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PAGE six ieniber:hip A Pplcto:NOl for NORTH HALTOD COUNTRY 4 GOLF CLUB Mr. John A. Willoughby has sold his beautif ul nine-hole golf course "Cedar Brae" on the outskirts of Georgetown to Kenneth M. Langdon, Provincial Magistrat., who has organized a group ta operate it as a private non-prof it club for the enjoy- ment of those in the North Halton Area who wish to become members and who will b. the qwners of the property as soon as the mortgage and commitments have been paid. Purcliase Price The property, consisting of 127 acres has been purchased com- plte as now operated with ail equipment and furniture for the sum of $1 25,000.00. This amount is payable $2500000 with the offer, $5000000 when possession of the property is taken over on the It of April, 1954 and the balance of $5000000 to be secured by a mortgage repayable $10,000.00 yearly for five years and bearing interest at the rate of 4 per cent. Mr. J. A. Willoughby has reserved two acres near Dr. C. H. Best's property on which he contemplates the erection of a summer home. Capital Structure The Club is to be entirely financed by the members through the issuance of 225 $500 4 per cent. preference nion-voting shares re- deemable aI the discretion of the Directors in whole or In part within ten years. and 1,000 no par common shares of which 400 are to be issued to subscribers, one to each single player and two 10 a married couple. Thesp common.shares wiil be voting shares. The remaining 600 shares will be retained in the Treasury and may be made use of at the discretion of the Board in the event of an increase in membership or the inclusion of social members. Di rectors For the purpose of organization, the f irst years Siate of Officers is applying for charter and consists of a President, a Vice President, a Secretary-Treasurer* and 12 Dirictors, three f rom Acton, three f rom Milton and six from Georgetown and E- quesing. After the f irst year, these wiii be elected annually by the members holding common stock. KENNETH M. LANGDON, Georgetown, Provincial Magistrale. President. JAMES LINTON, Georgetown, businessman, Vice President. ERNEST H. BATKIN, Esquesing Twp., Retired Businessman, Secretary-Treasurer. VICTOR B. RUMLEY, Acton, Funeral Director. CHARLES KIRKNESS, Acton, Mason Knitting Co. WESLEY BEATTIE, Acton, Beardmore Leather. DONALD R. McLAUGHLIN, Esquesîng Twp.. Frmer. JOHN W. BELL. Georgetown, Smith & Stone, Limited. ROSS DUNCAN, Georgetown, Provincial Paper Ltd. GRAHAM FARNEL, Georgetown, Merchant. FRED W. CHAPMAN, Georgetown, Bank Manager. R. H. PTOLEMY, P. L. Roberson Co., Milton. DR. C. A. MARTIN, Milton Milling Co., Milton. CECIL DOBIE, Canadian Bank of Commerce, Milton. Membership The membership is to be restricted to 400 members approved unanimously by the Board of Directors and tentative arrangements are that membership will be limited to 50 single and 175 family members. Preference will be given to applications from residents of the North Halton area. In the event that the membership is fot fully subscribed by the t5th October, t1953, the area for subscrip- titns will be extended to South Halton and other localities. Feuàes and Subscription Each application is to be accompanied with a cheque for the sub- scription fee of $500, the one fee to cover husband and wife and dependent chldren. The annual playing fee has been fixed to cover the annual operat. ing expenses and to retire the entire capital investmenit with in- terest in ten years as follows: HUSBAND AND WIFE....................................... $1 50.00 SINGLE MEMBERSHIP......................................... $100.00 EACH DEPENDENT CHILD ..................................$ t10.00 Payable in fuil or by instaiment by tut April. 1954.) Social applications for non-piaying members will be considered after the club is in actual operation and the accommodation has been determined. Purpose of Club t . To put t the disposai of members the goifing facilities that have been un- avaiiablein the area for the past ten years. 2. To dlevelop swimmlng, skiing, skating and riding for as many as the property wiil accommodlate. 3. To equip and operate for the enjoyment of the members, suitable dining room facilities. 4. To increase the shower and locker room facilities to accommodate the mem- bers. 5. To dleveiop social activities in the form of bridge, dancing and competitions to foster the best interests of ail the members. 6. To stress in ail ways the recreationai facilities of the famiiy members and in particular the juniors. 7. To insure playing priviieges 10 senior members by regulating hours of play. *1 M THE CANADIAN CHAMPION, MILTON, ONTARIO and TRUMDAY, OMPTMMM 10, M3 I