ff y 4Si Page THE HERALD OUTLOOK May 190 Residents oppose Acton development Read n Rock Stewarttown Public School held a Read and Rock night April About 130 students alternately read and danced from m to midnight Students listened to a story teller and other interesting people during the evening The school hopes to raise for events held throughout the year The event also recognizes International Literacy Year These students kicked off the evening with pillows and some good books from Page be grown separating the develop ment from the Mill Street houses And he suggested if the Mill Street residents agreed additional plan ting on their side of the property line could be done at the developers expense There is no better way to pre vent soil erosion than planting said Mr Ussner And he stressed that although experts say the soil is good enough for building I still go for overkill to make doubly sure But the same man said very little grows on sandy soli Cook Street resident Rlcchard Vanderwall who spoke on behalf of the streets homeowners said the development could lead to social unrest in the area Most of the houses and apartments will be occupied by parents with young children said Mr Vanderwall And when these children grow older they could get involved in vandalism he said He pointed to other cooperative housing developments Acton where he says this has happened Mr Vanderwall acknowledged that more affordable housing is re quired in the town but it shouldn be clustered a small area Potential parking problems was another of the residents worries The same parking problems that have come with the housing development on Kingham Road will accompany this development they said Mr said each resident will have l parking spaces more than the town required 1 for each unit But residents remained stead fast saying neither 1 or 5 park ing spaces would be enough for the development Police Beat operated by a 37 year old Georgetown woman rolled back after being parked on Church Street It collided with a Jaguar Gas station robbed Fourcar accident Halton Regional Police say man entered a gas station on Guelph Street in Georgetown removed all the money from the cash register while the attendant was working outside and took off in a calm manner The man emp tied the money from the register and calmly walked to a waiting vehicle on Hall Road at 12 2o May 2 The station lost bet ween and Boy missing Police are searching for a 13 vear old missing from a group home in Milton Christopher is described as four foot seven inches tall weighing approximately pounds with a slim build short straight brown hair blue eyes wearing black running shoes a white sweatshirt and a black baseball cap He as depressed last seen 2 police sa Man charged 24 ear old man has been charged ith possession of a dangerous weapon and in connection with a domestic incident in Georgetown at May l Members of the tac unit were called to the scene after a period of negotiation with a man He was arrested without incident or police A 177 calibre pellet rifle and a knife were seized from the house Stereo stolen A portable stereo and a large amount of jewelery were stolen from a residence on Sixth Line near Sideroad 22 between 30 April 30 and 2pm May l while the residents were in Toronto Police have estimated the value of the stolen property at 500 pearls beads earr ings and other pieces of were taken from the home The culprit or culprits removed the panes sliding glass wmdew to get in and ransack the house police say Two arrests A threemonth investigation by police into a series of short change or Aim flam scams has ended with the arrest of two Toronto men The arrests made by Detective Constable Ashley and Constable Hubbard of District One Milton and Halton Hills involved charging the two men with counts of fraud More charges are expected to be laid as the investigation continues Charge laid A charge of failing to take cau tion against a vehicle being set in motion has been laid following an accident that occurred on Church Street east of Main Street South at 7 May A Ford A four vehicle accident has resulted in a person being charg ed with going through a red light at a April A da driven by a year old Georgetown man was travelling west on Guelph Street when it col with a woodchipper that was being towed by a GMC driven by a 30 year old Georgetown man travelling south on Sinclair Avenue The woodchipper then collided with a 1984 driven by a 31 yearold Georgetown man and sent debris hitting a 1979 driven by a 24yearold Brampton man The Oldsmobile and Toyota were heading east on Street but had stopped for a red light The Mazda received moderate damage the GMC received light damage the Oldsmobile received moderate damage and the Toyota received moderate damage Threecar collision A threevehicle collision has resulted in a person being ed with earless driving at 45 pm April A 1984 driven a 25 year old Georgetown man collided with Toyota driven a 3ovear old man The in turn col lidea with a 1985 driven a 36vear old Guelph woman All three vehicles were travelling west on Street east of Road The received moderate damage the Toyota received moderate and the GMC received light damage Twocar collision Police have laid a charge of folio too closely in with an accident that oc at p April 27 at the intersection of Street and rfoad A Chevrolet driven a 49yeir old Georgetown woman was travelling west on Guelph Street in heavy traffic and collided with a driven by a 30yearold Guelph man The received light damage and the Chevrolet received moderate damage Pedestrian struck A pedestrian was struck when she crossed against the lights at 10 28 a Apnl police say A Ford driven by a yearold Acton woman struck a 59year old woman at the intersection of Mill Street and Main Street The pedestrian received minimal in juries police say Save longer and make more ITS YOUR MONEY Paul J NO Jim and Jerry They ve been life long both having gone to University together graduated from the same engineering course found jobs vir tually identical and paying well marned bought homes raised families etc But this year both have reached age and their respec firms have a policy of retiring employees at that age Jim is look ing forward to that retirement Jerry is dreading it Why Both had the same comparative lifestyles actually both had saved the same amount of their income although in different methods but one was wealthy Jim and the other had just enough in retire ment to keep the wolf from the door l Jerry What made the difference Jim started saving from the first day he started working Jerry started saving heavily later in life after the house was paid for and his children had been put through University Jim decided to start saving 10 of what he earned from day one Admittedly he was only earning a year so was 40 yers ago but that was a good in come then So he saved that first year and continued to save of what he earned all through those 40 years even when he was paying the mortgage and putting his children through college In order to do some mathematics for our fictional friends lets assume their average wage was per year all through those years probably close to the average wage today Let s look at what the results would be Jim would have saved 10 of that 20 000 per namely per year Sure it was hard especially when he was paying for the house but he took a 25 year amortization on his mortgage to keep his mortgage payments lower and thus be able to save Jerry on the other hand took a 15 year mor tgage with higher monthly payments because he wanted to clear the mortgage in a hurry and then start saving Jim by saving per year putting it in mutual funds each year hich have proven over the past in good funds to average over 15 per year would have in vested a total of 000 in the years and at rate or return would have Yes over million No wonder hes looking forward to retirement Jerry on the other hand was busy making heavier payments on his house to clear off that mor and paying for his childrens education Jim paid for his kids education too He was 50 years old when everything was cleared and then he really concen trated on building his future retire ment funds Jerry started saving 5 33 a year for the next 15 years and he too invested in mutual funds where he averaged per year The total invested came to 000 same as Jim s total investment but his value is whereas Jim had over million What a difference Both had invested the same amount at the same rate of return but one had 3 000 more than the other Why the difference Jerry had fallen prey to the 1 start saving when everything is paid off syndrome and had thereby lost the most valuable asset of all building wealth namely time Jim had started sav ing when he started working at age 25 Bach day you and I do not save that 1 or is lost and even if we save double the amount the next day or later as Jerry did there is no way we can buy yesterday back Thats why we say start saving the day you start working or the day you start working or the day you read this article no matter what your age Put TIME plus mgs to work for you Dont be another Jerry For free information on mutual funds ask for Why Doesnt Everyone and contact Peter C Masson 10 Drive Georgetown Ont Or phone 877 7216 Paul J is the author of the best seller Why I Invest In Mutual Funds and President of Regal Capital Planners Ltd Rummaging Joyce Challenger and Marjorie were having a good laugh as they tried to make additional sales at the Saint Andrews Church Hum- mage Sale April 21 Ms Challenger was trying to sell the bear while Ms was trying to sell her cap Heraldphoto