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Real: property taxation.

1 real Pandora's Box

‘ ““when you start studying the
“subject ‘of. Real. Property
‘Taxation, ..you: open. a. real
‘Pandora's. box... 'This.is. the...
essence of a brief presented lo
the Legislature's: Select Stan-
_ding “Committee on Municipal
“Matters-iby-~-the ‘British:
Columbia: Chamber : of. Com-
merce. “After some concerted

: research and a number af in-

“4etviews” with municipal. of- .
“figlals: and: polititians,.’ it: -
“ beeame-abundantly clear that
the subject’ of -Real Property. -

“patton is far. from being a--
= * shnple: one::

eed IIS ecaus Gf this: com-
plexity thatthe Chamber: is
> recommending the preparation
*.of a White Paper’’, stated Mr.’
° ohn: Croft; chairman. of the
(BCS Chamber - Committee -
responsible:for- preparation: af
“the brief... ‘To our knowledge,
ithe hest mast recent study -on
Real” ‘Property Taxation “was
. done by the Ontario Committee
on Taxation in 1967... I'do not :
“-believe-thatsuch's study has
“been done in B.C. at least in

recent.” years, @ and. it ‘is long: -

overd ue#

: Canada’s new"

Pp siinaster general,’ Bryce

_Mackasey, loday announced the

‘four additional: eight-.

“+ cant: Olympic commemorative
in the: “Keeping:

Fit’.

turing four designs se-tenant

participating” in the winter
rts of; snowshoeing, : skiing,”
ating and curling. ~. ;
total of 60 million stamps,:
-printed by..the, Canadian Bank
“Note Company Limited of Ot-
a, will he issued September

his issue also employes the
new engraving {PERaYe of the ~

one sheel, depict. Canadians °

SHORTS.
WALTERS.

The Federal Government's

1969 ‘White Paper on Tax ©

Reform produced seme very \
‘significant side benefits. First,
The Canadian People developed
-phigher level of understanding. .
of ‘the: theory of Income -
Taxation. Second, every in-
terested individus] and group in
‘the country had an opportunity -
-tg provide input into’ the for-":
mulation ofa taxation system
which -would: ultimately be~
imposed upon them,

“Tn: accordance with ‘the.
‘basics. of true participatory ”
"democracy, ‘we feel that the:
‘placing of such a White Paper :
before the: people of. Brilish-
- Columbia would be in the best’
interests of both the people and -
the. Government”, said) Mr...
Croft. . "Historically, where a
While Paper has been presented
“prior. ta.
‘fegislation, ‘the ‘legislation
which has subsequently been
enacted into law-has generally _
‘been ‘superior and. more
reflective of the needs of the -

_ Pele."

Olympic stamps —

latent’ or hidden image - -a a world .

‘first: -in’ stamp design: “- ‘in-
troduced with the first Olympic
-commemoralive' stamps. ” last.

-March 22. The image of the 1976 ~

Olympic. Games — symbol

_ becomes visible only when the -

“ stimpis held obliquely towards
a light BOUTce,

In the same. way that the |
previous “Keeping Fit" stam

'peminded’ Canadians | of t

summer ‘activities available to
‘everyone, 30 the new issue,

conveys the pictorial message

‘1 tthat winter sports can be fun for:

both young and old, es well as :

., beneficial to the health.

ry icky kee

. Introduction «of

‘The . British Columbia .
“business community: is not”
{Imistic about conditions over
“the next six months according
to a study done by the Em-.

» ployers’ Council of BC,

‘. The | Council’s second:
“Business. Trends Survey,
‘gonducted in Jul Hed 151

. firms throughout the province.

These firms employ a tolal of

over 170,000 employees,’ about. .
20 percent of the pravince’s

. work force. The first survey,

conducted in January, polled

100 .firms employing 117,000

people. . .
In assessing ihe’ outlook for.
Canada and British Columbla,
~ the respondents were more
optimistic about . the’ national
picture than the provincial one.
_'The major problem areas elted
‘ were: the impact of continuing ,
- jnflation both al. home and

"abroad; the effect’ of govern: ©

Tent policies on. business; and
declining markets abroad...

The Council’s analysis .of the.
survey results showed that

’-- many firms are cutting back on
> their plans for new or ex:

pansionary .. capital. “‘ex-
penditures, The number of
- companies reporting no capital |
expenditures, or "severely
curtailed projects, increased.
dramatically from the January
survey figures. “Growth for the
~ Canadian =.) economy... over
the next few years is largely
predicted on a capital spending
boom," commented. Council

president, “Wiltlam Hamilton,
Is doubtful thal British
columbia will obtain its proper
share of this spanding if present .
policy | trends . continue,” he

. sald.

Reporting onthe past six

_ months, the service sector was

pleased with the Canadian
performance generally, but
only modestly satisfied in lerms
of the provincial ‘experience. -
The primary industries - ex-
perienced! an unsatisfactory six,

"other highlights in the Burs -
vey.
- Continued consumer price |
inflation and a stabilization of
‘the’ unemployment: rate are
envisaged provincially and
nationally. y. bik ot

-Amuc er proportion
firms feel | her management
relations generally will get
worse in BC than in Canada. -
The primary resource’ in-
dustries were more optimistic
about labour-management
“relations In their own seclor.~

- Respondents listed three ~
factors which they: felt would
limit output over.the next sixt:
months::- ‘the impact of
provincial government policy;
the lack of raw materials and
‘companents; and: problems in
obtaining staff at all levels.

