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8Otono WeekIv Timies, Wednesday. May 30, 1990 BAjNCE Ontario Hydro's plan to serve customers' lectricity needs Ontarl o Hydro iS undertaking a study on a new CANDU genemating station The province's demand for-elccrricity has been growng steadIy-and-foredasts indicate thaf Ontario will need 50% to 100% more electricity over the next 25 years. 99 195 2290 200 210 2014 014, (Joury ;2«5e f.2 O eSOncIS 75drýs lesorces Ontario Hydros "Balance of Power" proposai. sets out to meet this energy challenge in a number of ways, one of which calis for the addition of a new CANDU nudear generating station and transmission facility. Locations under study indude at least Darington, Wesleyville and the North Channel area of Lake Huron. Is part of the Balance of Power Along with a new CANDU station, Hydro's proposai indudes adding more warer power, building new fossil fuel stations and upgrading existing ones, purchasing elecricity from others and, of course, a heavy emphasis on the wise and efficient use of electricity at hiome and work These options and recommendations are contained in the 56 page, easyto-read. "Balance of Power" booklet. To obtain your copy, simply cail the roll-free 1-800 number below, or, fidl in the coupon if you prefer. 4How eveybody a help Ontario Hydro is working with Ontatio's businesses and industries, helping them reduce electricity use with' efficient lighting, energy audits and motor use programs. And, already over 1,000 major companies arc introducing progressive programs that will help Ontario become a province of power savers. At home, you can help reduce electricity use by turning off unneeded lights, using energy efficient shower heads, and %vise appliance use. To help you save-get your "free" Home Energy Pack of bookiets ... ideas to help you save valuable electricity. Cail or write. 19 Ilease use dis coupon to order th material you require: Qenmeacopy of the 52 page bookiet, 'The Balance of PowerQOverview". 0Qlim an energy saver Please send me your Home Energ Savong Pak Naine: (MriMrsIMsl Fusr Lase jStee No ___ _Steet Apt. No. -____ jTownICity Postal Code_____ Telephone: Arta Code ( - ) Number_ _______ IYou may order any of the above directly by usîng the no-cost , n-free j aemer servce momber Simply dial1-810-263-9000. Retun: The Balanceeof Power, PO. Box 3000, Concord,,Ontado L4K 4J6J 1-800-26 u3-9000 I i qr-%ffmý-" 1 I What is a Pre-arrangeci Funeral? The pro-arranged funeral is an opportunity to carefully plan for an orderly conclusion to life. It is flot a difficuit or complicated task. Simply, pre-arrangement is a practical way of determining an individual's wishes for a funeral in advance. The pre-arranged funeral provides the opportunity to decide the type of services preferred and outline instructions for final arrangements. If your are planning your own funeral, pre-arrangement can also serve as a guide to family and friends. That foresight can be invaluable in a time of stress. It-should be noted that any type of funeral whether simple or elaborate can be, prearranged. Also remember, one of our Funeral Directors would be pleased to corne to your home to discuss arrangements if you prefer. MORRIS FUNERAL CHAPEL LTD. 4 Division Street, Bowmanville LiC 2Z1' 416-623-5480 Last Tuesday night at a reception Marion Tink, Mary Lou Gi and, Mary McEwen, Oksana Kozak, at Memorial Hospital, Service Cer- Patricia Drysdale; those receiving Hazel Allison, Dianne Ogden and tificates were issued to those on 10 Year Certificates, Connie Kelly, Francis Armitage; 15 Year Cer- staff completing five to twenty-five' Arnold McGill, Mel Green and tificates to Norman Lewis, years with the hospital. Sharon Wilson; those receiving 5 Claudette Weigl, Lynda Orme, Pictured above attending the Year Certificates, Janice Dunnigan, Kathleen Boudy, Maureen Vander- receptiori and presentations were: Andre Hendriks, Margaret wouden, Merrîdy Bate, Betty receiving Twenty-five Year Cer- Wrightson, Catherine Cane and DeSousa, Kathleen Bowler, Judy tificates, Catherine Dilling and Louise Swain. Nemis, Inez Bradley, Ruth Clarke, Anita Jessup, receiving 15 Year Although not present other 20 Connie McLaughlin and Rosemary Certificates, Roberta Nesbitt, Year Certificates were presented to Rees. --7- Ho use Rîch - Cash Poor -, by Gord Milîs Rev enue Canada have given the green light to the only company of- fering reverse mortgages in Canada. A reverse mortgage can allow seniors to tap into their equity in paid-for homes. It provides them with enhanced income for life without having to sell their homes. Scniors have to be age 60 or over to qualify: The idea of the plan is that you take out a mortgage on your home and the proceeds are used to buy a life annuity that provides you with an incomne stream - monthly, semni- annual or annually - for life. If one spouse dies, the income cheques continue to the other spouse. They could be for the full amount or less depending upon the terms set. When the second spouse dies, the mortgage becomes due. If the home is sold, the insurance company is repaid from the proceeds. If you will your home to your children or other beneficiaries, they can elect in most cases to take over the mor- tgage as long as they qualify. The new owners then start repaying the company through conventional mortgage payments. The maximum reverse mortgage the company will provide depends upon the homeowners ages, the loca- tion of the home, the appralsed value and prevailing interest rates. It is possible to iiet an initial lump sum in addition to a stream Of payments. 0f course there are various expenses to setting up a reverse mortgage, including legal advice. As with .ail annuities, you can choose ansong features that include inflation indexing, and a guarantee period. Neyer consider _any reverse mortgage without a guarantee. The' annuity payments ini the reverse mortgage qualify for coverage of up to $2,000 a month under the life insurance industry's consumer protection plan. Experts advîse that the reverse mortgage isn't a good idea unless you ab- solutely need the income. The really good news is that annuity income you receive from a reverse mortgage is ail tax-free. Information can be obtained from AQ Retirement Counsel of Canada at 29022 Bloor Street W., Etobicoke, Ontario, MRX MB. Education director acc epts new position Dr. Gary Tushingham, the Director and Secretary of the Nor- thumberlanid and Newcastle Board of Education, will be leaving the Board in August to accept the posi- tion of Chief Superintendent with the Calgary Board of Education, the largest public school board in Canada. Trustees accepted his resignation with regret at last week's Board meeting. "If ever there was a man who personified ,the goals of the Board he leads, it is Gary, Tushingham," said Diana Stewart, Chairperson of the Board. He lhas been a leader, flot just in the educa- tion community at large, she said, "Gary's integrity was so ap- preciated and so notîceable by al staff who worked wîth him." Dr. Tushingham has been Direc- tor and Secretary of the Board for the past six years, a period when the board has experiencedphenomenal (Continued page 9)