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FOR THE RIGHT

RRSP.

‘CHOOSE THE RIGHT '
REPRESENTATIVE

> % One who knows which
: plan. is best for the
average working person.

* One who. knows. the
challenge of fiving in
the north -

% One who knows which 1.
F.R.S.P. is tailor-made :
for you. -f

Call

| C. G. ‘‘Bud’’ Hallock
ves 635-4273

Representative for -

GREAT PACIFIC
MANAGEMENT CO. LTD.

xk *

Positive Financial Planning Ee

~.. For A Positive Future

: wo ye, _ benelits inerease by 30 .per indexed, whenever, you start. But having made that intual , or.not?. For obvious reasons. 2
; . ead Se ee cent, But thatstall: Wailingaiiy bat june Suddenly incredise declaration, the limitation “is 41's really all guesswork. eo
rd er Se ne 7 oo "Make your decisions on the ¥.

THEY MAY BE GOLDEN ©

Check those old stock certificates _

By ISOBEL WARREN

Millions, maybe billions. of
dollars. worth of elderly stock
certificates are wailing to be
re-discovered, So

Old mining and oi] stocks once
deemed worthless, penny
stocks [rom the Dirly '30s, left-
overs from bankruptcies, mergers
and company name changes —
all are potential money-makers
for hoarders or collectors who
held onto their certificates,

That's the word fram Miche-
line Masse, a Montreal native
whose company, now based In
San Diego, has beén built on
old stock certificates. ,

Stock Search International
started 26 years ago as a hobby
when Masse was a Universily
of Montreal commerce student.
Since then, it has recovered
some $3 million for clients and
mainiains computerized Giles on
some 12,000 previously lost
companies. She estimales one-
third of all households are har-
boring seemingly worthless

stocks, °°: ;
Unclaimed funds exist be-

cause Some 2,500 companies

change their names yearly or

because householders move so -

frequently stockholders’ mail
is not forwarded.

As well, people sometimes in-
herit stocks or even pick up
stock certificates in antique
stores. Some have value as
collectors’ items as well,

The company's five re-
searchers start by delving into
their own data, including com-
puterized records and old
financial books dating back to
the 1800s. With a 25-year ac-.
cumulation of research, the

-mystery is often unravelled

then and there. If not, it's a
complex lask and can take over
a year, Masse says.

Research routes are some-
limes clreuitous. For example,
a Quebec client hada Bolivian
government bond which the
local bank deemed worthless.
However, it was suggested they
iry the Bolivian embassy in

INDIVIDUAL NEEDS RULE

‘CCP at 60’ choice difficut

No, you don't have to wait
until you're 65 to slart to col.
lect your Canada Pension Plan.
As a matter of fact, you can
-begin CCP benellls as soon as
you pass your 60th birthday,
although your cheques will be
reduced by 30 per cent from
the ae-65 level. :

On the other hand, ‘if you
dort apply until you're 70.

~ $400,000

longer doesn't increase the
pension further.

Or you can apply al any time |

between 60 and 70 and the
amount verre paid will be
reduced. by Of per cent tor

,each month short of 65 and

increased by the same percent -
age for each month over that
age. But once you've decided,
_that's.it. The pension will be

Washington. Stock Search sent

‘a representative to see the min:
Aster of finance in Bolivia and

netted $3,000 for the bond.
“We lost money,” Masse sald,
“bul we won't have any.
problems next me. We know
now where to go and how to
deal with Bolivian bonds.

_Maybe nobody will ask — may-

be 30 people will ask."

The most lucrative field for
Stock Search is gold stock, A
lot of Canadian gold stock was
sold in the ‘50s and ‘60s but
failed to score with gold at $32
an ounce. Today the sky-high
price of gold and new mining
techniques mean many cam-
panies -are re-thinking the
viability of their mines. The old
shares may Just be viable too,

‘‘The three most common are

TiinRad, NemRod and Nagan-

‘la. but there are lots of others,”

Masse explained.

After gold, oil is best. Masse
mentioned Western & Texas
Oil Co., which was liquidated |
but left assets for which many

to the current “fui” amount on
your 65th birthday,

Ifyou choose the early option.
you'll also have to certify you
have. “substantially ceased
employment”. which the gov-.
ernment interprets to mean
annual earnings from employ-
ment or self-employment won't
exceed (he. current annual
maximum CCP pension,

Save

{f you are

qualified pension plan you may
transfer up to $6,000 of this pension
income to your spouse's RRSP.

on Income Tax

receiving income from a

$250,000

$200,000

$243,426
Total KRSE

fund alter -

$150,000

AD ears oll
S300 annual
contributions?

