i mailbox suitable for RRSPs. She ignores the fact that two of the most impor- tant benefits of equity invest- ments are the potential for capital gains, which receive preferential tax treatment and the advantage of the divi- dend tax credit. Both of these (ax concessions are lost to equily investments in an RRSP. Bearing in mind that equity-based mutual funds have no guaranteed market value, they become less and less suttable for retirement funds as the owner becomes older and closer to retrrement and eventual death. RRSPs must be liquidated eventually on retirement or death. There have been times in the past when the only thing to be done with mutual funds in a depressed market was to hold on to them for a_ possible future recovery. To be forced to liquidate mutual funds during bad times could be disastrous. One final point: the fees that are chargd initially are not for professional manage- ment as stated by Helen Davenport. They are charged to cover sales commissions and setting-up costs and this is one of the reasons they are sO aggressively promoted. Some of the best managed tunds in the country are of- to Channel 9 channel affiliate. On behalf of residents of the North Shore, and other affected communities tn Van- couver’s Lower Mainland, |! am writing to register our concern with the foregoing proposal. Channel 10 has served the communities on the North Shore with distinction for many years. They, as well as other local networks, have jong been identified with VHF 10 in the Lower Main- land and on Vancouver Island. The actions proposed by CK VU are highly discrimi- natory and inconvenient for North Shore Television and ts viewers 9 Seattle, a PBS SPCA appals her Dear E-ditor As a resident of North Vancouver, 1 foo am out raged at our SPC A tacthities I van't even bring myself to go there ans mate, the Conds thoms anh whieh Chase parce animals are torced to tive are sooappalling to mie [oat the ot which an abal lower aid owner Ob four cats (hwo wating forte Che North Van SPO A and 1 wish E tad corn bore threue ally and the Chany b fit the rast deyvrading at the shelter is thre lack of litter an the cats sisall capes Phe cats are Forced to gee te the bathrooms va their own beds and they loathe do- ing that Having visited both the North Van and West Van SPC As several times, |} notic ed there seem to be only men running othe North Nan SPC A and only women cunn ing the West Van SPO A ds thas yust a Comadence ofious there a message to be dernisycd here? C ome North Vabeotsctr animal lovers bets think of Some Was ota oinake the animals being quirarters mrore Tivaatele What can we de?’ (Mrs it Deertay North Vancouver draperies by S. Laursen 1 ve Pot agen rn Na cbs Pn nr | phes We cdsnpore hoard Weseeehe en ob. home Service’ tSTIiMATES GLADEY Giaica Alt Dlinds 20% off List Louvtocrtat pracn prestye | EON DO) curtvbinve cls) BO SOchine d (On Peee fivnAaAdb Poacn Vay thre call 987-2966 KCTS Channel 9, provides high quality programming in our province. Forty-five per cent of KCTS’s viewing au- dience is drawn from Southern B.C. and = Van- couver Island, and forty per cent of viewer subscriber revenue 1s drawn from this same area. Obviously, any measures which have the ef- fect of impairing KCTS’s broadcast signal will be detri- mental for B.C. viewing audiences. | would, therefore, ask that the concerns | have rais- ed be taken into considera- tion in your review of CKVU's application to relocate their tower, Chuck Cook, M.-P. North Vancouver-Burnaby $40 - Summer PSetreg oy trated ett beast cata Vili ten oe Co vbsiterd oo bas: rere tet bartweeers diane acd) mary eh aate attire Fated POO vans 738 4169 Vand ouver cm ne cone FSP on Meg {howe fered on a no-load basis and incur no sales commissions. In summary, mutual funds are great if you are young, have discretionary income, and have the knowledge and inclination to choose them carefully and be prepared to switch when necessary. They are noi suitable for older peo- ple approaching retirement, nor are they suitable for peo- ple who know little about equities. The high rates of in- terest available today on guaranteed investments are hard to beat when it comes to building a fund retirement. for Bert Wickham West Vancouver he Way ne Ngan Show room The Downstairs Caller y (004) 926-3525 « . y Special That bee ca cre cise rales) assed SUMP AGT bere ” sence drape, bac raat 17.38 Martine boats _ West Van 926 8555 ; LS also 3507 West 4th Aven.... fi/ “