HomeMy WebLinkAboutThe Goderich Signal Star, 1976-05-20, Page 30�"
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PAGE 20—GODERIC1•1SIG,NAL-STAR, THUR$DA7 - A„Y,20,1976
Young roan from Sweden_in town;
Christian Valentin.- stood
tall ancrtalked proudly of hiss
homeland, Sweden, like an
over zealous travel agent
luring dollars out Of portly,
affluent vacationers.
But the young Swede was
:merely aetingas a good will
ambassador as he addressed
the Goderich Rotary Club.on
his . irrl:pres.sions of " the
]: nternational Youth.
Exchange .program:- The
program is sponsored by
.Rotary Clubs.. around the
world' and •sends, students to .
foreigncountries for a period
of one•year.
Christian, 'a native of
Sundsvall, has been living
with Rotary families in
Hanover for nearly a year. He
talked enthusiastically about
the. exchange •prograrn and
reiterated' the fagtthat: there
was no reason Goderich could
not participate. --
But life away from home in .
a foreign.country takes sofne
adjustment for a high school
student. Christian readily
ad,:litted that it was difficult
for hila to be away from home
but. also 'viewed. it as a
maturing experience.
"It was quite hard to get
away from -home but the
experience was worth it." he
said, "I have learned to speak
English but I have also
learned to stand on my own
legs and it has .givep me t -he.
opportunity; to: see different
.systems."
He explained that the total
population of Sweden is eight
-million and 75 percent of that'
figure is concentrated in the
lower region. His hozpetow n
of Sundsvall has a population
of 110,000 and is located in
central Sweden:
Much of the /northern
section of Sweden ., is laden •
with-forest-aud-Sundsvall has
become the forestry
headquarters for Northern
Europe.
Christian, who majors in"
economics in his high school
studies, is a true advocate of
the socialist system.
Although the taxation -system
is. astronomical that is
rationalized by the numerous
freebenefits. available;
He pointed out that
although sales tax was '18.
percent;,education and'health.
care were . totally 'free. He.
explained that •the 'Swedish
middle, class was basically
well off and 'cited good .
relations between
management and union as the
major factor. This
relationship ,results, in very,
few strikes and content
laborers.
In answer ' to a question
Christian said he definitely:
prefers. thesocialist sy$tem.
He indicated -that Swedish
workers were prdQd of • their
labor .and as a remit ,'PrP
Exeterfarm machinery plant
bankrupt;. 75 employees out of jobs
e pro
highly "productive. Com-
panies have helped to nurture
that attitude by returning a
per.cCh.eingntagofe ref the profits to
the workers for the pur
asshares.;,
When asked :Off his im-
pressions of: Canada •he
thought for "a moment and
thensaid if.. we was to be
totally honest he saw many
•'stupid things' here. Christian'
explained his statement
claiming that Canadians
make large problems out of
s.nia•11 ones and mast
' everything else we 'do is done
on a large scale.
'He wsi-mply am
.as-=•azed by
the number of hospitals in our
province:and said it appeared
that everysmall village had
hospital. There is one ex-
tremely' large hospital in
Sundsvall that serves an area
o'T 400,000. population. The
doctots. are . paid by the
province and there are .other
small emergency stations for
. emergency care.
When Christian returns' to
Sweden he Will have two
• years re►xtaining in a high
school. system' that. does not
allow. a studT,nt any,options
J.F. Farm Machinery, of
Exeter filed for bankruptcy
on Wednesday,' May 5.
Although limited operations
_continue at the Exeter. plant,
located on Highway 83, the
doors are expected to close in
about four weeks, according
to 0. W. Parks, 'anaccountant
with Clarkson Co. Ltd. of
London: which , had -been
appointed., an agent for the
receiver -Manager for .for the
Bank of Montreal.
Some. 75 employees will be
affected by the permanent
closing, however Mr. Parks
indicated that .a portion •of
them would be given jobs
with.McKee Bros. of Elmira,
which- has-- purchase.d..),IF:=s•
inventory of product lines.
All other properties will
remain under the control'of
thereceiver, the 'Bank of
Montreal and the "'Ontario
Development • Corporation,
which were appointed agents
for the secured creditors.
-At least a dozen J.F. ern-
ployees were laid off from the
plant last Friday, according,.
to Parks. $11,326.in.salaries
and -wages and $25,121 in
salesman's commissr' ns•
. • were listed among the uri=
secured creditors • of J. F
Farm,, while another $7,000 in
salaries and wages and $2,500
in salesman's commissions
were , listed under preferred
creditors,...
Unsecured creditors have.
.' noliens against company
' assets and must wait until
secured and preferred
creditors have been paid off
before they can collect
anything owed to. them.
Parks. explained that as the
result of new legislation,'
employees' wages for the last.
three months must be listed
under preferred creditors, up.
to a maximum of $500 'per
employee. In the case of J.F.
Farm, Parks said that all
actual wages will •be paid to
the employees plus vaction
pay for the past three months,
onde the secured creditors
have been paid.
