Times-Advocate, 1987-10-07, Page 18Page 6A Times -Advocate, October 7, 1987
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RADIO CELEBRITY - Financial wizard Brian Costello autographs o
copy of one of his books after his seminar at the Hensall Community
Centre Thursday.
Costello speaks in Hensall
Armed with alarming figures and
an acute business sense, radia finan-
cial celebrity, Brian Costello, spoke
to a crowd of 500 at Hensall arena
Thursday evening.
Perhaps the main attraction to the
event was the $1000 door prize, but
many of (nose wno auenaea came to
hear Costello's-ad' ow :lo
manage their money and also to heal-
some
earsome of his famed wit. - -
"Everybody should own Canada
savings bonds," Costello assured the
audience, "but net'er more than a
hundred -dollars' worth." He capped
the joke by citing that the bonds are
as good as the government.
In all seriousness, Costello was cau-
tioning the audience against letting
their interest income be devoured by
inflation and taxes.
Costello continued to shock the au-
dience by illustrating the -horrors of
inflation. Ile explained that a six per-
cent inflation rate would mean a 50
year old person would have to have an
annual income of $71,892 by the time
he or she retired just to maintain the
standard of living now afforded by
$30,000 a year.
The average Canadian currently
spends approximately 54 percent of
his income on taxes, according to
Costello. His advice is essentially to
reduce taxes to the lowest possible
amount and to maximize any capital
• e, because -i y
:'We have to change the way we use
. • the tax credit system," declared
Costello, addi��iig this is especially im-
•' 'portant now that tax reform is on its
way. "The tax rules are going to
change dramatically."
RRSPs, in Costello's opinion, are an
excellent investment because of their
tax-free status. "It's a combination of
a tax free environment and the
highest yield you can get." .
On the other hand, Costello con-
' sidered Guaranteed Investment Cer-
tificates to be a poor investment
because that interest income will be
taxed as of next year. He did say,
however, that if banks are able to
guarantee these certificates, then it
stands to reason that the bank itself
should be a good investment.
"If they're not good enough to own,
they're not good enough to lend to,"
said Costello, explaining that the
safest way to own a bank is through
the purchase of shares from a mutual
fund. He provided statistics to show
that many mutual funds are con-
_ showing return rates of up
to 30 percent a year.
Huron needs Foster Parents
There is a great need for Foster
Parents to provide care for children
with emotional. and/or behavioural
problems as well as teenagers in
Huron County. Anyone interested in
learning more may contact Norma
Jeffrey or Ann Miller at Family and
Children's Services 524-7356.
Gymnastics
If you have children aged three and
up they are invited to register for the
Hensall Gymnastics Club on October
14 from 7-8 p.m. at the Public School
'Gym.
The twenty -week session begins
Wednesday October 21. and the cost
is only $25 per child. Qualified
teachers are Starr Jesney and Lea
Barnard. For -more information call
Launda 262-2826 or Gwen 262-2736.
UCW
Elva Forrest - opened the
Thanksgiving meeting of Unit IV
U.C.W. with a poem of thanks follow-
ed by prayer. Eileen Rannie based
her devotion on Thessalonians
Chapter 1.
Offering was received and
dedicated and the minutes were read
and approved. Twenty members
answered the roll call and 51 visits
were reported. Nell Riley gave the
treasurer's report.
There will be a general meeting on
October 19 and vote will be held on
restructuring the U.C.W. Rena
Caldwell shared loving thoughts of
the dedication to her church shown by
the late Maabel Shirray.
Olga Chipchase gave an account of
Oke plans
Elizabeth Oke, Hensall clerk -
treasurer of 10,.years, is planning to
retire from the position next January.
"I'm leaving with the same en-
thusiasm that I arrived with,"
remarked Oke to dispel airy rumors
to the contrary. She simply said that
she thought that this might be a good
time to retire.
"I reached themagicage of 55. and
what better time to do it."
Oke intends to help with the family
business, Oke Woodsmith Building
Systems Inc. and perhaps "maybe a
little time for myself."
Her career includes serving as
Clerk -Treasurer for. Zurich. before
two missionary couples who have
found, fulfilment practising in Japan
where the people are so loving and
supportive. Another couple serving in
Zambia found the same joy.
A delectable lunch was served by
Pearl Shaddick and Rena Caldwell.
Shuffleboard
Shuffleboard scores for Thursday.
September 29 - Ladies high scorers .
were Pearl McKnight 427. Emma
Campbell 330, Marg Consitt 289:
High men were Jack Consitt 469.
Dave Kyle 377, and John Pepper with
:329.
United Church .
