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HomeMy WebLinkAboutThe Wingham Advance-Times, 1972-01-13, Page 10Page 2The Wingham Advance -Times, Thursday, January 13, 1972 Morris approves part of transmission lines Morris Townihip Council held a, special session last Wednesday afternoon in the township hall to discuss the proposed Ontario Hydro transmission line from Douglas Point to Seaforth. Also attending were John Fraser, planning analyst, Property Division, and J. Sedg- wick, right of way engineer, from iydro's head office. These men explained in detail where the proposed lines would go, crossing Morris, Hullett and McKillop townships, the possible affect on property owners along the route 'and the amount of land involved in the easement pro- cedures. In the -case of Morris, Reeve W. W. Council sets salaries The first session of West Wa- wanosh Township Council was held at the home of Clerk Mrs. Joan Armstrong last Tuesday, January 4, with all members present. The, first bylaw of 1972 naming municipal officials and setting salaries was passed, with Coun- cillors McDonald and Aitchison precepting and seconding the mo- tion respectively. The clerk will receive $1,500, treasurer $1,000, reeve $375, and councillors $325, fenceviewers will be paid $10 per day, livestock evaluators $7.00 per inspection, grader operators $2.50 per hour, wingman $2.15 per hour and casual labor rate was set at $1.90 per hour. . A bylaw giving consent for Bell Canada td place buried cables in the township was passed, also one authorizing the borrowing of up to $80,000 in 1972 to cover ex- penditures until rates are collected. • On motion by Councillors Mc- Donald and Hickey, the road accounts totalling $1,644.89 were passed for payment, also that the road superintendent be given -an added $200 per year truck allow- ance. The clerk was directed to re- turn the Official 'Plan of Huron County to the Department of Municipal Affairs advising that the township ' agreed with the plan. A severance application for the sale bf the former Fordyce School presented by W. Rintoul was approved. William J. Elston said it looked as if less than 20 property owners would be involved and that he anticipated no problems. The Hydro representatives told council they already had re- ceived approval from Mcicillop and Culross township councils and would geek the approval of Turnberry that evening. They asked that Morris pass a resolu- tion giving approval. With the assurance that trans- m,ission line erection would not interfere with present township plans, council passed a resolution approving the placing of towers .to carry the lines. It was stressed that the individual approval of all. property owners in the path of the proposed new line would have to be forthcoming. Hypnosis helps problem patients Certain emotionally disturbed dental patients, the physically handicapped and some of those allergic to local anesthetics might be helped by hypnosis in the dentist's chair. Too often, people who are aller- gic to the "freezing" needle avoid regular dental treatment due to their fear of reaction from the anesthetic. Just the thought of dental treatment keeps others away. The neglect eventually takes its toll and the patient may have t� undergo extensive restorative treatment or face the complete loss of teeth. Specially trained dentists have used hypnosis to kill pain. Also in some cases, where the source'of.a particular allergy was found to be emotional rather than physi- cal, hypnosis, has...helped the pa- tients tolerate local anesthetics and dental treatment. Some emotionally and phy- sically handicapped people have also benefitted . in. the dentist's chair through mind `relaxing and suggestions brought about by hypnosis. The patient under hyp- nosis in the chair is not asleep. He is more help to the dentist when awake. —Canadian Dental Asso- ciation.. In 1829 Matiihew . Connell cleared a corner othis•wood'con- struction general store at By- town, and opened the future capi- tal's first post office. ESTABLISHED IN 1936 We. specialize in a complete line .of FARM ,EQUIPMENT 0. McGAVIN'S FARM EQUIPMENT Sales and Service Ph. 887-6365. Brussels or. WALTON, ONT. Ph. 527=0245 Seaforth S19rrb THE CONLEY SOF-SPRA CAR WASH KEEP YOUR CAR "SALT FREE" Wash It Regularly • .FA .FOR THOSE WHO DEMAN,p the FINEST ... . LOW COST STORAGE FOR CORN — ENSILAGE -- AND HIGH MOISTURE CORN. Very pleasing appearance on any farm Also available EvenFlo Top Fill Distributors We install Roofs and Accessories DE JONG BROS. ° SILOS — ELEVATORS R. R. 2, Monkton --' Phone 347-2424 and 347-2454 REEVE WILLIAM J. Elston, standing, and Councillor Tom Miller of Morris