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Home My WebLink AboutThe Goderich Signal-Star, 1983-02-09, Page 13ompanies fauuc dominates Queen's Park agenda BY JACK RIDDELL, MPP The Trust Companies af- fair once again dominated the agenda at Queen's Park this week, with the Con- servative Government pass- ing legislation to enable it to sell the assets of Crown Trust Co. The legislation passed the House despite Opposition criticism that Bill 215 served only to protect Crown Depositors and not depositors of the other trust companies, Greymac Trust and Seaway Trust, which were seized by the Govern- ment January 7. The Opposi- tion also decried the fact that the Government bill did not provide for due process, enabling aggrieved parties to appeal to the° Courts and/or the legislature. Opposition Leader .David Petrerson,. who since last Qc- tober,,,has led the attack on the government's mal- administration of trust com- panies, called the legislation a consequence of the Government's failure to pro- perly monitor trust com- panies in Ontario. He said pihblems within the three Trust Companies should 'hawk been detected as long asp two years ago. Similar neglect led to a string of col- lapses and near collapses of financial institutions in On- tario over the last decade. "This Bill is' a distasteful consequence of the Govern- ment's .abysmal failure to learn from past mistakes," the Liberal Leader said. In the Administration of Justice Committee of the Legislature, the Liberals tried unsuccessfully to win amendments to Bill 215, the Act Respecting Crown Trust. They wanted amendments to restore the rule of law - the right to appeal - and provide government guarantees that preferred shareholders of Crown would not lose their investments as a result of the Government's negligent monitoring practices. Liberal Justice - Critic James Breithaupt (Kit- • wn� ToCountry REAL ebener) cited the new 'Cana- dian Charter of Rights, which he said was being violated by the Bill. He reminded members that "everyone has the right to life, liberty and security of the person and the right not to be deprived thereof except in accordance with the prin, ciples of ' fundamental justice... He said the preferred shareholders of Crown Trust, whose equity in the company was estimated at between $18 and $20 million, were the fogotten victims of the Bill. Many are elderly widows or orphans whose money bad been invested in the Com - pony as a hedge against future uncertainties: In Committee, Liberal Eric Cunningham (Wentworth -North) said it was prophetic that two years ago this week the Justice Committee tabled its interim report on the collapse of Astra Re -mor. That commit- tee condemned the "serious maladministration of the relevant provincial laws," and called for full compensa- tion of victimized depositors and investors. Mr. Peterson said=govern- ment negligence in the most recent cases places the onus on Queen's Park to protect depositors and preferred ESTAT W.J. HUGHES REALTY LIMITED 30 Kingston St. Goderich 524-7373 524-8.100 SUPERSTARTER Bungalow, brick and siding, 3 or 4 bedroom, 2 baths, rec room, immaculate condition. ,Asking '38,500. Call Norma Taylor 524-8192. A-125 INCOME HOMES Selection, close to churches, close to schools. central location, private entrances, 2 and 3 units, priced in 30's and 40's. Great starter home or help with your mor, tgage. Call Rita Allen 524-8480. WHY RENT .t,T',( ttorgye„ ,.err,Irlrgom.rinsulated.4fip....top;condL. tiofi,`garage iikaletedic hits free exterior; convenient to Square, in thirties. Call Norma Taylor 524-8192. R-5 NELSON ST. CHARMER Low 40's. 3 or 4 bedrooms. solid built red brick, 2 storey. one of a kind, financing arranged. See this well maintained home today. Call Rita Allen 324-8480. RENT OR BUY Rancher 832.000. just south of Goderich, 3 bedrooms, close to lake. drilled well. large let. Immediate posses- sion. Call Rita,Allen 524-8480. SPACIOUS & GRACIOUS Stately 2 storey brick. 4 bedrooms. close to all amenities and schools. Well proportioned. 