Business

30nds

are

IF YOU want your money to return a better rat? of interest
than it will in your savings account, but still wart access to
that money, you might consider Canada Savings Bonds as

an investment.

immensely popular — today,
holding total in excess of $44
billion — the Canada Savings
Bond has been around since 1946,
when it was known as the Victory
Bond.

Back then, the bonds paid inter-
est at a rate of 2.75 per cent. That
rate was once as high as 19.5 per
cent. Today, unmatured issues of
Canada Savings Bonds guarantee
an interest rate of between 6.5 and
10.5 per cent, depending upon the
year of purchase and _ series
number.

Canada Savings Bonds go on
sale each fall, and each issue guar-
antees a minimum interest rate for
its term. For example, the latest
issue (Series 40), issued Nov. 1,
1985, offers 8.5 per cent interest
during the first year, and a mini-
mum of 6.5 per cent interest in
subsequent years, unti! maturity in
1992,

The term of a Canada Savings
Bond is usually seven years. You
can buy them in denominations of
anywhere from $!00 to $5,000.
They are purchased in an individ-

Smedman

sows

ual’s name, and can not be sold to
someone else.

Some employers allow you to
buy Canada Savings Bonds
through a payroll deduction plan.
You will have to pay interest on
your outstanding balance when
buying bonds this way, but that in-
terest expense can be written off at
‘income tax time.

It is also possible to buy Canada
Savings Bonds by instalments, paid
to a bank. In effect, what you will
be doing is taking out a ‘‘loan’’ at
a lower interest rate, to invest in
something that pays a higher inter-
est rate. The difference in the two
rates is your profit.

While Canada Savings Bonds
usually pay a more attractive rate
of interest than a savings account,
they are almost as flexible. They
can be cashed in for their face
value at any time, and will still pay
interest up to and inciuding the last
complete month for which you
held them, once you have held
them for at least two months.

So if you can get a better rate of
return from a term deposit or
guaranteed investment certificate,
you can switch your money over
with no penalty. (There may be s
penalty, however, when cancelling
an instalment purchase plan.)

If enough investors start taking
their money out of Canad. Savings
Bonds, the federal governn.ent ups
the rate paid by the bonds ty make
them more attractive. Whi.e the
rate may later be adjusted back
down again, it is guaranteed ni-ver
to fall below a set rate.

Currently, two different types of
Canada Savings Bonds are offered.

‘Regular interest’? bonds offer
interest paid annually. Interest is
calculated automatically, and is

then either mailed to you as a che-
guc on Nov. | of each year, or Is

best

deposited directly to yeur account.

“Compound inteest’’ bonds
reinvest the interest you earn each
year, and pay interest on that in-
terest. Interest is paid to you in
ouc tump sum when the bond
matures or is cashed in.

| flyer schedule

Now you can plan your

{ shopping «head, anc.

BX Delivered to selected areas only

If you misa any of these flyers,
call the North Shore Nowa
Circulation Department

cher they bappen

986-1337

Fantastic
Summer

Sell-

Out

00-70% off

EVERY ITEM MUST BE SOLD
Sale starts July 30

All sales final — No layaways

: South Granville
2658 Granville St.
B= (at 10th Ave.)

732-9111

OPEN SUNDAY
12:00-5:00

Park Royal
South Mall

926-4511
OPEN SUNDAY
12:00-5:00

A rel Stated Cat Meeeatnr

19 - Sunday, August 3, 1986 - North Shore News

DID YOU KNOW

That the Not-Yet-Famous Tiley Hats are

The Gilt presented to VIP s at the Ontario

Pavilion’?

That the Virtually Indestructible Titey

Shorls (and the Hats) are worn daily by the

Canadian Challengers for Americas Cup?

That the Shorts and the Hat are acknow-

ledged to be the best of their type in the

world?

Vengo S464 That you ever succeed in wearing them

out well replace them free?

Everything we make 1s mace in Canada
Alex Tilley

Drop in, Phone or Write Mon.-Sat. 10-5
Barbara Tilley
980-2631
1559 Pemberton Ave., N.V.

PREPARE
FOR

Till
Endurables

A CANADIAN DISCOVERY OFFERS
A NEW SOLUTION TO HAIR LOSS

Formula

Marketed under the name of MJS II this HAIR RESTORER LOTION is gaining remarkable support
since tts introduction io the public, The result of over twenty years of research and development,
MJS I! eslablished considerable creditability when it became the only HAIR GROWTH formula in
the world to receive a DIN (drug identification number). Canadian DIN 514489 yas issued wilh the
following claim:

“A treatment for arresting excessive hair loss and for increasing new terminal hait growih on scalps
of men and women with uncomplicated or diffuse hair toss”.

The salety and effectiveness of MJS Il was tested in a six Month supervised study by two Canadian
dermatologists. Results showed a signiticant increase in terminat {i.e. permanent) hait growth on
77% of ihe volunteers. A reduction of excessive hair toss was noted by most volunteers early in
the study. MJS il is now available as a HOME TREATMENT, daily application for four to six months
will show best results. MUS Il is sold only through a network of hair salons. For additional information
and product purr.hase, stop by one of these fine salon locations today.

Available at:
North Sark Kirby's Hair Lynn Valley
Men's Hair Styling Men's Hair Studio
855 Park Royal N. Coach House Hotel 1199 Lynn Valley
922-9612 987-1717 985-7821

The West Coast Beauty Co.
195 W. 2nd Ave., Vancouver B.C. VSY 1B8
873-1668

Snears 91
1444 Lonsdale
980-4530

THE ACCESSORY SHOPPES

i chion
ecessonies

Now’s your chance te make a splash

with big, big savings
a)

OUR MAJOR CLEARANCE
SALE STARTS AUGUST IST, 1986.
BEAT THE RUSH AND GET
THE BEST SELECTION
FEATURING VANCOUVER'S LARGEST SELECTION OF
BELTS INCLUDING A WIDE SELECTION OF BAGS,
SHOES, JEWELLERY, SCARVES, AND MANY OTHER

FASHION ACCESSORIES IN DISTINCTIVE DESIGNS,
WITH AN ACCENT ON COLOUR.

50% OFF ALL OUR REGULAR

Pre AUGUST CLEARANCE SALE
PRICED MERCHANDISE