NEWS photo Mike Waketlald MELISSA Is a fan of Mexican food. She enjoys travelling and plans to visit Holland, her country of origin. THE FOLLOWING peopie ap- peared in North and West Van- couver provincial courthouses recently to face various -charges laid against them. Before Judge C.J. Waiker in North Vancouver provincial court May 22: Robert Higgins was fined $100 after the 21-year-old North Van- couver man pleaded guilty to a charge of failing to appear for a scheduled court date. : Before Judge J.B. Paradis in North Vancouver provincial court May 20: Allan Laidman was fined $100 after the 18-year-old North Van- couver man pleaded guilty to fail- ing to remain at the scene of an accident. Lori Jayne Nash was fined $75 after the 23-year-old North Van- couver woman pleaded guilty to a charge of failing to appear for a scheduled court date. Before Judge B.P. Byrne in North Vancouver provincial court May 19: Stephen Thomas Alavoine was fined $550 after the 27-year-old North Vancouver man pleaded guilty to a charge of assaulting another male. ; Before Judge R.D. Grandison in West Vancouver provincial court May 12: Ralpi: Edward Clarke was fined $75 after the 23-year-old Surrey man pleaded guilty to a charge of possession of marijuana. Before Judge R.D. Grandison in West Vancouver provincial court May 11: Ted Jeffrey Cook was fined $100 after the 31-year-old North Vancouver man pleaded guilty to driving without a valid driver’s Geoffrey Edwin Deering was fined $400 after the 40-year-old White Rock man pleaded guilty to a charge of assault. Before Judge S.E. Giroday in North Vancouver provincial court April 29: Patrick Ederer was fined $250 after the 22-year-old North Van- couver man pleaded guilty to driv- ing without due care and attention. Before Judge J.D. Layton in North Vancouver provincial court April 28: Gordon Cameron Stephen was fined $100 after the 32-year-old North Vancouver man_ pleaded One out of every four people in this pro- vince is age 55 or better. If you are a member of this age group, you command considerable economic clout. That's why CARD 55 was launched in February of this year. CARD 55 is a lifestyle advantage. It pro- vides the holder with selected discounts and special benefits throughout the province. 11 - Wednesday, May 27, 1987 - North Shore News Last hurdle removed THE TRANSFER of Versatile Corp.’s $90 million debt to Hees International Corp. of Toronto removes the last major obstacle faced by Versatile Pacific Shipyards Inc. in its at- tempt to secure the $325 million Polar Class 8 icebreaker contract, the North Vancouver shipyard’s president said Monday. “It is very positive news for us,” David Alsop said. ‘‘It is going to allow us to remain open...allow us to continue to conduct business as usual without the threat of closure Jooming over us.”’ In addition to assuming Ver- satile’s $90 million worth of secured debt, Hees, a major Ca- nadian merchant bank, will assist the shipyard’s parent corporation in the sale of its farm equipment subsidiary to Ford New Holland Inc. The $180 million deal is ex- pected to be completed in June. Alsop said Hees will also help Versatile prepare a new corporate business, plan and provide needed Operating capital for Versatile Pacific. After the sale of Versatile’s farm division is completed, Hees will assume the corporation’s debt, which will be secured by Versatile’s last two major assets: 100 per cent ownership of Versatile Pacific and a 51 per cent investment in Calgary’s Bralorne Resources Ltd. The consolidation of Versatile debts, Alsop said, ‘‘clears the way (for the government) to award the contract to us."’ Announcement of the Hees deal follows recently released Versatile Corp. financial statements that showed corporate operating losses for 1986 of $136.1 million, which were more than double the cor- poration’s $60.9 million loss in 1985, The sale of Versatile’s eastern shipyards to Marine Industries guilty to a charge of assault involv- ing a female. Before Judge J.K. Shaw in North Vancouver provincial court April 27: Barbara Isabell Caly-Mackenzie was placed on probation for one year after the 46-year-old Van- couver woman pleaded guilty to Stealing a designer phone from London Drugs in North Van- couver. Paul Hardy was fined $50 after the 26-year-old North Vancouver man pleaded guilty to failing to carry a lifejacket on board a boat in Deep Cove harbor. Additional discounts and special benefits apply at a wide variety of member retailers otfering everything from health, personal, and household care, to catering, clothing, food, pet. and automotive services, to travel and enter- tainment. The discounts vary, but they add up to big savings! ’ Since February, over 6,000 British Col- umbians are now enjoying benefits at over 600 participating vendols .. and the list is growing daily! CARD 55 means solid value. A CARD 55 membership is $22.00 per year. An ad- ditional spousal card costs $5.00 per year. CARD 55 members, and one 55 plus guest, save 20% on all food purchases during specified times at CARD 55 par- ticipating restaurants. By TIMOTHY RENSHAW News Reporter Ltd. at the end of January reduced the corporation's debt from ap- proximately $250 million to its present $180 million. That debt should be reduced to about $90 million following the sale of the farm equipment division. Versatile Corp. owes the money to such lenders as the Bank of B.C., the Bank of Montreal, the Canadian Imperial Bank of Com- merce and the Swiss Bank Corp. Capilano MP Mary Collins said Monday the announced reorganization of Versatile’s debt brought Versatile Pacific close to meeting all the requirements laid out in the federal government’s letter of intent to award the $325 million Polar 8 contract to the shipyard. “Something had to happen,’’ Collins said, ‘‘because the contract could not proceed until the gov- ernment was satisfied Versatile was financially stable.”’ She said she would now push the government for quick resolution to any outstanding issues surrounding the awarding of the contract to BRITISH COLUMBIA INSTITUTE OF TECHNOLOGY Versatile, but could not say when any final decision by the gov- ernment would be made. On March 2, the federal gov- ernment announced its intention to negotiate the icebreaker contract with Versatile subject to the cor- poration meeting a number of technical and financial require- ments. The government also pro- vided Versatile Pacific with $13 million in loan insurance. Earlier this month, Versatile satisfied one of the main require- ments by announcing its intention to negotiate the Polar 8 design with the Polar Icebreaker Cana- dian Design Group, a Western Canadian consortium headed by Sandwell Swan Wooster Inc. GREGG M Guess who’s 30 today? My, hasn't he changed, now with beard and black leather — “he's not getting older he's getting better! From your loving family. SCHOOL OF BUSINESS IF YOU CAN'T START AT THE TOP HOW WOULD YOU LIKE TO START IN THE MIDDLE? BCIT's Operations Manage~ ment Program is a stimutat- ing, practical two-year diploma course that combines engi- neering and business. The key word is MANAGEMENT. BCIT's Transportation and Distribution Program includes a second-year option in ‘International Trade, with special emphasis on the Pacific Rim. The key word is INTERNATIONAL. Seats are still available in both programs for fall registration. a ENQUIRIES: L. Leason, (604) 432-8860, BCIT, 3760 Willingdon Avenue, Burnaby, B.C. V5G 3H2 or Student Services: 432-8433 City: TOTAL: $ Spouse's Name Address; . the address below. You will receive your CARDXs) and your first directory within 6 YR OF BRTH —__--__ YR.OR BIRTH Post. Code,__Phone:(_) ____ ; Check: (1 First CARD 55 @ $22.00 1 Spouse CARD 55 @ $5.00 MAKE PAYABLE TO: CARD 55 j I have enclosed: O Cheque 0 Money Order | O PLEASE BILL ME Charge to my 0 Mastercard O Visa M.C./Visa Acct. # Signature.__-_ Send 10: 853-409 Granville Street, a Vancouver, B.C Expiry Date. __._. © V6C IT2