ECOND SECTION—=—=

BERRACE “OMINECA" ‘HERALD . ~ .

ednesday, November 30, 1966 De Baga

Two B.C. firms hove
440,000 to supply conductor
#8,000-volt transmission line

central British Columbia:
<. Hydro awarded $220,000
acts to Canada Wire and
je Co, Ltd, and Aluminum
pany of Canada Ltd. ta supply
ductor that will link the new
ena Substation near Terrace
the B.C. Molybdenum mining
‘ation at Alice’ Arm, *

in 1956 the Honourable Walter
artis, who wag then Minister of
nance in the Liberal government,
Nnounced that interest rates for
-H.A. motigages would have to
Bie increased and that the reason
for the increase was that it would

aeacttract more money from private

mcources, like insurance compan-
fies; into the home building sphere,
ae in other words if the govern-
tent made it profitable enough in

amg 2956 then more money would be
mem available and more homes .would
Save built and more people would

be happier and more taxes would

Bebe paid and more people would
gembave to pay more money to get a
mem houst built, — :
m ‘Ten years later in 1966, the
me Honourable John Nicholson, Min-
mister of Labour in the Liberal gov
yemmment, announced that interest
rates for N.HLA. mortgages would
have to be increased and~that the

: mreason for the increase Was that it A
mee Would attract more money from

private sources etc, ete. and blah,

. The recent announcement by
Re the government meang simply that
mmm it has no plans, short or long
marange, to cope with the matter of

steadily increasing interest Tates. | .

BThe only reaction to the plight of

People who cannot’ Set mortgage
Emoney is for the government. to
grave in to the demand by insur.
gance companies and the Uke for
miigher interest rates.

# You, the praspective Sorrower, 5277

re the éne who is caught in the
eiseeze. At 74 per cent, the new
me: a 30-year $15,000.00 mortgage
: ee you paying back the orig.
15,000.00 plus an additional.
21,800.00 in interest: ‘That's right

bu. borrow $15,000.00 and “pay|h

ck* $36,800.00 oe
‘he result of all this’ usury
fee that insurance companies will
meeake profit, the Liberal Party will
aecve an easier time collecting
mempaign funds from insurance.
ae'Mpanies, and It will all come
matt of your Pocket! =, vee
m There are two or three things
mmiich the government could have
mace to make things easier for the
eee owner, It could remove the 11,
mar cent sales tax on building mat-
meals and maybe home building.
meets would come down by 11. per
Sent, It could provide more nwney
Hy through CMELC. (a ‘gav-
nent agency) for. mortgage

ses and at reasonable in

ference between . those: reason.
rates and the éxhorbitent
charged by private lenders.

ermment could have done | earlier period,

eat rates in 1956 andthe time that

received contracts totalling
for a new _ 92-mile-long,

linking Terrace and Alice Arm|: fam

cessfully bid last summer on a
$600,000 contract to }
towers {to support the conductor
for the new transmission line,
Meanwhile, B.C. Hydro has invit-
ed tenders on a- contract to con-

struct the first 72 miles of the|

new line between the’ Skeena
Substation and the Ness River.
Bids on the. contract will be re
celved at B.C. Hydro's Head office
in Vancouver by noon, Tuesday,
December 6. ; .
The contract will be awarded
after Hydro engineers have studied
the bids. Construction work is
scheduled to start early next year.
‘Bids on a second ‘contract to
construct the remaining 20 miles
of transmission: Hne between the
Nass River and Alice Arm will be
invited carly next spring. | -
The new line will be energized
next October with power purchas-
ed by B.C. Hydro from Alcan’s
Kitimat power facilities.
The transmission lne will be
built to 138,000-volt standards but

will be initially energized at]

60,000-volts,

Bingo Planned -
For Arena Fund

Plans are afoot for a Monster
Bingo to be held sometime in mid-
December, with proceeds going to
the Terrace Arena Association.

- Final touches were put to the
Proposal at a special meeting of
the Arena Association held Tues-
day ‘evening in’ the . Community
Centre, New president

sociation, J. “Warner was in the
chair forthe extraordinary meet:
ing and membership turnout is je
ported to have been very good,

The bingo will ‘include generous
door prizes, a $500 jackpot and
humerous ‘tutkeys in time for the
Christmas dinner table. Date will
be announced later, ;

Also finalized Tuesday night,
were plans to ereet a temporary
outdoor skating rink for the eur:
Tent season. The work will be un-
dertaken by Ed. Stanick and Cee
enew on a. voluntary basis, i is

not known when the rink construe. | --

tion is due to
what stte has
its location.

get underway or

ic
from treasurer

Reece
Nobody inherits TB, Healthy

People are infected by -someone |:

who has it. Prevention depends on
finding those with — the disease,
before it spreads to others, You
elp pay for operation doorstep

when you buy and use TB Christ.
mas Seals, So

these things or combinations of
them if it re

with the welldei

adian-

Harris raised: inter.
the Honourable . John’ Nicholson

Supply 525,

of the as-|

been selected for |

and othet: prevention Programe} .

DETERMINED LOSERS — Al-
through the Versailles treaty of
World War I prohibited Germany
from producing powered  air-
planes, it did not completely frus-
trate the defeated country’s inter-
est in aviation. German éngineers
soon invented the first real sail-
Plane. This craft, which made
sensational flights in 1922, was

called the “Vampyre.”

: RECCRD
i
.

raised'them in 1968 it was obvious oo

that the Liberals

GOODYEARSU REGRIPS give you “go” power inmud and snaw. Builtwith 3-Tgipte-tempered
cord, plusa Tufsyn rubber tread ta give extra seasons of trouble-frea service. For exwa grip on ice,
metal studs can be installed inthis tira if required, Buy now —hefore it snows! :

PECIAL!

This collector's album &
fo. 6, was produced §
exclusively for Good-
yeer by Columbia, 22
Christmas selections I
by 13 famous record-
ing artists suchas Bing f
Crosby. and Barbra
Streisand. Finest me

SLATED CERTAINLY to be one of the biggest crowd. °
catchers at the Fair, the USSR Pavilion will be’ a striking
structure. One of the largest of the international entries,

‘the Soviet Pavilion will contain 160,000 square feet of

exhibition area — all to be encased within glass walls.

_ These walls will be suspended from a sweeping cantilevered

roof that has an averall area itself of 100,000 square feet’
——. large enough, it has been estimated, to accomodate

1,000 cars.

775/14
TUBELESS

SURE GRIP
BLACKWALL
With your'old tires

NO LIMIT LIFETIME GUARANTE

LAR Hen WALUE

ae) OR Led
mSTEREO

SERVICE LTD.
md ad Phones: V13-2811, Vi3-5468
4008 Highway 16 W. Torace, BO

IRE