HomeMy WebLinkAboutTimes-Advocate, 1981-08-19, Page 11McGillivray
set new
tax penalty
Residents. of McGillivray
Township who are in arrears
of taxes will be among the
first in this area to feel the
effects of new legislation
which permits
municipalities to increase
the penalties.
The provincial govern-
ment has given
municipalities permission to
charge an interest rate of 1 Vs
percent over prime rates.
McGillivray will pass a
bylaw effective September 1
to introduce the new rates,
following a decision at their
recent meeting.
Matters pertaining to
municipal drains took up a
large portion of the session.
A representative from
Spriet Associates attended
along with Levi White,
George Prest, David Hall,
John Lee, Fred Lewis and
Jim Scott concerning the
Scott drain. A bylaw was
given two readings. Bylaws
for the Ploenes-Bunger
drain and the Blancher-
Dietricit,;drains were also
given two readings.
Tenders were opened on
the Burley drain and the
lowest tender of two was
submitted by Hodgins &
Hayter Ltd. in the amount of
$5,553. They were awarded
the contract and work is to
commence immddiately.
Later in the meeting, Mr.
Haskett, Mr. Hodgins, Levi
White. Mike O'Leary, Les
Hartle. Harvey Ross and
Jim Rowe attended regar-
ding the Gilbert -Windsor
drain. After considerable
discussion, the report was
referred back to the
engineer for some minor
changes.
Engineer Will Bartlett
attended regarding the Mud
Creek drain and an outlet for
the Wasnidge drain. Jacob
Lagerwerf was appointed to
the court of revision for the
Mud Creek drain report.
Tenders will be invited for
the Blancher -Dietrich drain,
the Scott drain and the
Ploenes-Bunger drain.
Tenders to be in by noon on
August 31, the date for the
next session of council.
Bill Green of Proctor &
Redfern attended the ses-
sien regarding the Geipel
property and the possibility
of a plan of subdivision
creating 16 estate lots.
A new backhoe was
purchased under the in-
surance coverage, with a
cost to McGillivray of $1,235.
The old one was damaged by
fire.
Building permits totalling
8111,500 were approved and
tile drain loans amounting to
$129,800 were authorized.
A bylaw approving the
issuance of $90,000 in deben-
tures to cover part of the
cost of the waterline con-
struction` was passed. The in-
terest rate on the debentures
is 161/2 percent.
Bullock
clan meets
The Bullock family
reunion was held at Ailsa
Craig Park August 3. The
weather was good and
around 60 relatives attended.
Mike and Carolyn Horner
supervised the sports
program enjoyed by all.
Races- 2-5, Carla Leyten,
Jonathan and Raymond
Ward. 6-9 years- Brian
Leyten- Laurie Leyten, 10-12
years- John Leyten, Danny
Weigand , 13 -over- Jim
Bullock, Steven Steeper,
young ladies race- Susan
Bullock, Valerie Bullock,
mens race- Bruce
McGregor, Jim Bullock,
sack races- 8 & under -
Laurie Leyten, Marcia
Daniels, sack race 13- Brian
and John Leyten, sack race
ladies- Valerie Bullock and
Janet Rock, men- Jim Rock
and Jim Bullock
Three legged- Brian and
Laurie Leyten, Jim Bullock
and Steven Steeper,
Susan Bullock and Danny
Weigand , Valerie Bullock
and Richard Marshall.
Paper plate and orange
taking relays were enjoyed
by all! Sports ended with a
candy scramble for the
children. Oldest relative
present, Carla Leyten.
Coming farthest distance,
Carman and Verna of Grand
Bend. Closest Birthday,
Wilma Bullock, closest
Wedding Anniversary, Fred
and Clara Lewis, Jelly bean
guess, Eleanor Weigand,
Button guess, Joe Bullock.
A lovely picnic . supper
followed. Officers elected for
1982, are president, Stuart
Bullock, Secretary, Susan
Bullock and Sports Com-
Mittee, Carolyn and Mike
Horner and Cathy and Jim
Hodgins.
THREE GENERATION BIRTHDAYS Mrs. Jennie Lawson
celebrated her 99th birthday recently. She is shown with her
son Gerald and grandson Peter. All three celebrate birthdays
the same day.