$ 50,000

F $63,003

Total RRSP”
fund after

20 years of
SL0U annual
contributions

Age 25 Age 45

|
Age 65 |

é

Canadians may be eligible. -

Another. money-maker is

Marconi Wireless Telephone *
Ca, of Canada, started by Mar-- -

_coni in the late 1800s, chang-  «...

ing 1o Canadian Marconi in the

‘20s. There's a list of 10,000.
names of people entitled to div-.’:
Idends from that company.:
which is still allve and well in. :
Montreal, but they must come. .

forward with proof.

Stocks, bonds and -mutual:..
funds are all grist forihe Masse «..
mil]. Cost of the service {s $60 |
each for up to five companies,

.$50 each for six to 12..If the.

stocks are found to be valu-: ©

‘able, Stock Search assists in‘

the recovery process and char- -
fes commission of 30 percent .
on the first $2,000 and 20 per we

cent on value over $2,000.

Canadians wishing more In-°~

formation can write to Stock

Search Inlernational, Hox 120;
Station K, Montreal, Que, HIN ©.

3KQ, or call 1-800-537-4523, 0-2, be
Canadian Association of:

Retired Persons News, °-

binding. only‘ for the ne

months; yot can: go back to’

work after the year off." *

But remember, whenever you: >.
slarl to collect, your. CCP...”
benefits will be fully taxable as.’
income, whatever they. are: >:
Until recenily, it was possible) |
to include CCP payments ‘in.
you RRSP and deler taxation," :

Well. is early CCP a good thing 3:

basis’ of your individual finan. °*
cial circumstances, Bul very.
likely if you think you can get”.
by without the early CCP in-:

come,

fully taxable, it's

probably best to wail until the | |

normal benelit age of 65.

atl Call for more details. .
_ bebe P.S. If you don't have a spousal RASP _
FRANH DONAHUE .- {can siart one for you. Canada 10th
. 636-2387 The Mutual Grou i
omretmenvcone — RS P | |among savers
Mutua! Inveatca nc., Facing Tomorrow Oo :
Two. ot The Mutual Group. - Together nce upon a tlme, Canad-

jans had a reputation as
savers second to none. We
were widely believed to
slash mare money away and
buy more ilfe insurance
than practically anyone in.
the world.

No more.

Now at $12,794 a head on
average in 1989, we were:
only 10th in the rate-of-:
savings stakes — but’ still
well ahead of the Americans,

who placed 14th, =
| Japan was first with per
capita holdings of $40,118
(U.S.) In savings and term
deposits.

$23.418, followed by Hel-:

‘| gium, Austria, the Nether-

lands, West Germany, Nor-

Canada and Finland.

way. Singapore, France, |.

Switzerland was second at |

In this example, $20,000 was invested in two RRSPs at 10
per cent, compounded annually. One was built with $1,000
a year for 20 years, the other with only $500 a year, but
for 40 years. In both cuses, the total contributed is the
same, But the plan started earlier grew four times as much
as the late starter. It pays to start your RRSP now, ro
matter hous small your contribution. :

Instant ©
Tax Receipts:

‘When you invest in a Credit Linion Registered Aatie-
mant Sivings Pin, wel issu) your offi bak
receipt on thd spot — while you srait, When yours
teady fo fda your income tax fetum, your AAG
ficalpl ib teady when you need X. ,

|. Monthly deposits.
the easy way
to save.

A better way to
build your future.

At 24 Credil Union, your Regalered fretiement Sav |
ings Pian aains a competitive interest role wih oo
leas of sty land, See us tow simu building your
future Bnaectal security]

‘ms Bank of Montrea

Your RRSP Specialists
Featuring:
— INSTANT RRSP Loans Up To $3,500
Competitive Rates an ae
Open Every Saturday from 10 am. to 2.p.m.-
‘AFriendly And Knowledgeable Staff = | oe

q Terrace & District
| Credit Union

4650 Lazelle Avenue, Terrace, B.C.

635-7282

meant