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HomeMy WebLinkAboutThe Brussels Post, 1976-02-25, Page 5.t One of the fastest ways you can save money is with a "SMART" Retirement Savings Plan. Promise. But there are two more reasons why you should open a SMART Plan today. The earlier in your life you open a Plan, the more money you'll have later. The difference .is in the length of time you give your savings to collect interest. If, for instance, you started saVing $50 a month at age 25'instead of $ per triorith at age. 45, and your investment ear ned ne' 7% net interest, your retirement savings could be $128,000 instead of $51,000 at age 65.* The second reason is an even more immediate one. If you open a SMART Plan by March 1st, you can deduct your SMART contributions from your 1975 taxable income. Save Money Arid Reduce Taxes by March 1st. Get SMART at any Commerce branch near you. *the difference is the compounding effect of net interest paid semi-annually over 40 years or 20 years. retirement savings plan exp ) say tl rrn h Ls bei urea 'er To specia empi deal tion )ut to reg' ;ulatio about sev ties t e Hu l gain .,uckn ON HIS WAY TO CLOSE CLINTON HOSPITAL— Clinton Chief of Police Lloyd Westlake wal,k's beside Pro'ncial Health Minister Frank Miller as he arrived at Clinton Public Hospital Thursday morning. Mr. Miller wants the 62 bed hospital to close by. April 1 and says the closure will save $800,000. He walked through booing onlookers into the hospital. (Staff Photo) Business Management seminar planppd (Continued from Page 1) Riddell, who was at CPH when Mr. Miller arr ived, said "There are a couple of white elephant institutions in the province whose closure would save a lot more money than closing small town hospitals." The MPPsaid the effect of the Closing on the local economy would be disastrous. Mr. Miller told reporters that it was true the decision to close Clinton Public was made without looking at associated costs, the effect on the community and ' its tax base and the social costs. "But my job is health," he said, not the economy of the whole province. The minister challenged the Clinton Hospital board to come up with an alternative way of saving the $800,004 that he said closing the hospital would mean. . He said some of their arguments for keeping the ho4ital open are good ones but "geography can be argued both ways." While Clinton is at the centre of the county it is also `close to two other hospitals, Seaforth and Goderich, he said There won't be ward closings or bed reductions in any of the other hospitals in Huron, the minister said. "With this closure (CPFI) we are close to the saving in dollars that we need here." Mr. Miller acknowledged that bothClinton and Eieter hospitals were considered for possible A business management seminar primarily for people interested in small business will be held in. Listowel at the Blue Barn Motel & Restaurant on Tuesday, March 9th. Arranged by the Management Services Department of the Federal Bus- iness Development Bank, in co-operation with the Listowel Chamber of Commerce, the seminar will be one of several hundred conducted by the Bank in smaller cities and towns across Canada. Some 25 to 30 people interested in business are expected to attend the seminar which will consider - Case Study "C" Personnel administration, effective-managethent of human resources, financial statements, closing. He said he was aware of the impact of his decision "but if it was not this one, it had to be another." Mrs. Menzies said the minister did not answer questions about why Clinton will be closed instead of Exeter. "It's not what's good for Clinton but what's good for the whole county," that has to be considered, he said. Health authorities would have had to close 80 beds in hospitals across the county to make the same management controls, cost controls and analysing adminis- trative problems. The FBDB, which was established in 1944 as a subsidiary of the Bank of Canada, makes loans to businesses of all types for a variety of purposes. Almost half of the r4iflieS loans are. for $25,000 or less a'nd the Bank is especially interested in assisting smaller businesses. The Management Services Department • of the Bank publishes a series of pamphlets on small business management, provides information on Federal assistance programs available to businesses, organizes manage- ment seminars and in other ways tries to help business people to improve their management skills. saving that comes from closing 62 beds in Clinton, the minister said. Mr. Miller said hospitals and community representatives could appeal to him and Premier William DAvis. "What are, the chances of Clinton staying open?" he was asked. "Not high", the minister replied. The hospital building would become "an assets of the community" and could be used for chronic care, if there is a need (Continued on Page 16) ng to unici ithorit re Alarms Ki end ing kshfi athor usly Hu aded 'opos join paliti er it Val uority vill s mur Second Huron hospital to close Think about retiring by Iiilarchist. CANADIAN IMPERIAL BANK OF COMMERCE, THE BRUSSELS POST„, FEBRUARY 25 1976