BUSINESS BRIEFS
STUDIO OPENS

AN AWARD-winning Canadian
husband-and-wife team, Paul
Sharpe and Jacqueline Cristianini,
who learned sound production in
Los Angeles, have brought their
expertise back to North Van-
couver.

Their post-production studio in
North Vanceuver, Sharpe Studios,
Officially opened last Friday with
the help of a $150,000 loan from
.the federal Department of
Western Economic Diversification
(WD) and a_ federal-provincial
loan of $417,500.

The second loan was provided
under the Small Business Incen-

‘tives Subsidiary Agreement
(SBISA) to help with the cost of
Jease hold improvements and
equipment purchases at the North
Vancouver site.

The WD funding will assist in
equipment modifications, set-up
and start-up costs. :

“The motion picture industry i
worth close to $300 million a year
for British Columbia and about
80% of these productions come
from outside the province,’’. said
Capilano-Howe Sound MP Mary

- Collins, who made the an-
nouncement on behalf of Western

Continue saving

monthly amount

From page 34
@ When you vay off a debt,,
continue to make those payments
every month — but now this
money should be going into your
savings program. Don’t miss a
“ month: switch immediately from
~ lean repayment to savings.
You managed quite well when
you had to make your loan pay-
ments,” said the CGA. ‘‘So you
will continue to manage well now
you are making these savings
Payments — through automatic
debit or perhaps post-dated che-
ques.”*
: However, if money has been
‘tight while you were paying off
your debt(s), then redirect perhaps
three-quarters or half of your
former loan payment to savings,
and use the rest of the money to
make life easier now. __

@lf you simply can’t save
money and know you respond on-
ly to the bill collector's summons,
you could borrow money to put
into a term deposit (or perhaps an
RRSP) and then repay the loan -—
“but look at all aspects of this
approach before you sign up,”’
warned the CGA.

For example, you could borrow
$2,000 for one year to invest in a
one-year term deposit. Let’s say
the deposit earns 12% interest and
the loan costs 14%. (Whatever the
figures, the underlying principle
remains the same.)

Your monthly loan payment
will be $179.57, so at the end of
the year, the loan will have cost
you $154.84 in interest (charged
on the declining loan balance).

Also at the end of the year,
your term deposit will have pro-
duced $240 interest (earned on the
level $2,000 balance).

Economic Diversification Minister
Charles Mayer.

‘*Foreign-based producers tend
to go home to finish their films.
Projects like this will nelp B.C.
keep more of the post-production
doliars in the province, and
Sharpe's high-quality work will
adc to the repuration of the whole
post-production sector here,’’ she
added.

David Zirnhelt, B.C. Small
Business Minister, said businesses
like Sharpe Sound Studios ‘tare
the backbone of our economy”
and account for 90% of all
businesses.

He added that since 1979,
businesses such as Sharpe's have
created 85% of all new jobs, ac-
counting for 90% of the private
sector payroll.

‘Even before their official
opening, the awards were rolling
in,’* said North Van-
couver-Lonsdale MLA David
Schreck. ‘‘Last year Sharpe wes
nominated for an Academy
Award for his work on the film
Dick Tracy and the new studio
was awarded the 19%! Genie for
Best Achievement in Overall
Sound for the film Angel
Square.”

The SBISA is one of eight
sub-agreements under the Eco-
nomic and Regional Development
Agreement, signed by the federal
and provincial governments in
1984, ,

LANGUAGE IN ACTION

TWO HIGHLY qualified teachers
and a businesswoman, successful
in the service industry for 20
years, have started an English
language centre on the North

sday, February

Shore.

Language In Action is located
at 217-260 West Esplanade in
North Vancouver.

The new centre provides a prac-
tical approach to learning the
English language.

5, 1992 — North Shore News - 3%

The company’s motto, ‘‘Success
Through Confidence’’, focuses on
the individual needs.

Services in counselling and lit-
eracy are also available. For more
information, call 984-2404.

Financial planning courses offered

NORTH SHORE Continuing
Education (NSCE) is offering
financial planning courses dur-
ing the winter term.

A group of the courses,
which require no prerequisites,
are designed for those who lack
the knowledge to handle their
own financial affairs effective-
ly, or are handling them for
the first time.

The instructors include sev-
eral of Vancouver’s top finan-
cial arlvisers, the type that
manage million dollar port-
folios and charge substantial
fees per hour. But at NSCE
their fees will range from $15
to $34 per session.

For example, Elaine Douglas
is an experienced and profes-
sional registered financial
planner. Her new course,
“Who Do You Trust?’*
(MN66), explains how to make

an informed choice from the
Qualifications, fee structures
and expertise of the bankers,
investment cdéunsellors and
other experts available tc help
plan your investment portfolio.

The course will be available
on Monday, Feb. 10 from 7:36
to 9 p.m. at Carson Graham
School (CGS), 2145 Jones Ave.
in North Varcouver.

‘*My Husband Always Looks
After It'’ (MN35) is another of
Douglas’ bargain courses.
Geared to women who are
recently separated or widowed,
the class will informally discuss
basic financial planning.

It will be held on Monday,
Feb. 3 from 7:30 to 9 p.m. at
CGS.

Edie Smithies is also a fi-
nancial consultant and is often
quoted in Canada’s financial
publications. Her course,
“Minimize Your Tax Using

How Sweet it is
living and working on the North Shore

©. What would you rather be doing?

3.

MS Pa

Estate Planning’’ will help
people protect their estate from
needless taxation.

The course will be offered
from 7:30 to 9 p.m. Wednes-
day, Feb. 12 (MN31I) at West
Vancouver Secendary School,
1750 Mathers and on Tuesday,
March 3 (MN32) at Windsor
Secondary School, 931 Broad-
view Dr, in Nortn Vancouver.

Other beneficial courses of-
fered by the financial experts
include ‘‘RRSPs’’ by Eleanor
Corwin and ‘‘Mutual Funds”
with Lorna Smith.

More information is detailed
ia the ‘“‘Joy of Learning’
course calendar, available at
various libraries and stores on
the North Shore.

To register call 986-8888 or
visit the Lucas Centre, 2132
Hamilton Ave. in North Van-
couver,

By moving your office to 100 Park Royal, you will avoid daily traffic problems and have the

time for more enjoyable, productive activities.

100 Park Royal offers first class office space
with Spectacular views in all directions. An
extensive renovation program has recently
been completed and with its newly finished
lobby, improved security and upgraded
building systems, 100 Park Royal is truly the
finest office tower on the North Shore.

Features:

© Convenient free parking for staff & clients
® Fully upgraded common area
* Office space from 500 sq.ft. to 9300 sq.ft.

© Floor to ceiling solar tinted giass maximizing views

© Easy transit access to entire lower mainland

© Immediately adjacent to Park Royal's 190 shops and services
© Minutes to downtown & lower mainland

© Jogging & walking crails at your front door