With Anti-Inflation Board :

controls now almost a thing |
of the past, there are. Signs
that a new round of

white-collar inflation may be

gathering force -- with 1979
pay hikes for nonunion

white-collar workers in. the

814-9 per cent range.

That’s the ‘indication from

a recent ‘Financial | Post.

survey of 50 large companies»

across Canada. Higher cor-—
porate profits, in many
cases, during the first nine.

months of this: year and the |

steady upward trend” of the’
consumer. price. index. are.

among the factors pressuring .
companies to pay more than .

the 72 per. cent: maximum
for which governments were
hoping i in the. early fall.

Both federal and provincial |

governments would prefer to .

see profits used to cut prices:
and expand capital invest-
ment -- in order to increase

employment and boost the | :

still stagnant economy as a
whole.

One legacy of the controls |
period now: working against © |
wage restraint is so-called

**pay compression’ The
former AIB ceiling of $2, 400:
as the maximum - annual:

increase means that’ many |

employees in ‘the’ higher

echelons are now less well }
paid in ratio to those beneath 7

them.

—BCIT

‘benefits.

testore former differemials.

In addition, next
remuneration | increases will
probably ‘consist mostly of

‘‘cash up front’ -- as
opposed to tinkering with
pension plans, . medical-

dental schemes | and fringe —
“cash up |
froni”’ appreach presumably |
reflects the. concern of.
employees over the loss of
real. purchasing power dur- .
-ing~ the three- year AIB. .
period.

This ©

Banks and oil. companies
are: reportedly leading the
in planning ® ‘1979:
~ wage increases, -
per cent forecasts in some |
cases. ‘Both industries have, oe

parade_
‘with 8-11

As. a: result, it is ‘expected .
“that efforts willbe made to

recast salary structures along.
pre-AIB- lines ‘in order to—

year’ s.

in general, had a particulaiy
Profitable year,” _

Banks, moreover,

are

anxious to stave off unioniza- _
tion of clerical staff. And in
the booming oil industry the |
- turnover of trained personnel |
is high -- forcing | companies

to pay competitive Tates or —
lose employees. cos

8% per cent. This will be

- balanced ‘by regular: annual |
attrition of a’small portion of
the» ‘company’s’. work - force.

— mon:h, during which the US$.
~ made sonie: modest recovery.
“agains! other: maior curren:

| briefty hinting $21 3. S0e

hike by the: Opec. States and
atdverse

“The nine: nation European | no, ~ offeran ie
Community ‘failed at... its "exciting Peter. Wardle designed
¥ecen!. summit. meeting, to
produce a- full’ blown duplex, triplex, fourplex —

European monetary. system

. 7 Kitsilano Beach (water view)
~when, Britain, Ialy cand-
Ircland | held... out ‘against . moe J Sthé Burrard (S. Gramvile)-
joining the scheme at the - P . — at
) ue - FO jects: -2br.& den, strata title. -
present time. : oo a f a 120010 1300 sq. ft. each unit
The system will go. into | Tax’ Write Offs "$35,000. to $75,000. for 1978

ane ‘ope ration January. f with the .

Be six orher member-counsries.
A further trend revealed °
by the Post survey. is. a shift
to more: “‘merit pay’’. Many. or
companies, it appears, are |
‘planning substantial increas-
es to top performers © in
addition to ‘general ‘across-
. the-board pay hikes ‘around

he aded. oby France and | . . Construction: Built, mon red ond rent - -
; ‘Somme 7 oe ae ee guaranteed | v Bedford Equities tr
A new European” currency 7 ee — : Low down payment -

unis -- the ECU (=CSI .67) --
will be. created for: transfers |
be ween cenral banks, and.
national’ currencies will: be.

maximum plus. or minus: 2. 25
. per cen!,

After + dropping: back for a

| (one ey Swiss Che i

cies, gold is vonce — more: | ~ FRANCHISES AVAILABLE |
making a” ‘comeback. ~ Lasi§

Ce, cates Excellent opportunit for energetic * husband & ‘wife team.
Week -- as the USS weakened “ff ppO y U
again’ -- the March gold | several years.
cone rac! price recorded arise f-

» $209. per ounce - after.

