MONTREAL (CP) — “An
exciting new tax deferral
and investment vehicle,’’
says a Wood Gundy Lid.
advertisement announcing
the ingue of 825 units at $5,000
each in the movie Never
Trust an Honest Thief.

Wood Gundy, with offices
in 26 cities from St. John's,
Nild., to Victoria, is among
the increasing number of
brokers underwriting movie
igsues.

With noo shortage of
roducers wanting public
nancing, the inevitable
result is a glut on the
market. _ ;

Earl Aguinik, a stock:
broker with Yorkton
Securities Inc., said in a
recent interview that the
market for movies is being

saturated.
“I think that a lot of films
are golng to fall by the

* wayside.”

At the Quebec Securities
Commission alone, hardly a
week goes by without the an-
nouncement of another
movie registration,

tus a sslon
Peal and the’ boom haa
hit the entire country.
alone has four
movies on his hands. Pinball
Summer and Tanya's Island
are sold out, while he expects
to close Double Negative this
month and The First Hello in
September. ;
What kicked off the boom

was a federal government:

incentive measure per-
mitting investors to deduct
100 per cent of the sub-
scription price from or-
dinary taxable income for

Pane 19, The Harald. Friday, Augy=t 24. 1979

Movie said tax dodge

the year the investment ‘is
made. 7

* Themovie must, of course,
conform:to the federal
definition of a Canadian
movie,

The first to be sold under
the incentive measure waa
Agency, and a market whick
was required to absorb $30
million of movie financing
last year is expected now to
absorb $100 million.

It is the investor's turn to
pick apd choose, Agulnik

Competing against movie
issues in Canada is gas and
oll exploration stock which
offers a better tax writeoff.

” he exp “For
some oil and gas exploration,
the investor who is in a high

enough tax bracket has po .,

risk.”

In Quebec, competition
also comes from a provincial
incentive announced -in the
spring budget to invest in

Quebecbased companies, |

under which taxpayers may
deduct investments in new
issues of such companies up
to a certain limit.

Arecent Canadian Pacific
Investment Lid. Issue sold
out immediately because of
this incentive.

“In Quebec, it’s been
tough; its hard work’
selling movies. Practically
every brokerage house has
done an issue by now, in-
cluding all the majors except
two, Agulnik said.

“Hf you take a croaa setion
af your major brokerage
houses, they all have offices
in the same cities, so they're

EARNINGS

Canadian Tire Corp. Ltd.,

six months ended June 30:

1970, $16,360,000, $2.56 a

ane 1978, $14,487,000,
26

~ Maptex Management and
Holdings Léd,, six months
ended June 80: 1979°
$1'041,762, $2.97 a share:
1978, $514,042, $1.17.
Mercantile Bank of

DOLLAR |

MONTREAL (CP) — U.S.
dollar in terms of Canadian
funds at 3:30 p.m, EDT
Thursday was down 2-25 at
$1.1655. Pound sterling was
down 3-10 at $2.5960,

In New York, the Canadian
dollar was up 1-20 at $0,9581
and pound sterling was down
&10 at $2.2295,

Canada, nine months ended
July 31:979, $17,415,000,
92.18 a share; 1978,
912,958,000, $1.42.

Newco Financial Corp., six
months ended June 30: 19$9”
#437, 0 , no share figures:
1876, $327,000.

Ollex Industries Ltd., six
months ended June 30: 19$9,
$187,344, 14 cents.a share:
1978, $122,230, nine cents.

Provinclal Bank of
Canada, nine months ended
Suly 31; 1970, §13.8-million,
$1.52 a share; 1978, $13.2-
million, $1.65.

Sogepet Lt, six months:
ended June 30: 1979, $10,581,
loss, no share figures; 1976,
$39,003, loss.

Strathearn House Group
Ltd., six months ended June
30: 1979, $745,000, 24 centa a
share; 1078, 9439,000, 16
cents.

