The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

eer wie einls peed ianga THE OSHAWA TIMES, Seturdey, Pebrosry 20,1963 13 | UNITED SPIRITUALIST Mortgage Co. President Asks Uniform Trust Law ecutor and trustee under wills, trustee of pension funds; the manager of funds as agent, real estate management, corporate as ' TORONTO -- C. F. Macken- ie, president of Canada Per- manent sedge ~ says there' is an urgent n 'or trast company legislation in Canada. He was addressing the company's annual meeting. He said that the parent com- pany, Canada Permanent Mort- gage, established uner the Fe- deral Loan Companies Act, has the. right to issue debentures. Canada Permanent Trust, in- --corporated. under the Dominion Trust Companies Act, does not have this power and is restricted to issuing guaranteed certifi- cates, "On a number of occasions I have said that the operation of 'our two institutions," Mr. Mac- Lensie told the annual meeting, "was essentially the operation of a trust-compnay, but that there were good reasons why' we operated as two entities. "We could not afford to give up the right to issue debentures in order to merge the two com- panies into one. If we could obtain from Parliament Trust powers under the Federal Loan Companies Act, we would be able to abtain the objective we seek, that is to on as a single company, a Com- pany, with power to issue deben- tures." He added that important econ- omies would be achieved which would benefit shareholders. The president said that deben- tures are by far the more popular instrument for invest- ment. They are issued in bearer| form, registered as to principal trust services and fiscal serv- CHURCH OF ONTARIO ices generally. Orange Tertele eed St., Oshawe "Many of these new trust companies, however, most 'of which have been incorporated under provincial charters, are fundamentally gatherers of savings, primarily interested in investing the funds they attract in mortgages and, at best, are rou da savings institutions," he said, SUNDAY, FEBRUARY 21st 2:30 P.M.--HEALING CIRCLE AND MESSAGES Heal Intercession Is Free 7:00 P.M----DIVINE SERVICE Lecturer-- MRS. PAT BARTLETT Message Bearer-- MR. TOM BARTLETT or fully registered. Guaranteed certificates are not permitted to be issued in bearer form and are not transferable. ' "Our most pressing need is to ask Parliament for trust powers and to endeavour to regulatory authorities get to- gether and work out uniform legislation and ground rules for all the trust companies operat- ing in Canada." Mr. Mackenzie also expressed concern in observing many new trust companies springing up in recent years. "Our concept of a trust com- have 'the provincial and federal/} ROSSLAND ROAD FREE METHODIST CHURCH 1042 Rossland Rd. W., East of Garrord PASTOR--MR. ROBERT BUCHANAN 10.00 A.M.--SUNDAY SCHOOL 11:00 A.M.--MORNING SERVICE "Give us this doy our daily breed" 7:00 P.M.--EVENING SERVICE First message from First Corinthians SUNDAY 6:00 P.M. -- F.M.Y. WEDNESDAY 8:00 P.M. -- Prayer and Bible Study Rte aasan 6:30 P.M--C.Y.C. Ages 6-14 pany," he said, "is an institu- tion primarily concerned with services such as acting as ex- Thompson Hits Welfare Plans CALGARY (CP) -- Social Credit Leader Robert Thompson warned Thursday that Canada's taxpayers of the future may not be able to bear the burden of vast welfare schemes such as the Canada -Pension Plan and the universal health care plan proposed by the Hall Commis- sion. Speaking to the biennia! con- ference of the Community Funds and Council of Canada, Mr. Thompson said that by 1975 if present trends continue, more than 50 per cent of Canada's tax dollar will be spent on wel- fare. COMPONENT PARTS Malaysia is composed of a federation of Malaya, Singa- pore, Sabah and Sarawak. FREE METHODIST CHURCH GRACE LUTHERAN PARK ROAD & HIGHWAY 40] Rev. Philip Fiess, Minister SUNDAY SERVICES | 9:45 A.M. | SUNDAY SCHOOL | 11:00 AM. DIVINE WORSHIP Erle St., off Simeoe 8, Minister; Rev. C, M. Bright (Next efter Bloor St.) Phone: 725-3872 10:00 A.M.