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id--Orono Weekly Times, Wednesday, June 23rd, 1976 Ontario hydro reports loss in 1975 Interesting exhibit at Art Gallery Ontario Hydro reports a loss of $86,6,000 on its 1975 operations, compared with a net income of $126 million in 1974, Cancellation of a heavy water manufacturing plant resulted in an additional lriss of $60 million. Revenue for the year was insufficient to cover ' any part of the statutory debt retirement charge of $78 million. Chairman Robert Taylor, in the provincial utility's annual report released today, said the drop in 1975 income; was caused by higher operating costs, despite -a $73 million increase in revenue. The extraordinary charge of $60 milliohj incurred in cancelling Bruce Heavy Water Plant C, covers preliminary design and construction work and the cost of cancelling contracts that had been awarded. The project, which was estimated to cost $562 million, "was cancelled early in 1976 as part of a $6.4 billion cutback in Hydro's capifal construction program to 1985, Revenue from the sale of electric power and energy reached a record $1.1 billion, up seven per cent. A rise during the year in primary sales of $132 'million (15 per cent) to Ontario users, was offset in part by a $59 million drop in secondary interruptible interruptible sales to United States utilities. Operating costs for the year were up 26 per cent to $817 million from $648 million the previous year. Increases in the cost of fuel purchased by Hydro, primarily coal, accounted accounted for more than half the rise. The cost of power purchased purchased during the year was $72 million, up $11 million from 1974. Interest expenses in 1975 rose $31 million to $254 million, an increase of 14 per cent. Bonds issued in 1975 totalled $1*6 billion, including $775 million in the U S. Total assets reached $8.6 billion. This was up from 1974's $7.1 billion. Mr. Taylor said 1975 wâs a year of 'change and challenge.' challenge.' The change, he said, 'has profound implications for Users of electric power and indeed for all citizens of Ontario.' The people of the province, he said, must accept the fact that substantial increases in Hydro rates will be necessary over the next few years. The long-term financial well-being of Ontario Hydro and its ability to serve the province must obviously be a major concern. ., Mr. Taylor said in the annual report, 'The events of 1975 caused a drastic re-alignment re-alignment in the methods and manner of Hydro's long-term planning. This re-alignment was brought about by rampant rampant inflation and the problem of capital availability which led to government constraints on borrowing. In mid-year Hydro cut its capital program by $1.2 billion. A further $5.2 billion cut was made last February by deferring or cancelling a number of major installations. installations. A target reduction of $50 million was set for the 1976 total budget. Hydro's revised capital program program will supply an annual growth in electrical demands" of six per cent. Hydro's forecasts indicate a growth in peak demand of seven per cent. Despite the financial constraints constraints of last year, there was little let-up in the demand , for electric power. The peak demand for electricity reached reached a record high of 14,513,000 kilowatts in December, "7.2 per cent above the previous year. (Later, in January and February higher peaks were reached.) Mr. Taylor said, 'these$ events illustrate why conservation conservation of electricity has emerged emerged as the single most important important issue facing Hydro today and over the next decade.' EFFICIENT BUSINESS MANAGEMENT Efficiency changing things on the farm Efficient business management management practices on many of Durham's farms have eliminated eliminated much of what used to be a real problem for livestock producers - bad silage.' Although it's cheaper for, farmers to try to make ends meet with hay silage for their livestock, since protein supplements supplements are expensive and consequently drive market, prices up, there is a constant problem with heat and browning. browning. 'Essentially all heating and spoilage is caused by molds and yeasts that require oxygen oxygen to grown,' explains a ministry of Agriculture scientist. scientist. '(f silage is exposed to oxygen in the silo, then it will heat much more quickly and to higher'temperatures. The hotter the temperature gets and the longer the silage heats, the greater the browning browning effects that tie up the protein available to cattle.' The period of greatest dry matter loss and risk of heating occurs during the first two weeks of filling, sincq there is a high level of plant respiration and a better than average possibility of microbial microbial activity. The crop scientist's solution to the heating problem during that critical first two weeks of storage is to fill the silo as quickly as possible, then seal it for that period to allow the silage to ferment. Under normal management conditions, hay-crop silage stored in a conventional silo will stay below 38 degrees C (100 degrees F), with little protein binding.'If the temper- CARL SCHAEFER RETROSPECTIVE The Carl Schaefer Retrospective, Retrospective, Paintings: 1932-1967, an exhibition of fifty-five landscapes and still lifes by the well-known Canadian artist, artist, Carl Schaefer, will be held at The Robert McLaughlin Gallery, Oshawa, from Friday, Friday, JUly 2,through Saturday, July 24. Schaefer's youth spent on an Ontario farm was an experience which remained With him and is very evident in his art. His early style reflects teachings of the Group of Seven, but in 1932 with the Depression, he moved moved back to Hanover. T went back,' Schaefer said, 'and .found a whole new aspect of country, as if I was seeing it for the first time.' The resultant series, painted in holidays from 1932-39 is characterized characterized by a 'start realism.' Using the colours of the earth', he portrayed the scenes again and again - a 'régionalise artist in the strictest sense. T felt that I was producing something of permanence, but I was not painting for posterity : I was interested in the cycle of life - spring, summer, autumn, winter.' View of Hanover (collection of R.S. McLaughlin) is typical of these 'field' canvases. During the 30s his paint handling became freer, and led finally to the works of the period 1940-41, spent (thanks to a Guggenheim Fellowship, the first awarded to a Canadian) in Norwich, Vermont. Vermont. About this time, feeling restricted by oils, Schaefer began to paint exclusively iri water colour, the medium he is primarily noted for today, Schaefer was an official R.C.A.F. artist during World War II. flying in bombers at night, over" Britain and Iceland. Iceland. It took him several years to recover from the experience: 'I was filled with memories of dark and painted poisonous toadstools and rotted rotted logs as symbols of death.' Carrion Crown from 1946 is another of these violent images. images. Afterwards, he became obsessed with light. Frost log cabin Lindsay - Management of the former summer residence of the late Leslie Frost, former Premier of Ontario will be taken over by the Lindsay Kiwanis Club, Wednesday, atures begin to climb above that, protein digestibility decreases decreases significantly. The browning or carmeliza- tion results from the formation formation of a compound similar to that of lignin. It forms from a portion of the protein binding with a portion of carbohydrate, carbohydrate, making the protein unavailable unavailable to the cattle. June 23, 1976. e Located at the Pleasant e Point, the log cabin was • donated by Mr. Frost to the people of Ontario. The property was acquired by the ; . s Ontario Heritage Foundation i| which will lease it to the :| Kiwanis Club. Bert Lawrence, Chairman of the Foundation, will turn the keys of the cabin oyer to Charles Hoag, President of the Club, in à ceremony beginning at 4:30 p.m. The cabin and landscaped grounds will be used for a variety of community purposes. The Frost Cabin joins a" growing inventory of buildings buildings of architectural and historic importance which the Foundation is helping to preserve. The property is the first acquired in the Lindsay area by the Foundation which is an agency of the Ministry of Culture and Recreation. Call your licensed Plumbing and Mechanical Contractor who sells, installs and guarantees CARMAN Plumbing and Heating Phone 983-5207 Orono Don't Leave It to Chance Be sure your home is truly protected by a good policy Call us now Miilson Insurance Agency Office: Corner of Church and Cobbledick Street 983-5032 Consult-With Us • for txpert Help * bins, : envelopes, • letterheads * Orono î Walk a block a day.-- It's the first step. pafMUPatuon& , Walk a block.Today. 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