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Page 10, News, Tuesday, June.19, 1990 . . continued from page 9 . CHARGES FOR NET LONG-TERM LIABILITIES Total charges for the year for net long-term liabilities which are repo:ted on the consolidated statement of operations are as follows: . 1989 1988 Principal payments $21,712 $ 386 Interest 12,159 £932 $33,871 $4,818 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) 9. NON-ACCURAL OF INTEREST ON LONG-TERM LIABILITIES No provision has been made in these financial statements for the accural of interest on the net long-term liabilities. Had this provision been made the municipal fund balances as at December 31, 1989 would have been decreased by $3,594 (1988, $NIL). 10. CONTRACTUAL OBLIGATIONS (a) Sewer Services In accordance with a service agreement, entered into by the municipality with the Ministry of the Environment, the sewage system is owned and operated by the Ministry. The municipality is obligated to meet all operating costs and repay the long-term liabilities related to this project. Included in the consolidated statement of operations are the 1989 charges from the Ministry of $114,276 (1988, $114,276). The consolidated balance sheet does not reflect any assests or liabilities pertaining to the sewage system, except to the extent of service charges due to (or from) the Ministry. Information received from the Ministry as at March 31, 1989 indicates the following: Accumulated 1989 Debt Total net surplus charges outstanding long-term fiabilit Sewage System $13,953 $347,400 $34,919 The operating surplus and long-term liabilites indicated above are not reflected in the accompanying financial statements. (b) Water Services The Ministry of the Environment also provides for the operation of the Townships water supply system. The 1989 charges of $68,921 (1988, $73,915) for this service are included in the consolidated statement of operations. The estimated cost for this service for 1990 is approximately $80,224. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) - 11. PENSION AGREEMENT The Municipality makes contributions to the Ontario Municipal Employees Retirement Fund (OMERS), which is a multi-employer plan, on behalf of 16 members of its staff. The plan is a defined benefit plan which specifies the amount of the retirement benefit to be received by the employees based on the length of service and rates of pay. The amount contributed to OMERS for 1989 was $26,082 (1988, $23,599) for current services and is included as an expenditure on the consolidated statement of operations. 12. COMMITMENTS During 1989 the Township entered into agreements to purchase the following assets: a) Fire Truck A downpayment of $28,900 was made towards the purchase of a fire truck to be delivered in 1990. The balance outstanding amounts to approximately $129,000. b) Land The Township has agreed to purchase two parcels of land fo~ approximately $21,000 during 1990. ...consolidated Statement of Operations Northern Insights- continued from page 5 incomplete evidence, that there is a gap between the volume of for- est we're cutting down every year, and the amount we're regrowing. But we don't know how large that gap is. Instead, we're left with estimates of the size of the "regeneration gap" from lobby- ists. Ata recent hearing in Fort Frances, the President of the Ontario Silvicultural Contractors Association, Grant Brodeur, told the board his association of tree- planting companies estimates the number of seedlings planted every year should be more than doubled, to 375 million a year. However, since Ottawa has not renewed COFRDA. Ontario has had to cap its tree planting pro- graia at 162 million tree seedlings a year. The Green Plan also discusses global warming, ozone depletion, and acid rain, then asks, "What role should nuclear energy and hydro-electric power play in reducing greenhouse gas emis- sions?" The Plan hints, without coming right out and saying it, that nuclear energy and hydro dams are somehow more environ- mentally friendly than burning fossil fuels, like coal. The Plan makes.no mention of James Bay II - the $43 billion, ten year development plan by Hydro 'Quebec to create a lake larger All the world's a proper job down here the C.A.A. would have to have one tow truck for every licensed vehicle on the road. A 1950 model car with both original bumpers is a collector's item in Cuba. All 50's cars. If you have enough to drink and it's late at night you can actually see John Travolta and Olivia Newton John dancing between chopped- down Chevies and singing from