HomeMy WebLinkAboutThe Goderich Signal-Star, 1961-04-27, Page 6ra
Ole ,1pderieb Signal -Stark Thar .ay, April 27, 1961
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WN FINANCIAL
STATEMENT
AUDI'TOR'S REPORT
;Ile Mayor, Members of ,Council and Ratepayers
the Corporation of the Town of Goderich
xtyrtlel;ioii, Ontario
lentlomen;
,r.:x1T1+;x:oilYWS:.£AQr:lU,XC C'4gper '
audited'•the atefarr-'rnd ..a.
records of tli "T6O
Goderieh for the „year ended peeember Y 31, 1960 and have
trapanying this Report.
Operations
The operations for the year resulted in a surplus of
513,201.07 after prpviding for 1959's deficit of $2,376.48.
Presented herewith is a condensed, . comparative state-
" nent of Revenue and Expenditure for the three years ended
►ecember 31, 1960, 1959 and 1958.
. Year ended December' 31
1Revenue. 1964 . 1959 1958
• axation $ 511,958.76 462,090.79 383,685.76
t
e'benture debt charges
recoverable
attributions, grants and
subsidies
ounty of Huron rebates
'censes and permits .....
n_ eyest and
tax penalties
t+her revenues
iscellaneous
Expenditure
General government
Protection to persons and
r.a.' :. property
Public works, roads and
streets
Sapitatian and waste
F@ oval
9f}ge1i/atipn of health
Social Welfare
Education
Recreation and community
service -
Debenture debt charges
Discount for taxes
Taxes written off by court
52,196.61 41,550.51 42,220.00.
78,796.60 68,802.64 83,718.88
20,25851 17,590.79 14,897.54
2,823.75 .3,60L62 3,516.75
3,495.71 3,129.18 3,191.49,
14,012.00 31,474.87 7,946.05.
3,122.91 6,913.99 3,441.54
$ 686,664.85 635,154.39 542,618.01
of
1:13Vi®lon 375.26
edhtlty rates 83,100.01
Provision for deferred revenue
Capital expenditure out
, of current revenue ..:. .: 6,474:84' 71,154.64 -. 3,062.56
_-____. Deficit of _prior year r
. provided' for 2,375.48 . 4,216.93
�..
- - $ ,673,463.78 637;529.87 546,834.94
Surplus or deficit for year $ 13,201.07 2,375.48' "- 4,216.93
37,151.79 36,098.55 28,842.49
60,486.87 51,966.51, 47,614.74
78300.18 51,400.89 89,182.60
15,661.54
2,065.92
15,059.11
300,818,41
63,005.01
97,564.28
2,525.08
New Potato , Product
Has Begin Developed
The door to increased Can- bergs led a scientific team to
adian manufacture of processedflrL...pLaee. in. the research of
potatoes --and' possibly greater infrared' heat for blanching
use 0of the Canadian -grown fruits and vegetables prior to
potato --has been opened by a freezing and canning.
Canada Department of Agricul- Agriculture Minister Alvin
ture researcher. Hamiltonp*d public tribute .l,o
T'lant Researe institute at O't- oJ~ th recent meeting ,of the
tawa has developed a process Canadian Horticultural CQUncil
or making instant mashed pota- =ITh raid+thewins t '' ttF1ic'lt:ato "'
toes of such high quali y that cess oh which patents have been
it is claimed ti'ie. taste cannot filed will likely be known as the
be distinguished from the mash- Asselbergs porcess. "It is a
ed potato produced with much compact product resembling a
labor by the housewife in her powder or crystal and both our
kitchen. own and independent appraisals
Patents have been applied for of it, based on production on a
by the government. Manufac- laboratory scale, indicate that it
turers in Canada, the United makes a very good quality in -
Kingdom who have sampled the stant mashed potato... I think
product have shown great inter- it is fair to say that it is one in
est and it is likely that the a long series of contributions
packaged product will be for which our research workers
sale in retail stores by the fall have made to Canadian agricul-
of, 1961. ture."
Only a year ago Dr. Asset- Dr. Asselbergs used a stand -
13,354.62 12,731.32 _ _
2,274.70 5,319.45
9,687.34 6,401.84
174,928.80 131,205.55
53,982.82 54,193.96
82,570.53 8573.30
2,579:86 2,77.39
2,270:12 1,543.30
81,00 .56 7.6,733.77
2,652.67
The operations oil the other Boards and Commissions •were
as follows for, 1960. w
Public .Utilities Commission:
Water Supply System—surplus $ 3,789.54
Hydro—surplus 56,965.76
Goderieh •District Collegiate Institute Board—deficit 7,871.26
Goderieh Public 'School Board—surplus 17,719.61
Godericb. Separate. School Board—surplus 2,096.69
Maitland Cemetery Board—surplus 1,062.60
Maitland Cemetery Perpetual Care
Account—surplus 321.22
Goderieh Public Library—deficit 897.80
-Goderich ,, Arena Commission—surplus 14,054.47
General
No payments were made to the Boards and the County of
Huron for their share of taxes added to the Collectors Roll
after January 1, 1960. t.
Auditor's Opinion
•
Subject to the foregoing qualifications, 1 •hereby report that
in my opinion:
(1) The financial transactions which 'have come under my
notice have been within the powers of the municipality.
(2) The audit has been conducted in accordance with the
instructions of the Department of Municipal Affairs.
(3) . The financial statements present fairly the financial
' position of the municipality as at December 31, 1960
and the results of its operations for theyear ended on'
that date.
