the mid-
term: congressional election.

‘ Peninsula residents. =

~ LAST WEEKEND’ S moist weather is.
bringing’ along the. mushrooms, but
Alf. Williams of 1252 Lands End Road
thinks he has the ‘winner.
“beat. this one?"’ he asks, showing by
ruler that itis a good 14 inches Across.

: “Williams ‘isn’t
“Can you
-be good,” he

" Photo).

As proud a as he i is of his find i ina » wooded
‘area of his waterfront property, Mr.

oversized fungus. “It 'S just too big to.

planning on eating the

says . warily. (Review —

A “dense cloud of black smoke.
lishrooming ‘above. Sidney.

Airport at regular, intervals. has:

| puzzled ‘and. annoyed many.

» North Saanich ‘council

-has~ enquired

text of.a reply mailed-by Mayor >
“J.B. -Cumming to Dr.) Nikola
Pavelic, 577 Ardmore Drive, in
response to-a ‘letter of inquiry:
- Reference is. made to. your
‘letter of July be 1970;
matter of fire practices. at the

and large mushroom clouds. of

the past relating to. the same
subject. This problem owe
discussed: with the. appropriate
authorities at the airport today
and possibly the following in-
“formation will be of assistance in

Two. Subdivision
Plans Rejected —

Subdivision af a LR acre
PO the arpeation on WAL,
cand MED. Jdmiesan was denied by!
Central Saanich counei) oon
Muaday othe. land et wae within
the rural
TAMU jw Operties,

Council also rejected. the ap-

divide property at Wat Stellys
Cross: Road:
subdivision cannot be permitted
without sanitlon. ofa Nultable

Continue do on Page *

SEWwOrade SY SLES,

from 1
‘time to time has received written, _
“complaints, and in consequence ©»
into the cir-
cumstances, The following is the ©

in the

Victoria International Airport.

black smoke. The Municipatity
has received the odd complaint i ine

Was.

ey ala aaling the pres 5 and ens
relating to such. a nuisance |
factor.

care. required. taccarry > out oa

pate ot Landon Old West Road |
Rabe

rea goned for bbacre .

‘plication of D.KO Smith to’ sub-

Twas stated that.

Airport's Old Srnokey
“There are approximately. 25

-firemen employed by the Armed

Forces at the airport. These men

vertain number of crash rescue |
fire: practices during the year to

ensure thatan efficient standard
ig maintained to combat intense :

heat whieh would result from any |

_ unfortunate: aircraft. accident: |-

“occuring in the: airport,” Due. tol
"shift. work,

conduct.
“practice per week.

. the training of personnel in the.
-- use of special fire “fighting

~- alreraft jet fuel JP-4 is used. The

human. lives may. depend. upon

oaghannels.that
sessions be kept toa minimum:

fteis.. “necessary: ‘to
“approximately. one

-

"To generate intensive. heat for .

equipments and combat clothing,

heat is so. great that the. smoke

me » generated rises at a rate of 15,000
.. feet.in- about
dition the weather conditions are

20 second. In ad- -

considered. when planning these
practices 80 that’ any smoke |:

elouds. will travel over federal:
property to Patricia Bay.

“Considering that many
the proficiency of these firemen
in crash: rescue operations
whether on the airport, the Town
of Sidney or the residential area
of North) Saanich, it appears
justifiable that a certain amount
of nuisance must he tolerated by
those living close to the airport.
The Municipality’ has already
requested through. | proper,
these. training:

“and the “Ruisance factor he
reduced to the, townst, level
possible.”

vay Ut

“Thelt of $400 ash, it
sleeping bag and other camping
equipment’ was reported. to
Sidney R.CM.P. on July 22 bya

thy te

Thompson.

tent: -

Galiano resident, Shenandoah»

$400 IN CACHED PACK |
STOLEN FROM HITCHER

The 4, arge “bundle had “been
cached by its owner somewhere
near Pat Bay highway while he
hitchhiked to Victoria forthe day,
Qn his return {ait was gone, Police
are Investig ating. —

Priestman and Keenan

“been ‘given,

In Mpcup

Sewage Disposal
Question Reviewed

Mayor J.B. Cumming of North
Saanich has jumped to the
defence. of the. consulting
engineering firm of Ker,
in the
mix-up over tank. trucking
sewage away. from Deep Cove
School.

