HomeMy WebLinkAboutThe Brussels Post, 1978-10-04, Page 7If your Canada Savings Bonds mature this year
Now's the time to
reinvest in new
anada Savings Bonds
Here are three easy steps to keep your money working for you.
Locate and identify
'your bonds
TWo Series of Canada Savings
Bonds mature, this Fall:
1969/70 Series (S24) maturing
November 1, 1978,
1968 Special Replacement Series
(SR) maturing October 1, 1978. '
Look for "S24" or "SR"
preceding the serial number on the
corner of your maturing bonds.
Find out the cash value
of your bonds
At maturity, every holder of "S24"
or "SR" bonds will receive the face
value shown on the bond, plus a special
cash bonus payment and any interest
payable on the bonds.
If you have any questiOns about
the value of your bonds, just ask the
people where you bank or invest.
Special arrangements
make it easy to reinvest
Simply present your "S24" and
"SR" Series Canada Savings Bonds to
your bank or other authorized
redemption agent. All the paperwork
It's 'a great way to keep your money
working for you!
Act now
There are more than 900,000
Canadians who own maturing bonds. If
you are one of them, go to your bank,
investment dealer, trust company or
credit union and make arrangements to
reinvest in the new Canada Savings
Bonds. Do it now and avoid the rush!
in connection with the redemption of
your bonds will be done for you at that
time. For "S24" bonds the transfer of
funds will take place automatically on
November 1.
In the same transaction, you can
sign up for the new 1978/79 Series
Canada Savings Bonds. You may
reinvest all proceeds from your
maturing bonds in the new Series.
Also, you may buy an additional
amount up to $30,000, the
purchase limit of the 1978/79 Series.
New Canada Savings Bonds offer you a great choice
With the new Series, you have a
choice of bonds. There's a Regular
Interest Bond that pays interest each
year. And a Compound Interest Bond
that reinvests your interest automatically,
earning interest on your interest.
The Regular Interest Bond
If you want a regular annual
income from your investment, you'll
like the Regular Interest Bond which
pays interest automatically
each November 1.
If you're like many bondholders,
you'll appreciate the direct deposit
feature. With this convenient option,
your interest is deposited directly into
your chequing or savings account.
Simply ask for it when you buy your
new bonds. Or, you can receive your
interest by cheque through the mail. '
The Compound Interest Bond
If you seek savings growth, or
an investment for the future, or a
retirement fund, you'll choose the
Compound Interest Bond which earns
interest on your interest, after the first
year, at the guaranteed annual rate of
8.90%. For example, a $100 bond will
grow to $181.74 at maturity in just
7 years.
Security and instant cash
Whichever type of bond you
choose, you will own a safe, secure
investment which can be turned into
instant cash whenever you need it
A good return
New Canada Savings Bonds are
dated November 1, 1978 and yield an
, average annual interest of 8.90% when
held to maturity in 1985. Each new bond
° earns interest of 8.50% the first year and
9% for each of the remaining 6 years.
Buying Canada Savings Bonds
has been a great Canadian tradition for
over 30 years. They're the proven, choice.
Average
Annual Interest
`to Maturity
e proven choice
TgmussnS,POT,,ocipago, 4„1978,T- 7 Declining enrolment integrates kindergarten
By Wilma Oke
Declining enrolment has forced the
integration of kindergarten pupils at St.
James School, Seaforth with a Grade 1 class.
The kindergarten class at the school has
decreased from '1.4 pupils last year to only
four pupils this year,
The Huron-Perth Roman Catholic School
Board learned Monday night that adminis-
By Wilma Oke.
A settlement was ratified Wednesday
night by the Huron-Perth County Roman
Catholic Separate School Board and its 155
teachers. '
The agreenient reached specifies an
increase in the salary grid and responsibility
allowances of 7.25 per cent. This increases
the average annual salary, including in-
crement, from$16,960 to $18,480 for the
contract year 1978-79. This represents an
trators at the Seaforth school decided to
integrate the two classes,
The teacher, Marie Ryan. has been
transferred to St. Patrick's School, Dublin,
Where she will teach half days, as she did in
Seaforth. She is teaching Grades 3 and 4 at
St, Patrick's while Margaret Rowland
ageed to cut back her workload.
