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8 The Canadian Statesman, Bowmanville, January 29, 1975 Section Two PUBLIC AUCT ION SALE 0F USED CARS, TRUCKS, TRACTORS adMISCELLANEOUS TO BE HELD 1000 A.M. THURSDAY, F EBRUAR-Y 6TH, 1975 AT TH E MINISTRY 0F TRANSPORTATION AND COMMUNICATIONS YARD 138 HOPE STREET, PORT HOPE, ONTARIO 15-1970 to 1972 Automobiles - 4 door sedans, 8 cyl., auto., some with P-B and-or P -S 1-1972 Chevrolet, & 1-1972 'Ambassador Station Wagon - 8 cyl., auto., P-B &P-S 1-1970 1-1970 1-1968 1-1969 2-1969 Ponti ac Station Wagon - 8cyI., auto., P-B &P-S Fargo 1/2 Ton Express-6 cyl. & 1-1969 G.M.C. 1/2 Ton Express - 6 cyl. Ford 9 Passenger Club Wagon - 8 cyl., auto. & 1-1970 Ford 3/ Ton Express w-5 man cab - 8 cyl. 2,1971 International 3/ Ton Express w-5 man cab - 8 cyl. (one is'equipped W-4 wheel drive) 1-1970 G.M.C. 1/2 Ton Suburban Wagon - 8 cyI. 1-1969 G.M.C. 1 Ton Express - 8 cyl. (engine requires repairs) 1-1970 Ford 18 Passenger Bus. - 8 cyl. 1-1970 Fargo 1V/2 Ton w-stake Body& crew cab compartment - 8 cyl. 1-1967 Fargo 3 Ton w-stake Body& crew cab winch - 8 cyl. 1-1965 & 1-1966 International 5 Ton w-dump box & hoist - 8 cyl. 1-1964 International 5 Ton w-dump box hoist & hydraulic plow attachments - 6 cyl. 1-1965 Massey-Ferguson Tractor-Model MF202 w-bucket, blade &canopy 3-1962 Minneapolis-Moline tractors - Model 400 w-5' sickle bar moWers 1-1957 Michigan Loader - Model 75GB - 2 wheel drive - 6 cyl. 1-1959 Allis-Chalmers GracIer- Model D w-berm leveller (Final Drive requires repairs) 1-1969 GýM.C. 1/ Ton w-utility body - 8 cyl. (non-operative - engine requires overhaul) 1-1964 White 5 Ton w-dump box & hoist - 6 cyl., (non-operative - engille requires overhaul) 1-1970 Ski-Doo Olympic Snowmobile- 1 cyl. 1-96 Brunner Combination Generator-Compressor V96 - gas powereci -portable (air tank requires replacing) m-959 Mott Hammer Knife Mower - 21" 2- Sullivan Jackhammers -7/" chuck 2-1973 Dolmar Chain Saw - 241, 2-1958 Mid State Ofice Trailges -81 x 16" - single axie w-heate,-s 5-1961 Motorola 25 watt mobile radio yard stations - VHF-FM 3- Tap &Die Sets - var'iaUs sizes 3- Sundstrand Adding Machines (1-electric; 2-manual) 4- 3 Passenger dump box crew compariments 2- Snow Wings 4- One Way Plows 4- King Seagrave HydraujIic Sandspreaders - 5 cu. yd. , Iess engines TERMS AND CONDITIONS -- Each item wiiI be sold without warranty on an "As is - Where Is" basis. At no time shaîl any dlaim be allowed against the Ministry with respect ta any material or equipment. Vehicles wil be soîd without licence plates. In order ta obtain plates the buyer must have the prescribed inspection carried out by a licenced Motor Vehicle Inspection Station and a Safety Standards Certificate issued. Vehicles cannai be removed from' Ministry property until paid for in full and then onîy under the foîîowing conditions: (a) with a Dealer's Transit Licence Plate (b) with an Out-of-Province Licence Plaie (c) using praper towing or car transporter, The Minstry wHi not be respansible for any damage or accideItnt involvinig a vehicle following the acceptance of the vehicle by the new owner or his agent. The successýful bidder wiII be required ta Iaad and-or traïnsport bis purchase at his awn expense. Amocunt cf $100.00 or Iess, being the full bid price must be paîd at the timre of sale. A depositof $100.00 on each item isold over $100,00 must be paid at time of sale. This deposit wili be heîd by the Ministry as security for the due performance of the contract of thie sale and as part paymenit of the purchase price. Failure ta comply wiII resuît in the item being re-auctioned. NOTE, Buyers may, before the start of the sale, diepasit with the cashier an amount equal ta or greater than the amount that is deemed sufficient ta caver deposits or full payments. Each successful bidder will be required to pay to the Ministry the bid price, plus 12 per cent Federal Sales Tax and 7 per cent Ontario Retail Sales Tax, where applicable. The Ontario Retail Sales Tax will be based on the total of the bld price and the Federal Sales Tax. Within five (S) workiqg days afier the date of the sale, the successful bidder must pay in full the balance, owing for his purchase and remfove it,%irom Ministry property. Failure ta complete payment withing the f ive working days, the depasit wiII be forfeited and the item heldfor resale. Ail cheques, money orders, or bank drafts must be macde payable ta the "Treasurer of Onario". AIl cheques must be certified. Items may be inspected at the above location from 9:00 A.M. to 4:00 P.M. on February 3rd, 