The Wingham Advance-Times, 1984-09-12, Page 14i age.14--Tile w ghani;A6dvance_Tiraes, Sept_ 12, 1 4
Whitech-urch Personals
Mrs. Annie Magoffin of
London and Mrs. Viola Irwin
of Lucknow were visitors
last Tuesday with Mr. and
Mrs. Victor Emersen.
Kim Laidlaw, Karen
Pickard, Tony Falconer and
Michael Bradley all returned
to high schet4 at Wingham
last week.
Mrs. Gertrude Tiffin of
Wingham visited last
Wednesday with Mr. and
Mrs. Victor Emerson.
Last Thursday Mr. and
Mrs. Walter Moore were in
Toronto where Mr. Moore
entered the hospital for
treatment on his neck. He
spent the weekend at home,
but returned to the hospital
Monday.
M. and Mrs. Donald
McDonald of Nashville and
Mrs. Jenny Porteous of
Lucknow were visitors with
Mr. and Mrs. Victor
' Emerson recently. The
McDonalds also visited the
Emersons on Sunday.
Danny Joe Thompson
spent, a few days with his
cousin, Dean Tiffin, and they
enjoyed riding their
bicycles.
This community extends
sincere sympathy to Mrs.
McKim and family in the
Belmore
The ' monthly Friendship
Tea was held last Thursday
in the, dining room. Those
present were: Viola Camp-
bell, Margaret Carter,
Margaret Curtis, Annie
Baker, Annie Moffat, Pearl
Hogg, Ellen Walker, Isabel
Kerr, Minnie Linklater,
Muriel Dowson, Caroline
Missere, Catherine Renwick,
Florence Holmes, Gus
Renzetti, Bob Coultes,
Morley Petteplace, Ernest
Uhler, Sam Vanstone and
guest, Mrs. Ann McGowan.
Sybil Straker asked the
blessing and the refresh-
ments were muffins, fruit
and cheese.
Lucky prize! draws were
won by the following: fruit
trays, Annie Moffat and Mr.
Petteplace; cookies, Mr.
Uhler; jar candy, Mrs.
Baker; and "smile" trophy,
Mr. Vanstone.
The hosts were Tony and
passing of Dr. McKim. The
doctor was well liked by the
people here.
Services were conducted
at the Presbyterian Church
on Sunday. The Bible study
will be held again next
Sunday in the auditorium.
The hall committee held a
dance °in the Community
Memorial Hall last week
with a good-sized crowd in
attendance to dance to Joe
Tiffin's music. Several
prizes were awarded: spot
dance, Mr. and Mrs. Gordon
Wall; best bicentennial
costume for the men, Gordon
Wall and Stephen Tiffin and
for the ladies, Jean Mathers
of Bluevale.
This community extendi3
sincere sympathy to Mildred
McClenaghan and Edward
McClenaghan of Kitchener
in the passing of their
mother, Mrs. Lillian V.
McClenaghan, who passed
away at Goderich last
Saturday. The late Mrs.
McClenaghan was well
known here and grew to
young womanhood on the
second concession of
Kinloss. In later years, after
her marriage to her
husband, they retired to the
first farm west of the village
and she took an active part in
the Women's Institute as
president and in the United
Church. She also was active
in the social life of the
community and always was
a good neighbor.
Mr. and Mrs. Bill Rintoul
were in London on Monday.
Karen Beecroft of Kit-
chener spent the weekend
with her parents, Mr. and
Mrs. E. W. Beecroft.
Mr. and Mrs. John Sin-
namon 'and Ronald of
Seaforth visited Sunday with
Mr. and Mrs. E. W. Beecroft.
Sharon and Stacey Worth
and Ron Beecroft of
Wingham also visited last
weekend with Mr. and Mrs.
E. W. Beecroft.
Mr. and Mrs. John deBoer
spent the weekend at Grand
'Rapids, Mich.
Little Matthew deBoer
started Kindergarten at
Lucknow last week. Heis the
son of Mr. and Mrs. Jim
deBoer.
The 4-H leaders,' Mrs.
Walter Elliott and Mrs.
