18 - Wednesday, April 22, 1987 - North Shore News

(i AD ESTATE ® FOR S,

INDUSTRIAL COMMERCIAL &

CHARTERED BANKS
Profits small

IF A_ banker claimed that his
business has a lower profit margin
than a carpet cleaning operation
run out of a beat-up 1978 van,
would you believe him?

Of course not.

But if the carpet cleaner
Manages to squeeze even a one per
cent profit margin out of the old
machinery, he’s generating a
greater profit margin than the
banker.

The average rate of return for
Canada's chartered banks varies
between 0.50 and 0.57 per cent.
That's just a little over one half of
one per cent.

Hard to believe, isn’t it? What
about those huge bank towers?
After ail, everyone known that the
banks make all the money.

Fifty cents on every $100 of
assets. It hardly seems worthwhile
to even go into a business for that
kind of return. Still, the pennies do
add up.

Any supermarket manager will
quickly understand that banking is
a “high volume, low margin
business.”

If you’ve borrowed money from
a bank, you'll probably think that
with the interest rates you’ve paid,
the banks earn much more than
that 50 to 56 cents on the $100.

What most people forget is that

the cost of a loan includes interest

ine bank must pay out to those

who supported the money to lend
— the depositors,

It is the difference between those
two figures, interest collected and
interest paid out, which provides
the money from which banks pay
salaries and otherwise run their
businesses before ending up with
profits.

OPEN EQUCATIONACCESS CENTER

CAREER TRAINING
Microcomputer courses. Learn
a living al your pace and time.

* Professional assistance

* MULTIMATE

* LOTUS 123

*® dBASE Hil

© BOS Basic Operating Skills)
Facitities for rent; individual
and company rates.

ACCESS CENTER: located in

North Van. next to Lonsdale Quay
and Sea Bus Terminal, 984-4671

LOOKING FOR OFFICE-RETAIL-WAREHOUSE SPACE
FOR LEASE — FOR INVESTMENT
ON THE NORTH SHORE

CALL DOUG BLACK

988-6239

NORTH SHORE REALTY LTD. 985-7185
the little professional firm

24 SUITE APT. BLDG.
In desirable Upps: Lonsdale location.
Large units incl. penthouse with views.
$124,000/ann. gross income.

BUSINESS OPPORTUNITY
Prime Lonsdate Quay Market location,
Specialty cheese & wine store. A.P.
$84,500 incls. inventory, eqpt, L/H

imprmts.
FOR LEASE
Capilano Rd. - 380-1,200 sq.ft. office
at S6/sq.ft.

Crown St. ~ 800 sq.ft. oftice
at $6.00/sq.tt.

DENNIS HOFFMAN,.C.A. 984-0543 (res)

JiM GILBERT of Buns Master
Bakery displayed his wares at
Business After Business April 7
at the BC Rail Building. The
event is a regular informal
business get-together hosted by
the North Vancouver Chamber
of Commerce for North Shore
businesses.

: aise
J Eseeess

All suites have new

* bathrooms

* carpets

* dishwashers, too!

YOU MUST VIEW TO
APPRECIATE

CARE-FREE REVENUE

Gross Income $71,280
Expenses $15,432
Net income $55,848
Asking Price $585,600

RETURN ON INVESTMENT

9.3%

Call Bill Babcock
Off.: 263-1433
Res.: 922: 2208

Beyond the RRSP...

Your retirement options & how
to get out of your RRSP

Seminar —
West Vancouver Community Centre
Thursday, 23rd April 7:30 pm
To reserve a Seat call 669-6262
Rod Clark

Business Management Department
invites you to: attend. an.
NFORMATION MEETING

 Managerrent Diploma Pro :
‘September, and our:10 month Acceleratec

“Gulfand Fraser |
Fishermen's
Credit Union

46th Annual Report Highlights

The Board of Directors is pleasedto _ retained earnings as a percentage of
announce that the credit union dur- _ total assets is one of the highest in
ing 1986 increased its assets by the Province of British Columbia.

almost 18% to $90.5 million; had
gross income of $9.0 million of which G ane Executive Olticer, Mr. Len

i+}

Monbe oo intaroat on ‘Gerosits an explained that during 1986 the credit
dividends on shares; and tor the 45th union "was characterized by steady
straight year has declared a divi- Phos d bal pera tons.
dend. 1986 rate was 8% to the (tization of ur nerease in
shareholder. 1987 began with retain. embers This ie reflected by the
ed earnings of $3.75 million — well embers. This is reflected by the
in excess of the minimum statutory an increase of $13.2 million or B 5%
requirement of $1.95 million. Its over the pravious year end.”

Copies of the 1986 Annual Report
may be obtained from:

Mr. L.S, (Len) Gatto
Chief Executive Officer

Gulf and Fraser Fishermen's
Credit Union

Vancouver Office

803 East Hastings Street
Vancouver, BC.

V6A 1Ri

Yloohene: 254-9811

Richmond Office
3471 Chatham Street
Richmond, 8.C.

V7E 2Y9

Nir. L,S. (Len) Gatto Telephone: 271-5911

Chief Executive Officer

———_————_—
HERE'S A COURSE TO KEEP YOUR
BUSINESS OUT OF THE

SCHOOL OF HARD KNOCKS!

In British Columbia, we're big on small business. And we've

got practical management and business courses to help you start a
and keep if on top.

Location: Sutherland School

* Import/Export Marketing (4620.114) April 28

¢ The Self-Employment Option (#620.131) April 28

* Pacific Rim Studies (#620.128) May 19

For further information contact: Barbara McBride

business...

aad

Program Coordinator, 985-8741

We're putting good ideas to work!

A community project assisted by

Bg Ministry of Economic Develooment
Hon. Grace M. Mecarthy, Minister