Times Advocate, 1994-01-19, Page 5Back in
Tii'7ie from the archives of
the Times -Advocate
10 Years Ago
January 1984 - The Huron County Board of education is' not going
to close three schools slated for accommodation reviews said chair-
man John Jewitt rebuking remarks made by one of his colleagues.
Dr. John Goddard of Hensall threw questions at the board after
suggesting Hensall Public School, Vanastra Public School and
McCurdy Public School at Huron Park will be closed.
South Huron District High school teacher Joanne Young will have
to wait until March to find out what decision a judge has reached in
her trespassing charges during nuclear demonstrations. She was sus-
pended for 12 days in December but is now back on duty.
Pennits valued at $64,585 during December brought the total val-
ue of building in Exeter for 1983 to $2,286,000, an increase of 125
percent over thdprevious year.
Toronto Argonaut coach Bob O'Billovich and American League
umpire Marty Springstead will be the main speakers at the 1984 Ex-
eter Lions Sportsmen's Dinner.
2S Years Ago
January 23, 1969 - Stephen township reeve James Hayter was ac-
claimed as warden of Huron county for 1984. He has spent close to
20 years in municipal „politics. His nominator Elgin Thompson of
Tuckersmith said Hayter was a man vitally interested in his commu-
nity and church affairs. Thompson added, "Although he has never
seen the light politically I think he will make a good warden.
More than 175,000 Americans are expected to attend the Mid
America boat show in Cleveland this week and Hughes Boat Works
of Centralia have 25 and 38 foot sail boats covering the largest show
area in the Cleveland hall.
New Exeter police chief Ted Day in his first week on' the job is
tackling the problem of double parking. He suggests five minute
limits in front of the post office and two unloading zones for truck-
ers elsewhere on Main street.
Despite a move by Canada Post to cut postal services to five days
a week, Exeter Postmastir Harvey C. Pfaff will have his office open
Saturdays from 8.30 a.m. to 12.30 p.m.
50 Years Ago
January 20, - No. 9 S.F.T.S. at Centralia has again suffered a great
tragedy in the loss of an instructor and a training pilot when on a
routine flight the tail of their plane clipped a chimney on the Stanley
Dow farm in Hibbert township and crashed on the neighbouring
farm of Donald McKinnon.
Accounts paid by Exeter council Monday night included Robert-
son's Drug Store 50 cents, Louis Day, snow removal with team
$3.38 and Robert Sanders removing snow $1.80.
Stephen township reeve Alonzo McCann has asked fellow coun-
cillors to practice economy and make every effort to keep taxes
down.
Stephen township tax collector G.E. Faist reports tax arrears for
1943 at $2,360.29
Some of the Stephen salaries for 1944 are road superintendent
George Eilber 45 cents an hour; general work mart and team 60
cents per hour and man alone 35 cents and man and team for snow-
plowing 50 cents an hour.
100 Years Ago
Janu�yr , 20, 1894 - The safe at the Exeter railway station was
blown open by burglars Friday night, but there was no money in it.
The blacksmith shop of the Handford Estate has been dispose.: of
to Henry Jones at the figure of $1,065.
l
Times -Advocate, January 19, 1994
Page 5
Butche>.Doug Champ says there's more choices for today's resumed cutting meat at the store where he started in the
consumer when buying meat at local grocery stores. He has 1950s, now Theo's Food Town in Huron Park.
Champ returns to his roots
HURON PARK - If the butcher
behind themeat counter at Theo's
Foodtowneems familiar, it may be
because you `rcognize him from
years ago.
In 1957, Doug Champ worked
for what was then a Dutchboy store
in the same location.
"I'm surprised how much the area
looks the same," he said of Huron
Park.
Of course the faces have
changed, although Champ says
some people look familiar and a
few remerpber him from the old
Dutchboy store.
"But we've all aged a bit since
then," he said.
Champ began working at Food -
town when it opened this past De-
cember.
