municipaliti _ presently Grawing a bead ‘on commercial video game operations.—_-whether full-scale arcades or a handful of machines added as an attraction in some non-related business.. North ‘Vancouver City aims to limit such operations to. eight machines (meaning no more full-fledged arcadés) and to hike licence fees by 300%. West Vancouver's draconian new bylaw would set a maximum of three machines in a minimum space of 7,000 ‘square metres. North Van District is also: ‘looking at tough new restrictions. _It's not completely clear what the sudden is all about. Video games are the natural electronic-age descendants. of the pinball table which bas been around for decades. operators ‘p al -and move. in that. direction, ‘Video games may not be the ideal recreation: for. young people in the eyes of some of their elders, but the same was said of the ol id pinball joints and pool halls. UA least, the video-game outlets have the especially. in the case of well supe rvised operations - “Hike . North. Van's ‘Right-On Submarine and West: Van's: family-oriented , Branswick Lanes which would-be hard-hit victims of. the Proposed mew regulations. ; aw. t: Ine d ming dows to ke North fenctine a Witle, And if 50, why? : Amazing! Canada Manpower, apparently falling over its feet, managed to supply only 10 unemployed persons for the 47 openings offered by West Vancouver under the federal-provincial make-work scheme — and even those arrived two weeks late. Some also lost benefits because they were taken off the UIC computer. Explanation: the maze of paperwork created. Merry Christmas, Manpower, from the 37 jobless you mislaid in the maze. TE VORCE OF NORTH AND WERT VANCOUVER sunday news Display Advertising 980-0511 north shore Classified Advertising 986-6222 news Newsroom 985-2131 Circulation 986-1337 1139 Lonsdale Ave. , North Vancouver, B.C. V7M 2H4 Publisher Peter Speck Asaociate Publisher Robert Graham Editor-in-chiof Advertising Director Noel Wright Tim Francis Personne!) Director Mrs Berni Hilkard Circulation Director Bran A Eths Production Director Office Manager Chris Johnson Donna Grandy Photography Manager Terry Peters North Shore News, tounded in 1269 as an independent Community newspaper and quatitied under Schedule It Part til Paragraph tl of the Excise Tax Act is published each Wednesday and Sunday by North Shore Free Press Ltd and distributed to every door on the North Shore Second Class Mail Registration Number 3886 Entire contents 1962 North Shore Free Presa Ltd. All rights reserved Subacriptions North and West Vancouver rates available on raquan! $26 per year Mailing No responsibility accepted for uABobcted matedal ichiding Ani tpl and pictures which should be acCompaniod by & stamped AAAS Hed PAVE pe VERIFIED CIRCULATION 64,643 Wednesday, 64.093 Sunday | fay sm & poet pe Ta THIS PAPER IS RECYCLABLE ' Governor BANK OF CANADA Gerald Bouey announced recently that the Bank of Canada would be abandoning its famous M1 or narrow money supply growth targets. The obvious question is what does this mean for the average Canadian if anything? In order to answer that question we have to ask why the targets were adopted in the first place. The reason | - was that the Bank of Canada _ Gid, not have: a- clear’ in- - dicator of monetary: policy. That is to say, very ‘often they didn’t know whether monetary policy was actually easy or tight. For example, as long as they were using interest rates as the barometer of monetary policy, they never knew whether interest rates were rising because of what the Bank of Canada was doing or because of what was happening in the economy independently of the Bank of Canada. The money supply, only:the Bank of Canada can control, only the Bank. of: Canada can make it increase and decrease. So the importance of the monetary target in the first - place was that it provided CHRISTMAS BOOZE can soar to an astronomical price, literally without warning. But now there's a new way to keep down the cost. First, however, the figures. If you weigh under 200 1b., as few as two drinks can easily put you over the .08 mark. If you're more than 200 lb., maybe you can risk three, though don't count on it, “But heck, Christmas comes only once a year and a party’s a party! Let's have just one morc....” Out there on the dark road home the boys in blue are waiting with the bill. A fine up to $2,000. Possibly, at the judge's pleasure, up to a year in jail as well (an automatic minimum of 14 days for a second offence). Licence lost for up to a year. Finger- printing. Criminal record. Bye-bye Christmas. Bye-byc New Year. It couldn't happen to you — but it did This year you may bo able to avoid that bill in a more convenient way than calling a cab or slecping on your host’s sofa: phone Greg Caple. Greg is an enterprising 33- year-old Vancouverite who's just launched a get-you- home-safely service for both you and your car, He dispatches a radio- controlled two-driver rescuc squad to your party location. One sober, licensed, insured the Bank of Canada with a clear idea of what it was... doing to the