The Goderich Signal-Star, 1967-11-23, Page 17• Early in NOYeMber, the La.
boa COIMei,1 get, a letter frOM
the Gederlch Business *We
44800Clatien asking that.Labour
participate In the Christinaw
Parade to be held on Dezember
tho s'eeond.
. We took '.119:follOwieg sXottoo;
With her consent we put Miss
Union Maid (Geraldine beddy)
at their diepesal, wrote a letv
ter to each of our member
. onions asking them to enter
oat in this parade and pro.
oteded with plans to enter a •
'float sponsored by the Labour
Council.
This Statement is neither
bragging nor complaining. What
the various locals in Goderich
wily' do by , way of response
can't be determined at the time
this is being written. -However
• it is to be hoped that Labour
will be as whole hearted in
their response to the business
men as , the business men were
in response toour asking them
to participate on Labour Day.
Those o1 is who were on
the central planning committee
for Labour Day were left with
a prbtty good taste in our
mouths. Labour planned it; but
Goderich participated.' We hope
the Goderich Busin,ess Menwill
be happy with the extent of
our effort to help them in this
case.
Which:brings us to the real
theme of this piece; participa.
tion and co-operation between
•
'its* Goderld
all groups and bodies
Goderich • for the good of 41.
Whether you belong to a large
-gecoup such as organized labour
with its hundreds of members
or to a trreupwitlitelynembers.
Goderich is still home to us.
A;wthing and everything that's,
done or not done snakes our
home abetter or worseplace
to live. None of us woulddreain
of lust bringing ourpay cheques
home, throwing them on the kit.
chen table and loaving itat that.
The groceries have tobe bought,'
the kids clothes have .to
be bOught, painting and house
cleaning -have to be done; every
member of the family has to
Participate and. eo.operate to
keep the home running.
The same thing applies to our
home town. Just paying your
taxes -and hoping somebody will
look after all the housekeeping
details isn't good enough.
•
Goderich has lain dormant
for years. New industry has
passed us by. Our population
is practically static. Why?
We suggest the remedy lies
in our starting to WORK TO-.
GETHER for Goderich. We hear
it said over and over again:
"the merchants on the Square
run the town.10
Seriously now: if this is true,
whose fault is it? Haveyoubeen
doing your share?
True Chequing
personalized
cheques
go here
True Savings
passbook
goes here
The new True way to_ bank
Here it is! Everything you need for your com-
bination of True Chequing and True Savings
accounts in a neat complimentary wallet. Including
personalized act •
, ,?4,.44 .t•
This new True ittiA 1teeps your True Chequing
account separate from True Saving. You leave
enough in a True Chequing Account to pay your
bills. You put the, rest into. 41/2 % True Savings.
+9,
(If you already have a 3% Savings Account, you,
can convert it to True Savings.)
SeAow this simplifies your money planning. Come
in and ask about the new True way to bank — and
get your new True-blue wallet free.
Bank of Montreal
Canada's First Bank
Thederich Branch: MILTON RAYNER. Manager
Twenty-five years of service with the
Department of Highways of Ontario, were re.
cognized in Toronto, Thursday, Novell-11)er 2,
when Leroy Harold Draper-, 205 BritanniaRoad,
East, Goderich, was presented with a pi by
the lion. George E. Gomme, left, Minister of
Highways. The presentation was made at the
department's Quarter -Century Club Dinner. At
right is Mrs. Draper.
Fourteenth Annual Meeting
Produces Capacity Crowd
Chairman Harold Chambers
welcomed a capacity number of
members and guests to the mem
• bership dinner and fourteenth
Annual Meeting of the Gdderich
Community Credit Union at the
Legion hall Friday evening.
Walter Tichborne, board
director reported that the credit
union had had a most satis.
factory year and that its assets
had grown by $83,300.00 and now
•stand_at-$.55.7,91Q..00,-with-a—
merriberglifp of 1288. Meniberg" -
increased their savings by
$68,071. during the year. Mr.
Tichborne advised the member.
Ship that $5,179. had been paid
tu beneficiaries of deceased
members and that since the in.
ception of the Credit Union,
there had been a total of
$25,396, paid out in insurance
-Ife-also--noted-that
first mortgage loans had in.
creased considerably, and the
total outstanding was $78,031.
at the year-end.
•
A.M. Harper, C.A., auditor,
reported' on•tlie-financial,stabt.
lity of the credit union and
stated that its members should
be very proud of its steady
growth and achievements over
the years.
;Reporting for the Credit C om.
mittee, Leslie Riley noted that
his committee approved loans
to the amount of $49'7,644 as
well as, 316 pay-day loans is.
-sued .by the office staff. This
• committee held 51 meetings dur-
ing the year.
'In his report to the ineeting,
Stephen Helesic, treasurer.
manager said that the credit
union welcomed the- new Dis.
closure Act of Ontario. Mem.
bers, borrowing from the credit
union have always been aware
of the true annual interest rate.
Since the new Disclosure Act,
all financial institutions loan.
Ing money are required to dis.
SANTA CLAUS
PARADE
close their true annual interest
rate -as well as the dollar cost.
For the last eight. years the
credit' Lnion has not paid less
than 4 1/2 percent 'dividend on
members' shares and for the
last two years has paid 5 per-
cent, he said. In addition to
this, each eligible mem5er has
life savings insurance at no
extra cost. Interest of 4 per.
cent is paid quarterly on the
chequable accounts.
The- treasurer advised that
the cost of 'first mbrtgag3loans
is 8 percent per annurn and
these loans are life insured to
the eligible member at no ad.
ditional cost. At this time, on
the purchase of existinghomes,
• this is considered to be one of
the most attractive interest
rates available since the NHA
present rate is 8 1/4 percent
on new homes without any life
insurance coverage. He also
pointed out that the 'credit union
at the present time has money
available for first mortgages.
Mr, Helesic thanked the mem.'
bers for their co-operation And'
confidence in the credit union
during the past year and ad..
e ,
• Buy now.. at the height
of the season at the!,.
money saving reduced
prices.
vised them to take advantage
of the many low-cost services
provided by the organization.
The recommendation of 5 per.
cent dividend was accepted by
the membership, and was to be
credited • t� the members'. ac-
counts immediately.
Four amendments were made
to the credit union by-laws,
one of which was to increase
the limit "on personal loans to
$5,000,
John Grace and Roy Mugford
Were 7r,6-elatted-to-the-board
• of directors and Leslie Riley
to the credit committee.
Fourteen members won Cen.
tennial silver dollars which
were drawn to commemorate
the credit union's fourteenth
annual meeting..
After the adjournment of the•
meeting, dancing was enjoyed
. to the music 'of the Bluetones.
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Employe: seulerrient des
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