Loading...
HomeMy WebLinkAboutThe Huron Expositor, 1980-08-21, Page 1716— THE.0!..4RON ExPporrcwow UST 21 1980• -1,77F 22 Legal Notices NOTICE TO CREDITORS WOE ESTATE OF IFS= ALM Stig.IDS • All persons having claims •against the Estate of Leslie • Alvin Shields, formerly ofthe Town, of Seaforth, in the County of Huron and late of the City of Owen Sound in No County Of Grey, deceased who died on the 26th day of April, 1980, are hereby noti- fied to send in full Particulars of their claims to the under- signed cat or before the 28th day of 'August, 1980, after which date the assets will be distributed having regard ti—iErth-era nrna then received. DATED at Seaforth, Ont- ario this 31st day of July, 1980. McCONNELL, STEWART & DgirgREA Box 220; ____,5eaforth, Ontario •"gihtftors for the Executors 22-65-3 24 Cards af Thanks - The family of the late Bernard J. Costello wish to express our thanks and- ap- preciation of sympathy shown to us, during our recent loss of a loved one. Thanks to relatives, friends and neighbours for floral tributes, masses, donations to the heart fund, and for the food sent to the house. • ---Thanks-to Box -funeral home and .C.W.L. for the lovely lunch.Special thanks to Rev. s J.A. Feeney, London, Rev. JJ. McCormick, Till- sonburg, Rev. J.T, Costello and Father Dill,Dublin. Your thoughtfulness will always be remembered. — Erma Costello and family 24-67x1 We would like to thank our relatives, neighbours and friends for ' their ldndness during our -stay in hospital, thanks to Dr. Brady, Dr. Malkus, Box Ambulance and the staff of ' Seaforth and Victoria Hospitals. Every- thing was much appreciated Oscar and Margaret Cuthill 24-67x1 4 -Cards of Thanks We would like to =press our thankstothe :Seaforth fire Department, our friends, neighbours and family for their help in loss Our barn, trarY special thanki to the ladies who: helped bring and make lunch the night of the fire. To the ladies who brought feed and help in the days that followed, .to the many men who helped with the cleaning up, and to Peter for bringing the trucks and equipment. Your thought- fulness, kindness and help will never be forgotten. — nnii and Bonnie eue 26 ertOn Mr, and Mrs. W.' J, Chambers, Clinton ate . pleased to announce the marriage of their daughtete Suzanne Anne to Mt. Terry George Dale, son of Mr. and Mrs Ron Dale Seaforth The wedding topksplace at Henaall United; Church, on Aug. 9,1980. 26-67x1 ,27 Births NEVVMAN: Mr. and Mrs. David Newman R. R. 3 Walton at Seaforth Com- munity Hospital on August 15th • 1980, a son; Trevor an. —24674 Michael 27-67x1 I'd like to thank the nurses and Dr. Malkus for their care I received while a patient in h Cortinitniffy Hospi- tal. :nice to Mrs. Maloney for bri ging my family tissee me ea h day. Everything was greatly appreciated. — Mrs. Eva Netzke 24.67-1 The family of the late Irene , Turner wish to express sin- , cere thanks to relatives, friends and neighbours for the many acts of kindness and expressions of sympathy in memory of a deart sister and aunt. Also for the beaull- ful floral tributes and memorial donations, Special thanks to Rev._ Stanley C. McDonald, the Bonthron Funeral -Home arid the Kip - pen U.C.W. Your thontrht- fulness- was greatly appre- ciated. — Wilmer, Dorothy, Bob and family 24-67x1 We would like to thank our friends, neighbours, and rel- atives for the beautiful gifts. cards, good wishes and flo- wers received on the me:A- ston of our 25th wedding anniversary. A special thankto our children for the wonderful party. — Doug and Helen Stewart 24474 i wish to thank all my relatives, friends and neigh- bours for the many -cards, . gifts. flowers and visits I - ^received while a patient in Stiatford General Hospital. Special thanks to Dr. Lindsay and his staff, Dr. Brady and - the nurses on 4th floor for their kindness and care, also to Fr. Beck for his Visits. A great big thank you to my family and neighbours for their many good deeds and help in the home and to Bill during my absence and since returning home. It was great- ly appreciated, never. to be fotgotten. — Mary McMillan 24-67x1 I wish to thank everyone who sent lovely cardsdlowers and treats while I was a patient in the hospital. Thanks to the L.C.W. Pastor Horst for prayers, Dr. Larson. Dr. Payne and Dr. Tamblyn Also the nurtes of second Root Special thanks o my family. Sincere thanks — Alice Beuerman 24-67x1 Cherished and fond menial -- les of our 40th wedding anniversary will remain in ' our hearts for many years to come. Sincere thanks to all you wonderful people who made it such a joyouis Nee- sion by attending our dance, our sons and daughters for their surprise visit and all who sent congratulations, best wishes and gifts. Your kindness will never be for- gotten. — Viola and Fred Glanville 24-67x1 We would like to thank our friends, relatives and neigh- bours who dropped in on . Sunday to help us celebrate our 40th wedding anniver- sary. Your best wishes, flowers and gifts are very much appreciated. A very sincere thanks to our child- ren for the special anniver- sary dinner. Your thought- fulness at this tirne will always be remembered. — David and Ruby Triebner 24-67-1 25 In Memoriam • -TAYLOR: In loving memory of a dear father and grand- father Harvey Taylor who passed away Aug -20, 1979. Those whom we love go out of sight But never out of Mind They are cherished in the hearts Of those they leave behind. Loving and kind in all his ways Upright and just in all his days Sincere and true in heart and mind Beautiful memories he left behind. — Sadly missed and always remembered by Bob. Betty. Kevin and Mark. 25-67x1 McLAUGHL1N: In loving memory of frty dear husband Joe, who passed away, five years ago on August 21st. Someone remembers. and somebody cares, Your name is whispered in my prayers. A smile. a tear, a thought sincere. How often I wish that you _ were here. Sadly Missed and lovingly remembered by his wife len, and family. 