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Home My WebLink AboutThe Lucknow Sentinel, 1967-05-03, Page 7yy�pNESDAY: MAY *41' 1967 Entertain At Pinecresti ' ZIQN NEWS,'• • Mrs; .John Gardner's groiip • entertaine•d the .patients at Pine crest. Manor on Saturday. A 'program: was presented:With read- ings giVeeby eadings'giveeby Mrs. Russel Swan • and Mrs,. Lorne .Cook. Tommy arget entertained with selections' • • on his electric guitar. Crafts were, then participated in with knitting, crocheting and `rug braiding which • made•an enjoyable afternoon••for the•patients, Zion U.C.W. has'. . completed four afternoons of visiting Pinecrest during April:' Mr. and Mrs.Bill Ritchie and Laura of Burlington and Mr. and•. . Mrs, Alf Ritchie of Lucknow• visit- ecLon Sunday with Mr . and Mrs:. • Frank Ritchie: Mrs. John Gardner visited Mr. and Mrs. Jim Wilson, in Wingham hospital this week';. ' Mrs. Gordon Kirkland and 'Ken spent Saturday at •Orillia where they .visited,Mr. ,and Mrs.' Alfred .� •, �.s rM," ams'-, .c.•, v. nr l4 THE LUCKNOW SENTINEL, LUCKNOW, ONTARIO Andrew. Mrs, L. Hawkwood and! her dau- ghter Mrs, Sam Chalack and Mr. , halack of Cochrane, Alberta arrived in Lucknow on Wednesday • and. visited, John .Ritchie and Kenn- eth, Mr, and Mrs. Blake Alton and family ,Marjorie and Douglas " Alton. Mr. and Mrs. Chalack left on Saturday for Toronto where they will visit relatives and attend some •cattle sales before flying home. Mrs, Hawkwood• remained here for a`'longer visit.with friends and • relatives. John Ritchie was'host to'a dinner party at.the Log. Cabin Restaurant. on Friday.'evening,'Those present: were 'Mrs. I. Hawkwood, Mr. and Mts..Sam Chalack*Mr;..and Mrs.. Wesley Ritchie, Kenneth Ritchie, Mr. and Mrs. Allan Ritchie, Bren- da and Bryce. �l Mrs.. Earl Swan of Lucknow held a quilting for the Zion ladies where they quilted a fancy quilt which they had 'made recently. Mrs. Tena, Hunter• is spending a few days this week with Mr. and Mrs. John Hunter, while she is! under the doctor's care. School Students. Form Church Choir AMBERLEY NEWS • At the service at Pine River United 'Church on: Sunday, , ,Rev Harold; Pillen's sermon on "Our young generation was inspiring to: all,' Miss Jean Campbell, music supervisor, attended the service'. • and directed a choir' of Huron ablest Public School students who'sang navy fine 'num'bers. ' .-Friends ; of Mrs:- Glenn Campbell of Afnberley will be pleased to know that she is progressing favor- ably after surgery at St:. Joseph's hospital at:London. . Among the many patients from this area in London:hospitals is Ilton Smeltzer who. entered St., Joseph's Hospital last week Congratulations are extended to Mr, ` and Mrs. Robert Scott on the arrival of a daughter at•Kincardine and District Hospital.. 'Mrs: Rena Kempton of Ripley visited on Sunday with Mr. and Mrs. William,Kernpton and fam- ily. PAGE SEVEN KIN.OSS CENTRAL PUBLIC SCHOOL S.S. NO. 1, . KINL- OSS S.S. NO. 2, x:INLOSS GREENOCK a Grde 1 Registration All parents with 'children ready to "enter Grade 1 during. the 1967-68 ,'school term are requested :to register with Mrs. Betty Anne Elphick at the Kinloss Central Public _School • on MONDAY MAY 8 FROM 3:30 TO. P.M. ,M , 5 P.M. 1t is required that your child must be six years of age before. December 31st, 1967 and the child' should • accompany: parent at time of registration. Wingham �ligh School Budget Comes Close To The Million Dollar Mark The Huron -Bruce District. High School Board has approved' a budget for the year which falls' just short overnment action places responsIbilities. This advertisemen tells you what they are. Important changes in the Securities' Act, 1966, and in, the .Corporations• Act became law on May. 1st 1967. The new legislation will have far- reaching effects. It 'setsstandards which everyone in the investment business must follow: It says"exactly how certain vital' procedures'should be carried out. It demands a full range of"information from companies offer- ing shares tq.the public, and makes that information fully available to every' interested citizen. Here are five ways in which the Securities Act will help the people of Ontario. Financial'Disc(osure The new Act requires , companies, to make a, full report" of their financial situation to the Ontario Securities Commission every year.These reports will be made available to the public: Insider Trading Insiders, of com- genies• (senior officials and major shareholders), must now keep the Commission informed" of their hold- ings :in' their .companies, and :must report . changes as they take . place. This information will be made avail able,for public: use. Take-over