4th, th and Thursday, February 6th, 1975 until time of sale. Further information may be obtained from: Mr. C. E. Abrams, . Material Contrc District Supply Supervisor, Downsview, 0 Port Hope, Ontario Telephone: 885-6381 Area Code: 416 do Office, Ontario Telepha-ne: 248-3725 Area Code: 416 Minitryof Tra.nsportatiÎon and Ontario Comm -u uictio n s Celebrates Firs t Birthdaly Miss Karrie Ann Forrester daughter of Mr. and MrS. David Forrester, Orono, celebrated her first birthday on Saturday, January 18th, 1975. Proud grandparents are Mr. and Mrs. John Forrester, Orono and Mr. and Mrs. R. Hanna, Bancroft. Great grandmother is Mrs. Ione Forrester of R.R. 2, Newcastle. Bank Head urges in creased Supply 0f Goods, Service World-wide inflation should be remedied through increas- ing the supply of goods and services rather than restrict- ive monetary policies, Chair- man Allen Lambert of the Toronto Dominion Bank, said recently. "We have as much to fear from the accidental combin- ation of many nations, each exercismng a policy of severe monetary restraint in an attempt to cure inflation, as we do from the dîsease of inflation itself ", h le told the bank's annual meeting of shareholders. "Monetary policy should be conducted to permit new production facilities, new food supplies and. new technology to resume growth paths which will brin g world supplies into better relationship with world demand," hie added. A grow- ing share of real resources must be transferred to the building of new capital facilit- ies,ý while governments will have to restrict the rate of growth of consumptîon-induc- ing expenditures. Canada has a special obliga- tion to the world in two specific areas, Mr. Lambert said, energy and agriculture. .On the question of export of energy resources, he, said Canada should continue to export surplus energy sup- plies but even with the development of large new reserves, it remains in doubt whether Canada can go much beyond providing for its own needs. Until the hoped for reserves are developed, "it is esssential that exports be limited so as to ensure our self -sufficiency. Indeed, it may well be necessary to accelerate the development and marketahil- ity of both frontier and tarsands sources of oil and gas to avoid a fuel crisis in this country in the early 1980's." International co-operation is the main hope of resolving the world's food problems, Mr. Lambert said. Canada and other food-surplus countries must provide food or credits for food next year to thoseÏ nations most seriously affect-i ed by deficits and food shortages.î For the longer term, lieï suggested a food banking i programi to stabilize priees att a high level to encourageî grain production, as well as1 more irnvestment capital- for1 developing nations." "The days of chea1 cereals, just as tZ ei 2days oi cheap energy, are i over," lie said.r Mr. Lambert, referring tot "Iwhat I believe is an impend-r ing ,cisis in housing," pre-É dicted renewed upwvard pres- , sures on rents and housingg prices. "If monetary and fiscal policy are not soon bent to the i task of reversing the down- ward trend in housing starts,r we face the real possibility of t shelter costpressures replac-s ing expected easing in foodI price pressures next year, f with the resultant possibilityc that living costs will continue to accelerate as rapidly asL they bave this year.-"t World-wide inflation prob-t lems cannot be resolved, how-1 ever, unless significant pro-1 gress can be made towardsE resolving- the massive dis- equïilibrium'in the internahton-1 al payments system 'largelyr induced by the substantial r boost in oil prices last year. An1 estimated ý,50 billion, rising to t $100 billion, will be transferr- t ed from oil-importing count-e ries to the oil-exporting count- 1 ries. The problem is to ensure 1 that these oil-receipts, theE petro-dollars, are placed ats the disposal of those oil-im î porting countries encounter- ing the greatest balance ofv payments difficulties.c "What does seemn clear isr that governments will have toa begin, to assume the major 9 responsibility of developing 1 financial and other, alterna- fi tives for rectifying the inter- national payments imbal-a ances,' lhe said.n An imp ortant starting point 9 would b e to establish an v on-going dialogurç hetween the Y 1nlajQr oil exporting and im- portîng countries. There should also be a better distribution of payments im- balances among the oil im- porting. countries, through expansion of international lending agencies. Developments in interna- tional banking. including new responsibilities