22 - Sunday, August 31, 1986 - North Shore News

Business

LOANS, SECURITIES FINANCED
Savings su

WHEN YOU deposit your money in a savings account, you
are playing an important role in the Canadian economy.

The average Canadian is more
of a saver than a borrower, In-
dividuals are the primary suppliers
of financial resources to other sec-
tors of the economy and, in fact,
have consistently had an excess of
savings over borrowings.

This surplus is channeted
through the financial system to the
economy's net users of funds,
business and government.

FINANCE LOANS

Money deposited in the
chartered banks is used to finance
loans, including mortgages, per-
sonal and commercial loans, and
to purchase a variety of securities.

Since early in the last century,
deposits have been the major form
of savings, and the chartered
banks have been the main reci-
pients of those deposits.

Other deposit-taking institutions
such aS trust companies, credit
unions, caisses populaires and
government savings banks emerged
later,

When the ceiling on bank loan
interest rates was lifted in 1967, the
banks were able to raise interest
tates paid to depositors. Thus, the
popularity of deposits as a vehicle
for persunal savings increased and
there has been intense competition
for deposit funds.

BANK REVISIONS

Until the Bank Act revision of
1967, 90 per cent of banks’ per-
sonal deposits were in chequing-
savings accounts paying three per
cent interest on the minimum
semi-annual balance.

Then, the non-chequing savings
account was introduced in May,
1967, paying a fluctuating rate of
interest on a minimum monthly
balance.

Another innovation was the per-
sonal chequing account. Con-
sumers soon adopted the two-
account concept, astutely keeping
their chequing balances to the min-

_ Transfer Program.

-® programming :

languages Pascal,.
C, APL, FORTRAN:

© numerice! B
methods

® simulation and

modelling.

. computer graphics :

imum necessary for cheque trans-
actions while maintaining “the

balance of their funds in interest-
.

bearing accounts,

Increased
of savings and investment options
prompted other changes. As Ca-
nadians demanded more flexibility

consumer awareness

ply the economy

and convenienee, variable rates
and other refmements were in-
troduced in the 1970s. Lnnovations
in computer technology made
possible the introduction of daily
interest savings accounts.

Now, daily interest chequing-
savings accounts are available
which bundle together many of the
innovative features introduced in
recent years,

IT’S CHILD

PLAY

Childhood is the most
important time to learn

music.

Great teachers, a stimulating

curriculum and group learning —

that’s what makes our courses so

successful,

« Pjiano/Organ

* Junior Music Course for
beginning 4 and 5-year-olds,

Register Now
for Fall Classes

OPEN HOUSE

August 22-22 3:30-7:30
August 23 9:30-4:00
August 28-29 3:30-7:30
August 30 9:30-4:00
September 4-§ — - 3:30-7:30
Seplember 6 9:30-4:00

Reserve a FREE lesson for
August 23, 30 or
September 6

Coffee & Refreshments will
be served

ee ee ee ee |

YAMAHA

Telephone:

MUSIC SCHOOL
#204 - 133 East 14th St.
985-5733 or 732-7648

North Vancouver

Ze NORBURN
Bi L IGHT! ING

WHOLESALE & RETAIL—FREE CATALOGUES AVAILABLE

The result is an array of deposit
choices designed to encourage cus-
tomers to place their surplus funds

oil the wheels of

econonis

BRITISH COLUMBIA
INSTITUTE OF
TECHNOLOGY

aac sees —_—-

OPEN EDUCATION
ACCESS CENTRE

COMPUTER COURSES
Featuring the “Best of All Worlds!"

Learnat your own pace and select a time that meets your needs.
A unique approach to fearning the computer and applications
courseware featuring

© Individual fully equipped computer stations

® Personal program assistance as required

® Teaching tutorials to guide you through the programs

© Orientation lectures and completion iectures

* Self scheduled individual practise sessions

® A software library to review and actually try programs

The following course is designed for the person who has had -
very little or no experience with computers

ADMN 943 - BOS (Basic Operating Skills)

This course introduces basic computer concepts by utilizing
the most widely used Computer programs

¢ Spreadsheets - LOTUS 123

¢ Word Processing - PFS Write

¢ Operating Systems - MS/DOS

Orientation Lectures begin every Saturday from 0830 - 1330.
Center Hours are Monday to Thursday 1200 - 2000. Friday
and Saturday, 1200 to 1600.

Fee: $90.00

PREREGISTER TO ENSURE A SEAT!

Calt Vivienne of Becky 40984-4675 during the Contre hours of d3d. 1670 during the
mommnygs Phe Onen Equcation Access Centre is iocated at ta Chanaick Court
2nd Floor Noh Vancouver meet to the Sea Bus teresa

flyer schedule

Now you can plan your
shopping ahead, und

suve more in the seek inthe Sort
° s rtllioaded wath
sak Caan be
the values ate.
ashen they Nappert

If you mies any of these flyers.
call the North Shore News
Clreulation Gepartment

986-1337

with financial institutions — and
the Canadian