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The Exeter Times-Advocate, 1976-08-12, Page 6Page 6 Times-Advocate, August 12, 1976 JUNIOR BAND WINS - The junior band from Exeter- Academy of Musical Arts won individual accordion awards at a recent music festival in Sarnia. Back, left, Richard Oosterbosch, Danny Gower, Jeff Lamond, Nancy Van and Dan Shute. Front, Anita Van Massenhoven, Cindy Taziar and Dinette Steffins. If you require financing to start, modernize or expand your business and are unable to obtain it elsewhere on reasonable terms and conditions or if you are interested in the FBDB management services of counselling and training or wish Information on government programs available for your business, talk to our representative. FEDERAL BUSINESS DEVELOPMENT BANK Best Interest We represent many Trust Companies, We are often able to arrange for the highest interest being offered on Guaranteed Investment Certificates. Gaiser-Kneale Insurance Agency Inc. Grand Bend Office 238-8484 Exeter Office 235-2420 * Subject to change GREAT VALUE IN 20" BIG-SCREEN COMPACT COLOR TV! 1976 AVOW CEIII ® 100% SOLID-STATE At_OLL uses up to 64% less energy! Zenith's 100% Solid-State Chassis featuring the Zenith Pat- ented Power Sentry Voltage Regulating System uses up to 64% less energy than previous Zenith 19" all-tube sets. The WARWICK S2919W '""; 'Exciting avcnf-garde. ; styled decorator compact.. 20" Zenith NEW LOW PRICE • 100% Solid-State Titan 260V Chassis • Brilliant Chromacolor Picture Tube • Synchromatic 70-Position UHF Channel Selector • Patented Power Sentry Voltage Regulating System • Solid-State Super Video Range Tuning System • VHF and UHF Antennas built as only Zenith builds color TV RUSSELL ELECTRIC (Exeter) Ltd. Phone 235-0505 Exeter TIP TOP ROOFING & SIDING ALL TYPES OF SIDING Complete Home Renovations Inside and Out ALL TYPES OF ROOFING FARM WORK A SPECIALTY LONDON 453-8271 CLINTON 482-7108 See Detroit Tigers game By MRS. WILLIAM ROHDE Heather and Tracy Reid spent last week with their uncle and aunt Mr. & Mrs. Emerson Reid of Detroit. Mr, & Mrs. Wes Reid spent the week-end in Detroit at the former's brother and they all attended the Detroit-Cleveland baseball game. Holly and Cathy Reid spent a few days last week with their grandparents Mr. & Mrs. Lorne Reid of Palmerston. Mr. & Mrs. Glenn Jeffery were Sunday guests with Mr. & Mrs. Alvin Gingerich of Zurich. A large number of people from this community attended the beef supper at the Kirkton-Woodham Community Centre last week. It was the 100th year of the UsbornefHibbert Fire Insurance Company. Cathy and Linda Allister of Grand Bend are visiting with Mr. & Mrs. William Rowcliffe. Mr. & Mrs. Case de Mooy of London called on Mr. & Mrs. Alvin Passmore, Saturday. Staffa girls return home By MRS. J. TEMPLEMAN Misses Bonnie Miller and Joanne Worden returned this past week fr om, a holiday in the west91:n provinces. Mr: VIVIrs. John Burleigh Nand family, Goderich, visited Sunday with Mr. & Mrs. Robert Norris and family. Jill Norris returning with them for a weeks holiday. Miss Darlene Templeman, Waterloo, spent the week-end with her family. Ron Finlayson, holidayed this past week with, Mark Miller. Mr. & Mrs. Bruce Balfour and Janice Sault Ste. Marie, visited for a few days with friends and relatives in the community. Miss Kathy Willard, Exeter is holidaying with her cousin, Karen Miller. Mrs. John Templeman had open house on Sunday for her daugher Geraldine who is to be married on August 7. Mrs. Bill Mahon is home after a lengthy stay, in University Hospital, London. Mrs. Jim Cross and baby soul, London are spending a few days with her parents, Mr. & Mrs. Leslie Miller. Mr. & Mrs. Russell Miller, Teresa, Gordon and Mark, Kevin Killough, Mrs. Stan Down and Roger, Mrs. Wilbur Miller and Ken, Mr. & Mrs. Arthur Kemp, were guests of Lee Miller at the pinning ceremony. at St. Paul's Anglican church Woodstock on Thursday, when she graduated from the Fanshawe School of Nursing, Woodstock Campus. Dinner guests of the graduate Friday evening at the Oxford auditorium were Mr. & Mrs. Russell Miller and Kevin Killaugh, with Mr. & Mrs. Elmer Dow, Mr. & Mrs. Ken Duncan, Mrs. Jean Carey and Roger Dow joining them later for the dance. r ilimilinilluilimililluiliffillinuillimilfilimilmilluiliffinffillluillummuunimuffillimilmimimu mminniunnwinnamammommmommum mammumunnunnnumnunnummuninumnunininununininnunmui = LI E s i Commission reviews tax proposal E By JACK RIDDELL -71 MPP Huron-Middlesex Opening new doors to small business Financial assistance Management counselling Management training Information on government programs for