Toronto-Dominion Bank
six months ended July 31:
1979, $17,430,000, §3.09 a

share; 1978, $90,972,000,

$2.40. -

STOCKS

VANCOUVER (CP) —
Prices were mixed In heavy
trading Thursday on the
Vancouver Stock Exchange.
Volume at close was
$,845,201 shares.

Of the issues traded, 138
advanced, 137 declined and
158 were unchanged.

In the industrials, B.C. Re-
sources Investment Corp.
was up .05 at $6.10-on 142,155
shares and Computrex
Centres was up .03 at .26 on
16,000. Polysar Ltd.
Preferred A was unchanged
at $26 on 6,000 ahares and
Canadian Javelin was down
4 at $1.21 on 3,516, Taro
Industries was up .10 at $3.45
and Renn Industries was
down .0t at $1.24.

On the resource and
Hat taal

8 6,
tarerarecscerace ere:

The Canadian.
Red Cross Society

eee sheet ecetebececatertas

RSS SLO SS NCS

development board, SNA

8 was down .03 at
48 on 101,300 shares and
Kandahar Resources was
down .11 at $1.70 on 93,500.
NRD Mining was up .17 at
$2.67 on 82,800 shares and
Laredo Petroleum was up .06
at .B6 on 79,600. Silver Chief

Minerals was up .40 at $2.30:

and Yukon Revenue Mines
was up .15 at .70.

On the curb exchange,
Risby Tungsten was down .02
at $1.15 on 151,600 shares and
Yamoto Industries was down
.05 at $1.55 on 48,500, Bianca
Resources was unchanged at
74.55 on 34,200 shares and
Northern Lights Was up .06
at 35 on 31,090. Cobre Ex-
ploration was unchanged at

50 and Bishop Mines was .

down ,05 at .35.

RS RRO Ne eT SANA SS

rareteretatals’

sdeteatolen deterred

“accountants, I haven't sold

going Into fierce com-
petition.”

For the investor who's in It
for money and not just for a
tax break, a movie isa 100- ‘ial
per-cent risk, -he sald, And ~
that investor is a
businessman, the af
person who tnderstands risk
better than anyone else.

“Businessmen are the
backbone of my investment
group,” he said. ‘Then,
there’s the medical and
dental professions and some

to a lawyer,” .
And while the movie in-
dustry is considered

glamorous in other ways, ‘I
have not come across one
person that has bought a unit
for qheglamar of it,’ Aguinik

Sine

danachan Mental Health Associabenin recognilion of
++ (b79einternational Yearol tha Child

START

ee a eS ee ee Ce

 Terrace/Kitimat |GUT QUT &
DAILY HERALD = |_MAILIN
Have The Paper Delivered
_ To Your-Door Daily

FORM |

PRINT NAME
SIGNATURE

- ADDRESS _

‘ITY

__- PROV.

POSTAL CODE

i. a

$212 Kalum Street Terrace, B.c, |

BUSINESS DIRECTORY

HWASOJONN Deen Grapina
. WITH STH WHEEL x BACKFILLING

OR LAND CLEARING ”
& Leverina ;

Tuergreen Contracting

' TERRACE ey

' PHONE ANYTIME

DAVE & ALLAN 835.3505

p
T

Plumbtng - Heating. Commercial Servicing
Residential Industrial Speclallzing Gas Fitting
and Shee! Metal Shop ,

Charlie Belanger

PLUMBING & HEATING LTD.

“Unique Bathroom Boutique’
4498 LAKELSE AVENUE
©. Bor 534 PHONE 635.7319

ERRACE. BC VaG 4B5 OR 635.9370
‘_ Install & Service Gas, Wood & Oil Furnaces .

re POP snoppe

——————

4836 LAZELLE
FREE PARKING

BOTTLE DEPOT
Beer & Pop Bottles

Open 10.a.m.-é p.m. dally except Sunday
_ Thors, & Fri. tI? p.m,

EASTSIDE | |
GROCERY & LAUNDROMAT
OPEN.
7 DAYS A WEEK

To Serve You

WEEKDAYS 8-11 WEEKENDS 9-11

4438 Lakelse | 635-2104
YOUR FRIENDLY CONVENIENCE STORE

“GLACIER
x4

A ad
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Aluminum Service

Terrace, 8.€.