25-67-1 B—In memory of our father. father-in-law and grandfather, Stewart Butt who passed away 4 years ago. August 26, 1976. Remembered by Larry. Dianne and Andrea. 25-67x1 MCLAUGHLINI In loving memory of my dear God- father who passed away, five years ago on August 21st. Some day I hope to meet you. Some day, I know not when, We shall meet in a better land And never part again. Just a thought of sweet remembrance, Just a memory sad and true. Just the love ancede,sweet devotion Of bne who thinks of you., — Sadly missed and always remembered by his Godchild Jayne. 25-67x1 26 Per o al HAPPY ANNIVERSARY LARRY: Happy Sth Anniversary. August 23, 1980. DIANNE • 1-67x1 Mrs. Audrey Stanley, R. R. 5 Clinton, and Mr. and Mrs. Gordon Blanchard. R. R. 4 Walton are pleased to,an- nonce that Satarday, Sfrpt. ember 13th, 1980 is the ate chosen by Patti Kim nd Ronald Douglas as the first day of their married lives together. The wedding will take place at the Lion's Park Seaforth, Ontario followed by a reception at the White Carnation, Hohnesville. 26-67x1 A • HENDERSON: Mr. and Mrs. William J. Henderson (nee Nott) of Port Elgin ,are pleased to announce the birth of their son Jason John, weighing 9 lb. 15 oz: at Owen Sound Marine and General Hospital on August 13, 1980. A brother for Michael. 27-67-1 sec ;S. o set CHECKING THE COMPETITION—Winona Pipe of Seaforth looks over some of the entries in the Seaforth Horticultural Society flower show last Wednesday. Mrs. Pipe is a member of the satiety, and had several displays in the competition. (Photo by Ellis) ,ension_fund a qupstiort If who will pay in future BY JACK RIDDELL MPP. No doubt you have been aware of the controversial question, of pension funds. There is a great deal of concern about the best man- ner in which to prepare for the enormous burden which will be placed upon these furids in the early part of the 21g Century. A recent article ortet.ills suhject pointed out thee by the year 2031. - projected as the peak year for the number of elderly. in society - some- thing like 67 per cent of /he population will be over 65 years of age (33.7 per cent) or under 18 (33.3 per cent). Comparisons have been made between these project- ed figures and those for 1961 (at the height of the so-called baby boom), when 87 per cent of thp. population was under 18 (72.8 per cent) or aver 65 years of age (14.3 per cent). This represented a much higher dependent pop- ulation than at any ,time in the next fifty years. At the present time, the dependent group (those over 65 or undoe{. 18 years of age) represents some 61 per cent of the population, with 46% young people and some IS per cern senicrr citizens. Some people may try to argue that everything will even out, because it will simply be a question of substituting the care of the elderly for the care of young people. What cannot be - overlooked, of course. is the fact that the costs of raising children are. for the most part. borne by the- parents of the children themselves. On the -other hand' the highest proportion of the expenses of helping to support elderly people is paid for through taxes or levies raised by governments. NOT LIGHTER It should also be remem- bered that the burden of oaring for young people in the year 2031 will not -be noticeably lighter for those in the work force (1 child per worker is projected compar- ed with 1.2 in 1980). On the other hand. the number of dependent elderly will have more than doubled (from 0.45 per worker to 1). Moreover, the unfortunate truth is that the hoped for savings in education costs are not occurring. despite declining enrolment. Against the background of these facts. we . have to consider the question of the responsibility of future warr- ing age populations for those dr -awing pensions. Obviously we need to give some very serious consideration to the need to direct sufficient wealth into savings and productive investment in or- der to cover the demands which will be made upon pension plans in the future. One of the preblems in this connection is that, because the whole question of pen- sion funding is somewhat complicated, it is difficult to make it a focus of great public attention. Over the last three years or more, my Jack's Jottings colleague David Peterson On the other hand there will (Liberal Member for London be fewer people paying "the Centre) has been trying, as bill", or contributing to one reporter phrased it, to pension funds or contribut- convince the public that ing to taxation revenues. "we're hell-bent in our own At the present time, there complacency for economic is a debt of something like disaster if we don't start S14 -billion against the pen - paying attention to what sloth plans,. with interest governments have - and being paid at about a per - haven't - been doing with the centage point less than the billionpumped into the market rate. • Ontario for universal and special -sector instance borrows more than . pension plans. And he has 90 per cent of its money from been arguing for at ICA-Is/Public pension.plans, mainly three years now that many of the Canada Pension Plan. the private funds are in just Blame for the low interest as much of a