Sybil Straker. Archie Purdon, attended a
Other news to report this leaders' (raining' School
week: Mrs: Jean Kelly is Monday at Teeswater.
feeling a little under the ` Mr. and Mrs. Fred Davis,
Scott, Mark and. Dana of
weather and Mrs. Eva ,�
Jacklin is taking therapy at LaSalle, are visiting with
the Wingham hospital. Mrs. Agnes Farrier: --
The residents and staff Mrs. Agnes Farrier visited
• extend sincere sympathy to oat Guelph, Torontoand
the family of Mrs. May Hillsburg last weekend. In
McNaughton who passed Toronto, she visited her eight
away in the Winghamcousins from Vancouver,
hospital on Sunday. Alberta and Saskatchewan
at the Chelea Inn last
Saturday. Mrs. Olive
Gillespie accompanied Mrs.
Farrier.
Weekend visitors with Mr.
and ,Mrs. Carl McClenaghan
were Mr. and Mrs. H. Moss
of Plattsvillei. Mr: and Mrs.
Irwin McClenaghan of St.
Thomas, Mr. and Mrs.
Melvin McClenaghan of
Waterloo and Mrs. Eileen
Parker of Exeter.
Joyce Tiffin of Toronto
spent the weekend with her
parents, Mr. and Mrs. Dan.
Tiffin of Wingham, prior to
her leaving on a trip next
week.
Jennifer Gaunt of
Chatham spent the weekend
with her grandparents, Mr.
and Mrs. Bill Pardon, and
Graeme spent the time with
his other grandparents, Mr.
and Mrs. Russell Gaunt of
Wingham. The childrens'
parents,' Mr. "'and Mrs.
Donald- Gaunt, visited with
Dr. and Mrs. Ed Carey of
Kitchener. The. younger
Gaunts and their children
returned to Chatham on
Sunday. .)
MRS. DON EADIE
Belmore.i?ersonals
Lois, Eileen and Betty
Darling visited with Mr. and .
Mrs. Keith Kirk and family
of Shallow Lake last
Tuesday.
A capacity crowd, filled
Knox Presbyterian Church
Sunday morning to celebrate
the 107th anniversary of the
congregation and the 50th
anniversary of the church.
Rev. Gordon Fish of
Burlington was the guest
speak and the choir, under
the direction of Evelyn
Dickson, rendered special
anthems, while Mrs. Olive
Jeffray was soloist at the
morning service. Following
the servi , a bountiful meal
was se 'ed at the Belmore
c•• ex for the congrega
ion and guests.
Congratulations to former
Belmore residents, Mr. and
Mrs. Kevin Haskins, on the
birth of a daughter.
Rev. William Lake. of
Beamsville was in charge of
the service at the Belmore
United Church Sunday in the
absence of Rev. Knock. Rev.
Lake was a dinner gut of
Walter and Mary Renwick.
Doug Jeffray, Jeff Dickson
and Julie Mulvey ac-
companied the Junior
Farmer Mass . Choir, con-
Sisting of Huron, Bruce and
Middlesex counties, to
Toronto•laast Saturday where
it performed on the lawn •at
Queen's Park in the af-
ternoon and evening as. part •
of the bicentennial
celebrations. The Honorable
Dennis Timbrell also ad-
dressed those assembled.
WI meeting.
L• AKELET SiXteen
members and four peg*
met at the home of' Mrs.
Lloyd Jacques recently for a
meeting of the Woolen's
Institute. 'Mrs. Eileen
Johnston of Corrie spoke on
antiques.
Mrs. Lyle Murray,
president, conducted the
business and it was an-
nounced that LeAnne Wright
will lie unable to act as fair
queeSn for the group.
Mrs. Harold Wallace will
be the delegate to the area
convention held in Brussels
in October and Mrs. Murray
and Mrs. Ferguson will be
delegates to the county rally
in Wingham. The members
will entertain at Huronview
on Sept. •19.
Mrs. Peggy Cudmore of
Brussels, the district
president, gave a few words.
The motto, "Memories are
treasures made of pleasures
we have known," was
written and given by Mrs.
Jacques.
The roll call was answered
by bringing an antique dish.
Mrs. Percy Huth gave the
smile of the evening and
lunch was served by Mrs.
Gordon Wright and Mrs.