He was layed_ off from Loblaws
two years ago when the chain
closed its stores and was working
on a part time basis until this job
came about.
Champ has worked as a butcher
since 1953. A lot has changed in
the business, he said..
When he started out, it cost about
89 cents for a round stake. "Of
course wages were only about $50
a week," he said.
"Back then, I didn't know any-
thing about meat " Champ said. "It
all looked the same to me."
But as he transferred to different
grocery chains, Champ learned a
lot about the business.
Now its second nature to him.
In the early years, Champ said,
the emphasis was on service.
While that is still important to -
Deadline nearing for purchase of RRSPs
WINNIPEG - It's that time of
year again when many Canadians
must decide on how much money
they can add to their Registered Re-
tirement Savings Plan.
But with interest rates at their
lowest level in nearly 30 years, a
stock market regularly humping
new highs and an uncertain eco-
nomic outlook, conventional RRSP
wisdom of past years is being
turned upside down.
Historically, RRSPs were an
ideal vehicle for holding higher in-
terest, fixed-income investments,
such as guaranteed investment cer-
tificates, to provide shelter from
high rates of tax.
At the same time, equity invest-
ments were often held outside of
RRSPs, since capital gains and div-
idends were taxed at lower rates.
But current circumstances have
created a complete turnabout, to the
extent that the rates of return on
guaranteed investments have
STEPHEN TOWNSHIP
NOTICE TO RESIDENTS OF
STEPHEN TOWNSHIP
Residents interested in
serving on the new Stephen
Township Arena Board are
Invited to submit letters of
interest to the Council of the
Township of Stephen. -The
Board will develop policy and
provide direction for the
operation of the arena facility
in Huron Park. As well, the
Board will act as a strong
community advocate group to
plan and promote the
potential expansion of the
facili'y and its programs.
Any resident of the Township
interested in volunteering
should submit a letter to
Council before January 41st,
11994.
Larry R. Brown
Administrator
dropped to very low levels. So con-
sumers must consider a fresh -ap-
proach to their RRSP planning and
investment choices.
Glen Torgerson, Senior Vice
President, Marketing, ,for Investors
Group Inc., Canada's largest mutual
fund and financial planning organi-
zation, suggests there are a number
of remedies people should consid-
er. If, for example, individuals nor-
mally make their RRSP contribu-
tion just ahead of the February 28
deadline, they will achieve relief on
their 1993 income tax but will miss
out on a large measure of RRSP
growth, particularly over the long
tern.
He said that if a person were to
make a $ Low contribution at dead-
line time for 110 years, the total ac-
cumulated at a 10 percent return
would be just under $474,(00. By
comparison, had the $1,000 annual
contribution been made at the be-
ginning of each tax year over the
40 years, the accumulated total
would be over $522,000. That's a
difference of over $48,000 and, de-
pending on an individual's income
situation at the time of withdrawal,
this could be tax free.
But this is just one of the small
advantages of making early contri-
butions to an RRSP program. Tor-
gerson says that since RRSPs were
first introduced in 1957, the two
most compelling arguments for
having 4111 RRSP have been to re-
duce tax, especially during peak
earning years, and to provide an in-
dependent source of retireme t in-
come. According to Torgers>, the
average Canadian's RRSP contribu-
lion can be offset by up to 33 per-.
cent of income tax savings.
Put another way, this means that
many individuals need only take
Icss than $700 from their net dis-
posable income to make a $1,(XX)
RRSP contribution.
The rules governing contributions
tor the 1993 tax year remain essen-
tially unchanged from those of
1992. Canadians can contribute up
to $12,500 or 18 percent of their
prior year's earned income, which-
ever is less. If you are a member of
a registered pension plan or de-
ferred profit sharing plan sponsored
by an employer, the $12,500 or 18
percent of earned income is re-
duced by any pension adjustments.
