The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

Recently, a new mutual fund alternative has emerged that the conservative investor should consider. This investment is a foreign pay bond fund. This type of fund invests in bonds issued by the Government of Canada, the provinces and the World Bank that are denominated in other currencies such as the Japanese yen, the French franc, the Deutsch mark, etc. Since the issuers of these fonds are Canadian, they are 100% eligible for your RRSP. This type of bond will increase or decrease in value based on the direction of interest rates in the country in which it is denominated. For example, a Government of Canada bond issued in French francs will appreciate in value if French interest rates decline. Currently, long term French interest rates are still very high relative to inflation levels in that country and appear to be in a downtrend. If this continues the French franc fonds will appreciate in value over and above the yield they provide. in the long run, there‘s an investment fund that gives you an immediate tax advantage. Working Ventures Canadian Fund gives you a 40% headstart over just about every other fund in Canada. The Power Of Working Ventures Canadian Fund W hile mutual funds are generally designed to reward investors Now, you can take advantage of a unique investment fund â€" Working Ventures Canadian Fund â€" that could permit you to reduce this year‘s taxes by $4,500! That‘s 40% more than the tax benefit of just about every other RRSP in Canada. You receive $2,000 in tax credits* by investing $5,000 in Working Ventures Canadian Fund. The fact that Working Ventures shares are also L_______â€"â€"â€"â€" eligible for an RRSP means further tax breaks. For instance, if you are in a 50% marginal tax bracket, a $5,000 contribution to an RRSP would reduce your taxes by a further $2,500, for a total of $4,500 ($2,000 + $2,500) in tax savings*. Your investment will primarily be reinvested in promising, growthâ€" oriented small and medium size businesses in your province. Experience That Counts Key to the performance of the fund is the expertise and experience of its management team headed by Ron Begg, President. track record of success combines senior corporate management disciplines with the handsâ€"on companyâ€"building skills of a successful entrepreneur. This complements well the investment and finance background of Jim Hall, Viceâ€"President Investments. Jim has solid professional credentials from public accounting and merchant banking, and a record of originating and managing successful investments. Jim offers a prudent, tlisciplined and seasoned approach to the development of a strong, diversified investment portfolio. Save an Extra 40% in taxes on your RRSP contribution this year These funds allow an investor to still have Canadian issuers, such as the Government of Canada, guarantee the principal of these bonds but provide the investor with currency diversification and a chance of capital appreciation by participating in bond markets that are at a more favourable part of an interest rate cycle. Since these funds invest in bonds in other countries, then there is a currency risk. If the currencies that these bonds are denominated in decline relative to the Canadian dollar, then there is the chance for some loss of value due to the currency fluctuations. Discover How Working Ventures Can Work For You WORKING VENTURES CANADIAN FUND INC. Here‘s an example: Investment in Working Ventures _ $5,000 Tax Savings â€" $2,500 â€" RRSP tax deduction (at 50% asspmed tax rate) Federal Tax Credit (20%) â€" $1,000 Provincial Tax Credit* Your Net Cost $500 Your Total Tax Savings $4,500 (20% where applicable) â€" $1,000 However, this risk also provides some chance of reward if these currencies appreciate relative to the Canadian dollar. Some funds also engage in currency hedging. They can use hedging techniques that totally remove the currency risk by hedging back to the Canadian dollar. Another technique is to hedge out of one foreign currency into another foreign currency. Using this technique, a money manager may have Canadian issued and guaranteed Deutsch mark and French franc bonds hedged to the Janapese yen and U.S. dollar. It may sound confusing, but what this type of investment does is to give you higher potential returns with less risk due to wider diversification. All foreign pay bond funds are considerably different in structure and strategy, and therefore, you should consider carefully which one is appropriate for your overall financial plan. For more information, please call: ANDY BLANCHARD FINANCIAL CONCEPT SECURITIES 22 Lakeshore Rd. West Oakwville, Ontario Tel: (905) 338â€"8600 Investment Objective Working Ventures‘ objective is to produce the superior returns traditionally associated with investment in dynamic and growing businesses, while minimizing risk through prudent â€"â€"â€"â€"â€"â€"â€"â€"â€" _ development and management of the fund. Participation in Working Ventures should be considered as a long term investment. However, you may redeem (cash in) your