4 High quality chocolate products with great future potential.

Well. known as the best chocolate products on the market.

- Factors bri inging about ihe ae Please calt for appointment b between 10-12 a.m. (985-0948), :
renewed inicrest in gold are : :

a ask for Mr. Roy.
believed to be the. unrest in
Iran, las! week's oil: ‘price -—

new Son

U~. Ss. “in-
flarion:

ok Bedford ruts Ld Daido Developers

| Location: Ls

substantial 1979 write off also

10% to 19% * financing

For information contact
- BEDFORD EQUITIES 669-1 121.

allowed | ta . fluctuate gk

and minimum -starting sala-;

ries for new ‘Staff. members. oF

~ STENOGRAPHER ~

A competent : dicta typist with. at least two. years ex: a a |

perience in typing correspondence and reports is required to .
- provide secretarial service in our corporate ‘communications _ :

f department.

lists.

Clerical duties will include ¢ processing and distribution of
‘news releases, maintenance of photograph files and mailing .-

Must have at least 60 wW. p.m. typing and have ‘high

standards for accuracy and quality of work. Good verbal. and

i; oral English is essential.

. Please phone or submit resume to: .
; Personnel Co-Ordinator

Placer Development Limited _
700 - 1030 West Georgia Street
Vancouver, B.C. V6E 3A8

962-7002

continuing education courses"
begin January 8

At our Burn aby car campus, dozens of business,
health and engineoring courses. Full details.
in our Nite Life flyer. —

Phone today for your. free copies of Nite
flyers. Call 434-5734, local 204 [days or 434-

And downtown; courses in management, |
personnel, marketing and finance will again be
held in, the early ovening—5:00 to 7:15 p.m.—
leaving the bulk of your evening free.

Details in the BCIT Downtowner flyer.

REGISTER NOW! Moya!

at the BCIT campus, 3700 Willingdon
Burnaby. Downtown registration at
complex, below the Food Fair) weekdays,

a.m. to 3:30 p.m.

ae He
BCI

a “ae ata {

was wet Ply deatee et Coe apibebacatt yy

1 . Peviee .
trey oll ee Hoda whi tees wv Pana aL ei fel Pegi A le i
inst an “uy Disa Pa aT REAR ea Deere a t ait!

ia BRISEL CEL
INS

LNAB ea
[Pei dh Goh be

as
yy

Avenue

Life and the Downtowner
5741 levenings). |

asses full early. Reyister
(near Canada Way) in
Robson Square (courthouse
Nov. 2 22 to Dec. 1, from 11:30 |

CHINOLOC,

PPM eye athe aed Ih cone

meron mannan mace epimers A ENT inaieainbemiemniaemiabim ied ania pa

Wate E 15th st

= i. igus

for sale

- M.3 Zoning

_ 6, 000 sq.ft. office on Brooksbank, North Van, on 33, 000: sq.ft. land approved for 14 000 ad:

‘ditional sq.ft. of building. Asking $395, 000 - cal Jack Laidlaw : 987-7400, or Detorls Edwards .
988-3212 . ;

Dividable Acreage- - Excellent Potential

Near Kamloops, 480 acres: approved for 20 - 40 acre’ ‘lots (Phase 1), scenic: view, complete
package for $650, 000. Cail Jack Laidlaw 987-7400, or Sandy Wise 926-2559.

H
i aye} is
se il

i tnt
NVER GOO DEAR COAST 10 sangt
OME Oued SEE He RUST CASES
Bo CUATESY CANS AVAKABLE:
‘CARER,
© PREB. AOU 1867:
© PREG...13 PONE BUI CHECK

= Aamco is moving soon to Marine Drive. This. makes 5 bays, plus shop, office, « and fully fenced
; parking for thirty cars available in approximately April, 1979. . . a

‘for rent : .

Warehouse and light manufacturing plus office in Pemberton area - ~ available immediately,
forrent oe Bo

Office and small warchouse or storage - near 2nd narrows.

eal. Jack w7aoe |
985-9544 - 987-7400 -

cys : . :
joe A f 1 aol
P| Lee we ci ecatee natn dst thence dann 2b heat na Mss A Aeshna a cant ot ib

“Some locations: have been. successfully in. operation for. oe

MS):

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