BUSINESS BRIEFS TRUST PURCHASE VANCITY SAVINGS has signed an agreement to purchase Citizens Trust Company. “We are delighted at the pro- spect of acquiring Citizens Trust and keeping its head office in Vancouver,"’ said VanCity chair- man Tim Louis. Citizens Trust chairman Brian Hui said it was important for the company to be sold to a local buyer and said the sale will guar- antee the future prosperity of the trust company through local own- ership. Citizens Trust has assets of about $200 million while VanCi- ty's asset base is $2.4 billion. Bob Quast, VanCity’s chief ex- ecutive officer, said that the sale will provide VanCity members with additional financial services currently offered at Citizens Trust. In addition, as a result of Residents celebrate | Scotland NORTH SHORE residents are in- vited to celebrate A Day In Scotland at Waterfront Park to- day, Sunday, Aug. 4, from II a.m, to 6 p.m. Entertainment will include Highland dancers, Scottish coun- try dancing, pipers and pipe bands, Sandy Black Trio, Van- couver Fiddle Orchestra, Elizabeth Allen, Highland Field Events, and much more. For car enthusiasts, there is an added attraction, with the B.C. Corvette Club on display from 11 a.m. to 4 p.m. The event will proceed as scheduled, weather permitting, and there are no admission charges. Bring the whole family and enjoy a fun-filled day in the park. THE BEST RESULTS COME FROM TEAM WORK _ ANN ang ROBERT VAN OEVEREN We know how to get your home [Soto | ziziae Call 985-8231 or 925-9486 BUSINESS BRIEFS the purchase, VanCity will be a participant in Vancouver's Inter- national Financial Centre. Citizens Trust, in operation since 1958, is a federally chartered (rust company and is licensed to operate in the four Western pro- vinces. It currently has six branches; five in the Lower Mainland and one in Calgary. The sale is subject to approval by federal and provincial regulators. ALARM SUCCESS NEW TECHNOLOGY developed by a Vancouver company has proved to be an alarming success. The federal government’s Western Economic Diversificaion Fund has granted Volta Techno- logy Inc., a repayable contribution of $154,500 to help it launch a new system called the Multisensor. Company president Franco Consadori said he just didn’t like the complaints. As the founder of one of Canada’s most successful producers of gas alarms for recre- ational vehicles, Consadori decid- ed there had to be a better way to cul down on false alarms gener- acted by alarm sensors. Volta has acquired a new pat- ented technology developed in Western Canada that substantially enhances the reliability of gas sen- sors. North American homes and vehicles are full of fumes from alcohol, glues and other substances. Conventional alarms are tripped by these gases as often as by propane, natural gas or car- bon monoxide. But Consadori has found a way to condition a sensor to identify only the harmful gases. ““We encapsulate the sensor in a tiny box with a small hole in it and the sensor breathes air in and out with the help of a heater that alternately warms and cools the air in the box,”’ said Cansadori. The patented breathing mecha- nism, combined with another new feature, the ability to analyze the time-domain response of the sen- sor, has resulted in a new class of sensor cupable of discriminating between gases in a recreational vehicle or a boat. The new system was developed over three years by Halitee In- dustries Corp. of Vancouver. B.C.TEL BUSINESS B.C. TEL'S consolidated earnings for the second quarter of 1991 were 38 cents per average ordinary share compared with 41 cents per share for the same time period in 1990. Earnings for the first half of 1991 were 74 cents per average ordinary share compared to 77 cents per share for last year. B.C. Tel continued to be af- fected in the second quarter by both the slowdown of economic activity in the province as well as YOUR CAREER IN ENGINEERING TECHNOLOGY Join us on August 6 at BCIT, Burnaby to explore exciting careers: in: Mechanical Systems for buildings — designing and installation of water supply, drainage. fire protection. refrigeration, heating. ventilating and air conditioning Systems, Food Technology — Testing and analysis, freezing, canning and fermentation for a variety of food products. Robotics and Automation — Design and application of automated equipment for manufacturing in B.C.’s leading industries. Explore these carcers at the next School of Engineering Technology PUBLIC INFORMATION SESSION August 6 from 6:36 to 8:30 pm BCIT Administration Building Boardroom. Canada Wav and Willingdon. For information call 434-3304 or 432-8855. P..... retail space available in the North Shore’s busiest shopping centre. To Advertise call 980-0511 : a the impact of long distance rate reductions implemented in late 1990. Earnings were also reduced by a 1% increase in the corporate pro- vincial income tax rate retroactive to Jan. 1 and by provisions for income tax assessment adjust- menis. *“B.C.'s economy is expected to improve in the second half of 1991. This should have a positive effect on the company's overall results,”” said B.C. Tel president and chief executive officer Brian Canfield. !CHRONIC PAIN? It is possible to live comfortably with chronic pain Dr. G.K. Thorson Dr. J.S. Jaworski Dr. R. Baruni a Dr. Z. Hrabar Dr. D. Samsom Dr. T. Pavy Family Therapist, Physiotherapist, Biofeedback Nurses, Psychologist, Massage Therapist, Counsellors Referral Required THORSON PAIN REHABILITATION CLINIC Deibrook Plaza, 117-3711 Delbrook Ave. 984-PAIN (7246) mT ? AIA 7 7 “ ” West Vancouver ¢ August 12th - ith Outdoor Concerts Artoeat: Marine Drive Windows of Art Creative Kids Day Ferry Building Gallery Exhibition Music and Performances in West Vancouver's Restaurants Tour of North Shores Artists’ Studios Art in the Parks Guided Artbeat Walking Tour Grand Art Auction Finale Watch for a special Harmony feature coming Wednesday, August 7th in the North Shore News THE VOICE OF NONTHAND WEST WANCOUUER north shore SUNDAY - WEDNESDAY + FRIDAY For more information please call 925-3605