A CHEQUE for $93, 461 was recently presented to Lions Gate Hospital president Bob Smith by
‘June Rule of the Auxillary to LGH. The donation was the final instaliment in tho Auxiliary’s
‘pledge of $163,461 towards the purchase of a Patient Monitoring System for the new operating

‘suite.

he hopes she’s wrong about

her Jack. of faith in the coun-

‘plans:

ry’s immediate future.
‘a!Three years ago, my husband ©
‘and I — who have no ) pension ;
began worrying about the
increasing government deficits,”
said Francis during a tour to pro-

‘mote her latest book, Underground

Nation (Key Porter, $21.95), which

decries the cheating that goes on in

“Canada’s “generous but misman-'
ged” social benefits system. “So-

i
we began moving almost all our -

"investments into foreign currencies |

and instruments with a non--

, Canadian base, like debt obliga-

tions payable in a foreign currency

:and the stocks of companies: whose
“main business is exporting.

<< She added: “We even mort-.
gaged our revenue property to

“invest in foreign currencies.”

“Francis, the 47-year-old editor
of The Financial Post, said she ™.

‘plans to maintain that position

(which includes a 10% stake in
- gold investments “because I think

inflation is around. the corner’)

until after the Quebec referendum.

She hopes politicians will
respond to fear of a crisis by
removing the abuses in the
Canadian system, reducing both
deficit and debt, and introducing
fairer rules so people will be less
likely to cheat.

“Even if things reach the crisis
stage, I expect the U.S. would pro-

. vide support because our
. economies are so related,” she
‘said, “I don't think we'd have the

same experience New Zealand

did”

Lalso interviewed Gail Vaz-

~ Oxlade, another author, who knew
the risks and thought she was: pre-

.pared to lose her money when she
borrowed all $45,000 to invest in a
commercial property limited part-
nership.

‘“Even though I had the proper
mindset, it was still a shock when
the niarket crashed and I actually

_, lost all my money —- and still had
the $45,000 debt,” said Vaz- ~

Oxlade; whose Answer Book titles,
published by Stoddart, cover retire-
ment, RRSPs and borrowing. “That
was in 1989, when I was 29 with
good earning years ahead. Now
I'm 35 with husband and baby .
daughter, I wouldn’ t make such an
investment again.”

Originally from Jamaica, Vaz-

. Oxlade worked as a legal secretary
(“I was a lousy one”) ™ eventual-

ly moved into writing product
training programs for financial
institutions — work she still does.
She’s also started Financial
Express, a money magazine for
women.

Vaz-Oxlade’s money tips:
¢ Pay. yourself first. If you are

tempted to buy something instead,

compare how long that item would
last with how long the money you'd
save instead would last,

+ Contribute to an RRSP. “When
{ first started, I used the $1,200 tax
1 saved to buy a fur coat,”. Vaz-
Oxlade said. “Now I’m more likely
to invest at least part of the money,
or use it to. start my next year's
RRSP"

« Pay down. the mortgage. “It’s

incredible how much interest you

can save.”
* Do your komework before you
invest. “If you don’t and you lose
money, you'll beat yourself up —
and that isn’t what life's about.”

¢ Use advisers, books and other

resources, But don’t lose control
by allowing others to tell you what
to do.

Mike Grenby is a North Shore-
based columnist and independent
financial adviser who works with |
individuals; he will answer your
questions in this column as space
allows — write to Mike c/o 2444
Haywood Ave.; West Vancouver, ~
V7V IYI. »

CLOSING DATE: DECEMBER 9th (or earlier) -

7S

cM, M, OLIVER

COMPANY Linirten

jtce 1908

For Information Call
PETER CHE 433-4284

(Metrotown branch)’

REGENCY |
AUTO GROUP

50 Years of -
Printing | Success.

Business Card special
— §00 cards 1000 cards |
wo ca Ponly a0"

“Ready in 7 rorking days.
Hurry! Limited time offer. .

GUARD Rate Wath

».. THE RETIREMENT SPECIALISTS
Monthly income on $50,000 investment

AGE Fie] }_ iste. | 10th Yr...

rs alee
65 1449.12 {397.69 426.00

i ' "Hales sujet to change rad notice
cure For your RSP /GIC Rates

| erally or 7.625% | -
a

ARIF Illustration or a
Solguard Financial Ltd. *.
401-100 Park Royal S., West Vancouver °
'” Building better retirament incomes since 1974

10th Yr. Fund Value

$79,657

Our Instabank Card

s Business _

Mark Short, of Addison Insurance Ine. 4 with Account Manager Cathy Battisti - I5th/Lonsdale Branch “

Bank of Montreal now offers Instabank convenience for”
qualified business owners. Instead of rushing to the
bank before we close, you can simply do your banking *
at our Instabank machine. Business deposits can be.
made 24 hours a day, 7 days a week, and you will

receive an accurate balance instantly. You can also trans-

fer money to other accounts. C ash withdrawals for busi-

ness‘are coming soon, too. So, when you're thinking»

vabout convenience during this busy. holiday season, -

think about Bank of Montreal. ot

- Bank of ‘Montreal Means Business

“For more information, contact one of
our H North Shore Branches -
or call InfoService®.665-2700 |