A12 - The Terrace Standard, Wednesday, February 5, 1997 We’re to be polite YOU WON’T find Terrace city councillors storming the provincial legislature to demand a stap to proposed cuts to municipal grants. Instead they'll be conduct- ing their prolest in-a more orderly fashion | through face-to-face meetings with provincial officials. “You know we took a sland against things such as road blocks to prove a point so it would be a bit foolish for us to do the same type of thing,”’ says Terrace mayor Jack Talstra. He made the comments in response to some mayors who, al a -meeling of se municipal - officials two weeks ago, advocated pick- ets and other drastic action, They’re upset at the pros- pect of reduced government grants to their iunicipalities, forcing ei- ther major spending cuts or increased property taxes to make up shortfalls, Talstra said there is a need for a unified front of municipalities to oppose the culs being proposed by the provincial gavernment. He noted that the impact appears to be greater on the jarger southern cities. And = while — southern mayors are insisleat upon the support of their northern counterparts, Talstra nated it has been difficult in the past for northem mayors to con- vince those in the south of the importance of northern issues, were unsuccessful, several ‘*He didn’t want to go, so we left BEARS MAY hibernate away the winter but not moose — at least not this young specimen. He found a new home recently behind an autemotive dealership in town and appeared te enjoy checking out what was available for sale. The moose eventually maved on. Young moose finds home right in town HE MIGHT have been looking for a new car, but finding enough leg room was a bit of a problem. A young moose found his way into town recently and settled down in the empty lot behind McEwan GM. The moose spent wandering around the property, nib- bling at bushes and occasionally checking out vehicles in the car lot. Conservation officers tried ta herd the animal out of the fenced arca, but him alone,”’ says officer Doug Forsdick. ‘‘He wasn’t in any danger and he wasn’t a safety concern,” Forsdick says the moose was quite young; possibly born last spring. The CO’ didn’t want to drug the animal because moose, unlike bears, don’t react well to tranquilizers and the animal may have died. “We thought he would probably leave after he ate all the food back there anyway,’’ Forsdick says. Sure enough, after a couple of days, the moose had left on his own. days Registered Psychologist Memorial Hospital, © Relotionship & Family Therapy © Full Ronge of Individual Psychotherapy ® Training and Seminars » Brief results oriented © Chronic poin & tlness consultations Ask about the couples consultations, 1-800-456-7733 services are offen cover by extended health benelils. Dr. Tom Strong Now Regularly Practicing from Pails "__- standard@kermode.ne The costs for psychological For more informafioa or to book oppointments please call: Registered 635-6741 Marital & Family ) Custudy/Access Issues Q Alcohol & Drug 2 Sexual Abuse G Parenting 0 Bereavement Q Depression () Stress ( Employce Assistance Program DR. PETER MEUSER & ASSOCIATES 15 - 4644 Lazelle, Terrace, 8.6. V8G IS6 | reason NOTICE To all Child Care Providers and those interested in providing child care in their home. March 1 & 2, 1997 in Terrace Northwest Regional Family Child Care Conference ‘97 The Family Place 638-1863 Welcome Back Elizabeth 3 ~6©6Karlene and the staff at Images are pleased te 8 announce that Elizabeth Russell has rejoined their m team. Elizabeth invites everyone to see her for ‘their personai consultation, she is available Tuesday through Saturday. 4652 Lazelle Ave. . | Terrace, B.C. RIE INAT A FREE SEMINAR Thinking of a GiC for your 1997 RRSP? Here’s the hest to think again. Renamer shouldn’t settle for a GIC. “Peter Arcadi Bromh Manoger with Primers Financial Services In Terrace consistently rewarding returns. how to select an individual portfolio that will precisely mee! them. Peter Arcadi is an experienced Branch Monager who has helped hun- dreds of Conadions to build better RRSP returns through asset allocation. Don't miss out, Seating is‘limited. Please RSVP thraugh Primerica } Financial Services at 635-7600 or 1-800-295-7676. “dn The a Coast Inn Of The West Banquet Room Ps$ PFSL i Investments Canada Ltd. Ph: 635-7800 or 1-800-295-7676 A Member of TravelersGroupt Mutual Funds offered through PFSL Investments Conoda (td, Mutual Fund Dealer Invest wisely: Important Information about this mutual fund servics fs contoined [a the fh simplified prospectus, Investors should obtcin a copy from thelr investment adviser and Bread i} careluily bofore Investing, Unlike GICs, mutual fund investments are not quor- A onteed ond unit voluss ond investment retuins will fluctuate, di Lat eee SET ct II the objective of your RRSP investing ; is superior returns with reduced risk, § there are many reasons why you ¢ By attending our free seminar, you'll feara how we con help yau to apply the § latest “efficient frontier” asset allocation jj techniques to your