Ontario Community Newspapers

Whitby Free Press, 29 Dec 1993, p. 9

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Whitby Free Press, Wednesday, Decmber 29, 199n, Page 9 huçîne~snews Growth continues, DBIA uncertainty PROM PAGE 7 Lloyd factory on Burns Street East. Can Vac officials said there would be 24 employees at the plant, Customs Racks planned on 45 at their Whitby plant. Edwards said he was pleased with the new businesses and jobs in Whitby, and saw them as "portents which auger well for te new year.» Also in January, Jerrys the Drug Warehouse went bankrupt and was placed in receivership. In March, president and part- owner Gerry Belz emerged from the bankruptcy to become owner, along with other investors, of the store. Metrolitan Life moved its sales office and 15 employees from Pickering to downtown Whitby. Family Kartway was tem- porarily closed inMarch by mort- gage-holder National Trust, but the 35-acre amusement centre was reopened in April. Kartway owner Gary Sorichetti and National Trust officials would not comment on the closing, say- int only the matter was fore the courts. Securit guards were stationed acrosa te road from the park all summer. Kacey Products, producing fibre partitions and corrugat pads, began operation on cE wen ive in August, with plans to employ up to 30 wor- kers. Charges were laid against eight people who, without a licence, sd flowers on street corners over the Mothes Day weekend. Seven of those charged were non-Whitb residents, the eighth was Bill lrant, owner of Burtinsky & Brant Florists. Charges against Brant were later withdrawn. Atlantic Packaging was one of 16 Ontario locations roposod as a potential site for a ýon-UtiIity Generator (NUG) -- an on-site generating station capable of producing all the company's energy requirements. But Ontario Hydro said the planned 60-megawatt project would have tebescaled back te gain Hydre approval. Atlantic officials were te, re-evaluate tho project te determine if it woul be cost- effective on a scaled-down level. A two-week strike by Wood- bridge Foan workers ended when a new three-year agree- ment, with an annua increase of 33 cents an hour, was reached. The average hourly wage was $15.20. Co-Steel Lasco won a multi- million-dollar contract te, produce steel for the Hibernia oil project. Co-Steel and a Quebec compan were awarded contracts wort $30 million to suppl 80,000 metric tonnes of steel for the $5.2-billionndevelopment off the coast of Newfoundland. I March, an application was made to more than double the size of the Kurz Foods meat processing plant in Myrtle. Local residents had concerns about foul odours already emanating from the plant. In June the expansion was approved, but only if problems relating tothe sewage system were corrected. The new Loblaws store opened at Rossland Road and Garden Street. Work on the complex that includes the Loblaws store had heen on hold due to an appeal to the Ontario Municipal Board by the Oshawa Group, owners of the IGA grocery store chain. The apeal was withdrawn in March. p July, the Town adopted a bylaw to regulate the way adult magazines and movie videos are displayed in local stores. A coali- tion of Durham Region groups had requested the controls. I Auguat, Pia Fox (formerly Williamson)treceived a three- year prison term after pleading guilty to four counts of fraud in connection with her role as owner of the former Consortium Group of Companies in Whitby. More than 800 people invested millions in rosI estate deals clai- med by the company. Fox had fled to ngland to evade authori- ties but was extradited to Canada in June.etan1992, Fox received a 21-month jail term although she never appeared for that Ontario court trial. She was living in Florida at the time. Brooklin Concrete Products Ltd. lsnded a contract te build underground structures for the new runway at Pearson Inter- national Airport. Plans to locate a Price Club as part of a gant retail warehouse roject in Witby, were droped, due to the merger between Price Club and Costco Warehouse, it was announced in October. Cos- tco opened a warehouse in Aax. But plans still call for Aiken- head s, an unrelated hardware and building supplies warehouse to be built as the other parto# the retail warehouse plan on Victoria Street. Several local businesses and chain stores objected te the development, and an Ontario Municipal Board pre- hearing was held in September and the formal hearing has been scheduled for February In November, Whitby-based McGraw-Hill Ryerson announced it was entering the legal publish- ing field, the companys "most ambitious single undertaking ta date," said president John Dil. In November, the Town announced a new marketing campaign thatincludes roadside sin roclaiming Whitby as the s aprtpof the Region' and 'Dur- ham's Business Centre.' The campaign is aimed at attracting more business te Whitby. Miracle Mart workers, includ- ing those at two Whitby stores, went on strike Nov. 18. As of press time, the strike continues. DBIA In March, the DBIA board approved a budget of $155974 for 1993, il per cent less t'han the budget of $175,894 for 1992. DBIA members were given an opportuni to comment on the b t in ary. Arso in March, a downtown Whitby merchanta' association was formed but not to oppose the DBIA. Ïnstead, said orgai- zer Dave Johann of Whitby Audio Video, the association would work in con'unction with the 400-member DBIA. A down- town newspaper and romotional events were planned bthe new association. In Setmber, the UBIA began a mon promotional publica- tion distributed te homes in Whitby. The publication accepta advertising only from DBIA members, with advertising pay- ing for more than two-thirds of the cost of the publication and DBIA funds covering the rest. But critics said the