6 - Sunday, May 7, 1989 - North Shore News

INSIGHTS

Taxing thoughts on the
rich but hardly famous

MONEY ISN’T EVERYTHING but, as Joe Louis said, it
helps to quiet your nerves. In that case, there are 49 Cana-
dians who must sleep like babies each night, brows unfur-

rowed, hands rock-steady.

If you wonder just how YOU
rated last year on the overall pay
scale, you may be interested to
learn that your 49 fellow citizens
collected a cash total of
$52,971,000 in salaries, bonuses
and stock option payments. That’s
a neat little average of $1,081.000
per head.

Not exactly household names,
all of them are chairmen and/or
top executives of major corpora-
tions —- members of the ‘*$500,000
Club” listed recently by the Finan-
cial Post. Minimum entry fee being
an annual pay cheque of half a
million.

However, only No. 49 on the list
— poor S.K. McWalter, chairman
of Gulf Canada — actually had to
make ends meet on $500,000. The
top man on the totem pole — P.
Munk, chairman of American
Barrick Resources — collected a

on

back.

Ensure

nored,

ITH LIONS BAY Council’s decision te
crack down on
village, another door has been slammed in

the face of moderate-income earners looking for rea-
sonable rental accommodation.

While homeowners cannot be blamed for wanting to
preserve the quality of life found in single-family
neighborhoods, the plight of renters shouldn’t be ig-

As illegal suite bylaws are enforced across the North
Shore, an added strain will be placed on an already
over-burdened rental market, causing rents to climb
even higher, as the current real estate boom has also
been responsible for increased rents for many.

Little help is forthcoming from co-ops; what hous-
ing complexes there are maintain lengthy waiting lists.

And, in funding non-profit, muiti-uait housing pro-
jects, the government has shifted its emphasis from
low-income family complexes to seniors’ residences.

The inevitable result of this trend will be the loss of

tidy little $4,600,000. Trailing him
came G.H. Drabinsky, chairman
of Cineplex Odeon Corp.
($3,868,100) and John Walton
president of Placer Dome
($2,152,469).

Top bosses modestly around the
average include BCE Inc.’s J.V.R.
Cyr ($1,105,700), Imperial Oil’s
A.R. Haynes (1,097,000) and Ca-
nadian Pacific’s W.E. Stinson
($1,007,825). Among those who
barely made the club were Rio
Algom’s Ross Turner ($560,810),
Texaco Canada’s P.I. Bijur
($530,593) and Northern
Telecom’s D.G. Vice ($522,552).

Given the battery of expert tax
help available to such brackets,
ons has to wonder how close their
federal income tax came to the
$11.5 million which they would
together have coughed up under a
22 per cent flat tax system. We'll
never know, of course, but I offer
the thought to Michael Wilson free
of charge.

Hope I haven't spoiled your
weekend!

ete

“URBAN SALMON" — the TV
documentary about B.C.'s
precious salmon resource, produc-
ed last year for the Coho Festival
Society — goes from strength to
strength. Earlier it won the B.C.-
Yukon cable documentary contest.
Now, it has received the Award of
Excellence of the Canadian Cable
TV Association as the best
documentary of the year NA-
TIONALLY, and will be aired on
TV stations from coast to coast.
So, a big hand, please, for director
Cathy Parke of North Van who
developed the format, wrote the
script, hired the crew, directed the
shooting and edited the finished

vitality

illegal suites within the

product; for Shaw Cable which
provided the technical facilities;
last but not least, for Coho Festi-
val director Mike Nice! who
quarterbacked the whole project —
especially the vital funding.

eee

BEDDING PLANT time comes
next weekend for those smart
gardeners who wait for the West
Van Kiwanis annual Mother’s Day
plant sale — Saturday and Sunday,
May 13-14, 9 a.m. to 3 p.m. both
days at 22nd and Gordon. This
year they’re promising a bigger,
better-than-ever range of bedding
plants, potted mums, geraniums in
all sizes and varieties, hanging
baskets, herbs, tomato plants and
perennials. Over the years the sale
has also become a social occasion,

with friends and neighbors meeting
and swapping gardening lore over
50¢ coffee and muffins — and, of
course, proceeds go to the many
good Kiwanis causes.

ener
WRAP-UP: Enjoy another fun

event this Wednesday, May 10, in
the Capilano Suspension Bridge’s

“ongoing 100th birthday celebra-

tions — from 9 to 11 a.m. the
North Shore Waiters Race, with
some 30 competitors striving to
make the fastest time across the
swaying span without spilling the

contents of their tray ... On the
reunion calendar is the three-day
Vancouver Tech Class of '69 cele-
bration May 19-21 at Vancouver
Technical Secondary School — if
you’re one of them, call Kaija
Saarinen, 737-1177, for all the
details ... And happy 18th anni-
versary today, May 7, to North
Van's William and Benthe Mur-
rison.

ret
WRIGHT OR WRONG: Life is

one long struggle to think well of
ourselves.

photo Mike Wakefield

JUNIOR THESPIANS STRUT THEIR STUFF...North Van Waldorf Schoo! students (left to right) Gordon
Shagnon, Margaret Wilson, John Speck, Christi Foreman and Michelle Coleman on siage in the recent school

play ‘‘Riddle Me Ree.’’

NEWS photo Neil Lucente

WEST VANCOUVER-HOWE SOUND MLA John Reynolds (centre, left), West Vancouver Mayor Don
Lanskail (center) and many helpers took part in a festive ground breaking ceremony, Saturday, kicking off
the expansion of Coltingwood School. The West Vancouver private school! is going ahead with construction
following a leget resolution (o a tong struggle with local residents.

Publisher .
Managing Editor...
Associate Editor

... Peter Speck
Barrett Fisher
Lees Noe! Wright

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our young people and their families io municipalities
that offer housing within their budget. We'll lose their
energy, their ideas — and a healthy future tax base.
Governments at all levels must look ahead and en-
sure that affordable, attractive rental housing is in-
tegrated into future local development if we wish to
maintain a vibrant community.

MEMBER

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