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Avto Insurance Boar The Ontario Automobile Insurance Board published an independent consultant's proposal for private passenger automobile in- surance rates for the Board's consideration at an industry-wide public hear- ing which started December 12, 1988. The actuarial consulting firm of William M. Mercer Ltd. was retained by the Board to prepare a pro- posal. Mercer proposes private passenger auto rates according to the Board Class Plan, a uniform system of grouping risks. The Mercer proposal identifies new rate levels which Mercer considers adequate from an actuarial point of view. The Mercer proposal notes that the impact of its rates on an individual's in- surance costs is difficult to quantify. Overall, if the Mercer proposal is ac- cepted by the Board, the ef- fect would be an average rate increase of between 35 and 40 percent. Some in- dividuals could see their rates decrease, while others could have increases. The rate recommenda- tions contained in the Mercer proposal are those of Mercer and are not bin- ding on the Board. The Mercer proposal is intended by the Board as a reference point for analysis and com- ment by participants in the Hearing. The Board has already held public hearings and rendered decisions on a uniform class plan, rate making methodology, and industry profitability. As re- quired by law, it has adopted a class plan that eliminates age, sex, marital status, handicap and fami- ly status as criteria in the establishment of rates. As a result, the driving record of a driver will be more significant in the deter- mination of premiums to be charged by insurance companies. The Board indicated in its rate making methodology hearing a preference for ranges of rates rather than fixed rates in order to stimulate competition among the insurance com- PORT PERRY STAR -- Tuesday, December 13, 1988 -- 47 panies, thereby permitting consumers a freedom of choice. The Board's decision on industry profitability iden- tified the rapidly rising cost of claims as the single most important factor con- tributing to the need for in- creases in premiums. Ap- proximately $.80 of every premium dollar is paid out to settle claims. After hearing the evidence on the Mercer pro- posal, the Board will set private passenger automobile ranges of rates for 1989. It is expected that a decision will be announc- ed by the end of January 1989. The Board has placed notices in daily and weekly Slel halal A= A We Vc] I-A -3 NINE (Fo N=]F -Y ge] | FRANK @ LEBEL: REALTOR TORONTO LINE 686-3931 Serving Durham Ragion For r= Years 1M12 SCUGOG STREET PORT PERRY PORT PERRY 985-7386 (right beside Trader Sam's) $149,900. 1 year old vinyl sided, 3 bedroom bungalow with walkout basement overlooking Lake Scugog. 100 x 200' lot, drilled well. Call today for an appointment with Bonnie Steele 985-7386 or 985-3398. , "BRAND NEW AND WAITING FOR YOU" 3 plus 1 bedroom brick home overlooking Lake Scugog. Features quality throughout with master ensuite, oak cupboards, finished rec room, brick fireplace, immediate possession. Listed at $179,900. Call Penny or Ernie Duncan 985-7386 or 705-357-3710. HOBBY FARM -- BLACKSTOCK 3 bedroom brick bungalow, living room, laundry room, 2 car garage on approximately 17 acres with. 7 acres workable, 10 acres bush, barn, trout pond and good stream. Commuting distance to Oshawa. Asking $375,000. Call John Wolters 985-7386 or 986-4303. PRIVACY PLUS 3.05 acres with mixed bush, close to Hwy. 35. Culvert and laneway already in. Listed at $64,000. Call Bar- bara Vansickler 985-7386 or 985-3447. PICK UP AND GO! 70 x 12' Mobile Trailer Home. 4 bedrooms, bay windows, includes stove, fridge, washer & dryer plus -- clean and in good condition. April or May possession. Only $24,995.00. Call David Wood 985-7386 or 986-4986. COMMERCIAL -- CAESAREA Grocery & residence, close to lake and marina. Includes land, buildings, business and equip- ment, turn-key operaton, expandable business. Full 3 bedroom apartment above, eat-in kitchen, living room, full bath, very modern. Asking $350,000. For more details call Mark Smith 985-7386 or 985-3110. SPRING POSSESSION 2 brand new, 3 bedroom homes north of Port Perry. 1/2 acre lots with trees, central water, your choice of colours. Listed at $169,900. and $192,000. Call Er- nie or Penny Duncan 985-7386 or 705-357-3710. Res. 985-3398 Res. 705-357-3392 . 985-7639 . 986-5128 . 985-2526 . 986-4986 . 986-4303 . 985-3298 Bruce Currie Ann Elliott Valerie Hoffman Barbara Vansickler Christine Vanderniet Ernie Duncan Penny Duncan Res. 705-357- 3710 Res. 705-357-3710 Res. 432-7087 Debra-Ann Taylor Mark Smith Res. 985-3110 BOWMANVILLE $169,900. 