A7 - Sunday, June 24, 1984 - North Shore News

3 mailbox

><]

Dear Editor

Mr. Wickham, in his at-
tack on mutual fund based
retirement investments comes
up with the old bugaboo of
the so-called high commis-
sion on mutual fund invest-
ments.

Does he really want his
clients to believe that the an-
nuity companies are
charitable institutions?

Let me point out that when
an annuity company only
takes a two per cent spread
between the actual invest-
ment proceeds and what is
paid to the buyer of annuity,
the HIDDEN cost to the an-
nuitant is already about 16
per cent, and with a one per
cent spread more than 7.5 per

Unions

Dear Editor

Instead of engaging in
right wing rhetoric and union
bashing, you might have
checked the facts about the
shipbuilding industry.

Korean, Japanese and
other shipbuilders which you
hold up as examples are, in
fact, heavily subsidized by
their own governments. Jhe
subsidies are both direct as
well as indirect. Their
governments have used the
shipbutiding industry to
maintain and support basic
and secondary industry and
as a catalyst to propel them
into high technology. The
result is that they are now ina
position to take full advan-
tage of the = scienttfic-
technical revolution with its
mind-boggling opportunites,
while Canada, and British
Columbia in particular with
is inept leadership and its
relkance on raw materials, as
being relegated more and
more to the role of a pauper

The compames which you
state are going to Japan to

buy ships because they are
cheaper there, are receiving
large government handouts

(Canadian taxpayers’ dollars)
which, with the patriotism: of

a wolverine, they promptly

spend in other Countries No
other country permits that
sort of nonsense, bcan assure

you
The ignorance
hyprocrisy of

and
right owing
editorial writers never ocases
tO amaze me when they argue

Mutual
funds OK

cent (based on 20 years)
whereas openly, for everyone
to see, the mutual fund
would not charge more than
five per cent on a $50,000
investment.

The history of the past 15
years shows that people who
entrusted their money to
pooled investment specialists
are laughing all the way to
the bank, whereas the annui-

ty buyer is crying in the
supermarket.
Mr. Wickham, you may

have different beliefs about
the economic future but
don’t be so naive as to imply
that you work for nothing.

Cornelius Steenken
North Vancouver

bashed

for what amounts to the
dismantling of our industries
in the name of old line ‘‘free
competition’’, a 19th century
concept to which they cling,
much like the bushmen of
Africa cling to the idea that
the world is flat.

To quote John Kenneth
Galbraith, ‘‘today only con-
ventional economists,
graduates of second class in-
Stitutions of learning and
members of a lowly paid
craft, still argue for the era of
free competition.”’

Total mobilization of
resources, both human and
material, and manipulating
them towards national
Priorities is why other coun-
tries are advancing. No ‘‘free

competition’’ cobwebs in
ther brains.

Or, to put ato in other
®ords, the Canadian ship

building workers will be just
fine, provided they get the
same leadership and the same

breaks from their

own
government that others get
from theirs
Considering that you pro
fess to have the interests of
the community at heart, you
nught consider arguing for
the same support foe our

North Shore shipbuilding oo

dustry rather than, under the
guise oof Cunton bashing’:
and teactionary rhetoene,

ArQulng Agalnst it

Ernie (Crist
North Vancouver

draperies
by S. Laursen

Concentration camps suggested

Dear Editor

What logic and justifica-
tion is behind the cost of the
special insert to the North

Vancouver City Property
owners, with the 1984 Tax
notice, that states that ac-

commodating a guest in your
home is against the law?

The 1983 list of Bed and
Breakfast homes produced
by the Vancouver Conven-
tion and Tourist Bureau
shows a total of five
residences open to take in a
guest. Since then a number of
Registries have started to
book potential homes for
short term accommodation.

The Federal Government
received and accepted an ap-
plication for a $5,000 grant
for one of the North Shore
Registeries.

By creating more private
enterprise in the hospitality
business the community
receives an incredible ripple
effect, if the bureaucrats
know what that is.

Why are we subjected to
this phobia of rules and
regulations? Nobody is runn-
ing a public house or motel.