Elmer Greenley.
,u tnr• Wu,yh vl.
SF, Hub., tir_hut,l
F grtnr. Jn>gn UUN tlatitt(•
New,n Smith
Well, here we go again.
Another year is • now in full
swing. Our reporting staff
will be covering the news
from every class and the
general news, such as sports,
visitors and new activities at
the school.
We have started fresh and
each reporter has a different
class 'to cover all the news.
Our editors this year will be
Jeff Wall and Nikki Reavie
and I'm sure they'll do a fine
job.
All the students have
adapted to the new rules that
their teachers have an-
nounced. As for our brand
new Kindergarten pupils,
they seem to be having a lot
of fun: coloring, playing,
painting, learning and, all in
all, having a real good time.
I hope everyone will follow
our adventures throughout
the 1984-85 school year.
Welcome back!
Ria Linaardatos
Gibsons return
from recent trip
to Scotland
WROXETER — Eleanore
and Art .9bson have
returned home after a
wonderful trip to Scotland
with the Ontario -Massed
Legion Pipes and Drums
Band.
Upon their arrival at
Prestwick Airport the
Gibsons went by bus to'`
Pollock Halls at Edinburgh
University. They traveled to
Glasgow, Aberdeen, Dundee,
Scene Palace and Perth,
Oban and Braemer with the
band. Princess Margaret
took the royal salute at the
Argyllshire Highland
Gathering at Oban.
Queen Elizabeth, the
Queen Mother, Prince
Phillip and Princes Charles
and Edward all attended the
Royal Highland Gathering at
Braemer:
The `Gibsons toured
Edinburgh, the Textile
Trails, Sir Walter Scott
Country, the Highlands and
St. Andrews -by -the -Sea. A
visit to the Edinburgh
Military Tattoo, a Jacobean
banquet and a visit to the
Edinburgh Zoo also were
greatly enjoyed,
However the highlight of
the trip was a visit to
Greenlaw, the home of the
Gibson brothers who im-
migrated" to Canada and
founded Wroxeter in 1856.
Q Bell
OPTOMETRIST
Goderich
The Square 6247661
ATTENTION
Veterans
(and Dependents)
Provincial Service Officer
will be visiting Branch 180
Royal Canadian Legion the
week of October 17. Those
wishing appointments please
call Legion Sgrvice Officer
Lloyd Carter 357-3784
before September 25.
CORRECTION NOTICE FOR THE
EALLIWINTER BUYING GUIDE
Page 17: item 9, Tasco 1.75-5X x 20 MM. Copy reads:
$129.99. This is incorrect. Should read $139.99.
Page 26: Step Ladder, 61-1015-4. Copy reads $36.99.
This is incorrect. Should read $26.99.
Page 36: Turbofir MS batteries. Copy reads $60.95 up.
• This is incorrect. Copy should be $62.95 up. The dual du-
ty MF batteries copy reads $54.95 up. SMbuld be $55,95
up. -
Sorry for the inconvenience this has caused to our
customers.'
Canadian Tire
Associate Store
"IN THF HEART OF DOWNTOWN VARNA"
481.11(3
Despite a strong business,
debt pressures force UCO to file for
reorganization under. Canadian Law
ATTENTION:
MEMBERS, DEBENTURE HOLDERS, EMPLOYEES,
CUSTOMERS, SUPPLIERS AND CREDITORS
On Monday, August 27, 1984, United Co-ope a v.es
of ;,pntario (UCO) voluntarily filed for prod. ion
under the Companies Creditors Arrangement Ac in
order to ,obtain the time necessary to om • e a
reorganization of its financial _affairs. In _granting
protection to UCO, the Supreme Court of Ontario
also appointed Price Waterhouse Limited to have
general supervision over the affairs of UCO.
In the following interview; Albert C. Plait, Chief
Executive Officer of UCO and C. Garth MacGirr,
President of Price Waterhouse Limited, answer
questions on the background of this development:
Q-
A.
Mr. Plant, this announcement that UCO is seeking time to reorganize its
business affairs comes as a surprise. What prompted UCO to take this
action? '
Actually, re re=organization has been going on since last January but we
were unabl to finalize arrangements with our lenders. Simply stated, we
needed the supervision of the Court to complete the re -structuring.
