The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

One eneration carries on work of oth Business family Hy ALISON MIZRKIII of The Examiner Family owned business has played an im portant part in the development of flame Business direction in the past decade has been toward the large corporation and fran chise where everything from merchandising to advertising is deterrntned by out of town directive ls there place for the family business in Barrie today Does the present generation of young adults want to enter family owned enterprises The business community presents strong examples to the affirmative on both quest tioiis Robinson Hardware has been an important family business in town for over half cen tury Charley Robinson founded store that has represented quality and reliability in Barrie for more than three generations Alvm Robinson one of the founders three sons manages the firm today and two of his three sons have been with the firm since they left school How well does the arrangement work Alvin Robinsons soninlaw who has also entered the business has some strong opi nions on the subiect irant Homer came to the business by choice He had universitv background and was established in the corporate business world His marriage to Joan Robinson helped give him the opportunity to become part of family business There is no question that family business has more pluses than minUses from my pomt of view hesays You work hard make decisions and take the consequences Thats why it works well He adds that with the family business there is no board of directors hidden in the Closet Further down Dunlop Street is another business that spans thrte generations Craig and Sons Mens Wear was founded in 1891 It is the oldest continuous business in the cnv John Franklin Craig the founder was mayor of Barrie nine different times in what has been described as politically knock cm sock em times Busy as he was with municipal affairs ran successful business through good times and bad His sons when they were old enough came to the store to work Three of the five staved with the business Bill raig later left the business in Ho his brother Frank died in 1972 and Jack Craig is still busy with Emilio Acetos left uncle Sam Bosco regular customer Andrea Taylor Stylists Examiner Photo looks on as Emilio attends to of Barrie at Giovanni and Perri Hair $225million in capital works Program to boost Paper Industry ESPANOLA Ont tCPt $225million capital works program has been approved for this community of 65m iii an effort to bolster the local economy and ensure the future of Ontarios sagging pulp and paper industry Thc program was announced Wednesday by Larry Grossman Ontarios industry and tourism minister and ER Eddy Forest Products Ltd which will implement renovations at its plants here and in Ottawa EB Eddy will provide $200 million with the provincial government contributing about $166 million and the federal government aiiothchtH million It is the largest capital works vcnturc iii the companys 128ycar history with most of the expansion and improvements to be done in this community about so kilometres west of Sudbury MODERNIZII MACHINES Major renovations will include pulp and bleach facilities at Espanolas sulphate tiiill and two specialty paper machines llans also incltidc modernizing the Ottawa plants three fine paper machines The company is aiming at pollution abatement measures to meet provincial government standards The project also in cludcs investments in improved energy scltv generation and conservation The government incentive and company investment is part of new program in Ontario to encourage improvements in On tarios pulp and paper industry Dollars and Sense Purchase lAA now as interest rates law By RALPH ALEXANDER Dear Sir In 1979 realized substantial capital gain on the sale of my business My accoun tant and have decidcd that to mold paying all the income ta this year should pur chase an income averaging annuity have until March of nut year to purchase this annuity but life insurance agent friend of mine insists should purchase it right now What doyou think RR Dcar There are two general reasons why you might wish to wait until March to plus chasc your Income Averaging Annuity tlAAl Under Income Tax Act the premium for an 1AA is tax deductible and the payments you receive are subject to income tax By law you must receive the first pay ment not later than 10 months after the date of purchase By purchasing the annuity on March 1980 you receive the first payment on January 1981 and thus avotd any in crcasc in your 19m taxable income This may or may not be of significant benefit in any particular case In many cases an AA must be purchas cd but the taxpayer does not have the cash to do so Therefore bank loan must be ar ranged As the rate of interest on the bank loan will usually greatly exceed the rate of interest earned on the 1AA it can be ad visable to defer purchase of the lA as long as ptRSlDlt TWO REASONS There are also two general reasons for purchasing an as soon as the ap propriate amount has been calculated If you have the cash to buy the and you invest it other than in the IAA the in terest on your money will be subject to iii come tax If the money were invested in the 1AA the interest is in effect tax sheltered and tax is only paid is each payment is received An 1AA cannot be purchased by an estate Therefore it the taxpayers dies before purchasing the in ill ill have to be paid in the one year THE payments would only have been taxi blc as received by the lXlltlltltll designated iii the contra ct Notwithstanding these general considera tions the most important consideration should be the ratcof interest to be earned on the money This rate of interest can vary significantly from company to company Life Insurance Company or Trust tonr panyt at any time In addition there are two cycles affecting the rate of return on contracts Seasonal Cyclc Each January and February the insurance and trust tttlllr panics are inundated with money from RRSP and 1AA plans Therefore in most years the rate of return will tend to drop III the first two months of each year as the huge supply of money will tend to depress the mortgage rate and bond yields BlSINESS IIlCTlTli 21 Business Cycle The fluctuating level of business activity in Canada and