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i ) "Family Gatherings" Opens New Business in Bowmanville The Canadian Statesman, Bowmanville, Wednesday, October 26,1994 15 by Joyce Kelly A good number of members of the Blackstock Agricultural Society attended attended the annual meeting of District 4 of the O.A.A.S. held in Lindsay on Thursday. Our President, Leah Frew, conducted an interesting panel on "What docs Your Fair Do Best?" Blackstock Fair date was set for August August 26 for 1995. Several local resident were near the Bank of Montreal robbery on Thursday evening. What a shock that an event like that could take place in our vicinity! Fortunately no deaths occurred! Sympathy is extended to Talya and Dcnzil Moore and Todd and to her mother Mrs. Dorothy McHarg in the passing last week of Talya's father, father, Jim McHarg, of Port Perry. Several Several local friends attended the funeral on Saturday at the Robert J. Reid and Sons Funeral Home in Kingston. There will be a Memorial Service for Jim McHarg in Blackstock United Church on Sunday afternoon, October October 30 at 2:30 p.m. FBDB Celebrates 50 Years Of Helping Business Grow r Hampton V by Michelle Balson - 697-; Jane James and Karen. Pettes are the co-owners and co-sewers for Bowmanville's newest business "Family Generations." The store is filled with clothing designed for active youngsters. During the official official store opening earlier this month, Jane and Karen were joined by family members Ron and Norm James as well as Mayor Diane Hamre, and Councillors Ann Dreslinski and Carson Elliott. but would like to place an order, please contact Mona Adcock at 263- 2045 a.s.a.p. The Wednesday Euchre Card Party Party had eleven tables of players. Loma Swain had the highest score of 85. Agnes Schofield had the second highest highest score 83. Next was Ruth Farrow and Ruby Griffin who tied for third with their scores of 80. Lloyd Broome closely followed with his score of 79. Daiscy Bell was the evening's evening's Most Honest Player. Doreen Brock had the Most Lone Hands of five. The Special was won by Doreen Ferguson. The Draw winners were Leona Wright, Agnes Schofield, Evelyn Evelyn Gully, Verna Slutc and Ada Richards. Richards. As promised, I have more details of the Beef Supper being held on Sunday, November 6th. There will be two sittings. One at 4:30 p.m. the other other at 6:30 p.m. Please contact these numbers for more information and tickets, 263-2671 or 263-2287. The Sunday School is in need of volunteers to help out in the nursery. If enough people offer then it could be worked out in shifts so you would only be needed every few months. It's official, an Explorers Group has been formed in Hampton. The response response of girls in grades four to six was fabulous. However there is now a need for senior teen or adults to help out. The group meets on Tuesdays Tuesdays at the Manse from 6:30-8:00 p.m. Please contact Mrs. Reverend Betty Munroe. That's all I have for you this week folks. Until next time, I would like to wish each and everyone of you a safe and happy Hallowe'en -- The soccer team the Wanderers recently won the championship of the second division. Hamptonitcs Dave Hartford, Ken Cameron, Mike Sucss, Mark and Neil Gerrits, Richard and Neil Bateman are players on the Oshawa based team. Last Saturday October 22nd the Wanderers celebrated celebrated by having a golf tournament. Later in- the day an awards ceremony was held. Each player received a trophy. trophy. Special recognition of Most Valuable Valuable Player of the division was given to Mike Suess. Team mate Dave Muira held a barbeque at his home. Congratulations to all on having such a great season. Also on Saturday, the adult Scout- ers and their friends held a dance at the Hampton Community Center from 8 p.m. to 1 a.m. Door prizes and a light lunch were also part of the fun. The Scouting organization would like to thank all the Hampton residents residents for their support during the recent recent Apple Day. A special thanks is extended to Bob Simpson of Empire Orchards who donated all of the apples. apples. The annual fundraising of pumpkin sales went as well as could be expected. Your contribution is appreciated. appreciated. Hampton was really hopping on Saturday. The Takc-A-Break group had a Discovery Toy demonstration. The proceeds went to the Sunday School. If you weren't able to attend by Brian Costello CSB ALTERNATIVES At the very time that Finance Minister Paul Martin is threatening to extract more taxes from Canadians, the Bank of Canada is asking us to.buy .Canada Savings Bonds that produce totally taxable, interest. It seems hard to accept. Yet, many Canadians will have automatically purchased CSBs by now and will do so in the future until the