- One-third of firras anticipate
a decline In corporate aiter-tax
earnings in the next six months”
* in British Columbia. One-third:

— expect levelling: off. One-third .

ICBC enters: group life

The Insurance Corporation ad

’ ‘British Columbia, .the crown

corporation “that . administers

. Auloplan and. handles -a, wide -

range of general insurance
: underwriting, plans to expand
s into Group Life imurance | ~

Transport and. Com-

_ munications - Minister, and
ICEC’s Chairman of the Board

. RM. Strachan, anncnnced
today that research to develop a
Group Life insurance program,
is now being carried out by the.
corparation :

Group Life provides tite in-
" gurance protection for em-
ployees while they. are mem-
~ bers of the specific group and is
‘fringe benefit in most. labour |
contracts, Premiums generally
are shared between the eT —
ployer and employee.

“By entering the Group Life
3s field, 1 want to,emphasize that
we arena inaugurating a, total,,
: Tife: Ansurance: program.

The

a (00. ”

lat ter,

benefits on. a basis totally
dissimilar to Group Life,’ Mr.
Strachan said.-

Although ICBC is the s6le
insurer’ of motor vehicles. in
B.C., it competes with private - ‘
industry in the ‘general. in-

Graip. Life,

In general: insurance, CBC
underwrites - homeowner.
policies,... ‘travel: protection,
small boats and yachts, special
pensioner policies, commercial :
marine-and other business and’
industrial types’ df coverage,
and.a-wide range of other
general polides, — -

In the five months of fiscal

ICBC.- has-- sold general. in-
surance: policies with premium

* expect. a “pige.

of course, is an entirely: ;
different type of insurance gold.
bo individuals and providing

1974 from March 1 fo July 31, :

The
resource. industries -anticipate

the poorest performance .
-Fot onethird of respondents -

who did nol operate at a
‘satisfactory rate in the firet six
months in-BC, three reasons
were dominant: industrial
relations factors; shortages;
and the poor business climate.

. A atatic: or declining’ sales
picture. 1g expected for the
second half of (he year by more
than 50 petcent of the firms.

- The primary resource fn-
dustries predict a slowdown in
new orders in the secon d half of
‘the year, whereas secondary
and service industries remain
buoyant, °.

-A continuation of the strong ©

/ upward push in average costs
“> ger unitof output isexpected in -

the second half of 1974 by nine

gut‘ of ten, respondents; -

- The primary resource in-
dustries foresee a decline. in .
average. selling- prices in the
next. six. months; unlike the
secondary and service seclors,
where eight out of fen foresee
increases.
= Industry sees a more
definite curtailment of capital
InvesLment intentions in BC as
compared with the rest of the
country, The primary resource ,
industries show little if any
majer new Investment; ulilities
are the most buoyant. ~

ONE OF THE WORLDS
ONE MEST SCIENTISTS...

ADVANCED HIS THEORY
OF RELATIVITY WHEN HE
WAS 26. HE DISCOVERED

STHATMATTER AND.
¥ ENERGY ARE EXCHANGE-

ABLE —NOT DISTINCT.
HIS EQUATION E=mec2
BECAME THE BASIS
FOR SPLITTING = .
THE ATOM...

| ‘Business Trends Survey -Midyear 1974. as

primary :

| lot
sale.
: approved

/ —
, THE HERALD, Wednesday, september 4, 1974, PAGE A9

Fala

. “The ‘Lieutenant. Governor in
: Counc’ has approved Order in
“Council No, 2636 authorizing the
‘Workers’ Compensation Board

~ to purchase three city lots on
Lakelse- Avenue al a. price of

wo. $85,000

. | The “Board will be! can-"
structing a regional building on
the land to serve the northwest
area, , .

- surance fleld, as-it will with, - on te

| sss-088

“Save $88 and | time
with a Honda

: on your next ‘hunting trip

- Try Motor
7 ear Ltd. -

. 8678 Glarke mu.

Se

"mm DvisoRY

Business Management: Seminar.

You ¢ invited to attend a Small Busines

[9800 AM, «4:30 PAM. (Registration @:39

PROGRAM:

* “Complete tha ‘attached notice and forward. it

- attending and enclosing your registration feels)
-of $10, Suncheon included.”: *'

bank.’

INDUSTRIAL.
DEVEL OPMENT
BANK -

starts

with the co-aperation af the : ,
Kitimat Rotary Club ©

IF YOU — Own and operate
= your awn business

. = Manage a business :

_ Expect to own and:
-- operate a business

at’ the Chalet. Restaurant:
on Monday 16th September .

* Case Study AE

we. 4 Financial Statementi
= “Fore for expa

REGISTRATION:

before September 12th, 1974, advising “numbe

Make cheque payable t to dst De Dovelopmnt

“BL, Wo.l-A5.. |

: Director of Advisory Serv
"industrial Development Bank. :

; , Terrace, B. C.

Name(s) vo

‘Address, cae

at

4648 Lakelse Avanue oe

ap eal

ALL OTHER
— STOCK IS _
a
“10% AND
60% OFF

Be ect tess tas be

ean pein one on

; MANY, MANY
UWADVERTISED |
SPECIALS

Stee