B4 - Wednesday, June 15, 1983 - North Shore News ME business || OC renter ston aes Wry, Meg, ARENT ARENT SSS Y y y iy OE O& 7 eee? ae Mtisene lies estes. THE 79 METRE M.V. Miscaroo was commissioned on Saturday at the Vancouver Shipyards in North Vancouver. Miscaroo is an Arctic Class 4 Icebreaking Supply Vessel belonging to Gulf Canada. ...a copier for the small businessman. é PC-10/20 & an ete | HSMN inti tice’ — The personal copier — fast, sub-compact, inexpensive. Really something new! The PC 10 or 20 uses interchangeable ¢ artridges to provide virtually maintenance free operation Besides good, solid black and white coptes, the new personal copier will also reproduce in brown or blue letting you produce, on your own letterhead, colorful sales flyers. price sheets newsletters, menus, even your business cards Call today for a no obligation demonstration c a ie J. | } IY Benndort-Verster The world’s finest office equipment and service. 1910 Quebec Street) Vancouver HO VOT 4K1 Telephone 472 88H? Making money by 0.P.M. 4%, and invest itatS%, you —_ and only gained 4%. By PAUL ROCKEL are making 1% per year on Today we don’t talk about OTHER PEOPLE’S MO 4% and 5% costs and Stop and think about itt! NEY”. returns. Do you know of anyone who 1 remember that, and | has ever become wealthy, continue to use thal idea to So, today I borrow money who has done it without us- this day. from the banks and trust ing Other People’s Money. But my Dad only told me companies at 12% per year. In my 21 years in the in- half of the story. Maybe he Maybe it’s your money that vestment fund industry I didn't realize that if | bor- is on deposit (if so, 1 thank have yet to find anyone who rowed money at 4% and in- you for putting it there). Be- has become wealthy without vested it at 4%, | would still cause it's tax deductible, and using O.P.M. be making money. if 'm in the 50% bracket, Do you know of a farmer He's crazy, you're saying! my true cost is 6% (after who hasn't used O.P.M. Think about it. If | borrow tax). Invested in investment (borrowed money) to help money at 4% and use it for funds that average just 15% him become successful? Do INWESTMENT PURPOSES _ per year, it means I make you know of a businessman (business, farm, investment 9% per year on Other Peo- who has started a business, fund, stocks, bonds, etc.) it ple’s Money (maybe yours). and kept it going, without becomes TAX- DEDUCTI- And, because it’s Dividends O.P.M.? BLE. If I'm in the 50% tax and Capital Gains, | maybe 1 don’t believe there is bracket, that means the lose 4% to 5% in taxation, such a person living. “true cost” of borrowing is leaving me with an after-tax But ..... if borrowing only 2% (after the tax — profit of 4% to 5% per year. money helps create wealth, deduction) and if I invest tt On $100,000 borrowed, how come 90% of we Cana- in “ownership” of any sort, that’s $4,000 or $5.000 per dians are afraid to do so. that earns 4% in either = year. We're afraid to borrow for dividends or capital gains (or I hke using O.P.M. investment purposes. combination of each) which For information on in- ] guess I'm lucky, because bear only a small amount of | vestment fund performan- my Dad taught me when | taxation, I'm still ahead by at ces. write: Paul J. Rockel, was justa little fellow, “Paul, least 1% per year, even 145 Union St. E., Waterloo, if you can borrow money at though | borrowed at 4% Ont. N2J1C4. LO QUAY PUBLIC MARKET North Vancouver Waterfront eA REET The Lonsdale Quay Development Company Limited. a wholly owned subsidiary of the British Columbia Development Corporation, is seeking expressions of interest tor development of a 171 acre watertront site located at the foot of Lonsdale Avenue in North Vancouver This site ts part of the 25 acre mixed use Lonsdale Quay project presently in progress Development already or nearly completed adjacent 1o the site includes the 275.000 square toot ICBC Head Office, the 160.000 square foot B C Rat! Head Office, the Marine Training Institute, and the North Vancouver Sea Bus Terminal Two additonal ottice buildings are scheduled for commencement this summer The principal use contemplated for ths watertront site is a mixed use development teatunng a large public market/restaurant complex The lonsdale Quay Public Market will be as exciting as Harbour Place in Baltimore Queen's Quay Terminal in Toronto and Granville Island in Vancouver Related uses which could be developed in conjunction with the pubhc market compiex include office space and/or a small specialty hotel Submissions are being sought trom expenenced developers/investors and will be evaluated on the basts of ability, expenence, financial strength and program txpressions of interest will be accepted until July 15, 1983 and are subject to the conditens and reservations noted im the document A comprehensive information package has been prepared which includes a description of the site and ts surroundings @ sol survey preliminary development concepts, demographic information and tighhghts of a market feasibility study, and intormation regarding site acquisition and the development process Thts package ts avaiable to interested developers and mvestors ata cost of $50 with cheques payable to the Lonsdale Quay Development Company Limited DEVELOPMENT OPPORTUNITY Ait ENQUIRIES SHOULD Bt ADDRESSED 10 J bee Marin General Manager bonsdate Quay Development ( aiipany boonted LONSDALE. 27? Granville Square Vane ouver HE VOE 1S4 (O04) O49 B47! A sullbsidlary of the Hetist Columbia Development | ocporation