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PAGE 10 TERRACE BAY NEWS SEPTEMBER 7, 1972 The 1970 comparative figures on the attached statements have not been amended to reflect this change in procedure. The comparable surplus and unapplied capital receipts for 1970, had this change been made in that year, would have been as follows: General revenue fund surplus $18,815 " Urban service area surplus 2,559 Surplus at the end of the year 21,374 Unapplied capital receipts 917 % $22, 21 7. Recovery of swimming pool construction costs Tt is our understanding that receipts from swimming pool donations and memberships are to be taken into the Township general revenue fund until such time as the amounts expended by the Township in past years on construction and maintenance of the pool and change house have been fully recovered. Subsequent re- ceipts from these sources would then be paid directly to the Recreation Committee to finance the operat- ing expenses, The unrecovered balance of the pool and change house costs at December 3I, I97I was as follows: Balance December 3I, I970 Memberships I971I Balance December 3I, I97I 8. Additional tax remissions $ 7,634 3,323 $ 4,311 In April of I972, the assessment review court authorized e refund to the Hospital Board of $3,834 of I97I taxes which had been paid in I97I. Of this emount approximately $2,035 will be charged back to schools in 1972, with the balance being borne by the Township genaral fund and the urban service area. No provisions has been made in the financial statements at December 3I, I97I for this liability. Development Target - cont'd from page 7 ...... wonderland still has these priceless ingredients lav- ishly provided by nature. The island-dotted lake, forest-carpeted shores and enchanting panoramas on all sides, form the foundation on which a Rossport revival is building. Keynote to renewal is self-help through the agency of the Development Council of Rossport, chaired by Andre Nicol ably aided by such workers as E.R. "Bud" Crocker, development officer. Change is gaining momentum, instanced by a marina implementing cruiser and sailing craft rentals, gift shop featuring local and imported crafts while an- other gift shop is under construction. Re-opening is a combination sports and coffee shop and a liquor store. Coupled with the existing businesses, the village is now capable of offering a wider range of services and recreational outlets to please the visitor. Citizens and the community development council are looking at those problems inherent in any expan- sion. They report: "Some areas of concern are sign control, parking, day use meters, building mainten- ance, waterfront maintenance and general appearance, plus the important roles of advertising and public relations and eventual special events promotion." Rossport will be more than ready when the poten- tial of the north shore of Lake Superior as a superb deep water cruising and sailing region is fully developed and the famous lake trout gradually are returning. Northwestern Ontario Development Council Messers Ray Kenney, Ronald Legault and Jos Kenny with Judge George Paradise of Sioux City, lowa with a catch of lake trout caught in the Rossport Area. Fish are coming back and proves that there are still trout to be caught in Lake Superior. Photo by Mrs. A. Todesco.