business Citizen Friday,October5,1984 - 39 Credit fonder CREDIT FONCIER TRUST Ilf 12 paid annually 1 YEAR 5 YEARS GUARANTEED TERM INVESTMENTS Rales subject lo change without notice Prince George: 300 Victona Street (604) 564-2300 Vancouver 681-5464 • Vernon 542-4377 • White Rock 531-7525 • Victoria 388-6601 Member Canada Deposit Insurance Corporation AL SAVILLE KEVIN BROOKS 5:30 a.m. - 10 a.m. 10 a.m. - 3 p.m. Savings bonds may develop new wrinkle OTTAWA (CP) -That old, dependable savings vehicle, the Canada Savings Bond, may have a different look when the government unveils its annual offering later this month. The bonds, through which millions of Canadians purchase a piece of the government for cash or through payroll deductions each year, pumped $11.58 billion into government coffers in 1983-84 and are expected to yield a similar amount for this fiscal year. But one of their most attractive features — instant liquidity — has been working against the government. Between April 1 and the end of September, Canadians cashed in $4 billion of Canada Savings Bonds, an ominous trend in light of the government’s ISO-billion deficit. Some have transferred their money to investments paying higher interest, while others have used the cash for personal spending or major purchases such as a home or a car. While the government likes to see its citizens spending more on goods and services, the last thing it needs is a drain on already slim resources. So it seems only natural that the financial mutual funds wizards in Ottawa would be looking for ways to stem the flow. “Redemptions this year have been the highest in history,” says James Claydon, a bond specialist with Dominion Securities Pitfield Ltd. in Toronto. “That raises the question — is there any way to slow that down? “There are two ways to slow it down. One, you can smack a penalty on the front end (for early redemptions), or two, maybe you could create a second-year interest rate that holds some of those people in.” Neither option is problem-free, says Claytion. A penalty on early redemptions could alienate the very savers the government hopes to attract and might necessitate a higher than normal first-year rate on the bonds. A higher second-year rate to encourage Canadians to hold on to their bonds also involves a loss of poten- tial revenue, he said. Normally, the bonds carry a first-year rate that’s slightly higher than the rate on nonchequing accounts at banks, but slightly lower than that paid for one-year government treasury bills. The rate for following years is somewhat lower. The details of the new bond issue will probably be announced Oct. 10, with cash sales beginning Oct. 24 and ending Nov. 7, he said. The bond traders are estimating the first-year rate will be between 11 and 12 per cent, but say it may be higher if a redemp-tion penalty is attached. AGF Amer Cdn Cdn Cdn Corp Corp Gwth HiTech Japan nMMF Option Special Pfd Assoc Bolton Cda Income Intematl MnyFd Institute Mem ben Group Gwth Gas Egy Sec Gth Trusteed Invest Inv Stk Equity Pld 10.77 Eqty Income Inv Tremblay Cumul Fnd 11.54 Resourc Bullock Fnd Income Group Taurus Calvin Acrofund Banner CIF CIF Central yCompound yDividend yFund 4000 ylntl Gwth yNat Res Gth yNorthn Eev yRevenue Gth yUnivest CSA Mpnt Gr Goldfund Goldtrust Confed Dolphin value Dynamic ynDyAm ynDyAm ynDyCdn ynDyGrd ynDyn ynProspector Eaton Bay Commwlth Dividend Growth Income Intematnl Mortgage Viking nE-PMny Guaranty ynlnv ynlnv ynMortgage Guardian Enterprise Growtn North Canadn STMny World Investors yBond yDividend yGrowth ylndexed ylntematnl yJapan yMortgage yMutual yProvidt yReal yRetiramnt Jones ynJH ynJH ynLotus Montreal ynEquity ynlncome ynlntematl ynMortgage Principal yBond yCollective %rtlv« Group Cdn US Fd Gld Incom 15.68 7.30 5.90 111 9.73 546 639 8.50 8 OS 1000 433 917 968 5.27 13 52 10.77 15.36 1.00 12 83 497 Gr 1.94 480 6.52 836 11.80 12.81 605 818 618 5.20 366 6.53 4.57 533 7.20 5.13 1079 10.65 yTrans C ySaak Dev Fd Sterlini Group Equity yMortgage Templeton Temp Temp Tri mark Trimark Trimark United nRoyfund nRoyfund Universal American Equity Income Japan Resource nyWaltaine Non-Members nAltamira Fd Beaucanagx nyCan-Anaes Canafex