He told The Review it was the
Greater - Victoria . Metropolitan
Board. of.. Health, not. the
engineers, that made a ruling
which resulted in the spending of
$250 a month since the school was
built a year ago last April, to haul
effluent away from the grounds.
Last week it was revealed that.
the action was not necessary.

A letter came to light, written’
by senior medical health officer,
DroJ.L.M. Whitbread to school
board chairman, “Mrs. Rubymay
“Parrott. which said” incorrect.
information: on. the subject had

““ ALTERN ATIVES .
-The letter suggested there % may
be Sms meee ae school

‘be installed. a
“The. trucking action was in
‘stituted asa temporary. measure :
only, the letter stated.
>The letter, denied that ; a "ruling
had ever been made that septic
tank effluent must be. disposed of
on the’ occupied. parcel of land.
» Drv Whitbread’s” letter” also
said: “We: are under’ the im-.
pression >that’ consulting.
-engineering ‘firm: did not»carry

colation tests. throughout
whole of the school grounds.”

. ra eee
$4% Million
Spent So Far
Fighting Fires
Cost of fighting forest fires in
Aritish Columbia “amounted” to
$1,828,100 Vast. week -and with
several weeks still remaining: in
the swason, the 1970 expenses now
total: $4,578,100,
Campfire restriclions: imposed
over the past. two weeks have

heiped reduce’ the number: of new
fires ‘anda -moderation in

to the foresters, However,

immediate relief is forecast

week,
Although there were only seven

Forest District ‘ isd fires —

outa thorough series. of per-:” |
ne

lightning avtivity has been a boon

hazards remain high to extreme:
‘inthe Vancouver, Kamloops and
Prince George Districts. and no

“ Kamloops’Forest District: had
82 new fires during the past

new outbreaks in the V anenuver
were

EDITORIAL

Speak Up!

The move of Vancouver Island
Coach Lines Ltd. to abandon all
Saanich Peninsula bus services
has aroused instant reaction as
incredulous as it is resentful.
People ask by what right the
Company may seek to unload its
unprofitable routes and retain the
scheduled services and charter
contracts which presumably are
highly profitable.

It is a goed question, and one
which it will be for the Public
‘Utilities Commission to decide.
Providing . public: bodies and
private ihdividuals respond to the
invitation. to register protests
there is no doubt that. the
Authority will order a public
hearing on the question... :
~ Ts there not a responsibility to
‘the elderly, to those who prefer
‘not to face the intricacies of city
‘traffic, and to the confirmed
-commuter whose patronage was
once so eagerly sought?

~We may fairly question - the
“policy of the operators. in. cur-
tailing schedules. and con-
‘tinually increasing fares. It. is
doubtful whether the alternative
Of: attracting: passengers | by

owhen-

“better services and lower. fares:
‘ has. even. been considered.

Proposal of Vancouver Island Coach Lines Ltd. to
discontinue the Sidney, Deep Cove, West Saanich and
Cordova Bay bus services after September: 15 next has
aroused w idespread protest on the part of community
leaders and the general public:

$100,000 on the three peninsula
routes has been quoted.

Sidney council on Monday was
the first public authority to make

official protest. Letters will be
sent to the. Public Utilities
Commission and -V.1. Coach
Lines.

Alderman Herb Perry asked
whether the Company was also
abandoning its ‘lucrative ser-
vices’ to Air Canada customers. ©

“And over on the B.C. Ferries,”

Ald. Hugh Hollingworth added:

“If they intend to drop all these
lines, then we can expect some |
other service to come in,’ said

_Alderman. Perry, But. if the
lucrative services’ are ‘continued ©

perhaps they could give Sidney at.
least a morning and evening run

‘to and from ; Victoria.

Acting- Mayor ‘Wilkie Gardner.

- Said that the bus services are the

only means of transport. for many
senior. citizens and young People
in: the area.”

