22. THE FIRST customer of the new Lynn Valley McDonald’s, three- year-old Phillip Messenger stands ready to tackle a super-sized meal. Messenger was on hand to beat the crowds to the counter 6 a.m., July xs ia NEWS photo Mike Wakelleld Vancouver's hiring momentum THE SURGE in job opportunities predicted for the Vancouver area three months ago is expected to hold fairly steady for the coming summer months, according to results of the latest Employment. Outlook Survey released recently by Manpower Temporary Services, the world’s largest temporary help service. “Of the area employers polled about third quarter 1988 hiring plans,’’ said Manpower general manager Don Cormack, ‘'47 per cent see more jobs on the horizon _ for the July-August-September period, seven per cent expect a decline in employment and 44 per cent plan to remain at current levels. Another two per cent are uncertain of personnel needs.” Last summer, the employment DOWN $1.7M continues picture was more limited, as 23 per cent of the employers queried forecast more jobs and six per cent anticipated a hiring slowdown. Three months ago, 55 per cent expressed plans to add workers while only eight per cent predicted fewer job opportunities. In Vancouver, job opportunities are predicted by durable and non-durable goods manufacturers, and by the services, transporta- tion-public utilities, finance-in- surance-real. estate, and public administration sectors. A few staff reductions are foreseen in educa- tion. Hiring intentions outpace some anticipated cutbacks in con- struction and the wholesale retail trade. Stable job conditions are ex- pected in other industrial sectors. BC Rail earnings drop THE BRITISH Columbia Railway group of. companies announces unaudited net income of $14.3 mil- lion for the first quarter of 1988, a decrease of $1.7 million over the corresponding quarter in 1987. Railway Operating income for the first quarter of 1988 was $20.2 million, compared with $24.3 mil- lion for the first quarter of 1987. Revenues for the first three months of 1988 totalled $81.4 million, against $84 million during the first quarter of 1987. A decline in carloading volumes, from 62,424 during the first quarter of 1987 to 59,271 in the first quarter of 1988, was largely the result of a fall-off in U.S. housing starts and a corresponding decline in rail shipments of forest products. BC Rail Ltd., the railway operating subsidiary of the British Columbia Railway group of com- panies, announced a net loss of $899,000 for the first quarter of 1988, after interest expenses of $22 million largely paid to the British Columbia Railway Company and BCR Properties Ltd. This com- pares with net income of $2.4 mil- lion in the first quarter of 1987. ches, BUSINESS B.C. HYDRO set new records in sales volumes and revenues in the year ended March 31, 1988. Total revenues were up six per cent to a record $2.1! billion. Combined with an increase of only two per cent in operating expenses and a three per cent decline in finance charges, for total expenses of $2 billion, this enabled Hydro to generate operating income of $93 million for fiscal 1988, an improvement of $133 million over the operating loss of $40 million recorded a year ago. This turnaround allowed Hydro to transfer $38 mil- lion to the rate stabilization account and finish fiscal 1988 with a net income of $55 million, the third highest in Hydro’s 26-year history. In 1987 the rate stabilization account was depleted with $107 million withdrawn and applied to the operating loss and extraordinary write-offs of $42 million for a net income of $25 million. Commenting on the year’s results, Hydro chairman Larry Bell said the much improved operating income of $93 million could be attributed to net earnings of $110 million on interruptible electricity exports to the United States, backed by earnings of $17 million on gas operations and $2 million on rail operations. Although domestic electric revenues reached a re- cord of $1,534 million, an increase of $48 million or three per cent, this segment of the company’s opera- tion showed a $36 million loss. “Once again | want to emphasize the significance of 21 - Wednesday, July 27, 1988 - North Shore News our export carnings for they enable us to keep a con- tinuing tight rein on the rates we charge our customers in B.C.,’’ Bell said. Total electric sales for the year were 45,570 gigawatt hours (GW.h), a 17 per cent increase over 1987 anda record high. Growth was experienced in all categories with the general and transmission rate customers showing the largest increases. Residential arid general accounts increased by four per cent from 20,916 GW.h to 21,681 GW.h. This was mainly due to the addition of 25,000 customers, reflecting the large increase in people moving to the province. Hydro now has 1,297,000 customers with growth in 1988, the highest since 1983. The transmission or large industrial load increased by seven per cent from 12,582 GW.h to 13,412 GW.h, reflecting sustained growth in the provincial economy, especially in the pulp and paper, forestry, and manufacturing sectors, The U.S. demand for Hydro’s surplus or secondary electricity, especially in the U.S. Pacific Northwest which experienced low water conditions throughout the year, doubled the salcs volume for export energy. Sales to the U.S. of 9,469 GW.h slightly exceeded the previous records but export revenue fell short of 1986 ($252 million) and 1982 ($233 million) due to reduced prices for electricity resulting from lower prices for competing oil and gas fuels. JULY, 1988 Introducing the Total Life Cub. The most difticult ching will be remembering all its benetits. Our new Total Life Club is unlike any other club. The benefits are so comprehensive, there isn't enough room to list them all. 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