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Home My WebLink AboutThe Goderich Signal-Star, 1967-01-19, Page 116 DHSS . Elects Newcombe CLINTON .-- At the inaugural meetingof the Central Huron 5 epondary $ cheOLl3oard last week ry Waiter Newcombe was reelected chairman 'and Rebext Elliott, v i c er c ha it n'.l!an r. . • Committees. appointed:. • 0, Study and welfare, Mr.. Elliott, chairman; Robert . Corbett, Flt: Lt. Richard Allan, John Lavis, Donald':Young,,;cf 131ythf and Keith Tyndall, It, R.. 4'Clinton, ' Property., Robert Peck, R. R, 1 4'iZlif' ch, chairmen; n; George Clif. ton, R. R. 3 Kippen George Fal. eoher, Brucefield; Iobert Mgr. shall, R, R. 3, Blythi and George Bellahamber, "Hjayfield, Finance, Norman . •eounter,, 'chairman; Fit. Lt. Allan and Mr. Levis, • Transportation; Mr` Clifton,- ,-chairman; Mr. Elliott, Mr. Fal- coner, Mr. . Marshall, George Peck and Ross Lovett.. , Ways and means, Mr. Eliott, chairtn;. Fit. Lt., Allan, And Principal Robert Homuth. Robert Corbett' is in gharge of cadets and- business -admin. • istrator for 1967 his L. R. Mal. ,Aney otbayfield. Mr. Bellehamber is the only nevti member on the 14 than board, He replaced Mrs. Leroy, Poth who 'resigned after .serving two years. " . Mr. Homuth said .enroll ent at the school Deo'. 31 stolbd at 1,046 a drop of 14 from Nov: ember. "- Dr. Care Bice, London Art Gallery curator, will be speaker at the bo''.rd.staff dinner tonight The traditional argument of builders, and developers that tight money prevents the building of, • houses because no money able, should not be taken literally` the president of Victoria and Grey ,Trust Co. told 'the .por pony's annual meeting, l qWhat. they •raeari is .t1 ;t 'there is , money available• an their terms," said Walter Harris; Q,C. `'This company has loaned'more hmoneyeid,on residences.: this pant year than in. any previous. year," " Builders `` -expec terest rates on new houses 'be- '. cause they are new, but are re. luctant to pay a p oportionate inerease when ''inter 't rates In- crease generally Mr. Ha-r-ri-s-,- said. He said interest rates reflect economic' conditions and govern. ment policy. "Our Mortgage loan:, ing rate reflects almost precisely the change in supply and demand for 'money based on the govern. ment rate," Mr. Harris explain. ed. special in, New look for export block cheddar cheese comes with the New .(ear; Claudette ' Jantzik, of CDA" in Ottawa shows distinctive wrapping with the design which must, appear oh rindless block cheddar produced dor export. \. Water inter'uptioi Remains Mystery CLINTON.- Cause of a five. hour disruption in water supply here Jan. ;8 remains a mystery following report ' there was no at the school. --- ---- ear-th--tr-e.mor -i-n-the area. - ° The mystery deepened 'with increasing reports to J, E. Rands, Public Utilities Commission sup- erintendent, of unexplained rumb. ling. noises in the area early that morning. • It had been speculated an under- ground rock fall may have curtail. ed water. reaching the under. ground pipesof the td vn's three Mrs. McKee Hosts W/VAS The Free MethodistW,y;Swas held tri\the home of Mrs. Edwina McKee, . The President_ Vera Clarke' opened the meeting with a „hymn followed by a prayer by Mrs:'lvIc. Brinf. The scripture was read by Mrs. •Lawson;;Some reports were read and- a penny was given for each letter in everyones ',tame to go .:toward a entennial+ oject------'- - - Lilly Blanchard spoke from the stitdy book, on the life'•of Jonah. Man of Adventure who had to deal with the unexpected; . Rev: Warr showed scene slides on his interesting work in Braz-il. also some curios. 