The Huron Expositor, 1983-06-01, Page 19AWARDS WERE PRESENTED at a 4-H achievement night in Ethel public school last
Wednesday. County honours were presented to, back from left: Wendy Boylan, Audra
Prescott, Marie Perri, Colleen Lichti, and Sue Hickson. Front: Glenda Lammerant, Carol
Axtmann, and Doris Glanville. Tne awards were presented by Huron home economist,
Jane Muegge. / (Wasglnk photo)
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THE HURON EXPOSITOR, JUNE 1, 1983 — A19
Happy Gang invited on bus trip
Correspondent
DORA SHOBBROOK
523-4250
Happy Gang Seniors met
May 25. The Blyth Swinging
Seniors and the horticultural
society are having a bus trip,
June 16 to Lake Simcoe and
the Holland Marsh. The June
29 meeting will see the
paying of dues. Card winners
were: ladies high - Dora
Shobbrook, lone hands -
Vietta Hoggart, low - Beth
Knox, mens high - Russell
Good, lone hands - Jean
Scott (playing as a man), low
- Hazel Watkins (playing as a
man). Lunch was served by
Hazel Reid and Gloria Mc -
Ewing.
PERSONALS
Visitors with Mr. and
Mrs. Vic Stackhouse and
family were his parents Mr.
and Mrs. Victor Stackhouse
from St. John, New Bruns-
wick, his sister Lois Tapley
front Lake Cowichan B.C.,
bros. Ste -vel. atnd Giles of St.
John, New Brunswick. All
were guests at the wedding
of kkiurie Lynn Stackhouse
and Fred Ranter at Wood-
stock Maranatha Christian
Reformed church, May 27.
On Sunday Jim McEwing,
Cliff Saundercock, Gordon
Shobbrook and Roy Vodden
from here attended the Clin-
ton Legion Golf Tournament
in Goderich. Cliff won 2nd
prize. Gordon and Roy each,
won a prize also.
Mr. and Mrs. Bob Thomp-
son spent the weekend with
her father Wm. Hamilton at
Moorefield.
Mrs. Corea Alabas of
Woodstock visited with her
cousins. Mr. and Mrs. Airie
Duizer.
Mr. and Mrs. Jim Mc -
Ewing and Mr. and Mrs. Art
Colson spent last weekend at
a hunt camp in Muskoka.
Visitors on Friday with Mr.
and Mrs. Bob Burns were
her sister Mr. and Mrs.
Irvine Keys of Glammis.
Mrs. Hazel Draper of
Toronto spent a few days
with her sister-in-law Hazel
Watkins, 'when she attended
the funeral of her mother-in-
law, Mts. Gladys Draper in
Clinton.
Mr. and Mrs. Ted Fother-
gill attended ,the 40th wed-
ding anniversary of his cou-
sin Mr. and Mrs. Harvey
McDowell in Blyth May 22.
Mrs. Dora Shobbrook,
Thelma Ellerby, Chastity
Colquhon, and Marsha Mil-
ler visited on Sunday with
Ross Millson and family and
with Muriel at Woodstock
Hospital where she is having
surgery.
Tne W.I. citizenship meet-
ing will be held June 8, 8
p.m. when Happy Gang
Seniors and Cheerio Club
will be guests.
We welcome Mr. and Mrs.
Clayton Hodgens from Clin-
ton to the house of her
mother Mrs.. Verna Glazier.
Mr. and Mrs. Wilmer
Glousher visited on Sunday
with her sister Mr.and Mrs.
Nelson McClure, Seaforth.
STAG
United church greeters
were Edythe Beacom, El-
wood Mitchell, Kathy Ken-
'nedv. Theresa Knox, Vicki
Riley, and Elizabeth Swan.
Next Sunday the youth ,group
will conduct service with
Hulled Central senior class.
Managing your money
for
HAROLD
VAN DOORNIK
June 3
Elizabeth Swan was present-
ed with a bible on her 9th
birthday, atoiduating fromthe
the Junior congregation.,
Savings much safer
BY HARRY L. MARDON
The savings of millions of Canadians
became a whole lot more secure this month.
Royal assent has been given to federal
legislation which triples the amount of
coverage provided by the Canada Deposit
Insurance Corporation (CIDC). It has gone
from 520,000 to 560,000.
