HomeMy WebLinkAboutThe Lucknow Sentinel, 1988-10-05, Page 9Lucknow Sentinel, Wednesday, October 5, 1988—Page 9
That X100 Bond is now worth well over X200
Big CSB issue
Remember that big Canada Savings
Bond issue that paid 19.5 per cent interest
when it first went on sale in 1981?
That was Series 36 and it comes due this
Nov. 1.
A $100 Compound Interest Bond of this
series will be worth $221.99 of Nov. 1. These
bonds no longer earn interest after that
date, so go to your bank, trust company,
credit union. or stockbroker - wherever you
bank or invest - and cash them in.
"Investors should also be aware that
there's a new deadline for buying Canada
Savings Bonds this year," advises John
Campbell, a director of the CSB. Payroll
Savings Organization.
"Nov. 1 will be the last day you can buy
Canada Savings Bonds at face value - if
they're still on sale after then, and there's
a good chance they won't be, you'll have to
pay accrued interest," says Campbell.
Because of this and the size of the matur-
Logo Contest
Public Library Week is fast approaching
(Oct. 17-21). During this time the Bruce
County Public Library Board will choose a
new logo, which will grace stationary,
signs, and buildings. This will be a first
step in the Library's attempt to change its
image to make the Library recognizable
throughout the "county, ` to bring the
Library'closer to the people it serves.
Prizes for the logo submissions have yet
to be determined. Meanwhile, the people of
Bruce County are invited to participate
and submit their suggestions to the follow-
ing address:
Bruce County Public Library.. Logo
Box 16000
662 Gustavus St.
Port Elgin, Ontario
NOH 2C0
Warming...
• from page 8
Counties.. The addition of Eldon Austin to
the business in 1971 brought an expertise in
oil furnace installation and maintenance.
Chisholm Fuels expanded their service
again in 1978 when Jack MacDonald joined
the staff and they opened a gas bar at their
property just south of Lucknow on, County
Road 1. The gas bar features a Keylock
system .for gasoline and diesel fuel, gas
pumps for retail sales and, later. a pro-
pane filling station for both cylinders and
propane powered vehicles. Jack retired in
1986.
Grant's son Bill now handles the duties
of the business in the Goderich area where
he lives, with his wife. Neil Bieman,
Grant's son-in-law, has also joined the
family business and takes charge of the
Wingham area. Both Bill and Neil are
licensed burner mechanics and have given
the buiness an expanded market area.
To the west, it is another son, Pete
Chisholm who mans the Kincardine office.
A bright future
If the past achievements of Chisholm
Fuels is any indication, the future 'of this
local business looks bright...bright and
warm. Grant has now become a director of
the national Home Energy Group and has
his sights set on new technology which will
again expand the business of home heating
fuels.
"There are many things on the horizon,"
Grant admits. "Right around the corner
are home furnaces without chimneys, for
example. We're quite excited about the
high technology being developed around
oil burning furnaces."
Since the early days of Chisholm Fuels,
the business has kept up to date with the
needs and wants of society and has kept a
close eye on new technology. It is this
foresight which will take the business
headlong into its next 50 years of service.
All customers, past, present and future,
and invited to join in the celebration of this
first 50 years of Chisholm Fuels as they
stage a special commemorative open
house at their Lucknow depot this Satur-
day. There will be displays, free draws
and, of course, hot dogs for everyone.
As always, all will enjoy a `warm'
welcome from the staff at Chisholm Fuels.
ing issue - about 1.5 million Canadians hold
roughly $6.3 billion worth of Series 36
bonds - special arrangements have been
made to allow bondholders to go to their
favorite financial insti tution starting Oct.
20 - the first day the new bonds go on sale -
and do all the paperwork associated with
the redemption and, if they wish, the pur-
chase of the 1988/89 issue.
The same arrangements apply to
holders of Regular Interest Bonds who
want to reinvest the proceeds of their in-
terest cheques in the new issue.
Even if you don't hold any of the matur-
ing bonds or Regular Interest Bonds, says
Campbell, you can still go to any financial
institution and do all the paperwork in ad-
vance - from Oct. 20 on.
"As long as your application form is ac-
companied by a cheque, which you can
postdate to Nov. 1 - that's when the new
issue starts earning interest - your pur-
chase application will be honored even if
the new bonds are withdrawn from sale
before Nov. 1."
Sales made through the Payroll Savings
Plan will not be affected by this change.
He also noted that there is about $175
million worth of Canada Savings Bonds
that have matured but have not yet been
cashed. These can be redeemed at any
time, no matter when they matured.
"Because bonds don't earn interest after
they mature," he added, "investors should
make it a regular practice to check their
safety deposit boxes every year to review
their CSB holdings. A list should be drawn
up, containing the serial number of each
bond and its maturity date."
This will ensure that all bonds are
redeemed when they come due and the
funds reinvested to provide investors with
a continuing return on their money.
As a stockbroker for many years, he can
recall a number of instances where CSB
holders failed to cash in their bonds on
Nov. 1 and were disappointed to find that
the new issue was no longer on sale when
they got around to redeeming them a few
weeks later.
Canada Savings Bonds can be purchased
for cash wherever you bank or invest or in
instalments on the popular Payroll Sav-
ings Plan where you work.
Don't be late!
Canada Savings Bonds
have an earlier date.
This .year the Canada Savings Bond sales period is earlier - from October 20
to November 1. Buy your new bonds wherever you bank or invest starting
October 20. You may date your payment wembc'-1, the day the new .bonds
start earning ti iterest. .
Safe and secure. Canada Savings Bonds are
fully guaranteed by the Government of Canada.
They never fall in value.
Cashable anytime. Canada Savings Bonds
can be cashed at any time. Your money is always
available when, you need it.
Interest rate announced mid-October.
The interest rate and purchase limit for the. new
series will be annou.n(ed in mid-October. Details
will be available wherever Canada Savings Bonds
are sold.
Don't be late! Remember, November 1 is the
last day you can buy the new ,bonds at face
value. But the bonds may be withdrawn from sale
at any time.
Canada
Savings
Bonds
Canada