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Slscholarshrf U of T av1d Caspari, M. D., director of Dmedical and scientific affairs at Oakville-based Searle Canada Inc., recently presented the second Searle Microbiology Scholarship to Gihane Wasfy and Darrin Bast, first year graduate students in the Department of Microbiology at the University of Toronto. Searle Canada Inc. â€" a pharmaceutical manufacturer â€" established the scholarship at the university in 1992 to help fund basic scientific research in microbiology and infectious diseases. Under the supervision of Dr. Linda Penn, Wasfy will study two oncogenes (genes that _ cause cell growth), cellular myc (c-myc) and bcl-2, in order to isolate genes that are similar to bcl-2. The oncogene bcl-2 has been directly linked to the cause of cancer. Bast, under the supervision of Dr. Jim Brunton, will examine a toxin named verotoxin that has been linked to outbreaks of bloody diarrhea and kidney failure in children and the elderly. “This scholarship illustrates a partnership that has been created between the scient'fir: community and the pharmaceutical industry,” says Dr. John Penner, professor and chairman of the microbiology department at the University of Toronto’s Faculty of Medicine. “As university budgets continue to be reduced and sources for academic funding become competitive, such relationships are important in the continuation of leading-edge scientific and medical research.” ”The Searle Scholarship in microbiology demonstrates our company’s ongoing commitment to fund basic scientific research,” says Caspari. “Our contribution will help provide the university with the necessary funds to continue its excellent research in microbiology and infectious diseases.” Searle Canada Inc. is a research-based ’.company and a leader in the field of rheumatological, cardiovascular, and gastrointestinal pharmaceuticals. Co-rec1p1ents of the Searle Canada Inc. microbiology scholarships are Darrin Bast (left) and Gihane Wasfy, department of microbiology at the University of Toronto, are shown here with Dr. David Caspari, director of medical and scientific affairs at Oakville-based Searle. One Hour MotoPhoto is top franchise One Hour MotoPhoto has been named the winner of ‘The Second Annual Canadian Franchise Association Award of Excellence in Franchise Relations’ sponsored by the Royal Bank of Canada Sam Hamam, President of One Hour MotoPhoto, accepted the plaque that salutes, “The franchisor who has developed and maintains such an outstanding relationship with its franchisees that it is a shining example to the franchise and business community.” Same and Bill Hamam started One Hour MotoPhoto 1n Canada 1n 1987. The company now has 36 franchisees owning 42 stores (four new ones this year) Five franchisees have two MotoPhoto outlets including Rob Smith and Marilyn Carey who operate stores at 1011 Upper Middle Rd. and at the Burlington Super Centre. Bernie O’Keefe operates the Maple Grove Shopping Centre outlet. Despite the recession One Hour MotoPhoto profits were up 26% as of the end of September. FRIDAY: NOVEMBER 19, 1993 PAGE 27 SPREAD Sheet wWills aid United Way The Oakville law firm of Marler Kyle is staging its first annual United Way “WILL” Campaign to be held at 86 Chisholm St., on Tues. Nov. 23rd from 4:00 pm. to 8:00 pm. Those attending will have their will professionally prepared for a donation of $50.00 to the United Way. No further fee will be charged. For more information and appointment, contact their office at Marler Kyle, Barristers and Solicitors, 86 Chisholm Street, Oakville, L6K 3H7, Tel: 338-2300. Business scholarships High school seniors who are the children of independent business owners in this area are eligible to apply for a $500 scholarship offered by Padgett Business Services. “This year’s economy has created many concerns for small business owners,” remarked. Alphonse Nachia of the Oakville Padgett office. “Among them is adequate funding for their children’s education.” A scholarship applicant must be a graduating high school senior who plans to attend a post-secondary accredited institution. In addition, the legal guardian of the student must be an active owner of at least 10% of the stock or capital in a local business that employs fewer than 20 people. Deadline for applying is March 1, 1994. For an application and further information phone 842-5812. Short term market deeisions mostly guesswork fixed income investments into ome of your investments have been doing just fine. But as always, you are nervous about the future. Last year, you converted some of your low-return growth-oriented equities. The returns have been amazing. Particularly, when you consider that the lingering effects of the recession still exist. ' million Canadians High unemployment has resulted in 1.6 not having a job. Plus, there is a high degree of pessimism in the air. It seems strange that equity. And now you are 5,000. He said that m the 92 years of this work. Taking 3 short- you could profit in such a negative environment. You have a few concerns. In hind sight, you should have invested more of your portfolio in SHERIDAN COLLEGE COMMUNITY CALENDAR Have you received your free copy of our Winter ’94 Community Calendar? if not, and you would like one delivered to you, please call our distribution agent at the Oakville Beaver, 845-9742. (Apartment residents should call Sheridan College at 815-4008.) Copies are also available for pick up at all Sheridan College campuses and at HaltOn/Peel libraries. Most continuing education classes startthe week of January 10. £3 SHERIDAN Register now to avoid disappointment! C'OLLEGE concerned'about a market correction. If you convert more of your fixed income investments to equities, will it be just in time for the market to decline? Welcome to the confusing world of finance. Investment opinions are so much easier after the fact. It is predicting the future that is awkward. There are two things that I can tell you that might put your investment decisions in the proper context. First, you can not accurate-1y predict what will happen in the market in the short term. In fact, focusing on the short term will just frustrate you evenmore. In my opinion, this doesn’t term approach to the longâ€"term event of investing for growth will just distort your expectations. Yes, your investments will likely do well in the long term. But in the short term â€" who knows. Anything can happen. Which brings me to my second comment. In' the long term, there will be many market corrections. In any market, you have to take the ~downs, as well as, enjoy the ups. This was discussed at an investment meeting in Toronto recently. Peter Lynch â€" the famous retired mutual fund manager from the US. â€" was in Toronto to speak to an audience of century, there have been 50 corrections of 10% or more. And there have been 15 stock market” declines of 25% or more. You have to accept this risk if you participate in the equity growth market. So, your decision is simple. If you invest for growth over the long term, you will have market fluctuations. ‘ Don’t be too, disappointed when they occur. Conversely, you shouldn’t be too overjoyed at a. particular good year. Peter Watson, MBA, CFP, RF? is the president of Peter Watson Investments Limited â€" an Oakvill I firm specializing i retirement planning, RRSPs, and investment‘ planning. He can be reached at 842-7602.