years at the restaurant. NEWS photo Nel! Lucente NO MORE tea and crumpets for Inga Schroeder. The owner of the popular Maxim’s restaurant in Lynu Vezlley Centre is retiring after 14 Hydro forum to forecast growth B.C. HYDRO has completed plans for its first annual electrica] energy forum to discuss forecasts and alternatives for meeting future load growth. The forum, co-sponsored by the provincial Ministry of Energy, Mines and Petroleum Resources, was held at the Delta River Inn in Richmond recently and gave Hydro an opportunity to consult with customers and others inter- ested in efficient energy use and nea-utility supply. The focus over the two days was on demand-side management, where a utility works with its cus- tomers to encourage more efficient use of electricity, and on parallel generation, where independent power producers coordinate and sell energy to the utility. Among the speakers were Hydro chairman Larry Bell, provincial Energy Minister Jack Davis, and Amory Lovins, director of research at the Rocky Mountain Institute. Ralph Cavanagh, Nor- thwest Energy project director for the Natural Resources Defence Council, and a leading spokesman for the environmental position in - the U.S. Pacific Northwest, also attended. Conrad Guelke, Hydro’s man- ager of corporate pianning and review and organizer of the con- ference, said the forum was a vehicle for consultation to enable Hydro to obtain input while resource plans are still in the for- mative stages. ‘‘The forum reflects Hydro’s new direction and initia- tives designed to postpone the con- Struction of traditional, high-cost generating facilities,’ he said. Added Larry Beil: ‘Efficiency dictates that we consider the three-C’s — conservation, cogeneration, and coordination.”’ According to Hydro’s 20-year Tesource plan, 21 different demand-side management pro- grams have been identified, some of which are already underway. $7.5 million has been approved for the programs in the 1988/1989 budget. The energy forum is viewed by Hydro as a means of expressing its plans to the public and receiving feedback on issues which affect all customers. Hydro intends to hold simitar forums on related topics on an annual basis. ADVANCE TO BOARDWALK Don’t take a chance when you're buying or selling preperty. Talk to Robert Musto or Doug (rowford, our real estate team. They'll explain all the fine print and give you the benefit of their wide experience in the field. What's more, they'll do it for o fair ond reasonable fee. For a free consultation on these BRADBROOKE CRAWFORD BUSINESS INSURANCE BACKING Proposed new federal bill would guarantee credit union deposit FINANCE AND Corporate Rela- tions Minister Mel Couvelier has introduced legislation which pro- vides, for the first time, gov- ernment backing of insurance for deposits and non-equity shares held by British Columbia’s credit unions — up to a maximum of $100,000 per deposit. The Credit Union Amendment Act also in- creases the public accountability of the Credit Union Deposit In- surance Corporation (CUDIC). “The government wants to make it clear that we now stand behind the guarantee of money on deposit in British Columbia's credit unions — up to the $100,000 limit per de- posit,’ said Couvelier. The legislation provides for gov- ernment guarantees of CUDIC borrowing in the event CUDIC ever requires additional funds to pay-out depositors. It also clarifies the provision which allows gov- ernment inspection of CUDIC’s operations and requires annual reporting by CUDIC to the Legislature. “This initiative demonstrates our confidence in and commitment to the credit union movement in our province. Credit unions are an important, locally-based compo- nent of our provincial financial sector. The measures announced will help our credit unions con- tinue to grow and prosper in the coming years,’’ added the minister. The $100,000 limit provides pro- tection for the majority of depos- itors. For example, coverage for a couple with two individual ac- counts, a joint account and two registered retirement savings plans, in the same credit union would be up to $500,000. The $100,000 limit also gives credit unions an additional incen- tive to continue to operate prudently in order to attract large depositors. While encouraging fi- nancial institutions to be self- regulating, the government is also encouraging sophisticated depos- itors to carefully evaluate the in- stitutions in which their money is held. Prior to this announcement CUDIC gave term depositors an NATIONA Lo Narth Vancuuses 1407 Lonsdale Ave. Burnaby Brentwood Sh, Ctr, §283667 Lougneed Hay. 297 988% West Vancouver Park Royal Sh. Cu. 25 - Wednesday, August 17 — North Shore News unlimited insurance guarantee. Provided CUDIC can pay any claims, that guarantee remains in place until the current term ex- pires, up to a maximum of five years. “With the provincial gov- ernment’s commitment of support, deposit insurance provided by CUDIC is in every way equal to or better than the deposit insurance coverage provided by the Canada Deposit Insurance Corporation,” said Couvelier. Bill 47 increases CUDIC’s board size from five to a maximum of seven members. It provides for an appointed chairman, limits members’ terms to three years and sets the maximum years of service on the board at six. The amendment also gives CUDIC more flexibility in its role by permitting CUDIC to buy equi- ty shares in credit unions as a way of providing financial assisiance and by ensuring orders or other actions by CUDIC remain in effect during an appeal. RA . AUGUST, 1988 Now that’s good news! Once again, National Trust is meeting your needs with No-Charge Chequing. You'll get full banking services and: © No minimum balance required for free chequing © No charge or limit on cheques written * No monthly fee for benefits you don't use ® No minimum monthly charges ¢ No-fee MasterCard * No strings attached So if you're tired of paying bank chequing charges, switch to National Trust’s Chequing / Savings Account.” You'll get our full, frigndly service and NO charge chequing. 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