Can collectors J 4TH WHITBY Scout leader Louis Kahn and Cail 666-4838 or 668-9189 to have themn pick Up (from let) Scouts Andrew Steffler, Boyd Martin, any aluminum, including old Windows, ladders, JoeI Silk and Ryan Haton show just some of the doors or siding, or other non-magnetic metals, pop cans they ve collected to raise money to including electric motors, aluminum boats or old travel to next year's Canadian Scout Jamboree. lawn mowers. P oob akR eoWih rePes Souts pear or Jm By Amy Blundeil the Scouts. "The motto is excellent for this The big event isn't until next July. Ail the money raised will go event , writes Herb Pitt, Camp Yet at least 100 Scouts from towards expenses, including airfare, Chie£, "as the camp is situated on the Whitby are busy raising rnoney to involved in attending the week-long hrsc Lk uyiowihi attend the ninth Scouts Canada jamboree, as the cost ls central to the crossroads cf our Jamboree ta be held ini Thunder Bay approximately $1,000 per boy. wneflcut1. They have done newspaper "Community support is. very -onde rul c sdegedaountrd collections, yard sales, a fun fair and- important," says Kahn eigT he rm s desgned arn they have sold refreshrnents at 'For the youth, this is a once-in-a- eig rthems; eologansporatern soccer tournaments and at Cullen lifetime opper-tunity thatte communication, forestry and fishing. Gardns. houlrA ave o mis."Scouts will be participating in The scouts also do yard work and Allan Haltan (Scouter AI) says that activities at each cf the program ~I babysitting, will soon seIl maple "The jamboree is great because it sites that represent moat cf these syrup, and will hold a raffle and gives the young people cf today the themes. their annual cheese sale. opportunity to experience their This will enable themn to follow a Their most important fundraising country." theme cf interest throughout the event, though, is the aluminum At the jamboree, they will be able jamboree and still be able to take collection now underway. ta interact with people their own age part in a wide variety cf challenges Scouts are going door to door who share similar interests. An ad eprecs ih u en collecting aluminum products such estimated 12,500 Scouts will attend anitd texpriencesiteostbeig 1 as pots, pans, old aluminumn ladders from ail over Canada, and there will Activities include hiking, rafting, aie and especially pop canes. likely be some fromý the U.S. and caneeing, bird watching and 1 "We are deflnitely in the market, if Europe. swimming. Wî anyone would like ta save pop cans It's a very positive thing for They will alsc have the tet for us," says Louis Kahn, also known them," Halton says. opportuziity to visit Sleeping Giant et as Scouter Lou, a troupe leader for "It's a way cf helping them to National Park, where they will have di 4th Whitby. develop their own potential te the an overnight; Mount McKay where tCa "We'll even pick them up." bet cf their abiity, in a healthy they will engage in activities such as Cn Conipanies such as Dupent and outdcor setting." meuntain climbing and mountain aic enrlMotars,aswlasre golf The motte for the jamboree is biking; and a real First Nations e courses, have donated pop cans te Superior By Nature. pew-wow. rIe - m e 'I FROM PAGEl1 have retired befere it, net after it.» He's hopeful ceuncil will "see it ta, change its posi- tion (but) I look farward ta that challenge... "People are genuinely aarmed -- the comrnunity is alarrned --at the prospect cf losing that many offi- cers"hne says, adding managing suchý a cul, if it eccurs, "quile frankiy. wouid represent one whaie of a challenge.» McCagherty has been in- ch ief volved im plicing since jeining the eeocTrant farce as a 17-year-old cierk and «simca then Ive gone ta 'work in a pelice station somewhere ini this country.", He was hired by the aid City cf Oshawa force in Apil, 1966. -Rtring-was a «digficuit decision b ut a right deci- sian; it's the right tume" he says, adding he macle a cemmitment in May, 1992 te, serve as Durharn chief for flve years. «Ifs ged for the service and it'.good fer the cern. Whitby Free Press, Wednesday, November 27,1996, Page 19 INCOPE ALTERNATIVES PLKEE Today's low interest rates are great for most people -except those counting on the income from thefr interebearingjinve5tm*nt5 such as GICs. Are there any "safe" alternatives? There are sorne, depending on your definition of safe." Trust uits have been making lots cf news lately. Trust unita are usually a closed-end fund. This means you have to purchase the units from another investor (ini the market), rather than frorn the mutual fund cornpany. If the trust wants ta increase- its capitalization, it offers a new issue, just like a cornpany offers new s3hares. eRoyalty trusts invest in income-produdmg resource properties (cil, gas, coal, etc.). The yields range frorn six to 15 percoent. Although attractive, you mnust understand you are selling cff the asetstogSet the incorne. A good portion cf the incorne is tax- sheltered, another bonus. The biggest pitfal is buying into a fund with a short life expectancy. 