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HomeMy WebLinkAboutThe Wingham Advance-Times, 1975-01-30, Page 51` st • sw • • Committee (continued from front page), latj n that has by tbe,n decreased by 5,500 working People wil del with the $1V4 million impact). p e..ents rep Many of the individual nu elpslities will have .to, 'borrow considerable sures to finance Capital works: In such nmq t- 1 cipaklit4iss Bruce Township sad ° the Towns of Kincardine gad Walkerton, the outstanding long term debt in 107Lwas llIOh rela- BEFORE YOU SHOP THE STORES Save Time ... .Save Money ... . s .Relax In Comfort ... Compare Features Compare Prices ... Find out which nearby stores have w at you're looking for You'`ti � end: shopping in a whole'lot� easierand more fun, too. o planners Uve to Ow provhiella to b ; ent i ven. to us, as *men in MIMI eipa affairs, it is obvlousthat't cost of a power 'developing* in Huronou y ¢is out of pro t ` to any benefits, if y, 0/111% from it. And all ofd county' have to mare some of the eon even in the north part, us the county mill rate will have to be adjusted upwards. That the mill rate will rise should some a* 110 surprise, as industrial nation always increases the colt to the residential tax payer. One has only ' to ask odes cons% in the industrialized cities In oche, parts of the province how ranch they are paying in property taxes to be convinced. The pressure tQ regional government, as ev;- deneed in the Dillon Report, even if not mentioned as such, is an- other cost . factor and retnoYeil local government further from the tax payer. So far we have not mentioned the cost in food production. We will limit this at this time to the White Bean crop. Pollution caused by a fossil fuelled plant and -or by the greatly increased automobile traffic co -incidental with the construction and main- tenance of Power Plants will be almost certain to eliminate white bean production in the'countryl;. A modest increase m air -pollution will decrease the bean crop by 60 per cent, as a study done by. G. M, Weaver and H.O. Jackson (Har- row Research Station) shows. This, of course makes this crop completely u econolntcal. In 1973 this crop brought Huron CtVitY farm au IncoWe of $16,562,000. The effect of air pollution on other crops is still under study and no results are known at this point in time. One more detrimental effect of a large Power generating Plant will be the additional land re- quired for transznission lines. A fully operating Plant of the magnitude envisioned byOntario Hydro will need Power orridors of 900 feet width. While farmers have been getting grants for the removal of fence rows and stone piles, because government recognized that this would in- cr. e the efficiency of field a r . transmission lines with u.,ge towers willnullify these efforts. Our recommenda- tion is that the Development Committee of Huron County con- tinue to support our efforts to have Ontario -Hydro Power Developments establish in more remote parts of the province in order to induce industry to locate in these parts, there -by helping to develop new growth in thus far undeveloped lands. That the Development Com- mittee of Huron County direct the Planning Department to further this aim. That the Development _ Com- mittee of Huron County recommend to Huron County Council to adopt a similar policy. Respectfully submitted Adrian Vos, Chairman The Huron Power Plant Committee On Friday, St. Joseph's School of Kingsbridge brought its volley- ball teams to Winghatiz Sacred Heart School. The 7 and 8 girls defeated the Kingsbridge girls in both games. The 7 and 8 boys lost to Kingsbridge. The 5 and 6 girls. lost two games to "Kingsbridge and the boys won one out of two. Kindergarten will go • to the arena to skate -on alternate Tues- days and Wednesdays, for the next six weeks. OUR HIKE WAS FOR THE BIRDS We have been studying birds; for three weeks.OPld,vye. decided tq go fora hike tto. look,for bits. Vg• nude plans with Father Nolan to go on a hike. We prepared a list of what to wear and what to look for. On Thursday, January 23, we ifyouiiadasavingsplantliatgave you lri�nterest and let you save taxdollais, you'd call it smartaltat+s what we call it. We figure with inflation and taxes taking more �rtd more of your earnings, it's become harder just.to get by now, let alone save. That's where the Commerce SMART registered savings plan comes in. The SMART plan is really a double-barrelled savings plan. It not only gives you good compound interest rates on the money you save, but it also saves you some of the money you'd normally pay on income tax. For example, if your taxable inconie is $10,000. and you put 51,000, into SMART you'd only pay taxes on 59,000. You see, since the SMART plan is registered with the Government, the Income Tax Act lets you deduct a certain amount from your income and lets you accumulate this money tax-free until you really need it. Your accumulated savings will be treated as taxable income in the year they are paid out to you. At the Commerce we think a plan that allows you to SAVE MONEY AND