For. many ‘years the operating -

haa
cof. “public transportation |
: ‘threatened with, extinction.

even’ if some form of subsidy is

suf fering public. we

‘number ot jitney services,”
“Now the private - ‘automobi le is 1:

y supreme and the very. last form. “$i
is’

By. some means or another,

“ the only way, our bus and express
services must: be maintained. It
‘is to be hoped that the Public.
Utilities; Commission will be

“Abandont
“the end on ‘public tra
_Sportation | -and- sven parcel

“and outlying ‘rural areas.
“The services have been 1

“seems that: people. prefer to use -
their: private cars, and. that. bus:
services. are ‘no. more, than a
ostandby,’’” said Jack - Thomas,
deputy: to” Coach Lines general -:
‘manager © Robert.

inundated with the protests of the

‘Estimate of (a: yearly loss of

burning.

Sidney. | (Review: Photo}.

TOS . FAR REMOVED FRC

is Ay Bat MUNSON.

The andorms nave been
Chadves are clharaing th i

y oredifed and the ayhievervent
he fines fut-traditional: fresh

faced Girl Guide enthusiasm is stronger than ever, as the

IPG ae han peed Lindy &
a) perk
Dalle nage were giled hid

AUT AT ble LOR O TICLE Last:

yearend the cayyp tlaggole a6 aa

“iaitors from aeross Canadioinelading treckletaced soung-

Guides and slignila more
thembely ex:
_ " “HN a PEA awe fy A:

if ada ‘
plement British

the
Varetugr.

Braser. Valles.

exped itLans airarezed bey
Gunde headquarters and for many g us iene ded the
Cahambia.
Peainala last Tharsdac thes fad thee
totarend
After thelr thresaday stay

be gee bgt bo ecbin Vea we
per nated Panay Ye. baral

into the cheerful whirl of Chay Karate)”

Shera AE as Leer pi ie teed arith :

proving Gah une ssa
at Lest
Pefore APS AT whe

hashed at favaredate te
edganried
Ce Oh an
oa)

ari
iene s

ms ;
UM Phas hy

coh

Lid

Saameh Guide divinian th
Crversaty of dae
Kinwswond Camp the loca

hnished the tour

“ v

up at :

Vide and Browne sarmiper

SLAIN PUR Grounds near the western shore af RK Lake. had a
ovcicennngs committee a an adiirbs and tant leaders, under

Thee 8g Pee VEEN GH

Mrs
ae omnes SSLANEP

awd detauls ob hospatalits had been overkwked.
burthdas
ges. aye oa, of North Hatleturd. Saskatchewan

Uproar at
" mit ay fie
ie rept Tesaderd qaus dised iooy tye
waerkings widn the owoume,
masskianer Yor Satake Drewes
Was aren:
of Jeacders vs barn rar gre
Whe chattering shorteachad
any hot beecied alk wean

J

Super

ay Mange

Jean Taldock si

sanich Dataler

Arnidst the .
giike abs s presentiat fen ;

4 ne pitas Ww ne ARR ER Elen fae

Irene Mt hie Distrien Cony
Guides Sidney ta Cordova

re

sales Sat fhe rien erent is ary the me rease bad toek

wih
RaTTS, Wael af them Wearing wi
verre ered eon eterrp epee fae

removed tron. the jeank: ain
va heere thee laid apes ; a oy)
yent oa usifor med offiead
atecdhver t
Grade: i
pris

‘he Gute ede il

Bach Guide or Ranger had tin rida

il- baring Wary wet. In Kelowna,
the bua in baweltering degree
soproaened te ask Curlously

ere at organ zed group. (in being told it was a

Weil, at Anant Vow tho lod fike

Ta bende in opiber

tv bes age pted for the Leip. Bom te Crew EULA Don and

earner all rhe wa trop Wet Careuans

with the Canadian Armed
he crad Finite are eae (bee

threw vaare: She said that aithough CAP,

ahere her dather |
Forces in Haden Baden.’ ‘Dark.
abot her frat eel ba Canada dn

children allend a”

gpeelat senoal, there ia a lot af musing for apart arid soe

evens saith the Gerrrian sehoobs niarhy.*

fhe Gorn Vigduae. su

Tova at the Crile ate hrotty

Badscared fs Wa eal

‘YL rethtong okayin
ad Rorste modeeativs:
the Yukoou and Gad from Prince

AGE TUR Pree pricelt ed the pracincis vee

a aa x

yes lag iy
aDHULEN ni ;