3 bedroom brick/aluminum 2 storey in new subdivision, 2 baths, walkout from living room to rear deck, oak cupboards in kitchen and bath, upgraded carpet, extra deep closets in bedrooms, double attached garage. For more information call Allan Bassett 985-7386 or 432-7087. ROBINGLADE ESTATES 1 acre professionally landscaped with variety of matur: trees and arched hedges. Conservatively decorated 3 bedroom brick/aluminum sidesplit, combined liv- ing room and dining room, eat-in kitchen with walkout to deck, rec room with woodstove insert fireplace, 2 baths, double garage. Asking $184,900. Call Ann Elliott 985-7386 or 986-5128. FANTASTIC SUNSETS 133' of private waterfront, 2 bedroom insulated cottage, forced air oil furnace plus fireplace, new bathroom, new dock, drilled well. Loads of potential for the handyman. Priced at $124,900. For further information call Garry Royle 985-7386 or 985-3933. COUNTRY - $135,900. 75 x 200 deep lot, bungalow, 3 bedrooms, attached garage, full partially finished basement, hardwood floors. Call Christine Vanderniet 985-7386 or 986-0380. WATERFRONT LOTS 2 to choose from, 40 x 165" and 50 x 108' - $64,900. and $78,900. Permits available. 15 minutes east of Port Perry. Call Penny or Ernie Duncan 985-7386 or 705-357-3710. newspapers throughout the province to advise members of the public of their right to express their views. Persons wishing to participate in the Hearing may do so by contacting the Board Secretary and in- dicating their intent to par- ticipate by making an oral or written submission. Copies of the Mercer pro- posal are available upon request. Once the Board has made seeks public input its decision, all companies writing auto insurance in Ontario will either fix rates within the ranges or apply to the Board for permission to charge rates outside (above or below) the ranges. Members of the public are encouraged to contact the Board at: Toronto: 222-2886; Toll Free: 1-800-668-0128 -- 5 Park Home Avenue, 4th Floor, North York, Ontario. M2N 61.4 Farmers need a final tally by W.J. Baxter, Agricultural Representative The song asks, "What are you doing New Years Eve?" Taking inventory might not be at the top of most of our lists on December 31 at midnight. In fact, the ac- curacy of any count made at that time might be open to question. Nonetheless, an accurate count of all farm inven- tories on the last day of your fiscal year is essential to good business manage- ment. Without this inven- tory, business practices and conditions cannot be measured. Without a reasonable analysis, business decisions are more a matter of feelings than sound judgement. To get a true picture of the value of a farm business or real earnings during the year, all current assets such as feeds on hand, stored grains, and market livestock, can be assigned a fair market value. This represents the price you would likely receive if you sold them all in mid- January, when the market is not fluctuating because of the holidays. Breeding stock, on the other hand, is not as cut and dried. This is because the fluctuations in value are much greater than with market stock. Most valuers suggest that an average value be assessed and kept the same as the opening in- ventory so that a true measure of farming condi- tions can be made. Major changes in value can be made between the ending inventory of one year and the beginning inventory of the next. Valuing equipment and buildings for business analysis is totally different than for income tax pur- poses. For income tax, a schedule of "Capital Cost Allowances" (C.C.A.) is in- cluded in your income tax guide. These are the max- imum values that Revenue i NUE IUL] SELES WANT TO KNOW WHERE THEY'RE GOING TO BE HELD, AND WHAT THEY'RE GOING TO SELL? Check each week for the up-to-date Auctions in the PORT PERRY STAR Canada allows you do deduct as capital losses. For business analysis, either a true market value by comparison or a cost- less-depreciation value can be used. In either case, a figure close to the real value of the equipment should result. Since farm buildings seldom add much value to a property or can be sold apart from the property, a book inventory value usual- ly reflects the income tax C.C.A. of 5 percent less than the opening value. A farm inventory worksheet can be obtained from the local Agricultural Office. It will help to guide you through the inventory maze. Taking inventory can be an interesting exercise. While doing so, remember that you're going to find out what you're worth. That's a goal that's interesting to all of us. BEWARE THE MOTHER COW A farmer in the northern part of our area responded to a lot of bellowing among his cows one evening this fall. He grabbed his gun and ran out to find that those cows had treed four black bears. A cousin of mine, when he was a young boy, was at- tacked and seriously in- jured by a shorthorn cow with a calf at its side. The peaceful look of a herd of cows grazing with their calves can be misleading. Those cows, like all good mothers, will react to any real or imagin- ed threat to their offspring. Unlike human mothers, they tend to act first and ask questions later. Farm workers should use extreme caution when mov- ing among grazing cows, especially when they have calves with them. Strangers should never cross a pasture. Cows run faster than 20 m.p.h. over short distances. You know your cows bet- ter than that? How fast can you climb trees. 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