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Says Simpsons wont change name Allan Burton left ics with Edgar Ted Burton outside Simpsons Toronto store in l976 Allan Burton who turns 65 soon after his retirement at the end of this year was succeeded by his nephew Edgar in I968 as presi dent of the company Allan promises that in spite of the takeover of the company by Hudsons Bay Co the stores will always be called Simpsons LCP Photo Dollars and Sense I= Life insurance borrowmg By RALPH ALEXANDER Dear Sir am planning to make what believe to be an attractive in vestmeiit requiring $10000 in cash could borrow this against the cash value of my life insurance at seven per cent interest but am told that this would reduce the value of the life in surance Is this true DB Dear If you borrow $10000 from your life insurance company secured by your life insurance policy you do indeed reduce the death benefit payable from the insurance com ny However the reduction is only the amount of the loan erefore if you are borrowing for investment purposes the value of your assets should not be diminished look at simplified before and after balance sheets should illustrate this Before Policy Loan Assets Liabilities Cash Value $15000 Nil Net Worth $15000 After Policy Loan Assets Liabilities Cash Value $15000 Policy Investment $10000 Loan $10000 Net Worth $1500000 As can ben seen before and after the loan your net worth is the same You should of coure realize that your liquid easily cashed assets have diminished if your investment cannot be sold for cash quickly You buy life insurance to protect your heirs so the impact on your estate is the more critical issue Here again the assets passing to your heirs are not lowered merely because you have an outstanding policy loan For example if your life insurance policy has an insurance amount of $25000 Before Policy Loan Life Insurance $2500000 Total to Heirs $2500000 After Policy Loan Life Insurance face amount $2500000 Less policy loan 1000000 Net Insurance Proceeds 1500000 Investment 1000000 Total to Heirs 2500000 Here again your estate value is not reduced but the liquidity of the estate is reduced if your investment cannot be quickly sold for cash at your cost The policy loan feature is one of the main reasons for pur chasing cash value life insurance Unfortunately most people do not take full advantage of it The reason for this is not too surprising From the life insurance company point of view policy loan is like any other invest ment If they lend you money at seven per cent or six per cent or five per cent they are getting much lower yield on their assets than if they can lend the money on first mortgage at 13 per cent Therefore life insurance company employees are in structed not to encourage policy loans and to encourage repay ment of loans outstanding This justified by the fact that if all policyholders borrowed against their insurance investment yields would decline and ultimately insurance premiums would go up This while true is totally irrelevant to the in dividual Another look plant the method shop mathematics blue print struments GOOD KNOWLEDGE Watson said the graduates Rockwell International which manufactures pipe valves recently announced its move into Barrie They Rockwell knew what they wanted ex plained Peter Watson chairman of special programs adult training and apprenticeships at the college So they determined the training and we developed Watson was referring to course which started last Sept 17 and was to be completed Thursday However new course began this Monday to run three evenings week for period of five weeks In the course students learn the basics of machine practice and basic theory in the use of measuring in knowledge randabilities in operating some of involved wit oc Onsite training program By DENNIS LANTHIER Of The Examiner One of Barries newest industries has joined forces with Georgian College of Applied Arts and Technology to provide skilled workers in the company Rockwells machinery thereby providing valuable skills necessary to the companys operation This program is likely first in terms of pre employment training Watson told The Examiner The course itself is part of the general machinist program but the skills are being especially taught for this course said Watson The course was actually initiated by Bruce Hill at the college following Rockwells announcement it would be moving into Barrie About 14 persons have completed the program and are ready to enter into employment with Rockwell Watson said reading machine shop The training program has been done on an entirely voluntary basis and most students taking the course would be holding steady jobs at the same time the chairman of special programs said One person has bee driving from Guelph three times week merely to take the course he said COMBINING SKILLS Watson said community college and industries are combining more and more now to train skilled workers in various areas would have good basic province $220million VANCOUVER CP Pro blem drinkers will cost British Columbia employers about $220 million this year and unions and managment are co operating to fight the common enemy The fight has produced employeeassistance pro grams voluntary confidential programs designed to help workers with alcoholism and other problems Studies show the average pro blem drinker is between 35 and 55 and is married with two or three children An alcoholic employee can be anyone from top executive to janitor Businessmen with alcoholic workers once thought they had two choices Tolerate the drinkers and risk poor produc tion and low morale among other staff or fire them and spend valuable time and money finding replacements This harsh choice has led to another alternative with the emergence of both public and privately operated employee assistance programs Com panies are treating alcoholism as disease and finding it makes economic sense to rehabilitate alcoholic workers The programs began origi nally to help alcoholics but they have