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North Van candidates acknowl

Dear Editor:

Service to the community we live
in is an honorable desire. For that,
1 would jike to thank retiring
North Vancouver City alderman
Dana Taylor for the years of hard
work and effort he put in. Includ-
ed along with him are incumbents
Elko Kroon, Raiph Hall and Alan
Blair who went down to defeat.

All four, though I’ve disagreed

with them on many occasions,
have many .accomplishments as
aldermen. We in the community of
North Vancouver appreciate those
accomplishments.

I would also like to thank the
candidates that ran and lost this
time, Jim Houston, Bob Davis and
Gordon Cross, all of whom made
the election interesting. They gave
the electorate a diverse cross-sec-

PRINCIPAL GROUP LOSSES

Risk versus return

Dear Editor:

Regarding the recent article
North Van Investors Band
Together to Fight Principal Group
Losses.

Over the past few years. more
than 10 financial institutions have
gone under, resul: ng in substantial
losses to a great . rany. depositors.
It is now essential that people put-
ting money on deposit, for any
length of time, question where
their money is being invested.

A. financial
after all, profit by ‘“‘The Spread”
which ‘generally means the dif-
ference between what it obtains on
reinvested monies over what it
pays out to the depositor.

It should be kept in mind that in

ithe absence of an insured guaran-

tee by the CDIC (Canadian Depos-
it Insurance Corpcration), monies
on deposit are nurmaliy only as
safe as the worth of their underly-
ing asset value at any given time.
For example, many of those who
lost out over pzst years did so
because guarantees made by the
financial institution in question
were based on over-valued real
estate, values that could not be re-

alized When prices slumped. This '

type of financial incompetence,
and one has to assume a certain

level of greed, were prime culprits. ,

institution does,

in many cases.

Given today’s uncertain
economy, people seeking max-
imum guarantees on their monies
should look to those institutions
that offer deposit insurance
coverage (maximum $60,000).

Government-backed securities
such as Canada Savings Bonds and
Treasury Bills are also safe bets,
because of government’s power to
tax. It also has the power to bor-

row and print money, if necessary,

to fulfil guarantees: made to
holders of its securities.

Major life insurance companies
can. also be depended on.
Throughout the Great Depression
not one nickel was lost that was
guaranteed by a life insurance
company.. People often overlook
‘the fact that life insurers offer dai-
ly interest and term deposit type
accounts, paying competitive in-
terest rates with no front or rear
end charges.

As there is always.a trade-off

between risk and return, people ©

who are offered that extra per-
centage point over the competitive
norm should ask ‘‘WHY’’. The
return of money is, after all, as
important as the return on money,
particularly when every cent
counts,

David J. Gowmon

North Vancouver

Down and $19 per
month gets
you started
at GOLD’S

during our Xmas
“Gift of Fitness’
Celebration.

Don't Delay!
Come in today.

This offer ends
on BOXING DAY

Merry Fitness and a
Happy New / You!

tion of political ideas.

My friends, family and election
workers in North Vancouver also
deserve my thanks. Without them,

’ my leaflets, signs and letters would

never have had the positive impact
they did.

Last, but far from least, | thank
the voters who had enough con-
fidence in me to give me their vote.
I care about the people of North

7 - Wednesday, December 9, 1987 - North Shore News

edged

Vancouver and ! promise to listen
to your concerns.

My home phone number is
985-1832. I want to hear from you.
I will make every effort to live up
to your high expectations.

Together, we can make North
Vancouver an even better place to
live for ordinary families, elderly
and of course, our children.

Ald. Bill Bell, North Yan. City

NEED A LAV YER
OR LEGAL INFORMATION?

LAWYER REFERRAL SERVICE: If you think you might have a
legal problem but aren't sure, if you need legal advice but den't
know where to jook, if you need a lawyer but don't know one—
the Lawyer Referral Service can help you. It's simple and
inexpensive: ai interview of up to 30 minutes costs only $10.
Lawyer Referral Service, 687-3221

DIAL-A-LAW: For free geneia tegal information on 125 different

topics, phone toll-free 1-800-972-

«

0256 (in Vancouver 687-4680).

A public service of the B.C. Branch, Canadian Bar
Association, funded by the Law Foundation of 8.C.

CUSTOM DRAPERIES
AND BEDSPREADS

SLIPCOVERS
TRACKS

“IN-HOME SERVICE”

: /
Labour $6.50 per panel unlined, $7.50 Hned

All blinds 40% off hist prices

Phone for FREE estimates

call 987-2966

Serving the North Shore for 16 years.

THE CORPORATION OF THE
DISTRICT OF NORTH VANCOUVER

LYNN CANYON PARK CONCESSION
AND
CATES PARK CONCESSION

TENDERS ARE INVITED by The Corporation of the District of
North Vancouver for the right to operate either or both of the

following:

LOCATION ADDRESS
3690 Park
Road (at

end of
Peters Road)

1. Lynn
Canyon
Park

2. Cates
Park

4131
Dotlarton
Hwy.

FACILITIES AND DUTIES

(a) Operate refreshment
concession. .

(0) Park caretaking duties.

(c) Occupancy of living
quarters in concession
building.

Operate refreshment
concession.

The term for either commences on January 1st, 1988 upon ac-
ceptance of an application by Council, and terminates on.
December 31st, 1988, with a right to renew for a further period °

of four (4) years.

Sealed tenders shail be submitted, using the form provided, by
no later than 11:00 a.m. Monday, the 14th day of December,

1987.

Full details of ihe conditions of the tender and the regulations
and conditions governing the services to be provided by the Con-
cessionaire will be available shortly from the Land Department,
the Municipal Hall, 355 West Queens Road, Norih Vancouver,

B.C., Telephone 987-7131.

The highest or any offer will not necessarily be accepted.

1 SPRING TIMETABLES

4 are available now from the
& Registrar's office. Classes...
will be starting on January.
11,-and in-person’ *}°~:
egistration will take placa
Ja ary. S- B.; o

WRITING: AND PUBLIC

tanding up: an
long speech, but