Hits 99 years
Sunday a 99th birthday
party was held for Mrs.
Jennie Lawson at the home
of Olive and Garnet Hicks, in
Exeter.
Those attending were
Gerald and Annie Lawson,
Peter Lawson, London,John,
Laurie and Nicholas
Lawson, London, Kathryn,
Steven, DIfvl'd- and Scott
Fulton, Stratford.
Mr. and Mrs. Harold Legg
niece and nephew, Windfall,
Indiana also spent a couple
of days with Mrs Lawson.
Mr. and Mrs. Edward
Gackstetter, Bill, Dale,
Sandra and Larry Yearley
also spent the afternoon.
Mrs. Lawson was born on
the Goshen Line, Stephen
Township then farmed in
Saskatchewan with her
husband George, who died in
1967. They returned to
Ontario in 1925. Her son
Gerald and grandson Peter
also had birthdays on the
same day.,
Rich get richer, poor get poorer
Times -Advocate, August 19, 1981
Page 1 1
High interest rates create problems
The old story of the rich
getting richer and the poor
getting poorer seems to be
more factual than ever with
the increase in interest and
mortgage rates, according
to area businessmen.
Exeter developer Len Veri
pointed out that there are
two aspects to the problem
of high interest rates. He
>w said 'that the economy suf-
fers,,, because neither the
poor nor the rich are putting
any money into it.
He used his mobile home
park as an example. Veri
said that the poor simpby
can't afford the present
mortgage rates, and
therefore they aren't buying
homes. The rich, who have
the money to buy homes,
aren't doing so because they
are leaving the money in the
banks. The people believe
that because of the high in-
terest rates they can earn
more by collecting interest
at the banks, rather than in-
vesting their money in
property or businesses.
Veri admitted that the
high interest rates have
Slowed the °development
plans for some properties
which he purchased recent-
ly. However, he added that
the economy should
straighten out soon. "I don't
know the solution, but it will
work it's way out. It has in
the past, and it will again,"
Veri said.
When asked what he would
do about the economy, Veri
said, "If I knew that I'd be
prime minister!"
Veri said that sales of
mobile homes in his park
have slowed because first
time bu ers sim i 1 can't af-
OLD WOMAN IN THE SHOE PARADES — Jenny Keech masqueraded as the Old Woman
in the Shoe in Sunday's Lucan Fair parade. Getting a free ride is Carrianne Hotson. Other
family members are Mike Keech, Della Allen and Honey -Lyn, Danny and Lisa Gibson."
photo
0 3 0
ACCOUNTANT -PUBLIC
WARD MALLETTE
Chartered Accountants
476 Main Street, S.,
Exeter, Ontario 235-0120
Resident Partner:
John S. McNeilly, C.A.
ford a home, while those
who have money and keep-
ing it in' the bank to earn in-
terest, rather than spending
it.
Exeter realtor Dirk
Coolman agrees. He says
that present mortgage rates
are putting the price of a
home out of reach to first
time buyers.
Coolman said that those
who do have the money are
reluctant to Invest it in
homes and. property right
now, because property
values aren't increasing as
fast as the interest rates
have been going up.
The reason for the lack of
increase in property values
is the fact that the market is
flooded with property for
sale. Many places aren't
sellingbecause of the high
interest rates, and some
owners are being forced to
sell because their mortgages
are coming due, and they are
afraid that they won't be
able to handle the increased
payments.
Real estate salesman for
Dirk Coolman, Paul Rohner,
points out that the same peo-
ple who could afford a ;50,-
000 home a year ago, can
now only afford a $30,000
home because of the
mortgage rates. As an ex-
. ample, Rohner said that the
monthly payments for the
$50,000 home at 12 percent
came to $540.49. But the
monthly payments for that
same home with a 21'i per-
cent mortgage- come to
$872.76.
Coolman and Rohner
pointed out that mortgage
rates increase so rapidly
that they were unable to
keep up to •date with their
small books which calculate
the monthly payments.
Coolman said that they
have been able to sell some
properties by having the
vendor take the mortgage at
a lower rate than the bank
would charge.
Hohner suggested that a
possible solution for the
problem was stabilizing the
mortgage rate at 14 percent,
and making up the
difference with a govern-
ment subsidy. Then the
government could tax the
banks and mortgage com-
panies on the profit made on
the high rates.
