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' "i Taxpayers Are l.iu lnuuu Te The True Facts On The Eastâ€" West Subway! %. Zone No. 1 consists of Torâ€" |'r"n_.u'i§n"!ii."'nm."' â€"onto, Forest Hill, Leaside, Swanâ€"|during 1954, double fares woere . _ On July 3rd, after three years of negotiations, the Meâ€" tre Councll by a vote of 16 to 8 favored construction of the Bloor, University, Danforth Subway. ‘The next hurdle is to obtain approval of the Ontario ‘unklpd Board. business occurs in Zones 1 and|sea and parts of York, East â€" GLASSES â€" P. E. STAITE, R.0. 9 a.m. to neon Set. or by appointment OPTOMETRIST F. L. MERTENS R. E. MeAFEE, B. Com. = CHARTERED ACCOUNTANT PING â€" STRFHT wOOpsriper Eyes Examined John Mopmans SHELL SERVICE STATION sPRIN® TUVMBUP whh moogenm maCckimeny 1243 Weston Rd. (at Ray) CH. 1â€"1133 PROFESSIONALâ€"BUSINESS Resident Partner of M T. JAMIESON is maYy a co. 1 Main St. N. â€" Weston Phone CH. 1â€"0701 LIMITED * Dependable Service Stanley McNeil INSURANCE AGENCY LTD. W. J. WARD W. M. MYERS FUNERAL HOMES WINDER‘S TAXT Professional Directory WwWOObBnrIiDdDer Chartered Accountant Hawman Avenve, Woedbridge Royal Bank Building, Terente Intermediate Lacrosse WOODBRIDGE DODGERS . FERGUs â€" | TRANSPORTATION FUNERAL DIRECTORS CH. 1â€"2233 For a complete Survey of ALL TYPES OPF INSURANCE GOURLEY L. HOWELL Phone ATlas 8â€"0511 8 JOMN STREET TON CMH. 13781 THURSDAY, JULY 24 8:30 p.m. MEMORIAL ARENA, WOODBRIDGE Admission: Adults §@c â€" Children 25c FRIDAYS 4 + 6 p.m. And By Appointment PMHONE ATlas 80621 ATLAS 81483 = Phone ATias 8â€"1186 By W. A. EDWARDS . DIR ECT OR Y J. Edgar Parsons 2 John $t. at Main > MORTGAOE mONEY 10 1dan Evenings by appointment WESTON CM. 4â€"5697 BARRISTER, SOLICITOR, Bre. tM. 4â€"1068 Meney to Leen 18 Terento Street, Tereate Alfred N. Herman, B.A. The imperial Bank Building, Nobleton Tuesday from 4 to 6 p.m. ERNIE BROCK & SON Ltd. . Kirby Brock COMPLETE INSURANCE SERVICE J. KENNETH KIDD BARRISTER, SOLICITOR, ETC. 371 Bay Street WILLIAM H. C. BAILEY, B.A. Fraser & Simms BARRISTERS, SOLICITORS William D. Lyon EM. 3â€"6097 â€" ATlos 80428 WOODBRIDGE Tuesdays 79.30, Frideys #8 pm. George W. Bail BARRISTER & sOuCITOR BARRISTEA AND SOLICITO® 7 MAIN STREET SOUTH Barrlsters and Seliciters Barristers & Seliciters 29%% MAIN $T. NORTH Fraser & Simms W ES T O N H. Â¥. MATTS Bank of Nova Scotia Chambers 7 Main‘ St. South TON CH. 1â€"0111 BARRISTERS, ETC. Bank of Nova Seotia Chambers HEAKES and MacDONALD 1163 Weston Rd. Bus.â€"Maple 11 Res.â€"Maple 300 CM. 4â€"5547â€"0â€"9 43 KING ST. AURORA CH. 4â€"6911 ~ IIPHOTOGRAPHY It is estimated trains will opâ€" erate in the first section of the Analyze this financing set up carefully as follows: cash financing from Meâ€" tro taxpayers ........ $80,390,000 Total debenture loans = .................... $113,208,000 Timing Factor The estimated cost and financâ€" ing plan; Estimated cost (exâ€" cluding other than debentured interest) based on 1987 cost standard is $200,984,000. _ Less saleable Troporty worth $7,350,â€" 00. Equals $193,598.000. Financing Plan from Metro Taxpayers 2 mills per year for 30 year debenture On Ma;, 19, 1955, The Simpâ€" son, Ing, Wilson Commission recâ€" ommended a 12% cent fare to begin July ist, 1985, to stop operating loss, This fare increase was delayed until July 1st, 1986, Then the TTC applied to the Metro Council for a $2,300,000 subsidy for the loss caused by the fare increase delay and Yonge Street subway. In that application, during May 1956, the TTC estimated the 1086 loss would be $2,000,000 if fares were increased to 12% cents July 1st, 1956, which was done. The 1956 surplus exceeded $1,000,000. The TTC estimate of revenue for seven months was over $3,000,â€" 000 too low. #o much for TTC estimates. . Financing Plan â€"> 10 years ... 30 years debenture 10BM = ................ TTC. loan _ ... aomn‘ BB second 30 year debenâ€" ture loan for interest on 1st loan} pending operation of subway AFRINE : smmmumcmims 6 ‘The cost of the subway was estimated. Past experience with T.T.C. estimates, have been so disappointing, Yonge Street Subâ€" way cost about double the origâ€" inal estimate; the 16 members favoring the z.