However, the legislation only covers
certain types of financial institutions. These
are chartered banks, trust companies and
mortgage loan companies. If they operate
under federal charters they automatically
belong to the CIDC. which was established
in 1967 to protect the savings deposits of
Canadians.
Any banks, trust companies and mort-
gage loan companies which operate under
provincial government charters also may
qualify for membership in the CIDC. But
they have to meet Certain standards and
conditions.
What the CIDC does is provide insurance
coverage for depositors in the event a
financial institution goes into bankruptcy,
or for some other reason is unable to make
good on its pledge to repay the money
placed in its care by depositors. In fact,
depositors loan money to financial institu-
tions when they place their savings or _ into an account, or accoun
certain types of investments with them. The "B". Your money in Bank "B" would all be
CIDC guarantees that these loans will be insured. You could add another $30,000 of
repaid to the depositor. deposits with Bank "B" before you'd reach
This insurance coverage doesn't cost the your insurable limit with that institution.
depositor anything. directly. The premiums You'd have to be pretty wealthy in cash
to provide this coverage are paid to the terms before you ran out of Canadian
CIDC by the financial institutions which are chartered banks, each providing you with
member -companies of the CIDC. Of course. $60,000 insurance coverage an your depos-
indirectly these premiums are a cost to its.
depositors as they are built into the overall (Mr. Mardon, formerly business editor of
cost of doing business and therefore passed the Winnipeg Tribune, is manager of
along to the consumer. corporate communications for The Invest -
It's important to note that only certain ors Group, the Winnipeg -based financial
types of savings and investments are planning services company.)
protected by the CIDC coverage. These
include an individual's savings and chequ-
ing accounts, money orders, term deposits
and guaranteed investment certificates.
Howver, there are.limitations. One is that
a term deposit must be redeemable on or
before five years from the date of the
deposit. else it's not covered by the
insurance. plan. Another is that a deposit
such as a guaranteed investment certificate
(and the paper records of the financial
institution) should name the person entitled
to• repayment of the funds deposited in the
GIC. •
The maximum deposit covered by the
CIDC insurance is 560,000 for each
individual. That's not as restrictive as it
appears. That limit only applies to an
'individual's account or accounts with the
same financial institution.
For example, suppose you have a savings
account with Bank "A" with $40,000 in it. -
You also had $40.000 of term) deposits with
the bank and 510,000 in your chequing
account. The total of your three different
accounts is $90,000. Only $60 000 is covered
by the CIDC.
If you're very safety -minded it would be
advisable for you to transfer a t least 530,000
s, with Bank
•SEEDS
... •FERTILIZERS
VERBEEK'S
FARM & GARDEN CENTRE
lost st., cumon 482-9333
PROUD OF THEIR WORK—A group of local people finished many hours of weekly
ceramics classes at Seaforth Manor. With some of the items they've made are: Evelyn
Carter; Betty McGregor; Janette Stoll; Debbie Hill; Ruth Nolan; Dorothea Williamson;
Laverne Night; Mary Finlayson and Betty Huisser. Front: Angela Stoll; Debbie Nolan and
Michael Stoll. (Photo by Ron Broome)
NOTICE
'CONCRETE FORMING SPECIALS
Fast Reliable And Competitive Pricing For
The Residential -Industrial -Farming Communities
CONCRETE WALLS
Example 8 inch Walls up to 41/2 ft. high.. °1000/lin. ft.
10 inch Walls up to 4'/2 ft. high.'1155/ lin. ft.
8 Inch Walls up to 7' 8" high ...'1550/lin. ft.
10 inch Walls up to 7' 8" high .. `1700/Iin. ft.
Additional Moving Charge Of '15000 on orders under 100 lin. ft.
FOOTING PRICED ON REQUEST
FLOORS
1000 SQ. FT. AND OVER
20` per sq. ft. power trowelled.
124 per sq. ft. float finish only.
CONCRETE EXTRA
CASH DISCOUNTS
5% TO THE FIRST 100 SIGNED CONTRACTS ,
SPECIAL 10% CASH DISCOUNT TO FARMERS.
)fCOQrt
HWY _ NO. 21 SOUTH
BMF%ELD RGODER%CH
ONLY QUAUTY HY-TEST
READYMIX USED
Phone A & W Concrete Forming & Finishing Est 1971
CALL COLLECT: 482-9611
Now Serving Lambton - Middlesex & Huron Counties
PLAN NOW TO ATTEND....
YOU WON'T WANT TO MISS IT!