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Oh. Canada Copywrite C 1991 by Garry W. Beckman While pondering several ideas for a timely investment topic for this column, I asked my wife what she thought might fill the bill. Quick off the mark;» "Canada Savings Bonds", was the reply! Ah. Yes. Federal savings certificates. what is not known about CSBS? At the time of writing, it has been announced that CSBs will go on sale 17 October for the 1991/1992 campaign. One can only surmise what the rate will be for the year ahead. However, based on a declining interest rate scenario to year's and coupled with one-year term GICs currently offering 8.5% or less per annum; let's guess that the offered CSB yield could be, say, 8.5%. Prior to publication, the CSB rate was set at 7.5% for the next year. The annual CSB yield guessing game could be turned into a national sporting contest. Think of it. Teams of the country's top economists putting up their best guesses. office competitions. Maybe a national lotto. The CSB lotto dates could be shifted to fill in dull and boring time slots in the national psyche such as: post Grey Cup to Christmas; the winter blahs before March break; or, when Parliament is/is not in session. Obviously, a national consensus such as a poll would be required to determine the latter! What would be the prize? How about the ultimate CSB: a special lotto series with taxation and inflation compensator coupons attached. Nevertheless, the venerable CSB,~ in my View, retains an important, albeit declining, role in the portfolios of contemporary investors. Whatever the yield, its best application is as a savingsâ€"related vehicle. As practical applications, CSBs are worthwhile for parking cash for children's accounts and as an emergency family cash reserve. CSBS usually offer competitive rates and are of top quality. They are conveniently available. For’ instance, you merely have to pick up the phone and place the order with your Financial Advisor. It is important to note that interest is not payable if CSBs are cashed in prior to a 90â€"day holding period. For many investors, the limitations and restrictions of CSBS outweigh the positive features. The individual financial needs in today's investment environment are demanding. Don't forget to visit your safety deposit box to fetch the maturing Series 39 which were issued in 1984. That reminds of a client who was impeccable in neatness and organization; so much so that while doing a thorough housecleaning NOVEMBER I99! NORTH LEEDS LANTERN I? discovered a $5,000 CSB federal . . savings certificate safely tuéked certificates, enquire under the kitchen Slnk! of your Financial Advisor Needless to say, the about suitable certificates were placed alternatives. You have . . , . 1n the client S investment learned Of many Of them account for safety, right here. accounting of ease of Garry Beckman, B.A. is rouover‘ , a Financial Advisor with while CSBs retain. .some Midland Walwyn Capital of their traditional Inc. features as essentially MUELLER MACHINERY LTD. MACHINING & WELDING RR 1 ATHENS, ONTARIO KOE lBO - (613) 924-9711 Quick Service in Machining and Welding Presswork Hydraulic Cylinders made and r-epaired Machinery and Parts built to Specifications ROTARY CLUB OF GANANOQUE GANANOQUE-â€"ONTAmO Presents Saturday, November 30 10-3 pm Rideau District High School Elgin, Ont. Admission $1, Children under ?12 free (Proceeds to Gananoque Rotary Club and K.G.H.)