"Page A2, October 10, 1979-NorthShoreNews

, ELEVEN: -YEAR- LD OWEN SAMPSON will have to. walt a “while. before heican
enjoy:the prize he won in a recent Woodward's contest. He's seen above at the wheel |
of his new $6,000 Suzuki jeep while Will Sampson tries out the back seat. Meanwhile, ~'

receives the:keys from Suzuki representative Larry ‘

- ‘Oxenham with Woodward's Park ‘ Royal store manager | john Carpenter looking on.
(eng! Petersphoto) =. .

2 happy dad, Bill Sampson,

‘The easy credit syndrome

By Ww. ROGER WORTH

Many Canadians appear to
be robbing Peter to pay
Paul, borrowing ever larger
amounts of money to sup-
port their lifestyles and’ the
standards of living to which
‘they have become ac-
customed, ~

Month after month, it
seems, short-term borrowing
by, consumers séts a new
record. That includes the
phenonienal _ growth=: i

north shore. |

(604) 980-0511

CLASSIFIED
‘986-6222

"CIRCULATION
986-1 om

Gu SN

Publisher
Peter Speck
Associate Publisher
Bob Graham
Editor-in-Chief
Noei Wright
Managing Editor
Andy Fraser
News Editor
Chris Uoyd
Photos
' Ellsworth Dickson
" Advertising Director
‘Eric Cardwell
Traffic Manager
Donna Champion
Production
Tim Francis
Faye McCrae
Classified
Berni Hilliard

Administration
Andrew Walters

Accounts
Syivia Sorenson

North Shore News, founded in
1969 as an independent
community newspaper and
qualified under Schedule 111,
Part 111, Paragraph 111 of the
Excise Tax Act, is published each
Wednesday and Sunday by the
North Shore Free Prass Ltd and
distributed to every door on the
North Snore Second Class Mail
Registration Number 3885

VERIFIED CIRCULATION

49,503

Entire contents”. 1979 North Shore
Free Proes Lid All rights reserved

THIS PAPER (IS
RECYCLABLE

charge card outlays, as well |
as such items as term lending ©

.(cars, boats, furniture) by .

Canada’s chartered banks,
trust companies, finance
-companies and_ credit
unions.

Even 18% interest rates
on charge cards and 14% to
16% rates on term loans
haven't slowed the Process.

' The credit granting in-
stitutions, of course, are
* elated’ ‘that’ conSiimier’ credit *”
is rising, although they area
.. little concerned about in-

7 creasing bad-debt losses.

7 Yet shori-term lendingisa
very profitable business
indeed. And: with a glut on™
money in their coffers, the
financial institutions are
bending over backward to
oblige those secking credit.

While most Canadians
treat the casy availability of
credit with respect, high
pressure advertising (wil
that be cash or Chargex ..
Visa) can create problems.

The number of borrowers
who get in over their heads is
rapidly rising.

West Van seeks
police subsidy

FROM PAGE A1

In addition, West Van
council wants assistance
from Victoria for the capital
financing of police buildings
and renovations. The
municipelity recently em-
barked on plans for the
construction of a new
million-dollar police head-
quarters.

Finally, the West Van
resolution at the UBCM
meeting asked for an
amendment (o_ provincial
statutes which would allow
transfer of fiscal control of
the police department from
the police board to
municipal council.

If West Van succeeded in
obtaining a senior govern-
ment subsidy equivalent to
the 32.9 per cent of policing
costs paid by Ottawa to

Ta - Still, “even “though, credit

‘among the largest per-capita
‘savers in the world.

| /FrankB Baker’ Ss

ATTIC

tor your next party
susie aaa | Frank |

4 Your birthday < or anniversary gets a ‘special song:
| from Susie Francis

4
2

Your out-of-town friends get a welcome trumpéts solo.
from Frank -

‘

*

We

Your “Whatever” get-together gets free sing along:
— dancing & fun show |

The ‘menu is good and reasonable and the.
atmosphere | isa fun museum

In July, for example, 1,252
Canadians went bankrupt, .
up 13.9% from 1,099 the
previous year. :

The attic has 5 Saturdays a week!

‘In the January to July
period this year, 4 whopping
13,473 individuals and firms
went bankrupt.

Reservations 922-3224 — Park Royal -
West Van

This is only the tip of the — . =
- credit problem iceberg.
Thousands of other people
have been forced to resort to
credit counselling agencies .
“atid “ similar “organizations.+: .
Many others stave off their’ . co me Cee a
difficulties -by arranging. a rr emeehd
new “consolidatio: #" loan. yo ; se

Figure 1——
slimming studios

Announces:

P.S. Phone Juné for your next meeting or banquet.
She has 5 party rooms.

‘problems are growing and*
‘collection agency business is -
booming, it’s also important
to note that Canadians are .

Evidence, perhaps, that
people are more responsible
than the gloomy bankruptcy
figures indicate.

We have moved
and expanded!

Roger Worth is Director,
Public Affairs, Canadian
Federation of Independent
Business.

That’s right! Figure 1 has new
facilities to serve you. Figure
1 specializes in o new method
of cellulite control and inch
and weight loss. 1 did it! So
can you with Figure 1. Just tie
back and take off inches!

municipalities

using
RCMP,

the current $19
million total municipal
budget would benefit by
approximately $714,000.

the

Under two. significant
headings the West Van
police department presently
enjoys a favorable standing
compared to most of the
other If “independent”
municipalities.

In terms of its cost per
$10,000 worth of property in
the municipality the West
Van force ranks third
lowest, with a comparable
cost figure only half that of
New Westminster,

For more information please
telephone or come by

Figure 1

West Van also ranks third is
lowest of the twelve in its
crime rate -- an achievement
attributed (to the | police
department's strong crime ‘
prevention program.

Hollyburn Plaza
~ 1785 Bellevue Ave.
a West Vancouver

922-8011