branched into other employee problems drugs marital parental legal and financial that could affect work performance DEVISE TREATMENT The key to the programs is to have an independent service that will assess the alcoholics problem and figure out the pro RAISE FUNDS per treatment says Kent Pearson of the provincial alcohol and drug commissions professional development divi sion The division advises com panies on how to set up their own programs but its involve ment does not end there It also funds Interlock non profit organization started several years ago by volunteers representing labor manage ment and assistance program coordinators Assistance programs also train supervisors shop stewards fellow employees and families to recognize when an individual is in trouble and to convince him to seek help What we have tried to do is build up an atmosphere of relative trust so that people will let us knew when someone is go ing haywire says Jack McNeil employee assistance coordinator for Canadian Na tional Railways and Interlock president Part of the approach is to precipitate crisis for the alcoholic mriployee by confron ting him with his problem befors it becomes chronic or fatal Interlock director Joan Lynch says the agency is at tracting 35 per cent of employees to its 11 programs About half the problems in volve emotional marriage and family stress while about 28 per cent involve alcohol and drugs Of those referred by manage ment because of poor work about 75 per cent are either in the sme job have been TORONTO CP Ram Petroleums Ltd has proposed share exchange to raise funds to reduce its bank debt Under the plan shareholders will be men share for every 15 shares given the right to buy one com held including warrant which can be exercised within the next two years And then theres how the government would do it By DOUGLAS GREENWOOD Since Ive just been through the labor pains of creating book from its first little seed of an idea to hefty bouncing manuscript and whats more have publisher to make its birth legitimate it occurred to me Im in good position to compare the two ways job can be done Theres the right way and then theres how the government would do it First let me tell you how as an individual went about it it in this case is an illustrated travel guide then well take look at how the government would go about it First did lot of research when classified it and after submitting brief proposal to my agent who found publisher wrote the text Then went to England and took photogralfs for illustratioiisthen drew few guideplans wrote about 150 captions for the photograhs and wrapped it all up with tItlSSIIIdtX Introduction Acknowledgments and Bibliography You have to sweat bit And keep at it Sometimes it seems as if itll never be finished But did it in about nine months almost human Now lets see how government would go about the same job Or how would maybe if had bottomless govern ment grant NEED COMMITTEE First off of course youd have to have committee You couldnt even get the thing into Grant Request positon unless you had whole lot of marketresearch sales potential socialsignificance nationalimpact socio geopolitical and so on and on input to back up your grant application Or work your way up through subsubsub com mittees Then finally perhaps after it had been got up to cabinet minister who had to be flattered to get his nod of ap proval you might get your first funding thats money All this of course may take year or two or more So the project thats the book can get started All right Well need at least two or three research aSSistants and an office for them plus of course couple at least of secretarytypists Then writers Oh lets see there are eight sections so Id say at least eight WritersinChief to head them up Plus offices plural plus typists plus assistant editors and proofreaders And now for illustrations Wow Cameras lights tand in action cameramen and women and their assistants equipment by the trunkload if not vanload and transpor tation supervisors route planners and coordinators not to mention appointment and liaison officers to make sure your camera crews and their pantechnicons dont arrive wherever theyre going to shoot only to find the place close Then when youve got it all together and come back with your pics youre going to need picture editors caption writers indexers historians bibliographical experts classification editors and so on and onWhen its written youll of course need review editors assistantchief reader and his Lordship Chief Reader and Acceptancecommittee Chairman And through it all youd have inumerable orgarliizers planners coordinators and unclotomcobbley an GRAPHIC DESIGN And if your good ol friendly spendthrift government were going to actually print and sell the book thered be graphic design budget planners but dont have to go on do After all that thered probably be so much garbage in the book put there to avoid offending somebody by leaving something out that youd be lucky if the darn thing ever even got onto booksellers shelf without him being paid to display it Eventually by golly it would make terrific shipload of cultural books as gift to some midAfrican country And the writers of each section would all have their names up there as author of course Theyd be more interested in that than the money which in my umble opinion is the difference between professional and poseur profes sional doesnt really give much of damn about seeing his name in print just give him the money and hell go home happy if his name doesnt otherwise influence sales Anyway You surely must get my point Ive been pushing it in long enough you say Touche So Ill stop But do hope youll agree the best way of doing job especially creating something based on your own idea is essentially for you to do it yourself Cooperation yes where necessary but all projects large and small should stand or fall ultimately on individual effort So next time you look at your paycheck deductions or stop to think how much youre paying governments