Township discuss plan for new hydro transmission lines to cross the township with Jolla. Fraser, . hydro planning analyst, and J. Sedgwick, right-of-way engineer, from Ontario Hybro's, head office. —Advance -Times photo. E.W. council makes 1972 appointments Appointments to various, water be signed. boards and the- revision of Approval was given Snell Feed Richard Farion, 27, has been salaries and fees were the princi- and Supplies to build a restaurant appointed associate agricultural pal items of business of East Wa- on their premises and Bell representative (dairy manage- wanosh Township Council follow= Canada's application for. con- ment) for Huron County. He ing the inaugural message by sent to place buried telephone succeeds Tom Clapp who trans - Rev. John Roberts, Tuesday, cables was approved. ferrel last.fall to Dundas County. January 4. Council approved the payment Mr. . Farion's appointment Appointments for 1972 were: of the $15.00 membership fees to became effective January 1. Howard Walker, Wingham and the Ontario Good Roads Associa- Richard is a native of Vegre- District Hospital Board; Gerald tion and the Association. of On vine, Alberta, where his family Mcpoviwell, 'Robert Charter and tario Rural Municipalities, also have a mixed farming operation. Hugh Blair, -Belgrave Com- that -delegates attending. the Following graduation in 1967 munity Centre Board;- Mr. Mc- former convention be paid $75 ex- from the 'University of Alberta Dowell, Auburn Hall Board; Roy penses, plus the registration fee. where he majored in Animal Pattison and Robert Scott, Wing- Increases in the salaries of the Husbandry, .he joined the Exten- ham District Fire Committee; Si- road superintendent, clerk -tax mon Hallahan and Robert Char- collector and the treasurer were ter, Biytl District Fire Com- approved, retroactive to January mittee; Reeve Roy Pattison, 1, 1972. The first named will re- Wingham and District Planning ceive $375. per month, the clerk Board;'Mr. Charter, Blyth Union $210. per month and the latter will Cemetery Board; Messrs. Patti- receive $180 per month. First and son, McDowell and. Scott, East second operators received an in- and West 'Wawanosh Township . crease of 20 -cents per hour, mak Parks Board.. ing their hourly rates $2.60 and Fence viewers appointed were $2.40 respectively. and' laborers John Hallahan, John Armstrong, will be paid $2.10 per hour. John:Lockhart, Henry Pattison, It was agreed that the collec- Phillip Dawson and George Mc -1 ' tion of taxes remain at one pay- -Gee with remuneration set at ment per year with penalty and $7.00 per viewing, plus 10 cents interest to remain the same. The per mile. Robert Marshall -'was annual fee for the reeve remain appointed representpive to the at -$500 andffrn'eouncillors at $350, sion Branch, Ontario Department Blyth ° Municipal Recreation ,Road • accounts totalling of Agriculture &' Food in North Committee and Robert Carter; $2; 9.17and general -accounts of Simcoe at Elmvale. Charles Smith; Athol Bruce and_ ..:$1,531.44 were approved for pay He has just .'completed ..his John -A. Currie as pound keepers. merit. . . . Master of- Science degree in Livestock evaluators will re- Farm Business- r Management ceive a minimum, of $5.00 plus from the University.:of Guelph. Richard Farion is Assoc. ag. rep. for Huron County • . ' RICHARD -FARION $2.00 per hour after the first hour, also mileage allowance of 10 cents per mile. - 'A motion by Simon Hallahan and Gerald McDowell -that East tWawanosh' donate $250. towards the cost of painting. Blyth arena .. was passed. Robert Scott and Mr. McDowell presented- a motion that the Mutual Fire Aid agree- ment with Lucknow and Tees- , THROW AWAY AGE At 16 million tons a year, On- tario's refuse . problemt has, reached crisis proportions reports the Canadian Consumer, official publication ,of the Con- sumers"' Association of Canada. North American tonnage of solid waste has doubled since 1920. Engineers estimate it will double again in 20 years. - ,Mrs. Farion is associated with the Home Economics program'It the Centralia College- where she teaches textiles. They are active in sports, especially skiing. They have 'a nine month old son; Shawn. Richard is looking forward to meeting' and working with fano families in Huron 'County. • What is 'fair' rate of interest? When a Consumer wants credit, he expects to pay something for it. • The charge, usually called "interest" is included in : the monthly payment.. When the credit is paid..in full,'the interest will be fully paid. The question of what is a `Mair charge for credit" has at ; least four answers -=-one each for four interested patties in the