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Home My WebLink AboutZurich Citizens News, 1971-11-18, Page 21THURSDAY, NOVEMBER 18, 1971 ZURICH CITIZENS NEWS PAGE 19 Ontario Hydro holds off rate increase Ontario Hydro is maintaining rates set a year ago for supplying power to municipal utility syst- ems and a group of 88 large ind- ustrial customers. Last November Hydro told its customers that rate increases over several years would be required to equate revenues with costs. In a letter sent to the utilities this week, Hydro Chairman George Gathercole said, "The Commission recognizes the desirability in the present period of adjustment and unemploy- ment of avoiding any action that would hamper or impede the special public measures that have been adopted to stimulate the economy. "Accordingly, it has been decided to maintain for the time being the interim rates that have been effective in 1971. The shortfall in revenue will be met in part by a special withdrawal SENIOR BOWLING Newcomers - A. Oesch - 548 Varieties - L. Willert - 599 Hawkeyes - G. Denomme - 668 Ramblers -C. Finkbeiner - 623 Whippoorwills -L. Hoffman -537 Hi Hopes - C. Geiger - 605 HIGH SINGLE - C. Geiger - 325 HIGH TRIPLE - L. Willert - 829 RECEPTION and anc Fo r Pain Charrette and (bridle couple) SAT., '`i!0'i;'S® 20 in the ZURICH ,,RENA Music by 'Whyknots' Everyone welcome at present from the Rate Stabilization Reserve, " he said. The reserve was created to cushion the impact of rate adj- ustments resulting from financ- ial and technological conting- encies such as low stream flow conditions; severe breakdowns or in-service deferments of gener- ating stations and transmission facilities; increases in foreign debt payments associated with unfavourable movements in exchange rates, and exception- ally adverse economic circum- stances. Mr. Gathercole went on to say that the deferment of the prev- iously announced rate increase "must be considered as tempor- ary or short term, for, rising costs must ultimately be met out of the proceeds of rates. It cannot be employed to buck the long term increase in the cost of power." The letter indicated that Hydro had given careful consideration to the economic uncertainties that exist, and the special meas- ures adopted by the federal and provincial governments to stim- ulate employment and achieve a resurgence in the economy. "Our most recent analysis of power costs confirmsa that there has been very little abatement, if any, of upward trends. The price paid for fuel for our therm- al generating stations and other equipment and supplies has continued to rise. The increasing concern for the quality of the environment has required the installation of highly sophisticated anti -pollution equipment and the use of more costly fuels. "The inexorable escalation in wage and salary rates, particul- arly those for construction skills, has exerted a strong upward thrust which will inevitably affect our costs for a number of years. To maintain the financial viability of our enterprise, revenues must ultimately be adjusted to equate costs, " said Mr. Gathercole. BLUE WATER REST HOME LADIES AUXILIARY ANNUAL ANNIVERSARY TE AIE SALE AND RAZ AR AT, THE REST HOME S,,. turd ly 9 � �:►? e r 2 1.30 P,M, to 4.30 P,M. Donations for the Bake Sale and any Bazaar items would be greatly appreciated, and the proceeds will be used towards the purchase of a Transportation Vehicle for the residents of the Home! yv'e ist Inn HIGHWAY 21 - SOUTH OF ST. JOSEPH NEW HOURS: Monday, Tuesday, Wednesday, Thursday By reservation only Friday, Saturday, Sunday 