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PAGE 18, WEDNESDAY, MARCH 15, 1978, WHITBY FREEI1 CENTRAL LAKE ONTARIO CONSERVATION AUTHORITY F ,rewood for Sale ail species of wood*available $25.017 per face-cord (4 x 8 x 16'1)'Contact Mr. C. Dewey, Watershed Supervisor, 655-4843e HeberDown Conservation Area ta arrange pick-up. CONTRACT W78-3 CORPORATION,0F THE TOWN'0F WHITBY TENDER FOR TWO DIJMP IRUCKS Tenders will be r eceived by 'the undersigned until> 2:00 p.m., Monday, April 3,1978, for two 36,000 GFW dump trucks with snow plow equipment. Specifications and tender formas are available from t he Treasury Department, Town of WWitby, 575 Rossland Road East, Whitby. Telephone 668-5803, extension 37. Lowest or any tender not necessarily accepted& R.-A. CLARINGBOLD, Deputy Treasurer And Purchiasing Agent, Town-of Whitby. Go to the bank, wiîth the fleible rate" on bans, If you're in the market for a boan, the first place you. should go is to the Royal Bank. Our Loans Officers would really like to help you with your particular plans. And there are a lot of different ways we can be of help. We have Personal Loans for almoet any worthwhile purpose. And for major purchases _Special Purpose Loans Up to $25,000 and longer terms areavailable. The rates are flexible too. So before you go anywhere, go to the Royal Bank where borrowing is comfort- able. We'd really like to help. MUROYA,-.L BAN K i.,,br a lot&ofreasons. Judges RCobert Kirk (Ieft) and Hermax watch thse finish m tently as -Whitby Cubs at the 'nnal Pinewood Derby. The chei right, consists of Paul .Roy,,Thm Wellç Robert Oliver, and Paul Powell. The Pinc Feb. 27 in thse storage room at the newv A CLOSE FINISH n Kloosterman (right) and- the finals are scheduled for March 18 at 12: 30 p.m.. cheerin the winners Forty leaders'and 360 Cubs are participating ini this special ering -section, left to, event,which fuatures races on an inclined track with cars the ýs. Shawn Campobell, Cubs make themselves from blocks of wood. ewood-Derby 'started ïmunicipal building, DOLLAR fSUfl What would you- do if you won a Ilottery! By La"ryMurry, CA If you buy Loto, Canada, or Wintario tickets, -yau may have a problem some day: what would you do if you won? 1Would- you build an 18-room mansion,*or buy a villa on Capri?-A braoe» of eîotic automobiles? A yacht? Perhaps you'd take a long trip around thse world, or maybe you'd like to make your family an~d friends secure for life by spreadi«ng ,opur sudden riches around. How would -you, solve thisýl pleasant problem? I1 would 'advîse you ta seek out a know- ledgeable financialý adviser. Here' are some consider- ations.' Assuming you are a wage earner, with a spouse and children, a' home and a few investments - - why not move. to a bigger, more expensive home, and pay JAMES PRENTICE, OPTICIAN 400-A DUNDAS qT (AT KENT) 666 - 1646* WH ITBV OFFICE HOURS Mondaey- Friday 19 a.m. - 8 p.m. Saturddy 9 a.m. - 5 p.m. Fashionable Frame Shapes are designed with varied facial structures in mmd. Eyewear colours create a smzart, stylish look.. NOW YOU CAN SAVE ON1 BEAUTIFUL. EYIWIAR 2()% off Ail Prescription Eyegloss Frames 10% Off Ail Sunglasses Free Press Photo by Brian Winter' cash for it. The larger and General financia advice by menibers of thse lustitute of Chartered Acutat ofOntario., more expensive the house, the better it wil be from a tax, poin t of view if and when you seli it, because thé- increase in value of your principal. residence is flot normo.lly subject to capital-gains tai. - Next you might decide ta buy a cotta ge, and here you start getting into areas where your later tai burden will be a consideration. If the first home belonge to * you, your spouse should buy the cottage, establish- ing it as hier (assuming you are the husband) principal residence for tai purposes. To enable her -to do this or to make investments of course, you will have ta' transfer some of your winnings to hier, and here you might run across the income-attribution rules of the Income Tax Act. These state, basically, that -if a husband gives money or investmnents or selîs invest- ments to hig wife or chfidren under 18, he must pay the tax on any income from such money or investmnents. The same is POPUlarLater Although ice creamn was known by American colo- nists in the 1700's, it dîd not becomne' popular until after 1812. ____ I Cg 668 -3618 true for capital gains realized by hie wife. To avoid being unnecess- arily penalized. by these rcules, instead- of giving your wife a I ump-sum in, cash,, you should lend her the money on the basis of a non-interest-bearing prom- issory note,' repayable on desnand, the' intention being ýtéo>,repay it oera reasonable period of time. She will then pay tai on any. incozue she derives' from investing the money, and her tai rate would likely be lower than yours. This is a-perfectly legal and legit- imate incomë-splittiiig device. If you want ta give-money ta your children, lend h ta them, on similar termis, provided that they can Iegally be bound to such arrangements. Income earned by the money will affect the .child's tai situation, nat yaurs. You can give each child 810,000 per year (ta an annual total of $50,000) freeý of gift tai. Sa do this, then, have the child pay the $10,000 back ta you, ta reduce the size oftheloan. v Mr. Murry i Thorne Riddell & Toronto. wlth Go., STOKER THE BROKER o. "14E5H Z5~