deadline has passed. Remember, even though the general public sale normally ends on November 1, many employees have a later deadline to participate in payroll deduction plans where they work. I kind of like this year's extra options where you get an automatic increase in yield from 5 3 A% in the first year to 6 3 A% in the second and 7 'h% in the third year. However, many financial institutions have decided to offer competing vehicles. Canadians should compare the options carefully before they buy. And, if they miss the deadline they should use this information to help them in negotiating with their financial institution when it comes to making future investment choices. The first consideration of course is that CSBs are a savings vehicle, not an investment vehicle. Most long term investment choices will outperform CSBs. However, they do offer an interesting alternative when it comes to comparing savings vehicles. If you buy CSBs as a short term vehicle don't do it if you think you will need your money back in less than 90 days. If you cash a CSB before the end of January you will forfeit any interest for the previous three months. Some trust companies, banks, credit unions and Caisse Populaires will offer the same rate of return or even higher rates and allow you to cash in your investment certificate after only 30 or 60 days. In addition, money market mutual funds pay a decent rate of return and allow you to cash in any time you want. Clearly, those who wish to invest their money for only a three month period have a valid reason to consider CSBs as 5 a A% is a decent rate of return on three month money, especially when you consider that savings accounts pay V< of one percent and many specialty savings accounts pay only 1% at this time. Those with lots of money though are always able to negotiate a higher rate of return because big money always talks. Those who know for a fact that they can lock away for a longer period of time and want their yield and their original investment guaranteed against loss know there are better rates of return elsewhere, especially now that there have been some interest rate increases in the short term markets. Mortgage backed securities are a natural alternative. They pay a higher rate than you will get with a CSB, they offer unlimited government insurance regardless of the amount invested and they generally pay a monthly income. The drawback is in the ability to cash them in. The financial community runs an aftermarket where they can be bought and sold. However, if interest rates rise their value will fall. In the long term though they are virtually guaranteed to offer a higher rate of return than GICs, term deposits and CSBs. Many of the financial institutions are offering mid term investments that pay a higher rate than CSBs. For example, if you are prepared to lock away for two years you can earn 6 '/:% or better. In the first year you pick up an extra 3 A% while you lose 'A% in the second year. The trade off in rates looks valuable but what if interest rates rise? In the second year you would probably see an increase In the CSB rate. There are smaller companies, though, that pay closer to 7 V=% for two years. Now, locking In looks more profitable. When it comes to five year terms though it's important to romombor that we are in an economic upswing. Normally, that moans higher interest rates over the next few years. The Bank of Canada, in fact, must fool the same way as they have guaranteed to incroaso the rate they pay on CSBs by one per cont a year for the first two years and 3 A% in the third. That will take the third yoar yield to 7 '/,%. If you prefer you can lock away a five yoar yield right now by buying a term deposit or GIG that guarantees to pay 8 'A% to 0 Va% a yoar for the next live years, Part of your consldoration is the saloty ol your money. Part is the yiold. The other part includes a bollol ol whoro the economy, intorost ralos and guarantees are headed, If you want tho ultimate in guarantoos, it's CSBs, II you want unlimited saloty guaranloos, its mortgage backed securities, II you want a higher rale ol return you will have to lock your money away lor a longor period ol time, And, II you bollovo Interest rates are headed higher because of a stronger economy you will want to ignore all your (ears and Invest some ol your money In equity based mutual funds or equities themselves to take advantage of tho economic expansion and the profits that .usually are produced, , September 30, marked 50 years of the Federal Business Development Bank (FBDB) helping Canadian small and medium-sized businesses reach their full potential. "For a half century FBDB has given Canadians from coast to coast the opportunity to realize their cnterprcncurial dreams," says