November 26, 1997      EXPRESS   Page 3

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                                                                                                                                                                       HOME          ACCENTS              - FURNISHINGS•     GIFTWARE
       Cheques in the mail!                                                                                            522     VICTORIA                                               n1        Josq,l1me St. 'Nel.ott
Canada Post workers went out on strike last week,                                                                            354-1200                                                                        JSl-6811
but the labor dispute didn't prevent social assistance
and government pension cheques from being deliv-
ered. Above, Nelson postal worker Garry Ryan sorts
                                                                                                                  •••••••
through a bundle of cheques prior to delivery. The
Canadian Union of Postal Workers said that regard-
less of how long the strike continued, social assis-
                                                                                  CANADA'S
                                                                                        BEST
                                                                                           ...
                                                                                                                                                                                                                     (\
tance and government pension cheques would be
delivered on schedule.


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    NAKUSP - The Columbia Basin Trust is looking for               max pcriphl'ral vision.Hood mov,s ol:i'lynu move.

 ways to invest $6 million.
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    Last week the Trust put out its first request for invesl-     44(1(',on,-Ti:,,c
                                                                               fabric® shooldcs (whcn-
men\ proposals for well-researched opportunities in solid
 local businesses and attractive real estate proposals.
                                                                   ::t~;:;:;:~t!~;~~::.:~
   "In this first call for proposals, our goal is to be able lo                                                                                                                                                EXCLUSIVELY
make commitments to invest up to $6 million of the
Trust's capital in the basin by March 31, 1998," said Josh
 Smienk, chairperson of the Trust.
   "Subsequent proposal calls, which we expect to issue at
                                                                   Arliculatcdl'lbowandhigh
                                                                   motility shoulder provide
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 least annually, will allow for additional investments of          non-reslridingmovement
 the Trust's capital in the region."
   Smienk said the $45 million in legacy capital which is
 managed by the Trust on behalf of the residents of the
 Basin has, until now, been invested outside the region.                                                                                                                 \'NS11hlctwowayCro11t.apperupcoslup10
                                                                                                                                                                         bottomdnd bottomlo kip for extra ventini;
    "As set out in the Columbia Basin Management Plan,                                                                                                                   aodeasyitOO"sstop.:inlpod.ets.
 the Trust's goal is to bring this investment capital inside      TwoUpperMeshPncket.~also
                                                                  St:rveotSdiestVents.
the Basin primarily to earn a return for the Trust's spend-
 ing program, but also to stimulate the economy and create         lnsidewater-bottlepocUt
jobs," said Smienk.                                                lopn.'VClltf=ing.
   "By putting out this request for investment proposals we                                                                                                               Autn-ad~tshockrorda!ht.-mallowsone
                                                                                                                                                                          hlll'ldad,Ustmcnl<i.
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will be able to indentify and evaluate opportunities and          Surc-Grip:t.ippa-pullsa,ee.tr.abig                                                                                wai:,t.K,.!eps
                                                                                                                                                                         t'l.lSIICW.'d           snowand wmd ool.
get these investments on the ground as soon as possible."         lmeasyacre;.s,evenwithm1U5.
   Nelson-Creston MLA Corky Evans, the provincial cabi-
net minister responsible for the Trust, said the initiative
reflects the long-term benefits of the Columbia River
Treaty.
                                                                                  NELSON'SBEST...
   "The vision of bringing back to the region a share of the
 wealth generated by the construction of dams under the
Columbia River Treaty is now being recognized," said
 Evans.
   "The Trust is now effectively working to deliver invest-
                                                                                                       OWPACK
                                                                                                         OUTDOOR                   EXPERIENCES                   L TO
                                                                                                                                                                                     333 Baker Street,
                                                                                                                                                                                          Nelson
 ment and spending programs which will bring social,
economic and environmental benefits to the residents of
                                                                                                       Quality         Outdoor            Gear Since           1978                          352-6411
the Basin. Secure investments are important to the Trust,
since the income earned provides the funding for its
spending programs."
    William Wallace, chief financial office for the Trust,
said investment opportunities which fit well together in a
regional investment portfolio are a top priority.
   "Each proposal will be tested against the Plan's princi-
ples, and first consideration         will be given to well-
researched investment opportunities which address these
principles, have strong business plans and the highest
potential for earning income," said Wallace.
   "Each proposal, after taking the co-owners' and lenders'
capital into account, is expected to range in size from $3-
$17 million. Co-owners must at least match the Trust's
capital investment."
  Wallace added that interested parties should be aware
that this first call is a "fast-track" process, suitable only
for fully-developed business and real estate projects with
key third party commitments in place.