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THE HERALD Wednesday Page Business Page CSBs arent popular now Georgetown PontiacBuick is now Chrysler Diane Maley Georgetown Buick on Guelph Street became an exten sion of Georgetown Chrysler last Friday said Gerry a field development advisor for General Motors of Canada is a division of General Motors Canada Barry who ran the GM dealership and will run the ex panded Chrysler dealership con firmed the change in dealerships but refused to comment on reasons for the change He Mr resigned his dealership voluntarily said Mr Although GM has known for some time of the pen ding change in dealerships Mr Warman said the company was surprised when Mr Whitworth first told GM about the change Mr Warman said the company is currently considering can didates for another GM dealership to open in Georgetown The com pany is also looking for a suitable site Finding a candidate should be no problem but the difficult part will be finding land said Mr Warman He suggested the company would like to set up its next Georgetown dealership along Guelph Street because the towns largest traffic flows are on this road But it will take some to find a location because land along Guelph Street is expensive said Mr The company hasnt ruled out establishing a dealership at a loca tion other than along Guelph Street said Mr Warman Meanwhile Mr said The Georgetown Pontiac Buick Raiders Junior B team name will probably be changed to Georgetown Chrysler Raiders He has to submit the new name to the teams board of directors but there shouldnt be any objections to the name change said Mr Whitworth Are you getting the most for your money If your money is in Canada Savings Bonds the answer is no Fewer people than usual bought CSBs last fall The campaign netted the government billion compared with billion a year earlier This is because the 105 per cent coupon was not all that attrac tive compared with other in vestments It is less so now Those who did buy the popular cashable bonds may have good reason to stick with them If you bought oh a payroll savings plan for example you have not paid for them fully yet You cant sell what you dont own But you can pay off the balance and cash in the bonds There are other reasons to keep some money in It is always- a good idea to have a few thousand dollars in cash or cash equivalents on hand for emergencies Rather than letting your cash reserve sit in a lowinterest savings account you can keep it in CSBs You can There is a variety of federal for seniors in Canada you like to know what they are The Seniors Guide To Federal Programs And Services pro vides basic inform ation about federal benefits and services available to Seniors This guide is available in English and French It is now being produced in nine other languages for distribution this summer The guide will also be avail able in a talking book form in both English and French this spring If you would like to obtain your copy of the guide andor talking book in the language of your choice check the appropriate box below Please fill in the attached coupon and mail it to Seniors PO Box 8176 Ottawa Ontario K1G3H7 Street- City Province Postal Code- Boo English French German Hungarian Ukrainian Portuguese Italian Russian Polish Greek Chinese Talking Book English French Government Gouvernement of Canada Canada Seniors ainees Canad3 cash them in without penalty after Jan 3D if you need to Besides you may agree with Finance Minister Michael Wilson that interest rates are going to fall substantially before long In that case you may want to stick with CSBs because the interest rate is fixed until Nov 1 COMPARE RATES This argument pales if you have a substantial amount of money in CSBs With even you would be better off buying sister product Government of Canada treasury bills Sixmonth treasury bills are yielding more than 13 per cent on the wholesale market You will not get that much on your But if you shop around you could get per cent or so That would be two full percen tage points more than you are ear ning on your CSBs Mind you shortterm treasury bills fall short of the Nov 1 maturity for CSBs so you could lose out on interest if in terest rates fall You can buy treasury bills from banks stockbrokers and other financial institutions Money market mutual funds are another alternative to CSBs They yield around per cent now But the yield fluctuates from month to month so it will fail if in terest rates drop There are also cashable guaranteed investment certificates Some trust companies let you cash in oneyear after three months with no penalty It is just possible that Mr Wilson will raise the rate on CSBs mid term He has done this in the past But it is not something the govern ment likes to do WHAT TO DO Will interest rates fall much over the next few months It is beginn ing to look doubtful For rates to fall in Canada they will have to fall in the United States After a brief slowdown the US economy seems to be bouncing back To make things worse interest rates have risen in Japan and Europe They will fall eventually but that day may not come as soon as borrowers would like Chances are interest rates will continue high until late this year or early next year When they do fall it could be far and fast The drop will be greater for shortterm investments such as than for longterm in vestments such as marketable bonds and fiveyear GICs If you have a lot of money in shortterm investments it may be time soon to diversify One approach would be to buy shares of a bond mutual fund some time over the next while Unlike marketable bonds trade in the bond market Bond funds tend to spread their investment over short medium and longterm bonds They may shift from one- end of the market to another if they think interest rates are about to change AMIGA GIFT PACK SALE Colour Monitor colours on rn soft ware packages AMIGA 2000 HD BUSINESS PACKAGE 2699 Colour Monitor 4096 colour on screen Meg Chip Ram Ex pendible to meg meg Hard Drive Keyboard Great for Desk Top Publishing Desk Top Video Lotus COMPUTER SALES SERVICE 416 8730325 416 Fax 348 Guelph St Georgetown