REDUCE TAXES is smart. Which is why we named our plan the way we did. 1 1 1 r/ intro dil4�llg • lave Money And Reduce'hiss. How much money does it requite to start? The minimdm contribution has been set at $50. And you can contribute as often as you like. The amount you wish to save (within allowable limits) is entirely up to you. You may, if you choose, make a single lump sum deposit. Alternatively, the Commerce can make it easy for you to save systematically — regular transfers from your chequing or savings accounts can easily be arranged. What's the best age to start contributing? You can begin at any age so long as it's before your 71st birthday. In fact, the sooner you start the better. Because, how much you end up with in your Registered Savings Plan depends on how long your money has been accumulating as well as the amount you've contributed and the interest rate you earn. For instance, if you started saving $1,000. a year at age 25 and assumed an average compound interest rate of 7%, your retirement savings would amount to 8220,723. at age 65. On the other hand, if you waited until age 45 and contributed $2;000. a year °at the same 7",, compound rate, your savings would only total $89,014. even though you had contributed exactly the same amount ($40,000.). So you see, the whole idea is to let your money keep working for you as long as possible. .Can you make withdrawals from your SMART plan? While withdrawals are not permitted you may de -register your Plan. At that time, your accumulated savings will be treated as taxable in- come in the year received. However, you may use 4> your savings to purchase an annuity thereby spreading your taxes over a number of years. Is smart the plan for you? The Commerce SMART registered savings plan makes a lot of sense for just about everyone. It.doesn't matter whether you're a successful businessman, a busy working wife, a young family man, an active career girl, or someone who's just interested in a good savings plan, How can you start SMART? Come tp the SMART Information Centre located at the Commerce branch nearest you. We'll be glad to help you set up your SMART plan or give you any further information you may need. Commee A registered savings plan Sacred Heart Mailbox climbed into Mr. Belanger's and Mr. Keet's cars and into Father . Nolan's van. We were off on our adventure. We just got started when we had to return for Father's groundhog stew. Off we went again. When we were ap- proaching our destination a cer- tain van got stunk. We decided to walk. Paul Shaw, David Montgo- mery and Johnny Poels used snowshoes. Anne Kernaghan and Natalie Campeau were pulling "Tilly" the toboggan. Dennis Mc- Glynn was pulling the sled with oqr stew ori it. Tracey Fischer helped m the rear. ,,We reached the Bruce County? Conservation area at last. Father showed us Snowshoe, Jack rabbit and squirrel tracks. tie also pointed out how a porcupine eats the bark of trees. We found three bird nests. We heard and saw some chickadees. Then all of us,,saw a snowmo- bile heading right towards us. It was Mr. Dodds from Natural Re- sources. He told us about some deer tracks. .Finally it was time to eat. We roasted hot dogs and cooked Mrs. Jerry McGlynn's delicious stew: We filled a pot with snow to make tea. We also ate cookies and marshmallowA. . Then we left for home tired, but happy. . . - Written by. Grade 3 and 4 Howick Agr. Soc. sets fair dates The annual -meeting of the Howick Agricultural Society was held on January 23 in the Howick Community Centre. The minutes of the last annual meeting were read and approved. President Elmer Harding ad- dressed the meeting, thankink everyone for co-operation during the past year. He also said that, although it was not the most suc- cessful year financially, it had been one of change and challenge for all involved. The secretary gave the 1974 fin- ancial statement which was ac- cepted as read. She also reported that the provincial government had approved the fair board's ap- plication for a $25,000 grant. Pay- ment is pending. The members of the executive were returned to office to com- plete the second year of their two- year term. It was reported -that the annual- ---- .-- convention —convention is to be held at the Royal York hotel in Toronto on February 19 and 20. Mr. and Mrs. Elmer Harding, Mrs. John Mof- fat and Miss Nancy 'Brent are to attend the convention as guests of the society. The following people were named directors: Hank Winkle, William Thornton, Warren Fines, Robert Sanderson. Mr. and Mrs. Norman Harding were named honorary directors. Dates for the 1975 fair were set as October 3 and 4. The next dir- ectors' meeting is to be held Wed- nesday, February 5. Thet THE STUDENT -TEACHER BROQI, BALL at the Wingbam arena on Wednesday, January 22. The students won the Ore by a score of 1-0. "Every victim can be helped to help himself", is a maxim of ar- thritis treatment toda CURIOSITY AND FUN were the major ingredients for a fun filled afternoon as Turn- . berr Central • rade two students ex Iored a inial tracks and homes in the snow.