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Zurich Citizens News, 1971-02-25, Page 8PAGE EIGHT 50 Years Ago The Zurich Book Room has fin- ally closed it's doors to the public. By examining the prices in the catalogues now being sent out and comparing them with the local stores, one will be amazed to see how much cheaper the local stores are in most cases. Fine sleighing has been enjoyed the past week, and the motor bus to Hensall has been replaced by the sleigh. Clayton and Clarence Hoffman assisted the Ailsa Craig hockey team in a game against St. Marys, in which the Ailsa Craig team was the victor, A number of good fat steers brought as high as $10.50 per cwt., at the Toronto Sales last week. The good stuff is very popular. On Friday afternoon last, the neighbours and friends of Robert McKinley, came with their saws and axes, and cut a good pile of wood for him. The Hensall and Zurich U. F.O. group have purchased the ware- house of the Simmons estate, just west of the tracks in Hensall. 40 Years Ago Mr. Everett Haist who motored to Harbour Beach, Michigan last week in response to the call of his father's illness, returned the following day. Mr. and Mrs. Frank Kochems and family have moved their household effects into the house known as the old Zurich Bakery residence. On Friday, February 20, Mr. and Mrs. Joseph Gelinas of Drys- dale observed their 60th anniver- sary of their wedded life. Both Mr. and Mrs. Gelinas are enjoy- ing very good health. We are happy to state that there are a few auction sales in this community shortly. On Tuesday, March 3, the sale of farm stock and implements of Mr. William Thiel of the Bronson Line, Hay, will be held, and then a week later the sale of Mr. Conrad Sie- mon's farm stock and implements will take place on his farm. The farmers welcome the good news that the prices of beans are now on the increase as they took a raise of 20 cents a bushel last week, and the prevailing price now is $1.20 for good beans. Messers Ward Fritz and Jacob Haberer are away to Windsor to get the new Chevrolet truck that has been ordered by Haberer Bros. to use in their honey business. 25 Years Agcy Mr. Fred W. Hess, of Zurich, has been successful in passing his final exams in the Faculty of Med- icine at the University of Toronto, and will now be known as Dr. Fred W. Hess. Mr. Earl Thiel has received his new semi -trailer truck, and it is a monster in size. The truck was made by the Dodge people, and 'the woodwork was completed in Kitchener. Mr. Morris Weber left on Mon- day for Westminster Hospital, in London, where he will be receiv- ing treatment. Mr, and Mrs. Norman Char- rette, who have been residents of Detroit for many years, have moved onto the farm they recently purchased from William Jennison. Mr. Keith Westlake, local fun- Qra1 director, is adding a building -OE- YEARS GONE -BY- to his funeral parlors, and when completed he will have a modern up-to-date funeral home, Miss Alpha Meyers, R.N., daughter of Mr. and Mrs. Thomas Meyers, of Zurich, has accepted a position with the Christie Street Hospital, in Toronto. David Meyers returned to Zur- ich last week, after serving three and a half years overseas with the Canadian Army. 15 Yilars Ago Willard Sturgeon, Bayfield, was found unconscious early Monday morning on the street with his hands, arms, feet and part of his body frozen, he is 60, and is fighting for his life in Clinton Hospital. He was the subject of a heart attack. The new deadline set for the purchasing of the 1956 auto licence plates has now been shift ed on till March 20. Mr. John Gallman of town is a patient in St. Joseph's Hospital, London, where he had an operat- ion performed on one of his eyes. Mr. Gordon Smith of the Blue Water Highway, had his two from fingers caught on his left hand one day last week in a fast rev- olving planer. Mr. and Mrs. Claire Geiger and Mrs. Melizza Geiger of the Bron- son Line motored to Detroit for the weekend. The latter remain- ing for a few days visiting relat- ives. Mr. and Mrs. Ray Fisher were hosts to the Zurich and District Chamber of Commerce on Friday, February 17, when the Chamber feted Mr. Carl Scott on his dep- arture from our midst as manager of the local branch of the Bank of Montreal. 10 Years Ago A bad sleet storm last Saturday night caused considerable damage to telephone poles and lines be- longing to the Hay Municipal Telephone System. Worst damage occured along No. 83 Highway, between Dashwood and Grand Bend, Sales of the Hensall District Co -Operative hit a new all time high in 1960. The total sales reached $676, 516. for the year, almost $24, 000 above the 1959 figure. Four young Zurich boys, Barry Bloch, Larry Merner, Robert Bannister and Richard Stade, attended the big hockey game in Stratford last Tuesday, when the Detroit Red Wings made a visit to that city. Mr. and Mrs. Elmore Beierling, of the Bluewater Highway, have moved to the farm they purchased north of Zurich, formerly owned by Robert Clausius. Mr. and Mrs, Neil Walker and family have moved from their apartment above the Mousseau and Parkins garage to their new