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â€"Tidâ€"biz Automobile premiums ftace hike A number of factors are forcing insurance companies to raise autoâ€" mobile insurance premiums in Ontario this fall. Said Lawrence J. Rawlinson, Vice President, Casualtyâ€" Property, Travelers Canada, "the size of third party liability claims has been rising at an average rate of 19 per cent a year. The number of potential claimants has risen because of The Family Law Re form Act; interest on court awards is now payable retroactively to the date of the claim, and court awards in general are rising. All of these factors have contributed." Also, auto insurance rate inâ€" creases, since 1982, have failed to keep pace with ordinary inflation. "This happened because competiâ€" A new type of cheque proâ€" cessing machine developed by NCR Waterloo has been seâ€" lected as a finalist in the 1985 Canada Awards for Excelâ€" lence. _ The machine, called the NCR 7770 proof and encode workstation, will compete with five other products in the industrial design category finals. Jury teams representing all regions and business sectors of Canada considered 279 enâ€" tries to select the finalists in each of nine categories. NCR cheque machine selected finalist The winners will be anâ€" nounced Nov. 5 in a ceremony in Montreal. Awards of Exâ€" cellence, Awards of Merit and Honorable Mentions will be presented in each category. Winning companies will reâ€" ceive a medallion, a certifiâ€" cate and the right to use the official symbol in their own advertising and promotion. They will be featured in a special issue of Canada Comâ€" merce Magazine, published by Personal financial planning is crucial â€" I recently read an exerpt from Communique Magazine "People who woark (same don‘t and others don‘t need to} usually spend 2.000 hours a year earning money, 2.920 hours a year sleeping. and the differ ence, 3840 hours. either spending. saving or con suming the rewards of their labor â€" "But T‘ll bet that if you were to ask these same pew ple how many hours a year they spend updating their "Personal Financial Plan" the odds are great that theis answer would be ‘zero‘ or ‘What is a Personal Finan cral Plan? "Many Feuple confuse personal financial plan ning with balancing their chequebook . paying the bills on time, or saving a lit tle for a rainy day But !hmlhmfnar?nnlyr«-nrd keeping 0 mgln_v'a fix_um "Personal financial plan ning is like time. it has a past, a present and future t T a mesond‘ | cediibulbich db cnenne anenene "The past is the records you‘ve kept over the vears It shows your past ex penses, earmings. your life style and a lot about the kind of person you are ‘"The present is the bal ance in your chequebook the equity in your home the money in vyour pension plan. haw much you owe It is, in effect, a reflection of where your past has brought you (Just in case you didn‘t keep records) _ "The future Ah‘ That‘s where personal financial Just a record planning really shows it‘s true worth You can‘t plan for the PAST. you can only learn from what happened You can‘t plan for today be ©wuse it & here now, and you must go to work, and when your day‘s job is done. it‘s now a part of the past The {ature‘ Now that‘s some thing we should all plan for "We need two things to start One, a review of where you are today, finan cially, what you own, what you earn, etc. Number two. what do you want for the fu ture. and when do you want it Got an idea? Have you an idea as to what you want, when you want to retire, or the amount of dollars and pos sesasions you would like to have? Or are those "ideas" dreams only? 5/ YÂ¥ â€" y‘ â€"*"~ 0 > No you have any finan *‘ IT‘S YOUR MONEY \B Paul J. Rockel tion in the industry has been very intense over the past several years and rates were generally deâ€" pressed," added Rawlinson. Rawlinson anticipates the new rates will rise generally across the province by an average of 10 to 15 ner cent over those charged in the Department of Regional Industrial Expansion, which will be distributed across Canâ€" ada and in trade offices abroad. Brisk demand for resale homes Other products selected as finalists in the design section are a briefcase, a telephone,a bus and a chair. The 7770 was designed as a highly efficient workstation capable of processing 75 cheques a minute â€" an imporâ€" tant consideration in the bankâ€" ing industry. (Canadian banks alone process 2.5 billion cheques a year). Demand from purchasers for resale homes continues brisk, deâ€" spite summer traditionally being a slower period for sales, according to Royal LePage. Low operating noise, reâ€" duced hand and arm moveâ€" ments, and a detached proâ€" grammable keyboard comâ€" bine to reduce operator faâ€" tigue and improve productiviâ€" ty. "The anticipated slowdown in mortgage demand just hasn‘t maâ€" terialized," says a Royal LePage residential mortgage spokesman. "In fact, mortgage market activiâ€" ty remains at above average levels." The company has won three previous awards for earlier products, including an Award of Excellence. The 7770 has also been awarded an Honorable Menâ€" tion by the Industrial Design Society of America. cial program, or goals you wish to acheve, or are you like the majority of people who simply dnft along day by day. getting up. doing their job, eating their food. watching television. going to bed. and then repeating that same pattern (E:v next day. Those who do hve like that must lead a very dull and distressing hfe. not having goals and purposes which they would like to achieve True, there are personal goals that are not financial such as giving your child ren and family love and afâ€" fection But, we live in a world which also demands financial goals, because those children may want to go to university, and that costs money We want tore tire, and travel. and that costs money Ian‘t it time for you to start a financial plan _ for vou? For a companson of GIC rates vs two investment funds over the past 15 years. wnite Paul J Rockel 153 Union St E.. Waterloo (Ont N2J 104 Paul J. Rocket is President of Regal Capital Planners Ltd. and the Independent Investâ€" ment Fund Dealers Associaâ€" tion of Canada Advertisement STE. 1001. MARSLAND CENTRE Waterloo, Ontario, N2L 112 RENT REVIEW As of that day, a rent review gquideline of 4% is to apply to most apartment buildings, and rented townhouses,. duplexes, condominiums and individual dwellings such as houses. Other specifics include: * Under rent review, landlords may increase rents up to a specified limit without applying for a review of the proposed new rent. However, if the tenant objects to the proposed increase â€" even if it is below the specified limit â€" he or she may also apply for a review. Until August 1st, 1985, a 6% rent review gquideline covered most private rental accommodation except units occupied after 1975 and certain units renting for $750 a month or more. * Retroactive to August Ist, 1985, a 4% rent review quideline is to ~cover all private rental units including those occupied after 1975 and those renting for more than $750 a month. * Until the legislation is in place landlords can legally collect a 6 per cent increase. However, proqvision will be made for the payment of rebates to tenants of any amount over 4 per cent, unless a higher increase can be justified in a rent review hearing. Accordingly, all landlords are being asked to voluntarily comply with the 4 per cent limit in order to avoid a timeâ€"consuming rebate process. New rent review legislation planned by the Govermment of Ontario means that the responsibilities of landlords and tenants will be changed retroactive to August 1, 1985. For further information on how the new legqislation will affect you, please contact your nearest Residential Tenancy Commission Office, listed in the blue pages of your telephone directory. WATERLOO CHRONICLE, WEDNESDAY, AUGUST 21, 1985 â€" PAGE 11 Professional People Make the Difference FINANCIAL PLANNING SERVICES Ontario ORnvestor) John Fielding SENIOR CONSULTANT Phone 886â€"2360 Ministry of Housing Hon. Alvin Curling, Minister