A. M. HARPER
Date' of filing, April. 3, 1961 License Number 1909
The Town's complete financial statement, in booklet 'form,
maybe obtained by applyifg at the Town Clerk's Office,
West Street.
OUR NEW . DINING ROOM
will be open . daily from
5 to 8 p.m.
Reservations accepted by telephone for
Wedding Receptions -- Banquets, etc.
MEADOW BROOK
,RESTA�URAN'T
TELEPHONE JA 4.77'91
Bayfield Road -- Goderieh -- 1 mile South of Town
1
rivhen trading .cars.,.
PLAY IT
SAF i
in times like these, you'll want to be extra sure that
you're getting financing you can afford. Whether
you're buying a new or used.car, or any other major
item, get all the figures you need from the dealer
—then stop in at the credit union. Let the treasurer
help you work out the deal that's best for you... o
GODERICH COMMUNITY.
.CREDIT UNION LIMITED
27 SOUTH STREET
JA 4-7931
arddrtun drier, .designed fgrlgn Daylight Saving time.
making powdered Talk, to coo• The W.A. will meet on Wed -
vert the 'liotato into the crystal nesday, May 3rd,
form, ready for use in the kit- Mrs. Alice East, Goderieh,
chert. Potatoes are peeled, die- spent a week -end recently with
Mrs
ed, boiled, mashed and passed . Phyllis Harrison and aim
between the steam - heated
drums. Similar products have
been- -imported in iucreasin
quantities into Canada. In the
home the addition of hot water
and milk converts the crystals—
in some brands they are flakes
g
is
J J
azin e
Mrs. P. Saidak and Hugh Ham-
ilton w:e e,ix, Asselbergs' ..aa8iste
tfi `on this •project'. Similar
products 'are being imported in
increasing quantities into Can-
ada and some are made in this
country. The freedom of Can-
adian .firms to make instant
mashed potatoes is, however, re-
stricted by patent control of the
other processes available. It
was important, said Agricul-
ture Minister Hamilton, that
Canadian potatoes should not
lose out to' imported potatoes
merely because Canadian organ-
izations did not ,have access to
a suitable proces. At the re-
quest of representatives of the
potato industry the research for
another process was undertaken
and when this was accomplish-
ed the government took the
step of patenting it. The min-
ister added that the commercial
adaptation of the process will
have to be the responsibility of
any firm to which a licence to
manufacture ,is given.
Dr. Asselbergs, somewhat sur-
prised by the enthusiasm with
which his achievement was
greeted, said he would prefer
not to comment until the pro-
duct had actually proved itself
on the market: Instant mashed
potatoes are expected to give a
boost to potato use especially
M °large establishments` where
the chores of peeling and cool
ing will be by-passed.
Economists reported to the
dominion -provincial agricultural
conference in November that
thereversal in ,per capita con-
sumption of potatoes in th Un-
ited States from a decline •o an
advance was due to the popular-
ity of processed potatoes. In
Canada the market for instant
mashed potatoes wasrstimulated
by the appearance.. in 1960 of
several new 'brands as well as
renewed, sales activity for some
of the Gilder forms of the pro-
ducts' The sharp rise in imports
of dried" potatoes into Canada
included this product.
Pre-cooked dried potato flakes
and granules (forms of instant
mashed potatoes) had been com-
ing in duty free. In the 1960-61.
'budget a duty of 17V) per cent
was imposed on imports of dry
potatoes coming in after April
1, 1960.
The' large number of manu-
facturers who have tested the
product developed by the Assel-
bergs process have had nothing
but praise for it. Potato grow-
ers are just as hopeful for its
success as it may well create a
Large market for their crops.
CUBS ON TOUR
A group of Cub- Scouts, tinder
the direction of Miss Ewart, of
Hanover, toured the Signal -Star
plant Saturday. morningP
:vf E7ct t#1.c , t;"RR,s ,,
Appleyard,
le a
r
,
Anglican Bishop of Georgian
41A.V0,51i,ho uffi ed:ri». ( erie
on April 16th, was installed. as
vice-chancellor at Renison..(
lege, University of Waterloo,
by' Bishop G. N. Luxton on Mon-
day evening.
Taylor's Corner
TAYLOR'S CORNER, April 24.
-- We welcome Mr. and Mrs.
William Snyder home from
Florida, where they had spent
the winter.
Mr. Roy Wilson and son Mer-
edith returned last week from
Tulsa,. Oklahoma. While. there
they visited his.' brother Bill,
who .has been a patient in hos-
pital -for some time.
Mr.. G. G. Newton who is a
patient in Victoria Hospital,
London', is improving slowly.
Service will beheld as usual
in Zion Church net Sunday, but
A new touring model Jritish car is on display and it is a product of
Jaguar O.rs, of ..Covell" England. ,
CONKLIN LUMBER CENTRE '
ON HIGHWAY21
BAYFIELD ROAD—SOUTH of TOWN
Supplying
BUILDING MATERIALS.'.
and HARDWARE
To Godench and Surrounding District
SALES OFFICE NOW 0
We Are Pleased
to enter the Community of Goderich
and shortly will announce our
QFFICIAL OPENING
r
PEN from 8 : a.m. to 5.30 p.m.
e
with a complete service in all lines of
BUILDING SUPPLIES
K.LI:NL1JMB E R CENTRE
Bayfield Road
God.eric.h JA 4-8321
i �.
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