the US causes cyclical pattern of interest rates with peak rate occurring cv cry three to five years Last year interest rates were in rtstng trend and this trend countcractml the seasonal trend This year we havc just passed the peak 11 interest rates and the cyclical trend is now towards low or rates SlMMARY Both the seasonal and cyclical trends are toward lower interest rates The interest return to 1AA contracts could easily drop 11 to percentage points between now and March 19th This particular year you would be well adv isal to purchase your now business that has survived three wars depression and few recessions Jacks nephew George Craig is the third generation to participate and he says ney er considered anything else George is dedicated to the benefits of what his family tradit ion represents Small business stands for good service and good products reliability George raig says The newer enterprises in Barrie also have their share of participation across generation lines Ounito Giovanni Paul Ross Perri and his brother Joseph Perri advertise that they have been making Rarric women beautiful for years if you doubt that claim look at their record Since the year 1937 when the Barrie shop on Diiiilop Street opened the long hours of work have produced outstanding results VOWIIIItPIPISIItIS Now there are three shops here and one in trillia All of them are busy and their opera tion and future have become the concern of an additional generation Quinlo Giovannis two biotherinlaws have come into the business and Joseph Perris sons Santo and Elllllltt now share the hard work and creative input laiil Ross lerri when asked about par ttctpation of the younger generation in his business responded with enthusiasm He said that his nephews Emilio and Santo were eager to enter the firm and that they make real contrilnitioit We teach them the old styles and they are always coming in with the new ideas he said lcrri points out that this helps the shops to accomplish their objective which is trying to please cvcrybtxly In at least one case Barrie business was founded on the interest two generations had in working together Career opportunities for young women in Barrie tend to be limited Lorne Hay Barrie real estate man was aware of this few years ago when his daughter Kathy was planning her future He assessed the possibilities and decided to create new business in which his daughters abilities would become an asset That was four years ago and today Lornc can say that his new venture not only employs both his wile and daughter but total of nine ciiiplnyccs and will touch the $3 million mark this year Lorne Hay had carefully assessed the travel business and found need to be filled Today Hays Travel Service specializes in group travel The Hay staff escorts their clients to their destination and ensures the travellers pleasure by being present on loca tion with informed advice on restaurants and recreational facilities Son Gordon Hay now represents the family firm occasionally as an outside salesman and Barrie has one more additional family team operating successfully The federal department of regional economic expansion and the provincial Employment Development Fund will ad minister the program Espanola Mayor Leo Foucault said Wed nesday the project will ensure the longterm future of the town MAKESCOMMITMENT Its one of the best things that could ever happen here It shows that ER Eddy has made Commitment to stay Town and company officials said they could not estimate how many jobs the program will create at the plant where 900 workers now are employed David aveeir economic expansion representative for northeastern Ontario said Theyve gonc through It tough years and only now are starting to come out of it the examinorf EnergyNov 39 193135 ffair for some Kathy Hay left talks to customer at Hays Travel Service Next to her are her parents Lorne Hay and Betty Hay Examiner Photo Shop Canadian award Col ngwood ti rm rewa rded COLLINGWOOD Kaufman of Coll ingwood has been presented with an official Shop Canadian Award by the Ontario ministry of industry and tourism in recogni tion of the part the Collingwood furniture manufacturing firm has played in Ontarios Shop Canadian Program Kaufman was the first company selected by the ministry in its World Winners pro motion program The World Winners pro motion consists of series of exhibits mounted in major shopping centres the CNE and other key exhibitions in which the achievements of Canadian manufacturers in tough export markets are used to prove to Canadians that our products ae competitive both in terms of price and quality Our market research showed that some Canadians were concerned that goods made Tender offer by Genstar MONTREAL CPt Genstar Ltd con firmed Wednesday it has signed an agreement with Flintkote Co of Stamford Conn for cash tender offer for any or all common shares of the major US cement manufacturer Angus MacNaughton chief executive of Genstar said cash tender offer of $55 US share or total of $3043 million US would begin today and be open for ap proximately 10 days The agreement also provides that any shares of Flintkote remaining outstanding after the tender offer is closed will be con verted into the right to receive $55 in cash in merger transaction New branch opens ProCotor Photographic Services owned by Peter Northcott Barrie open ed new branch office in Parry Sound Christine Tobiasz who worked at ProColor Barrie Since its opening years ago is manager of the new store Celebrating the store opening are Peter Northcott left Miss TOthSI Marian Mclssac and Roland Mcissac The Mctssacs are coowners of the store With Northcott here might be interior to imported goods explained Douglas Jure manager of in dustrial development promotion for the ministry In these exhibits we point out that companies like Kaufman are competing with the best in the world in the US market and in Japan and competing very suc cessfully think the best answer to people who argue that Canadian quality isnt com petitive is to point to companies like Kauf man The plain fact is they manufacture some of the best furniture in the world and their international sales prove it The Collingwood company has won more design awards than any other Canadian fur niture manufacturer The company employs 340 people in Collingwood