L. 4 4418 Legion Avenuel

DISCOS...

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635-3346 3952 0. "FOR WER

OLD umELSe RD gals 4 0065
WATCHFOROURCOLUMN ‘ASK KOBE: |

NORTHWEST PIPE
AND EQUIPMENT LTO.
PIPE, PLUMBING SUPPLIES, PUMPS,

“HOSES, NUTS AND BOLTS, FENCING.
WATER SOFTENERS — AND MORE —

5239 Keith Avénue - Near B.C. Hydro

635-7158

—

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This Space Is Reserved

HR. BUSINESSMAN!

For Your Ad.

AUTHORIZEO
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é 4 Sanya. Toshiba

Terrace Electronic Repairs Ltd. :
SERVICE
DEPOT
Mon.-Sat.— Fam.-épm..
Friday — 9 a.m. - 9 p.m.

SERVING TERRACE & KITIMAT.
Philips, Magnavox, Zenith
4623 Lalelae 685-4543

Danny's Place

BILLIARDS & AMUSEMENTS

* 3213 KALUM STREET

TERRACE, 8.C. PHONE 635-2473

Ready Mix Concrete, Sand, Gravel, Top Soil, Drain
rock, Patio Btocks, Concrete Gravel, Bags of
Cement, 4 Yard Concrete Mixer available for rent.

WE DELIVER SATURDAYS
PHONE 635-3934
F.J.H. READY MIX

Plant Off Krumm Road
Thornhill

- BREE |
TERRACE HOTEL GIFT CERTIFICATES

” For these tems
% hear teeth

* wolf teeth ..” Weheaver teeth
we moose oF. dear antlers tsingteor pair)

Available at the front desk of the

wher chws |

TERRACE HOTEL

SMALL APPLIANCES - LAWN MOWERS.
RENOVATING. BICYCLES-ETC. _

Handyman Unlimited

Call BILL or DALE
633-8277 or 635-3967

394] Mountainview
Terrace, B.C,

STARBOARD
TACK YACHTS

‘SAN JUAN
21’ to 30’ Saithoats:
& Accessories

635-3001

Ken Hansen

VAN’S CONTRACTING

Furniture Repair
+ —- Restorations, Hope Chests
Ss Custom Made Furniture Refinishing
>| General Building Contracting
635-5585.

2510 Kalum St. = Terrace

Wayside Groceries
4711-G Keith Ave.

HOURS:
Weekdays 7:30 am - 12:30 am
10:00 am - 11:00 pm

Weekends

Your friendly convenience storel,

Ting Cleaners Ltd.

*" FOR THE BEST IN
SUEDE AND LEATHER
CLEANING
2 LOCATIONS
4404 Legion Avenve and Mini Mali
(Next to Mr. Mikes)

635-2838

NORTHERN |
-dehIGHTS |.
LO- (— [

3224 Kalum Street, Terrace.

Natural Foods — Bocka— Local Crafts’

ANYONE CAN SHOP AT DELIGHTS...
ONLY MEMBERSGET DISCOUNTS

MARCOUX tices, custor

finishing & homes, Fireplaces

remodelling

& General Carpentry

635-2359

6-3916 Mountainview Ave., Terrace

W_OPEN

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¥ (9701 South Kalun St.
635-6180

— ie Ee Se =

C & H Industrial Cleaning
Ltd.

“WE TRAVEL — YOUR HOURS"
Steam Cleaning and Pressure Washing °
“Phone 638-1634 oF 635-3545

army ana

Call us at 635-6357 9 to

piney atts. ra

5