HomeMy WebLinkAboutZurich Citizens News, 1977-03-02, Page 1B OF M MANAGER — The new
manager of the Zurich branch of
the Bank of Montreal is Bill Case.
He comes to Zurich after 18 years
of service with the bank, mostly in
the Toronto area. The present
manager Al Beange has been
transferred to Meaford.
News photo
Present awards to top figure skaters
The Zurich -Grand Bend Figure
Skating Club held their Winter
Carnival Sunday at the Zurich
arena. It was entitled "The
Change of Pace",
The Junior half, "Fantasy
Land" consisted of : World of
Animals; Jupiter Jumpers; The
Flipper solo by Kerry Deitz.
Stars. Solo by Lynda Shipley
Aurora Figure Skating Club a
past member of Zurich -Grand
Bend Figure Skating Club. Pretty
Maids. "Misty Maid" solo by
Kim Bedard. Raggedy Anns.
Fair "Tweedle Dee & "Tweddle
Duni" a sister and brother act by
Joanne and Darren McKinley.
March of the Toy Soldiers.
"Silver Bell" solo by Darlene
Oesch, Junior Finale
"Everything Is Beautiful".
The Senior Portion Night
Clubbing "World of Dance". Ball
Room Dancers. Ballerina solo by
Missy Sandilands, "Coolies"
Power Boys. Festival Dancers.
Mexican Hat Dancers, Solo —
Lynda Shipley — Aurora Club.
"Indian Warriors" — Power
Boys. High Steppers — Senior
Girls. Mamba — Jamba —
Rhumba. "Lady of Fashion" solo
by Elizabeth Daters. Senior
Finale.
The Junior Trophy was
presented to Kathy Merner and
Intermediate Trophy to Angela
Zehr and Senior Trophy to
Sandra Coleman by Miss Pauline
Bell Club Professional. The
"Bell" Trophy was presented to
Miss Elizabeth Daters for the
most improved skater over all.
This trophy was presented by
Miss Troyann Bell, senior
amateur coach.
Gifts were presented by the
Zurich -Grand Bend Figure
Skating Club to Miss Lynda Darlene Oesch. Mr. Herb
Shipley, Miss Pauline Bell, and Turkheim was Master of
Miss Troyann Bell by Miss Ceremonies.
Bout bulkier kllhd
William Given, who recently started Trillium Yachts in
Zurich in a building shared with L & P goat Repairs on Victoria
St., was killed Tuesday morning in an accident west of Ex-
eter.
He was involved in a collision with a car driven by Glen
Menzies, RR 1 Exeter, at the intersection of Huron St. and con-
cession.2-3 of Stephen.
Given had been southbound on the concession and Men-
zies was eastbound on Huron 5t.
The accident occurred about 8:00 a.m. and was in-
vestigated by Exeter OPP Constable Dale Lamont, assisted by
Constable Al Quinn and Cpl. Ray Brooks.
Coroner Or. Charles Wallace, Zurich, attended at the scene.
Given, who resides at RR 1 Bayfield, was partially thrown
from his vehicle in the impact which extensively damaged
both cars.
NO. 9
FIRST WITH LOCAL NEWS
WEDNESDAY, MARCH 2, 1977
Price Per Copy 20 Cents
ay :utual con
o show steady
At Saturday's annual meeting
of the Hay Township Farmers
Mutual Fire Insurance Company
retiring president Elmore
McBride reported the company
continued to maintain a steady
pattern of growth during 1976.
The financial statement
showed net income for the just
completed year at $141,351. The
comparative figure for 1975 was
$170,984.
The amount of net insurance in
force increased considerably
during 1976. As of December 31,
1976 the total stood at
$132,240,707. At the end of 1975 the
figure was $111,094,160.
Premiums written during the
year also increased to $495,750
from $448,404 in 1975.
McBride continued, "Your
directors are ever mindful of the
fact that the principal objective
of a mutual life insurance
company is to offer insurance at
minimum cost to its
policyholders."