--SUNDAY SCHOOL 11:00 A.M.--FAMILY WORSHIP SERVICE 7:00 P.M.--EVENING WORSHIP Tues. 7:30 P.M.--W.M.S. Wed. 6:30 P.M.--C.Y.C. 7:30 P.M.--Prayer Meeting and Official Board Fri. 8:00 P.M.--F.M.Y. A WARM WELCOME AWAITS YOU Unieo Penrecostat Gnurch 6 King Street East, Oshawa (upstairs) 723-6325 CHRIST MEMORIAL ; CHURCH (Anglican) Mary and Hillcroft Streets BAHA'I WORLD FAITH Teaches: "The source of all learning is the knowl- edge of God, exalted be His glory"' For information re: weekly meetings or literature Write Box AS Oshawa Times . REORGANIZED CHURCH OF JESUS CHRIST OF LATTER DAY SAINTS (World Heedquorters, Independence, Missouri) ORANGE TEMPLE SIMCOE & BRUCE, OSHAWA 10:00 A.M, -- CHURCH SCHOOL for Children and Adulte 11:00 A.M. MORNING WORSHIP Speaker: ELDER A, MANSON Theme: "KEEP GOD'S LAWS IN FAITH" ALL ARE INVITED PHONE. 728-9606 What's your ? idea of true religion? Unitarianism is a way of life, life: of vigorous thought, constructive activity, of generous service--not a religion of inherited creeds, revered saints, or holy books. Unitarianism is not an easy religion. It demands that people | think out their beliefs for themselves, and then live those | beliefs. The stress is placed upon | living this life nobly and effectively rather than on the Preparation for an after-existence. If you have given up "old time" religion, Unitarianism has the answer for you. 11:00 A.M. FEBRUARY 21st SPEAKER Rey. Robert Carter TORIC "IS THEOLOGY OF IMPORTANCE TO UNITARIANS?"" UNITARIAN FELLOWSHIP O.R.C. Building 100 Gibb St. (For information cell 723-2028) SERVICES 8:00 A.M. 11:00 A.M. 7:00 P.M. NURSERY CARE--11:00 A.M. CHURCH SCHOOLS 9:30 and 11:00 AM. WEDNESDAY -- 10:00 A.M. HOLY COMMUNION REVIVAL SERVICES FEBRUARY 14-28 at 8:00 P.M. Service every night except Monday EVANGELIST ahd MRS. B. DOYLE OF BEAUMONT, TEXAS : Special Music SUNDAY SERVICES A.M.--Sunday School A.M.--Morning Worship P.M.--Evangelistic Service WELCOME sf Hilt Hi ifs let an awakened natj tering its total spiritual re- sources ... seeking God's help eo. and seeking yours... Onpyright "968 Ketones Advertsing Bercies, oe. Straskarg, Ye. Proverbs 22:1-6 Monday Tuesday Wi Isaiah 2:14 ednesday Thursda: Ezekiel Mark . 11:19-22 =---11:15-17 sip + sin + Sp + Gp Published In Support Of The Churches By The Following - Business Establishments! VISSER'S BAKERY Fresh Bakery Treats Daily 141 Broek St, $., Whitby 668-3586 MeCULLOUGH LUMBER LTD, 1270 Simcoe North Oshewe -- 728-4688 : W. R. THOMPSON PLUMBING & HEATING LTD. Whitby -- 668-5833 DEMMER CONSTRUCTION (Custom-built homes) Oshewe -- 668-4362 GORDON OSBORNE REAL ESTATE 218 Dundes East Whitby -- 668-8826 ATTEND THE Read The Oshawa Times Church Announcements for Times of Service + SD? + GD + Gi + ip + Ci + i + Si + JAN'S GARAGE 40 Albert Street Oshawe -- 725-8371 GUSCOTT. PLUMBING & HEATING LTD. 207 Simece South Oshewe -- 725-5132 ALEX'S SUNOCO SERVICE 215 King W. 725-6621 Oshews -- Onterie MeLAUGHLIN COAL & SUPPLIES LTD. (fuel oll) 110 King W., Oshew CANADIAN WELDING GASES LTD, -- CANWELD Belleville - Kingston - Oshewe Peterborough ROY NICHOLS MOTORS LTD. WY. ©. TOWN G + Manor Pr FUNERAL CHAPEL LTD, Courtice & Bowmenville 728-6206 Whithy -- Onterie CHURCH OF YOUR CHOICE RUNDLE GARDEN CENTRE 1015 King St. fest Oshewe -- 725-655) RUSSELL BRYANT RADIATOR SHOP 900 Breck N. Whitby LORNE GOODMAN HEATING Oshewe -- 725-1044 A Report to the People « Chest Directorate Herold E. Pierson--President Richerd Feirthorne--Vice-President Edward Cline--Vice-President A- Graham Coulter--Vice-President James MeConsh--Treasurer Stewart R. Alger--Director Byron $. Edmondson--Director Sidney T. Hopkins--Director Frank N. MeCallum--Director Edwerd G. Storie--Director John J. Wilkinson--Director Thores L, Wilson--Director Robert Bronch--Executive Secretary @ ADVISORY BOARD Ven. Archdeacon