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HomeMy WebLinkAboutThe Huron Expositor, 1975-06-05, Page 19Sugar and Spice by Bill Smiley those who snuck in on their braver brothers' and sisters' coat-tails. Nor do I have much time for people like Piefenbaker, who made a, grandstand play out of it by pointing the finger of scorn at others. At his age, and with no family, and no political future, he doesn't need it.H e's got a fat pension, plus the old-age pension, waiting for him. , But his leader, Robert Stanfield the millionaire, doesn't need it either; and he voted for the increase, for the sake of others, who do need it. it seems like a lot of money, but it fqrces some questions. Is an MP with all his extra expenses, worth more than a letter carrier — five times more, in cash? Should an MP be worth about the same as two and a half high school teachers? Is he worth less, from an income point of view, than an Air Canada pilot, who flies a maximum of 75 hours a month, for just 'over $50,000? Is the MP as valuable, in cash terms, as about three steelworkers? If your answer to these questions is no, then you are either a letter car tier, a school teacher, •a pilot, a steelworker, or a damfool. When an MP received $10,000 a year for about five months work, and was able to keep his own business or profession going, he was rich. Today, how many first-rate professional men, who have worked hard to build a practice that is bringing in $50,000 a year, are going to throw it up for the hazards of a political career, where it might • be here today and gone tomorrow? , At the other end of the financial scale, the bright able young man or woman who hat a low income and could not possibly finance a run for parliament, will be encouraged to take a shot at it. There's no point in saying: "Pay them what they're worth." Some MPs would be in the bread-line and others would be millionaires. But there is some point in giving the office some dignity, economically as well as socially and politically. Despite what you may think, there is precious little corruption in Canada at the MP level. All the big money in corruptionis is at a different level. Let's keep it that way. Pay a Member of Parliament enough so that: a) he is not tempted into nefarious practices to make a living; b) he or she does not have to be wealthy to make a run at ,it. This way, we'll get the most for our money. But that pension plan for MPs is another matter. I haven't space here to comment on it. All I can do is weep bitter tears and gaging in_1970. thatne_ver.„in_the. „pf human- I admired those MPs who bluntly Said endeavor will so few have been paid so in' they needed the increase and would vote uch' for so little. for it. I have nothing but contempt for • I' know my readers have been waiting with bated breath for Smiley, who seems to be against most things, to launch his expected fiery .attack on federal MPs for giving' themselves a magnificent pay increase. Sorry, chaps, I'll just have to disappoint you this time, for a couple of reasons. First of all, I could speak with the tongue of angels, or devils, and the boys in the Big House would ignore it. If they wouldn't pay any attention to John Ifiefenbaker, who speaks in such tongues, they certainly wouldn't to Bill Smiley. Second of all, and the main reason I have not erupted, is that I think our federal elected members should have enough money so that they will be -.free from temptation, and so that the position does not become one only for wealthy people who can afford to be an MP, because they have other income. I know, and it is true, that MPs have some other perks: free mailing, • travel privileges, meal and accommodation payments while on government business, allowances for offices and secretaries. In cash, their income, at $34,600, is worth more than $40,000 because a good chunk of it is tax-free. That's a pretty fair income, even with inflation. But it's not wild luxury. It's not exactly Arabian Nights. It's not the sort of loot on which you are going to have orgies or get rich. I don't have to tell you — because they will tell you themselves, at inordinate length — that an MP has extraordinary expenses. You've beard it all: giving up his business or profession; keeping two homes; being expected to contribute to every cause in his riding, however trivial; being