"One of the major cost factors
is a company's surplus. It is
necessary that the objective be to
conduct business in such a
manner that the surplus grows in
proportion to the insurance in
force.
Surplus is the word used in the
Insurance Act with reference to a
mutual company's reserves that
nue
are held as protection for the
policyholders against future
losses."
In 1975 our surplus was 63.6
cents per one hundered dollars of
insurance in force. Our 1976
Howard Datars
... heads Hay Mutual
statement shows net earnings of
$141,000. However, when this is
applied to the amount at risk
which increased in excess of 21
million dollars over the previous
year, our cents per hundred at
the close of 1976 only a half cent to
64.1 cents. In view of our in-
creased writings it is very im-
portant that the reserves of the
company keep pace with our
growth."
All phases of our business have
increased, showing a greater
amount at risk. This can be at-
tributed to the growth in farming
operations, business, and the
increasing awareness of the
policyholder in keeping his in-
surance up to date, and also by
the inflationary rate of our time.
As our company grows we are
endeavouring to meet present
day conditions by continually
updating coverages available.
Comments and suggestions for
improvements are always
welcome, as we like to be known
as a local company which has the
best interests of its policyholders
at heart.
Changing conditions, new
legislation and ever increasing
demands require new and im-
proved services. Therefore,
education has become an im-
portant aspect of the services
offered by Ontario Mutual
Insurance Association and the
Farm Mutual Reinsurance Plan.
Again during the past year
adjusting, management and
agents seminars were held, with
several of our directors, agents
and managers attending in order
to increase their knowledge on
these complex matters,
One of the first moves of the
new directors for 1977 was to
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MEXICAN VISITORS — Dressed in warm weather costumes at Sunday's Zurich -Grand Bend figure skating
carnjsal were Rosemary Bedard, Cerrie Sweeney, Angela Zehr and Sandra Coleman.
JUNIOR CHAMP — Trophies were presented to the top performers in
Sunday's figure skating carnival of the Zurich -Grand Bend club.
Above, junior winner Kathy Merner accepts her award from club pro
Pauline Bell.
Huron budget jumps,
but taxes unchanged
Despite an increase of 7.5
percent in the Huron County
budget for 1977, taxes will not be
raised due to a surplus of almost
half a million dollars, a 15 per
cent increase in provincial
subsidies and a four per cent rise
in municipal payment to the
county.
Huron County council approved
the $8,321,207 budget for 1977
when it met at Goderich Thur-
sday afternoon.
The new budget, clerk
treasurer Bill Hanley explains, is
7.5 per cent above the budget
struck in 1976 but it is actually 14
per cent higher than ex-
penditures last year.
County officials also explained
that higher assessment in Huron,
due to a rise in both population
and property values, will also
help to pay the bill without tax
increases. Assessment value in
the county has increased nearly
four per cent in the past 12 months.
The new budget shows an in-
crease in spending by all county
departments with no one division
contributing - to the increases
more than another. Increases in
fuel and material costs had as
much to do with the rise as
anything and, for the first time in
a number of years, employee
wage and salary increases, held
to about six per cent because of
the anti-inflation regulations, are
not being seen as a major con-
tributor to the increase.
The county roads department
have increased theirbudget from
$2,381,022 in expenditures last
year to a projected $2,908,000 in
1977; an increase of 22 percent.
An apportionment by-law, to
raise the sum of $1,507,000 for
general purposes, will be
presented at council's March
session. The sum represents
Huron's share of the road budget.
Of the total sum the ministry of
transportation and com-
munication will contribute
$1,570,000 and the road depart-
ment has carried a surplus of
$134,000 forward from its 1976
budget.
Although traditionally a big
spender, the road department
budget is not the largest. The
social services budget holds that
honor.
Operations of Huronview will
take most of that budget though,
with estimated expenditures over
the next year of $2,420,398, an
increase of about 10 per cent. Of
that sum the department of
community and social serices of
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