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Alternatives by John Savers A If youve rented a cottage for your family and enjoyed the experience you may be giving serious thought to buying your own vacation property or of opting for timesharing Instead But its Important to give weight to the drawbacks as well as the advantages Here are areas to consider As with a home location la the key to value The most desirable cottages are usually on a lakefront or river accessible by roads maintained yearround and Buy or timesharing cottage within miles of major cities Cottageowning is almost always more expensive than renting but owners usually consider the premium worthwhile On a typical cottage you might make a down payment Ignoring the Inter est this amount could earn you would have a mortgage which even at 12 per cent would result in payments si about year With insurance heating and taxes youre laying out more than a year compared with perhaps for resting a cottage for three weeks J might want to consider offsetting this expense with rental Income and again you should consider both sides to the question As well as the cash income rent ing out your cottage gives you the unity to tax deduct the portion of the ex penses used to produce the income The other side is that renting out means you are limiting your enjoyment of the prime summer months while possibly having your property damaged Timesharing a recent development offers the advantage of a much lower out lay since in effect you buy two or three weeks at a cottage Instead of a year Sometimes mere is also a maintenance agreement which Is also a plus But timesharing may tie you to one vacation spot Just as much as a cottage while giving you none of the advantages of being able to enjoy cottage weekends at any time In addition timesharing units may not be easy to sell since there is no established market yet Because theyre so new its prudent to study the fine print in a timesharing agreement and get professional advice before signing It Mr is with and Company Chartered Accountants Toronto Join Us For Our Fabulous Business Lunches ACTON business news Serving Haton Hills Area JulyAugust Haton among finalists in bid for new AM C plant did not get the Honda plant or the American Motors plant but the regional business development department is not looking on the dark side of things Acting business department director Brent Kearse said Halton was one of the three finalists of more than GO Initial locations for the new Canadian plant from Mr said he did not know during the search process that the company was American Motors The consulting firm hired was from the United Stales and they letting on who the client was He said a number of meetings were held with the consulting firm local federal and provincial bodies plus politicians The final choice for the plant which will mean direct Jobs and Indirect Jobs was Brampton Mr said it was picked because has head offices there as well as the loyal labour force has established over the years in Brampton But Mr Kearse said Bramptons gain LINCOLN MERCURY urn SAlSSeHVKEiASmG 8772261 Acton Chamber Expects the membership to climb over show h unique new b on Highway futt capuraa of MacMHan means a gain for Halton too With Brampton being on Haltons bor ders will certainly benefit from the Job creation potential through direct and indirect employment of Haltons citizens as well as the supplier and service industries already located within our borders Materials and parts will be required for new plant and we are anticipating targe spinoff affects as a result he said As for Honda Mr Kearse said It appears never had a chance He said the business development depart was never contacted by Honda although the region did send an Information package when it was speculated that Japanese company may be searching for a new Canadian location However no response was ever received and the reasons for picking remain unknown Apparently the site location process was handled by Honda officials themselves and it still remains unclear what exactly the companys criteria for finding a site was Furthermore senior officials at the Ontario Ministry of Industry and Trade have that when Honda approached them the company requested to be in only But again not looking on the dark aide Mr said there could be something In Alliston for Halton Hopefully Halton will still benefit from some of the spinoffs that will occur as a result of this major assembly facility Suppliers and service Industries locally will benefit from this new investment Into Ontario and it still remains to be seen what Investments will accrue as a result of this new Canadian plant he said by Steve Dawk fan The Acton Chamber of Commerce has experienced another busy month with each of its committees being actively Involved with their various project and activities The Membership and Functions Com chaired by Jennie Kuiken has been involved with a number of projects They are now in their final phase of the 1984 membership drive It is expected that memberships will climb to over this year This committee also organized the Citizen of the Year banquet which was held June at the Acton Curling Club Over people gathered together to honour David van Bent for his dedication and contributions to our community Jennies committee is also starting to plan a social event to take place In the late Fall The Industrial Committee chaired by Reg held a businessmens lun cheonmeeting June 13 at the Acton Mea Golf Club Twentyfive interested local businessmen and public officials attended this forum It is generally felt that this event was the first solid step to wards addressing the problems that plague our local industries The questions and concerns voiced during this meeting included water sewage mill rates and assessments rural Industrial land requirements as well as business development in our area A second more specific problem oriented meeting is being planned for September but Input from local business men will be required Reg Is 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