Perhaps the like of Ms.
Dean are sponsored and paid
by special groups that run the
motels on the North Shore.

Annuities, RRSP’s

Term Deposits
Financial Services

669-6116

RETIREMENT
PLANNING

& Financial Counselling

David J. Gowmon cLu
Serving you Professionally since 1966

© Tax-Exempt Trust Funds
e Insured Tax Shelters

Gowmon & Company

independent Consultants and Brokers
114-744 West Hastings Street, Vancouver, B.C. VGC 1A5

I would like to suggest the
following By-Laws and
Rures:

If your mother visits you
fiom Flin-Flon and pays you
in kind, such as dinner or a
gift for the children, a licence
for accommodation has to be
obtained.

2. Have in every block a
Government paid informer
(like Nazi Germany) to report
to City Hall any visitors that
look like they may be from
out of town.

3. Set up a special Task-
Force to fine and = arrest
anybody that keeps a friend
overnight.

4. Tap the telephone lines
and record all conversations
to. discover anything that
might be said against the
local or any government.

S. Set up special holding
camps for offenders and
decide in the future how to
dispose of them.

The Provincial Govern-
ment has a June 20th
deadline for applications toa
central accommodation
Registry for Expo. Will Ms.
Dean have her Bed and
Breakfast research done by
then?

Manfred Eck
North Vancouver

eve 987-8347

Budget Brake
ONE PRICE

MUFFLER SALE!

Right now at Budget Brake & Muffler we're having a
One Price Muffler Sale on a Gtdon brand muttles
that fits most domestic cars And depending on yout

for bed-and-breakfast criminals!

FLICKA GYM CLUB

‘Summer Program’ Registration
“One day only”

Date: June 26 - 5-8 p.m.

Place: Memorial Gym, Lobby
Three programs Offer:

No. | Gym & Swim — $7O0/wk.

Structured to evaluate children into groups in
order of ability and age.

2 Girls Gym — $507 wk.

(6-12 yrs.)
Gymnasts will be involved in special event days
and mini-Olympics.

No. 3 Kindergym — $ 2O/wk.
(3-5 yrs.)
An introductory program to gymnastics with
emphasis on motor skills.

For more information please call:
Sue Pierce at 988-6933 or Ruth Pilla at 986-1897

THE NATURAL CUT foliows the flow of the '
hair and is cut exactly as the hair falls. ,
Comb and fet dry or biow dry. ‘
]
A
’ |
)
INCLUDES 1‘
SHAMPOO &
conpitionina !
WITH §
THIS AD '
EXPIRES 8
July 1 ,
a
mS ™ l
THE NATURAL PERM |
follows the flow of the 8

haw and is curled
exactly as tt falls
Shampoo and tet it dry

$35
_s
NATURAL (ae

Hols 928 3

(REG. $45)

CDaISSAnC 922-6161
Wt CARE

FOR YOUR HAIR

10 AM -7 PM

660 Clyde Near Park Royal

PACKAGE

ford Chev Podttac etc
loyota Mazda Datsun etc

Domestic
and tnports

Includes

@ front pad.

B Installation

BB Hydrauhs oysters Check
@ Machine Kotor,

|

984-4296 = 980-8517

475 Manne Orive North Vancouver $14, © cotton Oortiwer Nath Vane ove
West of Capilano Malt | Across from Park & Titlord

12 MORE LOCATIONS THROUGHOUT THE LOWER MAINLAND TO SERVE YOU.

model car thus means

savings for you of up to

50% If you can't get your

muffier installed before the

end ot the sale drop in
duning that ume and pick

Custom Orapertes: Bedspreads
1 Venetian Vertical and Wooden Hlth.
‘‘in-home Service’
TREE ESTIMATES GLADLY GIVEN
All blinds 20% off list
Labour pes pane! $5 SO
huntined) $6 SO (lined
TOR TME FINAL TOUCH

Ham tot poe

ONE YEAR GUARANTEE
Inc tuding installation Fils most
domestic cars bord Chev Pontiac
Plymouth Dodge Chryster

up your Budget Brake &
Muffler rain Check good
tor 30 days

)

Monday thru Saturday

call 987-2966