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council reports assessment deficit recreation disposal plant years problems made however the reassessing program ha levelled off with very uhfying resulls wc havt a lolol initial asscvtmenl 7 0la 405 and a very much improved assessment ratio of 13 8 risi deniidl to 46 2h eomnnmeal in dutlrlal with a tummcnul and industrial mill rale of 61 7s mills and a residential rate uf sb s mills a lotal of 1421 17567 has been kvicd under 1962 general taxes in the abicncc of mayor john and many dire prediction gpy the chairman of the admin walton committee depulyrecvc william denny read the foil ing reports for count 1 1 mr chuirman ladies and gentlemen the duty of reporting to the people has for the past wviru yean as you well know bun performed by the tneumbeni mayor this procedure has been followed to condense the rcnork and to ovoid duplications in the absence of mayor goy tonight ihli duty has fallen upon mv anoulders as chairman of the administration committee i have no intention of delving into a mass or detail and will present a resume only of the highlight in a very busy and productive vcur i would ask that questions from the floor be held for presentation later to the iippruaciaur eummii tec chairmen surprising year 1962 has been a verv surprising year it has resolved several ma or issues has introduced many important changes tml en lain ly will have a much hrightci uul more natiiifmg ending than beginning at the be gummy ot the vcar wc wire half wav through reassessment pnigiarn and found ourselves without in asscsnur this dilemma toiiseel a definite ait of apprehension a report of asstssmtnts nuiui bv tlit dipirlmtnl ol knnunim and dtvelupmeni lixm liyc com mumlies in the eneral dish hi of alton re a delimte mduslnal proposal total taxes atlon 02484 u tmiimii rutv jod2ft t niiimuntlv 70 027 d community j6s hn h community 179 401 these figures pi m ailini in a very eompetilive position in ihi regional industrial inline certain additions and improve mints not snklv iltnbutid lo eighty eighth year no 23 wht frrtvn jfrtt ffitss acton ontario thursday november 29th 1962 sacond section full years reports but few questions at quiet thursday nomination meeting at the quiet and short nomina tion meeting thursday in ihe rdbcrt littk luditurium 33 names were posted for positions of mavor rtut deputy reeve and seats on lounul school board and hi returned ft another two ted tyler sr year term on hydro conunls- five namea are on the list of slon an gordon bcatly and i candidates to contest three postthmu on the public school persisted mr mcdonald at the btwd douglas manning roy shih mm im stnct churchill goodwin lou bonnette syu- koad is replied mr duhv he ney k lamb and john last adetcd there would be a program at the begttinmg of the iihit uul kedwhat spoeilkallj were mi donald nd seats on eouneil sthool boardj ing at 7w names ot undid hi s he lomplaints mr midonal nd hvdru itmmissiofi before f rry rr i 4 a i ah kaniak iiuminmd were thee kid h juk i i md i lied on tw x manager itxrv isse ilwill be appointed inlettltons sevteal had been in mated tor nwie than one posi proposed undulates who luiallv qualilied at the lown im helore nine o tines fndav i the tulleming is the report tail itfleeting nutnbered 18 thtse 18 arc run from the aettin hvdiu commis er as a pcreentagi als on tuesday decision read by thatrinan cordon sales 1tst war this biatly 7u8 this year b98t we ate pleased to report that late in the year ve will torn your hydro opetaliuns tor 2 pku a modinujuitioii ol oui no haii shown a signilleanl lilipmvo- i substation whieh mill raise us nienl in opeiatiitg piutit both in i ipanlv