in financing balance of payments deficits and more volatile movements in foreign currencies, have had a significant impact. While some government par- ,ticipation in international moneymarketsis welcome, it "must go hand-in-hand with bank self-discipline, because no amount of external rules or regulations can substitute for sound banking _practices. In- ternational banking, because of its experierice over the past year, is now on a much sounder basis than at any time in the recent past."1 Mr. Lambert warned of continuing slow growth and only a slight improvement in the rate of inflationi for Canadians. "While Canadians can der- ive somn0e"cm fort frcom the fact that Caniada's econoicï performance has ranked a- mongst the best in the industrialized world, it must be realized'that our growth wîll be slower in the year ahead, indeed it may be minimal during the period from mid-1974 to mid-1975." He predicted that prices on average may rise by more than 10 per cent, although by the end of 1975 a slower rate may prevail. However, Canada's econom- ic performance in 1975 will continue to benefit from the substantial program of bus- iness investment which was initiated almost two years ago, providing business confi- dence is maintained, hie add- ed. Economic output is expect- ed to grow by 312 to 4 peir cent in volume terms, which will be ône of the better industrial performances of 1975. Executive Vice-President and Chief General Manager, J. Allan Boyle, said the bank's improved earnîngs during the year reflected good growth in ooth domestic and internation- al divisions. Toronto Domin- ion expanded its operations in the Far East and Middle East and plans further expansion in both these areas, as well as Latin America. In Canada, Toronto Domin- ion broadened the responsibil- ities of its divisional and regional offices "in line with the banlç's policy to put as rnuch emphasis as possible on flecision-making in the field." Support of specialists in mort- gage lending, money markets, agriculture, inter nationalop erations and other fields is increasingly available. "We continue to direct a major part of our efforts toward the small and medium- sized firms who generally have difficulty in securing funds from non-bank sour- ces," Mr. Boyle said. SThe total mortgage portfolio ,nder the bank's administra- tion, including funds supplied through affiliated companies, rordom Corporation and TD Etealty Investments, amount- ed to over $1.3 bilbon. Mr. Boyle reported that Balance of Revenue of $137.9 million was an increase of 35.1 per cent during fiscal 1974. After provision for income taxes of $68 .8 million includrng the 10 per cent surtax contain-, ed in theNovember 18 Federal Budget, effective last May 1, Balance of Revenue was $69.1 million. Earnings on a per share basis were $4.09 com- pared to $3.18 a year ago.. -Total assets at year-end vere $11.9 billion, up 26 per cent from' 1973. The recent -ights offering, when added to available capital funds will give the bank a strong base. Jf over $500 million to support future gowth, hie said. "While present indications are that there will be some moderation in our rate of growth we expect that 1975 will be another good year for. your bank,",he said. 1/2 COUNTY FA IR ASSISTAN T MANAGERS L Th ursdaiy, Jan uary 30, E through Saturday, Februaryl1 Shortie Printed Robes $397/$4097ec 100 PER CENT CORDED COTTON OR 65 PER CENT POLYESTER 3PER CENT COTTON. COMPLETELY WASHABLE SIZES S,MIL. 38-44 Drapery Miii Ends SHEERS-ASSORTED PATTERNS AND SHADES $si *79Yard chenille Bedspreads TWIN OR DOUBLE MACHINE WASNABLE WHITE, GOLD, PINK 72ý" x 100" orP82" ýx 100" GIRLS' Print Knit To'ps SHORT SLEEVED 100 PER CENT COTTON COLOURS AND PRINTS MACHINE WASHABLE SIZES8-14 ,kleenex Paper 88ç Pkg. of 2 Roils 100% Cotton Work Pants Szes 32 42296Pi MEN'S 100 PER CENT Polyester Suits PLAIDS, SOLIDS, CHECKS 2 for 100*0 0 ie3- "Ici 6"" FLORAL STRETCH LACE Bra 'zS23 SPECIAL $5. O CI 3"" MOULDED NYLON B ra sizes 32 -36 ""DII SPECIAL $4.4O ""DICI2"e CONVERTIBLE SEAMLESS B ra( Sizes 32 - 36 SPECIAL $ 4 oO ZELCO MOTOR OIL - 1OW30 179 7case:f QUAKER STATE - 1OW30 ~ 7 Case of $24 9724 QuartsJ 200's - 2 PI1y Assorted Colours 2 Boxes f or As.sorted Colours Us orZeller's Charge ACCOUnt and-ReCeive an Extra I Use oUr10% Off2 On AliYour PUrChases.I Visit ZeIIer-l'Bairgain AIIey Our Ce'ntre Aisie Is Fuli 0f e 0ei Bar ainIl ZeIIler's Hams 3 Conveniàent'Credit Pans. One to Suit Your Budgetl Five Points Mail - 285 Taunton Rond East Oshawa Store Hours: lOI.m., to 10 p.m. y "Il 1 ( SAp-ir S -ov *1 n-il S, 0, n 881,