30 - Wodnesday, July 2, 1997 — North Shore News north shore news _@ BUSINESS ante eRe mt ten Se oe in Af td aetna: —etman eR «bam NSE Mat Lame SRneeL ttepanN ent Qe RiNONSNDAIRSMRE SSL RRA Bt : ! . HUMMERS roamed about the back roads at Grouse Mountain June 22. The North Vancouver event was, spon. sored by numorous businesses. Mountain Dew “dewe" Junior John Witzing graces the hood of one of the ~ four-wheeled wonders. ny Dum id and Hummer i a " NVC pub takes to street yy Jotande Waskito . Contributing Writer NORTH \ Vancouver City. councillors who - recently attended a conference’in Ottawa . liked the wine-and-. dine-on-the-sidewalk ; atmosphere of the capi- = tal city so much, they ” decided to OK such a proposal isn Lonsdale. “We recently” went toa conference ... there was out- *. door dining: and people were civilized,” | Coun., Barbara Perrault ‘aid, “E think we ye ~ come of age.” ok Coun. Barbara ‘Sharp agreed it was “a wonderful - way to create an atmosphere.” Mike Rakis, owner of Jack Lonsdale’s Neighbourhood Pub at 1433 Lonsdale Ave., got five thumbs up from council to have a patio serving alcoholic beverages wit food on the city’s sidewalk. Patrons will be surrounded by a 110-cm (48-inch) high aluminum .. barrier »— a requirement enforced by the Liquor Control and Licensing Branch — similar ‘to’ those erected at Starbuck’s cofiee shops, Rakis said. The © railings will . be removed “at the end ‘of each season, which will run from about mid-May to mid- September, he added. A-dress code for patrons of the 20-seat capacity patio will be enforced, Rakis said. Other city pubs, including Sailor Hagar’s, Rusty Gull and Qucen’s Cross, already ‘have outdoor patios where ‘patrons can order only alco- alic beverages. Those patios are located on private proper "Council voted unanimous! : ly to allow a patio at’ Jack Lonsdale’s Neighbourhood ‘Pub for a three- -year_ period, with signage stating that cus- tomers to the outdoor dining area be served alcoholic bev- rages with food service only. MERCEDES BENZ OWNERS | If you wish to sell your vehicle directly to Mercedes Benz or if you would like a current _ evaluation of your vehicle, please contact the Sales Manager at your convenience, MERCEDES- Real Divisio 1593 WIESE BROADWAY 367 ARINE DRIVE, BENZ GANADA INC. #1) 984 9351 a. ‘Tax Freedom Day for B.C. residents now occurs near the end of June. This means half of your income is now being paid’ out to governments in the form of taxes. B.C. is the only province in Canada that offers “yesidents a unique opportunity to divert some of your tax money into an investment that you control. The federal and provincial governments together will contribute as much as 84% of the cost of your investment in the form of reduced income tax. If you have to pay the Moncy out regardless, why not have something to show for it? How does a Venture Capital Corporation (VCC) work? The provincial govermnent qualifies various investment vehicles us V.C.C.’s, If you then invest ina V.C.C. you are guaranteed a minimum return of 30% on your investment, regardless of your tax bracket, in the form of a tax credit, It is an absolute reduction of your tax bill, In addition, depending on your tax bracket, the federal government will give you as much as 54% of your money back in the form of tax deductions to the extent you contribute your shares to an RRSP now or in the future. Accordingly, as much as 8456 (30% + 54%) of your investment will be returned to you on this year's tax return. For example, an investment of $25,000 will yield a tax reduction of $21,000, leaving money at risk of only $4,000, On top of all this, you are entitled to an 8% prefereace dividend on your original invested capital, plus you will enjoy a preferemial return of capital, plus you control a percentage of any incremental profits. ‘Taxes.are too high, and for most people, investments are tao low, The V.C.C. program offers a way to reduce your taxes and increase your investments at the same time. Shoulda’t you take some time to look into this opportunity? For mare information contact Fraser Smith at KittyHawk Securities Lid., (250) 652-0825 ‘This is nut vo be construed as a public offering of securities which nay only be done by Offering Memorandum. COOLING TECHMICIANS : B.C.AA. + ALRA, & GOVT. APPROVE AIR CONDITIONING & COOLING GOVT. 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