expected to entertain when Homer and Emily drop in on him at Ottawa ; having to buy a raffle ticket on anything going, and so on., It's a lot of chickenfeed that builds up into a pile of dollars. If somebody asks me to give a donation to the south Northumberland Society for the Prevention of Cruelty to Pregnant Cats, I can tell him to get stuffed, drop dead, or blow it out his ears. The MP for that riding must smile gamely and hawk up a five.And so it goes. There is no apology for MPs. They are the ones who should be apologizing. Not for, the increase. But'for the incredible ineptness of the timing. Out of • -...side of their mouths, they are susorting a program of restraint for business and labor. Out of the other side they .,are muttering a shame-faced "Aye, or absenting themselves for the vote, when it comes to giving themselves an increase that, is 92 per cent ,ovc r what they were THE HURON EXPOSITOR, JUNE 5 1015 -4A 41) • growth habit than Sanilac or Seafarer and tends to hold the pods off the ground better at maturity. In tests in the bean growing area it has successfully outyielded both Sanilac end Seafarer, he said, • On the other hand,.is its size. The Kentwood bean is larger in size than either Sanilac SOURCE 1. Unexpended funds at beginning of year Long-term liabilities 2.1 Sold to Education Capital Aid Corporation (par vajue) 2.2 Sold to the public (par value) 2.3 Premium on debentures 2.4 Discount on debentures Reimbursements from Governments 3.1 Canada 3.2 'Ontario (Special Vocational Grant 4. Capital Expenditure from the revenue fund 5. Federal sales tax refund 6. Balance at the end of year not permanently financed 7. Total 486,000. • Stratford, Ont. April 23rd, 1975 BALANCE SHEET AS AT DECEMBER 31, 1974 .Clinton Spring Fair on this week e bean A decision faced by White bean growers this year is whether to plant the variety Kentwood, this controversial new variety' having two sides to it according to P, J. Lynch, Soils & Crops 0.144.A.P. Specialist for Perth & Huron Counties. On one hand is its growth characteristics and ability to yield. It is more' upright in ers Seafarer and this presents a Problem for canners and gradera. With the present bean handling equipment some changes will have to be made at the elevators before Kentwood beans can be handled, It will-also mean that the Kentwpods will have to be kept in separate 'silos and handled separately: The elevator Operators See WO as ft problem that is net easy tO• police especially at peak harvest times, nil also means that nqt all elevators will be able to PAPPt Kentwood beans, If some Kentwood beans are accidentally mixed in with Sanilac pr Seafarer the grading system will penalize the larger Kentwood 'bean this :ye,ar., they should plant least or 10 ages.: This. way at load of the beanato deliver' atone. One. and. dint '10.0s• ',Chance.. of t:ofart:gost:eteeFe:::40i;....1 indi$4401. Ow* Pislaft. 000s. R • To the Peith County Board of Education: We have examined the balance sheet of the Perth County Board of Edu- cation as at December 31st, 1974, and the Revenue Fund Statement of Operations, the Statement of Revised Net Requirement and the Statement of Source and Application of Capital Funds for the year then ended. Our examination included a general review of the accounting procedures and such tests of accounting records and other supporting evidence as we con- sidered necessary in the circumstances. Cash Investments at Cost Accounts Receivable Municipalities Under-Requisitions ASSETS Current Assets Reyenue Fund Capital Fund 399,937. Supplementary Taxes, etc. 28,738. Other School Boards 380,800. Government of Ontario 525,304. Government of Canada 5,866. Other 9,688. Due from Other Funds Capital Reserve Revenue 42,175. Prepaid Expenses 26,775. Other Current Assets 34,436. Total Current Assets 1,011,607. 442,112. Fixed.Assets 11,175,607. Other Assets 1,011,607. 11,617.719. 189;929. 708,224. AUDITOR'S REPORT Respectfully submitted, Monteith, Monteith & Ca. Chartered Accountants. License No. 122 LIABILITIES Current Liabilities STATEMENT OF SOURCE AND APPLICATION" CAPITAL FUNDS For The Year Ended December 31, 1974-. 