10 to 10 - No reservation necessary Cal 1 236- 4850 mMWMwmuMmmemmmmmMcmmwmm Mrs, S. Bechard Release Rec League schedule Nov 18 Panthers vs Sabres Raiders vs Flyers Nov 25 Flyers vs Panthers Raiders vs Sabres Dec 2 - Flyers vs Sabres Raiders vs Panthers Dec 9 Raiders vs Sabres flyers vs panthers Sbc 16 Sabres vs Panthers Raiders vs Flyers Dec 23 Raiders vs Panthers Flyers vs Sabres Dec 30 Flyers vs Panthers Raiders vs Flyers Jan 6 Panthers vs Sabres Raiders vs Flyers Jan 13 Jan 20 Jan 27 Feb 3 Feb 10 Feb 17 Flyers vs Sabres Raiders vs Panthers Raiders vs Sabres Flyers vs Panthers Raiders vs Flyers Panthers vs Sabres P LAY- OFFS 1st place vs 3rd place 2nd place vs 4th place 2nd place vs 4th place 1st place vs 3rd place 1st place vs 3rd place 2nd place vs 4th place The first round of play-offs is the best of three. The 1st place team plays against the 3rd place team. The second place team plays against the fourth place team. The final round of playoffs, will consist of the best of five. The two winners of the best of three finals will play-off for the championship and the two losers will play-off for the consilation. REC LEAGUE TEAMS FLYERS: Captain Ross Fisher, Doug Stade, Don O'Brien, Glen Gascho, Richard Thiel, George Haggitt, Doug O'Brien, Isidore Laporte, Mahlon Martin, Peter Unit 1 of Hensa l 1 U., C, W Unit I of 1lenaall UCW, met November 11, at 2 p.m. in the church. As this was Remembrance Day, Mrs. Walter Spencer opened the meeting by reading "In Flanders Fields". Mrs. Spencer's devotional was entitled "To Live Abund- antly Know Thyself." Roll call was taken with eleven present and two visitors. Minutes of the previous meet- ing were read, offering receiv- ed and prayer offered. Mrs. Robert Cook finished the study on the Americas by giving an interesting talk on the history of the Indian tribes. The guest speaker was Mrs. Gordon Schwalm who told of her recent trip to Spain and Africa. She showed many pic- tures, gifts and souvenirs which she brought home. Mrs. Harvey Keys and assist- ants served lunch for a social hour together. for KEN CLARKE on FRIDAY, NOV. 19 9 p.m. at Hensall Arena Admission $1.00 Proll, Willie Overholt, Phil Louzone, John Corriveau, Clar- ence Rau, Paul Corriveau. SABRES: Captain Richard Schilbe, Jim Bedard, Pete Bed- ard, Percy Bedard, Leo Duch- arme, Gary Hess, Ken Durand, Phil Overholt, Tim Decker, Dave Stark, Greg Armstrong, Phil Laporte, Mike Chandler, Ron Overholt, Gerald Shantz. RAIDERS; Captain Richard Shantz, John Gascho, Ken Clarke Tony Denomme, Marty Kelders, Bernie Denomme, Bill Wagner, Paul Charrette, Martin Vanden- berg, Larry Denomme, Paul Bedard, Don Geiger, Jim Graing- er, Gary Eingerich, Jim Ramer. PANTHERS: Ray Weido, Cap- tain, Jim Consitt, Richard Fisher, Eric Smale, Gord Hay, Larry Hess, Ron Oesch, Jack Coleman, Andy Durand, Richard Walker, Dave Durand, Paul Steckle, Tony Ducharme, Larry Merrier. m .18 Fri. 19 so,. 20 is corning your way! .ILWithk4. ni+ e-•• er • ❑a.nw.ac+urs Rasmus lioti 11cx)lw �a S'ile lh��il.nProduction tion JA, mnorm ,�eYa filmed in Ireland • COLOR ARainbov SAT. MAT. sun. 21 Man.22 Tue. 23 v $'j. KEAC'.H FAYE DUNAWAY HARRIS =IN A FILM BY FRDANNK PERRY "DOCgi GODERICH PHONE 524 7811 74e W d.24 enlY vm GREAT WALT WM MMM RAINER GRAVET K VRIUS {ciarT HUGH HERBERT LIONEL ATWILL SPECI L While Stock Lasts... ,; —OUT ° R ASPENITE: THE WATERPROOF PANEL WITH THE TEXTURED SURFACE — FOR REC. ROOMS, PATIOS, COTTAGES, GARAGES, FARM BUILDINGS, ETC. NOTE THE SIZE: 48" x 75" BUT JUST LOOK AT THE PRICE: ONLY $2.39 WHILE THEY LAST... GRAND BEND — 238-2374 • EXETER — 235-1422