H. D. Cleverdon Rt. Rev. Monsignor Poul Dwyer Robbi N. Kutziner Ed. Cline * BUDGET COMMITTEE Kenneth L. W. Smyth, C.A., Chairmen Ed. Cline John J. English, C.A Sidney T. Hopkins, C.A. Murrey P. Johnston James McCansh Harold E. Pierson Norman V. Roe H- Murnay Sparkes, C.A. 1964 CAMPAIGN COMMITTEE Richord Fairthorne--General Chairmen Wolter R. Branch--Vice-Chairmon Wiliern C; Paynter--Vice-Chairmon PUBLICITY COMMITTEE 'Gordon Garrison John Brady lon MeNeb Leslie Leith e SECTION CHAIRMEN Stewert R. Alger J. Bruce Annand Mrs. Anne Southern Mojor F. Lewis Hong Sete Ed. Cline T.. Harold Coppin A. Grahom Coulter J, Douglas Courtney George K. Drynan, Q.C. Byron $. Edmondson Dr. Charles M. Elliott Daniel Fleming Murray P.. Johnston Grant Coates Bert Mann Lloyd Metcalfe Frenk N. "MeCalium Jemes MeCensh Miss Vera Moyse Slade Nix Carl B, Olsen Joe Puskus Fred Roberts Bob Stroud James |. Vessey John J. Wilkinson Mrs, Amanda Murty ee Greater Oshawa Community Chest ROBT. BRANCH, Executive Secretary 1964 ACTIVITIES Greater Oshawa Community Chest The President's Message: Most of us like to know whet we ore get- ting for our money, Otherwise, 'why so much tire-kicking by prospective custom- ers in the outo-showroom? Or the furtive finger in « box of fruit in the super-market to see whot is beneath that luscious look- ing top layer? Does the same hold true when we donate money for charitable and other causes? 116 Canadian cities campaigned for funds during 1964, Chances are most of us limit our awareness of this lorgest of all annul campaigns to the pledge card placed in our hand by a volunteer canvosser - two minutes to look at it; twenty seconds to sign it. Maybe another moment to ponder just whet effect that donation will have on raising the goal and, even more important, if it will do anybody any good. } The federated campaign in our city I$ NOT part of -a national campaign, The first Community Chest started in Conada ~in 1917 in Montreal. Many have followed. All organized by local citizens who look- ed for a sensible answer to the multi- plicity of separate campaigns. All united campaigns are strictly local, autonomous citizen organizations. They have their policy making boards elected from the public; determine their own campaign goals and how the money can best be distributed and, of course, conduct the an- nuol campaign, In the 1950's more and more communities, and some rural areas, created united ap- peals. In 1955 there were 65 such or- ganizations and since then 51 more have been formed, In thot year $15.9 million was raised'on behalf of 1,020 organiza- tions and last year's campaign raised al- most $35% million for 2,000 services, The combined goals this coming fall, win- ter and spring will likely exceed $36 mil- lion. Today's united campaigns are supported by some 10 million. people. While united eppeals were largely started in cities, a growing number of rural communities have been following the example, Prince Ed- ward Islanders 'established an Island-wide appeal system and held its first success- ful campaign last fall. How are donations used and by what kind of organization? All organizations are "voluntary", and ore most easily classified by type of service: @ HEALTH (Mento! Health Assn., V.O.N., C.N.1.B., Arthritis and Rheumatism Society, sometimes local hospitals, etc.) @ WELFARE (Children's Aid Societies, Family Welfare Services, Day Nurseries, = Army, John Howard Society, etc. CHARACTER DEVELOPMENT (Y.M. - Y.W.C.A.'s,. Boy Scouts, Boy's Clubs, Navy League, Girl Guides, etc.) Spread across all three catagories, in serve ice terms, is the Red Cross which before 1955 participated in only 11 community chests, but today receives a substantial @thore 'of its $6 million budget through re than 60 united campoigns. Not oll of the commonly recognized agencies are found in alj united com- paigns. For example, out of 70 appeals recently surveyed, 53 supported the V.O.N.; 