0 Real estate investrnent trusts (REMT) are also closed end funds, but they invest ini commercial real estate. Yields are generally in the six ta nine per cent range, with much cf it tax-sheltered. The main differenoe is that the underlying asset ahould actually increase over tirne. e Preferred ehares pay a stated dividend, which qualifies for the dividend tax credit. If the divdend is . gnifcantly higher than current intereat rates or the company continues ta do well, the shares could also increase in value (a tax-preferred capital gain). 9 Dividend incarne fundas are mutual funds that invest prirnarily ini preferred shares and dividend- paying common shares. The same dividend tax credit applies, you just get more diversification than buying individual preferred shares. eA systemnatjc withdrawal plan (SW) invests a lump sumn in mutual funds (usually equity funds). You select an amount ta be drawn on a monthly or quarterly basis and the mutual fund will sell off enough shares to make the deposit. This is very tax- effective because the first few years are mostly return cf capital (no tax) and the rest is capital gains (onfly 75 per cent taxable). Although I have clients drawing 10 per cent per year from a SWP, I advise most clients ta draw in the 7.5 ta 8.5 per cent range. That way the capital will continue ta grow gradually ta help offset future inflation. The bottom ânme in that there are alternatives ta the 'interest rate blues." Do your own research or consult an independent financial advisor to find eut what mix of investments is right for you. Derek Dutka is an independent financia planner with Planveat Securities in Oshawa. Inn ushare closing FROM PAGE 1 )avis Inlet. Innushare egan officiai charitable ctivity in April, 1994.. The playschool proeect as scedu ed o eevalua- <Iatrtwo years but was xtended ta test the fun- raangopportunities cf Le Great Innushare aribou Hunt in Durham id Taranto schools, cording ta the press lease fram Brown, whe efered net ta make cern- and deputy muiiity ta have changes i leaâership over a fiveyear period. "I made a cammjîment to move this police service cie- Ser tathe cornmunity and I believe wepve achieveui that... I think it's lime for fresh ideas and fresh ene>rgy. Instituting community- basejolciz helping ta buidt Chi re' aSafety Village in Whitby and the succss of the street crime unit and adopt-a-cop pro- gramn are among the initia-, tzveshesmestproudof.* 'Tm proud of the front- lin, members cf Ibis police servie. They've deait with a lot cf adversity aver the last five years... lhey've deait with it face-on and dene a bell cf a jeb.» Retirement wasn't a "gsudden decisien" but raîher a "target that Irve been pretly well decided UPO lo sme lime, now -" says Jarvest, 55, whosé been deputy chief since June, 1992 and wiIl have sorne 34 years experience here and in England by the time he calls il quils. He aIse stresses the retirment anneuncement bh aslutely nothing to do wth the cut request. "If I wanled ta cep eut il tbixigs that I haven't been wouldn't be in October nexl able ta de.» Year, it would be new» be lThose lhingswl nud says, adding bis annonce- woo<IworIing s Illa incld ment will "perhaps better cari ke equiç me" ta fight the pro- paenter and cabinet- posl. arn e?' and renovating 'The next few weeks bis home, as well as work- aren't going ta be easy but iiig as a consultant, putting if we are foroed tacut baok ta use the expertise bes ta recover that mney, the gained in the construction netyear wilî tie particu- cf the ne urham plice rves ays hes ready toa lt. h ell is polic- retreaferthe long cys îng - rn«a y vwife said and long heurs» cf the past 'you've alw!ays been a poli:j seven years -- «a'ng up ceman'..when I lcok at ni> COUnegwho've, already mejgn, if I can findýitt... 1 Ygh~1.1 isi It'stirn fo me o ~ but on the éther hand, they down tolidoing 5cm, of Îhîe k eshizgîywe l o o k r e & y W I I I Innushare had many spansors, and the board of directors advises that those wishing ta make a final contribution and receive a charitable tax recepit shouid do se by Dec. 31, 1996. Aifunds remaining after bills are paid wili be sent ta Davis Iiet and used for a lare shimentcf cia- thing and other items was recently sent ta, Davis Inlet. reinuare' fie Police q0mol,