Page A8

letters cont'd

Continued from Page A5
Petition to council

Thankyou. for. publishing, in
last week’s issue of The Review
(July 25), my open letter to the
mayor of North Saanich con-
cerning the resurfacing (oil and
gravel) of Munro, Wilson, and
John Roads. Asa follow-up, the
attached petition. to mayor and

council of North Saanich is being . of time, probably no more than. More “normal” financial en- WAGON STYLE
i 7 > ohs three months. vironment.
circulated through the neigh I may be fortuitous that

bourhood:in the hope that we can
at least. expect some: clean-up
work. (rolling, . sweeping). to
redefine the road shoulders. and

to minimize the duration of the the ‘inveaaienl wasmade? can =. to the crisis we are now

hazards and. annoyances. due to look paltry when the investment confronting.

the excess loose gravels on our matures. By. investing for no Unchecked ~~ government

road surfaces. more than'three months. atatime  ~SPending; waste and political
With respect to my previous you will be at least reducing the expediency have created, Mb huge

(published) letter, | would like to. _ risk. . Sabana eee awhich

acknowledge that | was incorrect ‘The time to tke out longer term Propéttionally,” Canada’s -

in stating that the last resurfacing
of Munro Road (again, oil and
gravel) was) approximately 10.
years ago (as I was: originally
informed), As it turns out, it was
only six years ago.
Given that. the usual. life ex-
pectany of such work is 10 to 15
years, this further strengthens the
argument that resurfacing at this
time was unnecessary, and: that
perhaps five to 10. years’ use of
the existing road surface (and the
savings in tax dollars that this
~-would™:-have . represented) were
wasted.
R.P. Griffith,
1237 Munro
RRI Sidney

"Sidney

few leads in the murder, but had ~ ‘stolen. Bos eres :
- Provineial nothing. new to report Monday. . o Motorcycles were. 5 eported ie
7 “Central S h i ~~ stolen. from residences. on ©) ae
entral-Saanich police report. Melville Drs and. Ardwell Ave. gp - oUR DELUXE MODEL i 7 ALL SIZES: IN STOCK
: their: investigation. of: several acts - July 28 and 29.. : . ere : _ NOW ONLY.
~of vandalism. committed. around NOW. ONLY: ;

1958 Genoa Pl., Saa ichto was

‘driving while over

“32-2020 White Birch Rd.,
“Sidney” was:
pleading guilty to

Teper’ an “accident:

Fit blitz -

failing

“ : will meet 9:30 a.m,

~ 2708). Walkers welcome, :

oe SOLAR BLINDS —

| Services Offered
[PAINTING &

» WALL PAPER
“TOOL SHARPENING
HEY CUTTING

"WALL PAPER STEAMER
CERAMIC TLE CUTTER

cumstances, |

fined $250. after ‘pleading guilty. to.
08. alcohol .

David Alexander Ewing, 17, of :

fined $150 afte ee

“The ‘Peninsula Walking Group

Aug. 7 at.
Panorama Leisure Cente parking

~ lot. Destination is Cordova Bay. ff
“Leader. is Dorothy Godson (656-

EXCITING
WINDOW TREA IMENTS

-e VENETIAN BLINDS —
VERTICAL BLINDS

S NOW AVAILABLE :
OAK TOWEL BARS

$19.95.

THE REVIEW

Wednesday, August 1, 1984

Nobody seems to be able to
predict where interest rates will
peak in this cycle or. for how long
they..may remain. at. these high
levels.. Under these conditions the
best. course of action is to. stay
liquid and short.

Liquid. means that you should
keep as much money as possible
in cash or: something that is easily
transferable into cash. “Short
means to invest for short periods

As- pointed out in a previous
article, the risks of investing for
long periods of time in a rising
interest rate environment are the
yields which look attractive when

investments is.when interest rates

decline and the prospects are very.

good that they will decline even
further. Under. any © cir-
would . still be
inclined to invest for no more
than three years simply because
the future is’so uncertain.

In light of the above, I think it
is significant that one of the
major. chartered banks~ has

~~ suspended granting. three. and

five-year mortgages.

No progress

- Sidney RCMP say © the in-

-vestigation into the Canada Day. -

murder of Sherry Anne Wallace

_ isn’t stalled yet, but isn’t making:
: much progress either.

RCMP still are following up a s

Patterson. Rd.

iy

- retractable,

July 14 As. Not.

- WORK SOME MAGIC. oe
ON YOUR BUDGET — at

For the few brave souls willing
to invest in the stock markets at-
the moment, my advice has been

to invest in quality securities with
good dividend yields.

The-
Canadian. dividend:. tax ‘credit
makes. the yields on. the better
convertible’ “and
higher. yielding common shares
seem. very attractive, particularly -
when-a capital gain might also be
anticipated. when we revert to.a

elections are being held both in
Canada and the United States as
itis the action of governments
which is contributing in no small

larger than.that of the U.S. and
yet our cries for action are a
whisper compared to the. outcry
south of the border.

Yet our consciousness of the
tumbling value. of the Canadian
dollar is raised by the media every
day. As one commentator put it,

the value of the dollar. is the -

report card of the government.
(Stephen: Taylor is’ a represen-
tative .of Dominion | Securities
Pitfield Ltd., Victoria(

on murder

- last week. Money was reported
“stolen from ..a Resthaven Dr.
residence’ July.:28.- Clipper.
- Restaurant and Flint Motors on

Bevan Ave. also. were. broken

into, ies nothing was + Teported ce

“On. July - 27 a white 10- speed .
‘bicycle was ‘stolen from) infront:
of Tanner’s Book Stores!525,

“Vehicles at- Resthaven Wharf
Swartz Bay and on Resthaven Dr

ft

21”

NOW ONLY —

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“7 PIECE

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SET

NOW ONLY

SAVE 10°

FOLDING |

OE can

NOW. ONLY

“St ; ER

KINGSFORD

SAVE. $49°°

SAVE $2

OFF OUR REGULAR Low

PRICE POST STYLE.

“SUPER BUY!

SAVE 8°” on, |

46”

HEDGE

TRIMMER |

You ia ne

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YoU PAY ONLY

| SAVE. *30°° |

DELUXE |
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REG, $49.99 NOW

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REG. $59.99 NOW

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tt

SAVE 10 |

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iis Ahn a

_OPEN FRIDAY NIGHTS "TILL 9 PM

fe ‘GOLF BAGS | REAR BAG |

~ MOWER

35 H.P. 20" CUT
NOW ONLY —

“MACLEGD: = Ss

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so fs

at

25% |

ics REMAINING stock oF

ovis

LAWN |

— Hours —
“Monday to Thursday
$530 (0 5:30. -

2488 BEACON AVE.
_656- S611

‘Friday 8:30 (0°9:00
Saturday 8:30 to §:30
Sunday 12:80 = 4:30

" DECORATI G CENTRE

AOCATED. AT SIDREY SUPER FOOOS.
“9103-2527. HEACON AVE.

_656- 2202

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