Despite the problem,
Coolman and Rohner are
remaining optimistic about
the future of their realestate
business. They are hoping
the economy will improve
and sales will increase. And
Hohner quotes a character
from Hee Haw, with a
laugh: "I never worry about
depression, I went broke
during the last boom."
Grand Bend realtor
Robert Sharen agrees that
the goJiernment should take
action to control mortgage
rates. He suggests that the
mortgage rates be pegged,
and similar to Hohner's
idea, the financial in-
stitutions should be taxed on
their "windfall profits."
Sharen said that two
homes have been listed with
him which he is trying to sell
on behalf of mortgage com-
panies. He said that the
owners simply turned the
homes over to the mortgage
companies when their
mortgages came due
because they couldn't handle
the increased payments.
Sharen said that he has
had many young couples who
would be first time home
owners in his office looking
at homes. "But they're just
looking, they sure as hell
can't buy," he said.
Sharen said that three
years ago, he was able to sell
a home to one out of 15 peo-
ple who came looking
through his office. Last year
he only sold to one out of 30
lookers, and this year the
ratio is even further apart.
"Listings are a dime a
dozen, but nobody's selling
many." Sharen added.
Sharen blamed Prime
Minister Trudeau for the
failing economy. "The
prime minister doesn't give
a toot about the ordinary
Jim Becker Construction
DASHWOOD 237-3526
Five Inch
Steel Seamless
Eavestroughing
Now Available
In 6 colors with all accessories
citizen. He's just trying to
make a name in perpetuity
in the constitution and the
third world," Sharen said.
Exeter area builder Jack
Taylor agrees that some of
the problems are the fault of
the government. Taylor said
that it is impossible to build
homes on "spec" with plans
to sell them.
"I don't know the
answer," Taylor said. "You
do a lot of thinking, but ap-
parently even the
economists don't have an
answer."
Taylor said that he built a
house last fall planning to
sell it. but it hasn't moved.
He didn't think any builders
in the area were 'putting up
homes on "spec", at the pre-
sent.
Taylor said that while
builders are not erecting
new homes, they are able to
keep busy doing repairs and
renovations to older homes.
He said people are up-
grading their present homes
because they can't afford to
buy new ones.
"But it's just small jobs,
not the big stuff where you
can make a dollar," Taylor
added.
Taylor said he thought that
most other tradesmen in the
Dear Mary Jane:
in two
areas
construction industry were renovations, but they would
finding the same thing. prefer to be working on new
Plumbers and electricians
are keeping busy with buildings. he said.
My Savings Plans
- Pay high interest
- Have no fees or charges
- Have unique tax -sheltering
qualities -
- Are flexible for deposits and
withdrawals.
FIND OUT - CALL ME
GEO. A. GODBOLT CLU
Devon Bldg., Exeter
235-2740
I missed you last week, you'll have to tell me all about your rafting trip.
M. J . I've lived in this area for most of my life and last week was my first trip
to St. Marys. Wow! What an interesting place, really unique and very busy As I
hadn't planned to shop when I went, I didn't take my money, so I suggest we go
there on Sat.
For starters, Earl Campbell Jewellers is having an anniversary sale. You will
be glad to know they always have 20% off their Royal Doulton figurines. It is really
an interesting store, with lots of room so clumsy people like me don't get paranoid
For their anniversary sale, there will be 15% off all stock and a daily up -to -50% off
savings table. Besides the Doulton they carry Hummel Figurines, crystal and much
much more. They have a store in Exeter too!
Another place I simply fell in love with was Marshalls, right on the Main St It
used to be the Grand Central Hotel. Three stores in one -gift, clothing and cards'n
things. I could spend hours in the gitt shop alone, and tor a tourist town, the prices
were exceptionally good. In the clothing section you can find really fine wools,
yarns, and all around lovely things. I actually did spend a fortune pn cards and
wrap in the last section. It was just so good to find such a variety that Is.bought
almost a year's supply.
Really, M. J ., this town is something else. I went next to Stonetown Antiques,
just off Main St. on Church. I have never seen a better selection of collector=plates I
was told it is the biggest in Ontario. They even have a Plate Club. Plates are a real
investment, and any I buy from now on will be from Stonetown Add to the plate
collection antique Canadiana furniture and you have a fabulous store Prices are
good too, but most important, especially to a new collector like me, is the free
advice.