economy. Unfortunately, the Bank of . Canada set its tarpets: ‘in terms of just two -of the things which people use as money, namely, ' currency and chequing accounts _ they ignored savings deposits and term deposits.» : Because. savings. deposits and term deposits were not ‘included in the definition of money, a” decision of controlling. ‘somevody “to “hold their money in. the form of savings deposits” ‘rather’ than .as a -demand | -deposit . influenced the.total ‘size ‘of the. money supply~ which. the: Bank of Canada was monitoring and Because the | targets.were set in terms. of the . narrow definition of money -and people were ~ operating: ‘in terms of the ‘broader definition, the Bank | was bound to have problems of the money changing in character. And, “No, no, Higby. It's ding before dong except after bong.” driver gets behind your wheel, drives you home followed by his companion in the service car and parks your vehicle neatly in your garage or_parking space, all ready for you the next morning. So far Greg has six cars available for calls, manned by dependable, mostly unemployed drivers, and hopes to have more soon. Under the name of Crane Driving Services they operate from 12 noon to 6 a.m. the following day. Within five miles of Kit- silano the flat rate charge is $25. Beyond that radius (c.g., on the North Shore) the additional charge is reckoned at $25 per hour. In- many cases, even this would compare favorably with taxi fares, remembcring you may have to have a second cab the morning after to recover your own car from the party place. And Greg says he'll donate any profit from the enterprise to the Vancouver Counterattack Committec, dedicated to cducating the public about the dangers of drinking and driving. The number to call while you enjoy that final third, fourth, fifth or sixth drink is 733-0732. As the American express ads say, don't leave home without it... Rita Barski of West Van slaps me politely on the wrist about my recent column on a new neighborhood pub application where I wrote: “In the English pub tradition, opening hours would be from 11 a.m. to 10:45 p.m” As far as the initial opening hour and the final closing hour go, that statement (with slight local variations) stands, whiclr is what I had in mind when | used the word “tradition”: English pubs close by 11 p-m. But Rita's right in pointing out that they're also required by law to close for four hours during the day, usually from 2 to 6 p.m. That, of course, being the period dedicated to an even more sacred British in- stitution — afternoon tea. YULETIDINGS: mended Stronge, C.M — the Mount Seymour Lions Christmas tree sales at Capilano Mall, going strong through December 23 with all proceeds to Lions charities and community projects ... Similar deserving tree merchants are the Weat Van Lions at Ambleside and the Boy Scouts at Park Royal ... Com- Happy retirement Christmas’ to West Van's George Carlisle who calls it a day this month after 30 years as senior financial officer for the Greater Vancouver Regional District ... A Christmas welcome to North Van adman John Leonard, who's moving his Bigtown supply . to you by Stan. indeed, just those. kinds of problems began. to emerge. Some adjustment in the money supply targets to accommodate these changes was necessary. But how much and when? ‘Rather than attempt this ‘process of adjustment of the target, the Bank of Canada has obviously decided to abandon them altogether, at least for the short term. I do not believe that this means that the. Bank of Canada has abandoned monetary targets.” ‘think that rather, for its -own administrative purposes. internally, it will |. simply switch ‘to..a. broader definition of money, one that will. include «all kinds of ‘money which people select to use and that the overall effect on monetary policy will not be that great. What will change, however, iS the ease with which ‘the financial com- munity can read precisely what the Bank of Canada is doing. Increases and decreases in the money supply will not convey nearly as much information about the operation of financial markets as it used to do. It will also make it more difficult for commentators such as myself to write in precise terms about what the Bank of Canada is up to. I am sure, however, that that had nothing to do with the decision. (Dr. Walker is Director of the Vancouver-based Fraser Institute.) agency, Walker Leonard Advertising Ltd., lock, stock and barrel on to his home turf this-month — at 217-260 West Esplanade (985-7411) . Cable West's program- ming lady, Kaaren, reminds you to tune to Channel 10 at 7 p.m. Wednesday or Thursday for their special presentation of “A North Shore Christmas” And don’t forget the Christmas gift of life at this week's three Red Cross blood donor clinics: Lions Gate Hospital, Monday from 10 a.m. to 4 p.m. and Tuesday from 2 to 8 p.m.; or West Van Rec Centre gym, Wednesday from 2 to 8 p.m. oe @ WRIGHT, NOT WRONG: My warmest wishes to you, dear readers, for a truly happy Christmas enriched by the people, memories and hopes you cherish. INFORMATION HOT LINE 879-5721