B4 - Sunday, November 6, 1983 - North Shore News

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By McLEOD YOUNG

WEIR LIMITED

TO ACQUIRE and build a
holding of securities (a port-

folio) requires a thorough
analysis of your:
(a) personal financial

situation — income, age, tax
bracket, financial
obligations,

(b) investment objectives
— security of principal,
capital appreciation, income,

(c) ability and willingness
to assume risk — every in-
vestment inherently has some
type of risk (interest rate,
market).

Keep in mind when choos-
ing any security or group of
securities that the return
(capital appreciation plus
dividends) on the investment
must adequately compensate
you for the risk incurred; and
alternately, do not expect
high returns without cor-

respondingly high risk.
Remember, too, that general-
ly the Canadian tax system
penalizes the smaller investor
who does not manage his
portfolio properly. Take ad-
vantage of: tax shelters, such
as Registered Retirement
Savings Plans (RRSPs); the
ability to earn $1,000 of
dividends, capita! gains and
interest tax-free, the dividend
tax credit and the fact that
only 50% of capital gains are
taxable.

A large amount of money
is not required to begin the
process of building an invest-
ment portfolio. Have a good
idea of your objectives and
then seek out a competent,
experiened professional to
help you. The cost of such
advice is small (it is tax
deductible) when compared
to the amount you will be in-
vesting. Make sure your ad-
visor understands your needs
and then you are ready to
Start.

More spring flights
to Hong Kong

CATHAY PACIFIC Aijr-
ways has received approval
from the governments of
Canada and Hong Kong to
introduce a third weekly non-
stop flight between Hong
Kong and Vancouver for the
summer period in 1984, from
April | to October 31. This
will be in addition to the cur-
rent Thursday and Sunday

flights.
Richard Tann, Cathay
Pacific’s vice president,

Canada and the Americas,
explained that ‘‘the volume
of traffic during the summer
period from April to October
this year has been sufficient
to justify a third frequency
next year. The increase in
total traffic on the route is
due in part to more people
using Vancouver as a gatc-

Voters in the

or no

“Do you favour

City Hall
141 West 14th Street
North Vancouver 1 ¢

November 2 1983

CITY OF NORTH VANCOUVER
Re: By-law No. 5509

Greater Vancouver Water
District Membership

Referendum

City of
November 19 1983 will be asked to answer ‘yes
by marking their
position, on the ballot, to the following question

the City of
Vancouver becoming a member of the
Greater Vancouver Water District?’

This question does not deal with the City’s
future purchase of water, the decision to buy
water trom the GVWD having already been
made by the City Council

The question requests the authority of the elec tors
to have City of North Vancouver representation on
the board of the organization which by agreement
now supphes the City with water

way Since the introduction of
Cathay Pacific’s non-stop
service to Hong Kong, and
our generation of traffic
from Asia.’”’

While business travel and
family visits still account for
the majority of the airline’s
traffic, increased emphasis is
also being placed on develop-
ing the tourism market bet-
ween Southeast Asia and
Canada.

The airline has also intro.
duced attractively priced
Discovery Tours programs
for the Canadian markct,
which include airfare, hotel,
and sightsecing. Tann com.
mented that ‘‘we see this as
further support for the third
weekly service.’’

Contact person
Carleton 689-2002.

Glen

North Vancouver. on

xX in the appropnate

North

t{ A Raymond
Caty (tek

Real estate reports business
as usual during the strike

THE STRIKE by the B.C.
Government Employees
Union has brought land
registry office business to a
virtual stand-still but that
doesn’t mean real estate in-
dustry ts being badly
affected.

Frank Stanhope, manager
of Sussex Realty, says it’s
business as usual for real
estate sellers and buyers, for
now at any rate.

her ape!

Lonedale Breansh
DRUM) L avevanbante X
We 440)

‘“*The situation will only
become serious if this ends up
being a long strike,’’
Stanhope told The News this
week.

The land registry office
plays a vital role in real estate
transaction. Searches of titles
to ensure there are no lens
against the properties,
registration of liens and com-
pletion of sales by registering
legal ownership are among

Show it with your
Golden Service 55 card.

It’s free and easy.

This is the pnme of your life, a time to
enjoy the povileges you've earned And
the Golden Service 95 card makes tt easy

Unhke the seniors plans of most banks,
our service package is yours automatically
atage 55 No applying, no waiting, no
charge And with a joint account, your

spouse is also clipible regardless of his or

wy BI

At 55
youve arrived.

Ostler Branch
1) Caadblaartare: b Ow y

services affected.

‘Usually it takes one or
two months to complete a
sale,’’ Stanhope explains. If
the strike goes beyond that
length of time, he suggests,
many sellers and buyers will
find themselves having to ex-
tend sale provisions.

A lot of people may go
ahead and complete a sales
agreement and leave the

More for you and your money.
The Golden Service 55 card 1s your
personal pass to a host of special
discounts, preferred rates and no-cost

services including

@ Unimited no-charge chequing
© No service charges on money orders or

utihty payments

@ $5 discount on safety deposit rentals
@ Interest bonus of 4% on Cheque A

Month term deposits

And that’s yusta start: bor full details, pick
up a Golden Service 95 brochure

North Shore Community
Credit Union

Martone Drive Branch
HIM Martie ([0e
te LLI6

North 1247 Rams Ka

AD .0550

Lynn Valley Branch

registry business to be com-
pleted later, Stanhope
suggested.

‘*There has been no real
estate slow down,’’ Stanhope
added. ‘‘If there is one, it
won’t happen until after the
strike has been in effect for a
while.”

What that means is that
those looking to purchase a
new home — or hopeful of
selling one — can go ahead.

Village Branch
und tdgemont wad
ONS 4271