'RVVENUE FUND STATEMENT OF OPERATIONS FORLEMENTARY SCHOOL PURPOSES For The Year Ended December 31,1974 THE PERTH COUNTY Board of Education Financial Report 197 In our opinion these Financial Statements present fairly the financial , position of the Board as at December 31st, 1974 and the results of its opor. ations and the source and application of its capital funds for the year ended? in accordance with accounting principles generally accepted for Ontario school boards applied on a basis consistent with that of . the pre, ceding year.. Revenue Fund Capital Fund Bank or other short-term borrowing . 72,840., 350,200. Accounts Payable Municipalities Over-Requisitions 77,567. Other School Boards 70;222. Government of Ontario 24,763. Government of Canada 290. • Trades Payable and Accrued Liabilities 723,750. 18,042. Debt Charges Due and Unpaid Due to Other Funds Capital 42,175. - Reserve Revenue Other Current Liabilities Total Current Liabilities 1,011,607. 368,242. Long-Term Liabilities Unmatured Debenture Debt 11,249,477. 11,249,477. Less Sinking Fund Deferred Income Reserve for Working Funds Equity In Reserve Funds Other Investments In Fixed Assets 1.011,607. 11.617.719. APPLICATION -24,559. 8. Balance at beginning of year not permanently fipanced Fixed assets and work in progress 9.1 Buildings 358,141. 9.2 Furniture and equipment 128,083. `9:3 School Sites > • 50,641. 9.4 Improvement of school sites 63,420. 486,000. 9.5 Pupil transportation vehicles 34,070. 9.6 Other ( Specify ) Other Applications 10,1 Cost of issuing debentures 10.2 Transferred to revenue fund 7,736. 11, Unexpended funds at end of year 12, Total 6344359k 73,869. 708,224. Recovery of Expenditure 02 Other School boards 04 Government of Ontario, tuition fees and miscellaneous 06 Government of Canada 07 Individuals 08 (1) Other Revenue, excluding transfers from reserves • Total Recovery of Expenditure NET EXPENDITURE Financing of Net Expenditure Government of Ontario - (2) General Legislative Grants Local Taxation 1973 Over ( under) requisition 73,964. (3) 'Local taxation raised in 1974 2,102,124. Decrease ( increase) in reserve • Nil Net Under (Over) Requisition Required to be Applied to 1975 TOTAL The opening of the Clinton Spring Fair on Friday, June 6 will makr a milestone for the Huron Central Agricultural Society. Not only will the society tie the 121st Spring Fair in with Clinton Centennial, but it will now be the biggest Spring Fair in Ontario. The Clinton Fair, which this year runs on three days, June 6, 7 and 8, has now become a "B" Fair, making it second only to larger exhibitions -such as the Canadian National Exhibition and the Western Fair in London. This year the Fair will offer more than $5,000 in prize money, most for a myriad of events connected with agriculture, from cooking to poultry. As well as the usual events connected with a fair such as cattle exhibits, horse shows and commercial exhibits, the fair also has a midway and two grandstand shows, one Friday night and one Saturday night. The show on opening day, Friday, June 6 will feature the Ontario Spring Jersey 8how, now as large its the Fall Show at the CNE. Following the Jersey Show in the evening will be the Queen of the fair contest, and the Senior Citizen's Queen contest. UNIT STEP Enhance the beauty and value of your home with " precast steel reinforced concrete Unit Steps. Our installation crews work quickly and cleanly. The highlight Friday night will be a big local talent night which starts at 7:45. , It 'features stepdancers from Seaforth, Scottish dancers and bag pipes, folk singers, male and female vocalists and old time fiddlers. Johnny Brent will be MC for the night's entertainment. Saturday,. June 7th's program will be kicked off with a parade through Clinton that promises to have over• 50 floats, including at least one band. The parade will be followed by the Huron County Holstein Club's annual show and the judging of other livestock. During the after- noon the baby show takes place in the arena. Winning livestock entries, numbering in the hundreds will parade on the grounds and the livestock special awards will be presented. Harness horse teams will be judged in front of the grandstand in the evening and if the last two years is an indication, the largest heavy horse show in Ontario will enthrall young and old alike. The evening grandstand show, which gets underway about 9 p.m. will be a treat for country and Western fans when interna- Offers:. SAFETY, QUALITY ECONOMY and CONVENIENCE tional • recording artist Jan Howard takes to the stage, along with the Myers, Brothers and the Jubilaires. The final day of the three day fair starts off with an all breed pedigree fun match at noon, followed by the increasingly popular horse show at, 1 p.m., with "Tor " Gre as M.C. SEAFOR1H JEWELLERS for DIAMONDS WATCHES JEWELLERY. FINE CHINA GIFTS FOR EVERY OCCASION All Type ,, ()I' Repairs Plmne 527-0270 OW! Guaranteed Investment Certificates for 3, 4 and 5 year terms. UNIT STEP Expenditure 10 Business administration 20 Computer Services 30-49 Instruction 50-59 Educational services 60-69 Attendance, health and food services 126,330. Nil 4,655,526. 