-u ‘system of financing ml:‘nm, were nm‘ single fare; the ‘ Metro mem»â€" n nticing the sepway, The main issue was not Cost Estimates 1230 JANE $1. â€" MT. Dewnnus RO. 92841 Chartered Accountant 114 MAIN ST. SOUTH WESTON CH. 4â€"6061 C. W. LEASK * COMMERCIAL * PHOTOSTATS PIANO TUNING 1338 WESTON RD. AND REPAIRING ACCOUNTANTS ‘The dispute $94,927,000 $87,323,000 $11,348,000 $98,671,000 $14,837,000 $80,390,000 The Yonge Street Subway loâ€" cated at the dub of transit busâ€" iness has done a tremendous business ever since it began opâ€" eration during the year 1954. It was easy to dupe an unsuspectâ€" ing public into believing the subway was financially | selfâ€" sustaining, but this is not & fact. No modern subway can be selfâ€" sustaining on a 12% cent fare. ’Thc cost of financing the Yonge Street subway debt _ charges alone, is around 10 cents a fare. It was doubly easy to deceive the public about subway financâ€" ing when the overall system made a $2:300,000 profit during the year 1957, which was the first fiscal year with the 12% cent fare. But the fact is, all along, Yonge Street subway has been subsidized by the surface line passeiigers and in addition by taxpayers during the year 1956 _ Yenge Street subway caused the 1955 loss. Year Fares / Gross collected _ Revenue 19838 (a) $22,242,820 _ not known 1954 $20,240,800 _ $29,402,214 1985 812,805,800 _ $31,336,899 1986 303,813,500 _ $35,449,140 1987 205,138,707 (b)$37,154,500 Notes: s (@) Includes suburban lines and bus lines taken over by the TTC during the year 1984. (b) Estimated _ annual _ report not yet submitted. Fares increase 8 to 10 cents July: 1st 1954. e Fares increase 10 to 12% cents July 1st, 1986. Fares collected decreasedâ€" Revenue increased. Yonge Street Subway 1964, The subway will be comâ€" ted about 1968 Now note the \&W yers $80 million financing SBpeaking of business loss, let us place on record five past years of TTC operations as folâ€" Buch is the fimnclnlhplan of the astute Lamport. r over 80 years the Toronto Transit system did not cost taxpayers $1.. What a contrast comparing the former Toronto Transportaâ€" tion Commission with the preâ€" sent one. crease, or will proposed financâ€" I-mhn be changed? ; answer is obvious; taxâ€" payers will pay the whole subâ€" way cost, As a matter of fact, the July 3, 1958 executive reâ€" m‘fl refers to taxpayers financâ€" part of rolling stock in adâ€" dition. . . Business Loss is cash and the TTC financing to repay those loans ocours, when the tax payers cash fiâ€" It is also estimated fares will Increase to 15 cents about 1963, not due to subway expenditures, ‘htn&u“h‘.“umm increases present system of business loss, or both. When repayment of loans begins and tax payers cash financing ends, Tart Will bt a ind i fax 1t F. L. LOWRIE, R. 0. OPTOMETRIST Will be bn J Kenneth Kidd Lew Office, Pine Street. Woodbridge, the and third Wadnesday afterncen of each month from 2 to $ e‘clock â€"HERE NEXT TIMEâ€" WEDNESDAY AFTERNOON, JULY 30 Eycs Examined â€" Optical Prestriptions Pitted â€" Glasses Firted Broken Lensss Replaced All this will focus attention HAWMAN MOTORS & ELECTRIC LTD. Pleasure is high, Price is low... PONTIAC 0 e m #§ =â€"_â€"â€"â€" at your PONTIAC dealer‘s m-m-mumn-.ywan-u-...â€"nnu in a spanking new Pontiac! You‘l leave your everyday worrles behind, while you enjoy the incomparable delights of driving Canada‘s No. 1 Road Car. Pontiac‘s tops in giving yu'htihh--hnfipu-lh...i-m features like the country‘s peppiest sixâ€"cylinder engine or @*”‘MVB‘;-:H&M“ The present Transit Commisâ€" sion must not be permitted to hoodwink the pu.%l)ic, by referâ€" ence to the enviable record of their _ predecessors . who _ opâ€" erated the transit system withâ€" out $1 of assistance from taxâ€" payers. All this shall take place. Of that I am convinced. « The case of the financing plan is so weak, that they who sponâ€" sor it and their Toronto newsâ€" paper supporters try to divert attention, by referring to help in reducing water rates, and building schools in _ outlying townships. Lakeshore w ater rates have substantially _ inâ€" creased. This has nothing whatâ€" soever to do with taxpayers paying for transit service and double fare passengers subsidâ€" izing subway passengers. This is an example of Mayor Phillips‘ idea of a new Magna Charta for Municipal taxpayers. What To Do About It This nefarious subway deal| must be strenuously opposed. The application before the Onâ€" tario Municipal Board must be" opposed. The authority of