"It was by mutual consent." William.
increased cost to the board of $206,700 for
the school year..
The new salary grid ranges from $9,415.
for level one teachers with no experience to
$24,960 for teachers who have attained level
seven with twelve years experience.
The new contract also. provides for an
increase in. the accumulation of sick days
from 220 to 230.
A new method haS been introduced for the
calculation of the responsibility 'allowance
paid to principals. The classroom proviSion,
formerly in effect, has been converted to a,
Eckert, director of education remarked.
The inaugural meeting date was set tor
the first Monday in. December, December 4,
due to the early elections, this year.
The twelve trustees present at the
meeting indicated their intentions as follows
for the upcoming election in November:
Donald Crowley, Gadshill, "My intentions
percentage of salary to recognize experience
and qualifications.
Clauses contained in the agreement for'
the first time include principal's tenure,
pupil-teacher ratio and transfers.
The teachers met, 125 of them, the same
night to ratify the agreement with 95 percent
voting for the pact.
Trustee Vincent Young. chief negotiator
for the board, 'and Terry ,Craig. chief
negotiator for the teachers, said they were '
pleased with the settlement and felt it was
fair to both board and teachers.
are mixed. I haven't made a decision yet.
Ronald Marcy, Stratford, "I plan to run".
David Teahen, Stratford, "I do not intend
to run for the' Huron-Perth Board",
John O'Drowsky, St. Marys, "If I can get
my in-laws to vote for, me, he said with a
grin .
Mickey Vere, Stratford, "I haven't made
up my mind yet."
Gregory Fleming, Crediton, "I plan to."
Ronald Murray, Dublin, "I intend to run
for another two years."
John O'Leary, Staffa, "Yes, I'll be
running again"
Arthur.Haid, Listowel, "I plan on coming
back:"
Keith Montgomery, Wingham, "Yes".
William Kinahan, Lucknow, "1 intend to
run."
Michael Connolly, Kippen; Vincent
Young, Goderich, and Ted Geoffrey of
Zurich were not at, the meeting Monday
night.
Because ,of Thanksgiving on October 9,
the next meeting of-the board will be held on
October-16.
HPRC teachers settle for 7 1/4 % in new contract
Gorrie
a
girl wins
award
An area student Lori Anne
Moir of Gorrie who attended
F.E. Madill Secondary
School in Wingham won a
scholarship to Wilfred
Laurier University in Waterloo.
She received a Laurier
Scholarship which went to
students •who averaged .80
per cent or better in six 5
year courses. Winners of
Laurier Scholarships are
eligible for further incentive
awards during their years at
WLU according to Horace
Braden director of placement
and student awards.
Ten Ontario students won
full-tuition scholarships to
the University this fall by
achieving a 90 per cent
average or better in six
Grade 13 (Year 5) subjects.
Each scholarship is worth a
potential $2,880.
The awards, termed Cent-
ennial Scholarships, paid the
full $720 tuition this fall and
will continue to pay tuition
each fall for the three or four
years the student is at WLU,
as long as an `A' average is
maintained.
In all the university award-
ed a total of 150 entrance
scholarships this fall in
various other amounts.
They included 10 Confed-
eration Scholarships,
awarded to students with an
85 per cent average in six
Year 5 courses. They are
worth a total of $1440 each
($720 tuition fees paid this
year with a like amount
available next fall' to those
who•maintain an 'A' average
this year.) •
In addition, 108 Laurier
Scholarships went to stu-
dents who averaged 80 per
cent or better in six Year 5
courses. Another 18 went to
Grade 12 (Year 4) students,
. including winners of the CBC
Reach for the Top TV pro-
grams on the Wingham and
Barrie stations. •
MRS. PEERCE
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