28 — Sunday, June 14, 1992 - North Shore News

BUSI

Investigating rare shellfish grounds

CAN-DIVE Services Ltd. and International Hard Suits
Inc. founder Phil Nuytten is leading an expedition of
underwater researchers and scientists to examine the
habitat of Dentalium Pretiosum, a relatively unknown type

of B.C. shellfish.

The shellfish look much like
small ivory tusks and average one
to three inches in iength.

Equipped with sophisticated
gadgetry, including the pressure-
proof Newtsuit diving suit and the
one-person Sea-Urchin sub, the
team left to investigate the waters
off the west coast of northern
Vancouver Island on June 8.

The venture marks the first time
that people have explored the
traditional deep-water beds of
Dentalium.

Be careful when making a financial deal

“PUT $5,000 on deposit with us
and we'll give you a %% interest
rate reduction on your mortgage.”’

By Garry Bader
Contributing Writer

‘“Buy a car from us and we’il
give you a loan at 8.9%."

Sounds like you're getting a real
deal, right? Not necessarily.

The two examples above are
marketing . gimmicks, designed to
make you think you're saving
money. But these offers aren’t
always as attractive as they appear
on the surface.

Take the interest rate reduction
on a mortgage, for example. In
order to get 'a rate reduction, you
have to put $5,000 on deposit.
Also, if you read the fine print,
' chances are the reduction in inter-
est rate is for a limited time only.

But you.could save considerably
more over the long term if you
used those savings to prepay your
mortgage, rather than keeping the
money in a deposit account.

Another offering that sounds
appealing on the surface is a
“‘split-level’’ mortgage, recently
intreduced at one financial in-
stitution.

This feature allows customers to
split the maturity of their mor-
tgage into a maximum of three
parts. For example, a borrower
with a $160,000 mortgage can put
$30,000 in a six-month open term,
$40,000 into a one-year term and
$30,000 into a five-year term. The
theory behind this is that, with
different} maturity dates, bor-
rowers won't be as vulnerable to
interest rate fluctuations.

However, given that interest
rates are not likely to decline too
much further, you would be better

NOTICE OF PUBLIC PROTEST

HUNGER STRIKE
June 22, 23, and 24, 1992

To protest the continued
destruction of our ancient
rainforest heritage, and

to demand that all logging within
the West Coast Trail Rainforest
Wilderness (the remaining
unlogged portions of the Cullite,
Logan, Walbran, Carmanah,
Klanawa, Darling, Michigan, and
Black River valleys) cease
immediately, with fair setiement
of native claims.

If you would like to participate in

or assist with this protest, or if

you would like more information,

please contact Marek Czuma:
732-5426

PLEASE POST THIS NOTICE

Prior to the arrival of Euro-
peans in North America, natives
harvested the sea creatures and
used them as a form of currency
and personal adornment. Harvest
of the shellfish by the Kwakiutl
and Nootka people ended by the
mid-1800s.

Said Nuytten, ‘‘Although these
beds have not been harvested for
a very long time, the right of
specific groups to specific beds is
undiminished. We recognize and
respect the right of first people to

advised to consider a longer term
mortgage rather than splitting the
maturities between short- and
long-term. When interest rates are
static, there are no cost savings in
choosing short-term maturities.

Furthermore, borrowers are
charged a renewal fee (which
averages $85) for each fixed-term
portion that renews. Also, a cus-
tomer cannot ‘‘switch out”? of the
mortgage to take advantage of,
say, a better rate or better service
at a competing institution unless
all portions are maturing or unless
the customer pays a prepayment
penalty on any non-maturing por-
tion.

Borrowers should carefully con-
sider this loss of flexibility and
additional cost before making a
decision.

A third ‘“tborrower beware’’ has
to do with dealer-financed car
loans. If you’re tempted by car
advertisements offering low per
cent financing, read the fine print
carefully. Before signing on the
dotted line, you should calculate
which is greater, the interest on
your car loan or the rebate you're
passing up to get it.

HIGHEST
QUALITY
MARINE
BAROMETERS,

CLOCKS,
BINCCULA RS,

an
much more!

HARRISON

Scientific instruments
2574 Granville St., Van., BC V6H 3CB
(604) 737-4303

One often hears Canadians com-
plaining about the high amount of
tax they pay, What many in-
dividuals do not realize is that
simply by structuring their In-
vestments carefully, they can pay
far less tax. This guide will provide
you with ideas for saving tax
through your investment program.

Call today to receive your com-
plimentary booklet.

Mark Osachoff

661-7433

ScotiaMcLeod

TRUSTE DINVESTMENT ALWICE SINCL 1921

their traditional areas and go there
to document only after conferring
with band elders.”’

The scientific trip is sponsored
by the National Geographic Socie-
ty, and National Geographic
underwater photographer David
Doubilet is part of the group.

Also participating are members
of the Expiorers Club of New
York, the Marine Technology
Society, the Vancouver Maritime
Museum, and the Underwater Ar-
chaeology Society of B.C.

Following the expedition, Nuyt-
ten is scheduled to receive the
Order of British Columbia in Vic-
toria in recognition of his con-
tributions to undersea technologi-
cal development. ‘ .

Let’s take, as an example, a
dealer who is offering either a
$4,500 rebate or 10.9% financing.