Francois Beaudoin, FBDB President President and Chief Executive Officer. "Without the support and financing of FBDB many successful businesses might never have gotten off the ground." Throughout the course of 50 years, FBDB has authorized some 175,000 loans totalling $14.6 billion to clients in all parts of Canada. It is estimated that one out of every five Canadian small and medium-sized businesses has used FBDB's services. services. Ted Rogers, Blackcomb Resort and Andres Wines Ltd. arc all former clients of the Bank. "The loan was invaluable invaluable to me at that time - a tremendous tremendous asset," said Rogers. "It is so important that collectively, as a people, people, we give hope to young entrepreneurs. entrepreneurs. This is what FBDB docs and why its role is so important." In 1994 when the Crown corporation's corporation's forerunner, the Industrial Development Development Bank, was established, its primary role was to help restructure the Canadian economy after the Second Second World War. At that time, the Bank financed the transition of many small manufacturers from war-time to peace-time production. "As Canada is building an innovative innovative economy, maintaining a dynamic small business sector which can respond respond quickly to changing markets is crucial to the country's competitiveness competitiveness and its ability to continue creating creating long-lasting jobs," says Industry Minister John Manley. "FBDB is proud of the important role it has played in the economic de- --vclopment of Canada, but the Bank is firmly focused on the future," assures Minister Manley. "The Federal Government Government is currently reviewing the role of FBDB with a view to enhance support for small and medium-sized businesses." The Federal Business Development Development Bank's mission is to help create and develop Canadian small and medium-sized medium-sized businesses by offering a wide variety of timely and relevant financial services such as loans, venture venture loans and venture capital as well as extensive management ' counselling, counselling, training and business mentoring services. FBDB's services arc made available across Canada through a broad network of 78 branch offices. Congratulations to Mark Simmons who was awarded a 510,000. scholarship scholarship from the federal Ministry of Industry Industry and Technology. Mark is studying studying computer science at Lakchead University, at Thunder Bay. Glad to report that Marie Tysick is progressing favourable and hopes to be transferred to a local hospital from Toronto Western Hospital before long. There were 11 tables at the Tuesday Tuesday evening card party with the following following winners - Dorothy Beech, Reg Hanley, Mary Cannon, Carl Gimblett, Violet Hanley, Ncrta Masters Masters and Caroline Haugh. Lucky draws were won by James Emcrton, R. Richard Manns, Grant Bright, Muriel Muriel Butson and Norma Rohrcr. Glad to report that Mrs. Maxine Hoskin is recovering well following hip replacement surgery recently. Curling begins this week on Monday Monday and Tuesday evenings. There are still openings so if you arc interested arrive at the rink cither night or phone Fred Ford, Linda Green or Mark Graham for further details. Lynn McLaughlin of Ncstleton (and now in Lindsay) will be taking part in The Sound of Music held in Lindsay on November 3,4,5 and 10, 11, and 12 at the Academy Theatre. Call 705-324-9111 for tickets. Plans arc progressing for the annual annual Blackstock Fiddle Contest on November 5 at 7 p.m. Special guest will be Graham Townsend. For further further details call 986-4771 or 986- 4257. <« The Equion Group Presents STRATEGIES FOR REDUCING YOUR TAX BURDEN IN 1994 FIGHTING THE TAX GRAB" Seminar Leaders: Peggy Adamson - Cobourg Jim McHugh - Whitby Guest Speaker: John Smeeton, C.A. NCE Resources Mgr. of Business Development Mr. Smeeton will be discussing Tax Advantaged Investment Opportunities in Canadian Oil and Gas Investments Date: Tuesday, November 8, 1994 Time: 7:15 p.m. Refreshments 7:30 Meeting Place: The Flying Dutchman 143 Duke Street, Bowmanville RSVP: The Equion Group - Whitby Regional Office (Betty) 905-430-1435 or 1-800-995-9514 The Equion Group - Cobourg Regional Office (Ann) 905-372-9542 or 1-800-265-5676 © Sfit Canadian statesman and The Oshawa & District Chamber of Commerce present a MAYORAL ELECTION FORUM /V /V CLARINGTON Wednesday, November 2nd, 1994 Flying Dutchman Hotel 143 Duke Street North, Bowmanville 7 to 9 p.m. Join our panelists as the candidates answer the questions on every voter's mind. When November 14th comes along the political and economic future of this municipality is in your hands. Be an informed voter: Questions will be taken from the floor. For more information call 728-1683