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MONEY MANAGEMENT 89 Wednesday February Page Moving Dont forget the bank The Royal Canadian Mint has of precious metal investment coins in pur platinum above and pure silver which will join the Gold Maple Leaf on the market in New platinum and silver coins join Mints famous gold series The Royal Canadian Mint has entered 1989 with a new series of- precious metal investment coins in pure platinum and pure silver The new Maple Leaf coins join the highly successful Gold Maple Leaf offering launched in and responsible for some 55 billion in export sales since then The Platinum Maple Leaf bears the familiar maple leaf symbol and is struck in 9995 fine platinum in sizes of one Troy ounce and one- half onequarter and onetenth Troy ounce They are legal tender and bear nominal values of 50 20 and respectively The new Silver Maple Leaf coins are similar in design They are struck in fine silver and are available in the industry standard size of one Troy ounce with a nominal value of At the launch of the new coins in November Mint president Maurice Lafontaine said Canada is a sig nificant producer of platinum and one of the worlds largest producers of silver It is a natural extension of our expertise in marketing bullion investment coins to now offer a choice of gold silver and platinum all with the quality and liquidity the Maple Leaf has come to stand for Investors will be able to purchase and sell the new coins as easily as the Gold Maple Leaf Large wholesale level firms have been ap pointed as distributors in North America Europe and Asia all known for the international ex perience in precious metals Platinum and silver com sales tar gets are 100000 and Troy ounces respectively in the first year the Mint says Canada is very much a nation of the move estimated that some 2000000 of us make a move every year an annual migration charac terized by stress and a sense of I know Ive forgotten something which is too often true Too many people forget to take care of their banking affairs before they move In doing so they miss out on some valuable bank services which could help later headaches Take one example everybodys basic chequing account Com puterization has made sameday transfer of funds a commonplace event while cheques can take a few days to process If you haven enough in the old account to cover cheques written on it your cheque will automatically be returned No one needs he aggravation of deal with a cheque marked Not Suf ficient Funds A little timely attention to that chequing account could prevent the annoyance and potential damage caused by a cheque that bounces while funds are being transferred to the new account Homeowners sometimes ap proach the bank for bridge financ ing which will cover the purchase of a new house before the old one is sold This is especially useful when the two homes are some distance apart eg Vancouver and Montreal and timing is crucial if the move is to be relatively problem free Special packages Some banks have special pack ages of services to assist with a change of location as long as you intend to switch to another branch of the same bank The package will usually include recommendation of a branch in the new locauon transfer of outstanding loans car furniture mortgage etc to the new branch closing of safekeeping services safety deposit box bonds in safekeeping and optional trans fer to he new branch transfer of accounts personal chequing GIC etc and of course leaving a forwarding address Banks are prepared to go to great lengths in order to retain customers Your manager may provide a letter of introduction to the manager of the new branch which can be a use ful tool in establishing credit There are also the freebies such as free customized cheques with the As well some banks dont charge normal com mission on travellers cheques Services vary with the banks but youll never know what they offer until you ask For more information about mortgages write for the free booklet Mortgage Wat The Canadian Bankers Association Box ISOO Station A Toronto Ont 2N8 Timely tax tip If you had net capital losses in 1988 you may only be able to deduct them against taxable capital gains of other years andnot against other sources of income f r Pannell J Kerr MacGillivray I p J In Brampton or worldwide It all fits together For Information MARTY HUGHES G HUTCHINSON George Street South Brampton Ontario 2E1 4533232 Telefax 416 4533522 Kerr MacGillivray Chartered Accountants International Member offices across Canada and more than 200 offices worldwide COMPUTER DATA SERVICES We offer a modern approach to your accounting problems with stateoftheart Computerized Financial Services Financial Statements General Ledger Accounts Receivable and Payable Payroll Financial Forecasts and Cash Flow Mortgage Schedules HOURS MondayFriday 900 am500 pm in Computer Data Services 37 MAIN S GEORGETOWN 8776565 8775656