Times Advocate, 1997-08-13, Page 5fT•.s YOUR Rir.srNFSS
f,rflr'.-Advocate, August 13, 1997
Page 5
Composition winner
First place effort. Justin Johnston of Exeter displays his
first place certificate from .the Global Challenge Club writing
competition held- in conjuration with the round-the=world
yacht race: His composition was -entitled "My life and the -
challenges •1 have faced." Johnston's teacher at South Hu-
ron District High Shool, Janet Clarke. received his award on
his behalf while in England this summer. -
Network launches new
Scotiabank intends to minimize job Magazine
losses in National Trust takeover
i'ORONTO Scotiabank an-
nounced recent! j• that it has re -
cel ed all of the regulatory approv-
als necessary to proceed with the
acquisition of National Trustco Inc.
previously-announced--Yon-lune 2a:
The.. oiler was approved by Onta-
rio's Superintendent of Deposit In-
stitutions. the federal Supertntem
dent -of Financial institutions and
the federal \1ini ter uf-Finance.'
.The Bank',- offer to acquire the
outstanding ,hare continued to he
.a•:nlahle to sharehi hlcrs untilTAti-
_use I I ‘12:0(1_ midnight local-011ie
at the place of deposal. I1 i. trans-
action. is valued at • CS 1.25 hillinn _
and i' cspected- to he finalized .hy
August 34. 1997. - .
. Alter we take up and pay for the
shares: ‘1,111,-h •4. expect to It h.
August '14. we will he in.,lposition
[(,begi). working,with the National
-'rrOstco team to integrate our -two
• organizations. ' exptamcd . Peter
(inil.oe. Chairman and Chief I.xec-
uli\e Obider:,:Scott:ahank, "Scolia-
hank- and -National Foist- ,ire high
clminiuntly-based - _ ircanizat)om,
.which share along tradition ot prof--
vuting.excellent customer service sir
the local Ic%°c1. WI?look tor-ward14)
building on this wrong history, by.
providin-g National Frust a ton1crs
with .1.w range of. roducts and
services and much greater .;hoice in -
'how -:.when and Where they hank.`
•
-Ill any ,lc.luisltiIW •oI this .type.
there are inxarlably«ime jsth :e-
lii -tri s .is.operatiiins are. integral-
li anti rationalized:: (ienlstn .on-
unuea \::a responsible. Sarin
•:•niplua•er.' we reciignize that there
.ireuntierstandahle concern,
timing employees and:thc_:o_mmu
nitres- in which they live. -shout pti-
tcntial lob losses res(dting trim -this
acquisition. In. addition. Miring the
•re•tul:utirx apprso•':il prnccss- it he-.-
;:anie den :lean that the federal
'(t‘erninent •shares these :onccrns.
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H[ RO\• COLN"F1' ilio lied .-re,ouri•e much easter. _xptained •
Humin Intitrnl:nicin Director. n.uie - • Beth.- Riess- County I.Ihranan anis
its debut rc entry at a.latin,,t ,t , Chair Of the Intorrnation Commit -
lunch" ,11 the :Huron County lie:uih r: ',i. he Huron (',tnununu\ Ser -.-
and Library' Ctmtplex:It-is the new •... \env;rk•. otic group responsi- .
- est ediitoit slltceal)e eery slid, e .fur )i:• r the development of ;tic
-1993 .ersion, ,dso ;.ilhhshe1 h. it,. ';