Recent suggestions from some
sources about a need to reduce
RRSP annual contribution limits
for high income earners, possibly
lowering the annual maximum to
$8,500, may be a signal that chang-
es can be expected. Consequently,
Torgerson advises that those indi-
viduals who are entitled and in a
position to make the current maxi-
mum contributions might be wise
to do so before the new federal
budget is tabled in late February.
NESBITT THOMSON AND BANK OF MONTREAL
are pleased to invite you to attend a
free information seminar on
RRSP INVESTMENT
STRATEGIES
TUESDAY, JANUARY 25, 1994, 7:30 P.M.
EXETER LEGION HALL, EXETER
presented by
C mmunity Banking Manager, Bank of Montreal
Se for Investment Advisor, Nesbitt Thomson
Inv atment Advisor, Nesbitt Thomson
Investment Advisor, Nesbitt Thomson
R.S.V.P. Ev Durnin,
John Quinn
Ward Fowler
Janet Moffatt
Richard Nemeth
Reservations required:
Bank of Montreal
Exeter 235-2810
or your local Bank of Montreal or Nesbitt Thomson
Refreshments to follow
L`J.1✓../✓✓✓..1,!✓✓.1./.1✓,.1✓✓✓.�yl. Y..'/Y_'/_'l_'�'/_'r'_�:�.Y'/�^/'r'l'/_'/.Y'l,`i'r�'r^i^/.1_Y_' ^/J.l_/Yy./J
1.
day, he said presentation is more of
a selling point.
"There are now a lot more cuts of
meat to chose from, too" he said.
And in the last few years he has
also noticed people are more aware
of the food they buy.
"People tend to buy more chicken
than beef now," he said.
"People cheat themselves on
food," Champ said.
"They will buy expensive cars
and cut costs where it's important -
with food. That means you cheat
yourself on good health."
INVESTMENTS
GIC/RSP
1Yr. -4.00%
3 Yr. - 4.75%
5 Yr. - 6.00%
• r I
Segregated
Funds
1 YR. - 22.76% i
2 YR. - 12.63% l
3 YR. - 15.66% I - _. -•
{
r:
.-71—
i
Illig Gaiser-Kneale i
Gaiser-Kneale
235-2420,238-8484
• GIC rates subject to change. Short-
term rates available. Segregated fund
rates reflect actual past performance.
Future returns wiil vary.
BUSINESS
DIRECTORY
AUCTIONEERS
FILSON & ROBSON
The Experienced
Auctioneers that
Guarantee You More SS
Considering A Sale or
Need an Appraisal
666-0833 666-1967
Call Collect
Supplying you with 38 years
Efficient Service
• Mobile Office
• Immediate Payment
,3 Auctioneers
rt is our pleasure to serve you
HAIR STYLIST
MOUSSEAU
AUCTION SERVICES
Complete Auction
Service
RR 2 Hensall
Anne & Brad
Mousseau,
Auctioneers
236-4558
REPAIRS
Sewing Machine
Repairs
to all makes
Free estimates
90 Day Warranty
Experienced since 1952
Sew and Save
Centre Ltd.
149 Downls $t., Stratford
Phone 271.9680
MANAGEMENT
SERVICES
FRED
SIMMONS
Management Services
Income Tax, Business
Plans, Contract
Accounting
235-1854
164 Sanders St. E.,
Exeter Ont. NOM 1S1
Bob Heywood
. Licensed Auctioneer
Specializing in
household and
estate auctions
Reasonable rates
Bob 235-0874
Laveme 235-1278
THERAPIST
LORI FABER
Registered Massage
Therapist
By appointment only
438 Main St.,
Exeter, Ontario
(G.A. Webb •
Chiropractic Office)
Phone (519) 235-3722
HAIR STYLIST
Culling e
10 Weltington St. & Main
(Beside Murphy's)
235 -HAIR
(4247)
Vicki Parsons. Kim Scott
Terri Farquhar
Waxing and oar piercing
Seniors discount on Mon.,
Tues., Wad.
Advertise
here and
watch
your
business
grow