6 - Sunday, February 8, 1987 - North Shore News

News Viewpoint

——

THE VOICE OF NORTH AND WEST VANCOUVEH
ae : : Peter Spece
Nowl Wromt
Hareett fetuar

Linda Stewaet

Publisher:
Editor-in-Chiet
Managing Editor
Advertising Director

Display Advertising 980-0511
Classified Advertising 986-6222
Newsroom 985-2131
Distribution 986.1337
Subscriptions 986-1337
North Show News) o> .

SUNDAY - '

21-year holiday?

n the surface the B.C. government's ingenious
plan for raising $350 million towards the cost
of SkyTrain looks tike investment gold.

The 21-year ‘‘SkyTrain Guaranteed Trust) Units"
now being offered to the public through investment
dealers have an assured average yield of 7% for at least
the first 15 years. This is appreciably higher than cur-
rent savings account rates and government backing
makes the investment risk-free.

But the big attraction, of course, lies in the promised
TAX-FREE income from the units—made possibie by
a toophole in the federal tax laws. Ottawa, incidental-
ly, is said to be Jess than enthused about the
manoeuvre.

As a result, an investor in the 35% tax bracket who
has already used up the present $1,000 interest deduc-
tion will keep the entire yearly interest from his
SkyTrain holding instead of handing over one-third of
it to the tax man.

However—with tax reform high on the Ottawa
agenda—one can’t help wondering a little whether the
loophole will continue to exist until 2008, or even past
1988. All rumors to date about tax reform suggest that
it will aim to close as many loopholes as possible —
including, maybe, eyen the jong established $1,000 in-
terest deduction itself. With income tax the feds alone
call the shots.

One presumes Mr. Couvelier’s whiz kids have done
their homework on this point, in which case owning a
piece of SkyTrain could prove a particularly appealing
investment. But, to avoid later disappointment, smart
investors would do well to read carefully the fine print
about that long, long tax holiday.

i
83

“NEWS photo Stuart Davis

PRIESTLY WELCOME ... Rev. Ed Hird (left), new rector of St.
Simon's Anglican Church, Deep Cove, being ceremonially inducted
Wednesday by Archbishop Douglas Hambidge (centre) and ad-
ministrative assistant Rev. Dennis Popple before a record congregation of

over 170.

LETTER OF THE DAY

finister raps
“intimidating”

1139 Lonsdale Ave.
North Vancouver, 8.C. V7M 2H4

$8,287 (averse Werte ry
Priddy & Sunday}

.
SEA DiGi

Entre contents
1987 North Shore
Free Press Lid All
nigtts reserved

af Z
NEWS photo Neil Lucente

LEOS FOR RICK ... B.C. Lions slotback Jan Carinci, accompanied by cheerfeaders Sharon Mey (left) and
Carla Felicetla, signed autographs as the three collected donations for Rick Hansen’s ‘‘Man fn Motion”’ crusade
at The Bay, Park Royal, fashion show tast weekend.

FIRST-EVER VIDEO of Cana-
dian dance, produced by KCTS 9,
Seattle, has won the best perfor-
mance award at the Public Broad-
casting System’s program fair in
San Antonio, Texas, over competi-
tion from affiliate PBS stations in
New York, Boston, Los Angeles,
San Francisco and Chicago. And
what was the subject of the 57-
minute TV special?

The North Shore’s Anna
Wyman Dance Theatre, that’s
what. Shot in 1985 at Victoria's
McPherson Playhouse, the video
features two of the company’s
most dramatic productions—-
Adastro and Tremofo—as well as
sequences with Anna Wyman
herself at work with her dancers in
rehearsal.

And where are tireless Anna and
her troupe this coming week? Per-
forming as part of the ‘‘Canada
Week’? festivities in Delhi where,
four years ago, they were the first
Canadian modern dance company
ever seen in India.

_“£ €

NORTH VAN DISTRICT must be
doing something right by its
staff—they stick around! Honored
last Tuesday at the annual
municipal awards banquet at the
Canyon Gardens were 20 retiring

employees with an average of over ~

24 years service apiece, six with
over 30 years.

