bee we A4- Wednesday, Oct. 14, 1981 - North Shore News CAIRO, Egypt - Two bombs sent from Libya ripped through Cairo airport Tuesday as Egyptians’ voted to elect Hosni Mubarak as the successor to slain President Anwar Sadat. An Interior Ministry said the airport bombs injured three policemen and a workman and had been meant to take a much higher toll. In other electién’ day violence, police captured five Moslem extremists in a shootout near the WARSAW, Poland - Solidarity chapters in scattered parts of Poland ignored a strike moratorium appeal by the union's leaders Tuesday and went ahead with walkouts or protests, mainly over food shor- tages. At the same time, the union’s executive presidium said it had proposed Thursday as a starting date for talks with the government over food shortages and price reform. The union presidium Monday set a deadline of WINNIPEG - Con- servative Premier Sterling Lyon Tuesday dissolved the Manitoba Legislature and scheduled a provincial election for Nov. 17. Lyon, making’ the announcement at a news conference, said ho would campaign on his four-year-old govern- ment’s economic record and seck a mandate to proceed with major economic projects still under negotiation. But the Manitoba premicr, considered onc MEMPHIS. Tenn. Fivis Presicy was a drug addict and received “staggcring amounts” of drugs from Dr. George Nichopoulos, a state prosccutor charged today. “You are going to learn that Mr Presicy had a grave problem with thesac drugs.” prosecutor Jewitt Miller told a criminal court jury trying Nichopoulos on 14 counts of overprescribing drugs to the rock ‘n’ roll king and others. By UNITED PRESS CANADA Bombs damage Cairo airport @ & @ Pyramids and said all were involved in last week's uprising in the southern city of Asyut, in which 53 people - im- cluding 44 policemen - were killed. Security - fatefully lacking on the day Sadat was shot - was extremely tight as Egypt's 12 million voters went to 26,000 places across the nation to answer “yes” or “no” to the question, “Do you elect Hosni Mubarak as president of the republic?” Poles strike despite appeals Oct. 22 for “satisfactory” results from such talks. Otherwise, the union's full 107-member national commission will at that time decide on nation- wide protests or strikes. The presidium also called for a moratorium on local strikes or protest actions until after she national commission meeting. ° “Some regions, after the presidium appeal, decided to call off protests, but others went ahead with them,” a union spokesman in Gdansk said. Manitoba premier calls election of the hard-liners among provincial leaders, said he would continuc his participation in the constitutional discussions with the federal govern- ment. Standings in the 57-seat legislature at dissolution were 32 Conservatives, 20 New Democrats, 3 Progressives, 1 Liberal and | vacancy. The announcemeni came two days after the fourth anniversary of the Lyon government's clection to power Oct 11, 1977. Elvis an addict, court told Miller said Presicy was hospitalized for drug dctoxification in 1973, bul the public was told the singer was uondcr treatment for a twisted colon Hvyen after the dctonxification treatment, Millcr said, Nichopoulos, part of Presicys cn tourage for if continucd = to “vast amounts” of stimulants, depressants and painkillers for Presicy FROM PAGE A1 that interest rates will come down. “But it is a gamble. Rates could still go higher.” With every mortgage in Canada up for renewal within the next two years, higher interest rates could be catastrophic for homeowners who are already making stop-gap arrangements to make it through the current high rates. As well as cutting into their savings, le are cashing in RHOSPs and RRSPs and selling second cars and vacation trailers to keep up their house payments. But in the meantime the foreclosure rate is better than it's been in years, despite earlier predictions. “We have 3,500 mortgages on the North Shore,” says Ron Davies, “and none of them is under foreclosure. “It's a very unusual Situation. But we expect foreclosures if interest rates don't come down.” The current low foreclosure rate is Canada- wide, with the Canada Mortgage and Housing Corporation reporting that in the first seven months of this year, less than one half of one per cent (.44) of all NHA mortgages were But this is probably only because the dead real estate market and soaring rents offer a poor alternative to keeping up on house payments, suggests credit union manager Oram. HOPING So, for now, people are staying with their houses, using savings and sclling off assets, hoping the situation will improve. Another reason foreclosures haven't hap- pened as quickly as some analysts first predicted could be that there was morc fat to trim off than they thought. “Over the past five years people have been ablc to put away cash,” says the Royal's Mortgage Manager McLaughlin. “And people with five year mortgages have so much equity built up in their house that if they do scll theyll have oo probicm gectting their mortgage back .~ Mortgage lenders, faced with impcoding foreclosures they say they do not really want, arc offerng short-term help DELA YING Onc way to get lower house paymecats now 13 for ETAT 4 cit pupa it a ‘Homeowners -_USINg UP savings banks to apply part of the : interest rate to the capital - owing on a house. A homeowner who can | afford an 18 per cent rate but | not a 21 per cent rate, for instance, can have three per cent of the interest rate — added on to his mortgage. In effect it is a debt | deferring scheme. Other banks will pay lower * interest rates on Registered Retirement Savings Plan on deposit with them and make | up the difference by charging lower interest on a mortgage. “The idea is that you pay less today, and hopefully tomorrow you'll have more money,” says Dennis Oram. “But no one’s getting a gift. The only true solution is for interest rates and in- flation to come down.” And right now there’s no sign of that happening. 300 Kinasway at? oth Kingsway DATSUN! re ee Our skilled tufors have proven themselves effective in stimulating motivation, : and student PAUL MURPHY TUTORIALS 266-1178 eer |