N. SHORE WATERFRONT INDUSTRIES ied focuses attention on repair NVD co. part of consortium which maintains huge Panamax floating drydock IN THIS. second instalment of series profiling North Vancouver waterfront companies, the North Shore News takes a look at the operations of shipbuilder and ship-repair company Allied Ship- builders Ltd. By Surj Rattan News Reporter YOU'VE DOUBTLESS seen their operations while driving north * across the Second Narrows : Bridge. “Allied Shipbuilders Lid. has ALLIED SHIPBUILDERS con- tractg manager Malcolm McLaren Is critical of the fed- eval government's awarding of new ship-building contracts to eastern shipyards. been located on the North Van- couver District waterfront since 1967. The family-owned business, which last year paid $150,000 in municipal taxes, was started. by _Arthur. McLaren in. the False Creek. area of Vancouver in 1948. At: that. time the company was called Allied Builders. ‘But, says Allied’s contracts manager Malcolm McLaren, the son of Arthur, shipbuilding has virtually ground to a halt) on Canada's West Coast. Most of the new shipbuilding contracts are now going to castern shipyards, a move that McLaren opposes, Allied and other North Van- couver shipyards such as Van- couver Shipyard Co. Ltd. are now primarily involved in repairing vessels, Allied began building tugboats and barges for companies working in the Arctic. “We're the victims of our own success,’’ says McLaren, ‘‘We built a lot of log barges, but now there’s not enough of a demand for log barges. “And as for fishing boats, there's enough fishing boats ... today to catch all of the fish out there.”’ Allied helped do work on the first of two S-class siperferrics recently completed for the BC Ferry Corp. McLaren says there is still a general market for ferry construc- tion and repair work, “When we had the new con- struction with the BC Ferry Corp., we had 150 people working here. Now with the repair work, we're about 100 people in total,”’ said McLaren. He added that Allied will con- tinue to focus on the ship repair market and is optimistic it will keep the North Vancouver com- pany going. “*B.C. is still a marine province. Someone has to fix those vessels, _and the market is very com- petitive,” said McLaren. Allied is also partners with Vancouver Shipyards in maintain- ing the huge Panamax floating drydock that was once owned by Verstaile Pacific Shipyards Inc. in North Vancouver. Allied and Vancouver Shipyards help make up the Vancouver Drydock Co., a consortium ‘which operates the drydock and which is still located at Versatile’s North Vancouver yard, “There’s a lot of opportunity there (drydock). Our Jabor market here is similar to Japan’s. There’s ALLIED eh ae ea 1 bt BE oe Kalth Rd, Burrard Inlet ALLIED SHIPBUILDERS has been in business since 1948, 26 of those years on the North Vancouver District waterfront. —_ NEWS photos Mike Wi atlaid ALLIED EMPLOYED 150 people to work on the first of two S-class superterries recently completed for the BC Ferry Corp. still a good percentage of deep-sea vessels out there," said McLaren. Allied’s current workforce con- sists of people who have been with the company since before 1970. He added that money is preven- ting the owners of vessels from replacing aging ficets and that will increase the ship repair market. McLaren is also critical of the federal government for awarding new shipbuilding contracts to eastern shipyards while ignoring the West Coast. “St makes no sense to us. The work should go to where the price is. The work should not be directed,” said McLaren. He added that the current Free Trade Agreement between Canada and the United States prohibits Canadian shipyards from selling vessels to the U.S. market but that Sabbaticals can make sound financial sense IF A sabbatical with your employer fits into your per- sonal plan, it could make good financial sense, too. Putting money aside for three years {o fund your sabbatical the fourth year could drop you in- to a lower tax bracket for all four years, saving you thousands of dollars in tax. Example: Your taxable income is normally $40,000 a year (which means you probably earn $45,000 to $50,000). So you have $10,000 a year set aside for three years, lowering your taxable income to $30,000 in years one through three. In sear four, you collect your sabbatical savings which, together with some other income, gives you once again taxable income of about $30,000. You will defer and eventually save $4,200 in tax over those four years — paying 27% tax on $30,000 in the fourth year instead of 41% on $10,000 a year in each of years one through three. A CGA can provide advice on how a sabbatical program can be structured with your employer and how to apoely for the required ap-. proval of the tax department, American shipbuilders are free to years, still talks proudly about his sell their products in Canada. occupation. But McLaren, who has worked “It’s good, honest work,’’ said in the industry for the past 20 McLaren. MONETARY PROBLEMS? WE CAN HELP Personal loans up to $50,000 Bill Consolidations up to $100,000 No Credit or Collateral needed. Must be employed. Cali Now. . Security Financial Investments 1-800-922-8813 Marvin P. Hunter General Manager Brian Tracy Learning Systems You'll experience Brian Tracy's masterful video presentation of The Phoenix Seminar. 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