mess." rates paid to the plans cannot What he has been saying be entirely attributed to the is, in effect, that there is ,Province. The federal Gov - likely to be a collision emment and the provinces between demographics and set the rate when the original economic • realities which conditione were negotiated could leave a lot of people in for the Canada Pension Plan, their late 30's or early 40's and the interest rate is based wondering what happened to on the long-term federal all that security they thought bond rate, which has histor- they were buying in pension ically been lower than the packages during their work- provincial rate. Aceording to ing years. . Samuel Rea, an economics FENVER,TO PAY poefessor at the University of To put the question in Toronto, who was co-author fairly simple terms, twenty of a book on Canada pension years from now in the year plans. that rate has varied 2000. there will be 50 per from just below market rate cent more Canadians over 65 to 1.65 percentage pointe demanding their pensions. less. He maintains it is "an DottArt SEASE artificial rate paid to pension plans and it is inherently a subsidy to the provinces in the form, of lower interest rates". RATE SEEMEED,FAIR 'Provincial Treasurer Frank Miler claims that at the time the deal was struck on pension plan interest rates, that rate seemed fair: "We arc getting money at a lower rate...(but) we are a prefer- red borrower. He has stated that the Government Won't hurt future generations be- cause its policy is to balance the budget within four years. At that time there won't be any need to borrow money from pension funds or else- where. That remains to be seen, of course. David Peterson has. seam- ed tVt the pension debt must be addressed very soon. Within ten to fifteen years, this province's taxpay- ers will have to pay the S14 -billion owned to pension funds, either through higher taxes or higher pension contributions. The Treasurer •agrees that the pension ovtribution rate will have to be raised in the next few years. To pay or nol to ay is question BYAllan Rosenberg, CA Under normal circum- stances, home owners are usually advised to pay for their houses as quickly as - possible. taking advantage of the "Pre -payment priv- ilege" clauses that are embodied in most mort- gages. But these are not normal times. Interest rates have risen so fast that a mort- gage issued two or three' years -ago carries a lower interest rate than banks are offering on savings. As an example, let's take a 350:000 mortgage with interest of 11 per cent and three years left to run. If the home owner pays an extra 15,000 on the anhi• versary _date this year, he Dollar Sense offers general financial advice by mem- bers, of The Institute of Chartered Accountants of Ontario. will save $550 a year for three years, or a total of 31,650. If he pays an additional 35,000 next year, he will save another 31,100. And if he pays off an additional 35,000 in the third year, he saves another 3550. Consequently; by making those three 35,000 payments, he will 'save a total of 33,300 in interest payments. There is an alternative to making those payments, however. Suppose that in- stead of putting that money into his mortgage, the home owner invests his spare cash in term deposits at the bank. If interest rates were about 14 . per cent, his first 35,000 investment will earn him 3700 in the first year, and since the first 11,000 of interest- and dividend in- come is tax exempt, il will be tax free. In the second year, the next $5,000 combined with the original 35,000 will earn 31,400 and if the second investment is made in his wife's name, the _interest remains tax ex. expt, ri,she can claim it on her tax return. The third year's 35,000 invstment brings the total investment up to 315,000 and earns 32,100, only 3100 of which is taxable. So in the three years, the 315,000 has earned $4200 -- POO more than the 33,300 which would have been. saved by applying it to the mortgage. • The home owner still has the 315,000 at the end of the three years. At mort• gage renewal time, he can decide whether to apply it to the unpaid balance, depending on interest rates then. It is worthwhile to note that interest rates are now coming down just as fast as they went up. Similarly mortgage rates are follow- ing but a little slower. The money market is so volatile now that the home owner should avoid locking his funds up for a prolong- ed period, and concentrate on- short-term deposits. He can switch his funds into one•year tent.) deposits later on if it looks like interest rates are going to continue to decline. A GOOD AO In a good publication gets read regardless of its size cr Its location. WANT PROOF? You're reading this mes- -- nage right now, aren't you? ,,AA341/i/A,A.AAAAAAir_AAARA.A.e- THIS -LOOKS INTERESTING—Aucire; MoLlwain o Seaforth checks out some of the displays at the Horticultural society's annual flower show at the Legion last Wednesday. - (Photoby Ellis) THE BEAVERETTES—More than S50 was collected from spectators at the Roth's-Expositor softball game by the Exposltbr Beaverettes Andrea Pinder and Linda Ellis, Sunday. The money will be added to that raised by the players and companies Involved and will be donated to the Seaforth Community Hospital. (Photo by Gall Placa) Notice Reflecting changes in area shopping habits the business office of The Expositor will be open Monday through Friday from 9 a.m. to 5:30 p.m, and on Saturday from 9 a.m. to 1 p.m. 1w Jiuren Ccpositor "Since 1860, Serving the Community First" PHONE 527-0240 SEAFORM A