2 fireplaces, large lot with inground pool.Sall Ebb Ross 524-8786. C- 181 UNDER 30 THOUSAND Accent on volue. Ideal starter home. 3 bedrooms, aluminum siding, closed sunporch, carport, double detached garage. Call Ebb Ross 524-8786. A-300 Rita Allen 52444806 Ebb Ross 524.8786 Norma Taylor 524-8192 Barb Shewfelt 524-9581 Don McCauley 524-4226 ASKING $37,500. 4 bedrooms, family kit- chen, main floor laundry room. 2 baths. carpeted. beautiful roc room. double garage Workshop central location. Immediate possession. • RITA ALLEN 524.7373 or 524.8480 W.J. HUGHES REALTY LTD. KINGSTON ST. GODERICH GK GK OK GK GK GK GK GK GK OK GK' G 0 0 0 0 G 0 0 0 NC 0 0 0 0 0 0 0 CLARE SAGER Res. 524-8995 GK REALTY & Insurance Inc. 53 Wort St., Goderich 524-2118 JOHN TALBOT Res. 524-2520 ,Ix 0 THIS WEEK'S SPECIAL EXCEPTIONAL - Cozy 3 bedroom, maintenance free home, fully insulated and beautifully decorated. Features 2 bedrooms up and 1 bedroom down, living room, kitchen and dining area, recreation room, laundry room. Must be seen, make us an offer. G16 ELEGANT - 4 bedroom. 2 storey brick, double lot, 2 car garage with pit, large mature trees, home features large front porch, living room, dining room, kitchen, family room, sun room, full basement, gas-fired fireplace. new wiring and plumbing, 2 baths. By appointmont. Coll Clare now. 045 COUNTRY DREAM - 50 acre country retreat, featuring a beautiful 4 bedroom brick ranch with single car garage. Large living room with stone fireplace, roe. room, kitchen and dintrig room. Al2Ce-ClIgnintOrri shied burn or machinery storage. Must be seen. H822 COUNTRY HAVEN - Own this beautiful 8 acre country property. Excellent hone barn with hay loft, tack room, and stable area. Featuring a cozy 11/2 storey 3 bedroom home, close to Goderich. Meko us an offer1 HB18 WEST END BRICK RANCH - 131/2% mortgage. priced to sell. 4 bedrooms, living room, dining room, kitchen, family room with fireplace and bar, large lot, must be seen. Call Clare now, G43 pc G Q 7C G it 0 0 Pt 0 0 G 0 0 P 0 0 GKGKCirIC 1K G GIS GtK Gir. 0 NA' BAILEY Real Estate Ltd. Clinton Phone: 482-9371 Residence: 523-933$ NEW LISTING - Blyth - 1 acre with 1'/2 floor brick home, in- sulated shop, financing arrang- ed. shareholders from financial loss. He said in the final analysis a Royal GomrrlS- sion of Inquiry' will be necessary to investigate how the three Trust Companies landed themselves in trouble and what role the Ministry.of Consumer and. Commercial Relations played in this situation. "Ultimately," he said, "we must in the clear light of day draft legislation and create a regulatory system which will prevent this kind of thing from happening again." Blld Program The Conservative Govern- ment- celebrated the second anniversary of its Board of Industrial. Leat.ership and Development (11f:L.D.) whichit has called a "Hie - year, $1.5 billion economic development strategy." Premier William Davis and Treasurer Frank Miller opened displays at Queen's Park to show the public "typical GILD projects". Opposition critics, however, branded the gesture a public relations ex- ercise, aercise, "a marketing smokescreen to hide the fact that the gdvernment has fail- ed to shield Ontarians from the harsh impact of inflation and unemployment and has failed to put in place a pro- gram of economic recovery." Liberal members threw several questions across. the House about GILD inade quacies. In a joint statement Mr. Peterson, Finance Critic Patrick Reid, and Industry Critic John Sweeney claimed that the -Government was ac- tually spending less, under the BILD' program than it was under the old Employ- ment Development Fund. Said the statement: "It is nothing more than an exer- cise by a tired government to move around old money under a new name and make it appear that it's innovative and forward -thinking:" Now is the tirne to plan for summer employment "Now is the time to start for students 18 and over it is planning for $3.50, construction being employment,9 9 says $3.75. Angelina Arts, the new The minimum ages for supervisor of the Canada employment in different Employment Centres for fields are 14 years or older Students ',in •.Gnderieh