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Orono Weekly Times, Wednesday, November il, 1992 -i N&N wants, Name Change costs cave red The Town of Newcastle bas received a copy of a letter sent 10 the Minîstry of Municipal Affairs by the Northumberland and New- castle Board of Education in which they have estimated the cost of the name change to ho $36,500 to the board. The letter advises the Minister that a name change of the Town of Newcastle sbould not take effect at any direct cost 10 the local Board of Education. in a fînancial statement the board estimates an immediate cost of $26,500 and a furtber $ 10,000 of phased-in costs. Kendal News,. (Continued from page 2) very beautiful and moving, thank you Bernie. Don't forget, if you can not gel tickets for the supper and play in Newtonville for November 14th, there are stili some available for Friday, November 2th. Answer to trivia question last week, "who built the Presbyterian Church and where did it stand?" This Cburch was built at the same ime as the stili standing United Church, formerly the Methodist Cburcb. The Presbyterian Church was built by Mr. William Jackson, a Metbodist and stood on the north-west corner of Mill and Dîckie Streets where Mr. James Hoys bouse now stands. As a child 1 can stîli remember tbis cburch standing there ail closed up and in bad shape. I was forbîdden 10 go near it for fear of getting burt. I guess the Preshyterians were better builders than the Methodist. Aliltbese thoughts of Kendal P Longest terrn for iolig-age nay not be best strategy 110W By Rick Bates, CA With each drop in interest rates over the past few years, theres been a general rule: lock into the morigage for as long a term as MQYUXfA17 possible. Now that rates have fi- nal ly corne down to levels not seen for more than 20 years-and it may only be a matter of lime be- fore they rise again, perhaps dra- matically-thatruleisbeing touted more strongly than ever. However, this may nothe the lime to follow general miles. Yes inter- have been brought back to mind as l'have recently been re-reading the book Kendal His, written by the late Catherine Stewart. It is hard to lyelieve thiat from 1870-1872 there' were 23 businesses in Kendal, among them 2 hotels, 2 stores and 2 milis. History would probably be repeated in every small community as with travelling very difficuit in those days each village was the source of everything one needed to live. 1 wonder if life really was better in those days, it certainly was slower, flot the hectic way we live now, we enjoyed each others company more then, but would we want to put up with ail our ancestor's problems, cutting and hauling wood for heat, no electricity, no running water, scrub boards instead of washing machines. Preserving A your own fruit and vegetables, putting down your own mneat without refrigeration, having to hitch up a horseý everytime you wanted 10o go somnewbere. It mnakes one wonde(r, when, you hecar the "Good old dlays", what will future genlerations think of the limes wve are living in now? Will they be thoughit of as Primitive, as we think thle ti mes of our grandpareins and great- grandparents. The Newcastle Community Liaison Group invites yous to a UBLIC MEETIN Novem ber 16/92 November 23/92 -Newcastle Town Hall Guest Speaker: Dr. Audrey Amour -Newtonville Public School Guest Speakers: Dr. Harrison Dr. Main Dr. Aldo D'Agostino 7:00~ 7:30 a PM D PM Board of Education implements pay-equity plan The Northumberland and Newcastle Board of Education clerical staff will have their salaries increased from $3.60 1 $3,000.00l a year under a newly revised pay-equity plan. The trustees approval of the s etlement wiIl mean 180 secretaries, clerks and computer workers wbo formerly made $20,800 to $26,000 per year will now earn from $20,803 to $29,100, said board superintendent John Reid. The deal applies 10 50 elementary, 9 secondary schools and 10 employees at the board office in Cobourg. A 't the same lime the pay-equity settlement passed trustees accepted a new two-year contract with the workers., 1The contract gives no increase in the first year, a two percent increase in the second year and one percent more on June 1994. The pay equity settlement is a result of the provincial Pay Equity Act which is designed to fight against economic discrimination against women in