B6 - Wednesday, August 24, 1983 - North Shore News Gi business = Poe Es ba ae Se 8 ee | — j i THE FIRST TIME IN 18 MONTHS Business leaders see improvement FOR THE first time in nearly a year and a half, British Col- umbia business leaders see improvement in the present business climate for British Columbia and Canada, says the Business Trends Survey released by the Employers’ Council of British Columbia. This biannual survey ob- tains information from chief executive officers of major BC companies on their views of present and _ future business conditions’ for the BC and Canadian economies. Although more than 65 per cent of businesses surveyed still rated the pre- sent climate in BC and Canada as poor, this is a significant improvement from the last survey in November of 1982 when 92 per cent of respondents rated the present business climate as poor. Over the short-term, respondents generally show- ed a marked shift in their assessment of the provincial business environment in the months ahead. Only 26 per cent felt that the business outlook was poor and 70 per cent considered it fair, com- pared to 77 per cent in the past survey who judged the BC business outlook as poor and 23 per cent, fair. The greatest change occurred in the primary sector where the percentage who projected a poor business climate in the six months ahead declined from 85 per cent in the last survey to a present level of 28 per cent. The council survey found that primary, secondary and service sectors were much more optimistic about long- term business prospects in BC and Canada than six months ago. In this survey. Budget balancing WHAT DO you know about your cash flow? More than you realize. Especially now that so much has just flowed in the direction of the tax department. But let’s take heart and look at the positive side - look how much more you know about your finances. 1. What is your yearly in- come from all sources? 2. How much income tax will you pay for 1983? What tax bracket are you in? 3. What are your living ex- penses on a yearly basis? In a word, cash-flow an- alysis, awesome though it sounds, is the measure of the money you receive and spend over a specific period of ime — generally 12 mon ths. Here's how — With a projected balance AFL: PAGE || unc AEAL POY At oe — Mock Exams The name friends recommend REAL ESTATE PRE-LICENCING COURSE 84-101 ano 84-102 Canada’s No. 1 Real Estate Company will be holding Tutorials for students enrolled in the above courses Take advantage of the tacilittes offered at our Training Centre Expert, Professional Instruction — Full Time Training Staft — Personalized Attention — Calculator Course — Extensive Reviews — 90% Success Record FOR FURTHER INFORMATION CALL TODAY CHUCK TRAUNWEISER, MANAGER NORTH VANCOUVER, B.C. 985-9544 (in this case $2,050) you now have a number of options - eYou can review your spending and decide wheth- er there is any way to in- crease the balance. lf not, you can set prior- ities for using the balance which is approximately $170 a month, e.g. building up a contingency savings fund, putting aside money for a vacation, carrying a loan for a major purchase such as a car or an RRSP or RHOSP contribution. But now, you can clearly see where you're going. If you pay many bills by cheque the job 1s half done. So head to your cheque re- cord booklet and add up “re- curnng™” expenses by cate- Bory Patricia Burns is Manager, Consumer Education, Bank of Montreal. 64 per cent of respondents in primary industries indicated that the five-year outlook for BC was good compared to 30 per cent who felt this way in the previous poll. The secondary sector was the least optimistic in the long-run with 38 per cent of respondents indicating a good outlook for BC com- pared to 29 per cent last year. For Canada, 39 per cent indicated a positive out- look, up from 24 per cent. Among the items monitored in the Business Trends Survey are corporate expenditure intentions on plant expansion, new capital and repairs and moder- nization. In comparison to investment intentions in pre- vious surveys over the last year and a half, a substantial number of respondents plan- ned to increase investment in new plant and equipment in their operations across Canada, while a decreased number planned to raise investment levels in BC. In total, respondents in- dicated that 55 per cent of all intended capital expen- ditures in the next 12 months are scheduled for repairs and modernization. The re- mainder of intended spen- ding will be divided between