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HERALD OUTLOOK Saturday Page J Identical starts different ends Life on Zerbn The Hills recreation department kept the summer camp busy studying lire on the planet Zeron at Prospect Park In Acton last Friday Here the attempt the circular lap sit Mark Hallow Joel Springer Tommy Dales and Betty Chou give it their best shot Herald photo Blue bag program scheduled for 1990 Region is proposing to spend almost 450000 on a blue bag recycling program that could be in place before The blue bag recycling program will service the apartments and townhouses in the Region just as the blue boxes have served- the Region since Blue boxes ar rived in Hills in January of this year Among the collectables will be newspapers corrugated card board glass jars and bottles metal food and beverage cans and plastic soft drink bottles The Region first tried the pro gram on eight apartment buildings in OakviUe Three 340litre rollout containers were provided for every 30 units Questionnaires given to the apartment tenants said per cent were using the blue bags to store and deliver recyclable goods A Regional report says that about per cent of all Halton residents live in multiunit dwell ings like apartments or townhouses The cost to operate a blue bag program Is only half the cost of a blue box program for the same number of residents the report says Costs for Regional vehicles to pick up the recyclables would be for two trucks The Region would spend to purchase 340litre containers for apart ment and townhouse collection The pilot phase of the project with container and bay costs in cluded would be Another would pay for 15000 blue bags at each Promoting and advertising of the blue bag pro gram would cost the Region The Regional report says drivers wages and vehicle fuel and maintenance would cost for six months before 1990 Operating costs for are pro jected at Halton Hills has said it will need a recycling vehicle by 1990 the report says The Region will send instructions with each blue bag for the apartment landlords to give to tenants By 1990 there will be a bylaw in place for multiunit dwellings The trial use of blue bags in had good results says a Regional report The collection of regular garbage is down 50 per cent at some apartments since blue bags were introduced Beaches closed Two beaches in Acton remain closed for high bacterial counts this week The new beach on Fairy Lakes and the beach at Park are closed The Region will be con ducting intensive studies of Fairy Lake all throughHhe summer Beaches in south Halton are also affected by high levels of faecal chloriforms the substance from inside the stomachs of warm animals The Region is conducting twice weekly testing at all beaches Halton throughout the summer This week there are a total six beaches closed including Corona tion Park in Spencer Smith Park and Sioux Lookout as well as the two closed beaches in Acton OFFICE FOR ALL YOUR OFFICE STATIONERY NEEDS 126 MM St GEORGETOWN 8778097 PRICE HAIR STYLING OFFER from professional trained at David Marshalls famous salon Dublin Ireland Book an appointment with Paula today sheH make your hair suit your face ITS YOUR MONEY Paul J Rocket John Im desperate said Jerry Ive borrowed everything I could from my children so that to day 1 owe them over and have no hope of ever repaying them I dont know where to get enough money to buy food for Muriel and I What a shame replied John Yes I still can remember that day in when we were both aged 60 arid both had a bangup party because we had decided to retire and live off our savings and the company pension plan Yeah I remember too Jerry replied Life sure looked great back then for both of us each hav ing 50000 in savings our com pany pension plan and the old age pension from the government would begin at age I thought I was set forever Boy how things have changed for the worse For you emphasized John For me Im in greater financial shape than I was back then 1 havent had to borrow a penny to make ends meet and I am worth over 156000 to boot How can you be asked Jerry We both had the same pension and the same 50000 and weve both had virtually identical living standards since then the difference The difference replied John is you chose to invest your 50000 into guarantees that would pay you 10 per cent per year chose to invest in a mutual fund with no guarantee Oh yeah remember remarked Jerry And we both decided to only take 4500 that year from our investments so that combined with our pension of 3500 wed have 8000 a year to live on Yup that was enough to live on comfortably in agreed John But the cost of living went up so the next year we each took so we could enjoy the same living standard as would buy the year earlier I know lamented Jerry And today I need over just to match that 4500 in 68 By increasing my payout each year ran out of money in 1983 and that when I started borrowing from the kids Theyve been great helping Muriel and I out knowing full well we can never repay them Im 81 years old now and cant work to replace that income Well Im now too said John But Ive taken the same in come each year you have never borrowed a penny from my children and now have over left from my original in vestment of into mutual funds We wish we could change the above story about our two fic titious friends but we cant It is a mathematical fact that a person with in 1968 investing it at io per cent and taking out that year increasing that payment each year by the rate of inflation needed 16000 in payout by 1988 But that person would be dead broke and in fact over 50000 in the hole if hes been able to finance il we called him Jerry The person who chose to invest his into the mutual fund we called him John took exactly the same income year by year but is not broke because the value of his investment remaining at the end of November was over The per cent guaranteed result is mathematical facts The mutual fund results are exact past performance as mutual funds have their results published daily and their long term results publish ed in Canadas financial newspapers Its a shame but most financial writers tell you that because you are older you should be in guarantees Who would you rather be Guaranteed Jerry or mutual fund John The mutual fund used was Industrial Growth Fund For a FREE chart showing a investment into a mutual fund taking an indexed payment each month ask for indexed withdrawal Contact Peter C Drive Georgetown Ont or phone 8777216 Paul J Rockel is the author of the best seller Why Invest In Mutual Funds and President of Regal Capital Planners Ltd MAID SERVICE WHOS BEST TrlATSWHO THE AWARD WINNER mm coram coast Call Margaret 8732165 HOME PRODUCTS LTD No one ever regretted buying quality Custom Design Installation THERMAL REPLACEMENT WINDOWS STANLEY THERMAL ENTRANCE DOORS PATIO DOORS SOFFIT FACIA AND EAVESTR0UGH SIDING PATIO DECKS AND FENCING SOLARIUMS NEW ADDITIONS CUSTOM DESIGNED BAY AND BOW WINDOWS ALUMINIUM AWNINGS AND SHUTTERS VERTICAL AND HORIZONTAL SHADES 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