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Newspaper
Chetwynd The Echo
Location
Chetwynd, British Columbia, Canada
Date
Apr 19, 1993
Page
4
Ken Hardie summarizes ICBC's 1992 annual report noting a $149 million operating loss despite $1,867 million in claims. Cost controls in budgets and claims management trimmed the deficit, potentially preventing premium hikes of 17 to 18 percent in 1993. The report hints at a broader five year trends to follow.
A new column denounces provincial sales tax on motor vehicles as unjust due to repeated taxation on each sale. Using a $20 000 purchase example, total PS T over several trades reaches 3 540, a 17.7 percent rate, with BC exempt from rebates. readers urged to protest and submit pieces to papers.
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