6 - Friday, December 2, 1988 ~ North Shore News Keeping to simple math helps avoid seeing red! SIMPLE MATH ISN’T ALWAYS ACCURATE and accu- rate math isn’t always so comforting — as tax specialist David Ingram of Cen-Ta Services recently had occasion to remind North Van District. District had suggested adding a couple of street lights to the 4400 block Prospect Road, noting that the monthly cost would be only $10.17 apiece, payable out of general revenue. That sent David, a local homeowner who says the lights are not needed, hotfoot to his computer. He’s presently writ- ing a book on RRSPs and is thus deeply into the wonders of com- pound percentages. He did a detailed 20-year projec- tion of the TRUE cost of a single new light. Including initial capital expenditure at $300, he assumed that money costs the district 9 per cent p.a. and that energy prices will rise by 10 per cent p.a. The 20-year total comes to $15,248.88 or an average of $68.54 per month. If yearly energy price increases were as low as 6 per cent, the total HRN és _ ; DAVID INGRAA ...counting the cost. an Far-s analysis. released in March. igh ted views Te: CONTINUED good economic health of would be about $4,000 less — $11,294.81 or $47.06 per month — but still a far cry from the rosy of- ficial forecast of $10.17. Maybe it’s no big deal either way in relation to district’s total budget. But what about the REAL big-time spenders? It Ottawa uses the same simple math, no wonder the feds have saddled us with a national debt of $330 billion — and now need over a quarter of all the money we send them just to pay the interest! kat BIGGEST TV charity fundraiser per capita in North America, the Timmy Telethon for Crippled Children seturns this weekend on CBUT Channel! 3 with non-stop entertainment from 8 p.m. Satur- day to 5 p.m. Sunday. Sponsored by the B.C. Lions Society for Crippled Children, it comes live from the QE Theatre, emceed by Pat Boone and Red Robinson with a star line-up that includes Roger Whitteker, Tanya Tucker and a host of other showbiz celebrities. Pius, of course, this year's Tizamy in person — eight-year-old Jordan Ashby of Burnaby. During the 21-hour show they hope to equal or beat last year’s $3.5 million, so keep your VISA card handy! ket POSTSCRIPTS: Always an ex- citing event in the Canadian art world, the formal opening of Daniel Izzard’s annual exhibition Wednesday evening at the Har- Lower Lonsdale will depend largely upon some far-sighted conclusions being reached in North Vancouver City’s highrise development view impac As it stands now, two multi-million dollar projects proposed for the St. Alice and Olympic Hotel sites have been put on hold until the study’s results are Neither of the developments — a 28-storey commer- cial-residential tower at the St. Alice and a 24-storey condominium-commercial structure on the Olympic’s property — comply with the new proposed city bylaw to restrict building heights in the Lower Lonsdale area to six storeys. And neither have received sufficient public scrutiny to warrant approval yet. But on the surface, the prospect of two tall thin towers with sufficient remaining property for land- scaping, commercial and open space would be far more desirable on the old hotel ‘ocations than two six-storey residential blocks, which would leave little room for accompanying design attributes and which would consequently be less appealing to buyers and developers alike. Nobody wants a concrete curtain along North Van- couver City’s waterfront, but, with competition for consumer dollars increasing in all areas of the North | Shore, Lower Lonsdale and its merchants need revitalizing residential developments to ensure a con- tinued economic and social flow to the area. Highrise development has often deserved the public negativity the term now elicits, but in some cases it is a far more efficient and interesting use of urban Jand- scape than any other alternative. INSIGHTS rison Galleries, Park Royal South, displayed 76 of his latest paintings -—~— featuring scenes in Quebec, England and Wales, With over a quarter of them sold in advance, the show continues at the gallery until Dec. 7 ... For post-secondary students seeking summer employ- ment PLUS adventure next year Cap College has over 60 overseas job openings, each of 8 to 10 weeks, available in Thailand, Turkey, Japan, China and Ger- many. They range from helping refugees in Thailand to working in a German bank, some offering room and board or accommoda- tion with a host family, and many not requiring a foreign language. Applications are due soon and meanwhile you can call Barbara Hankin at 986-1911, local 2408, for more details ... Supporters whe quite literally put their heart into the event enabled last Saturday’s “Dance for Heart’? at West Van Rec Centre — organized by Judith Robitaille, Janet Fleming, Charity Reddington and honorary chair- man Denese Izzard — to raise $3,300 for the Heart Foundation. Ht came mostly from pledges col- lected by the 85 or so ‘‘fitness’’ buffs who sweated out 75 minutes of vigorous aerobics! ... And thanks to that $2,000 cheque last week from North Van Fraternal Order of Eagles, the North Van Ambulance Service now has fully equipped packs with emergency medical supplies for ‘‘over-em- bankment”’ rescues in difficult ter- rain (see picture). v—aee WRIGHT OR WRONG: You can buy employees’ time and labor, but their loyalty you have to ° friday NEWS photo Cindy Ballemy EAGLES TO THE XESCUE (see cotumn item)...(left) Ambulance chief Tim Jones behind paramedic Richard Foster; (right) Eagles president Tom Pennington and L.A. president Anne Van Bolkom; (centre) Eagles EARN. Mother of the Year Frances Hart. At Verein Gora. £ Publisher ........... Peter Speck Managing Editor... . Barrett Fisher Associate Editor .... Noel Wright Advertising Director Linda Stewart North Shore News, founded in 1969 as an independent subutban newspaper and quahtfied under Schedule 111, Paragraph Hil of the Excise Tax Act. ts published each Wednesday. Friday and Sunday by North Shore Free Press Lid. and distributed to every door on the North Shore. Second Class Mail Registration Number 3885. Subsctiptions North and West Vancouver, $25 per year Mailing rates available on request. Submissions are welcome bul we cannot accept responsibility for unsolicited maternal including manuscripts and pictures which should be accompanied by 4a stamped, addressed envelope. TIME VINCE OF WORTH AMD WEST VANCOUVER: north shore SUNDAY + WEONESDAY - FRIDAY 1139 Lonsdale Avenue, North Vancouver, B.C. 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