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For those who want to fish through more than one hole at a time, it is a good idea to rig up some flag signals to let you know when a fish has taken the bait. Most sporting goods stores carry a supply of inexpensive "tipâ€"ups"‘. Fish are generally found in deeper waters during winter; in places where a spring bubbles up from the bottom, or where a healthy growth of aquatic life is in evidence. The white paper technique is ~being used by the federal cabinet more to explain and justify future legislation than to afford an opporâ€" tunity for dialogue concerning tenâ€" tative proposals, K.R. MacGregor, Mutual Life of Canada president, charged at the 1Q1st annual meetâ€" ing of the company today. It appears the government does not contemplate parliamentary committee hearings with respect to the recent white paper on inâ€" come security, he said. He questioned whether these proposals in the long run are likely to provide the best ultimate soluâ€" tions to the ageâ€"old problems of those with insufficient means. ‘‘The changes in approach to income security over the years have been strikingâ€"so striking indeed, that they demonstrate conclusively that the policy of the day is not always right or farâ€" sighted,"‘ said Mr. MacGregor. Frozen lakes lure anglers Old age pension legislation in 1927 provided for a means test, which led to widespread criticism and the eventual philosophy that government benefits should be universally available, regardless of need. Now the thinking on this has changed, not only because of the Winter fishing, ‘~especially in northern areas of Ontario, can be a. pretty chilly proposition but it has a lure that continues to attract hundreds of ardent sportsmen and women every year. Ice fishing enthusiasts believe many species, caught in cold weather, are much better eating than fish taken from the same watâ€" ers during summer months. The flesh is apt to be more sweet and firm rather than soft and muddyâ€" tasting. He said the scheme failed beâ€" cause the incentives were insuffiâ€" cient. He referred to the Government Annuities Act of 1908, â€"saying its major objective was to encourage thrift among wageâ€"earners through sale of annuities at cost, or less, in order to avoid the need for general oldâ€"age pensions. 10 © We Welcome you to compare Price and Quality ®@ 30 day money back guarantee 40% OFF DIAMONDS WATERLOO SQUARE â€" Income security plan is questioned HATASHITA JEWEL SHOP log Chronicle, Thursday, February 4, 1971 In his yearâ€"end report Arthur H. Mingay, viceâ€"president and general manager, said assets in 1970 increased 11.5 percent or $297 million to $2,871 million. Amendments to Ontario‘s trust and loan legislation, coâ€"related with the new federal legislation, will expedite Waterloo Trust and Halton and Peel mergers, expectâ€" ed to be completed this year. Recent amendments to the fedâ€" eral Trust and Loan Acts will asâ€" sist the merging of Waterloo Trust and Halton and Peel as provincial companies with Canada Turst, which is under federal statute, Mr. Taylor said. ‘‘High unemployment must be a major worry but the risk of reâ€" newed inflation over the longer term is very real," J. Allyn Tayâ€" lor, chairman and president of Canada Trustâ€"Huron and Erie, told the annual meeting of his company‘s _ shareholders _ last week. Referring to present economic conditions, Mr. Taylor noted there was an increase of over $1 billion dollars in the money supply of October and November last year. ‘‘These .factors should more than offset the uncertainty of tax changes, narrowing margins of profit and the adverse effect on many industries of the strongâ€" er Canadian dollar." Trust company‘s assets climb to $2,871 million ‘‘The fiscal policy reflected in the November budget was defâ€" initely expansionary and spendâ€" ing appears to have been reâ€"esâ€" tablished as the order of the day. ‘‘For the short term the stimâ€" ulus to the economy that is now taking place should bring signifâ€" icant improvement. This will be augmented by continuation of exâ€" ceptionally high exports, susâ€" tained by increased sales to the United States and by sizeable wheat exports. of reasons, are unable to do so, is a far more subtle problem than the authors of the white paper on income security appear to realize. ‘‘The most disturbing element is not that the authors haveâ€"overâ€" estimated the dimensions of the problem, but that they have underâ€"estimated it. ‘‘To provide income security for all Canadians effectively will ‘reâ€" quire major efforts in both public extreme cost but because these benefits do not adequately provide for those who need them most. ‘‘To find a balance between moâ€" tivating people to look after their own needs, and providing assisâ€" tance to those who, for a variety FOR FURTHER INFORMATION & RATES 125 UnionSt. E. Waterloo Mortgage loans increased 12.3 Waterloo Kitchener JESSOPS cieaners Complete > ‘Rent â€" Alls We Rent Most Everything Ontario & Duke Sts. Equitable | /"' m:" 6 Life elects FA{-‘-«JE ‘ 2? /o T_R Suttie: WALL TO WALL CARPET CLEANING Mr. Suttie joined the company as an actuary in 1949. In 1965 he was appointed assistant general manager and became senior viceâ€"president in 1967. T. R. Suttie was elected presiâ€" dent of the Equitable Life Insurâ€" ance Co. of Canada at its annual meeting here Monday. He reâ€" places H. E. Power, who resignâ€" A year later he was named executive viceâ€"president, which post he held at the time of his appointment. Mr. Suttie reported a 16 perâ€" cent increase in new business for Individual life insurance sales were up nine percent on 1969 while sales of group life and group annuity combined increased 34 percent. The 50yearâ€"old company is building new head offices at Westâ€" mount Road and Erb Street to replace its overcrowded King and Erb Street headquarters. Target date for completion of the ‘$2,150,000 building is Novemâ€" ber, but Mr. Suttie warned that weather conditions and possible spring strikes may delay this. Estate, trust and agency busiâ€" ness increase for the year was $171 million or 12.4 percent for a total of $1,546 million. Net earnings were $6,011,000 or $1.18 per share. percent or $119 million to a total of $1,086 million. Consumer and personal loans increased by $4 million to $6 milâ€" lion. * and private sectors, the former to look after those who are unable to fend for themselves, the latter to provide for the majority who do not require state help. ‘‘My firm conviction is that government should explicitly reâ€" cognize the desirability of private initiative in this area by allowing significant tax concessions to those who can and will provide for themselves. ‘‘Only by such devices, and by using the strengths and initiative of the private sector, can the imaginative, changing and flexible programs required by the contemâ€" porary environment be developâ€" Waterloo Square 7AÂ¥4â€"2741 CALL US AT butrags. Aiiboatediihasmt»~>dauntrtet Witrbatantiiieerntdt MacGregor, fulfills the dual funeâ€" tion of providing facilities for people to make their own proviâ€" sion against the risk of death, disâ€" ability and old age, and at the same time generating capital for investment in Canada‘s economic development. ‘‘State schemes, especially payâ€" asâ€"youâ€"goâ€"schemes, do not.‘"‘ J.H. Panabaker, viceâ€"president, reported record achievements in most areas of the company‘s opâ€" erations. Sales of new insurance exceeded $800 million, bringing total proâ€" tection in force on Canadians to almost $7 billion. During the year the company paid $118 million to policyholders and beneficiaries. 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