20 - Wednesday, April 15, 1987 - North Shore News USTRIAL Canadian bankers have col NIGHT FALLS on the prairie. Bundled against the spring chill in wool blankets, the pioneer bank manager huddles in his tent, carefully recording the day's receipts in a bulky ledger book. Three new deposit accounts, two farm equipment loans — it’s been a good day. He places the orderly stacks of crisp banknotes in the strongbox, fastens the lock and shoves it under yet another blanket: Close by, a twig snaps loudly in the cold darkness, © , Instantly alert, he dives for the revolver hidden under a makeshift pillow. Could be anything — could be those fellas from the new saloon who didn’t like the term3 he’d of- fered them on a loan. Well, he hadn’t thought much of their col- lateral. Or it could be someone out for some easy money. Or it could be just a twig snapp- ing in the cold. He thinks longingly of head of- fice, with its warm, dry rooms, its civilized structure and regular business hours. As the silence con- tinues unbroken, he lies down — still cradling the gun in one hand — to sleep. The gleaming towers which pro- claim the importance of banking in today’s society testify to the suc- cess of those early pioneers in developing a sound banking system for Canada. Given the economic structure of the mid-19th century, when Cana- dian banks first took hold, it is ‘surprising there was any business to generate. An ingrained aversion to debt made demand for personal loans practically non-existent. The early banks lcaned. their money only to business. The doc- tor who received two chickens for delivering the latest family addi- Manage your money “SPRINGTIME BRINGS weeds and taxes, neither of which we welcome warmly,’’ says Warren McKenzie, one of two featured speakers at the North Shore Per- sonal Development Institute’s Thursday, April 16 seminar, Managing Your Money: Who’s In Charge? . “April requires that we complete our income tax forms and reminds us of how we spent our money last year. Not all of us are pleased with what we see.”’ The NSPDI, in an attempt to provide North Shore residents with assistance touching a broad spec- trum of interests, has discovered that many people are frustrated with personal money management. “There seems to be a conflict from what the advertising world and common sense say about how to handle money —- and not be _‘man-handled’ by it. Money has a way of taking control. We want to help people understand that they can control and improve their fi- nancial future,’’ explains Joel Hodge, investment counsellor and insurance broker. Hodge and McKenzie are both North Shore residents. Hodge has been involved in personal financial counselling for three years and ‘McKenzie has been investing in real estate successfully for over ten years. Their seminar will deal with: goal setting, budgeting, debt management, insurance and in- vestment. The seminar will be held in the Garibaldi Room of the North Shore Neighbourhood House, 225 E. 2nd Street in North Vancouver. Coffee and registration begin at 7 p.m.; the seminar runs from 7:30 to 9 p.m. Refreshments and per- sonal consultation follow. Fee is $5 per person; $8 per couple. For more information call 980- 0 FOR LEASE 1,225 sq. ft. main floor retail space. 7 yr. old, A/C conc. bldg. in the heart of Ambleside. Asking $16 sq. ft. net. Try an offer! TOM WARDELL 926-5848 BODY & SKIN BUSINESS Well estabiished business & attractive lease. Equip. in- cludes tanning beds, elec- tronic muscle - stimulators, facial care, manicures, etc. $29,000. . Call BETTY ESCOTT or VAL AIKENS. f Sussex E ty LOOKING FOR OFFICE-RETAIL-WAREHOUSE SPACE FOR LEASE — FOR INVESTMENT ' ON THE NORTH SHORE CALL DOUG BLACK NORTH SHORE REALTY LTD. 988-6239 985-7185 the little professional firm | COMMERCIAL AND RESIDENTIAL GOOD INVESTMENTS AND BUSINESS OPPORTUNITIES RESTAURANTS * West Vancouver, centra! location * 60 seater * reduced to $55,000. * North Vancouver, Mid-Lonsdate * equip. with chinese cooking... $45,000. * North Vancouver, L-Lonsdale * office