HomeMy WebLinkAboutThe Goderich Signal-Star, 1969-11-27, Page 2GOAE1Lim SI0X4,AIrSTAR, THUtt3DAY. NQYEMWR
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sC�ivany shows
17.#5 million p
ro'fit for year
.9
The Consumers' Gas
Company showed a profit of
$17#75* million or $1.02 per
n�AoMron share in the year ended
Sept. 30. •
"This was was an increase of 7 per
cent over the previous year,"
Oakah. L. Jones chairman and
president of .Comsumers' stated
in the annual' report mailed to
shareholders recently.
Mr, . Jones outlined the
company's progress in other
areas of operations.
Operating revenue advanced
Ito $136 million from $123
million.
Residential ,customer sales
increased by one per cent
despite a warm winter through
1968-1969.
Sales. to commercial
customers were up by 23 per
cent to $34 million.
Industrial sales showed a 16
per cent increasd to.$36 million.
Although the company's
operating and maintenance costs
were ahead by 1,2 per cent in the
1969 fiscal year, increased
'productivity of employees was
an offsetting factor.
Municipal taxes paid by
Consumers' in the last fiscal year
increased by '26 per cent, while
other ,taxes, excluding income
taxes, were ahead to $3,725,000
from $2,958,000 in 1968.
"Consumers' intends that
Union Gas, after acquisition,
seek a 2 per cent cut in the price
Snow control important to
protect farm areas
As winter approaches,
farmers will again be plagued by
heavy snow drifts unless
precautions are taken now to •
keep entrances, access areas and
other vulnerable farm spots
protected.
This is the warning of Jack
Underwood of the Centralia
College of Agricultural
Technology, a branch of the
Ontario Department of
Agriculture and Food. Mr.
Underwood has been engaged in
tests to determine the best
methods of snow and wind
,control, and believes that proper
t lacement of fencing is one way
to. deal with these problems.
Because difficulties come
from drifting rather than falling
snow, fences should always be
placed upwind from the problem
area, and should be located at a
minimum distance 10 times that
of the fence height away from
whatever needs protecting. A
fence 4 feet high, for example,
would be constructed 40 feet
away from the specific area that
needed it. ,
Tests in Russia and Canada
have shown that if this
protection is insufficient,
building a second fence is better
than increasing the height of the
first. The second should be the
same height as the first, and
should
1 e further back
-
frombe placed d
from the original structure. This
type of construction catches
more snow than will a single
fence built to double its original
height.
Slatted snow fencing like that
used by ,the Department of
Highways, available from
co-operative and lumber stores,
is the best material for this job.
Fifty percent of the fence is
open, with the slats set about 14
to 11/2 inches apart. Construction
is easy and wilt require no
(specialist help,
Wind fences are more solid,
being only 20% open. The
placement varies with the area to
be protected. Mr. Underwood
noted that the best windbreaks
were still trees — evergreens,
scotch and white ' pines and so
on. Those considering planting
trees , will be. able to use the
fencing, until the trees are
mature enough to do the job.
Farmers requiring more
details about wind and snow
• protection should contact their
county agricultural office.
•
O.P.P.
REPLIES
QUESTION:
SIR:
Do I or do I not need a
speedometer in my car?
ANSWER: A speedometer is an
excellent thing to have but you
are not required by law to have
one in your car. The Highway
Traffic Act states that every bus
when operatedon a highway
shall be " equipped with a
speedometer which shall be
maintained in good working
order. The Act states every
motor vehicle other than a
motorcycle shall be 'equipped
with an odometer in good
working order.
•
SNO THgO
They're (here now! The popular, de-
pendable Ariens Sno-Thros. Choose
from 4 h.p.,'5 h.p. and 7 h.p. models.
They all feature Ariens famous two-
stage, self-propelled design. $o simple
to operate. Just set your pace and
let an Ariens do all .the work.
Check these superior Ariens features:
. 4 speeds forwardleverse
O Clearing widths from 20" to 32"
El Meting discharge chute
Lockout •differential on 7 H.P.
• Throw snow up to 30' away .
O Controls mated ihind machine
•
Wide,•bte snow `tires
*RI ANNIA
FROM
3O995
MARINE -
'S IIIA EINES
of gas now charged to residential
customers because of the
expected economies of joint
operation and discontinuance of
collection of future income
taxes in current rates," Mr.
Jones said. 4 •
"We would guarantee for two
years from savings this reduction
in Union Gas rates and wa
continuation of present rates in
Consumers' Gas."
Mr. Jones knows of no other
industry that is considering a
parallel move. Mr. Jones
knows of no other industry that
is considering a paralleLmove.
• On the company's offer to
acquire common shares of the
Union Gas Co. of Canada
Limited, Mr. Jones recently
reiterated previous statements
that he } is confident that the
company °can demonstrate
before the Ontario Energy poard
that the best interests of the
public will be served by the
proposed acquisition of the
shares of Union Gas.
Mr. Jones said natural gas is
°
T
the energy source used for
heating in 85 percent of new
apartment buildings in the Metro
Toronto area and.it has about '
percent of the heating business
of total new residential
construction in the same area,
On charges that Consumers'
Gas is ' a monopoly, or a
semi -monopoly, Mr. Jones stated
that the Company, is in a highly
competitive market.
"We don't have a monopoly,
-We are in competition for the
customer's fuel dollar against
Ontario Hydro, which is
subsidized by the public's
property taxes, , and, of course,
we compete ° with the
non-regulated oil companies.
Because of this competition, the
rates for oil and electricity have
not gone up."
Consumers' Gars" spent $33
million on capital additions in -
the year ended September 30th,
$25 million on natural gas
distribution equipment, $6
million on appliances for rental
and $2 million in miscellaneous
•
capital expenditures,'
The company row serves a
total of 383,569 custothers in'
homes, industries, and
commercial esttoblishrnents in
Ontario, Quebec and Northern
New York State, an increase of
more than 15,000 over a year
ago. The company now has a
total of 282,658 house heating
customers.
Consumers' total of common
shareholders increased to 26,526
at September '30, - up from
25,205 a year ago. Thirty-four
percent of these investors hold
fewer than 100 shares, 54
perce'ht hold between 100 and
1,000 shares and the remaining
10 percent more than 1,000
shares. Of • shareholders, over 97
percent are residents of Canada.
The company continues to
make favorable progress in its
Lake Erie explorations. Ten new.
productive, wells were discovered
under Lake Erie during the year,
five on wholly-owned acreage
and five on jointly -owned
acreage under the lake.
WELL F
E NIXTS
JEWELLERY
THE SOUARE 5247932
'14
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For the Best Selection Of Snow Boots See
44