any| public body to commit future) councils to a two mill tax levy| must be questioned. The method of past and proposed transit| financing must be fully whalyâ€"‘ We who object to the pro: posed financing plan, point to passengers, who seldom use the subway, paying double fares; double subsidies, in addition, to taxation to enable passengers who use the subway to ride for less; very much less than cost. on fares; more particularly douâ€" ble fares, paid by people who seldom if ever use subways. Right there is the bone of conâ€" tention in this whole subway business. Lo?don, England where she was met by her son, Tom Wilson, Then another short air journey took them to Belfast where she was met by her daughters and driven to Whiteabbey. Happy journeying, Mrs. Wilson! ~ Mrs, Margaret Wilson of Whiteâ€" abbey, â€" Northern Ireland, left here by air for her home last Friday. Mrs. Wilson, mothbr of Mrs. Dave McKane,: has been visiting here and Philadelphia, U.8.A., since last October. She travelled from Maiton to New York then by direct route to Congratulations to the Kirby family who have u'pently anâ€" nounced a new arrival, a son. Mom and baby are doing fine. We are happy to hear that Mr. Tom Groves is progressing nicely after surgery in Humber Memorial Hospital, Weston. Mr. and Mrs. Tom Woodley ps in giving vacation valsts in ontine history. You‘l And there‘s a ... including Pontine priced right for you. 36 visit him today. Take a t engine or pleasure cruise in the big boid beauty of your choim. Ones eat selaction you do, you‘l know why people going plases this anmmer ranamiamionie are going Pontine in a big, big way ! A ©ENERAL MOTORS vALUS It‘s a good sight to see a)l those water pipes being gently set along the side of the streets in our community. Several of the residents have already made application to North York Waterâ€" works department to have this water connected to their propâ€" erties as soon as it is laid on their respective streets. Don‘t forget, you have to apply to the and family spent a week»â€" end at Alcona n..a.':'fiu g0t= tage of Mrs. Woodléy‘s sister, who is Mrs. Rich Bowyer. Mr. Lockhart‘s two sistersâ€"inâ€" law have returned to their home in Virginia, U.S.A., after spendâ€" Ing several weeks in Humber Summit. Mr. Alan Lockhart, Roy Lockâ€" hart and Roy Smith have reâ€" turned to town after spending last week with the Alf Smiths at Crediton. & JALOPY AACE§ mlflgw‘mm_h «â€"â€" PHONE AT. 9â€"1081 anywhere. Best of sll, you have an wwatritied dutes of 20 dazeling models in cight great serim. And with Pontine popularity at its heigh, your dealer is effering the biggest The Howard Pridhams are thoroughly enjoying their recentâ€" Mr. and Mrs. Stan Price are enjoying a trip to Western Canâ€" ada and will probably have some wonderful color films and slides when they return. Daily Vacation Bible School is now in session at Pine lldr Presbyterian Church and alâ€" though it started last Ilonl:fi it you wish, you can now begin end will receive a nice welcome. Happy nTu. projects and Bible Btudy will be taking place and any adult help will alto be apâ€" preciated. _ , approximately 12.30 noon.. The books you recelved from this llbrmnh--\dotnlwdm are | ped for a date in Sepâ€" tember, but you can still reâ€" turn /them before that date it you are finished with them, ARLENE DAHL â€" PMIL CAREY Admission restricted to persons 18 yre. of age or over. WICKED AS THEY COME MT. DENNIS THE HUNCHBACK OF NOTRE DAME THE BABY AND THE BATTLESHIP WOMAN OF ROME "TARZAN AND THE LOST SAFAR!" MON. â€" TUES. â€" Wep. JULY 28 â€" 29 â€" 30 GINA LOLLOBRIGIDA in KARL MALDEN "BOMBERS Bâ€"52" THURS. â€" PRI. â€" SAT, JVLY ‘24 â€" 25 â€" 26 OINA LOLLOBRIGIDA ANTMONY QUINN in RO. 9â€"1960 AIR CONDITIONED THEATRE Also Also with brated his :76th Momin on bt many family and trien There are quite a few nelghbore. out of town present time and weâ€" h have lots of happy report they return. FRANK SINATRA â€" SOPHIA _ LOREN "TMWEG PRIDE AND THE PASSION" "RISING OF THE MOON" "THRESHOLD OF SPACE" Tues. & Wed., July 29 & 30 "FORT DOBBS" CLINT WALKER â€" VIRGINIA MAY® DANA ANDREWS â€" KENT SMITM YUL BAYNNER â€" INGRID BEAOMAN Sat. & Mon., July 26 & 28 "ANASTASIA" _ __ 7 miles HAST _ of Wopdbridge, Ont. Thurs. & Pri., July 24 & 28 "COMANCHE®" JOHN AGAR "FLESH AND THE "BLACK TBNT" ANTMONY STEALE (Cinemancope) JOHN HODIAK