The companys marketing strategy inter nationally as well as in the Canadian market is based on highquality and excellence of desigh Kaufman moved into the US market in response to growing US competition in Canada Theresjust so much US furniture sold in Another look it By DOUGLAS GREENWOOD Dont look for temperate words Dont look for tempered protest Dont threaten me with poverty and serfdom and expect me to accept meekly your perfidious treason against humanity Especially when it is treason born of ignorance Especially when it reveals to clearly the anatomy of despotism will not submit humbly without murmur to your ad monitions that must tighten my belt learn to accept lower standard of living because of an energy shortage that is result of deliberate political actions Which in turn is the result of deadly flow of Fabianist poison that has been dripping into the veins of the previously free and healthy western nations Especially the Im not going to waste words explaining why there is an energy crisis when theres actually no shortage of accessible oil in the earths crust along with other fossil rand nuclear fuels What do is curse you for your obvious lack of true understanding of what economic freedom means to the human race Curse you for your spineless lazy and un critical acceptance of political and philosophical garbage that started in the West with President Roosevelts socialist style New Deal and has continued to be ac cepted like an evergrowing stench by those who live on dung hill by politicians and peoples alike speak of political expediency that ultimately leads to slavery disguised as compassion of whips hiding behind garlands of velvet demagoguery of such high sounding phrases as freedom from hunger from fear and all the other specious claps trap of conspiratoril socialism that flowed like honey and penetrated like soporific anasthetic ACCEPTANCE OF CONTROL Im talking about the lazy and uncritical acceptance of government control in our lives From public school through college first in compulsory school primers and text books compiled as libsleft propaganda enforct ed on parroting educators by those mightv taxfree foundations that control ever governments then though adulthood frorr massmedia again controlled almost totally by the Council on Foreign Relations TrilateralistsBilderbergers and their inter national monopoly capitalists who in turn are the masters of state capitalism which is the true definition of Communism Like in the govemment owns everything including your soul As say mister puppet politician you are lazy and ignorant if you have not had the mentality and critical intelligence enough to understand and learn what is the real truth behind spacious collectivist philosophies To refer to them by such an honest word is in our own market that the competition is just as tough here as it is south of the line said Cockerill executive vicepresident and sales manager of Kaufman And over the next number of years as tariffs go down the manufacturers who have already established prsence in the US market are going to have real opportunity to make big gains The ministrys Shop Canadian Award was presented to Kaufman for excellence in furniture design and manufacturing Ac cording to Jure companies like Kaufman who are manufacturing very high quality pro ducts and who are prepared to get behind the Shop Canadian program arethe real keys to one of the biggest economic opportunities we face in Ontario recapturing greater share of our own domestic market in import competing sectors like fumiture manufactur ing Canadians do benefit when we support Canadian manufacturers and we wanted to present Kaufman with this award for helping us get that message across in Ontario ln white rage Judas goats of treason itself an insult to scholarship In truth socialism is not philosophy it is nothing but collection of phony ideas spawned in envy and sired by malice And again as say Im not concerned with proving my words about energy shortage and the altruist myth of socialism including progressive conservatism any more than should have to prove that putting blinkers over the eyes of man and halter bit in his mouth is crime against humanity Anyway Ive gone into all that in other columns suffice it to say that government under control can serve mankind like warming fire out of control it can be an allconsuming flame of tyranny FORCED OPINIONS What we are now sliding into is world of tyranny that comes when for example under the guise of an energy crisis that has been deliberately created we are told we must accept lower standard of livingtighten our belts and all the other phrases that echo the foreboding doom that awaits the oncefree western nations In such an environment of slavery then will all the present libleft Judas goats of socalled Human Rights Gay Rights Womens Lib Freedom from pro tection for this group and that group and this race and that race and ths thing and that thing and everything except the economic in dependence of the freedombringing capital of industry and its creative enterprises be scorned by their true authors then will such legislated altmism go the way of all Judas goats once they have achieved their betrayal of the flock to the slaughterhouse of freedom Rationing they talk about on the front page of newspapers and top newscasts For how long In war such deprivations will end one way or another with the end of war In peace what can we look forward to if ration ing is imposed Eternal siege conditions For ever and ever And tyranny You scoff when warn about that Here In your own home town All right on the front page of Canadas national newspaper the Globe and Mail comes the announcement that telephone numbers will be provided for persons to call if they see that their neighbor is cheating on gas rationing Spy on yourselves Thats the code of the concentration camp Its where tyranny begins and ends Its what the government is propostng To all those who have exercised their power to make and enforce all the dreary enslaving legislation in the name of progress that is leading to conformity of the prison yard and to the livmg death of nightmare world of total government say may God damn you for either your foolishness or your fien dishness And Im not blaspheming mean it in the full Biblical sense of the words