newspaper was proving too costly. Critics, including Gene Pea- cock of Peacock Sports, sought to have council consider the peti- tion before the new year but the Town set a January date for a publie meeting. CHAMBER-OF COMMERCE The Whitby Chamber of Com- merce honoured lawyer Rob Mor- ton as Business Person of the Yearaand Marigold Ford Lincoln dealer Bob Souch as the winner of the Peter Perry Award as Whitby's outstanding citizen. The chamber also launched a Mission te Missouri flood relief effort to help farmers in that U.S. state. Several tractor-trailer loads of hay were taken te Mis- souri te, aid farmers. adverisement Makingmoney iis simple...but not easly!M "An independent f inancial planner work i ng, full timne to meet your financial goals." Meet Derek Dutka, of the Financial Concept Group. FCG is an organization of financial planning rofessionals dedicated to one common goal - your inancial success. As your personal financial adviser, Derek will take the time to develop a clear understanding of your financial goals, and work closely with you to create a comprehensive financial plan. 'Your plan may encompass investment, tax and retirement planning, risk management, estate planning and other vital areas affecting your total financial picture. As an independent financial services broker, Derek off ers you objective, reliable advice. Instead of 'selling' a limited range of financial products, D.erek can recommend from hundreds of proven investment vehicles. Derek will identify all of the options available to you and will make recommendations that balance risk and security, tax considerations, and your ongoing cash-flow needs. Derek will then implement your plan, directing your investment dollars to the appropria e institutions and handling all paperwork to ensure the efficient processing of all transactions. Derek will continue to monitor your portfolio, making periodic recommendations for improvements or adjustments, and keeping you up-to-date on the trends in the financial scene that aect you. Regular communications include an F G newsletter, a quarterly phone call and an annual review of your plan. "Strategic planning is the foundation of success" In developing a f inancial plan that is right for you and your family, Derek will assess your financial goals and then consider how you can best reach them from where you stand today. The comprehensive plan that results will e custom-tailored to your unique situation. accounting for: ** The need to balance risk and reward by including both uaranteed and growth investments; *he appropriate blend of liquid investments which offer you access to our capital, with fixed income investments w ich may be 'locked-in' for specific p eriods; ** e need to accommodate the effects of inflation in the plan, and to make periodic adjustments that reflect changes in general economic condtions; ** The effects of the plan on your present and future tax icture; *he type and amount of life and disability insurance that best complements your overall plan; ** And more. By working with Derek throughout the planning process, you will be assured that the plan will not only p repare you for the future, but also protect against ail oreseeable contingencies. And no action wil be taken until Derek is confident that you understand all the risks, costs and alternatives involved. At that point you can rest easy, knowing that your money is doing exactly what you want it to. Perhaps most importantîy, having a professional adviser like Derek at your side costs no more than dealing with a stock broker, trust company or fee-only planner. "A Sound philosophy that has proven effective, time after time." Even though every plan developed by Derek is s ecifically desig ned to reflect the unique needs of each client, his overal approach embraces a fundamental philosophy toward financial planning and investing. This philosophy can be expressed in a few key princi pis: DIVERSIFICATION Derek's approach stresses that the most prudent course of action in a complex financial marketplace is to diversify. Investing your capital in a variety of proven vehicles greatly red uces your overail leveI of risk while still allowing you to realize maximum returns. IT TAKES TIME TO GET RICH There is no saf e way to make the 'big killing'. Derek believes that by systematically saving a percentage of your earnings on a regular basis, and inyesting in proven vehicles, you can achieve financial success. ALL INVESTMENTS ARE NOT EQUAL With the vast array of investment choices available today, it is more important than ever to be sure that the vehicles you choose are safe and dependable. Derek thoroughly examines all investment vehicles before recommending them to you. He only recommends the products thathave proven track records that are managed by the top people in the business, and that can provide the growth and security your financial future depends on. ACTION PLAN FOR 1994 It's great to have a lot of information and be very knowledg eable, but action is required before you will see any results. Are you taking full advantage of the RRSP rules? Do you know about the RRSP investment that provides an additional 40% in tax credits? Do you realize the importance of income-splitting through spousal RRSPs? Are you taking advantage of the tremendous growth opportunities available through foreign funds? To get answers to these and other important questions concerning your financial future, call 579-7777 now and book your complimentary meeting with Derek. - MOMONf.Financial Cô"oept SeE Call For Your Free Meeting, Today. 579-7777 curities -FnancsalConcept Securities* is a busWffes s syleegasitrafloe owPed by K SU eOjram Ci~oWç~aion 1 %Opb.p&P m wýaw w w ýqwW P 1 m Ce solkti " "

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