Working Ventures shares subject to certain conditions. If you redeem your shares within 5 years of purchase, you will be required to return your tax credits to the federal and provincial governments (some exceptions apply). Working Ventures may restrict total redemptions to 20% of total assets of the fund in any one year. A fee of 3/4 of 1% of redemption value will be charged for each year shares are held short of 8 years. Poised For Growth Due to the current economic environment, Working Ventures is in an ideal situation, prepared to take advantage of investments in underâ€" valued businesses and positioned to profit as the economy turns around. And, while a majority of the fund‘s assets will be invested in enterprising businesses to maximize return potential, risk is tempered by investing a portion of assets in shortâ€"term, high quality government securities important information about this investment fund is contained in its prospectus. Obtain a copy from a securities dealer duly qualified and licensed to distribute these securities and read it carefully before investing. Share value and investment return will Aluctuate. "The extra provincial tax credits are available to investors resident in Ontario Prince Edward Island and New Brunswick. First published October 1993. Private equity investing involves certain risks that are not encountered with many other investments. Although Working Ventures provides you with a tax credit to help offset those risks, it cannot guarantee that its investments will earn a specified rate of return, or any return, in the short or long term. In addition, a private equity investment involves a longer term commitment. m (Continued from page 10) Wicbe, $42â€"1327. 7:30 p.m., Knights of Columbus Hall, Bronte Legion ladies auxiliary Wallace Road. Information: Valerie (Branch 486) holds Euchre, 8 p.m., at Clements, 336â€"0880. the legion, 79 Jones St. $2 per person Games Afternoon at the Oakville Senior Citizens Recreation Centre: cribâ€" bage, euchre, scrabble or bring along something new. No cost. Information: 845â€"8141 Everyone welcome. Sufferers, family and friends of Chronic Fatigue Syndrome/ME meet, 7 p.m., St. John‘s United Church,, 262 Randall St. Information: Marg, 338â€" 3888 or Paul, 849â€"1674. Mothers are People Too, a presentaâ€" tion of the Oakville Parent Child Centre, features Aromotherapy with Meredith Hill of The Body Shop, 9:30 to 11:30 a.m. Information: 849â€"6366. Oakville Singles Club meets, 8 p.m., Oakville Legion, Navy Street (upstairs) Dancing to music of DJ..Information: Roy Harrison, 825â€"9868 or Audrey Open weekdays until 8 p.m. Sat. 9â€"5, Sun. 1â€"4 Bronte Legion ladies auxiliary (Branch 486) holds Euchre, 8 p.m., at the legion, 79 Jones St. $2 per person. Draw, euchre prizes and light lunch. Kick up your heels for Big Sisters. Fundâ€"raising Line Dance Evening, 8 p.m., Student Activities Centre, Sheridan College. Instruction begins 8:30 p.m. Cost: $10 (students, $5). Tickets: 338â€"0238, through the SAC office, Sheridan or at the door. Mini Powâ€"wow, native crafts, dancers and drums, 11 a.m. to 6 p.m., Hugh Foster Hall in Milton (adjacent to town hall) $2 admission. Fundâ€"raiser for second annual (North American) Georgetown Powâ€"wow at Croatian Centre in Norval May 28th and 29th. Oakville Parentâ€"Child Centre preâ€" sents 5th annual Frosty‘s Fun Fair, 11 a.m. to 3 p.m., White Oaks Secondary School, Montclair Drive. Kids crafts and indoor carnival games. Family admisâ€" sion: $6 enables kids to participate in Galaxy Golf, Moonrock Toss, and Catch a Falling Star. Frosty‘s Something for Everyone Silent Auction. Frosty will be there as will ZAP the Safety Bird, McGruff and Jake from the Lake. Halton Peel branch of the Ontario Genealogical Society regular meeting, 2 p.m., Chinguacousy Branch Library, lower level, 150 Central Park Dr. Visitors welcome. Guest speaker: Alexandria Palmer from the Royal Ontario Museum Textile Department on Dating Photos through Fashion. Living with Cancer meeting, 7 p.m., Cancer Society office, 51â€"635 Fourth Line. Group helps provide emotional support and practical guidance to patients, family and friends. A guest speaker, a video or other activity may be planned for the evening. No charge. Oakville Christian Womens After 5 Club Dinner, 7 p.m., Holiday Inn. $14. Featuring Paddington‘s Bed ‘n Bath with the latest in fashions for your bed and bath; music by Dave and Collette Squires and speaker, Ilona Turner. Reservations: Deb, 844â€"2803 or Susan, 826â€"8441. In this week‘s ‘Stockâ€"Up Sale‘ flyer the copy for the ‘Sonic Chaos 2‘ game featured on page 4 should have read â€"‘Sonic Chaos‘. We apologize for any inconvenâ€" ience this may have caused. SATURDAY FEB. 26 Large living dining room with main floor family room with fireplace. 4 bedrooms, 3‘/; baths, finished basement with kitchen. Rec. room fireplace. Mohogany trim doors, ceramic floor, central vac air Walkâ€"out to deck. $245,000 OPEN HOUSE FEB. 26 27 SAT. 10â€"6, SUN. 12â€"5 For additional information. Please call Sophia Maler COLLEGE PARK AREA Kmart Canada Limited 849â€"8145