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Z Scugog Citizen -- Tuesday, August 1, 1995 -- 17 - Seaway Valley shares hot with investors The Seaway Valley Farmers Energy Co-operative is pleased to report that, as a result of community support and a huge grassroots effort, all of its Membership Shares have been sold and investors are quickly turning their attention to Class 'A' and Class 'B' Preferred Shares. "We're extremely delighted with the enthusiasm residents of eastern Ontario have shown towards our project," said Bud *«. Atkins, president of Seaway Valley Farmers Energy Co- operative. "The sell-out of Membership Shares has resulted in $5 million in equity toward the financing of our project and a total membership of over 1,650." Richardson Greenshields has joined with our sales staff to handle the sale of Class 'A' and Class 'B' Preferred Shares. The end of the sale of Membership Shares has resulted in increased demand for preferred shares. Preferred shares are held "in trust" until financing and building permits are finalized. RRSP purchase options are available. "This has been a grassroots project from the start, with individuals making an investment in an eastern Ontario project which they will own," said Atkins. [We expect our present memberp will decide to increase their eqyity, and new investors will join jn, to ensure we are helping create jobs and keep production dollars in our local communities." Class 'A' Preferred Shares are non-voting shares with a par value of $100. A minimum purchase of five shares is required. The shares offer a floating rate dividend determined on April 1 and October 1 of each and every year, which is based on a non-cashable Drives him buggy From page 12 many being more than a century old. Chuckling, he says, "some are so old we don't know what they were used for". And he dabs in a bit of blacksmithing too. The owner of three forges he's bought at sales, he only uses one and they're all collectors' items. Using the forge to bend the iron for making parts for his buggies and sleighs, he learned the art through a blacksmith friend. Retiring next year he plans to devote time with his restoration projects. In spite of a few health problems he's had over the last few years, he says he feels really good "and everything's under control" he chuckled His philosophy is to keep active. "You've gotta keep busy". "The more you do the less time you have to think about yourself". Guaranteed Income Certificate, plus one percent, maturing on April 1, 1998. Class 'B" Preferred Shares are also non-voting shares with a par value of $100. A minimum purchase of 25 shares is required. The maturity date is April 1, 2000. Unlike Class 'A' shares, these shares can be converted to Membership Shares at maturity, on a one for one basis, if no dividend is declared and paid or declared and unpaid for three consecutive periods. The dividend is determined by the board'from time to time. Seaway Valley is working to construct a 52-million litre per year ethanol production facility at the Cornwall Industrial Park. Big trucks at Jamboree The Monster Trucks are coming back to Janetville. "Big Foot," "The Carolina Crusher," will be joined this year by "Excaliber," at the 5th Annual Janetville Off Road Jamboree and Truck Pull. It's a three-day action packed Jamboree August 11, 12 and 13 which features mud bogging, truck pulls and the craziest demolition derby you'll ever see. The "Monster Trucks" will be in action, and you will also have the opportunity to go for a ride in a real monster. The fun and the action starts Friday evening (Aug 11) and continues through to Sunday evening. There are camping facilities and on Friday night entertain- ment by Centre Lane and the Wolf "live karoake band. The Wolf Band will be back to entertain on Saturday night along with Scarecrow. The Off Road Jamboree is a great weekend of fun for the entire family. To get to Janetville from Port Pe:ry, take Hwy 7A east to the County Rd, watch for the signs. Monster Trucks Big Foot and Carolina Crusher will be at the Off Road Jamboree In Janetville the weekend of August 11-13. See story for details. Scugog church groups fight Purple Loosestrife The enthusiastic parishioners of Scugog's Anglican Churches, St. John Blackstock and the Church of the Ascension, Port Perry joined together on our + causeway, for a second time, on Sunday July 30th to continue the attack against Purple Loosestrife. Their goal this year was to try and bring the population of Purple Loosestrife, on the causeway, under control. This weed came from Europe over a century ago and continues to rigorously spread across North America, aided by the absence of native predators. Purple Loosestrife ultimately chokes out all native vegetation and destroys the diversity of plant communities that are so important to the survival of wildlife. It ends up creating a dense purple landscape almost totally devoid of flora and fauna. As natural habitats and food sources are destroyed by Purple Loosestrife, the animals that reside in the area will either move on to another or simply die out. In Canada, there are no herbicides registered for use against Purple Loosestrife growing in or close to water. A single plant is capable of producing 2.7 million seeds per year. Each seed can lay dormant for ten years or longer before germinating. The entire plant must be removed, to minimize the chance for regrowth. Where plant digging isn't feasible, flower head removal helps retard the spread of the seed. The team of Bill Bissett, Margaret Bissett and Neville Pearce was high three game winner in a mixed lawn bowling tournament In Port Perry last week. At left Terry Coyne presents the Pineridge Sports trophy to the winning team from Oshawa. The top Port Perry team was Malcolm Allbright, Anna Beaton and Tom Finnerty as the high two game winner. The flower heads must be cut and placed in green garbage bags and taken to the dump. Composting is not advisable, as Purple Loosestrife seeds may not be destroyed and the thick woody root will take a long time to decompose; therefore, it could possibly reroot itself. There is no solution currently available to permanently rid ourselves of the weed. Biological controls have only recently been approved and it may take 5-10 years before there are adequate supplies of European insect predators for wide spread use. Purple Loosestrife in our wetlands and fields looks beautiful to the onlooker, but the plant.is actually working on destroying all native vegetation in its surrounding environment. It destroys the wetland habitats that are extremely vital to our fish and wildlife, two of Scugog's most important tourist attractions. Purple Loosestrife still posses a threat in many places in Scugog, but the efforts put forth last year and this year were not in vain. Several individuals have remarked that there has heen an improvement, a difference in the population of the wetland weed along both sides of the causeway. The Anglican Churches in Scugog are hoping. that the actions they have taken, and the results that have occurred because of them, will help to make the community more' aware of the ecological threat of purple loosestrife and what can be done to stop the spread. For more information, please contact Project Purple, P.O. Box 2800, Peterborough, Ontario K9J 8L5, phone 705-748-6324 Local bass anglers take second spot Less than a pound was all that stopped Scugog. Township fishermen Hector Peach and Peter Davidson from claiming first place at the Top Bass Tri- Lakes tournament on Sunday. The pair entered five bass which tipped the scales at 17.40 pounds, just a few ounces short of the first place winners. But it was still a profitable Sunday for the duo as they took home $1200 for their second place finish out of 155 boats. "We were fishing heavy cover-- thick weeds--using Berkley Power 'Worms and Power Crawls, Texas rigged," said Hector after the event. This coming Civic Holiday weekend, Hector and Peter are heading north to Barrie where they are entered in the two-day GM Pro Bass tournament on Lake Simcoe and Lake Couchiching. :