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Investor's Inquiry by Charles Colling As time is running out for arranging or rearranging a Registered Retirement Savings Plan for the taxation year of 1981, it may be a good time to look at a Self- Administered Registered Retirement Savings Plan where you make the decisions and changes as you go along. To this end, it would, especially for the less experienced investor, be advisable to con- sider good quality, high yield, preferred shares selling under par, or high yield, short term discount bonds. This will give the in- vestor the most flexibility without time limit and thus, in the long run, the best return on his or her investment. Examples of these vehicles are outlined as follows: Convertible Preferred - may be, at the option of the shareholder converted into a specified number of common shares of the company. Participating Preferred - entitled to share with the common stock in excess profits of the company in the form of extra dividend payments. Redeemable Preferred - in which the company has the right to call in for redemp- tion at a premium at any time upon due notice to the shareholder. ' Sinking Fund Preferred - The company sets aside each year a certain sum from profits for the gradual retirement of the preferred share issue. Purchase Fund Preferred - under the terms ~ of which the company agrees to purchase each year on the open market for retirement purposes only if the stock is at, or below, a pre-stipulated price. In addition to these, there is what is known as an Accumulative Preferred which may or may not be included in any of the aforementioned classes, and means that if a dividend is omitted, it accrues to the credit of the shareholder and must be paid in full before any dividends can resume on the common stock. As well as the above preferred shares, there are all types of bonds; Government, Provincial, Municipal and Corporate with varying maturities and vields. Time running out for RRSP's This type of Registered Retirement Savings Plan allows the investor a choice of all types of individual investment or a combination of several types in the one Plan. Your Invest- ment Dealer would be pleased to further explain and arrange this for you. Charles Colling is the resident manager of Yorkton Securities Inc. in Midland. In sen- ding in questions to be answered, please remember Securities Commission Regulations will not permit giving opinions or recommendations on any specific securities through this column. All other signed inquiries will be answered as soon as possible. In all answers only the inquirer's initials will be used. Address all questions to "'Investor's Inquiry" c/o The Midland Times, Box 609, Midland, Ontario Countdown to Winteram by Joan Northcott It's that time of the year again, time to start thinking Winterama! The Chamber of Commerce's_ Winter- ama committee has already had three public meetings so things are well underway. The theme for the parade this year is Centennial. Anyone with a float to enter is asked to contact Mr. Phil Duval, 549-8764 after 5 p.m., or John O'Hara at 549-2940. Mr. Randy Brown, art teacher at M.S.S., once again designed the Winterama button. These buttons are on sale now in local stores. Profits from the sale of these buttons helps defray the costs of Winterama. Show your support by buying and wearing a button. Once again this year the downtown mer- Ceheaanats o f Penetanguishene will be sponsoring the following contests: Jason's Dept. Store - "Winterama Beautiful Baby Con- test.'"' Centre d'ac- tivites francaises - "Carnival Spirit Spotter Contest." Mailloux's Shoes - 'Footsie Con- test."" Handy Andy - "Handy Man Contest."' The BIG contest in- volving 23 merchants is this. The letters WINTERAMA CAR- NAVAL D'HIVER will be hidden in various stores around town. When you have located all the letters fill out the entry form and drop it off at the Chamber office at the Town Dock. Entry forms may be obtained from The Bank of Nova Scotia. CKMP radio station will be sponsoring a '"*Snow' Sculpture Contest" (weather permitting), open to all residents of Penetanguishene. There will be two categories; one for school children' - sculptures to be built on the front lawns of the various schools; one for families - sculptures to be built in own front yard. Those interested in entering can register by phone at 526-2268 or by sending a postcard with name, address, and telephone number to CKMP, 490 Dominion Ave., Midland. The Centre d'activites francaises will again be sponsoring the Lum- berjack contest. This year it will be held in the Main Street parking lot next to the Centre (Old Post Office.) Con- testants should be 18 years of age or older, and wear steel-toe boots. All equipment will be provided. For entry forms and more' information, contact Jeanne Forget at 549- 3116. Friday, Feb. 19 is "Jour de Tourtiere". Join in the fun and celebrate together by eating a meat pie that day. Orders will be delivered hot to businesses around town. You can pick upies by dropping into Boutique Chez-Nous, 63 Main Street. |Hilisdale® by R. Lea The Presbyterian Church held their congregational meeting last Tuesday evening. The past year was very encouraging. The ladies served lunch after the meeting. The card games held at the Community Park every Monday night are doing very well. Several people are on the sick list. Carlyle MacDonald, Alvin Drennan, Bob Greenlaw and others are all patients en In charge of the Queen Contest this year is Josie O'Hara, Mary DuBeau and Joyce Sauve. Local mer- chants who are willing to sponsor a contestant can do so by contacting Josie at 549-2940, or Mary at 549-2966. The Queen will be crowned at a Winterama dance at P.S.S. on Friday, Feb. 19. Volunteers and ideas are still needed. Why not come out to the next public meeting and help out. It will be held Friday, Feb. 5, upstairs in the Commodore _ Hotel. Chairman for Win- terama Carnival this year is Mr. Phil Duval, secretary - Mrs. Joyce Sauve. If you are in- terested in getting in- volved, call Phil at 549- 8764, or Joyce at 549- 7782. This is the first of a series of weekly columns to\keep you up to date on what's happening for Win- terama. WiNTERAMA AVAL 4, PUIVER Sranguis" Penetanguishene General Hospital. We wish them all a speedy recovery. Alvin Drennan cane home yesterday. Mrs. Feindell is en- joying some holidays in Florida. Bert and Walter Morrison have gone to Florida for the winter months. Mr. and Mrs. Lorne Tinney spent a week with his son Ray in Tottenham while Ray's wife was in hospital. Penetanguishene, ont owners and landlords financial residential assistance for unit repairs under the R.R.A.P. GRANTS AND LOW INTEREST LOANS are available for home and residential rental unit repairs NOTE: Handicapped people may also be eligible for a grant or low interest loan to do-required repairs. Applications are now being accepted for home wishing to apply for home and rental Penetanguishene, with the exception of those units wamew subdivision Rolling Sands {i O.H.R.P. (Ontario Home Renewal which is a Provincial sponsored program. All home owners" and (Residential Rehabilitation Assistance Program) which is a Federal sponsored program, and 9g Progr The programs provide ess portions as follows: aid the interest rate, which nt to 18%. per cent depending s used, is again geared to in- loans with Gh A This year say it with diamonds...19 of them... featured in 'The Princess', a beautiful Ring especially priced at O.H.T.P. Housing: us amily Income Grant Maximum Loan $58s8-00 i $6,000.00 or less $7,500.00 (Including grant) ; Note: $15,500.00 A.F.1.%is the maximum income for Valentine's Day. Regularly sells for*895.00 where a grant or loan is available. Interest rate ranges from 0 per cent to 8 per cent depending on income. (1-20 yrs. amortization). R.R.A.P. Housing: ; Adjusted Family Income Maximum Grant Maximum Loan. $9,000.00 $3,750.00 $10,000.00 (Including Note: $16,450.00 A.F.1. is the maximum income where a grant is available. Income above that is eligible for loan only. Present interest rate is 18% per cent (1-20 yrs. amortization). Maximum Grant 50 per cent of construction cost, to a maximum of $2,500.00 per unit CZ = | LTD. 297 King St., Midland 526-6481 " Wednesday, February 3, 1982, Page 7 R.R.A.P. Rental: NOTE: Not geared to Income Home owners wishing to apply for a loan should contact the Town Office, at 10 Robert W., and ask for Eric Buchholz, Chief Building Official and Property Standards Officer, or phone 549-7453 for further information. --