iiotti 1500 kva tu 2800 i i skim post hlaekboards hollowing i ihe riv a 7 qutkh hs p anticipated deficit the auditor- interim repent as of october 3 1st shows an i count 1 1 iilio uc lertairilv anlietpatcd deficit of js942 95 on worthy otnii lytton a total nearly budget of s36 167 the community plivsuitns 79 this deficit is made up im seivnes piogiam iiisiilultd this ttrelv of the 600000 pitrehuse sear provides gieatti stiiiniv for priit of w aires of additional i the maioiily ot im il iisuliiils ji eemeterv lands whuh was not m a minimum tost eluded in the budget with anti the opt rung ol the runl ctpalcd water and sewn dt liquoi outlet has lone te i n luits imludtd in this pie tun i mailed and will suulv tuid to the net result pruvides a vuv rii tin more business within tin titditabli showing loi a veai in lommunity whith union sein sewage mam the lompklion ol the new tenume costs are exile me iv high t ftdeial bulletin will pirn idt 100 loot walirmain was hellu post il and mstums t i i intber 4 two or mayor contesting the position of mayor will be george v bar beau and ldwln mcdonald jack margrave and ii h hln- ton will contest the position of reeve incumbent william h denny returns to office of deputy reeve by acclamatlui the nine men who arc tos sing their hats in the ring for the six positions nf council arc les duhy hamilton peal j deri wood afec johnson ar thur held eric johnston al bert irwin hugh lowe and bob drlnkwalter niii la hit ihsinhiilion ol ovei himil iosis uul eonsiderablv sli engine ns the lot a i dtparl mnit tht ms i ilia i ion ol a counts widi mulnal an radio alarm ligure was lmuilltu taiu cis dunny tin hi whieh w is ovei si 10 p m full upon 1 tin n inn- on hi in ihi plilfoini emiiiiaiious t 8 w it mktnk wis ii ihiurii in im ilk le meelllit he hi atlel spt ik llh eumtnis boa id lool i- jiiiblislleel k- sis women hulilh omi m pie women inen vole i until ii absen i john o uuniionetl rv ktts ik eli l i ihipilll vighiln i ilk ii re a- our msialltd to aeeoinmodale in pandlng loeal industry and while the overall industrial cxpiniion his not been speetaeular it his been sttatlv and all indnaiions ate lor eontinued industrial gnw 19ftl an mil llleti ormei dlu hit surround ilie inlt i linnii hint hjii llllld 111vo it ik the re told il the at tun i he depart mini is in imnhli one hid will niliinu be etihaiited by these added t minus ii 1 1 t is loiiliol w is anolhet n knotty problem it ihe biin ing ot the ye u hi tin pro ision ol i id u iquipiiunl ihe 1ikii pol in dip ii i rile n i h is been given tin liw mil dollars and as a peieentage ol kva this sub has been running sales the downwards piolil at slightly oei eiipaelty and this p titiid yshith began vsith tht rait ehaiige will proyide suffitienl in f rediittion tn late i9s8 as a rvsull eit isid eapanlv in this portion ul ihe inlrodutiion ol the tour ot the svmcm lor some year lo o blink late stilitture is being it toiiit hlj ynsid tills veai other eapllal expenditures on j to the trend may be sein in the i hi syslem have been light this jn t repu- pioru as a hi cent ol iimss uji and without maor inenase 1 urlll mi tin miltui loi ihi lasl snen tais in eotisuinplion vs il i probably ix year iiiaiu light this should glye us i9v i9s7 i9s8 i9s9 i960 191 an op lo tmproh eui 12 10 rnos woikshop and stuiage latililies per cent profit uul sirtous tonsideiatmn will be 129 14 133 105 89 83 gmu to this program next year propose change used operating surplus llu commission has dnuk el i upm in as you know a leasunable pny in pniieipli lo revise the oigini htit wis i emisi ml i ill is essential to linatiee eon ahonal slixieluie ot the com and goui ot sinukis i tinned eapilal