A number of exciting courses and
events are available through the
United Church and other agencies.
Check the bulletin in the church
lobby.
The Official Board meets this
Thursday at the church. The Ex-
ecutive will meet at 7:30, committees
at 8 and the full Board at 8:30.
Anyone interested in joining a Bi-
ble Study group should contact Rev,.
Wright as soon as possible. Would you
prefer a.m., afternoon or evenings,
Thematic study or one particular
book of the Bible?
All U.C.W. members please plan on
attending the general meeting Oc-
tober 19 at 8 p.m.
Unit Two U.C.W. meeting is
postponed until October 19 at 7:45 at
the church.
Rec hockey
'Hensall Men's Rec. Hockey will
start October 8 at the Arena. For -
retirement
taking on the position in Hensall, but.
despite the word "retirement", Oke
promises to remain active and visible
in the community.
"I won't be Tying on the couch,
that's for sure." Hensall reeve Jim
Robinson expressed regret at losing
the village's clerk -treasurer of the
-past decade.
"I feel that Betty has been an ex-
cellent asset to the Village of Hen-
sall," said Robinson. "She has made
quite an impression on this council
and on previous councils."
He summed up Oke's contribution
in a few short words that speak
volumes: "I am sure she'll be.
missed."
Queeni wQueenJway flew)
Hello! Welcome to Queensway
news.
Monday afternoon severJl
residents enjoyed bingo assisted by
members of our Ladies Auxiliary.
After bingo was a special treat with
a sing song led by Laurene Madge,
Lorne Hyde and Gord Harrison of
Goderich. We all enjoyed their en-
thusiastic, energetic program.
Tuesday afternoon Reverend Sto-
jkovic led our worship service with
his wife Jill as pianist. Father Mooney
also visited our Catholic residents.
Wednesday morning we worked out
at fun and fitness and followed with
choir practice. In the afternoon with
the help of Iva Reid several residents
bowled at the Zurich bowling lanes.
Gord Beierling was men's .high.
Muriel Gunning was tops for the -
ladies. We enjoyed refreshments
after bowling as we sat and visited for
a while with Marlene and Tony the
proprietors of the Zurich Lanes.
Thursday a record number of
residents viewed our movie of the
week.."On Golden .Pond".
Friday the Baking Club met and
made beautiful moist zucchini muf-
fins with zucchini donated by Marg
Crich. Our thanks to VWIma Robinson
who was our volunteer at crafts Fri-
day afternoon. We are making
cushions for a future craft sale. We've
discovered some of our jadies are still
quite adept with a needle and thread.
Meals on Wheels are available to
seniors in our community. For more
information. please call the nursing
home at 262-2830.
more info. contact Derek at 262-2402
or Tom 262.-2438. Registration is
first-come, first-served basis.
Work-a-thon -
Hensall Public School will be
holding a Work-a-thon on Friday Oc-
tober 9 with proceeds going to M.S.
research. If you have fall clean-up or
other odd jobs that a student can do
call 262-2833. The student crews will
be available October 9 from -1-1:30 in
the afternoon.
Plowing champion
Paul Dodds, Seaforth, grandson of
Sim and Mary Roobol of Hensall
became the Canadian Junior Cham-
pion at the National Plowing Match
in Sherbrooke, Quebec. Paul
represented Huron County and was
the winner for the second year in a
row. This is the first time anyone has
ieved victory on two consecutive
cars. Congratulations on a job well
done.
Northcrest news
Mr. David Britton with son Zachary
visited his mother Mrs. Nan Britton
last Saturday evening.
We welcome Mrs. Christina Taylor
to our family at Northcrest and hope
she will be very happy in her new
residence.
Mrs. Mary Merritt of Poway,
California is spending a few days with
her parents Mr. and Mrs. Carl Payne.
Mrs. Jessie Armstrong has return-
ed home to Northcrest after having
been a patient in South Huron
Hospital, Exeter.
RESEARCH — Janice Bonthron visits Fife, Scotland while in Britain
for her studies in genealogy.
Bonthron tours Scotland
This past summer Janice Bonthron,
daughter of the late H.J. Bonthron
and Doris Bonthron, formerly of Hen-
sall, travelled to Scotland to pursue
her genealogical research.•b
Janice met Mark Bonthron, a dis-
tant cousin with whom she haseen
corresponding for a couple of years.
Mark has done extensive.research on
his own family and has traced
Janice's family back to 1660. Janice
travelled to the county of Fife, visiting
the small fishing villages along the
coast. In East Wemys the tombstones
of ancestors still stand in the
graveyard by the sea.
