Loading...
HomeMy WebLinkAboutZurich Citizens News, 1974-10-31, Page 4PAGE 4 gibe edilcricirliaite Big bucks, little sense I The Ontario government recently sent around a letter to municipal clerk treasurers urging that in future the system of paying for consulting fees for engineers and architects should be changed. Due to inflation, the governments letter advised, councils should pay consultants on an hourly basis rather than as a perc- entage of the total cost of a project. It's an overdue move. Engineering fees have become a major part of most govern- ment project expenditures in the past few years. While the cost has gone up the quality of service in many cases has gone down. In Guelph, for instance, a recent engineers report on a bridge said it would likely cost $84, 000. When tenders were called, the actual tender price was nearly twice that amount. Inflation could have caused some difference but even in these times inflation hasn't been that bad. If the badge builders were as shoddy about their work as the engineer was in his, the bridge would fall down the first time a truck passed over it. (Blyth Standard) Is it really worth it? Is the Canada -Russia hockey series really worth the trouble it creates? The only real purpose behind these hockey contests between the Canadian and Soviet teams must be to create international goodwill between two countries who spent the past thirty years with their teeth bared at each other. In the past decade, since the ice of the cold war has begun to melt a little around the edges, many efforts have been made to foster a new spirit of understanding, in the hope that the chilling fear which made some of us start on the construction of nuclear bomb shelters might be changed to understanding and mutual trust. Sports seemed the natural road to this climate of better and more personal relationships. The events of two recent international hockey series, however, indicate that understanding has degen- erated to confrontation and sympathy has been transformed into enmity. Those of us who have not undergone the tensions of a desperat- ely contested hockey game, have perhaps, insufficient under- standing on which to base criticism. It may be true that super- charged players cannot prevent themselves from fist fights when the frustrations of the game become too intense. If that is the case it would seem a wiser policy for Russians and Canadians to face each other over the chess board or at some other cosiest in which the tensions are less highly charged„ It appears obvious that the Russian players were just as guilty as the Canadians in this series, and that Canadian hockey fans in Moscow were treated somewhat shabbily --but that does not change the argument. If ill will rather than good will is resulting from the hockey games, why continue them? Goodness knows Canadians can see and play plenty of good hockey at home. (Wingham Advance Times) Complaints valid I Fellow publisher Bill Kennedy of Durham has made valid comments about dress standards presently being used by the media reporters working in this country. In his regular message to Ontario Weekly Newspaper Association members, through the organization's monthly bulletin, he has pointed out the differ- ence in professional appearance between the weekly press serving this country and the people from what are supposed to be "big- ger and better" news sources, like dailies and broadcasters. He said: "In recent years, on occasion, top political people have been critical of press personnel with respect to dress and manner. I really never gave this much thought until a week ago when the Provincial Cabinet met in my neighboring town of Hanover. "After having rubbed shoulders with a 'mob' of media repres- entatives covering the cabinet meeting, I would have to endorse fully any criticism levelled at the appearance and manners of media people, who cgver such important events, I was appalled at the shaggy, grubby looking group of characters. "Personally I was ashamed to admit to being a member of the media. It's little wonder politicians question the professionism of the media at tithes, "It gave me a sense of pride, though, as I looked around and noted my two colleagues from the weekly press, both well groomed and wearing business suits. Unfortunately, we are all painted with the same brush," ZURICH Citizens NEWS PRINTED BY SOUTH HURON PUBLISHERS LIMITED, ZURICH HERB TURKHEIM, Publisher Second Class Mail Registration Number 1385 its e Member: �,�04111111110,4o,5 t Canadian Weekly. Newspapers Association Ontario Weekly Newspapers Association ',,.flied Subscription Rates: $5.00 per year in advance in Canada; $6.00 in United States and Foreign; single copies 150 ZURICH CITIZENS NEWS THURSDAY, OCTOBER 31, 1974 Internaflonul Scene' (by Raymond Cannon) A BANK WITH TOO MUCH MONEY When you and I go to the bank to deposit money, we never have to worry about the bank's telling us, "Sorry. We've got enough money and we don't want yours, " Some- times, in fact, it seems they go out of their way to get even more of our money than they have already. For this reason, it may come as a surprise for you to learn that there are banks which are turning away money. This calls for some explanat- ion. First of all, you have probably read many times that a great deal