'A. -hymn was sung y(y!and Rev. Warr, closed with well pumps:- The umps:`The pumps produced about one.... quarter of their normal flow. of T"almost -five hours .beginning ' about 8 a.m. Sunday. The level in the Ytown's'reservoir and water tower was drained "dangerously .low." ., Dr. Robert Mereu, a'university of Western Ontario geophysicist,. said an a camination of siesmo= -graph tapes shdwed'no tremor oc- curred in the Ontario area Sun. day. • He said a tremor severe enough to disrupt undergroun water flow - would almost certainly 'have_ "registered. He said such rb,ok falls are rare to Ontario. • Mr. Rands remembers .being -awakened by a loud noise; ',like'' farroff thunder," sometime dur- ing the night; ite said , hedid not investigate and did not recall the incident untilit was speculat. -ed-an-earthquake may have caused the water crisis. Oscar-Prie_stap of 20 Dunlop St. reported he was awakened '"sometime after midnight" by such a loud noise he went to the porch to see if children • were _stealing 'Troth' his milk bottles. • Clarence Freeman, a member of a department of highway crew stationed on Highway 8, west of town, said he and other crew metaber s ran outside because the noise was so loud. Dr. *Mereutr said if a noise as loud as this had been from an earthtremor, people would have - : been shaken from their ---beds throughout Clinton. • • PUC officials are planning_ to Aldi two' of -the pumps frOtp jtlie wells 'oto see if -they are me. chanically fit, They are keeping thein fingers ,crossed hoping the., drop- in „water -supply does not -- Dean the wells'will have to be deepenedor re.drilled. Dr. Mereu said he would re. r- check the tapes in light of reports of the noise. oset Home need fixing tip? DO IT NOW with HFC cash! Making home improve,' ments during the, winter is a smart investment: V�h Materials ai e -in-- --- stock . labor is avail- able ... off-season prices are lowand you'll in— crease your home's value. An HFC House-. holder's_ Loan can pro- vide you with up to. $5000 to pay for repair- ing remodeling or re- decorating your home.. Then, as you enjoy the new beauty of your.. home, • you repay HFC conveniently, as shown. in the table. r^r;,t 1,1 li ll C AMO.0 Pili OF .. LOAN $ 100 300 550 1000 1600 2500 3000 4000 5000 MONTHLY PAYM.ENT_P�I.ANS .60 48 36 30 20 11 months ( months $ . 1$ 73.35 88.02 101.01 117.37. 126.26 446.71 months months A-$7.7_ 2333- 41.45 57.72 90.18 108.22 144:30 180.37 months months $6,12 18.35 32,86 58.11 $9A6 25737 51,24 91.56 Above p ymapts include principal and interest and are based on prompt repayment, but -do not includethe cost of Itle insurante Ask about cre it,titeinsurance on- loans at low group rates UUSEHOW- FINANC GODERICH --35-A West -Street - Bleph-one:.524-7383..: (obove the Signal Star) ' 1s/ (.trout 0/0 r'l'cnill,1 • /3011rA . r"Itrest 'rites were higher .it,1966 than .sincetheOirst World war4 Tliere is little - likelihood' they will' higher, .and if. pre, sent, condltidns continue ex re� PC reduction in rates in the Bear, • fuse." w Mr. Harris spoke of th .Fol: Posed amendments .to thBank Act which;,' ,banks - are. seeking t4 make them more .competitive .' with gust.' and • loan •.companies lid allowing higher interest rates a.on deposits. The banks have said they will invest in mortgages. a If thiswere' all, it might be •reasona:bler" ,Mr..Harris said. "put the pre'. posed amendments to the Dank • A.ct,made ,it quite l ;that ithe hs don't Intend to Inv'est*aldlt, conal Slepostt• oneyt. ln" 41*t,. PO*, 'ratil‘r they have asked for, and are getting the 4igllt to `issue . term ,debentur,es to use pr mort* ,gage loan ing!' p Both Mr. Harris'uxtd kl'« J. ,Mc -k, Laughlin, chairman "of ;the boarc4. spoke of the..196 . merger of Yto,. toric -and Grey with British M©rt, gage. a ,lid"`frust C o. after the oo11e , apse of, Atlantic Acceptance ;thut• 'carried British Mortgage vtitli..it. Mr. ,McLaughlin saw a"•benet' in the merger, s'The guaranteed fund department with assets of over $250,000,0p.0 its -our main department --with nearly three. 