109,334. 3,815. 70 Plant operation 602,898. 75 Plant maintenance 236,912. 76-81 Transportation 566,499. 82 Tuition fees 1,556. 83 Capital expenditure (non-allocable) 38,534. 85 Other operating expenditure 40,301. 87' Debt charges on capital borrowing 764,031. 89 Non-operating expenditure excluding transfers to reserves , 10,396. Total Expenditure 7,156,132. Account Code 953. 36,315. 420. 83. 28,247. 66,018. 7,090,114. 4,925,353. 2,176,088. (11,327. ) 7,090,114. Expenditure 10 Business administration 20 Computer services 30-49 Instruction 50-59 Educational services 60-69 Attendance, health and food services 123,874. Nil 5,210,431. 99,214. 5,294. 70 Plant operation 518,566. 75, Plant maintenance 125,556. 76-81 Transportation 465,770. 82 Tuition fees 213,270. 83 Capital expenditure (non-allocable 40,815. 85 Other operating expenditure 53,726. 87 Debt charges on capital borrowing 576,853. 89 Non-operating expenditure excluding transfers to reserves 9,882. Total Expenditure 7,443,251. Account Code (1) Other Revenue includes transfers from the capital fund, proceeds from the sale of assets, insurance claims, earnings on temporary investment, reimbursement for services and other miscellaneous items that are in the nature of recovery of expenditure. • (2) Government of Ontario General Legislative Granti is the amount payable by the Province of Ontario under the provisions of Ontario Regulation 200 /74 as amended other than specific reimbOrsements reported as Government of Ontario, tuition fees and miscellaneous REVENUE FUND STATEMENT OE OPERATIONS FOR SECONDARY SCHOOL PURPOSES For The Year Ended December :11, 1974 Recovery of Expenditure 02 Other school boards 04 Government of Ontario, tuition fees and miscellaneous 06 Government of Canada 07 Individuals 08 (1) Other Revenue, excluding transfers from reserves Total Recovery of Expenditure NET EXPENDITURE Financing of Net Expenditure Government of Ontario ( 2) General Legislative Grants Local Taxation 1973 Over ( under) requisition 37,226. (3) Local taxation raised in 1974 1,979,996. Decrease ( increase) in reserve Nil Net Under ( Over) Requisition Required to be Applied to 1975 Taxation TOTAL (3) Local Taxation includes the total of the 1974 requisitions on Muni- cipa li ties, supplementary, taxes, license fees for trailers, taxes levied directly by school boards and any other amounts provided by muni- cipalities over and above the requisition, other than amounts in respect of sale of assets to a municipality or revenue from' cost- shared programs. • 632,631. 2a,431. 5,446. 40,728. 48,291. 720,52/. 6,722,724. 4,771,742. 2,017,222. (66,240.) 6,722,724. THE EASY WAY TO BUY BETTER CONCRETE STEPS ALL US NOW FRANK KLING LTD. 5 /7 -1320 Seaforth Member Canada Deposit Insurance Corporation VICTORIA and GREY r0USt COMPANY SINCE 1060 (1) Other 'Revenue includes ,transfers from the capital fund, proceeds from the sale of assets, insurance claims, earnings on temporary investment, reimbursement for services and other miscellaneous items that are in the nature of recovery of expenditure. ( 2) Government of Ontario-General Legislative Grants is the amount payable by the Province of Ontario under the provisions of Ontario Regulation 200/74 as amended other than specific reimbursements reported as Government'f Ontario, tuition fees and miscellaneotis. (3) Local Taxaticin includes the total of the 1974 requisitions on muni- cipalities, supplementary taxes, license fees for trailers, taxes levied directly by school boards and any-other amounts provided by muni- cipalities over and above the requisition, other than amounts in re- spect of sale of assets to a municipality or revenue from cost-shared programs. •