capital investment at 23 per cent and expansion expen- diture at 22 percent. Responses showed that funds for investment in pro- ductive capacity will con- tinue to be primarily inter- nally generated, ranking ahead of short-term borrow- ing and long-term debt. Forecasting operating trend variables for the next six months, respondents saw continued improvement. Sales, expressed in dollar value, are expected to in- crease tn 57 per cent of businesses surveyed, with 73 per cent of primary sector respondents predicting in- creases. Declines in both raw materials and finished goods inventories provide encou- raging sings of recovery. The number of respondents reporting inventory declines has increased from the last survey, with 52 and 46 per cent citing drops in raw materials and finished goods inventories, respectively. Forecasts of increased sales combined with indications of little change in inventory levels imply increased pro- duction rather than a further drawdown of inventories. The majority respondents believed of that labor-management relations’ in the province are not ex- pected to change in the near future. The primary and secondary industries were the most optimistic for the second half of 1983, with 22 and 23 per cent of respon- dents forecasting improved relations, respectively. Many cautioned that in- creased wage demands by unions have to be avoided in order to give recovery a chance to take hold in BC and in the rest of the coun- try. On the topic of exports, responses indicated op- timism for the second half of 1983. Eighty-nine per cent of respondents anticipated the volume of trade to stay the same or to improve. In terms of volume, the pnmary sec- tor remained the most op- timistic with 48 per cent of respondents anticipating an increase in volume as oppos- ed to only 17 per cent in the last survey. The primary sector, led by forestry and lumber pro- ducts, also was) optimistic Residential 1 Zone rayect any offer to Vane ouver Councits Sermveos Oepartment Street) North 404 Vancouver THE CORPORATION OF NORTH VANCOUVER TENDERS ON BEHALF OF THE CITY & DISTRICT OF NORTH VANCOUVER THE FORMER LONSDALE PRIVATE HOSPITAL SITE Seated bids in response to this tender will be recew ed by the Land Agent unt 4 OO pm Wednesday September 28 1983 for the purchase of the former Lonsdale Private Hospital site described below \ Zoned RM 1 Medium Density Apartment ( ageal on ation “mses Upset Oescrpoon ree er Lote OAL Sty Sse 36 SBM aS Olan Sieh ce) emo Bloch Me, YO) Blow hk iVvOnragy Ol say tast UJ th St \S6 ha Plan 245 mr} t oe OO na ia BIOS MUST BE RECIEVED BY 400 PM WEDNESDAY SEPTEMBER 286 1983 The City and Oimsteet reserves the night to ace apt or Putt habe Must be approved by the City and Oistrct of North A Tender torm package with al) apphcable informa Yon is avallable from the Purchasing and Property Caty Pra tas & Property Services Olers to pur hase baal Ho 141) West YH 776) rath Local HoLecrg Cand Agent 24 HOURS TELEPHONE ANSWERING SERVICE ONLY about an increase in export prices. Seventy-six per cent of respondents expected higher unit prices in the near future while only 10 per cent felt there would be a price decline in the next six mon- ths. $50 PER MONTH CLASSIFIED ANSWERING SERVICE 669-7973 THE CORPORATION OF THE CITY OF NORTH VANCOUVER TENDER CITY PROPERTY Sealed bids in response to this tender will be rec etv ed by the Land Agent until 4 OO pm Wednesday October 5 1983 for the purchase of City property described below Zoned M 3. Special industrial Zone lL egal Oesc nptiorn Lot 1O) Blor hk x Ot 265 Plan 17614 Lord) Blowk Di eos han V7O14 Lipset Price $H15 940 00 Loe ation Sure t ast sadie of O 408 tha 1OO Bik Max Kay Hoad North side of YOU Bk West 'st St at Mac Kay Road North aide of 7 SB he BOO Bik Wast Yet Sl Betw oon ™ 0 408 ha gate Yat OO Lott. Blow bh x Ot Lot Plans 1 7014 > Os Hanes Avenue & Mac Kay Road Noth ade of VOO Hk West Vat St oat Manen Avenue Wost Side ot 1OU Bik hanes Avenues Lat ls Bock x tb 26% Vian 1/14 aul ta got van OO tot 14 bow box oe Lor Plan 37014 Oh aur tra $Or wae oe BIOS MUST GE RECENED Hy 4o0 PM WEDNESDAY OCTOBER 5 1983 The City reserves the ght ta accept on raqect any offer to purchase Offers fo purchase must be ap proved by the City Councibof North Vancouver A Tender torm package with all apphcabte intone bom tis avatable from the Purchasing and Property Semices DOepartoent City Malt 147° West 14th Street North Vancouver 4 ( YH 7 7OY bocal 40) th Lec land Aqernt Proate Maaneig A&A Property Servic es