RRSP - and build more § | You'll also scientifically establish your f real needs for growth and income ond risk loleronces...and find out | Healthy Communities ASSOCIATION CANADIENNE Gu plage CANADIAN DIABETES ASSOCIATION Criminal Defence Lawyer Brian Christopher Fell: wifi Ci Terrace The First 50 Women Receive A Rose! Dinner will be served in the newly renovated elegant a énter-ou Make Your Valentines Reservations Today, Call 635-0083 _ 4553 Greig Ave., Terrace, B.C., Inn TERRACE INN Compounding Your Tax Refund for a Richer Future You've probably heard someone tell you to make your money work for you. There’s a way cf doing just thot ond it’s called compounding. Tho short-term benefits of com- pourtding ore admitiedty limited. The fong-lerm benefits, however, can he dramatic. If you invested $100 on the finst . business doy of each month for 10 years of a 10 per cenl role of return compounded monthly, you would uccumulote $20,655, including your principal of $12,000. If you invested ihe same amount ol o 15 percent rele of relurn, the total investment would be worlh $27,866, a dif- ference of $7,211. But imagine investing that $100 over longer patiod. After 20 years, your principal investment of $24,000, eorning 10 percent com- pounded monthly, would be worth $76,570. Your $100 0 month invest- ed over 30 years would eon $227,933, a substantial increase. Extend that ever 40 years and your money would graw to $637,687. Combine a higher role of return with your investment ond the efferts of compounding ore markedly great- ar. For example, if you have earned a staggering $3.1 million. Those five additional percentage points mean a differance af $2.5 million! Compounding is money mulliply- ing Itself, Investers earn income on ihait income eorned. Incoma poy- ments grow each year because tha amount upon which the payments ore bused grows each year leo. Perhaps the best way to under- stond its offects is by looking at twe individuals who hove similar invest- ments of $1000 each, both earning 10 per cent eoch year. The attitudes towards saving are very differint however, Tha first parson is a spender while the second is on investor The spender spends a growth each year and continues to receive the “some S100 yeur olter year. After 10 years; Ihe spender has anty tha arlgi- nal $1000 having spent the $1000 of earned income. The investor reinvests the easned income ench year, So in the second year, the investor earns 10 per cent an the $1100, Because tha volue of ihe investment is constantly increas- ing, incame is earned on the income af previous years, Finondal Services In Terrace That's called compounding. After 10 years, the investor has $2593.74 ~ clmost three fimas os much as the spender. It's o poinless woy to invest and have your investment grow al tha same time. A handy too! for measuring the growth of your investment is tha *tula of 72.” Simply divide the number 72 by the annual rate of retura your investment will earn and the result will tell you how many years it will teke for your investment to double, For example, if you invested $1000 ol 10 per cent, your invest- ment will double in 7.2 years (72/10=7.2). Invest the some These examples illustrate thal the two most important factors when making an investment decision are fime and rote of retura. The longer you allow your investment 1o grow and the greoter the rate of return, the larger the fulure value of your investment will be, You've seen the dramatic difference between a 10- year ond 20-year Investment and what con hopper when the rate of ralurn is appreciably higher within the some period. Remember to have patience, to allow your money 10 work for you. The cumulative effect of compound- ing can work wonders for your investment and your peuce of mind. If you're saving for retirement, your children’s education or perhaps a dream vocation, choose an invest- ment that will work hardest for you ond give them time to grow. The longer you delay, the harder your money will hava to werk for you. Why not get a jump start on your investment plan by putting your tox refund io work. Investing your refund now gives your money almost a full year to grow. Your unit valua ond invesiment return will fluctuate. Important infor- motion cboul any mutual fund is con- tained in ils simplitied prospects. Read your prespettus carefully before investing. , You can obtain one from: Peter Arcodi, PFSL Investments Canoda Ltd. amount at 15 per cent and it will Phone: 635-7800 or double in 4.8 yoors (72/15=4.8), 1-600-295-7676. Spender Investor Year Invasiment Value = Income Yeor Invesiment Value Income {Stort Of Year) Spent 151,000.00 $100.00 1 $1,000.00 $140.00 12 51,000.00 «$100.00. | a $1,000.00 _— $00.00 j; 3 $1,210.00 __$121,00 B $1,000.00 §100,00 B $1948.72 $194.87 9 $1,000.00 $100.00 9 $2,143.59 $214.36 10 $1,000,00 $100,00 10 $2,357.95 $235.79 Storting Valu $1,000.00 |] Starling Value $1,000.00 Total lacoma Earned . Total Income Earned & Spent: $1,000.00 & Reinvested $1,593.74 Value of Investment Value of Investment After 10 years $1,000.00 || After 10 years $2,593.74