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WMITBY FREE PRESS PROGRESS EDITION, WEDNESDAY MARCH 2, 1983, PAGE7 SALUTE TOPROGRESS Trust companies grow with financial needs In 1898, when Canada was onlY 31 years old, It had 5,200,000 people, a grogs national product of $1 billion and .a national debt of $338 million. The country was struggllng out of a tough depression. Fuinacal requirements were uncomplicated and mainly handled by the banks. But as industry and commerce expanded, an& .private wealth in- creased, so dld the de- mand for more residen- tial mortgage. and loan companies as well as a new type of corporation that could manage the growing private wealth. Trust companies were established to act as a fiduciary (trustee) for a fee -?that Is, it holds assets in trust for cor- porations or Individuals. In 1898, George Coi, one of Canada's leading businessmen and senators, and a few col- leagues provided start- Up capital of $1 millon to form the- National Trust Company. Its shares were listed on the Toronto Stock Ex- change. One of only 50 companies and a dozen banks then listed. The followlng year, National Trust opezned a' Montreal office. and then, in1M10, took over the Mantoba Trust Company iWnnipeg. By the end of that year, it had $1 million invest- ed hIfarm mortgages. The Edmonton office opened'hI 1902, Van- couver in 1947, Victoria i 1950, Cagary in 1951. The company had ai- ways been empowered to accept deposits in trust. While stili relying heavily on ils fiduciary business, the company developed a satellite approach, opening re- tail offices i the major urban centres in which it was established. Hamilton's Centre Mali shopping centre was its first satellite of- fice, 'opening i1957. The Whitby branch of- fice opened in 1977 in the Safeway Plaza to pro- vide greater coverage to the Durham Region. in total, the company has 35 satellite offices offer- ing personal savings and related services. The company offers a wide variety of consum- er services including savings and chequing accoun.ts, personal boans, 1Pegistered Rome Ownersbip Plans, mort-. gages,> guaranteed in- vestmnent funds, estate planning, executor ser- vices and personal financial planning. àAssaoets of the estates, trusts and. agencies handled by National,'- Trust which totalled $8 iion -in 1908, now ex- ceed $9.8 billion. Total assets of the company are in excess of $2.7 bil- lion. Stokeiy's marks 43rd year as one of Whitby's major employers In order to exist, man must eat. This obvious fact has been the cor- nerstone of one of the greatest industrial con- cerns known to agricul- ture. With the development of high tecbnology in the 2th century the agricul- ture industry has bran- ched out. In fact, food processing has reflected these changes. Since 1940, Whitby lias been the home of Stokely Van Camp, a company whose canned vegetables and fruits cnbe purchased at almost every super- market in North Axinerica. According to the com- pany's Canadian vice- presîdent Andy Pater- son, the United States based food processor's gross annual sales rep- reent close to $520 million and are growing every year. The Whitby plant is one of the company 's two facilities in Canada, the other being located in . Berwick, Nova Scotia. The Brock Street Nor- th plants employs' 100 people year round with that number rising to 220 during the summer months. Not only are the pro- ducs processed and canned here but most of the raw materials are puréhased from local farmers. "'Almost 90 per cent of il is grown localby," Paterson said adding that most of Stokely's farmer-suppliers are located on the area stretching from Picker- ing to Bowmnanville and north to.Brooklin. Most of the farmers that supply the plant are independents. The company's tredi- tional marketing area is~ from Victoria, British Columbia, 10 St. Johins, Newfoundland, how- ever, this plant is pro- ducing goods for the European market. The Wbitby operation started producing goods for European market.s in 1976 when $115,000 worth were sold. Paterson said that in 1980 this figure rose to $750,000 and this year is expected 10 reach $2.5 million. According to Pater- son, the future potential of the company looks good in Whitby espe- ciaily wlth the increased prospect of European markets, most notabby in the United Kingdum and West Germnany. IWHITBY ýMALL Dundas & Thickson Mr. Anthony Lang, President of Tuje Limlted, owner,, '0f the Whitby Mail Shopping Centre and Lang Tower Office Complex ls extendlng his personai thanks on behaif of hlmseif and his company to the many shoppers and visitors whlch have made the Whitby Mati a huge success. Mr. Lang ls- committed fo ser- ving contlnuously the commnunity's shopping needs and he is lnviting shoppers to visit the Whitby Mati and when there see the com- pietely remodeiled Woo.lco Department Store and newly enlarged Super X Drugstore. The stores ln the Whltby Malt are open Monday through Saturday every evening with Super X Drugs and Whltby Mail Variety open on Sun- days aiso. 4Stores &'off ic e space currently available. For leasing information Scontact: Mr. Anthony Lang or Mrs. Mara Parks TIJ E Llmltod, 1615 Dundas Street East, Whitby, Ontario, Canada, Li N 21 Phono (416> 579-2515 Tel«x TIE WTBY 06-981462 DIRECTORY 0F SERVICES, STORES & OFFICES. Andrew's Shoos.......................... 728-9141 Angel Mut Pt Shop ...................... 5794157 Arby's Restaurant........................ 433-1081 Bread Man Bakery ............ ........... 571-3089 Cadet Cleaners............... ........... 7255012 Canadien Imperlai Bank of Commer 9 e........ 725-3564 Computercade........................... 57-5196 Hair Cars Centre......................... 7234021 Hart's Card N' Glft Shop...................28-399 Jiousehoid Finance & Realty................ 723-8101 India Fashions........................... 72.8810 Italian Draperies% Ltd...................... 57-002 Kamneka Footwear........................ 7284197 Key Books ............................. 57eU042 Kid's Fashions........................... 57.4310 L.C.B.O ........................ ........ 5791023 La Pomme Beauty Salon................... 723-5261 Maria's Place Itallan Restaurant............. 576-2668 McDonald's Famlly Restaurant ............. 728830 Miracle Food Mail........................ 723-3213 Picture This Photography.................. 571-1851 Rena Rent-A-Record...................... 579-832 Rubi's Fashions ......................... 433-1182 Rogers Worid Travel, nc .................. 571-222 Stippy's Delicatessen & Catering .............716n Super X Drug Store.......................43-1300 Sweet Shop............................. 72.660 Tau Jeweilers, mc ....................... 5790499 Top Une Sewing Centre...................7-1385 Valentîne Fashions....................... 723-1771 Whltby Mail Florisi ...................... 579-1325 Whltby Mail Restaurant & Tavern............ 7264135 Whitby Mail Variety Store.................. 579.«57 Whltby Mali Vldeo.......................434f Woolco Department Store................. 57-8370 Woolco Auto Service ..................... 5767570 Woolco Pharmacy............ ............ 5767270 MALL LOWER LEVEL General Motors of Canada ........... 644-500 LANG TOWER OFFICE SUITIES Dr. Gary Adani,, Doctor of Chiropractic................ 433003 Dr. Allen Goidberg, Dentist.................i.o 45 Dr. Francia Kwan, Generai Practîtioner....... 5713104 We Make Happen I 314Z I