credit transaction. These are the con- sumer, the investor, the . financte company and political interest. For the first,three, what is "fair"' depends upon the difference be- tween the cost and the benefit of the credit arrangement, ,as seen from their three points of view. For the fourth, "political inter- ests" refers to the politician's view of the general , feelings his voting populatiotj has towards what they think is a fair charge, for credit. a - First, there is the consumer. He wants the credit. He needs to know how much the credit will cost. The laws of all provinces re- quire the cost to be expressed both in dollar terms and as a rate of interest. So consumers can see in their credit contract what the cost of the credit is going to be. The consumer wants.the credit in order to pay for something else. Therefore, the n_ ext step is for him to decide ' whether having that something else now is worth the extra amount the credit will cost The difference between the cost to be incurred and the benefit of the something else largely deter- mines what the consumer thinks is a fair charge for credit. He thinks in terms of cost to him and value to him "Value to him" usually in- volves more than just dollars and cents. For instance, he may want to leave his investments undis- turbed so that his hopes of mak- ing money on them nay he ful- filled. Or value to him may in- volve emotions, such as his dis-' Comfort when his cash balances fall too low. Or it • may involve convenience—getting the, use of the goods while they are being paid for. 1, Thus value versus cost, each of them measured in the consum- er's terms., determine the fair- ness of the credit charge. Cer- tainly, if . the cost exceeds the value, it is "not .fail'.' from his point of view. Money for the operation of con-, sumer- c'redit com-panies comes from a number of sources and each of them requires a "fair" return, on, their investment. In 1968 (latest statistics available) •the Federated Cduneil of Sales Finance Companies listed major investors in sales finance com- panies. Insurance companies in- vested $310.7 million; -chartered banks, $131.4 million: trust com- panies, .$158.3 million; invest- ment dealers and other financial institutions, $273.1 rnillion; and non-financial corporations. $3(,)9.0. million. The total of this accoun- ted for approxim=ately 90 per cent of all debt investments in sales fi- nance companies. These investors 4he corpora- tions, the banks, the trust corn- • panies, etc.'-- seek a reasonable ret urn on Their investments rela- tive to alternative invest Merits they might make. in 14e case of insurance companies, tile earn- ings •they''make on their invest - merits in•finarice companies, help to offset the cost of providing in- surance. in the case of hanks and trust companies, the interest they earn allow.; them to pay• higher interest rates to their depositors. The position of the finance corn pa ny is •simila'r to that of the consumer. It wants the investors' money to use in the operation of the business. Therefore, there must- be suffici-enc margin to cover costs of operations and pro • duce a fair return to investors. Thep, as ' eonsumers seek a "profit" from their operations after expenses (interest on bor- rowed funds, rent, , personnel, etc.) . So, for each of the first three in- terested parties, a . cost -benefit analysis precedes the judgement, And the "fairness" of the rates, of interest charged or earned by the parties are. evident in their agreements to transact business together. The .political. 'interest is ex= ((pressed in the laws which regu- late maximum -charges for credit. Credit institutions are 'carefully watched by all levels of government. Regulation of con- sumer- credit • rates in Canada originated in 1906 with the Money Lenders' Act. In 1939, the Small Loans Act outlined more com- plete legislation. This act is pres- ently being revised. ' Consumer credit charges by hanks were legislated in the Bank Act until 1967 when revisions si- multaneously freed' the banks of rate restrictions, and required disclosure of credit charges as an annual rate of interest. Also be- ginning in 1967, the disclosure in a presented manner oL annual rates of interest. (and dollar costs) for consumer credit was made compulsory by provincial statutes. Weekly euchre BELGRAVE — There were eleven tables played at the weekly euchre last` Wednesday '•vening. High lady was Mrs. Mae, Dey- el l ; high man, William Taylor; low•lady, Mrs. Jack Anderson; low man, Gordon Higgins; novelty ladies, Mrs. Robert Higgins and Mrs, Percy Adams; novelty men, Gene Porter .and (.eorge Brewer . Hospital personnel wages raised 