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fa AL a PT ord "opt mp Jess A, ART IN ef nt Soy Et a on ond Eee 10 -- PORT PERRY STAR -- Tuesday, May 17, 1983 Adopt realistic finances to win economic battle by Harry L. Mardon These are scary times. Unemployment is at its worst level since the Dir- ty Thirties. Inflation is raging at a double-digit level. The rates of business and personal bankruptcies have soared. The economic malaise afflicting Canada has started to seriously undermine business and consumer confidence in the future. Many savers and investors are wondering about. the wisdom of putting aside money for future needs, if its value continues to be eroded by inflation. However, history, has proven time and again that those who will best survive a period of severe recessions are the CHEMICALS ones who have put their financial affairs in order. They'll be the long-term winners. There's no magic for- mula to this. It's mainly a matter of adopting and following a realistic per- sonal financial plan; one designed to achieve the financial success goals set for themselves by in- dividuals or families. Financial success means different things to different people. For some it may mean hav- ing $1,000 in the bank and no pressing bills, or own- ing a house clear of a mortgage. For others it may mean accumulating enough capital to have a business of one's own, or the money to put all the children through university. It would be relatively easy for the average Canadian to achieve at least a modest scale of - financial success if there were not obstacles. But - there are. Two of them virtually beyond the con- trol of individual Cana- dians' two are within our power to overcome. These four major obstacles are taxes, in- flation, lack of a plan and procrastination. Taxes: Everybody's bugaboo. Canadians are among the most heavily taxed people in the world, when you add up all the up-front and hid- den taxes levied by three levels of government, federal, provincial and municipal. The average Canadian works nearly five months each year just to meet his tax obligation. There are ways to lighten that tax burden however. Inflation: a sneaky form of taxation. It is dif- tive effects of inflation. Lack of a plan: Because there are -so many financial products and services to choose from and every person has difference cir- cumstances, there is a strong tendency to haphazardly adopt a sav- ings or investment pro- gram unsuited to a long- range personal financial objective. An organized financial plan that takes into account personal cir- cumstances, needs and ambitions is the key to financial success. Not having a plan is an in- vitation to worry or despair. " Procrastination: Well, let's put that off for now, These obstacles to attain- ing financial success are not the only problems which confront many Canadians. Other pro- blem areas included buy- ing too much on credit, impulse buying, not budgeting in even a DODO IO DO OOOO OOD l ll SPECIAL CARE EXTENDS LIFE OF BIRCH TREES It is not uncommon to find birch trees in the landscape scene that are dying. These trees usually appear quite healthy un- til suddenly the top of the tree starts to die and this progresses down until the whole tree is dead. This decline is due to a com- bination of environmental factors and not to any specific pest such as bronze birch borer, says Burke McNeill, Ontario Ministry of Agriculture and Food nursery and ornamental specialist. . .. This pest is usually blamed for the problem because it is * found under the bark at the time of death and it does cause the final decline and death of the tree. Most people are not aware that in nature, birch is a Iolativaly short-lived plant, McNeill say Under good growing conditions, in the forest, its life span is about 40 years. During this life span, it turf. In addition, we seldom plant ground covers around the base to help shade their roots. These stresses, wet soggy soils and drought, are the most important reasons for decline of the birch, McNeill says. Without a strong, vigoroug root system, the birch begins to weaken. Insect pests such as the birch leaf miner add to these stresses if they are not controlled, further weakening the tree. Once the decline has begun, usually between 10 and 20 years after planting, the bronze birch borer causes the final decline and the top of the tree begins to die. By this time, the damage is done and chemical control of the borers, which is difficult to control even for professional arborists, is not going to be effective. The decline continues until the tree dies. At this point, it is time to con- \ Frei LAA 444044 hr OO OO DO DOOD lB sider planting another birch tree or another type of tree that will stand up to the existing en- vironmental conditions. If you decide to plant another birch _tree, the following suges- tions will help extend the life of the is providing cover for other hard- woods and softwoods that, as they mature, take over the forest _ eventually forcing the birch to disappear. - In nature, bireh grows in well- drained locations, near water, but rough fashion, and