Times Advocate, 1994-12-7, Page 15Page 15
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Tintes-Advocate, December 7, 1994
MP --Suckle hosts public forum
Educational reform, and student loans were hot topics
By Heather Vincent
T -A Staff
EXETER - Emotions ran high
during open discussion over the re-
form of social programs at Huron -
Bruce MP Paul Steckle's public for-
um Thursday evening.
The topic which raised the most
debate was not reform to social se-
curity but rather the provincial is-
sue of post -secondary education.
Massive tuition hikes have students
concerned over their access to a
university education. Although stu-
dent loans are available, all grants
to students have been abolished.
The prospect of accumulating
$100,000 in loans which have to be
paid back with interest upon find-
ing employment is daunting to stu-
dents preparing to enter university.
Adults at the forum felt strongly
as did Steckle, that university is an
investment in the future the same
way starting a business is an in-
vestment. There is no guarantee
that either will provide a good fi-
nancial return. It is a gamble.
One student expressed her con-
cern over the current trend in Can-
ada to follow the American model
of making university available only
to a small affluent group. "This is a
delicate issue being dealt with by a
bulldozer," she said.
The federal government plays a
supporting role in helping fund pro-
vincially administrated education.
Federal spending on post-
secondary education totals $8 bil-
lion a year. Most of this comes
through transfer payments. The
federal government also spends
$500 million on students loans.
June McClelland, a member of the
audience, voiced concern over the
repayment of student loans. "It is
not fair to the working person."
Suggestions were mate that loan
repayment be tailored to the fi-
nancial situation of recent gradu-
ates. In the current economic situa-
tion, students may not immediately
find the high paying jobs they ex-
pected. All agreed that monthly re-
payment of student loans should re-
flect the salary earned and be
spread out over a manageable
amount of time.
Steckle said he supports the re-
alignment of the educational sys-
tem to better meet Canada's needs.
He is also in support of following
the European model of apprentice-
ships, providing employers with in-
centives to participate in these pro -
Huron Bruce MP Paul Steckle addresses the public meeting he hosted Thursday evening in Ex-
eter.
Co-op store plans re -location
Hensall District Co-op holds its annual general meeting
By Heather Vincent
T -A Staff
EXETER - The Hensall Dis-
trict Co-op store, located at 206
Victoria Street West, is to be
moved to a site at the north end
of town just outside of Exeter.
The rationale for the move is to
better serve its members, both
full-time and part-time farmers.
The location is considered to be
more viable because it will pro-
vide better visibility.
"A completion date in the
1994-95 fiscal year will be at-
tainable", said board president
Martin Van Raay during the an-
nual meeting last Wednesday
morning. The details of the re-
location are still being worked
out.
Growmark, an American com-
pany based in Illinois, Iowa and
Wisconsin, has made an offer to
purchase the assets of United
Co -Operatives of Ontario.
Growmark has 90 members and
$200 million in equity. Last
week it was voted to sell the as-
sets and it will go ahead if 75
percent of the membership signs
the agreement.
Van Raay fielded several ques-
tions regarding the effect this buy-
out would have on the Hensall
Co-op. The membership was as-
sured that the Co-op would ben-
efit from dividend profits which
would flow back to the members.
Growmark would also assist in
evaluating potential management
and help make the region profit-
able again by increasing the vol-
ume of manufacturers who will
use our product.
Members voiced concern that
Hensall would lose its ability to
make decisions and autonomy in
the local area. The board said that
they would not sign any agree-
ment which would jeopardize
their local control. The Co-op is
seeking legal counsel to fully un-
derstand the ramifications of the
agreement.
This is the 57th year of the Hen-
sall Co-op. During the past year
the major investment was in the
completion of the bean processing
facility. This added value com-
ponent gives the co-op the ability
to pass on value to those who grow
the crops. At the moment, the
plant processes white beans but
possibilities exist for coloured
beans and edible soy beans.
The Co-op purchased the Cargill
fertilizer storage and blending fa-
cility in Ailsa Craig. Two new
Rogators were purchased to ex-
pand the custom chemical applica-
tion service.