business MR. ALEX ROSS one of our representatives will be at GREEN FOREST MOTOR HOTEL GRAND BEND Aug. 13,1976 Between 1 and 4 p.m. 197 York St., C.N. Tower, Suite 1000 London, Ontario 434-2144 I would like to take this opport- unity to give you further informa- tion on the Government's Pro- posals for Tax Reform, in view of the fact that a Commission is conducting a series of meetings throughout the Province this sum- mer and fall to review these proposals. "All public property except residences will be subject to payments in lieu of taxes equal to full taxes at 100 per cent of market value. Public residences will be subject to payments in lieu of taxes `equivalent to full taxes at 50 per cent of market value. Public utilities will be subject to business assessment at 50 per cent of market value. "As is the present case, chur- ches, cemeteries and property held in trust for ca band or body of Indians will be exempt. All other presently exempt property will be taxed at 100 per cent of market value, except residences which will be taxed at 50 per cent of market value. "A uniform method of phasing- in the new tax system over a period of up to five years will be available to prevent abrupt tax changes. "Assessment rolls will be re- turned and enumeration will be performed every two years to coincide with local government elections, "Assessment on provincial government property will be pooled and assigned between the public and separate elementary schools in the same proportion as the taxable assessment assigned by the owners and occupants of residences. "Costs shared among munici- palities will be shared on the basis of the assessment on which taxes and payments in lieu of taxes are based. "Nyhere assessment is to be used to determine the grant to be paid to a municipality, the assessment used will be the assessment on which taxes and payments in lieu of taxes are based. The provisions of The Assess- ment Act will apply to the assess- ment of all real property in Ontario, including areas without municipal organization. "Public bodies which receive provincial grants, such as school boards, will be allowed to include their property tax payments as allowable expenses for grant purposes. "Ontario's property tax credits which relate property taxes to the ability to pay will, if necess- ary, be strengthened upon imple- mentation of the new system." Included in the Government's 'booklet on Property,Tax Reforin is a preliininaiy: analysis tif;Pi!?4- • pdsed reforms: According to this analysis, 'large tax shifts would occur if market value assessment' were introduced and applied against the 'present property tax struc- ture. This simply reflects the fact that the values of different types of properties have changed at different rates. For example, the market value of residences has increased more rapidly than the value of most business pro- perties. Also, the market value of single family residences has increased. more rapidly than the market value of multiple rental residences. And the great- est escalation in market value has occurred for vacant lands. "As reassessment has pro- gressed, the impact of potential tax shifts has been analysed by the Province. In particular, the Region of Niagara has been extensively analysed as a test area. On the basis of such an analysis the IS preceding propos- als (mentioned in this and last week's report) for changes in the property tax system have been designed to prevent tax shifts which are either undesirable or too rapid to accommodate. "The Region of Niagara con- tains most of the kinds of pro- perty that exist in Ontario, includ- ing single family residences, mul- tiple rental residences, farms, commercial, industrial and over- nment properties. Because of this, the Region has been chosen as a test area to analyse first, how market value assess- ment, using the present system of taxation, would result in large changes in property taxes for different kinds of property, and second, how the proposals for a new tax system would affect property tax distribution. in respect of farm properties In this analysis, farm resid- would. increase by $2.5 million. ences sand other farm property "The realty taxes on commer. have been arbitrarily divided and vial and industrial properties are .not assessed at market value under the present tax system been as pr increased posed. b They tax levy has would decrease by $4.4 million the amount of or 20.4 per cent. Under the taxes that local governments will proposed tax system, this de- have to pay in respect of their crease would be only $1.2 million. own property. The levy has or 5.6 per cent. also been