52 ~ Wednesday, July 12, 1989 - North Shore News NEWS photo Tora Burley FORMER WORLD Champion figure skater Keren Magnussen catches some of the fun at the recentiy opened Jellybean Park Pisycare at Capisno Mall in North Vancouver. Magnussen officially opened the in- door piaygroand which features a ballpool with thousands cf multi-colored plastic balls. WE CONSERVE WETLANDS... Ducks Unlimited Canada YEARS OF CONSERVATION We've been doing it since 1938. Today we employ more than 400 professionals and support staif in 44 offices across Canada. We keep an eye on wetlands — and we're good at it. During 1988, we're celebrating our golden anniversary. How? By building wetland conservation projects. And when we finish those, we'll work on more, because helping out Canada’s waterfowl and wildlife is the best way we know to celebrate the beginning of our next fifty years. We don’t think of ourselves as saviours of the natural world. We're hard-working, down-to- earth, nuts-and-bolts conservationists who do what we know best...conserve wetlands. THE DUCKS AND GEESE DO THE REST. Call 1-800-665-DUCK for more information. B.C. employees gain investment opportunities REGIONAL DEVELOPMENT Minister Elwood N. Veitch receat- ly introduced legisiation designed to encourage employee investment in B.C. business. The Employee Investment Act (Bill 32) wili facilitate twe forms of employee investment: Employee Share Ownership Plans (ESOP), and Employee Venture Capital Corporations (EVCC). Employees will be able to take advantage of both investment op- portunities this fall, once the envi- sioned private sector delivery mechanisms are put in place. “This legislation helps employees and it heips employers,” said Veitch. ‘‘On one hand, it gives employees the op- portunity to invest in B.C. business. On the other, it will gen- erate needed equity for corporate growth and diversification in the province. “Employees have traditionaliy been excluded from corporate boardrooms, where decisions that affect their livelihood are made. They have also had only limited opportunities to share in corporate growth and capital appreciation. “This legislation can help employees overcome those limita- tions,”’ he said. The ESOP component en- -courages individual employees to invest in their employer company. The EVCC program provides employees the opportunity to pool their money in an Employee Ven- ture Capital Corporation. Similar programs available elsewhere in Canada and the U.S. have proven an effective means to improve corporate performance and employee-empioyer relations. The Employee Investment Act provides provincial tax incentives to encourage employee participa- tion. The province will also assist with ESOP and EVCC start-up costs. Initial estimates place total provincial cost over three years at $23 million. “These incentives are intended to benefit employees and corpora- tions equally,’ said Veitch. ‘‘The legislation I have introduced in- ciudes protection to assuse that objective is realized.” Investments made under either component qualify for a 20 per cent provincial tax credit, to a maximum for each individual in- vestor of $2,000 annually and $10,000 lifetime. The province will also pay half the cost of establishing an EVCC, to a maximum of $5,000 for each employee group. Companies with fewer than 150 employees will qualify for equal assistance to establish ESOPs, ““We have also asked the federal government to participate in offer- ing a tax credit for EVCCs and ESOPs,”* said Veitch. ‘“We antici- pate hearing from them shortly.”’ Both investors and companies must meet certain conditions te be eligible. More information on the program can be obtained by calling the B.C. Enterprise Centre at toil- free 1-800-972-2255 or in Van- couver at (604) 660-3900. NEED ALA OR LEGAL INFORMATION? LAWYER REFERRAL SERVICE: if you think you might have a tegai problem but aren't sure, if you need legal advice but don't know where to look, if you need a lawyer but don’t know one— the Lawyer Referral Service can help you: It’s simple and inexpensive: an interview of up to 30 minutes costs only $10. Lawyer Referral Service, Vancouver 687-3221. DIALALAW: For free general !egai information on 131 different topics, phone 687-4680 in Vancouver. A public service of the B.C. Branch, Canadian Bar Association, funded by the Law Foundation of B.C. INVITATION TO.TENDER In its capacity as Agent for Canada Post Corporation, Public Works Canada will receive SEALED TENDERS for the projects or services listed below, addressed to the Regional Manager, Contract Policy and Administration, Pacific Region, Department of Public Works, Canada, Room 601, 1166 Alberni Street, Vancouver, B.C. VGE 3W5 until the specijic closing time and date. Tender documents can be obtained through the above noted Department of Public Works, Vancouver office. Tender No: 7100183: BUILDING CLEANING POST OFFICE, LIONS BAY, B.C. Closing Date: AUGUST 03, 1989, 11:00 AM PDST Tender documents may also be obtained from the Postmaster at the Lions Bay Post Office. Tender enquiries: 666-0185 The lowest or any tender not necessarily accepted. CANADA POST CORPORATION