Grease (John: "Met a girl crazy for me." Newton John: "Met a boy cute as could be.") All Cuba needs is Danny and The Juniors to qualify for a year-round 1950's dance. And speaking of enough to drink, Murray (here after pro- nounced "Ouch!") showed up at the costume party on the beach wrapped in a bed sheet with a large bouquet of long-stemmed roses protruding from his rear end. Around a crackling bonfire, forty odd Canadians hooted and hollered as each contestant was announced. These are the same people who ride the Toronto sub- way in religious-like silence and flinch when you make eye contact with them. Apparently all Canada needs to display its true personality is unlimited free rum drinks at the bar. moment seized this group (which looked very much like the "before" in an alcohol abuse .com- mercial) when a girl from Scarborough broke into the than Lake Ontario in the middle of northern Quebec that will gen- erate 15 thousand megawatts of electricity. That's enough elec- tricity to power three cities the size of Montreal. Ottawa and Quebec are now locked into a debate over whether James Bay II will be subject to a full public environmental review, a process that will take up to four years. Hydro Quebec wants to start con- struction this summer. Ottawa wants to slow that timetable down, so there would be time to examine problems caused by any hydro dam that's ever been built; mercury contamination, disrup- tion of caribou and bird migra- tion, destruction of spawning beds, shoreline erosion, and silta- tion. The outcome of those negotia- tions will be a good test of Ottawa's political will on environ- mental matter. As well, the deci- sions on James Bay II will likely set a precedent for a similar scheme by Ontario Hydro to build power dams on the Little Jackfish River, north of Lake Nipigon. Robert Connelly of Environment Canada, says the Little Jackfish project will likely come under the federal government's Environmental Assessment legis- lation because it would affect "an international river system, fish- eries, and navigation." Cl FCUS= conta from page 5 Canadian National Anthem and for one hour had each and every person standing at attention and belting out the words of our founding fathers: "...and if that bottle should happen to fall, there'd be ninety-nine bottles of beer on the wall." And some say we are not a nation of patriots. To avoid a rather ugly inci- dent, remember, "Cuba Libre" is a cocktail. The first day at Club tropico I was ordering rum and coke and after he set each drink down in front of me, the bar- tender would say "Cuba Libre" and I would nod and say some- thing like "God Bless Your Mother" but after seven or eight drinks I also started to say "Cuba Libre" and suddenly me and the bartender were drawing attack plans on napkins to go up into the hills and get THE FEDERALES and pretty soon I'm screaming "Cuba Libre" and mooning gov- ernment police and saying things like: "We don't need no stinking badges - WE GOT GUNS!" and "Che Guevara died for our daiquiris!" until finally I was given the choice to go to bed without my dinner or spend seven years in a military jail on the Island of Pines. Remember a "Cuba Libre" is a rum and coke cocktail, not a political slogan. And another great thing about a holiday in Cuba is that there's no tipping. I mean it's legal and they'd gladly accept gratuities - but. we're Canadians, (Pronounced "oy" down here) eh? © On paper, the federal govern- ment's environmental review pro- cess is very stiff. Making James Bay II and the Little Jackfish hydro dams conform to those paper standards would, in theory, either make the projects very "green," or lead to their demise. Similarly, on its recycled paper, Ottawa's "Green Plan" also sounds very tough. But in all these cases, political will is need- ed to make the "Greening" hap- pen. Will Ottawa's actions on these environmental issues end up like me, decked out partly in green, but still sitting in a chair? Let's watch their decisions on COFRDA, James Bay II and Little Jackfish, for answers. Students compete in Sudbury By Angie Saunders The News Three students from Lake Superior High School travelled to Sudbury to compete in the Ontario Federation Secondary Athletic Association (OFSAA) track meet in Sudbury on May 31- June 1. Debbie McDougall, Eric Denomme and Billy Jim Carman who competed in the Thunder Bay NWOSSA (North western Ontario Secondary Athletic Association) on May 23rd and 24th, did very well and advanced to the Sudbury track meet. Each of the students placed in the top ten of the overall stand- ings.