adjusted upward to "The business tax on commer- reflect increased taxes on pro- Ciai and industrial properties vincial properties and corespond- under the present tax system ing decreases in provincial would decrease by • $2.4 million grants. or 25.0 per cent, but increase "The analysis has been based by $ .7 million or 7.3 per cent on the taxation of residences at 50 per cent of market value and under the proposed tax system. "Payments in lieu of taxes .on all other real property at 100 per cent of market value. Busi- federaloul ve chatgigoevieurlwl ver y lit tleproperty un d erth\‘,e ness assessment has been set at present tax system, but increase 50 per cent of property value. Furthermore, currently exempt $1.2 million under the proposed system which includes the taxa- government and non-government tion of previously exempt federal properties have been taxed at property. 100 per cent of market value. These "Payments in lieu of taxes and percentages have been payment of the Farm Tax Reduc- selected to obtain a distribution tion by the Province each would of property taxes in the Region of increase $ .5 million under the Niagara in keeping with the present tax system for a total proposals. These percentages increased cost to the Province of could change as further analyses $1 million. Under the proposed involving other areas of the pro- tax system, the increased cost wince are completed." to the Province is $7.2 million. Results of the analysis of the This increase is made up of $2.5 Region of Niagara are given in million in farm assistance and a detailed table, but the most $4.7 million in payments in significant features may be sum- lieu of taxes. The cost to the marised as follows: "Using the Province includes payments in present tax system along with lieu of taxes on Ontario Hydro market value assessment, taxes property. on residences would increase "Payments in lieu of taxes on $3.1 million or 7.4 per cent. municipal property would change Using the proposed tax system in very little under the present tax conjunction with market value system, but would increase $1.7 assessment, taxes on residences million under the proposed sys- decrease by $10.2 million or tens, 24.3 per cent. "Schools arc exempt from "Net taxes on farm properties property taxation under the pre-' under the present tax system sent tax system. Under the pro- would increase by $ .5 million or posed tax system. schebls would 45.5 per cent. This compares be taxed.' In Niagara, the tax on with a decrease of $ .2 million or schools would be $6.3 million. 18,2 per cent under the proposed "Taxes on previously exempt tax system. Provincial payments private property would be $4.1 million under the proposed tax system. ''Taxes on other property, which includes vacant land, would increase $2.2 million under the present tax system, as com- pared to $5,6 million under the. proposed tax system.' I -would like to stress the fact that I have made no attempt to give my own views on the Govern- ment's proposed Tax Reform. This has been quite deliberate. I felt it was important to give you the background information con- tained in the Budget papers, rather than my own view of the situation, at this time. Congratulations to WALLY'S CHINESE GARDEN Best wishes for your grand opening ancl in the future. We are happy to supply you with a variety of fine foods., DARLING'S FOOD MARKET MAIN ST., EXETER GOOD LUCK to WALLY'S CHINESE GARDEN On Your GRAND OPENING We're happy to be a supplier of groceries, frozen foods and fish products. Signet Distributors Ltd. London Branch • Telephone (519) 453-3410 1.800;265-4016 41) By MRS. RENA CALDWELL A miscellaneous shower was held at the home of Mrs. W.J. F. Bell in honour of Miss Willy Blom, bride-elect of July 31. A humorous mock wedding was presented by Mary Jane McGregor, Vicky, Pam, Sandy and Jackie Bell, Teresa Ferris, Sue Anne Finlayson, Karen Pressey and Brenda Vanneste, Teresa Ferris read the address. Prizes for the lucky cups were Won by Mrs. Bender and Mrs. Moir. A prize for the birthday nearest the bride's was won by Diane Oud' and Mrs. Harold Caldwell won the prize for having a wedding anniversary nearest the bride's wedding date,• Lunch was served by the hostesses, Tove Bell, Peggy Forrest, Eileen McLean and Betty McGregor. Sizes 1 to 6 Reg. to $15.95 Boys & Girls Suede Leather And Nylon JOGGERS 10.95 Cheryl Anne Gingerich, daughter of Mr. and 'Mrs. Stephen Ginger- ich, R.R. 2, Zurich, graduated from Conestoga College, Kitch- e'ner-VV.aterloo Hospital Nursing pivision, and was' presented with her diploma July 23. 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