mall * 42 seater $45,000. * Downtown Vancouver, Woodward's area * 80 seater * $62,800. * Hope, B.C. doing $300,000 p.a. 120 seater * $127,000. REVENUE * Duplex * Fraser and 12th Ave. Extra u/a base $125,000. * Duplex * Commercial and 7ih* $99,500. * Duplex * 11th and Fraser, only 17 yrs. old. $150,000's. * 4-plex * 1st and Commercial, $165,000. tion could hardly deposit them ina bank. The general store merchant provided what little credit most people wanted. The years following Confedera- tion in 1867 proved a period of rapid growth for Canadian bank- ing, as a developing country’s ap- petite for capital grew along with its economy. By the Roaring Twenties, Canada boasted some 3,000 bank branches across the country. It took the Great Depression and the Second World War to alter the business orientation of the bank system. The combination blow of 1930s business failures and war- time economies was difficult for everyone. But the economic boom and in- flux of people which followed the war soon provided new oppor- tunities for growth by the banks. The emphasis turned to satisfyi- ng the financial needs of a rapidly growing, hard-working population with schools, housing and con- sumer goods. By 1975, the number of bank branches had risen to more than 7,000. Banking reached out to in- dividual Canadians through chains ‘of local branches across the coun- try. Business needs have become ex- ceedingly complex, with the result that some banks have begun to set up special branches catering strict- ly to commercial needs. Computer ni vot I or Sethnon All suites have new * bathrooms * carpets « dishwashers, too! YOU MUST VIEW TO APPRECIATE CARE-FREE REVENUE Gross income = $71,280 Expenses $15,432 | Net Income $55,848 Asking Price $585,000 RETURN ON INVESTMENT 9.3% Cal! Bili Babcock Off.: 263-1433 Res.: 922-22 orful technology is increasingly pro- viding more and improved ser- vices. . And bankers don’t have to be history alert for snapping twigs anymore. (This column is provided as a public service by the Canadian Bankers’ Association.) COMMERCIAL REAL ESTATE SERVICES 1480 Marine Drive (above the Ginger Jar) Plenty of parking 1,000-2,200 sq. ft. Bright office space Convenient to Lions Gate Bridge Reasonable Rates Betty-Ann Thomson Central Lonsdale Office space you can afford 1,500-6,000 sa. ft. Well-maintained Retail 450-1,000 sq.ft. Alfonso Pezzente FOR FURTHER INFORMATION CALL: 662-3000 COLDWELL BANKER CANADA INC. #400-1030 West Georgia Street Vancouver, B.C. V6E 2Y3.. BILL BRITTON ' 984-9711 eX Fh iady LYNN CREEK COMPLEX Prestige industrial units at 310 Harbour Ave. 1540 sq.ft. whse. & 400 mezz. — Tilt-up concrete i — lots of parking. Minutes from idowntown & 401. Last unit at $126,500. Ready May 1st. FOUR UNITS FOR RENT ESPLANADE CENTRE Retail & Offices for Lease Popular Esplanade Centre of- fers variety of sizes at the best,| rates in’ the area. Retail] spaces from 500 to 2,000 sq.ft. and offices from 570 to 2400 sq.ft. some with terrific city & harbour view. Phone now for terms & rates’ GEORGE WEINHAUPL’ That's Pineapple with a “W" Office: 922-1111 DOWNTOWN COMMERCIAL BLOCK 6 solid leases producing $50,000-300,000 net. Full price just $485,000. Owner § will help finance, Adjoining Jim Pattison’s newest development project. Try § $75,000 dawn. are 3 BDRM. UP With fireplace, sundeck & balcony plus t fully finished daylight bsmt. with rec. room, br'<* fireplace & full bathroom. Owner says sell this week. gn [ sessn00 | 9° 2 BDRM. VIEW PENTHOUSE For you and another for your best friend atop this beautiful- fly cared for 17 suiter. 20% down will show a whopping 14.2% return on your invest- ment. No financing necessary. A a rae RARE FIND 6-PLEX f In upper Lonsdale's most popular ren- | “tal district. Fully rented comfortable suites, some with sundecks & fireplaces, Call now for 1st appt. to | view. ‘ 8 STE. STRATA COMPLEX With a rare MURB certificate to boot to Jower your taxes. Buy wholesale § and sell retail to tenants, investors or home buyers. Very attractive financ- § ing in place.