in taxes including inflation just remember what experts youre paying for experts at spending money that is transferred or promoted More than 50 per cent say their situa tion improved because of the program $29365 grant to agency here By LORI COHEN Of The Examiner Barrie employment centre for older workers has been granted $29365 for 197980 by the outreach branch of Employ ment and Immigration Canada Golden Opportunities Employment Agency located at Fred Grant St assists workers age 50 and over in fin ding suitable employment in Barrie and surrounding areas In operation for two years the agncy has placed 607 of the 746 clients it has seen Beanne Hurry assistant co ordinator at Golden 0p portunities says along with try ing to find jobs for these people the agency attempts to build up their morale and give them confidence about reentering the workforce We make appointments on an hourly basis so we have time to get to know them and make them comfortable she says If client is placed and the job doesnt work out for whatever reason he or she is welcome to come back to the agency and try again The grant will be used to pay the office rent the salaries of the two fulltime counsellors printing of monthly newslet ter and for literature available at the office Alberta dairy producers predict record year EDMONTON CP The Al berta Dairymens Association believes Alberta cheese produc tion is headed for another record year Ralph Jesperson of Stony Plain chairman of the associ ations cheese promotion com mittee says production in the first half of 1979 amounted to 71 million pounds This compares with total 1978 production of 132 million pounds by the 11 cheese facto ries in Alberta In 1977 produc tion was about 12 million pounds He said this week that before the association began its first cheese promotion campaign ii876 Albertas cheese produc tion was about 95 million pounds year At that time about 15 vari eties of cheese were produced in Alberta Now there are at least 22 varieties Jesperson said the associ ations promotion budget has also increased to $155000 this year from $55000 in 1976 To Forest company buys plants VANCOUVER CP Mao Millan Bloedel Canadas large est forest products company said Wednesday it has reached agreement in principle with AbitibiPrice Inc to purchase three of its plants in Ontario Pally holdings board siding boards of directors The price was not disclosed Bloedel some time to presence in business in Eastern Canada billion capital pand its facilities The British Columbia comlt said the AbitibiPrice are corrugatedwon tainer plants in Pembroke and Rexdale and mill at Sturgeon Falls which produces hard The sale is subject to the approval of both Calvert Knudsen MacMillan president said the company has been trying for achieve the packaging Bloedel is engaged in fireyear $15 expenditure program to improve and ex date the association has spent $439000 promoting Alberta cheese consumption Special To The Examiner For the first time in 12 years the 100 employees at GouldImperial Eastman were able to take their families and friends to work Sunday afternoon the 55000 square foot manufac luring plant on John St opened its doors for an after noon of family fun Spouses children parents and friends were invited to accompany employees to the plant to take tour to find out what works carried out there Since it opened in Barrie in 1959 Imperial Eastman has been providing brass and steel couplings for hoses for the trucking industry and for industrial and agricultural equipment The hundreds of sizes of couplings produced by GouldImperial Eastman re named since merger in Aprl 1976 are shipped across Canada This Barrie firm is now part of manufacturing net work that spans North and South America and Europe as the 1976 merger joined Im perial Eastman and Gould when Gould and ITE In dustries joined corporate hands three years ago Plant manager Bill Austin explains tht when Gould took ITE Imperial Eastman in Barrie came Imperial Eastman now is part of Goulds manufacture ing division with head quarters in Manitowoc Wisconsin and nine branches across North America On Sunday though the plants position on the world market took back seat as those who make the factory work enjoyed the limelight of an open house we Plant opens doors for fun Its happeningmorc otien and we hope it wm um tinue to happen he said It has been recognized across the country that there is real need for skilled workers he said Georgian College has been involved in assisting with other types of training through federally spon sored programs he said 30 COMPANIES INVOLVED The college is involved with 30 companies through its apprenticeship program It is factor which col lege officials are proud of because traditionally ap prenticeship training has been available to Metro Toronto only he said The college was previously known for its training of technicians and technologers but that is an image that will change as the college expands in the future Watson said Rockwell International is located on Bayview Drive in the former location of Radio Shack near lnnisdale Secondary School Training is now taking place at the lam Paul Misinchuk is the professor in the Rockwell course which will make successful trainees the first fulltime employees of the new plant the examiner Friday Oct 19 1979 Savings Bonds time again inge Karthaus of the Canadian Bank Note Company in Ottawa checks Cano dian Savings Bands at key stage in the printing process Millions of the bonds are being printed every day as financial institutions prepare for this years campaign The new bonds went on sale Oct and yield i025 per cent every year for seven years CP Photo cannon No its macl to that produces hose couplings Toolmoker Joe Heslip left explains whats happening to his parents John and Pearl Heslip The operation of this equipment was part of Sunday afternoon open house at Gouldimperial Eastman on John St in Barrie Plant employees were invited to bring family and friends to the festivities for closer look at work