> te 20 - Wednesday, March 6, 1991 CHAMBER NEWS WEST VANCOUVER-Howe Sound MLA John Reynolds will be the guest speaker at the March 12 breakfast meeting of the West Vancouver Chamber of Com- merce. JOHN REYNOLDS...guest speaker at breakfast meeting. For reservation information, call the chamber at 926-6614. In other chamber news, presi- dent Roger Cayford and past- president Bill Soprovich recently presented the chamber’s brief to West Vancouver District Council on the 1991 provisional budget. “Our basic message was to sug- gest to council that they consider affordability and the specific needs of West Vancouver as key elements in their deliberations,” said Cayford. He added that council was ask- ed to quickly implement the rec- ommendations of last year’s Fi- nance Task Force report and ex- amine the issues of what he called the inequity between commercial and residential taxation levels. Cayford said higher operating costs and marketplace uncertainty were cited as major concerns in the business sector, which would not be helped by a major tax in- crease. “The many store-front vacan- cies in our business districts, 37 at last count, must be cause for con- cern for both business people, res- idents and municipal officials alike,”* said Cayford. BANK PROFITS THE HONGKong Bank of Canada (HKBC) has reported a consolidated net income of $14.5 mitlion Cdn. for the three months ending Jan. 31 1991 compared with the $6.1 billion reported at Jan. 31, 1990. The bank said net income and asset growth reflected both the continuing expansion of its business and the acquisition of Lloyds Bank Canada last year. “In a period of economic dif- ficulty, these results are par- ticularly satisfying and they reflect the smooth integration of the Lloyds Bank Canada operations acquired jess than a year ago,” said HKBC president and chief executive officer James Cleave. The HKBC is the country’s leading international bank and has a network of 110 bank offices from coast to coast. It is a member of the Hongkong Bank Group which, with assests over $143 billion and more than 1,300 offices world-wide, ranks among the 30 largest banking groups in the world. FEDERAL FUNDING FEDERAL FUNDING has been approved to support a Vancouver school uniform manufacturer that is at the top of its class. Top Ten School Wear Inc. will receive a repayable contribution of - North Shore News $10,000 for a marketing and in- ventory duild-up effort aimed at Penetrating the Washington mar- ket, Western) Economic Diver- sification Minister Charles Mayer recently said. “This is a solid well-managed company with a good track record and excellent prospects for moving into the export market,’ said Mayer. ‘‘This federal assistance will give the company’s marketing effort a boost, as well as helping Top Ten build up inventory for new U.S. sales.’’ Margaret McLean, Top Ten owner and manager, started manufacturing private school clothing from her home in 1979. Since then, Top Ten has estab- lished itself as a major supplier of top-quality school uniforms to most of B.C.’s 25 private schools. The company product line in- cludes tartan tunics, kilts, sweaters and blazers and a complete line of quality school wear. Top Ten has been manufactur- ing in-house and using outside subcontractors but has recently consolidated its operations with new showroom and plant facilities in Vancouver. The Federal Business Develop- ment Bank is helping Top Ten buy equipment and upgrade the facilities. DEFECT DETECTORS BURNABY-BASED Dynamic Signal Analysis Corp. (DSA) has developed a new system that iden- tifies defects in key machine parts used in industrial operations. The company will receive a $260,000 repayable contribution from the federal government’s Western Diversification Fund to 7. “We offer business immigrants the ideal location ina wide range of industries,” says Elrood Veitch, oflaternational Bt and Immigration. “We want to Share their dreams.” E rst you have a dream. And then the work begins. Financing, organization, pro- duction, market development. For many B.C. companies, import- ant steps toward success started with the Ministry of International Business and Immigration and the British Columbia Trade Development Corporation. We'll heip make that dream come true British Columbians who see international opportunities for their products can count on these partners in ex- port to open doors for 8.0.5 export sales bave risen 130 percent. Today, exports total close to S18 billion cach year... and one ofevery seven johs in our province depends on expart sales. them in global markets. And, doors are opening for business people wanting to immigrate to this province. Special assistance in establish- ing residence here is available for many Over the past decade, BUSINESS BRIEFS Surj Rattan BUSINESS BRIEFS market the DSA automated diagnostic expert system to mills, manufacturing and areospace companies in North America and Asia. Total costs of the project are estimated at $585,000. The DSA system records and analyses vibrations produced by machines so that potential defects such as worn bearings and gears can be detected early. It’s classified as an early-warning system of possible break downs. By comparing current vibrations with recorded norms, the system automatically informs users of problems, suggests a likely cause of the defect and recommends corrective action. FREE LEGAL ADVICE SEVERAL FREE legal clinics will be offered in West Vancouver to those who cannot afford a lawyer. Dugald E. Christie of the law tirm Christie and Company will offer the free law classes on March 7, 14, 21, and 28 at the West Vancouver Baptist Church, 450 Mathers Ave., in West Van- couver. THE CITY OF NORTH VANCOUVER Additional classes will also be held in April, May and June. For more information and to book appointments for the legal classes, call 922-0911. NOTICE POLICY COMMITTEE MEETING The Members of the City Council will be considering the following item at a meeting of the Policy Committee, scheduted for: MARCH 11, 1991 in the COUNCIL CHAMBER, CITY HALL 141 WEST 14TH STREET, NORTH VANCOUVER, B.C. at 7:30 P.M. TWO LANES EASTBOUND ON KEITH ROAD FROM GUEENSBURY AVENUE TO HEYWOOD STREET Chairman — Aiderman R.C. Clark invites all interested per- sons to attend the Council Meeting and to make com- ments on the above issue concerning the efficiency and safety of Keith Road. Bruce Hawkshaw City Clerk 4 Wien Joe Cenasa (left) came to British \- - ao Si. Columbia fram Italy, be w 0s thrilled hy what be saw — wide-open spacesand “millions afopportunities.” Today, with sales management by Mike Hayman (right ), bis CEC Wood Products in Quesnel sells through the Ministry of Interna- tional Business and Immigration. Investors, self-employed persons, and those who wish to operate businesses may qualify as business immigrants. Details of the B.C. Imunigsation Program are available from the Ministry of International Business and Immigration in Vancouver and from British Columbia panelling, cabinets and other custom products to countries around the world. offices and Canadian embassies, consulates and high commissions around the world. New opportunities for British Columbians Through B.C. Trade, an agency of the Ministry of Inter- national Business, here are some of the ways we can help your company build export sales: * Identification of market oppor- tunities * Export sales training - * Access to our worldwide B.C. Business Network Ministry of International Business & immigration MAING i « Financial assistance through the New Market Develop- ment Program « Working capital obtained with help from the Export Loan Guarantee Program. For more information please contact: Ministry of International Business and Immigration, Tel. (604) 844-1800 Fax (604) 660-3917 Suit2 629,999 Canada Place, Vancouver, f REAM B.C..Canada VOC 3El Honourable Elwood Veitch, Minister