Mr. MacGirr, does this mean that UCO is just another business failure?
Absolutely not. UCO has a strong viable business and at the date of this
filing was not in arrears to any trade,creditor. However, it has borrowed a
lot of money which it can not immediately repay: That's a problem theta
lot of people— and countries— are facing these days.
Mr. Plant, will UCO go out of business? •
A. No. I am absolutely delighted with the degree of support that we have
received from our members, our customers, and most of our suppliers.
Business is being carried on as usual and I expect1 t o continue.
Mr. MacGirr, what is the role of Price Waterh! 1 r?
Our job is to supervise the preparation and implem - ntation of the Plan of
Compromise or Arrangement to be filed with the •Court. In
addition, we are administering the financial affairs of UCO to
ensure that employees and suppliers are being paid on a current
Q.
basis.
Q. UCO does considerable grain business, Mr. MacGirr. What about the
grain producers?
A. Price Waterhouse has set up a system whereby grain producers rebeive a
cheque promptly after the delivery of grain to UCO according to the terms
of payment. Farmers'who sold grain to UCO prior to August 27 will be
contacted on an individual basis. •
What .if UCO is only storing the grain?
We have a system whereby '::rain producer receives a warehouse
receipt for his grain. Such grain re ,'rt s the property of the producer and -
will not be disposed of without written instructions from the owner.
UCO is also in livestock. What about this?
A. Same answer.. Livestock producers are receiving cheques in accordance
with the usual terms of payment.
Q.
A.
es:—.4111t> __.•=...
Q Mr. Plant, this al! sounds like business as usual. Is that correct?
Absolutely! We are endeavouring to conduct' our affairs as close to
normala5 possible and so far it's working fine. •
Q. Mr. Plant, what is the significance of the August 27 date?
A. That's the date we filed for protection. Generally speaking, all debts of
UCO are frozen at that date. The financial restructuring which Mr.
MaeGirr is supervising will deal .with those debts.
A. (Mr. MacGirr) Actually, we were simply trying to freeze the•position of "
the lenders. However, the. Act requires that all debts be frozen so trade
creditors got caught as well. However, I should emphasize that trade
• credit obtained after August 27 is secured in priority to existing creditors
and is being paid in the ordinary course of business.
Q.' Mr. Plant, will the debenture holders be protected?
Ilk Yes. The re -structuring plan, when implemented, will give them a super-
priority over other creditors• and in return current maturities will be rolled
over for a period of five years at the then current interest rates.
Mr. MacGirr, what happens {/'the plan is not fled by September 30, .
1984, the date suggested when filing?
A. The date of September 30 is simply our undertaking to the Court. In the
unlikely event that the re -structuring plan can not be filed by that date, the
Court has the power to grantextensions. However, we have no intention
of delaying the proceedings.
Mr. Plant, will the governments be involved in the re -structuring plan?
Q.
Q.
A. We have commitments from the Government of Ontario and the
Government of Canada that each of them will provide $7.5 million of
recoverable assistance to UCO. I believe that this solid support from the
two governments will go a long way towards completing the re -structuring.
Q.
A.
Is there anything else to know?
Yes. You should know that the Directors and I and the people who work
for UCO have made every effort to avoid this problem. Re- ,
structuring is always difficult, but our Board believes that it is the
only way to protect our businesses. We expect to emerge
stronger than before. W a -are determined to correct past mistakes
and set a new course for our Co-operative.
September 10, 1984
United Co-operatives of Ontario
FOR FURTHER INFORMATION PLEASE WRITE TO THE CO-OPERATIVE
OR TELEPHONE OUR INFORMATION HOTLINES
1-800-367-9332 or 1°-600-367-9336
Albert C. Plant, Esq.,
Chief Executive Officer,
United Co-operatives of Ontario
C. Garth MacGirr, Esq.,
Administrator of UCO
Price Waterhouse Limited
Arthur O. Jacques, Esq.,
Special Counsel to UCO
Messrs. Goodman & Goodman
Barristers and Solicitors
United Co-operatives of Ontario
BELGRA 'E. Lim=
357-2711 st523.-4454
AUBURN
526-7262