Anyvacation pay beyond
the past :three months, as well
as severence , pay comes,
under the heading • of un-
secured and the employees
will not receive this money
unless there are any company
- assets left over once the
secured and preferred
creditor's havebeen paid off.
A similar situation ac-
curred at Hall Lamp of Huron
Park about three. .years ago
when that „.company went.
bankrupt. In that instance,
'the employees were'
represented . by the UAW
which fought for wages,
severance, ':and holiday pay
through the courts and finally
reached a settlement with the
receivers by which the em-',
plo:yee;s-•...:received Co nn,–
pensation for losses . due to
termination of, employment
without 'proper notice and
remuneration.
Originally, J.F. entered
into a receivership in order to
keep the company afloat and
operating- It had been hoped
.by both the secured creditor's
• and Eric Gravlev, president
of J.F., that some means
could be found to keep the
company . in existence. and
pay off creditors without the
company having to file for
bankruptcy. •'
- Hopes that the company
. would be able to continue to
exist dimmed ' after "efforts
to sell it as a going .concern
waned", Parks said. Parks
said that in order to- '(Hake a
receivership work there'
should .be assets over. and
above what is owed t� the
secured creditors and --;the
•
Hav
Tcst
i CANADIAN CANCER SOCIETY
IF. did not have these assets.
According. to Parks Mr.
Gravlev decided on his own to.
file for bankruptcy when he
discovered that, there was
going to be'difficulty holding
the receivership togetheer and
settle 'the . claims on an
equitable basis. Parks called
Gravlev's decisiona moral
one.
Parks 'Said 'that $500,000 to
$500,000' in company assets is
still in the hands of Clarkson
and •Company to .meet the
:demands of -the secured
creditors. $1,805,955 is' owing
to secured creditors. • The
secured creditor . 'with. the
largest' amount owing is the°
-.•.B anl's.w--:oL M.os�trea h,_..w.itl1,..
$1,098,322:,
The list of creditors of J.F.
is extensive, taking in a
. nurriber of area businesses. In
all, there. are 281 separate..
accounts.listed. •
A total of $3,376,716 is owed.
'Al) all J.F.'s creditors.
Officials fro9m . the Ontario
Department of Labor were -
present on Friday to explain
..obligation•§ and rights to J.F.
, Company officials and to the
employees: • Although. em-
ployees who have` worked at
the company for less than two
years are entitled to one
week's Severance:pay with a,
maximum of eight weeks .
severance pay owing to
employees • of 15 . years or
longer, no severance pay will
be granted. unless ,all: of .the
secured and preferred
Creditors have been paid first
and there are still company
assets left over to meet the
total 'cre'dits owing . to all
'. unsecured creditors.
Since the Clarkson Com-
pany has only about $600,00 to,
work ,with in • total company.
assets, there would probably
be no money left over, once
the total bf $1,142,551 'owed to.
secured preferred, and
contingent creditors had been
dealt with by receivers 'for
J.F. '
«r,
•
, Y
•
He was impressed with the
Canadian system as far as
subject matter went but
views ,. the students: ' as
somewhat immature.
(014 ' systeln. •is based on
a.,"(014X
""ult 'through.ts and it is a
system of the future."he said,
"The kids will'have to change
because there is too much
• fooling around and they are
very narrow minded."
• Christian ,. spoke en-
thusiastically shout tlue ex
change program and urge(
the Goderich Club to par
ticipate....It not only provide;
young men and women with ;
memorable experience but -i
helps us to see ourselves a
.•etherssea us.
Bob Aller(. of DRMCo explains . the operation of some
sophisticated machinery to Christian Valentin, a Swedish
exchange student, who spoke to the Goderich. Rotary Club
last Tuesday and toured several' industries in Goderich:
With Christian are Bev Strucke of the Hanover Rotary Club
and Mike Rodges of the Goderich Rotary. (staff photo):
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(continued from page 1)
of them circle the area at low.
altitudes. '
"It isnot a fair shake and
something • has to be done
bet/ore anything happens," he
said "Many of, the,neighbouirs
in -the park are concerned not
only, about the noise but the
danger is a big .thing. If
something went wrong with
one of those planes there is no
way they could land."
In,other airport business,
G.W. Lloyd of Transport
Canada conducted an in-
spection or the airport . ori
April 19 and ..granted a
renewal- of. the airport
licence. He noted that runway
28 could be improved by the
burying ,of hydro lines,; by
marking the threshold and
removing the silo to the east
side of Highway 21.
He said these matters are a
serious hazard now and the
airport would be responsible
for any accidents. He added
that further grading was
required to the 'south side of
runway 28 .and the fencingat
the end of the runway needed
repair to eliminate the
possibility of cars gaining
access to the runwayfrom the
highway.
Aran Ball will be retained-
. as the ,newairport manager
as of June '1 following the
resignation of Doug Hunter.
I-tunter resigned to persue
otheribusiness interests,
• Mr. Ball will. be responsible
for the dispensing and control
of all aviation fuel, Mini7r
maintenance, contact . with..
the 'Federal Department of
Transport and will report to
the siirport committee each
month, -.
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