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18 NORTH lEEDS LANTER- RIDEAU VALLEY FIELD NATURALISTS At a recent general meeting of the Rideau Valley Field Naturalists, Mr. Michael Cadman, of the Federation of Ontario Naturalists, outlined the purpose and scope of the Ontario Rare Breeding Bird Program. Sponsoring bodies of this threeâ€"year volunteerâ€"based program are the Ontario Federation of Naturalists, the Long Point Bird Observatory, the Nature Conservancy of Canada, and the Ontario Field Ornithologists. Support has been received from the Ontario Ministry of Natural Resources and the Canadian wildlife Service. The purpose of the ORBBP has been to gather and compile information on the and nesting activity of fifty-eight species of birds considered to be endangered, threatened or the Province of Ontario. To accomplish this rather daunting task, the Province divided into fortyâ€" regions. where geographically possible, was bounded lines and also breeding rare within was five each region by county monitoring Naturalists‘ operating designated assigned to clubs the The region known as Lanarkâ€" South/Leedscrenville is the monitoring has been carried out by volunteers the RVFN Club. Each region divided into 10km squares with monitoring responsibility aSSigned volunteer for each within areas. area in which from was to a square. Precise reporting procedures make it possible to accurately locate a nesting site within a 100 x lOOm square. Species included in the ORBBP were derived from data contained in the Ontario Breeding Bird Atlas and a list designated as rare, threatened or endangered by the Ontario Ministry of Natural Resources. Twentyâ€"five were selected as "survey" species for which an updated provincial status report is needed. The ORBBP began in April 1989 and will continue through 1991 with planned publication of results in 1992. Data via the monitoring program will be used to: â€" update status on listed species; â€" determine which species need protection; â€" produce recovery plans for those in need; â€" protect sites used by rare species; « provide' environmental impact assessments; â€" provide database of site location for scientific use. Although the ORBBP was designed on the premise that rare species can best be protected if their nesting sites are known, collected' APRl I991 sites of rare species each year or endangered are unknowingly destroyed and will continue to be unless steps are taken to protect their locations. Every caution must be taken to ensure that revealing the location of rare species is in no way detrimental to their survival. Very often the actions of overly enthusiastic photographers and birders may be enough to disturb birds at nesting time. Our next regular meeting will be held on Sunday, April 7, at Perth Public Library. Dr. Francis Cook, Curator of Herpetology, Museum of Natural Science, will speak on amphibians and reptiles. An outing in search of Ducks along the Rideau will be held on Sunday, April 14. All vantage points from Westport to Merrickville will be sampled for early waterfowl arrivals. The annual Spring Bird Count will take place Stripped bonds are unique, guaranteed financial instruments that offer a compounding feature. Stripped bonds and their coupons have been offered to Canadian investors for many years. They are increasingly popular for Retirement Savings Plan and Retirement Income Fund applications. The following, brochure of Dealer, well: from describes "Stripped and Stripped Bonds are the parts of a normal Investment Dealers large blocks of bonds, of Canada's Bonds, components to clients.“ It continues: bearer bond, once stripped, of the 40 bearer coupons six for coupons. months, offering the wide range of to choose from." Each stripped coupon sold separately. It purchased at a from its face value will, therefore, at a specific the future at value. As such, a today's reflects client date its discount the time level of interest at the time of purchase. Let's look at a of recent examples. STRIPS AT the an Investment them Coupons Residual physical bond. buy bearer usually government or Provincial and then sell these their "A 20â€"year example, will consist residual bond and These will mature every thereby maturities is is discount and mature face purchase at price to maturity and the prevailing rates couple First, an Ontario Hydro stripped bond maturing 27 November Friday and Saturday, May 10 and 11. Our outings and meeting are open to everyone. Information on the above activities may be obtained by calling John 273â€"3105, Strom 267â€"6498, or Nora 283â€"1173. George Carlyle TOM ACCOUNTING, TAXES: BOOKKEEPIMG, TAXESl Today as many as 65% of children with acute leukemia are alive and well l0 years after diagnosis. Great strides have been made, but the battle that remains to be fought will challenge the most resistant forms of this disease. Only research can arm the fight. and research dollars are donated dollars. 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The brochure of an Investment Dealer nicely sums up strips: “Strips are an excellent choice for investors who want to eliminate income reinvestment by choosing compounding capital growth over a specified time period -â€"â€" and who do not need annual income." In my opinion, strips are an excellent choice for RRSPs and RRIFs. They currently offer higher rates of return of compounding as opposed because to simple interest. They require only a modest cash commitment. They are safe, predictable and flexible. An investor can plan for an income stream of varying maturity dates for retirement planning. Furthermore, stripped bonds have their best utility as financial products inside an RRSP or an RRIF because- the compounding income derived is treated as interest income by Revenue Canada. As mentioned, they -do have merit outside the RRSP as guaranteed, lumpâ€" sum annual cash flows for an investor. Alternatively, they could be purchased as a longâ€" term investment for a young child. Interestingly, fund recently unveiled a new strip bond fund. The fund allows investors to participate in Canadian government guaranteed securities. The initial investment is only $1,000! Stripped bonds have been available to Canadians for about a decade. While interest rates are at doubleâ€"digit yields, stripped bonds and their coupons make a lot of sense. If you want to hear more details, get in touch with your Financial Advisor. Garry Beckman, B.A. Garry Beckman is a Financial Adviser with Midland Walwyn Capital Inc., Ottawa branch, at 237,5775 or toll-free at l+800+267-9345. one mutual