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Page 8 THE HERALD Wednesday April 26 1H9 Chamber supports industrial growth Firms line up to take over By DOUG PENRICE Herald Special The Town of Halton Hills is Anal ly beginning to grow after almost 20 years of no growth New residents will be able to find hornet in both Georgetown and Acton these homes will house many new people to our community and will allow existing residents the op portunity of owning a new bouse The Hills Chamberi sup ports this new growth it will mean more new businesses to town and existing businesses will expand to service the new residents Of special interest in both Acton and Georgetown is the areas designated for new industrial growth Industrial growth not only pro vides jobs for local residents also generates taxes for tht municipalities relieving the home owners of Increased taxes In the past municipalities strived to have a base of assessment of Bo per cent residential and per cent in dustrialcommercial The Town of Hills has approximately 75 per cent residential and 25 per cent industrialcommercial This split means that homeowners pay a higher rate of taxes than other municipalities of similar size To give an example of how in dustry should be welcomed and en couraged to settle here is a recent proposal to establish a factory just north of the 401 and east of Hwy 25 The Town of Halton Hills has designated this land as rural in dustrial or dry industrial which really means that the land will not be serviced by either water or sewage The developers would be required tohave their own well and septic system The property is acres and a large building measuring 315361 square feet be built The com pany will manufacture and distribute plumbing supplies and when fully operational employ What does this mean to the com munity This company will pro vide people with jobs at the plant and many more will bt created to serve a company thb big Service people tradesmen ac countants consultants and many more will provide goods and ser vices to the plant The work force will buy nouses cars clothes and much more from local merchants everyone wins A big winner is the taxpayers of Hills a complex of this size will generate in property taxes equivalent to over 120 homes in the urban area Just think of the services required by those homeowners water sewage gar bage collection street lightning recreational facilities libraries and social services to name a few Now compare mis to the proposed factory they will not receive water sewage garbage collection or street lightning to name a few The cost to the town of providing services to this property is substantially reduced as compared to a residential development This one example snows that in order for the Town of Halton to be able to provide and expand services in the town we need a mix of both residential and industrial developments The Halton Hills Chamber of Commerce is committed to serving both the businesses and the residents of Halton Hills For fur ther information about the Chamber call Your Business Diane Maley Htm Strvlct Chamber to hold hiring seminar The Halton Hills Chamber of Commerce in conjunction with the Federal Business Develop ment Bank is pleased to be offer ing a oneday seminar on Hiring And Recruiting Personnel This oneday seminar commen cing at a m at the North Halton Golf Club is an excellent op portunity for you and your com pany to improve hiring skills The Mil cost of the seminar is and in cludes lunch This important seminar will be held May 10 at the North Halton Golf and Country Club located at Maple Avenue The cost in cludes lunch and all course materials Dont delay as seating is limited to 25 participants Please call the Chamber at 8777119 for more information Do we want competition so badly that were willing to let a foreign company run one of our airlines My how things have changed At stake is who wilLend up with Inc Canadas No 3 airline Lining up at the gate are that homegrown giant Canadian Airlines International formerly Canadian Pacific No 2 in Canada and a profitable con tender from south of the border American Airlines American says it plans to make a firm bid later this month To overcome the stigma of its American would limit itself to a minority position in letting a group of relatively passive Canadian investors buy threequarters of the companys shares Calvin Goldman the federal governments competition wat chdog has been pressing Max Ward to beat the bushes for another buyer If falls to Canadian Airlines the airline market will be less competitive Mr Goldman believes Hes right But is a public com pany its shares trade on the stock exchange Mr Wards job is to find the best price for his companys shares all other things being equal If other things are not equal Mr Ward will have to assess which buyer will best ensure the future health of the company HAPPENED BEFORE The last time a foreign airline tried to set up shop in Canada it was smacked down by the National Transportation Agency The agen cy said that although Air UK Ltd owned only a quarter of the shares of Air 2000 Airlines of Toronto in practice it would run the show Looking at the group lining up behind American Airlines the same argument could be made Backing the airline are Atlantis Corp of St Johns which helped Air Canada start a commuter ser vice in Eastern Canada in 1966 SMeldings a Toronto mer chant bank and Manage ment Ltd a Toronto pension fund manager Given that the other players are investment companies by nature one could argue that American would be in charge The group says it will structure its offer to get around this problem The danger is that the govern ment will get Involved In the bid ding process somehow If the result is a higher bid Mr Goldmans attentions will have been a help If Mr Goldman is more concerned about competition than anything else it could be a problem BIDDING LIKELY Both Canadian Airlines and American Airlines would like to get their hands on Wardair For Canadian the purchase of Wardair would eliminate a tough com- petitor For American Wardair OFFICE 8772300 FOR ALL YOUR OFFICE A STATIONERY NEEDS St Georgetown STEVEN C FOSTER BALLB BARRISTER SOLICITOR 37 MAIN ST SOUTH GEORGETOWN ONT L7G3G2 4168734961 fax 4168734962 Were Winding Down For9 Day April We lime a Selection BUIBK CADILLAC QUEEN ST BRAMPTON 450126 would give it a much bigger foothold in the Canadian market Besides American dislikes Cana dian immensely The airlines have been fighting over a computerized reservation system that American charges would shut it out of the domestic reservation business The system is a joint venture bet ween Canadian and Air Canada The people at American know how to run an airline The parent company AMR Corp of Texas had its best year in 1968 Profit leaped by per cent to more than million If the American bid comes through shareholders could farewell But what about the Canadian people Who would we rather see running Wardair I tend to agree CalvinGoldman To line up on the side of American Airlines la to welcome a new competitor One only has to think back to how it was before Max Wan came on the scene The prospect of Air Canada and Cana dian Airlines controlling the whole Canadian market is not pleasant 8770109 Simon Eraser I CHARTERED ACCOUNTANT Phone 416 8770109 Main Street South J Georgetown Ontario a APRIL 2329 Surprise her with a Gift that shows she rises above the rest ORDER NOW FREE Georgetown BALLTNSThe Height Any Occasion 90 Main Street South Telephone Georgetown Ontario L7G 4t6 8732334 i I I MUM INVENTORY SALE selected maws