If the car costs $16,500, less a
$1,500 rebate, you will have to
borrow $15,000 ($16,500-$1,500)
to be repaid over 48 months at
15% interest. You monthly pay-
ments will be $417.45. After 48
months, the total cost of the vehi-
cle (principal plus interest) will be
$417.45x48 = $20,037.60.

If you forfeit the rebate and fi-
nance the full amount of the car
($16,500) at the special low rate of
10.9%, to be repaid over 43
months, your monthly payments
will be $425.65. After 48 months,
the total cost of the vehicle (prin-
cipal plus interest) will be:
$425.65x48 = $20,431.20.

By using this formula, you will
see that it makes a substantial dif-
ference to the overall cost when
you opt for a special interest rate

Michael
a ecker

HIGH TECH

instead of, taking the rebate and
negotiating a loan from your
bank.

As these examples underline,
you need to shop as carefully for
your financing as you do for your
home or car.

in) | SS.

| | Canada Trust Realty Inc.
ANNOUNCEMENT

Alison Hendren, Manager, is pleased to
announce that Judith Anderson has again
qualified for membership in the Canada
Trust Realty Leader Club. ;
This is Judith's second year as a Canada
Trust Reality Leader Club member. Judith
i is aiso currently the top salesperson in the
North Vancouver office.
The club was established to recognize and
reward our top salespeopie for their
ouistanding accomplishments. It is largely
due to their efforts that Caneda Trust Realty
has become one of the leading Reai Estate
brokers in Canada. For any of your Real
Estate nzeds, put a proven professional to
work for you. Call Judith at 988-7467 or

General Office
Assistant Program

A new 9 month program for individuals whose
first language is not English. Acquire computer
and other office skills while continuing your
English language studies. The program includes:

© Wordprocessing

© Spreadsheets

* Administrative Procedures

© Business Communications

© Interpersonal Skills

® Directed Work Experience

© English as Second Language Courses

For information telephone 984-4959.

Funding may be available through Canada

CAPILANO
COLLEGE

Employment Centre.

2055 Purcell Way ¢ North Vancouver e B.C.

NORTH SHORE
BUSINESS COLLEGE

OPENING JUNE 15/92
1S OFFERING
THE FOLLOWING DAY

,AND EVENING COURSES}

The North Shore Business College
is a new private businass college §
located near the Lonsdale Quay. it
will be offering courses tc in- §
dividuais and companies in the
following areas: Computers, §

f Business packaged courses, Short- 3

hand, Accounting, Office Pro- §

B cedures, and Office Administratian

as well as seminars in Time
Management, Stress Management,
and Budget Administration, etc. it

j will also be offering 16 week
¥ courses beginning the first week in
| July in Computerized Accounting,

Retail/Merchandising, and Recep-
tion/Secretary.

Cali us for a Brochure!
KEYBOARDING
DATES:

June 15/92, June 29/92,
July 13/92, July 27/92,
Aug 10/92
Time: 7:00-8:15 a.m.

10 sessions
Cost: $120.00
WORDPERFECT 5.1
LEVEL 1
DATES:

June 15/92
(Mon., Wed., Fri.)
9:00-12:00
June 15/92
(Mon. & Wed. evenings)
7:00-10:00 p.m.
July 11/92 (3 Sat.)
9:00-12:00
6 sessions
Cosi: $150.00

INTRO TO BOS
DATES:
dune 20/92, July 4/92
Aug. 8/92
Time: 9:00 a.m.-4:00 p.m.
1 session
Cost: $105.00.

SIMPLY ACCOUNTING
FOR DOS (BEDFORD) .

. DATES:
June 16/92 (ues. & Thurs.)
July 28/92 (Tues, & Thurs.) .

Time: 9:00-12:00

6 sessions
Cost: $150.00

ACCPAC-GL
* DATES:
June 15/92
(Mon., Wed. & Fri. afternoon)
1:00-4:00 p.m. :
July 7/92 (Tues. & Thurs.)
, 9:00-12:00
6 sessions
Cost: $150.00
WORD FOR WINDOWS
LEVEL 1 |
DATES: ,
dune 16/92 (Tues. & Thurs.) .”.
7:00-10:00 p.m. ‘
July 6/92 (Mon., Wed.,’ Fri.)
9:00-12:00 a.m.
July 14/92 (Tues.Thurs.)
4:00-4:00 p.m.
6 sessions
Cost: $150.00

DENTAL COMPUTER COURSE j{
DATES:

July 7/92, 7:00-10:00 p.m,
duly 20/92, 9:00-12:00
6 sessions
Cost: $175.00

ACCOUNTING
DATE:
June 22/92
9:00-12:00 a.m.

9 sessions
Cost: $200.000

OFFICE PROCEDURES
DATE:

June 23/92 (Mon., Wed., Fri.)
9:00-12:00
10 sessions
Cost: $200.00

TEE-LINE NOTETAKING
DATE: .

June 22/92 (Mon., Wed.. Fri.)
1:00-3:30 p.m.
10 sessions
Cost: $200.00
HOW TO CLEAR CLUTTER
& MANAGE YOUR TIME
DATE:
June 20/92
9:00 a.m.-4:00 p.m.
Cost: $250.00
PLEASE CALL EITHER

980-1772 or 980-1277 |

FOR FURTHER INFORMATION