In the Fife Advertiser of May 26,
1855 James Bonthron and Catherine
(Deas) Bonthron were given' a
farewell dinner at Robert Bonthron's
Inn before their departure for
Canada. With them were their
children Margaret, William,Robert,
James, Isabella and Catherine.
They travelled to Warrensville
which later came to be known as
Rodgerville. Two further children,
Christian and Janet (also known as
Jessie) were born in Upper Canada.
James Bonthron was a merchant
and owned a general store and post of-
fice in Rodgerville in the late 1880's.
His son Robert married Mariah White
and they operated a store.on Ilensall's
Main Street.
They raised their family, Florence
Edna (Joynt), Louise (Simpson),
Margaret (VairI, Edith (McMartin),
William Deas, Frederick George and
J'anice's grandfather, James White,
in Hensall.
There were other Bonthrons in the
area. James Bonthron, a cousin of
Robert, his wife Janet Logie and
family lived in Hay township and
their decendents still live in the vicin-
ty. Thomas Bonthron and family
farmed in Hay in the 1870's but mov-
ed to Southhampton to become a
fisherman like his Scottish relatives.
Scotland was beautiful this summer
and one of the highlights of Janice's
trip was discovering Bonthron Lane
in the town of Buckhaven. Mark and
Janice visited the library and the
museum and discovered a few facts
which have been helpful in their con-
tinuing research.
Janice travelled throughout Britain
before journeying to France.
A gift from Mark will always re-
mind Janice of her time spent travell- •
ing through Fife on the Bonthron trail
is a copy of "The Fair Maid of Perth" .
by Sir Walter Scott. One of the book's
characters is a Bonthron. A most ap-
propriate gift for a librarian carrying
the name of Bonthron.
Costello also displayed some of his
financial wizardry in his tale of how
he dealt with a question from a 30
year-old woman who asked him what
he would do with $200 a month.
He replied that -the $2400 a year
itself was not much to invest with, but
it could service the interest on a
$20,000 loan. This $20,000 could, in
. turn. be invested in a mutual fund
with a conservative return of 18 per-
cent per year.
This investment would double itself
every four years, and thus yield a -
balance of $2.4 million by the time the
lady is 66. Other financial tricks are
still available to the tax r' •er,-such as
income splitting, but Costello stresses
the importance of hiring the services
of a professional financial planner in
order to get'the most use of these
benefits.
"Use a professional, you'll be much
further ahead," advised Costello with
the reminder he no longer provides
these services and is not -trying to
is-owo-business.
Costello conducts about 200
seminars each year and is busy pro-
moting his books, all in addition to his
popular radio broadcasts.
Thursday's seminar was sponsored
by the Financial Centre in Goderich.
Representative David Little explain-
ed that Hensall was chosen for the
location of this year's seminar
because.it was a part of the region he
felt merited attention. Even so, Lit-
tle acknowledged that Thursday's au-
dience had arrived from as far away
as London and Stratford.
Previous financial seminars had
been held in Wingham, Clinton and
Goderich.
S 1000 - - Phyllis Ballantyne of Clinton receives the grand door prize
of $1,000 from Dave Little of the. Financial Centre of Goderich at the
financial seminar in Hensoll's Community Centre.
•
Hensall
and district news
Susan Hartman
262-2449
• 1,4
i
and Dr. W. O'Connor
are pleased to announce that on
October 7, 1987
HENSALL MEDICAL CENTRE
is moving to new offices 'in the
Village Walk Mall, 122 King St., Hensall, Ont.
Postal Address: Box 159, Phone: 262-3140
If you're looking for carpet on vinyl for a
small area or an entire house
• Save time • Save money
• See us first
Do it yourself or hove our
installer Ed Allen do it for ou
WINNER Judy and Doug Rohde of Exeter have won the Hensall
Kinsman Trip of the Month draw. They will be basking in the sun-
shine of Cartagena, Columbia for seven Boys. This is the second time
this year they have won the draw after winning the trip to Hawaii
in January. "I can't beleive this," said Mr. Rohde.
Middegaal
•
INSTALLATION
Seaforth 234 Main St. N. 527-0104
NOTICE
Township of Hay
Highway 21 Main Trunk Waterline
Properties FRONTING Highway 21 may now
connect into the waterline. The Projects
Officer, Barbara Rau, must be notified before
you dig.
Phone 236-7396
Credit Union Day
October 15, 1987
Come and join us for coffee and
donuts
Clinton Community
CREDIT UNION Ltd.
Exeter Branch
374 Main St.
Exeter, Ontario
NOM 150
235-0640
Clinton Branch
70 Ontario St.
Clinton, Ontario
NOM 1L0
482-3467
1