expenditure heees i mission this revision will nsul souk mivid i iu saiv lot ihe inamtenaiitt expan in the appoiiitmenl ol a com lili ilui m rum itnn slon ami impiovemeiit ol tht mission manager who will he re u uimi io in o ilu m ii system lot the last tew years wi sponsible lot both tht line sitle as pi hive been able to handle all well is the idminisli ilive suit ol i ipilil expeiuhlures tiom opeiat the business this will put tin hour ask ouestion hil suipius and il possible we voiiiplili iispunsibiliiy toi tin inleiid lo l on 1 nun this polity u d iv to el iv opuatioii ot ihe corn pieveiil in irititase in mil dt mission in ihe hands ol oik mo huiliiu dihl and will probably lesull in tin llle impiovirilelll ill tilll pio elmillialleill ol lilt piesenl posl 111 sihialinn is a lesnll ol sieuil hon ot suptiinlentknl uul se unhk il 111 ihitsi uul id i ii1ivoi ii aid briefly he lound ihe asph dt topping sat isfatlois ind loimer mayor ted ivk sr iim il the haek of ihe hall iml detlaud i think its tin in si sine i in town or 1 woiildn l he living hit re rotniii mayor uul eouneillor ben raihlm e nquired wlnt type ol i ixes h id been win ten eff dm hi lilt ptvl velr ml me n i tin i pl mud laxes were 1 wiitiiii ill on businesses which h let 1 isid to opt i ill ind dut vo ii iiuv ot pnintriv need new disposal plant hill diimarsh asked wtiv there hid bun so mtith inuihle at the sew i disposil plmt st we i wild w he i ih hi man j ik it wood said 1 it nor moo ot ihe nut find let w iter in bin how mid why it dieiekel lo tlip nobody tan an net r mr dumiish entmred if the town might havt to eonsutei a ruw dipoyil pi nil sihin md was lol i hv mi aid lb il th pi int is not per iling il pnsent no ir us 2s0uw gillon eipeltv txept 1 serf on linn s lor a implt hi spun mr wd i bought an iliiliin in rh next li i 10 y us should l lorisrdertd mi kiihlin slald when lit w is in nor ilu disposil phnl was ol hi 1 umuin to him ii said ik pin ws apnea lo mo lb m 1 1 lail ik im i nil dustntl sidelight is mntaimd in lire are new tire agreement the stninji b onnil ol w thru ye lire ymii nil ihe tiivvnslnis ol ilu ail i milting ill ill us eel i rind t whiji il ilu impiovtintni has ititd tht expense illlkll what are the facts behind the at here 15 a concise summary in laymans language ol how the b of m stood at the yearend on october 31st 1962 what we have cash the b m h ih in it vult and money on itrrniut nh llw bank ot fl cansdii and ithei tmnki amehuiiinj la 4 j n nf j4 cheques atiet othei itran in transit rtwcsniina he nci jnmunl vt the nionr nmvins hclccn honho of ihe bank ihi a into the b of 1 mm oihrr hanki tw jt investments the of m maintains a uitmg tiguid ihnaomi ihioush invrstmenix ill huh tiikgiemintri bmdhkh hair a nt nuiket 1 i n ihr hank hunks st 1 urw najtm- hey anhhin lei the b of m hut mhei invnlnventi in yluilins j eliiriuhrd lul hih ualav ilu vi tenn luurs ihne im raintenik aie canwd at calt loans the b m w cll uwna whuh air ull riiisieij bt iiukvis wlc bhi eutim ricv loan anxuni 10 quickly availablt htbouhcts ilvr that ihe hani ov li the isink htm fo j mmio tmaqim had sigui ehmgi ins hten lonsitkrtd vn ik ml iiuitast 111 iks mil at hit senouslv itom ilu point ol nw sunt unit our optiiling ovu ol etteet on existing unplovus head has been ledmed slighllv imliun tlloil will hi in uk lo opuiliiig ov 11 he id is a ptiienl insuu ill it llien inkrislsaii pio age ot sales ins been redueed tilled as inmli possible 111 im lo lflh as lompaied ihe t orniiiission helnves dial wilh 210 in 1961 this thiiiye will result in tiealu 2 willi iinpiuved sales our ovtiall emiiieiii ind illou a doll 11 leliun ki kilowatt ol ik limit i appioaell lo the maud ligun has