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4 NORTH LEEDS lAlTERI DECEMBER 1992 Garry Beckman STEAMSHIPS AND STEAM SHOVELS The caption evokes fond memories of workhorses of a bygone industrial era. It recalls the prime roles of these economic engines of times past. For an investor it may have been a worthwhile investment to have been a shareholder of companies which connected continents and moved earth. In those times it also worthwhile for a merchant seamen or a heavy eQUipment have engaged in employment in companies operating machines; exchanging time and talent hopeâ€" a lifelong pension. was operator to productive these for a fully, But where are these compaâ€" that utilized these romantic They have ceased to exsist as viable corporâ€" ate entities or, indeed, as viable industries. Times change. Careerists and must continually and react to Foresight is Yet the failing paycheque and, nies machines? virtually and circumstances investors monitor change. uncommon. consequences of to do so may mean an obsolete industry; a pink slip; company shares that erode in value. I, for one,have followed the writings of several thinkers on contemporary economic change. One economist of note is Nuala Beck. She seems to be able to make meaningful findings and is able to translate the information into useful trends. For lay people, like you and me, it means understandable and actionable information. Recently, I had the priviâ€" ledge of listening to Nuala Beck speak on the erconomic realities of today. The work in this field, copyrighted as "The New Economy",by herâ€" self and her company, Nuala Beck and Associates, Inc. of Toronto, is must information. It must be understood by investors, financiers, employers, bureaucrats, those starting careers, those at midâ€" career points, career counsellors, etc. In other words, the New Econâ€" omy Concept is a reality that must be understood by those who wish to remain employed and those who want to be employed. It will be sorry reading for those who are destined to be unemployed. If you consider that David Chilton‘s popular book, "The Wealthy Barber", was 'cream for the cat’,Beck's thinking about the new economy would be the fourlegged creatures that supply the milk! Basically, Beck says that there are "four engines" in the new economy: comâ€" puters and semi~conductors, health and medical; commun- ications and telecommunâ€" ications? and: instrumen‘ RELIA £533 BOARD ELECTS DIRECTORS FOR THE 1993 SEASON tation. Th. 1 DI _ â€" "h vides startlin 13 Year S e ta Fair concluded just three mont 5 ago but at its She I Bro h 9 Annual General Meeting on October 24th., the Delta Agricultural StatlStlcs abOUt t e econâ€" society, which is responsible for staging the annual farming omic realities that many exhibition, was already making plans for the 1993 fair. of us have sensed but A board of 25 elected directors, 19 associate directors and 5 junior directors will organize the 163rd. Anniversary Edition to be held from Sunday, July 25th. to Wednesday, July 28th. of next year. lack in tools or abilities to measure. Interestingly, Beck says that there are three ways to grow in an economy: be an Engine, be their supplier, or use their Technology. Beck figures that indus- trial and corporate change can be measured by a new Officers for next year's fair include Chuck Calway, president; Bob Green, lst. vice-president; Marie Flood,2nd. viceâ€"president; William Morris,secretaryâ€"manager, and Clara Townsend,treasurer. At the October 17th. district meeting of the Ontario Association of Agricultural Societies, two Delta Fair directors were elected to positions of responsibility. William Morris was elected as 2nd. Vice-President of the Ontario Association of Agricultural set of financial ratios. Sgciztifis “hilg Céara Townsgnd “:5 Sleeted as 2nd- Vice-Chairperson o e omecra t ommittee or t e istrict. This recent meeting She has’ for example’ was conducted in Almonte. eStabliShed abOUt two w dozen new ratios â€"â€"â€" all of them trademarked. The knowled e Ratio for _ ' eyamfie "magmfislmeMMge On behalf of the "Food Bank" organization of jfitmmiéy in indumxies Bastard and South Burgess, we wish to thank and professions Computer all the local organizations and indiViduals services, for example, who so iihdly gave donations of food and money has a high level of knowâ€" during 8 pas Year- led e intensit . M barberâ€" , , , flw: on theyouér hand We certainly have many kind people, and live has Qnute a low level' in a Community where concern is shown so that ' all our residents are cared for and provided Beck states that Smart , . . . With food and other health serVices. Industries Simply have high IQs! . I . , . , Our "Food Bank' is ongOing all year and With The message for investors . . your generous contributions, we are able to d th 'r dollars accord n . . . . . an el 1 g prOVide aSSistance as the Situation arises. to Beck is: "what percenâ€" f ' . . tagef :f your mpg“ Ell: Again, our "Sincere Thanks" and may everyone an ljure grow 15 16 have a Joyous Christmas and a Happy, Healthy, to the old economy that 1993. is decline?" We are closing in on the The office staff of Bastard and South Burgess. midâ€"1990's. Do you have any idea-'as an investor' Shirley, Jane, Barb, Barb as an employer, as an employeeâ€"â€"as to what is growing and what is not? At the outset steamâ€"powered machines were highlighted. If you wish to work with these today, you would find yourself in museums.Is your investment profession headed for obsolescence? Is your investment portfâ€" olio structured for today's realities; tuned to tomorâ€" row's economy? In November 1992 a new book by Nuala Beck wil be available. Published by Harper Collins, it is titled "Shifting Gears: Thriving in the New Econâ€" I , ' omy" . I suspect that S it will be must reading. There is an adage that MERRY CHRISTMAS AND BEST WISHES FOR says that many wait for A their ship to come in; but,in fact, have never COUNCIL AND STAFF OF allowed it to leave port! BASTARD 6. SOUTH BURGESS TOWNSHIP Is the 'steam up' in your investment portfolio? Office hours for the holiday season **HHHHHHHHHHHH Dec. '24, 1992 - 8:30 - 12:00 Garry Beckman is a finaâ€" DeC- 25, 1992 â€" CLOSED ncial Advisor with Midland Dec- 28, 1992 ' CLOSED Walywn Capital Inc.,Ottawa Jan. 1: 1993 ‘ CLOSED (613) 239-2904 at 1â€"800-267â€" branch at or tollfree Waste Disposal Hours for the holiday season 9345. Dec. 24, 1992 â€" Delta 8:30am - 4:30pm Dec. 25, 1992 â€" CLOSED Dec. 26, 1992 - CLOSED Dec. 28, 1992 - Delta 8:30am - 4:30pm Dec. 29, 1992 - Portland 8:30am - 4:30pm Dec. 31, 1992 - Delta 8:30am - 4:30pm 1, 1993 â€" CLOSED