home west of the village. Mr. and Mrs. Orland Gerber, and family, of Baden, were Sun- day visitors with the former's mother, Mrs. M. Gerber, in Zur- ich. 0 SENIOR BOWLING Ramblers - A. Merrier - 515 Newcomers - H. Peck - 503 Whippoorwills - H. Stade -649 Varieties - H. Finkbeiner - 597 Hawkeyes - M. Gelinas - 602 Hi Hopes - H. Geiger - 665 HIGH SINGLE - H. Stade - 345 HIGH TRIPLE - H. Stade - 778 ZURICH CITIZENS NEWS THURSDAY, FEBRUARY 25, 1971 V1LLAGE of WE To: The Members of Council, and Ratepayers of the Corporation of the Village of Zurich. I have examined the 1970 financial statements of the Corporation of the Village of Zurich and its local boards, which are listed on the attached Index. My examination included a general review of the •accounting procedures and such tests of accounting records and other supporting evidence as I considered necessary in the circumstances. In any opinion, these financial statements present fairly the finan- cial position of the Corporation of the Village of Zurich, and its local boards as at December 31st, 1970, and the results of their operations for the year then ended, in accordance with accounting principles generally accepted for Ontario municipalities applied on a basis con- sistent with that of the preceding year. (Signed) A. M. HARPER Goderich, February 5, 1971. License Number 3859 Statement of Revenue and Expenditure for the year ended December 31, 1970 Revenue $ 1970 Taxation 45,006 Contributions from other tgovernments 28,917 Other 15.586 Total revenue 85,509 $ 1969 60,883 35,249 15,754 111,886 Expenditure General government 8,091 5,686 Protection to persons and property 7.746 7,062 Public works 10,028 32,890 Sanitation and waste removal 178 416 Social and family services 1,139 1,802 Recreation and community services 25,691 23,347 Community planning and development 125 Financial expenses 5,297 1,988 Education 24,196 24,020 County -share of expenditure 12.863 13.452 Total expenditure 95,354 90,663 Excess of revenue over expenditure for the year 21.223 (Excess of expenditure over revenue dor the year) (5,845) Surplus (deficit) at the beginning of the year 7,934 (13,289) Surplus at the end of the year 2,089 7,934 Assets Cash Accounts Consolidated Balance Sheet as at December 31, 1970 receivable Taxes receivable Other current assets Total current assets 1970 $ 1;685 9,930 5,233 1969 $ 6,939 16,570 3,292 258 16,853 27,059 Capital outlay to be recovered in future years 59,600 64,200 Total assets Liabilities Temporary loans 76,453 91,259 4,000 11,000 Accounts payable and accrued liabilities 3,366 4,625 Other current liabilities 648 Total current liabilities 8,014 15,625 Net long term liabilities 59,600 Reserves and reserve funds 6,750 Unappropriated balances 2,089 64,200 3,500 7,934 Total liabilities 76,453 91,259 Notes to Financial Statements Charge for net long term liabilities Total charges for the year for net long term liabilities were as follows: Principal payments Interest 4,600 4,639 4 9,239 Of the total charges shown above, an amount of $8,143. was paid from the general revenues of the municipality and is included in ex- penditure, classified under the appropriate functional headings, and an amount of $1,096, was recovered from the municipal enterprises for hich the related net long term liabilities were incurred. Provision for Reserves Provisions for reserves amounting to $3,250 are included in the Statement of Revenue and Expenditure. Of this amount, $3,250 is included in `Financial expenses". Saris of Consolidation The Consolidated Balance Sheet reflects the assets and liabilities of the revenue fund, the capital fund and all reserve funds of the municipalities. The assets and liabilities of any local boards of the municipalities have not been included in this consolidation. Net Tong term liabilities Total long term liabilities incurred by the municipality and out- standing at the end of the year amount to $59,600 Analysis o for the year ended Taxation Realty -Residential and farm . -Commercial and industrial Business Contributions from other governmet Payments in lieu of taxes Canada Ontario enterprises Municipal enterprises Ontario -General Per capita Residential property tax reduction Specific: Roadways General welfare assistance Recreation Special grant re Park Lights ... Municipalities: County of Huron Other Revenue: Licenses and permits Rents, concessions and franchises Service charges Penalties and interest on taxes Tax rebate recovered Provision for deferred revenue Miscellaneous Total revenue Analysis of { for the year ended General government: Members of council General administration Protection to persons and property: Fire Street lighting Unclassified Public works: Roadways Drainage Sanitation and waste removal: Garbage collection and disposal Social and family services: General assistance Unclassified Recreation a•.d community services: Parks and recreation Other cultural facilities Unclassified -Ball Park Lights . Community planning and developme Planning and zoning Financial expenses Interest on temporary borrowing Provision for reserves ..... ... Unclassified