62 the C.N.I.B.; 37 the Arthri- tis & Rheumatism Society; 51 the Boy Scouts; 31 the Salvation Army; ond 39 the Y.M.C.A, Each of. these services may not be organized in each of the 70 cities exomined. United Campeoign goals ere only @ portion of the money the agencies need each year. It's that portion over and above whet. the ment Interest, special gifts end, for cer- tain kinds of service, city-provincial-fed- eral tax grants, An example ts the "family- children services" which, lumped toaether, last year recelved 39 per cent of thelr total dollar needs from the united com- polan funds. Certein voluntary organi. zations may receive 80-100 per cent of their budgets from contributions, while others may require only 10-30 per cent from united funds. Volunteer leaders have for years been con- fronted with the task of interpreting how the money Is \used by the participating organizations ond one of the stumbling blocks te occurate interpretation has been the depression-born belief thet "commun- ity chest' is mostly synonymous with "'chdr- ity" or "welfare handouts". Todoy's urban livina. demands, however, the existence of » health ond recreation services In addition to the more troditional welfare promrams. For Instance, 21 sample cities in Canada svend 38 per cent of united campaign dol- lors for social welfare-type organization. 29 per cent for health services and 30 per cent for recreation services. This dis- tribution Is exclusive of Red Cross whose services cut across all three catagories. It is not unusual to find some voluntary agencies spending more money on "'Sola- ries' than on anything else. For the V.O.N. it's the nurses; for a family service agency, the trained caseworkers; for a day nur- sery the supervisor and helpers; for a men- tal health clinic, the psychiotrist and psychiatric case worker. Here are some conclusions: @ United appeals ere strictly In the hands of each community. More of each donated doller goes to work for the various agencies, less of each dollar for fund-raising costs. $ When organizations join the united campoign, the time of their paid staff can be focused on the dey- to-dey services, not interrupted -- sometimes for months--to orgonize @n annual campaign. If @ community so chooses (the ultimate decision is In the hands of the contributors), all of its basie voluntary services for health, wel- fare and character development con be supported the united way, United giving is the expression of our free society seeking the most -- way te do @ necessary As President of the Greater Oshowa Com- munity Chest, it is my privilege and plea- sure to thank you for your wonderful sup- port of the Chest in it's recent eampaign for funds, The 20 Organizations which form Osh- awa's Appeal can now go into 1965 en- couraged by the knowledge that they have the patronage of this community. To you, the volunteer canvasser end the many hundreds of people who took part In this effort, no matter how small or seemingly insignificant, go my sincere thanks. HAROLD E. PIERSON, President BALANCE SHEET As at December 31, 1964 (With Comparative Figures as at December 31, 1963) ASSEIS Current Assets Pledges receivable--1963/64 campaign --1964/65 campaign Accrued interest receivable Guaranty Trust--deposit receipts Long-Term Assets Trust investment certificates--due November 30, 1965 1964 1963 $ 1,024 29,399 663 95,063 1,169 155,000 304,897 282,318 35,000 $339,897 35,000 $317,318 LIABILITIES AND SURPLUS Liabilities Pledges poyable to agencies ........... PYEy Co era he - 260,900 -- Surplus Balance January 1, 1964 ... Deduct: Adjustment of previous year's agency allocations--net Add: Excess of revenue over expenditure Oshewe, Onterie February, 4, 1968. 0 ee Che cewnses o 470 asd B $ 90 237,500 260,900 237,590 79,728 5,500 74,228 69,708 + 4,625 74,333 5,395 79,728 $317,318 Monteith; Riehl, ators Ee Chartered Accountan 78,997 $339,897 , * H. E. PIERSON, President