mak- ing rash investments. sound personal financial planning will help to . avoid these pitfalls. Next: The price of ficult to obtain wage or salary increases, or a high enough return on your money, to offset the destructive effect of a shrinking dollar. In fact, & POOL SUPPLIES -- Still Available -- MAA AAA A444 00a oy LA 4440 LCT CP Pi MA AAR d many Canadians arelos- procrastination. never in it, and in most situations tree, McNeill says. 3 r ca e pools ing ground financially, (Mr. Mardon, former- the root system is protected from Plant birch trees in well $ SINCE 1973 especially those living on ly business editor of the direct sun by undergrowth of drained locations. If drainage is $ now-defunct Winnipeg Tribune, is manager of corporate communica- tions for The Investors Group, the Winnipeg- fixed incomes. Solid im- aginative financial plan- ning and a proper choice of investment vehicles can go a long way to poor, planting above existing soil level might be more practical. Water the trees well in periods of drought; soak them well once a week rather than a sprinkle each dogwoods and other plants that cover the forest floor. When we plant birch, most often we plant themm in the lawn, in full sun and in poorly-drained 451 Queen Street Prince Albert 985-7605 CS A444 Finally, plant species that are more resistant to adverse condi- 'tions. Canada's native paper birch (Betula papyifera) appears mature, the roots have a harder - time surviving as they attempt to work their way into surrounding soil. In the spring and again in the overcoming the destruc- based financial planning heavy clay soils, McNeill says. day. Control birch leafminerinthe $ i P000000000000000000000000000000000000000004 services company.) Birches do well enough when spring. Fertilize regularly each $ : they are first planted, but as they ~~ spring. " | Local girl graduates BD DD DD DD LIND DDL DD NONQUON Jas DODO 0 OO 0 ODD DDD DODO ODDO s ls weekenn .. MAY 21st & 22nd 4 < < 4 to See the Museum In Action! (SEE AD ELSEWHERE IN THIS PAPER) b Then make plans to enter the Canoe Brenda Cummings who River with Ivan ) graduated this year Farrow. Saturday the from Sir Sanford Flem- , Larocques enjoyed a ing College in Peter- borough with a diploma to the soil surface and during these periods. they are in direct competition with the surrounding _. Following all these steps may not prevent your birch from dying - $ prematurely, but hopefully will im- $ prove its chances of survival. 0000008088085 00 0008 000000000000 0000 asses a4 44 supports... ° : ° fall, the ground is often very wet. to stand up better under urban $ 3 3 $ and cool, causing the new roots, conditions then the European $ 3 SCUGOG SHORES $ with collegediploma 3 as they come in contact with birch (Betula alba) often sold in 3 $ MUSEUM $ : $ these soggy conditions, to die or ~~ Ontario. Other species are being $ 4 ; : $ ¢ become badly stunted. - studied at research stations for _$ and helps in making its existence possible! 3 Ged r Crack News During the hot dry periods of their resistance to bronze birch 3 3 3 y M. Tremblay 3 the summer, the roots are stress- borer, and some of these will be $ ~§ Come to the Museum oem} od further because of drought. . appearing on th market inthe" § M > THIS 1 Congratulations to couple of days in South ¢ Birch root systems are very close future. : 3 i 1 day at Lion Safari, Cambridge, Ontario. museum. 4 p 4 . this year. ) > tax purposes. POPPPY } The Nonquon yourself or support an- other paddler with a donation to the Your support of this worthwhile local organization is more important than ever, Donation receipts available for income Race information available at Port Perry Star office or call 985-7134. 3 P0000 0000800000080 008008000000000000000000 VOTO IIIIITIoTIvIeieeeeieeo09e000800000000 in Business Adminis- tration, Accounting Specialization. Attend- ing the ceremonies this past Saturday in Peter- borough were her mother and father, Bruce and Shirley Cummings. Rick, Elaine, Sharon and Richard Larocque and Paul Bert spent a \. 179 Casimir St., Unit 2, Port Perry - 985-7771 *NOW OPEN#* Back from Nova Scotia 'where she was visiting with her sister is Barb Kerswell... The Roy Grahams, Earl Martins and Jim and I attended the Jack and Jill shower for Steve Jones and Melodie Connon at Prince Albert Hall, Saturday evening. After opening their lovely gifts, the groom to - be "thanked the guests. A mouth-water- ing buffet was set out and music began and . the rest of the evening was thoroughly enjoyed by all. Our very best wishes for a happy future together go to this very fine couple. Visitors this week at the Vic Larocques were John and Emily Green- to our Dad & Grandpa - Robert on his Happy Birthday Bradley * 79th Birthday © PUMPS ® HEAVY EQUIPMENT o ° © SYTIVALINIL © SINOHYOLON @ Mon. to Fri. 8a.m. to 6 p.m. TT -- Sr or rare an - from, i Mme || Phhaptediy: the family in 7 AGENT © =x * (Larocque) of New _ Port Perry i ror MET L2G ee & wee y WR RENT SERVICE .' this. Monday, Have a Robbie too! ! COMPRESSORS © SCAFFOLDS © SAWS © DRILLS happy dav. Debt © at 985-7660, .