of money is being piled up by the oil producing countries such as Kuwait, Saudi Arabia, Libia, Algeria, etc. and so far, they are not quite sure what to do with it all. As a matter of fact, they are not even sure just how much money they have. Since they don't know how to spend it, the best thing they can do is put it in the bank where it will at least collect interest. That's riot as easy as it sounds Imagine yourself being a bank manager and in walks an Arab who says, "I've got one billion dollars I'd like to deposit for a week." At today's high rate of interest, one billion dollars for a week is going to run up a considerable amount of inter- est and the bank, in order to be able to pay that interest, has to find soine place to lend out this money. But, here's the question --where are you going to lend a billion dollars for a week? The banks that had this hap- pen to them didn't know what to do with it either and had to go running off to the govern- ment to ask for advice. However, tunes have changes a bit. Last week, one bank in London, England, turned away a mere forty million dollars. The reason it was refused was that all the other banks were receiving large sums of money at the same time and when all the banks in the market are suddenly loaded with funds in the sande way, there is nowhere they can readily lend out this money for a short period. The bank in question realized it had reached its limit and, when the Arabs showed up with forty million dollars, they were told, "Sorry, We don't want it." Perhaps when the Arabs get the message that there is only so much money they can put in the banks before the banks start to complain, then perhaps WAR ON WARBLES Replacement calves and yearlings are being placed into Ontario feedlots. With higher feed costs this fall, it is imp- erative that the feedlot operat- or do the best management job possible. Once the replacements are settled down and over the stress of moving, they should be treated for warbles. Name brand products such as Neguvon, Ruelene or Co-Ral are recommended. Neguvon and Ruelene are pour -on systemics. Co-Ral as a Wettable Powder and Ruelene liquid are also available as sprays. Systemic insecticides are absorbed through the skin and into the animal's system. At the recommended levels these products do not cause any harm, but kill the warble grubs while they are small and before much damage has occurred. they will go out and spend a little more of it. Frankly, it would be a good idea if they did because unless they start spending these huge oil revenues which they have, the world is going to be in worse trouble than it is right now. Money is no good unless you keep it in circulation and all that Arab money is not going to do us any good, but will do a great deal of harm unless they start recirculating it at a rapid rate. I can understand their hesit- ation because when you haven't had money for a long time and all of a sudden you are swamp- ed with it, it is admittedly, difficult to know just how to spend it so that it will do your country the most good. The Arabs are a rather conservative group by nature, and don't like to take risks with their money even though they have lots of it. I wouldn't advise you to rush our and open up a bank just so you can get some of this money The Arabs are also particular in which banks they do their business. However, I can hon- estly say that the bank manag- ers who have had to turn away this money never in their wild- est dreams thought that they would have more money than they actually' needed. Times certainly can change, even in the banking system. anglart, "Kelly, Doig and Co, Chartered Accountants 268 Main St., Exeter ARTHUR W. READ Resident Partner Bus. 235-0120, Res. 238-8075 Business and Professional Directory OPTOMETRISTS J. E. longstaff OPTOMETRIST SEAFORTH MEDICAL CENTRE 527.1240 Tt{esday, Tonursday, Friday, Sat- urday a.m., Thursday evening CLINTON OFFICE 10 Isaac Street 482.7010 Monday and Wednesday Call either office for appointment. Norman Martin OPTOMETRIST Office Hours: 9- 12 A.M. — 130.6 P.M. Closed all day Saturday Phone 235-2433 litotes INSURANCES Robert F. Westlake Insurance "Specialising In General Insurance" Phone 236.4381 .— Zurich NORM WHITING LICENSED AUCTIONEER A APPRAISER Prompt, Courteous, Efficient ANY TYPE, ANY SIZE, ANYWHERE We give complete sale service. PROFIT Ry EXPERIENCE Pham Callamt 235.1914 ERITER AUCTIONEERS PUCY WRIGHT LICENSED AUCTIONEER Kites, Ont. Auction Sale Service that is most efficient and courteous. CALL THE WRIGHT AUCTIONEER Tolephono Hensel! (519)262.5515 D & J RIDDELL AUCTION SIlRVICES * Licensed Auctioneers and Appraisers * Complete Auction Service * 8141es large or small, any type, anywhere * Reasonable — Two for the price of one Let our experience be your reward. Phone Collect 'Doug' 'Jack' 237-3576 137-3931 Hugh Rona FILSON and ROBSON AUCTIONEERS 70 years' experience of complete sale service Provincially licensed. Conduct sales of any kind, • any place. To insure success of your sale. orappraisal Phone Collect 666-0!333 666-1967 Guaranteed Trust Certificates 1 & 2 YEARS 4 & 5 YEARS 3 YEARS 10% 10 1/2% 7 0 3/4% J. W. HABERER ZURICH PHONE 2344346 GERALD L. MERNER Chartered Accountant BUS: 20 Sonders E. — EXETER — 235-0281 RES: 10 Green Acres —GRAND BEND — 238-8070