traditionally female-dominated jobs. Similar actions are being dîscussed to work out deals with non-union administration and support staff and secondary supply beachers. Information involving the total costs of the deals were flot released. est rates are down, but long termn rates have flot dropped as much as shorter term rates. As well, infla- tion seems to be stuck below the 2 percent barrier, wbicb is welcomne news, and United States interest rates are also quite low. Both these factors point to continuing low rates of interest and perhaps even fur- ther drops in longer termn rates. Still, a bird ini the hand is usually worth bwo in the bush with mort- gages. So is il time lo go long termn or continue with the short termn strategy mostCanadians have been following recently? The spread right now between a short term, one year mortgage and the longer terni, five year mort- gage is about 2 percentage points. Thus for a$ 100,000 mortgage arn- ortized over 25 years, the pay- ments on an 8.5 per cent five year mortgage would ho about $795, while the payments on a one year 6.5 per cent mortgage would ho about $669. What happens at the end of five years if you opt for the five year mortgage? Over those five years, you will pay $40,360 in interest and reduce th-, principal outstand- ing by $7,360, for total payments of $47,700. You wîll reduce the outstanding principal on your mort- gage to about $92,640. If instead you choose a one year term, you'll reduce your outstand- ing principal t0 only $98,327 and then you must renew at the goîng rate a year from now. Let's assume that the rate in 1993 bas shot up to 9 percent. If the rate stays there for the next four years, or you lock in a four mortgage at that time, you will reduce your principal to about $92,620, wbich is about the samne as if you had chosen the five year mortgage. 'Me real point here is that a rise in interest rates from 6.5 percent to 9 per cent represents almost a 50 per cent increase and that kind of ini- crease is becoming rare. By choos- ing the one year mortgage at 6.5 per cent and renewing each year, you simply have to ensure that you renew at 9 per cent or less each year to bc as well off as you would ho by locking in the five year mort- (ContmuLed page 12), It's Our Nature. My dog loves to corne with me when 1 hunt, but he doesn't play an active role. Are there any restrictions 1 need to know about? If you want 10 huaI with your dog, here are somne things ta remnember * Dogs must be licensed if tliey are 10 ho used t0 hunt deer or moose. There is no limit on the number of dogs with which yo)u may hunt. * If you are hunting raccoons at night, your dog must be licensed for raccoon hunting. * Dogs entering Ontario from the United States must be accompanied by a cert 'ificate signed by a veterinarian licensed in Canada or the United States, cerifying that the dog bas be-en vaccmnated against rabies dluring the last 36 months. It must also include a legible description of, the dog and date of vaccination. * Safety is an important thing to remember. You can protect your dog by making sure he or she is visible when hunting. One of the ways is 10 put a large blaze-orange collar on your dogs neck. While Conservation Officers focus on protecting Ontario's natural resources, you can do your part by ensuring both you and your dog follow the rules. After ail, conservation is in everyone's best interest. Ontario's Conservation Off icers are members of ani MNR team who protect oui natural resources. If you have a question, please write: Compliance Policy Branch, 90 Sheppard Ave. E., 6th floor, North York, Ontario M2N 3Al The Topie: The Port Granby Low Level Nuclear Waste Site YOUR PARTICIPATION IS VITALLY IMPORTANT. YOU CAN BECOME PART 0F THE SOLUTION TO LOW LEVEL RADIOACTIVE WASTE I'N'THE TOWN OF NEWCASTLE Michael and Sheila Spooner ROSE - ARBOR -ANTIQUES EARLY CANADIAN PINE - 011. LAMPS- QUILTS HO URS: Saturday, Sunday and Hohidays - 9:30 a.m. to 5:00 p.m. ALSO BY APPOINTMENT OR BY CHANCE (416) 983-9091 6179 Andrews Rd. 4.8 km. east of Hwy. 115/35 R.R. 1, Kendal, Ont. LOA lEO on Clarke 6th Conc. PELLET STOVES CORN & PELLET FURNACE AND MOT WATER BOIER ~FULL LINE 0F SOLAR PRODUCTS WIND & MINI HYDRO SYSTEMS COMPOSTING TOILETS 623-2313 116 KING ST. W., BOWMANVILLE "VANSTONE MILL" Alternative Energy & Environmental Products,