bids New regulations govern•the`procedure to be followed when One company tries to obtain control of another by share purchase. They include a minimum period for • which the offer `is, to remain open, ;and a 7 -day period during'which the shareholder approached may change ; his mind. Any investor; involved in a take -overbid w'ill,now be kept fully, informed. Proxies Under the new Act, detailed information must be given whenever a company 'asks .for &proxy vote, to .be used on the shareholders. behalf. ,'The shareholder.must be told exactly who is to use his vote, and what his, interest is4The company is limited in 'the way the vote,can be used. Tho. resultwill be to give the absent share- holder amore effective voice et corn - pany• meetings, ` The"prospeftus The way in which a company can describe rrew•invest- DEPARTMENT OF' FINANCIAL AND COMMERCIAL AFFAIRS • IA ments is controlled by the Act. One. important change isthatthe prospec tut must always be written.in simple, clear, non-technical language.: Another requires the 'prospectus to be published in two stages, with .a , pause of'at least ten days between the two. The preliminary prospectus is'for information only; trading can- not beginuntil the final 'prospectus is, published. The 'effect will be to. give dealers and investors time ro' think. ` Further information This :adver tisement gives only a brief outline of some of themore important changes in*the Securities Act 1966, and, the Corporations.Act Nothing•inthe'Act relieves the investor of the respon- sibility of making sound decisions based ongood .advice. Your•Iawyer, broker, or other qualified investment adviser will be able to give you fuller ` . information; or copies of the Act can be obtained from the Ontario Secu_. r.ities Commission,,1 2.3 dward Street, Toronto' 2, and from the Queen's Printer, 26 Breadalbane Street; Toronto 5. /2 Hon. H. L, Rowntree, (Minister of Financ'ial an'6 Commercial' Affairs 1111 ...i1145, art 41 isitrIV askik...-wil 411174, Yoms. of ,$1, 00 0 , 000 , at $943,330.71. / The budget' covers 'the cost of oper- • ation and; capital return onboth the Wingham and Lucknow 'schools. 'The amount to be raised' by local taxes is $225 ,174.85 on an assess- ment of $19,163,817. This corn - pares: to an assessment of approxim ately $13 000,, 000 in the old'. Wingham High School District. ,The total cost of operations is. broken 'down as' $461-, 931.71 for the non -vocational departments and "$481,399.0,0 for the vocational. departrnents of the school. .General legislative grants will;.be': $159,2. 25 00 for the Lucknow oper ration and $523,403.00 fol the • Wingham school. The remaining difference of $35.527.00 between grants and. the local levy is macre.' up of receipts fromtuition fees; night :school, a book, fund ; cafet- •eria, rents:. cadet grant, and misc- ellaneous items.,- The breakdown of..expenditures showed $3S,709.:00 for administ- ration which includes officers sal- aries,, telephone and general', expenses; $75.6.90.00 for plant operation and ,Maintenance, which' includes salaries, fuel and electri city and repairs; instruction which includes teachers'. salaries and sec-, retaries' salaries, $521,965:00; teaching supplies , $49,,933.00; • night school: $5:056 00; services: (cafeteria, , cadets , auxiliary) ' $16•,100":.00; 'transportation ;• $133,480; capital.expenditures $4 , 200.00; miscellaneous $4, 021; debentures , principal' $61,466.52: and interest, $32,710.19. , 32,710.19.. The $225,174 which has to he raised, by the 14 contributing mun icipalities is apportioned on the basis of the provincial equalized "assessment factor as follor4s Ashfield 7.70%; Brussels 4:52%;• Culross 7.51%; East Wawanosh 6,13%; Greenock 99°jo; Grey 2.12% How ick 10.93%;..Kinloss 7 .'43%; Lucknow 6:061O; Morris 9;.98 o; Teeswater 4.69%; Turnberry 9.'11%; West Wawanosh 4.01%; Wingham 1$f•826/0 Using the,countyequalized assess - Merit figure of $19,163,817 it will require a mill rate across the: district of 11.75 mills, However, this rate will•not likely appear on too many tax, bills as it is broken down between residential and commercial rates at the•rnunicipal level.: The 11:75 :mills is art increase. .of 2,75 mills .over the rate used in the.Wingharn district last year; A surplus of $43 i0,00 'in" the Wing- ham area will reduce the actual amount to 'be' levied while•a 'small,, ,, deficit,in the Lucknow area at'the' 'end of the year will incre;ase the • actual sura of tnoney raised ,by each municipality by a ;small ah'iount. The budget; does not' allow for any' capital repayfrlent on the new wing which will be added" duringthe next y:ear. Advance-Tirnes•. •