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O~9W~LY T1111,. IJ~~SD4YFE1RUARY 271h,'1969 Educationad Meeting HeId, By 'Clarke Ratepayer 1 Some fifty persons' attended the monthly meeting of the Clarke Township Ratepayers' Associa- tion on Tuiesday evening in the Kirby School. Messrs. Story of the Tax Department, Kasden of the Officiai Guardian Department and Clift of Canada Permanent Trust Company, were present to provide a store of informat«jin in, their particLar fields., The meeting proved informative in the files of Gift and Estate Taxes, the drafing of Wills and other relating subjeets. 1 Mr, Kasden emphasized the rw..ith Vour Hearing Deserves The Best! 'Manufacturers of the finest precision made instruments for the past 63 years, offer you a Free Audiometer Hear- ing Test and Free Trial. 31r. Gabriel, a certified Hearing Aid Audiologist, .will beat ORONO ELECTRIC Orono, Ont. Inquire about the New Oticon that uses 1 - 675E Battery for 500 hrs, For Information write or phone ORONO 1ELECTRIC, Orono, Ont. Fresh Batteries and Service for Ail Makes of Hearing Aids. Please Note: Weekly Service for Ail Makes of Hearing Aids Callyolur' licensed Plumbing & Mechanical Conractor Whao sels, instaIls ejd gaaes CARMA N PLUMBING AND ITEATING Planc 983-5207 Orano great advantage in planning your estate. 11e suggestedthat a person should go to their lawyer or a Trust Company for sound advice. It was also pointed out that, ev- e ry ûase. has to brr almost handled separately and that there appear- ed no single answer to cover al cases. Mr. Story outlined the new pro- posel Gift Tax which he f elt would soon be in effect. 11e out- lined some of the good features whicb included no tax on gifts between spouses and also an in- crease of exemption of up to $2,- 000 to trusts per annum provid- îng there is only one beneficiary to the trust. 11e pointed out that the tax rate where applicable was greatly increased unider the new proposed law. Under the old plan the rate started at 10% and wcnt to a maximum of 20 per cent at $1 million. Under the new plan the rate is. drastically increased beginning, at 12 per cent to a maximum of 75 per cent at only $200,000. Mr. Story asked where was it going to end. "Hard work and iniative seems to be taxed away," he said. Mr., Clift painted a similar ýstory on the Estate Tax. H1e point- ed out that the government has toý get money from somewhere and that Estate taxing did go back to the 1870s in England. Under the new bill Mr. Clift saw some advantages over the old bll. In this he pointed tô the fact that the spouse was not taxed when the estate changes from one to the other. There was also an ad- vantage with the exemption of $1,000. for each year that a child was under the age of 26 years.' Like the Gift tax the big bite came under the new proposed legisîn- tion in the increased rate. Under the old system the top rate of 54 per cent was reached at $2 million. Under the new the top rate would be 50 per cent reach- ed at, only $300,000. It was point- ed out by Mr. Clift that it was his opinion that the new 'legislation would be passed in the house. It was .also pointed out that no es- tate under aggregate net value' of $50,000 was changed tax. There is also a basic exemption of $20,- 000. Mr. Kasden outlined 'under, what1 conditions a Will 'may bc contested and also outliner the procedure that' is followed in pro- bating a Will. H1e also pointed out that under the Dependent's Relief Act a wholly dependent wife or children may contest a Will where the testator did not provide suffîciently for bis de- pendents. Also he stated that a Will can be changed under the Variation Trust Act when the;- estate is left in trust. Mr. Kasden also outlined the Dower Rights of a wife. .This right allows ber a lifr, interest, of otie-hird' iii tlhe hiusbanid's real estate. She Can1 eetto ta ke this under thie Will orif thiere is nuo Will slwe can. el- .et to take this riglit but must make applicatin within sixty days. The Dower Rights haive p, e- ference in a bankr:upt estate over ail other dlaims. The, spczaker pointed to the Right of Courtcsy of a husband where he had a life. interest in ail the r-eal estate and personal property of awife. Un- der certain conditions this chang- es to a degree and this change is affected by the number of child- ren who are in the family. If a husband is to share in this estate under this law he must also, el- ect to do so within the allotted time. On a question from the audi- ence Mr. C?