on

TYPICAL SCENE IN FIJI — holidayers taking a dip off the sand beaches of one of
_ the smaller inhabited islands. (CP Air photo) — a a

. There will be a continu-
ing heavy demand for mort-
gage funds during 1978, al-
though perhaps down some-
what from the high levels of
1977, according to the pre- |
sident of the Canadian Ban-
kers’ Association (CBA).

Rowland C. Frazee said
in his annual report to the
CBA’s annual meeting in
Ottawa that new mortgage
approvals by the banks last
year totalled $6.09 billion
as against expected demand
‘of about $4.5 billion.

Frazee, president of The
Royal Bank of Canada, fore-
cast 1978 new approvals as
in the area of $5.82 billion,
down about 4.4 per cent
from a year earlier.

“This reduction should
not be seen as indicating a
lack of available funds or
willingness to provide them,
so much as that anticipated [ia
demand for the year will be
considerably less than in
1977 when actual require-
ments far outstripped earlier
forecasts.” -

Frazee’s report listed
mortgage loans outstanding |
from the banks as of May
17, 1978, at $12.48 billion,
up more than 26 per cent.
from $9.89 billion a year
earlier.

Of the latest total, mort-
gages under the National
Housing Act increased 32.3
per cent to $7.54 billion
and conventional mortgages
were up 18.1 per cent to
$4.94 billion. |

“It is important to note —
also,” Frazee said, “that
these figures cover only |
mortgages’ made by the
banks. directly and do not
include. the very substantial
advances made by some
banks’ mortgage affiliates.”

\

Page 34, December 6, 1978 - North Shore News ~

under royal palms with the
heavens for a roof.

Other island resorts that
offered charm and setting for
an unusual holiday were
Coconut Plantation and Trea-
sure Island, the latter with
higher tariffs befitting the
superior accommodation.
Others that caught our fancy
for a perfect holiday were
Manna and Castaway Is-
lands. All island resorts offer
equipment. and coaching for
snorkelling, water skiing and

beautiful coral sea.

GAME FISH ABOUND

_ They boast of exciting
deep-sea fishing on the Coral
coast where giant black
marlin, sailfish and barra-
cuda abound. But our host,

totem pole! As well as the view, you get the variet
Here are some samplings from our menu.

_Luncheon Specials
Monday-Friday, 11:30 a.m.-2:00 p.m.
Firepot Feature

__ Hot entree of the day,
pudding or jello, tea or coffee.

Dashaway Feature | 2.1 9

Soup of the day, assorted sandwich plate,
pudding or jello, tea or coffee.

scuba diving in the unusually.

It’s a feast for your eyes, too!

Dat the’ Bay's newest buffet, you'll enjoy your meal in a i calc,
. : relaxing locale

overlooking the beautiful Capilano River. Inspired by the Northwest Indian “

heritage, our restaurant decor features local Indian artifacts, murals...even a

y and vaiue we're famous for.

Thursday Night Famil
Served from 4:30-8:00 p.m.

Eparama (Abe). Yavala was. |

downcast, as we were, after
two frustrating days when

winds prevented us’ from’
going after big game fish.
“They are there’’,. said.

handsome Abe. ‘We'll ar-

range for you.to come back ~
and bring along Canadian_
fishing writers’’. We’re sure

to remind him!

SAND AND SEA

Tourism minister Tomasi —
Vakatora, who ‘hosted. the
Canadian delegation, said.

his government was _ hot
happy with the International

Air... Transport association, |
whose surcharge... stopover -

penalty, he claimed, was
designed to discourage tour-
ists stopping in Fiji. Vakator

said his government was
talking with U.S. authorities .

regarding a plan to obtain

rights for Fiji to provide their

own air service between that

Roast Beef Feast

Roast beef dinner with Yorkshire pudding.
potato and vegetable, tea or coffee. 9

2.99

Children’s Feature

Bay Burger with regular Coke and

1.89

ice cream.

Capilano Buffet, upper floor, the Bay Park Royal.

: **must’’. wo

y Specials

1.19

country and Canada. He
would like tok see CP Air “‘do
something “more ‘critical’,

apparently suggesting they
_incréase their’ now. twice-
weekly stop. |

- Incidentally, Al Wymann,
general manager -and-~ our

host ‘at the posh’ Fijian hotel
on the coral ‘coast, was once .
‘maitre -.d’ at" Banff. Springs .

Hotel. Shane Niblock, former »

partner of the late Al
. Williamson of Vancouver, is
‘now a successful. publisher of
business magazines ‘in. his

native New Zealand.

P.S. . **Discovering’’ the
Yasawa chain of Fiji islands
on a three-day-night - Blue.
Lagoon cruise is considered a

Ed MacPherson is a travel
consultant. with Kerrisdale
Trayel Service in Vancouver.