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| Suburban Newspaper

March 23, 1986 News 985-2131

DAYS LIMITED FOR B.C.

A REAL ESTATE

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Classified 986-6222

developer wishing to

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build = con- the site of West Vancouver's Panorama Studios says he’s prepared to replace the studio with a ‘‘new and better’’ movie facility in Burnaby or Richmond.

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Circulation 986-1337 48 pages 25¢

Michael

Audain,

presides

NEWS photo Tom Bu

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FIGHT-YEAR-OLD David Patmer had a stroke of luck. Not oaty is he enjoying his canoeing lessons but his instructor, Karen Palmasoa, seems to like them too. Both were part of a canoeing class for the disabled, held recently af Ran Andrews Poot in North Vancouver,

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Polygon Properties. made the an- houncement this week after his company re-acquired its option to buy Panorama, the only -sound stage in B.C.

“We're prepared to be totally involved Gin the film industry) because we sce it as a4 good business proapasition.”’ Audain said.

‘S ONLY SOUND STAGE

“We can't sell our houses and lease the offices and shops we build. unless there’s a strong economy.

“We're very concerned with post-Expo and what the economy is going to be like in 1987, so in that connection I think a new,

See Sound Page 3

Reactions mixed on B.C. budget

IT §S a business as usual budget, or a non-budget — depending on who you speak to.

By TIMOTHY RENSHAW Reporter

Commenting on Thursday's provincial budget announced by Finance Minister Hugh Curtis, North Vancouver-Seymour MLA Jack Davis said Friday he did not fike to see the province continue with a deficit, ‘hut at least we are cutting taxes, in contrast to the federal government.””

Davis pointed to the gov- ernment’s continued reduction ot industry property taxes, from levels three times those of residen- tial property Gases, as one of the budger’s highlights.

But David) Schreck, of — the NDP's North Vancouver-Seymour ciding, said “Fram what (ve seen so far, this is not a budget at all] think all the government has done is presented a set of numbers that shows nothing being eliminated and nothing changed, which leads me te believe the deficit situation is far worse than the government is indicating.”"

West Vancouver-Howe Sound MLA John Reynolds said the budvet was ane of the best he had seen for a tong time, reflecting “our accelerating yvconomic renew

The $9.6 million budget outlines a projected deficit of $875 million over the coming fiscal year, which is down by $73 million from the expected deficit for the year ending March 31.

In other budget highlights, Cur- tis announced there will be no tax increases for anyone, and businesses will enjoy new tax cuts and incentive programs.

Taxes on fuel will be held at the current level until the end of March, 1987.

NORTH VANCOUVER-Seymour MLA Jack Davis...‘'ad least we're cutting taxes, in contrast to the federal vovernment.”

A total $1.3 billion will be made available in) three government funds over the next three years: $600 million in the recently an-

See Provincial