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King Township passes 1 million program man Catholic school board to deal with York County Roads Commission concerning in stallation of a waterman extension under the right The approach must of way road allowing a sup- made to the Township ply of King City municipal King the countys chief en- water to Holy Name A J inform- ale school under construe- ed the boards solicitor tion west of the village John boundary limits The township is respon sible Mr noted for construction and mainten ance of the ex tension The township I installation tension with copies of maps plans and profiles to be re viewed by the county com missioners Council has therefore instructed its en gineers Totten Sims and Associates to inves tigate and to suomit an en gineering report Earlier the village wat erworks engineer Don But ler had estimated a steel connection would cost the school board an estimated The board rejected the high cost of such an installation accepted the plastic pipe but Don manager of Walkers Stores Ltd on Newmarket Plaza con fer itulites former of 1 tuk presents him with a brief rise on behalf of the Merchants Association Mr Fisher has left for Alberta where he will assume managerial duties large store there Waldi iSlaff Real estate president Hydro raises raps 5 yearmortgages rural rates TORONTO Magee president of he Toronto Heal Estate has eliminated the pos sibility of 50year mort gages as a method of eas ing housing costs Writing in the real estate industrys monthly magazine Listings Mr says new informa tion has caused him to re consider earlier sugges tion for and reduced monthly pay- It Ryan vicepresi dent of the Mortgage in surance Company of Can ada lias written I think his comments I well founded Inasmuch he lias looked into his in ter in great depth and may be of Interest I repeal some of his said the matter is our jurisdiction Village officials laid out to the municipal water- Village trustee Dave Clark had questioned the feasibility of plastic instal lation providing adequate fire prelection to the building Township councillor Sid with the county to provide water for the opening of Holy Name separate school in Mr Ryan has taken lwo examples one which was done last year on a typi cal mortgage when interest rates were and the other which was done recently on a mortgage with Hie Interest rate at In both ex amples he look an amorti zation period of years firm a worsening position His were that Ihe merits of an amortiza tion period in excess of years for house mortgage are questionable and cer tainly anything over years particularly at cur does not seem lo make any sense at all By amorti zation period from to years the monthly pay ment is reduced by only the additional inter est cost over the lifetime of he mortgage years Is Furthermore after paying on a year mortgage for years he borrower still hasnt paid off the principal Mr Ryan goes on to mention thai he has cal culated the reduction in the loan amount which would bo required to produce same reduction in monthly payments resulting from an extension of the amortiza tion period A borrower would accomplish Die payment achieved by In creasing the repayment period from 35 to K years by Investing an extra 137 at the outset Mr Magee concluded Hydro increase if rural first general increase in 15 years The new rates wilt be reflected in bills mailed on and after Oct The increase will vary from customer to customer according to classification used The average will be per cent A detailed explanation of the changes Is being mail ed to all rural customers As summer collage cus tomers are billed only Iwice a year Ihe new rales will not come Into effect for these consumers Until after the bill for meter readings taken at the end Of the IOCS season A fix ed amount Is charged In the spring and the fall bill is based on a meter reading taken late each From lime lime dur ing the IRycnr period since 1953 relatively min or rate adjustments have been made lo meel chang ing conditions on the sys tem lasl one was in iwr when 173000 custom ers received decreases and 105000 small Increases Dinner to honor graduating class KKTTLEBY Mrs Dora and Mrs Malda George attended the York County rally at Sharon Hall on Thursday Hie catered to J dinner honoring the two Jr graduating classes Public School Mrs Violet pre sented Ihe Albert trophy to Mark Armstrong for best attendance record Mr and Mrs Graff from were guests of Mr and Mrs Mitchell this week A large number of resi dent attended the strawber ry supper at York Pines on Wednesday exiling Inking a two month summ holiday The from a two week trip the east nasi am the At Stewart Beares Special Selling of Inglis Automatic Washers 3 Special Washing Cycles Normal for regular fabrics Delicate for delicates and lightly soiled clothes Super Wash for extra heavy soiled garments and rinse temperature the beautifully laundered and spark res today and see this outstanding Safety lid automatic shut off Big lb capacity Automatic water level control positive fill regardless of pressure Separate rinses 8 spray 1 deep year home service free hookup year warranty on mechanism Low Bank Rates Beat the Heat with this RCA Victor Air Conditioner Wow End Costly Moisture Damage Stewart is now featuring new model Electrohome Dehumidifier Electrohome Stewart Beares Furniture TV Appliances NEWMARKET MICES BARGAIN BARN Visit The Barn On Don Mills 1 mile East Of WE CAN SAVE YOU MONEY ON CHEST FREEZERS BUY THEM IN THE CRATE YOU SAVE US TIME WE SAVE YOU MONEY CASH CARRY PRICES FULL FACTORY WARRANTIES INCLUDING LIFETIME WARRANTY ON LINER FREEZER COIL MOTOR PLUS YEAR FOOD WARRANTY ALL FREEZERS HAVE INTERIOR LIGHT LOCK AND WARNING LIGHT MOLDS III ONLY IF WE DONT SAVE YOU MONEY ITS BECAUSE YOU DIDNT BUY ANYTHING HOLDS lb ft ONLY 20 cu ft 25 cuft m 11 ONLY We Offer the Greatest Money Savings Values NEW CONTINENTAL BEDS QUEEN SIZE OUR PRICE Unit AAAF MATTRESS ONLY MATTRESS ONLY THESE BEDS CARRY A FULL 10 YEAR CONSTRUCTION GUARANTY OW PRICES PREVENT US FROM NAMING THE WELL DOUBLE BED SIZE OUR PRICE coi no OS KNOWN MANUFACTURER CHECK FOR ANTIQUES USED FARM EQUIPMENT COME SEE THE GIRLS VISIT BRICES BURGER BAR ON THE DON MILLS MILES EAST OF QUEENSVILLE