i business BS - Wednesday, January 26, 1983 - North Shore News ~s Le | ofits from lower interest CALGARY — The Bank of net income in 1982, a increases occuring in by _ industrialized nations “fundamentally unsound,” Montreal said it earned less decrease of $96.6 million consumer, commercial, could impair prospects for said Mulholland, they SKI MOVIES profit last year. because from 1981. International corporate and sovereign risk world economic growth. represent investments in the by Dick Barrymore interest rates fell while loan earnings increased sectors of the bank's lending “There is a point beyond future of the world’s trading at the International Piaza losses increased. marginally to $118.3 million, _ portfolio. . which belt tightening patterns. - Helicopter Skiing or 46 per cent of net income, The bank’s capital and becomes counter produc- ; Sun Valley Idaho The bank Monday upfrom 33 percentin 1981. reserves, which totalled $2.3 tive. The critical challenge is “It is not a coincidence PLUS reported net income of $257 While corporate loans billion last year, were 3.73 to convince governments, that growth of world trade - Apex Mt., Sun Valley million or $3.70 per share, improved slightly during per cent of assets, the banks and public opinion in has halted and that the & Panorama Ridge down 27 per cent from 1981's_ 1982, personal loans __ strongest capital position for the industrial world that debt. volume of bank lending to February 2, record $352.9 million or declined reflecting the the bank in nearly ten years. management by developing developing countries is 7:00, 8:1589:15 $6.15 per share. Assets of cautious attitude of many Bank chairman William nations is the issue - not debt falling off. These trends, if tree reserved tickets $62 billion at year end were consumers over job security Mulholland warned reduction,” MulhoHand told continued, will have very CAPILANO TRAVEL a. $347 mittion tower than at and unemployment. shareholders too much “belt shareholders during the serious consequences for é : _ Loan toss” experience tightening” by devieoping bank's annual meeting. world économic recovery.” Domestic operations doubled during the year to countries combined with While loans to developing _ he said. contributed $138.7 millionto $500 million, with major restrictive import practices nations have been viewed as LYNNMOUR, NORTH VANCOUVER Tenders for the development and acquisition on either or both FREEHOLD or LEASEHOLD bases are invited by 11:00 am. on March 17,1983 by The Corporation of the District of North Vancouver for two thirty-three foot lots. The opportunity to participate with the District on a 4 ground lease basis, with rent for the land payable an- nually in advance, would: - reduce developer's front-end costs - result in annual rent less than equivalent annual land financing costs Brochure providing full details of the properties and conditions of the tender are available from the Land Department, 355 West Queens Road, North Van- couver,B.C V7L 4K1 Telephone. 987-7131 A. Rudyk WINNERS FROM the Winter Sporting Guide contest received their prizes recently from the News. From left to right, Linda Stewart of the News, winners Doug and Betty Copp and Linda Isaacson from Big White Ski Corporation presenting the prize which was accommodation at Big White. NORTH & WEST VANCOUVER SCHOOL DISTRICTS : COURSES OFFERED Sausage making. which Typing goes back as far as recorded Shorthand history, originated asa Bookkeeping means of preserving meat : ' Oicta Typing cee at) oe Office Procedures 4 ae “aR ‘ Machine Cat The Sues Canal is 104 Business Eratet miles long and inks the TIME: = Meduierranean and Red 8B 30am 3.30 —m scas 3 b CosrT. v7 f F ull Oay $60 Denis Pupin (164° 1/14) Mornings $60 wasoa brench physterst and LOCATIONS e Nights Wook se bellow of the Royal Soctety Lays amorat Jr See Sete 4 Nights/Week $66 who invented a steam 1365 Mahon Ave NV Word Processing dipester in 1a79, the ' vos ven wan en aaaiae y & Medical Terminology forerunner oof the modern “PO Matnore Ave Call for information pressure Cooker For more information cali 960-2713 of 985-6741 RRSP 10 33 ” Fixed Term Talk to us about Registered Retirement Savings Plans. Hates subyect lo change without otee ¢ Transfer your R.R.S.P. and geta bonus... ¢ Three different plans to choose from. Ask for details at 803 Hornby Street, Vancouver, B.C. Ph: 685-0451 North West Trust | MEMBER CANADA DEPOSIT INSURANCE CORPORAHON a | North Shore Community h Credit Union “The RRSP Experts”