and " 10r Slays trrefirces;451 pars Exeter. and up in general industry Currently, Angelina is in- and 16 years and older for volved in distributing "Sum- construction. mer Canada" applications to Students interested in fin - community and business ding summer employment organizations, who are in- should register at the Stu- terested in organizing a com- dent Centre as soon as munity project which will posssible, and are encoura-= pr i -Aangiliple, goods. or ed to read the want ads and services of benefit to the to use ' their connections - community at large, and parents, friends, and which will provide students with developmental work ex- perience. The deadline for these program applications is March 4,1983. INVESTMENT PROPERTY - 4 unit apartment building, central location in Clinton. Vendor will finance. 300 ACRES NEAR BRUCEFIELD - cash crop and hog farm, paved road. 12 ACRES NEAR BLLYTH - large frame home and good hog barn. HOLMESVILLE - 13 acres with farrowing barn - 1 floor brick bungalow, paved drive. 3 ACRES . IN Hi*LETT TWP. - brick IS! insulated workshop. 15 ACRES - wooded' - near Auburn - large brick home - combination furnace - 2 small barns. 69 ACRES = Hwy: No. 8 - farrow- ing born - raised ranch home - several ponds - OWNER SAYS SELL! ' HWY. No. 4 - 71/2 acres - neat bungalow - attached garage - finished basement - insulated barn suitable for hogs or poultry - PRICE REDUCED. 46 ACRE HIGHWAY FARM - near Varna - 23 workable - hardwood bush - large' double home - lorge barn suitable for hogs or poultry -_large drive shed with workshop. 2 MILES FROM CLINTON - 100 acres - 97 workable - no buildings. 5 ACRES with very comfortable home near Dungannon - price reduced - owner will 'finance. Other government pro- grams such as the Ontario youth Employment Pro- gram, which offers employers a subsidy of $1.25 per hour, Experience '83 and the Student Venture Capital Program will also be offered again this year. For further details contact Angelina at 524-2744. All of Huron County except Grey, Turnberry, and Howick Townships are serv- ed by the Goderich and Ex- eter offices. The Canada Employment Centre for Students in Goderich is located above the post office at 35 East Street.' The other area office is located at 305 Main Street ir. Exeter. Currently, the Goderich of- fice is open from 8:15 a.m. to 4:30 p.m., Monday to Friday. The Exeter office will not be opened until March, when Angelina will open the office every Wednesday. -Until then, Exeter and area,. students and employers are encouraged to register at the Main Canada Employment Centre in Exeter. Employers who are in- terested in hiring students for summer work, should be aware- of the following employment facts: The minimum wage for students under 18 is $2.65 and 21/2 ACRES - on highway at Kip - pen • good 3 bedroom home - under $30,000.00. 8 ACRES IN 8LYTH - no buildings. LONDESB9Mili floor frame home - un 000.00, 68 ACRES • 62 workable 6th Line - Hulleit Twp. 50 ACRES NEAR BENMILLER - no buildings - 6 acres apple or. chard -REDUCED. BAYFIELD AREA - Hwy. No. 21 - 5 acres with ranch home - many extras - nicely wooded. 5 ACRES NEAR AUBURN - good house and barn - river frontage. PRICED FOR QUICK SALE. raw relatives - to find employ- ment. Any student who doesn't already have a social in- surance number should app- ly now. The Employment Centre staff can show them hpv rto do this. Angelina -encourages students to come to the Stu- dent Centre if they require any information regarding summer employment, such as summer programs available, interview techni- ques, or hpw to write a resume. Small towns growing "The average small town is growing," says Professor Gerald Hodge in a paper presented to delegates at The New Neighborhood, a conference on housing and community development sponsored by the Ontario Ministry of Municipal Af- fairs and Housing. " Professor Hodge, director of the school of urban and regional planning, Queen's University, presented his findings to a seminar titled The Small Town: Its Pro- spects and Planning. According to Hodge's research, "The total