FOR DONNA Renwick, the
letters ‘‘CSB”’ stand for a

Mt. Baker getaway.

Renwick, 44, works as a payroll
clerk for Versatile Pacific Ship-
yards and describes herself as ‘‘one
of those people who spend more
than they have got."’

The solution for Renwick? Sign
up for the Canada Savings Bonds
payroll savings plan at work.

ERIE ee
dollars and

by Mike Grenby

respite Te Decyse

For the past 20 years (she’s been
with Versatile 25 years) the Lynn
Valley resident has been saving be-
tween $1,000 and $2,000 a year on
the CSB payroll plan.

“The money used to go for
things like furniture but more
recently, I’ve been paying for the
expenses of my mobile home at
Baker and extra frills like a winter
holiday,’’ she said.

“It’s the only way, the best way
to put aside something extra. I de-
pend on those bonds.””

This isn’t an ad to buy CSBs.
Yeu can already see plenty of
promotion as the annual bond-
buying season rolls around again
(CSBs go on sale Monday week).

In fact, I will outline reasons

NEWS photo Mike Wakeflaid

SAVINGS BONDS are one good way to develop a cash reserve. Versatile
Pacific general paymaster Hugh Moonen helps Versatile employee Donna
Renwick fill out 3 payroll deduction form for Canada Savings Bonds.

Savings bonds
can aid budget

why you should not buy bonds and
suggest better alternatives. But
let’s deal with the advantages first.

After all, CSBs are still one of
Canadians’ favorite savings
choices. And buying the bonds on
the payrol} plan, with the money
automatically deducted each pay-
day, is one of the main advan-
tages.

Versatile Pacific even helps out
employees who can’t make their
monthly CSB payroll payments.

“Because of the nature of our
business, if a person is laid off,
rather than say they have to cancel
the bond, we'll carry the employee
for three to four weeks or even
longer if we know the individual
has seniority and will be coming
back,’ said Hugh Moonen, 53, the
company’s general paymaster.

So the CSB payroll plan is an
excellent forced savings approach.
(Another way: have money
automatically transferred every
payday or month into a special ac-
count requiring, for example, two
signatures to discourage easy
withdrawals.)

The bonds offer flexibility, li-

quidity and safety, too. But you .

pay a price for these features.

As their name implies, CSBs are
a savings instrument. After infla-
tion and income tax, you'll be
lucky to maintain the purchasing
power of your money - although a
lower personal inflation rate helps,
as does sheltering CSB interest in a
registered retirement savings plan.

What alternatives should you
consider?

* For the same safety, you could
earn at least a full percentage point
more interest with a one-year
Treasury bill. Shop around among
stockbrokers for the best rate on
small deposits and check the banks
as well for larger amounts.

* For a higher guaranteed risk-
free return, consider something as
sunple as paying off noi -deducti-
ble debt. Getting rid of outstan-

Sae Bonds
Page 39

37 ~ Wednesday, October 14, 1987 - North Shore News

CAPILANO COLLEGE

Upgrade comp

CAPILANO College Exten-
sion Programs and Services
offers an open door to
North Shore businesses and

individual computer users
for staff training and per-
sonal computer literacy
upgrading.

Ongoing courses and workshops
include learning how to work cre-
atively with PC-Outline, PC-Write
and PC-File; desktop publishing;
managing your hard disk; database
applications; spreadsheets; Disk
Operating System; the basics of
micro-computers.

Participants are assured one
terminal per student and can tap
into free software ‘‘shareware”’
programs available for copying.

For a specific schedule or regis-
tration information call 984-4901.

uter literacy

business
briefcase

by Michael Becker

For information on customized
courses call] 984-4908.
zeae tk tk

THE FIRST issue of the Van-

couver-based Cosmic Data-Bank

newsletter provides some unusual

astrological counsel as it pertains
to the corporate realm.

Astrologer and stock market

~ Questions about Government of Canada Programs and Services.

Reference Canada helps
Canadians find out what
they need to know
about the Government
of Canada’s programs

Ospartment of
Supply & Services.

ive

and services.

Your local Reference
Canada branch will direct
you to the appropriate
government office that

Ministere des
Approvisionnements et Services.

analyst Carol S. Adull recently
researched the corporite world ina
book called Standar? & Poor’s
500.

The stars tell her that most suc-
cessful companies are incorporated
in the morning between 10 and

Sea B.C.
Page 38

can best answer your
questions. Alll inquiries
can be answered in
English and French, from
8:30 a.m. to 4:30 p.m.,
Monday to Friday.

@ In British Columbia call:
Vancouver (604) 666-5555
Toll-free 1-800-663- 138]

Zenith 08918 (Atlin)

® In Yukon Territory call:
YUKON INQUIRY CENTRE
Whitehorse (403) 667-58 1 I
Toll-free 1-667-5955

Rete ahs ert ote bon with the
Broen.-te

Canada