For lunch, we could then go to Westover Park, on Thomas Street. You'll love
it. It's a big old home on beautiful park -like grounds, which has been turned into a
hotel, while not losing a bit of its stately grace and charm. We can have a gourmet
lunch or supper in their delightful outdoor terrace cafe. I felt like a real lady of
leisure right out of the later 1800s sitting there It was actually somewhat
therapeutic, and the food was very good as were the prices Maybe you'll be
interested in spending a weekend there this winter
Well, must rush, see you Sat Bring pictures of vour rafting trip
00 Don&
ACCOUNTANT -PUBLIC
1 r
J �
SURVEYORS
ARCHIBALD, GRAY & McKAY LTD.
ONTARIO LAND SURVEYORS
301 WELLINGTON R0. S.
LONDON, ONT. NIC 4P1
432.2293
Exeter - Coll Zenith • 45150
PETER 0. MORETON, O.L.S.
Res. 472.5452
AUCTIONEERS
Hugh Tom
FILSON and ROBSON
AUCTIONEERS
20 years' of experience
of complete sale service
Prov,noolly I,cenced
Cooduct +ales of nny kind
• any place
We guarantee you more.
To insure yuccesc 01 your sale
or appro,scl
Phone Collect
666.0833 666-1967
NORM WHITING
LICENSED AUCTIONEER
d APPRAISER
Prompt Courteous E11q.P,,,
ANY TYPE ANY Slif
ANYWHERE
We Rile complete tole sen"ce
PROFIT BY EXPERIENCE
Phone Collect
235.1964 EXETER
GERALD L. MERNER
Chartered Accountant
BUS. 257 Churchill Dr.
EXETER :15-0281
Betty
1
CERTIFIED GENERAL ACCOUNTANT
/
J �
CHIROPRACTORS
DAVID C. HANN, D.C.
Doctor of Chiroprochc
105 Main Street. Exeter
235-1535
Ar An1O'ntment Dolly f.P •'.. .1
CHIROPRACTORS
C. HARRY RODER, D.C.
NORMAN L. RODER D.C.
DOCTORS
OF CHIROPRACTIC
84 Panel Lane
STRATHROY
Telephone 245-1272
By appointment please
Gerald A. Webb
D.C.
Doctor Of
Chiropractic
438 MAIN ST.
EXETER
By Appointment
Phone 235-1680
JOSEPH F. DARLING
CERTIPIED GENRE AL ACCOUNTANT
TEL. If 10-296-22ON
THE OLD TOWN HALL
A22 MAIN STREET
EXETER, ONTARIO
NOM few
INSURANCE
i
Bev. Morgan Insurance Agency Ltd.
238 Main Street. Eteter
'VOM ISO Ontario
235-2544
Complete Insurance Coverage
OFFICE SUPPLIES
SEE US FOR A
FULL LINE OF
Office Supplies
Furniture &
Equipment
LIVINGSTONE'S
Downtown Exeter
)
1
This space
could be yours
Phone
The Times Advocate
Exeter 235.1331
for details
BARRISTERS & SOLICITORS
T
CAREY & OTTEWELL
BARRISTERS & SOLICITORS
Main St. Zurich, P.O. Box 208
Office Hours Mon. - Fri. 1-5 p.m.
RESIDENT PARTNER J. RICHARD OTTEWELL
Ph. 236-4312 Res. 524-4653
1
INSURANCE
i
l
le nrjr • � .
/!!!.
Yn lwfn?WV .--X,n��1
TE 11('141011
15191 2 1211
'41 MAIN S1 Ht 1 1
1X% 1111 ONTAtIl()
1' O Brio( It,(x)
NOM ISO
INSURANCE
S.C. PEARSON
Insurance Agency
Inc.
33 Huron St. East
Exeter, Ontario
GENERAL INSURANCE
But. 235.1455
Res. 235.0357
Box 1769
NOM 1S0
Realty
Insurance Inc.
235 2420
238 8484
4829747
fXETER
(-IRAN() BF NO
1INTON
C•or`E PI4 "
Appraisals
Mortgages
Life Insurance
Trust Certificates
•