improved this i sale ol power stone school agreement postpones big expense hid w is old 1 uhii 111 1 lyped ti p ms one il ihe 111 mi millm hid been 1 i mi utii itu llllet ii 1 iniild up 1 1 1 pmpli m don ill i- ie iiilin ti in ink j 1 iv nl ihi i deleiiora ml it ihi engine ikut to task be ll id not lasted us before major k 1 ii ihu uld 1 he lollow ing is tin re port hiol 10111 ilu puhlu si lux i uoaid disease itsenitd bv thaiiman loin ai we hav mi iain 1 i h ivi ninth pi isuie m pti w is ip ulliiij pr yress repom ot tht pur post 1 pubhs sjiools duiinn i2 we i ur vlissrooiii uiniliiunl s ihiuie due lo the dulth i im huh had limshed him idopleet an innitil pi- pliiilinii litis jihih mi vli ml street mowbri hie only pliee roid ilinim ll lol ilu dot zi hs pm iskul why his old i ippi i t ii h only hirs rllpped opt 1 uion tht wii i h inipd usmn more is il ihe liqiust ol uiit niti il ntinn 1 ii nt inrni ihlv he- i ids ot lh same is oiks tri in over 1 ho country in only one whkh iiinirkid a ii mikrnlr aik mrei t sign rends han the nl win hi lie ikn spu this w is the orded in the s remaining ed this ilus btin inipio 111 sipttmlhi veil md this viai hv iihilkntti robtil i ink tiom pnntipals w mikmu vpiuii md i smith iteipltd hy tin bui boaid ihe sihhl libiirus will m link ihelllklledhv puithims nt snmi lh ml ih ipprovtd libt hv books m idi sltulelll sehool work within budget parkettes arena cement floor boards unfinished business 1 he i 111 bi ll idi hoi md what we owe deposits while nunv husi other liabiunes mvhi v the rjnk im helult 1 orcisn anj ilimieith iived hi ixielleiil ii p m ills isjxl l ml k 1 v tn ikw si ill numbers inn reach agreement ko pirlihliu hippy 1 iv 1 ilu 1 n pohl sl sh g w me kenit ihe 1nks hood j iv rii upoi t ilur iii ilu id mkir in inor 1 tn me iv tin lis 1 i pid ill he lp t s lint 1 ii urn ill arls v iublii w s jr 1 txxmii in bo lr t total of what the b ol m owes 1tb oeposi tors and others to pay all it owes the 8 of m has total resources as shown on the lft sloe of thib statement amounting to which meanb that the b ol m hab re soubces over and above what it owes amountino to 1 divin 1 it 1 vpt nditiv ttim mm id ililitfnm v i m guest minister loan ixmni the tfollar hw nnn h duulkal ethrintfs i kind u limr nunt mittintw m ii huainca nd in mm m all valki 4 llle nd rlr and iuil autenunawi theia kvan motgatlsd l tkt national iuh ihhihsi mauied unjet j un i n vi nh tt j hmiiebuiueis v sf bank buildings la himlet itle www ami utft in lum vsui to cesul ike a ol m wrsea m iwtomeri m wo oavcs the lalwc ot the btuumft irabest by the bank toajrthef n fuuutt awl ailmxsmra a ihob oa m nmli al other assets tbm k fcaulnb ot cntewn ho made kt he bank on ihew behatt cover ftog k hxvnjn ndj ttoanemic trade tiimilnw sjj total resources which the b ot m has to meet its obligations lhis fiuairr et ji i i m v unuk up ot iikmiiv si b krihed bv ttv sharthikkrs jrivl 10 sonu iiinl ol earnings whuh hjn irwii imiv lo tnik bom pktikm bask into the heisinsss to bnuikn the bank mvno and to js adsksj pilhextlvhl tvh the jepisiuls bank of montreal working with canadians in every walk of life since 1817 les duby nsrfctfuur soeian too surrotr rot rowth ram acton cooncil c 4 im2 tim acad lrla tar hmm 23 years a citizen of acton mvl rihoi n 1 r ss 1 rev p b penny rr p b prnnv former pasiuf 1 mjplr av-e-nik- baptist ehunh insttk fv s mmimity n rbi linen sj pkst sprjik 1 lst simitiv 1 ihe hvangrl rjpmt hurvh thr avion mtn- r muk isin uj- s 1 1- hclp pav 1 ft 1 m itii s- 1 s hjn pidr with ihe gucl itm tnd a m wm 1 vsiwi tbi bvr n vp k 1 t but i m pt tv ndlklit hnth pmn il bv nut s 1 and a sprmk ing svsicm irrstal n criiinp end evening scntier at hr lmca