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Whtby Fr.. PrMU, W.<kiosay, Fobniua 23,1994. Page 9 bu>smSsnwsw Financing key to business growth "Smnall- and medium-sized businesses need access to finan4Jng on reasonabbe ternms and conditions in order to expand their markets domesticably and internationally and to create jobs," says the Organization for Economic Co-operation and Development (OECD). The conclusion was reached following a panel discussion cf experts fr-om around the worbd on financing issueri for smail- and mediuzn-sizedbusinesses. The workshop was held during the recent worbd conference on ' Smnail- and Medium-sized Enterpiises and Job Creation: Strategic Issues for Business and Government,' oe'ganized by the Australian governmont and the National Small Business Centre, under the auspices of OECD in Sydney, Australia in December. "In many OECD countries, large numbers of smail businesses consider access to financing a major problem for their business," says Nobuo Tanaka, director for science, technology and industry, at OECD. 'TFor these businesses, the inability to obtain debt and/or equity financing threatens their growth potential or their very survivaL." Moreover, some surveys indicate that access to financing, for many cf these businesses, bas actually deteriorated throughout the early 1990a recession. The world conference stressed also that the recent recession aggravated soîne cf the trends that were already affecting the response cf capialmarkets to the financing needs of small- and medium-sized businesses. For example, weak econoii conditions have affectd banlcs and resulted in increased loan losses in various: market%, including small-business boans. Ail financial institutions have had to implement measures to control credit risk which suggests that lenders have become tougher on their clients. These trends particularly affect smalb businesses seeking export financing, businesses in knowledge-based or emerging industries, and new business startups or younger firms, ail cf which are known as the primary generators cf new jobs in the economy. ANNOUNCEMEN T < THE PARTNERS 0F BDO DUN WOODY WARD MALLEYI'E OSHAWA AND WIITBY Are pleased to announce thse ci>mMn of their offices and rflaadan k OSHAWA EXECUTIVE CENTRE (OSHAWA SHOPPING CENTRE) SUITE 502 419 KING STREET WEST OSHAWA, ONTARIO L1J 2K5 effective February 14, 1994. David Griffith,, C.A. Edwara L.ukow, F.C.A. Stephen Meek,, F.C.A. Erie Sexsmith, C.A. Telephone: Toronto Line: Telefax: Insolvency Services: (905) (905) (905) (905) 576-3430 619-6514 436-9138 436-9100. ENTRANCE MA111NG i IKeeps Winter's Dit Out Of The CoId Sanitation industry figures show that it costs over $60.00 a pound to remove tracked in'dirt from a building. That diri causes a deterioration of your floor finish, premature wear and sollng of your carpets and dust accumulations op our furniture, watts andin your air filtration systems. It makes good financial sense to trap the dirt at the door before it enters your building. At Swish we stock ail kinds of entrance mats ranging from pure rubber outdoor slush and snow .mats to attractive colour co-ordinated vinyl backed carpet mats. Available in a wie variey of sizes and colours, aàIl are desi9ned to keep winters gnit in the mat and to look good doing It. They're easy to dlean too - just shake, vacuum or hose them down. Corne in to our Clean-it- Centre. We're open Monday to Friday 8am- Gpm. ý KNNV%.A Wee .Watch- Thesser that provides... *Unscedled home visits ensure quality care for your chiid " Fullytrained providers receive ongoing Agency support " Reliable local back-up covers Provider illness or holidajis " Comprete insu rance coverage " Income tax receipts " Children six weeks and up " Full or part-time For more Information calil: 686-3995 a icensed Agency CLEAN-IT CENTRE 500 Hopkins Street, Whitby 666-1224J How to brea thie GIC hait 22.80/o 14i9O/o1 10.96%o 1&04% 1295% Our cxpcricncc shows that many Canadians purchase GICs largely out of habit. Why? Thcy'vc been told there arc îwo types of investments: Those that are quamantccd and those that arc risky. Thcy've simply neyer had a highcr yielding, GIC alternative like Industrial Mortgagc Securities Fund explaincd 1tlichm. With inicresi rates ai close Io a cycical low, therc has ncvcr been a better time for you 10 consider a beiter alternative - oneC that could be habit forming for the right reasons. For more information on Industrial Morigage Securities Fund and oiher income building investment opportunities from Mackenzie, please cail me îoday ai the number below. Mickenzie The IndustràIa Group of Futids Derek Dutka 579-7777 -M Financial Croup Finaaaal Co 0Cocplin is a 5cosed MttuaIFud deaWo. FCG. SecurUes CompxUi 's a oukwisderde Important ilformtion about the oerîng iu cortitned ithe Furds s2liedprospectu. Invexors should obta n a copy and read it efolre investing. U"lk GICs, unit wanoed vexiweni rewin for mut ual funds willfluctuate. lime indicated raies of return Io January 31, 1994 aretithe historical annual compounded total returns, including changes in uni value and reinvesiment of àl ditribuion and do flot take iuo accowUt sala, redempion, or opional charges payable by azn in vestor which would have reduced i-dam. Past perfomance iu w tnecesarîy irvkaive <flaire fund return.ç. From Mai-ch 1, 1993 ai least 50% of the Fund'sporfolio is morigage-backed secu4ritia.; before i/at date govermnerd bondi coMpri ed die major ponion of dweporfohio. Vwni ADI Invites DBIA Membership to join the Promotions Committee or New Incentives Committee. Make a difference by contactin g the BIA offilce at 666-4189 to volunteer before March 4, 1994! j