SEVE IAL DAYS af! campsite preparation ¥ were put in by thuse
four Sidney: Guides who smile amid the duffle bags belonging to
42 visitors lo Camp Karousel at Kingswood Guide Camp. ‘Getting
~ acquainted at the start ofa busy. three-day program are, from.
“left, Betty and Kathie Me of Sidney, Carole Rasthrooks: from
NeW Brunswick, - Wendy’ Kendall, Sidney, Bonnie Gerows a
Canadian’: Guide “fram West. Germany. and Laurie: fangtrys

costs of operation are causing

‘company has, held the sole

“money: for a very long time; vith

Horner, .

RISING COSTS
“He said that the inflationary
pressures» which are hitting
everyone have forced the issue to
a critical stage, because ‘rising.

increasing operational losses.
“If we raise fares we lose ©
money that way; people only cut
their usage of the service,” said -
Mr. Thomas. ‘While: “the <
population’ is growing, so is the
number of private cars.”
The West Saanich bus service -
with a total. number of. 2,025
passengers - carried ‘in’ ‘June is.
down 31.22 per cent. ‘compared -
. with June of: 1969. (frequency of.
- the service) was ‘cut in. ins
period. ye
Cordova Bay traffic’ ‘grossing
‘only $420a ‘month has i in the same:
“period declined: 8. 04 per cent, ‘but,
acknowledged Mr. . ;

vice

‘outes ‘operating. in: British’
, Columbia without suey in one :

“Thomas. eg
The” ‘municipal ‘councils | of
Saanich, Central Saanich, Sidney

and North Saanich have been.

‘given notice of the intention to- :

withdraw. the services... °°.
oe LAMENTABLE LOSS |
“This would be a lamentable |
“loss to the community, said North»
‘Saanich Mayor. J.B. Cumming.
“There are ‘too -many : people.
entirely ‘relying (on: ‘bus tran
“sportation; particularly the.
elderly who cannot. drive,’ oo.

“Some action could, and must.
‘be taken to preserve e the Saanich”.
‘Peninsula | Services,” said the ©
Mayor,

‘Central § Saanich | Mayor’ AMY
Galbraith was equally sephatle:
“This is a matter of the greatest:
concern; once again it is the
elderly. who cannot drive a. car:
and the people with fixed incomes
who will feel the pinch if this ©
‘Should come:about,” he stated.”
>There are some who drive.
their cars locally, but are not too:
nelined” to. buck wity: ‘traffic. |
‘Cutting the bus service cold add

‘conwestion, he suggested’
. RXPANSION NEEDED |
Saanich Chamber of Commerce,

ot communications.
“Confinued on Page +

materially to: downtown, traflie

“The bus. service to: Sidney
‘should be expanded. rather Uian’
discontinued," sald Len Siver,
president of Sidney: and: ‘North.

He is calling -a meeting ‘of the —
‘executive to deal with the crisia

)M THE JEANS-AND-HANGING-HAIR SET |

evident in heal: time introductions where the clear twang of

, > Ontario pirls contrasted with the soft-valeed BC

Guides ard

the mature accents of some from Quebec. Most i Tal CRUE
were surprised By the mid-signmer heat and. all were ine
irigued by the selrmon-bake al Sooke and a vient to. Bitchart:.
Gardens on the Vancouver stand three-day program.
Gulding hae moved with the timec eanty vases o94, the
requirements for Laundress Badge started out with “Take a
boiler, Gl vath water and place on the stove..." Now, girly:
have. to operate automatic washers and dryers and know

oi hes

‘ Pe Ps Hot 1
SPRL gat todd kh Fah ky wit Weed pond aa dabe

Cooking badge requirements include. modern day rines

‘and new tests win crests for mineral collecting, backyand

NTL ahd whl Le conmervalion, Within:
Sit 3
Ped auch bbe bay fies: WU geek ney atl, Sather tenn

rrsanhan ve

sincliding

»Pontinaed wt Page 3

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