Gr Trust Mutual iligatns yCapital nCapstone Co-op ynCT ynGrowth ynlncome Desjardins yActions yHypotheq ylntematl yObligatns Dixon, Krof D K Trust D K Heritage yDomequity nFstCdn 12.03 Trust Equity Income Group Fnd Amer MAF 11.26 Eqty Group Stk Prop Heward Fund Amer Fund Trust felf y Equity yGrowth yVenture yWorld Prudential Growth Income Ptnm ynReal Resourrs Sari I yCam vlntl ylntl yTrans yTrans Hlth Sci Gwth Can Group Engy Incom A R 674 15.69 4.17 553 .86 Group 842 6.14 1013 361 11.93 10.29 11.54 1.00 Gr 17.24 3.95 10.30 1.40 23.21 6.42 552 1001 5.85 3 86 7.94 8.03 4.67 11.78 20.45 488 7.29 9.30 4.99 14.82 Gr 5.42 5.71 10.56 Gr 25.11 7.15 14.40 993 258 1490 1490 5.56 637 780 600 8 76 483 8.17 10.2.1 10.06 Gwth 7 17 303 437 597 7185 Mtg Fund Gr Amer Div E(,Gwth Income Pens Eqty Mtg Eq vFiscon Harvard Industrial Indust Indust Indust Indust Indust Indust Mack Mack vMaritime Marlborogh yMD Growth MER Group Equity Growth MMF nNatrusco NW Group Canadian Equity yNW Trst Eq Pemberton Group Pac Growth Pac Ret Pac US Gwth PHN Group yBond yCanadian vDiv Incom 12.18 4.93 5.58 488 12.35 4.14 8.55 7.51 Share 13.05 459 7.28 6.72 4.12 6.32 6.17 40.59 6.09 6.32 8.44 9.99 891 7.84 4.94 Gr 18.12 9.46 864 16.07 4.26 15.16 4.20 11.95 13.19 3.47 11.71 1079 681 14.09 524 7.38 13.77 946 7.82 3.93 1.87 1.04 3.74 10.21 8.89 11.78 11.85 11 53 10 00 27.15 6.57 1158 14.77 7.17 5.72 4.31 8.04 14.19 12.07 hind yPooled nyRRSP PMF Manatmnt nPension nXanadu Pret et yAmerican DUNWOODY & COMPANY CHARTERED ACCOUNTANTS ■ TRUST CORPORATION OF CANADA CAREER OPPORTUNITY For quality Real Estate Salespeople looking for a stable environment in which to achieve worthwhile career goals. Fd Revenu yCanadian yFonds VRetraite Syncrovest yTradex Trust ynActions ynOblig ffir General Hypo 315-280 Victoria St. Prince George Telephone 563-0561 2375 Burrard Street Vanderhool Telephone 567-2206 British Columbia OMices Vancouver Kamloops. Salmon Arm Creston. Cranbrook Nelson. Revelstoke ynVal Americ United Group Accumula Internationally Dunwoody Robson McGladrey & Pullen Accumula American Cont Security Venture Venture Western U.S. Dreyfus A Bnd CalTx Dreuf Interm Levge Gt Ret Gwth Funds Group Benefits Program —Health Insurance —Short Term Illness Protection —Errors & Ommissions Insurance —A.D. & D. Insurance —Staff Loan Discount —Group Life Insurance —Long Term Disability Insurance —Staff Mortgages Support Program —Corporate Relocations Program —National Referral System -Non-Competing Manager —National Leaders Club —Strong National Reputation —In-House Listings —Managers Assistance —Performance Standard NY Spl Tax Thrd Fid For Quality New & Used Cars or Trucks or LEASING See IMPERIAL DATSUN t RECREATION LTD. Westwood & Massey Or. 563-0581 DLN 6523 NEXT WEEK ROYAL TRUST PROVIDES — Free Lok boxes, signs, cards, classified ads, promotional materials and mail drops. There are no Franchise Fees! Competitive commission splits and production bonuses. For a confidential discussion, call Warren Neufeld at 563-1205 days or 563-1898 evenings. ROYAL TRUST — CANADA’S LEADING RESIDENTIAL REAL ESTATE BROKER. Royal Trust Corporation Of Canada Since 1899 APPOINTMENT Barry Boehmer ManuLife is pleased to announce the appointment of Mr. Barry Boehmer as a Management Representative in the Prince George Agency. Barry has six years of life insurance experience and invites his present clients and friends to contact him at: /l/lanu^Life Ste. 200-1268-5th Avenue Prince George 563-3661 * October is Country Music Month Country Stereo 101.3 Family STEVE CHRISTENSEN Evenings GENE KERNS Weekends NORTHLAND BANK T-BILL DRIVEN DEPOSIT RATES Northland Bank is now offering Term Deposit Rates 'hat are based on the current Government of Canada Treasury Bill rate. $25,000 Minimum • Interest paid at maturity. • No early redemption. • Rates subject to change without notice. • Annual percentage rates apply. DAYS 60-89 90-119 11.65% 11.75% 11.80% • Special rates on amounts over $100,000. • Ask about our rates on Term Deposits that start at $5,000. • Member C.D.I.C. Call: Northland Bank in Prince George at (604) 562-8885 906 The Permanent Tower, 299 Victoria Street V2L 5B8. RANDY SEABROOK 3 p.m. - 6 p.m. Northland Bank i I