The Co-op has grown from a
$40 million business to a $100
million business, said Van, Raay,
during the six years he has been
with the board. The co-op in-
vested $4,927,697 in fixed assets
and attained a net profit of
$1,157,890.
Jim Papple is retiring afterieight
years on the hoard. The meeting
elected three new director for the
next three year term. Martin Van
Raay, Bill Gibson and Bill Wal-
lace were elected as directors. The
new president will be announced
this Friday.
New phone service for Grand Bend?
A reseller says it can provide residents with a cheaper alternative
GRAND BEND - For those who
live in the village of Grand Bend,
getting your monthly phone hill
can be a bit of a shocker, especially
those long distance calls.
Local residents will quickly attest
to the fact that calling to London
costs as it is not a local call and be-
lieve it or not, even calling to Exet-
er, Crediton and Centralia is a long
distance call.
Monday, representatives of the
London division of Niagara Tele-
communications visited Grand
Bend and told council it could pro-
vide a much cheaper long distance
service.
So much cheaper that it brought a
great deal of interest from mayor
Cam Ivey who responded, "there
will be some considerable interest
up here."
Roy LeBlanc and Diana Fiorino
from Niagara Telecommunications
said that both Grand Bend, and an-
other community they are trying to
service, West Lorne, arc a little be-
hind the telephone times.
"They're (West Lorne and Grand
Bend) thought of as dinosaurs of
the phone industry," said LeBlanc.
He explained that his company
will be able to provide Grand Bend
customers with long distance ser-
vice to ,• London, Exeter, Crediton,
Centralia, Hensall, Lucan and Kirk -
ton for $18.95.
That would be on top of the
$13.90 customers already to the lo-
cal phone company, Hay Municipal
Telephone. LeBlanc said his com-
pany can provide up to 35 percent
in discounts on top of Bell Canada's
rates.
"As a company, we're looking at
talking to local areas that have lim-
ited calling," said LeBlanc.
Councillor Shirley Andraza want-
ed to know if there was a certain
number of customers the new com-
pany needed before they came into
Grand Bend. LeBlanc said nmh-
ahly about 30.
Ivey suggested LeBlanc and Fi-
orino contact the Grand Bend and
Area Chamber of Commerce for its
response.
5-i oI__I4 -I—
• - N - Q.
• Specializing in farm &
business income tax
• Computerized
bookkeeping
• Capital gain elections
• 94 High Street, Ailsa
Craig, NOM 1A0
519-293-3388
Fax 519-296-5999
10 Main St. Thedford
NOM 2N0
519-298-5380
1-800-304-3988
Ask for Ron Steeper
grams. Co-op education has had
success at several Ontario uni-
versities including Waterloo.
These programs provide students
with valuable experience, a connec-
tion with an employer as well as a
means to earn money.
A second topic which raised con-
cern was reform to the un-
employment insurance program.
Unemployment insurance was
created in 1942 to help those able
to work and available to work but
unable to find work. Today it also
tries to cover disability, pregnancy
and seasonal layoffs.
The group discussion over UI
supported a back to basics ap-
proach to reform. Any changes
made, should be phased in gradual-
ly to allow business time to re-
structure.
Hensall builder
wins awards
for renovations
LONDON - A Hensall home
building company was the recipient
of two awards at the London Home
Builder's Association fourth annual
sales and marketing awards.
Oke Woodsmith Building Sys-
tems entered three submissions in
the two competition categories, and
came out on top with all three.
In the "Best Renovation Under
$100,000" category, Oke Wood -
smith entered their work on the
home of Bert and Nellie Dykstra
west of Clinton. In the "Best Reno-
vation over $100,000 category, they
entered work they did on a Kincar-
dine stone home, and a Sarnia "heri-
tage home" that hadn't been occu-
pied in a while.
The presentation of the awards
took place November 25 in London.
Investments
GIC/RSP
1 Yr. - 6.75%
3Yr. -7.875%
5 yr. - 8.25%
Segregated
Funds
1YR. -10.99%
2 YR. - 13.17%
4YR.-12.86%1
Gaiser-Kneale
235-2420,238-8484
• GIC rates subject to change. Short-
term rates available. Segregated fund
rates reflect actual past performance.
Future returns will vary.
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FEWER PLACES THAT CAN
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