63% in OTTAWA — Pay rates for most non -supervisory hospital per- sonnel increased on average by 63 per cent in the period 1962-69 according ,to a report released by National Health and Welfare Minister John Munro. "Salaries and wages in Cana- dian Hospitals 1962 to 1970", a study by the Research andStatis- tics Directorate of tri Depart- ment, notes that percentage changes in the period to 1969 tended to be greater for female than for male employees and for loyver paid rather than for the higher paid occupatiors. During -the period the percentage increase in pay rates in hospitals exceeded the in- crease. in' all other industrial groups but one. While this may not necessarily signify a "cat- ching -up" of hospital pay rates in absolute dollar terms, it does in- dicate that hospital personnel were better paid in 1969 than in 1962 relative to other workers. The highest rates were paid in British Columbia, the lowest in the Atlantic provinces. Percen- tage ingreases' in the Atlantic provinces, -however, were among the highest in the country, in- dicating a "catching -up" process from •the relatively lower rates prevailing at the beginning of the decade. A comparison of pay rates for hospital non -treatment personnel HighI ann seven years with those of reasonably similar occupations in other industries shows that hospital rates generally compare quite favorably. Hospital rates were usually the highest from among the service industries, subject to a few exNeptions in some provinces. Hospital rates tended to compare less favorably with those in the non -service in- dustries. Nevertheless, they fell within the normal range of oc- cupational rates, being below the highest rates but above the lowest rates in most instances. No meanie ful comparisons ..of pay rates fot nurses were obain- able owing to the lack o employ- ment of the profession in signifi- cant numbers outside of hospi- tals. " It is suggest6ii that most hospi- tal employees,have improved their bargaining position during the decade as result, partly, from unionization and sympathetic public opinion. Standard hours of work per week in hospitals declined in the 1960's, with about 40 per cent of 'nurses now working less than 40 hours. Home owners can now reduce payments BY AS MUCH AS HALF You as a home owner are now eligible for a low cost second or third mortgage loan from $2,000 to $25.,000 at reduced monthly payments. Find out how a low cost home owner -loan can pay all your bills, give you additional cash if required and at the same time reduce your monthly payments by as much as half. Find out how easy it is to get your loan approved . within, 24 hours. You tan call to 10 p.m. today for helpful courteous service. Prompt Investment Corp., Ltd.• 330 Bay -St., Toronto. Call collect 366- 9586, evenings 231-8146. fights of our ual report Company Funds Guaranteed Funds Estates, Trusts and Agencies Total Assets under Administration Mortgages Guaranteed Investment ('ertificates - Trust: Deposits 1971 30,268,000 510,504,000. 66,505,000 607,277,000 1970 $ 26,057,000 , 415,950,000 58,276,000 438,109,00(1 391,170,000 119,334,000 ,500,284,000 352,097,000 • 319,864,000 . 96,085,900 .* Net profit for the year ` • 3,520,000 , 2,543,000 * Earnings per common share ° 2.34 1.64 • 'Net profit includes the Company's 98' , • equity in the earnings of its subsidiary, 'fhe Lam -bion Loan and fnvestment ('ompany;, and compares. with the restated 19.70 net profit of $2;543,939. VG VICTRi4 and GREY TRUST COMPANY SINCE 1889 . BeYleville . Brampton • Carinington . Exeter • Goderich • Guelph • Hanover • Kingston • Lindsay • Listowel • Meaford • Newmarket • Orangeville Oti.11ia Owen Sound • Peterborough . Port Credit - Renfrew • Richmond Hill • St. Marys • Stratford : Toro=nto (5) • Whitby A BETTER (ISED '71 FORD Custom 500 2 -Door Hard- ' top, V8 auto., power steering and brakes '71 TORINO 2 -Door Hardtop, 8 auto., power'stearing an'd'' brakes '70 CHEV. 4 -Door, V8, auto. - '70 FQRD Custom 500 2 -Door Hard- -top, V8, auto., radio, power steering and brakes '7Q MERCURY" Marquis 4 -Door Hard- ' top, one owner, fully equipped - '69 FORD '/z --Ton, 6 cylinder, heavy duty equipped '69 FORD 9 -Passenger Station Wagon fully equipped '69 FORD custom 4 -Door, 8 auto., radio, power steering '69 Meteor 4 -Door, V-8 auto. and radio. '68 -MUSTANG T.T., V8, 4 speed transmission, radio '68 FORD aL.T.D..4-Door Hardtop, fully equipped ° I '68 DODGE Half Ton '66 FORD Galaxie 500 2 -Door Hard- top, power steering and brakes, V-8 automatic '65 FORD F-700 chassis and cab,.V-8 5 speed transmission, 2 speed • axle, heavy duty equipped WINGHAM PHONE 357-3460 BRUSSELS PHONE .887-6249,