Thanks for jobs well done to
retirees Fred and Poldi Biela, Mo
Brar, Ed Carr, Norma Chambers,
Geremia De Santis, Helen
Egleston, Pasquale Fabbiano, Dirk
Feenstra, Bill Wilder, Ed Hudson,

‘Lawrie Jillings, Ron Kean, Don

Laing, Joan McLeod, Antonio
Moniz, Frank Street, Olga Tain-
ton, Veronica Turkov and Ralph
Davis—and an extra salute to
Ralph Davis, Mike Hawkes, Ken
Kerr and Veronica Tuckov on
completing their quarter-centuries
of service Jast year.

Dear Editor:

The Vancouver Province news-
paper headline of January 15,
1987, ‘‘Work or Lose Kids’’ and
the accompanying story: ‘Take
Job or Lose Kids” — is a classic
example of scare journalism. The
subsequent editorial was every bit
as bad. It was The Province
reporter who tied together job fin-
ding and taking away children —
not me.

Why would a newspaper delib-
erately set out to turn a very posi-

Noel Wright

SOME TOP STUDENT in a North
Van school will be $2,000 richer
this fall with the first annual award
of the Williara E. Lucas Memorial
Scholarship, established in memo-
ry of North Van’s first, and widely
revered, schools superintendent
who died in 1985. From 1954 to
1974 Bill Lucas oversaw the ex-
pansion of the district from under
8,000 students in-13 schools to
almost 22,000 in 44 schools by the
time he retired. The scholarship
fund has now reached its $20,000
goal, invested in five-year GICs at
10%,

WRAP-UP: Welcomed to Deep —

Cove last Wednesday at a service
of induction conducted by Ar-
chbishop Douglas Hambidge was
Vancouver-born Rev. Ed Hirt, new
rector of St. Simon’s Anglican
Church, who moves here with his
wife and two young children after
four and a half years at St. Mat-
thew’s Church, Abbotsford, The
family is an ecumenical role
model, Mrs. Hirt being the daugh-
ter of a United Church minister ...
Expo has gone but the spirit lives
on in a group of North Shore
women who worked there as vol-
unteers and now meet for lunch
and reminiscences on the 13th of
each month. If you'd like to join
them, call Marie Moscovitch at
926-2557 ... Congrats to North
Van’s Janice Holmes on being

ed employment searches for reci-
pients of social assistance — into a
frightening front page story?

I told their reporter that there
was no change in philosophy or
direction in the Ministry, that we
would be doing exactly as we’ do
now (that is, try to find work for
people receiving social assistance)
excent we could be much faster
and more efficient with the com-
puter program. Yet her story uses
the words ‘‘welfare crackdown’’,

It is easy to suspect that she had

tiye announcement .-<-.computeriz: ._-hee-story, angle, planned: bofore-she

® Sunday brunch @

listed on the Quarter Honor Roll
at Northern Montana College,
which calls for at feast 12 credits
and a 3.25 grade average ... And
any Owen Sound expatriates in our
midst are invited to its giant July
24-August 2 party celebrating the
community’s 130th anniversary.
Write Homecoming 87, Box 1136,
Owen Sound, Ont., N4K 6K6, for
details of the nine-day extravagan-
za.

se

WRIGHT OR WRONG:
Everything: is changing—even
nostalgia isn’t what it once was.

NEWS photo Nell Lucenia
“GORILLA” Terry Brownell lures
Lynn Helland into Nick Vavaris’
latest restaurant, Your ‘Place Or
Mine, at Lonsdale and Esplanade.

phoned me.

I never mentioned or even hinted
the apprehension of children was
part of the program. The Child
Protection Act is an entirely dif-
ferent and separate matter. It has
nothing to do with income
assistance or computer programs.

Their motives for intimidating
people already suffering in these
difficult times elude me. .
Claude Richmond
Minister of Social Services
and Housing
Victoria