popula- tion of Canada's small towns grew by 443;000 in the 1960s to 3.9 million and in the 1970s - . . another 500,000 were add- ed." He also claims housing stock increased by "an as- tounding 25 per cent in each decade . - . in all the regions of Canada." This good news is underlin- ed by the fact that 80 per cent of all centres in Canada add- ed new retail firms. Hodge goes on to state that "com- mercial growth currently is exceeding population in its rate of increase." While admitting that growth rates may not be huge — studies put them at about 10 per cent — Hodge is emphatic , that the small town in Canada is alive and well. The reasons for this revitalization are hard to pinpoint. An American researcher attributes much of it to the "new three Rs — Resources, Recreation, Retirement." As an exam- ple, Hodge cited the case of Caniliore, Alta. Fifty years ago it was a busy mining town, now its economy is based on tourism and recreation. Most important of all, says Hodge, is the "optimism and indomitable spirit" of the small town population. There are many illustrations of this. Hodge used the little Ottawa Valley village of For- far, which, faced with the prospect of the closing of its 120 -year-old cheese factory, fought back and won. The community , rallied and managed to re -open the fac- tory. Today it employs 14 people and sells cheese the world, over. Hodge concluded his speech by remarking upon the need for "a more flexi- ble, direct, case-by-case ap- proach . for land use regulation in small towns and villages." Solutions im- posed by centrally -located agencies tend to be regarded with suspicion: GOPNBIal SIQN41,4114.11, WED AY, FERRUARY 0R tl — "' g 13 .: • • Steve: I can't believe it's ten years this July, 'Fye:..tleen wid to a wonderful but devilish -rat Somehow whep I'm mad"yelt,know just what to do, ' You come home with some roses — at least one or two! And you know it feels good after all of this time, To realize I stip am your one Valentine. Love, Your Wife. HAPPINESS IS... 'Mr. Scratch, Pic$ -of the batch, , Therea1Sno match, For such a"catch, HAPPY VAL3NTINE'S The Girls in you:'' class. Life is dull A'a And I might be loo ` But here is to everyday Which is specie with you. XXX000 Paul What could be sweeter than a bride and a groom, What could be greater than birth from a womb. A daughter, a son - mates added later Then come the grandbabies, 21 yet to bloom. Our lives have been molded, a joy to behold Our days have been numbered, we're all growing old. Mom you've taught us to live, and now how to die • You're "Our Valentine forever Dear' Mother of Mine. Betty, Harold and families. Dear Mom and lad: You both have excess love that you share with everyone. You take in children vOho are not your own; one was me. You adopted me and kept me as your own. I thank you for that. You listened to mi problems but most important — you loved me. I will n always remeiijber what you have done for me. You're both so very special. Thanks mom and dad! Michelle To the man in my dreams This should be no surprise . Can't helpit, I'm hooked On your bedroom eyes. Love fromB.E. Mommy Dearest you would never guess But 1 think you're the most, the best. Love, Holly. Like Holly Dolly I aequest. My only wish my "LOVE and all the REST." Love, Stephen. Great Valentine's Gift Ideal AH our exclusive Van Raalte Lingerie Designs are now To: JDC Honey, I love you, - You're my dreams come true, You're kind and considerate, And full of love too. Sometimes when I'm down, I'll think of you, Then my days are surrounded, By our love that's true. From, CIC: Mayour red hearts`'' Alwys be with thethree of you Oh Danny, Frankie and Timmer We reddily love you! ,The Red Hot Lovers Nancy: - I'm hunting for a Valentine, (d Are you game to play? Secret Sis let's have some fun, It starts right here today! Good Luck Your SA. Clue No.1 Follow the notes on the musical scale, If you play the piano you cannot fail! remember our half-priee corner: A living Valentine came my way, Filling my heart with Joy, Loved and always will, But especially on Valentine's Day. Ivy Johnstone