_~

ray. from. ‘the

8.
‘ne matter how -

The result: consumers are’
paying..more and ‘more ‘in- :

terest on loans, thousands of”

small’ and medium sized

‘businesses are in financial

difficulties. or .can’t find

. enough money to expand,
and . .the.: Fising - -rate of '

bankruptcies ©
unabated. -

‘continues

awit costlier money isan

7 peiclanel foe
(804) 980-0511
CLASSIFIED
986-6222
CIRCULATION
986-1337

Gu Ski

Publisher
Peter Speck
Associate Publisher
Bob Graham

‘ Edfttorin-Chiet
Noel Wright

Man megingeon Edlktor
Newa Editor
_ Cris Lloyd
“1. Photos
Elsworth Dickaon.
‘Advertising Director
Eric Cardweal

Traftic Manager
Donna Champion

Production
Tim Francia
Faye McCrae
Classified
Bemi Hilliard

Administration
Andrew Walters

Accounts
Syivia Sorenson

North Shore News, founded in
1969 as an independent’
community newspaper and
qualltiod under Schedule 111,

art 111, Paragraph 111 of the
Excite Tax Act, Is published each
Wednesday and Sunday by the
North Shore Free Presa Ltd and
distributed to every door an the
North Shore. Second Class Mail
Rogistration Number 3886

VERIFIED CIRCULATION

48,478

Entire contents¢)1870 North hore
Frae Press Lid. An righte reserved.

THIS PAPER IS
RECYCLABLE

- Sunday News

“that. borrowed.

“example,

A. smaller
$100,000. to .
expand. 17--months. ago,. ‘for.

planned on. ‘paying. about...

.§10,000 per year.in interest. -
The cost of that.loan is now

running ‘about ‘$14,000 per
year.. Simply put, Canada

‘. ‘the: leader ‘with the U.S: on
interest © “rates, no matter

“what” this country’s._ man-

y, - darins may claim.

Holding the line on in--

. terest rate increases might
: «mean a one cent — two cent

‘decline: in the Canadian

? dollar, compared to the U.S.

Currency, with a resulting
one percentage point in-
crease in the country’s rate
of inflation. —

But Canada’s inflation rate
is now less than 10%,
compared to 13% in the U.S.
: This country is also much.
better off than the U.S. from .
an energy point of view, one

yw

FROM PAGE A1

‘He feels his disco — catering

to 20 to 40-year-old boogie
fans: — is being unfairly
blamed.

His claim has been sup-
ported by the former tenant
of an apartment located only
60 yards from the disco who
had no complaints and
praised the “healthy” type of
entertainment she sais was
provided by Clyde's.

Council is now awaiting a
police report on the whole
question of nocturnal
drunkenness and vandalism
in the Ambleside business
district, including the part
played by customers of other
drinking places named by
McCrae. Meanwhile, Irwin
has shifted his attack from
Clyde’s to closing hours.

“The only answer,” he told
The News, “is to shut them
all down at 11:30 p.m. every
weeknight -- maybe let them

‘entrepreneur

would... vhave -

. does not have to play follow —

‘vandalism —s,
report awaited |

° (Etteworth D Dickson m photo)

of the very ‘real difficulties i in
America.
Simply ‘ put, "Canadians

should not have to pay the

' price in higher i interest rates
and reduced ‘job creation.

mandarins started treating
Canada as the separate
entity that it is.

Roger Worth is Director,

Federation of Independent
Business. .

stay open ‘until 1
Saturdays only,”

a.m.

Irwin also wants police
patrolling the sidewalks on
foot half an hour or more
before closing time each

night — “that would stop a lot
of the trouble”.

“I’m not out to put Clyde’s
out of business,” he added,
“but the situation’s getting
completely out of hand.
Does someone have to be
killed before attention is
paid?”

The police report to
council is expected to be
ready within the next couple
‘of weeks. The police attitude
to earlier closing hours and
foot patrols has not so far
been revealed, but one
measure known to be
favored by certain officers of
the department is a teenage
curfew of the type already
instituted in North Van-
couver City.

Be a GasWatcher

Endangered species!

ribbon had been changed to a log, with a chainsaw

: SOME. RIBBO The ceremony Thursday at West Vancouver ar new m
. Road was billed as.a ribbon-cutting. But when. Mayor Derrict..¥ amphreys : ren bending) arrived, :-he found the ”

replacing the traditional scissors.. Accompanying | the mayorashe — -
declared the yard well and truly. open were (Lto ¥)- ‘Harold Shopland (general manager, Clearspan Shopland Co.),: -°’|
Lawrence Scott. (manager, West Van. Public Works fs Dept.) and Dr. Bob b Collter (West Van Director of Development): a

a

because of a problem in the. ;
U.S. It's time the Ottawa

This coupon ent

bearer to

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This week only - One coupon per customer

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The most popular and educational
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OCTOBER 1, 1979, 7:30 P.M.

BAYSHORE INN

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