The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

Ji I~ L--UI I 111 W L Ii mmm( 6 -OoýoWeýkyTmýsWednesdaàybecýember 23,191j Ontario strengthens co-operatives legisiation Financial Institutions Minister Brian Charlton recently intro- duced amendments to the Co- operative Corporations Act which will encourage the cre- ation of more worker co-opera- tives and ensure that housing co-ops remrain non-protit. "The co-operaivesector plays a significant role in Ontario. This bill reflects the govern- ments commitment to the co- operative movement," Mr. Charlton said. "As community- based democratic' institutions, co-operatives have an important part to play in rebuilding our economy' - "These amendments are the result of extensive consultations with rrecsentatves of the co-op mnovemient," Mr. Charlton said. "We recognize that there have been niew developments in the co-op sector and that changes, were needed to update the Co- operative Corporations Act of 1974. Our changes will promote the development of more co-ops, as well as enabling themn to func- tion more effectively." In particular, the amendments recognize worker co-operatives as businesse-s owned and operat- ed by workers. "The bill entrenches t he demo- cratic nature of worker co-ops, in which each member bas only one vote regardless of the numr- ber of shares held," Mr. Charl- ton explained. In the area of housing, Mr. Charlton pointed out, increased real estate values over the' past decade have led to concerras that non-profit housing co-operatives could bc sold or turned intoý profit-making businesses. "Toi preei affordable housing and proteet the govemment's invest- ment in non-profit housing, the bill would prevent these co-ops from converting to profit-mak- îng corporations," he said. The changes will also ensureý that co-op members receive sim- ilar protection as tenants in pni- vately-owned rentai accommi-o- dations, while preserving mem- ber control of the co-op. Excluding insurance and finan- cial co-operatives such as credit unions and caisses populaires, Ontarios co-ops have annual sales of more than $1 billion. .More than 150,000 Ontario rosi- dents are members of non-finan- cial co-operatives. u Si s P MacGREGOR Auction Service Estates, Consignments, Househoids Bankruptcies, Farms SoId at your location ot et ours Storage & Trucklng Cail for a Free Confidential Consulttion M. MacGregor' 416-987-5402 Junior West 416-983-5556 Mangar's Auto Centre COMPLETE REPAIRS TO -AU MKS & MODELS 0F FOREIGNl & DOMESTIC *CARS* VANS * BUSES * TRUCK mmed CarOn t-b ;ales Rad Shop aeyIspections ToSric &opan & Naýturaýl Gas Brakes or Tune Lps 9n35487 Body, & PaïitWork 117 M t.'" r o Autombotive Parts Proprietor. Mike Manger LIc, Ca.A.B.H.NG.Sp.S6a.S6b. Insp. BALLS RADIO& T.V. REPAIR REPAIRS TO MOST MAKES STEREOS, COLOUR AND B&W T.V.s V.C.R.s P.O. BOX 27 R.R. 2, ORONO, ONT. (416) 983-5721 ORONO FUEL & LUMBER LIMITED P.O. Box 180, Station Street Orono, Ontario LOB iMO ALISTAIR ROZARIO FREE ES TIMATES j Telephone: (416) 983-9167 Residence: (416) 983-5344 The CATERING CONNECTION ON THE SPOT CATERING Weddings - Anniversaries - Ail Banquets CHEESE TRAYS - MEAT PLATTERS - SALADS Fred& Patricia Storsbergen Orono 983-9679 I. Mark M. Sta] pleton I f8e storatior & fReproductiont 6720 Leskard Rd. N., Orono We specialize In Historical Restoration and Reproduction of Century Homes. Also al types of General Carpentry. MORRIS FUNERAL CHAPEL LTD. Establishedi in 1881 4 Division St. BowmanvilIe PRE-ARRANGEO AND PREPAID FUNERAL SERVICES AVAILABLE 3-t[SN Mangar's Auto- Centre COMPLEUE REPAIRS TO Al MAKES & MODELS 0F FOREIGN & DOMESTIC * CARS * VANS * BUSES * TRUCKS sed>Car One Stop Shon ales Rad Shop & 11,Original MuSfer Sblop afety Inspections Tow Service 98,35130 ropane & Natural Gas Brakes or Tune Lips 983-5487 Body & Paint Work11 flStOrn Automotive Parts -- MiiSt-Oon Proprietor: Mike Mangar Lie, CI.A.B.ll.NG.Sp.S6a.S6b. Insp. U SE Se Pl Af f ordable Dream Vacations! " Free Vacation Planning Services' " Discount Cruises 0 Charter Vacations * Airline Tickets 0 Honeymoon Packages 0 Hotel land Car Reservatiqns PERSONAL & CORPORATE TRAVEL SERVICES Travel Agents International We're with you ail the way 68 KING ST. E., BOWMAN ViLLE Over 300O Agencuies n North Arner',;a 623-Q600 :iI i ai ........... 0 7 MO