'quarters of our .>sets. frWliere losses .occur in this departrnen4, they' 'ttabsorbed s, >to :-More than .56- per, cent by reduction n corpb tion *ea., is -here.. tat We stand, verypro• per`!, to- $ubstantIaiben+ fits .. from ',Om xn erge. of September -,. � Mr. Harris. assured the ing.'' that dlffinu1tieewhichl' bane since arisen in other, competes, had no coanectiorl..With -etcher; AA; tlantic> or British . Mortgage ' Mr, 'Ha ris Px i tat fiationary arenas .have :stabl ized.. and government," aptfon may be`"; necessary to stimulate . the economy in the corrin"g.. y .i FROM OUR 4 P e ANNUAL REPORT s jompany Funds ' ;Guarpnteed Funds „ Estates, Trusts & Agencies otol Assets Under Administration Guoro'nteed investment Certifi aces -Trust. Deposits Profit before taxes 'Income Taxes Net Profit for the Year • 1966' $ '21,393,455 255,171,57-8 38,640,75- 415,2C5,,608 8,64c,75 315,20,608 1965 $ .,14,277„249 237,212,834..:.: 38,299,20Q 289 789,7183 $189,050,884 $176,030,956 66,120,694 " 61 181,878 $ 2,899,865. 1353,628 1,546,238 $ 2,007,007 . 823,09. 1,183,908. • bead Office: LINLGA z — Belleville •Iir rn,,t,-,:, Car:rt:_,t ,r :'_;•; ^r - Han ver }(Int: -.2.4n L.,ndsi y L.istow•ei Aleaf,:rd ,•. Oral ii .ej•ect :Sound l`.eiernoraugh Fort Credit .Richmond 14il1 ' St, ,Mat:vs Stratford Toronto (5) Newmarket RCat. oe o; Whitby' People:who likt,' to lire lift, "to the frill are going for 'Po)ufac 01 •0 • real); bt way. No cqr o/f ers more a, It'draneed features Or more oI114:tallc/illg options' than Pontiac. You may personali:t' tyowl' " " Po11tlac`ii Itl1 a:Pstcrc'otape plc{rc r, air condrtioningj, power doorlocks, 0 reclining seat; tilt., steering • 11 /lccl, auto)natic crl-ri.ce control you' name it,- Pnrtrioc /,as it, o. p >F SINESS s Grande Parisiennc's standard i i&.1s: r1 195 /,p °:6!8. Optional V8s'hare horsepower ratings . of 275, 325 and 385. The twin -domed affair' is Pontiac's dual master cylinder, heart of its - new brake systct;_t,_ ._..... _ ..� 441. r Grande. Parisienne is a beg1)(tift(l autonrobilc.. and that optional ;ri)>_r/ top ptoridcs an elegant touch. Pontiac gives lou itr.turr 01 a practical price. Anil speaking at, of price, have you priced --a Pontiac lately?' :Interior'slral e nlanl' standard,- •.safer t' fi.crt-ure •, includi)Ig. then G,'li-developed (;)rcrgv-absorbing steerilrg colr(ni)r, front seat belt • retractors, padded instrument p0/Id'l alt l pa. scnger=gua' o cioorlocI, 3 on all don r's. Gam_ today's brand of action at a downrig-ht 'practical price IN FULL SWING a EVERYTHING REDUCED. -- GENUINE REDUCTIONS erx.^eab_ 0 r' ` ' . �r"► �e �� y� �r �v �r {�,� , Pofilt'aC'Gtari C PoistE'okit 8por7 Wait 1961PO-N lAa's•COMPREHENsive MYARRAN'Vrrr tl wilhtlpttBhaM�lh�l[oo 1(524tYMOlir0oeiMl��wnr,�r®ar2 iJ�'%�1"irJ�.,,('1�iIM$3wnrranty+anthepower.ttbiH. • r � .su;-r.i:sc-sst�t,._-..:>ae.. "Cq �a4r.SF-cs r ti-' f}, h4-t+Y1d #,,!!r-4ttapuiiltioiwa tltk 4-4,60 e#, -,.-:_w s,....v..,:-..r.,:. Foe bonrpIoteInformation, see your Pontiac dnalar, YOUR AUTHORIZED P't!NtIAC DEALEIi IN GODERICH