ïgft showed that on an estate of $100,000 if left to the wif e and later turned over to the children the estate tax would hc $13,'200. If this estate 'had in the first instance been granted $50,- 000 to the wife and $50,000 to the children and later the $50,000 left to the wife went to the child- ren the tax would be $7800. How- ever Mr. Clift di d not recommend this procedure as an answer to beating the tax. The audience was inforrned that in making a Will one should be careful who they appoint as ex- ecutors of the estate. A qualified person or firm can be more quai- îfied to handie the affairg through the various channels. The f orm- ing of Limited Co. was also dis- cussed briefly and here again those present were cautionel to look into the matter first. Mr. Butt chaired the meeting.. UNITED CHURCTI Orone Pastoral Charge Minister Rev. B.,E. Long SUNDAY, MARCH 2nd, 1969 Orono United Church Sundey School at 10"00 Service at 11:15 a.m. Kirby- Morning Service at 9:45 Sunday Scbool at 11:00 r) C"redit Uhiq (Continued £rom page 1) pated. Tihe deliver 'y of the festival presentations was donc in Fn-. da i and Saturday nights. Mrs. M. Shortliffe, a teacher of Theatre Arts' at the Kingston Col- legiate and Vocational School, did the adjudicating of tbe plays. Phillip Craig of Port Hfop, High School was the winner of the Crane of Canada Award for the runner-up to the best actor. The Cobourg West Colleg iate was the winner of The Evening Guide Awards for the best pro- duction of a Canadian play and à 1so tbe Adjudicator's Special A- ward for their presentation of "'Flight Into Danger." The best over-all production a- ward and the best production by a student director were taken by the Lakefield College Scijool for Panti Ilose A good stock ofi ladis' Fnti Hose in seamless sheer Mesfi addsuPer Cantrece. Light and dark shads' in' smail, medium and large. Priced froi$1.98 t $2.25 Sheet -and ?illw"Case Sets "Wahassol"- broI,éëd sts c4ntaining one sheet 81" x 1.04" nd tv pillow cases to, match. Attractie hor4àçr trimu with pre- domi l at shafes ofýod,',green, pink and P rice, 'per ~set -4-8.50 -Towels and F'aie Ioths "L~ady Gatl soft tery bath towels in jacquard weave wit1~h lime gends. Face lohs to match. RBiéh shalles of gold, Prie, Towels- 24"'x1,1" - $2.25 Face Cloths, each -69C (j i Y I rU i 3) .3. >i MORE ACTION SA rU 1)Y.' AT OiRONOIUNK)ý The Orono Juvenile Hockey Club who are presently tîed in a playdown series with Pickering Juveniles will return to the Or- onio ,Rink again this Saturday ev- eninpo,. The two teams will battle it out 'on this >'date i'iirla sudden death gameto determind the viÉ- tors of the, three g-aie serbes. o- O"' mwo'- h first game but lost out on Saàturday l ast by a score Irotl pla'yed between two te , havebeen foo spec- - 'Or!md fie3rd ganieý owi1 t-coiuse of the prvos o ore out and supr1 i t, o afrentry in this o9f the Karl C gp,~"The Ma- ifuïiera1 Arrangements Wedding Arranîgements, IqospitaI Arrangem~ents FREE DELJVERY! Drop in andll>rowse aroiffl iiour Large> Greeihouse Showroom for , ,ropical plas eed, potlting. SOUS, p0tSý rooting hormoneý étc. CALL ICOLET-DY or NIGT r lVAN BLLE êARDENS.LTD. Plower Shop Between Bowvmanvillo and Oshawa on Highway No. 2 NOW AT VOUR DX Servke StaUoiP Highway 3 ad15 s ortt Fetwu PremîuniQaiy out - AT THE MOST 1EAONABLE PRICES- Stove OH may be picked up ini any quantlty 19.9c. per gallouii ATTENTION FARMERS and 7UCKERS - iiiîa discount on gasoline and dieswfil. YARD GOODS .INEN AND HOPSACKING - Eight new pieces of llnen and h op- sac1ing, Sitable forSummer drésses and sportswear, 45 inch kwîdth. Floral and geo- metric patterns in, lovely shades. Price, per yd.- $2.0 PRINTED TERRY- Good quality cotton terry cîoth suit- able for casual fashions such as beach coats, sports separates and bath robes. Beautifal briglit shdes, 36inchwidth. Price per yd. - $1.95 CRINKLE-CREPE- Cotton crepe for nightgowns and py- jamas, 36 inches wide. Small floral design on white ground. Price, per yd. - 69e ClOarke Township Progressive- Conservative Association ANNUAL MEETING And Pot Luck Supper ORONO ODDFELLOWS' HALL Saturday, Mafâtrch8t 6:30 P.M. sharp Ladies reque--sted tobrg a Hot Dish or Pie