42 - Wednesday, Nov. 11, 1992 — North Shere News NEWS photo Mike Waketleid OVER 319,000 in retail marchandise went to the highest bidder last week as Park Royal Shop- ping Centre hosted the “Building Sucks'’ auction. Receipts of purchases made at Park Royal were converted into building bucks for the event. AWARD WINNER VANCOUVER-BASED Atlas Textile Print Lid. was a recent winner in the 1992 International Achievement Award Competition sponsored by the industrial fabrics industry in Phoenix, Arizona. The company won a first-place award in the Banner and Flags category for its three-dimensional Christmas-season street banners with contour bows to decorate Robson Street. Extending three blocks, the pro- ject involves 102 banners and 25 tows. ‘CANASEAN PROGRAM CAPILANO COLLEGE will host a series of talks on Asian business, culture and social customs during the 1992 CANA- SEAN Manzgger Program from 8:30 a.m. to 11:30 a.m. on Dec. 1 and 2 at the college’s Sportspiex. * The Dec. 1 talks will include: ‘@- Festivals ‘and social values in the -Philippines; ‘ Suri Ratian BUSINESS BRIEFS @ Mystical Tibet: The Unknown China; @ Constitutional Monarchy in Malaysia: Harmony in a multi- racial society; . @ The Role of the Monks, Monarchy and Military in modern day Thailand. - The Dec; 2 talks will include: @ Life and Times in modern Thailand: The influence of tradi- tion and history; @ Cultural heritage and Sichuan, China; @ A glimpse of Indonesia: The asmats of Irjan Jaya and street hawkers of Jakarta. REORGANIZATION APPROVAL THE HONGKONG Bank of Canada has received approval from the Office of the Superin- tendent of Financial Institutions for a reorganization of the bank’s share capital and bank debentures. ‘*The purpose of this reorganization is to improve the capital efficiency of the bank,” said president and chief executive officer William R.P. Dalton. The Hongkong Bank of Canada is a member of the HSBC Group which, with consolidated assets of more than $323 billion and some 3,300 offices worldwide, ranks among the largest banking organizations in the world. ‘Consider right investment product BANKERS OR financial advisers have a difficult time ’ knowing what to recommend when they’re asked, *“what’s ithe best product??’ That’s because a good savings and in- : Vestmnent portfolio has to suit your individual temperament r ‘*financial taste’? as well as the extent of your invest- ment knowledge and experience. :‘ Since there is no one ‘“‘best ‘product’ for all savers and in- -vestors, you first have to consider ‘your investment objectives in the following areas: liquidity; flex- ‘ibility; security; income; growth; “tax comsequences. _ Liquidity: If the ability to ac- ‘cess your funds on very short notice is important to you, a basic savings account may be ap- propriate. However, if you have little foreseeable need for cashing in your investment in the near future, consider a product offer- ing a higher guaranteed rate of in- terest and iower liquidity, such as a Guaranteed Investment Certifi- cate (GIC) or Term Deposit. Flexibility: If you are unsure what your financial situation or needs will be in three or six months or a year, you may wish to avoid ‘‘locking in’’ your funds for pre-set terms. Products which offer a high degree of flexibility include high-yield bank accounts ‘with tiered interest rates, such as “T-Bill’’ savings accounts, along with low-risk mutual funds, such as T-Bill or money market funds. Some mutual funds charge sales, transfer and/or redemption fees. Any such fees should be identified in a fund’s prospectus. Security: If safety of capital is By Garry Bader Contributing Writer important to you, and risk is something you prefer to minimize, investment vehicles such as GICs and Canada Savings Bonds could be the answer. Income: If your main goa! is to maximize your current income, ‘you could consider three- to five-year GiCs or a mutual fund investing in high-quality bonds and debentures. Growth: If long-term capital appreciation is your investment goal and you’re willing to assume a greater degree of risk, the stock _ Ven market has typically outperformed other investments over five- and 10-year periods. funds can be a good alternative for people who don’t have the - time or expertise to analyze par- ticular stocks, but you should en- sure the investment objectives of the fund, as stated in its prospec- tus, match your own. Tax consequences: Some in- vestments allow you to defer in- come tax or incur tax at more fa- vorable rates. Before considering these investments, you should review your anticipated tax posi- tion. You may also wish to obtain the advice of a financial consul- tant or tax planner. Some products are able to satis- fy more than one of these basic investment objectives. For exam- ple, this fall! Royal Bank is laun- ching a redeemable one-year GIC on a time-limited basis. It allows clients to redeem their investment after 30 days with no_ interest penalty. Canon ox COLOR COPIES 8 1/2" X11" Exp. Dec. 31 '92 $4 00 LONSDALE STATIONERY Lonsdale West Postal Outlet 1562 Lonsdale Ave. at 16th 988-6420 Equity mutual . © Bonds 0 Stocks Treasury Bals NC) Guararteed Invesanent Certificates © Canada Savings Bonds : Mutual Funds 4 C3} Mortgage-backed Securities © Preferred Shares ORRSPs O RRIFs D Portfolio Evaluations 2) Financial Planning For more information, please call The North Shore's only full Service investment firm. FREE BOOKLET One often hears Canadians com: pluining about the high amount of lan Ubey pay. What many indiv idtuits do nor reabize is that sauuply by structuanp their invesaments carefully, they ean pay tir less fan. 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