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_VOL 11, NO. 38 SERVING THE DISTRICT SEPTEMBER 26, 1968 1.D.B. MEMBERS VISIT COMMUNITIES In October, members of the Industrial Deve lop- ment Bank staff will visit Dryden, Sioux Lookout, Kenora, Geraldton, Manitouwadge, Terrace Bay and other Northwest communities. The purpose of these visits is to meet with businessmen who are in- terested in obtaining financing from 1.D.B. Similar visits to most of these communities will be made every two or three months. Industrial Development Bank was established by and is an agency of the Federal Government. Its purpose is to make term loans to every type of busi- ness where the proposal .is sound, and where suitable financing is not available elsewhere on reasonable terms and conditions. ; Firms and individuals seeking information or de- siring an interview may apply to Industrial Develop- ment Bank, Fort William. FORMER SCHREIBER PRINCIPAL APPOINTED SUPERVISING PRINCIPAL E.E. Forgues, M.A. Principal of Schreiber High School from 1965 to 1967, has been appointed Sup- ervising Principal for the Hearst High School Board. The Board operates three secondary schools in Hearst Mr. Forgues' duties now include the supervision and administration of Hearst High School, Le Collage de Hearts, and L'Academie St. Joseph. On January 1, 1969, these duties will be further extended to cover the supervision of the local public schools as well. Mrs. Forgues, who also taught for Schreiber High School Board, is also employed by the Hearst High School Board as a counsellor and teacher of commer- cial subjects. Other teachers who formerly taught at Schreiber High School are also employed at the (Cont'd on page 4) INVEST IN CANADA Again this. year, Canadians in all walks of life will _ be encouraged to "invest in Canada" by purchasing the new 1968 series of Canada Savings Bonds which will go on salé early in October. During the ensuing six weeks, hundreds of sigusdhids! of employees in factories, offices and other establish- ments throughout the country will be able to purch- ase them through the payroll savings deduction plan. Since Canada Savings Bonds were first offered in 1946 they have become one' of Canada's most popu- lar personal investments. There have been more than' _28-million individual purchases with a total value of nearly $21 1/2- billion. Of the total purchases, a- bout 14 1/2-million CSB's were bought through payr roll savings, with a value of $4.3 billion. A growing number of industries and companies' have instituted the payroll savings plan for their em- ployees as an easy and convenient way of buying Canada Savings Bonds, and also as an incentive to invest in the future of the country. The employee simply places an order with his employer for the a- mount of bonds he wishes to purchase. Each month, a specific amount of money is deducted from his sal- ary or wages to pay for the bonds. These payments can be extended over a 12-month period. Most Canadians have a special objective for in- vesting their money. It may be a cherished future project such as buying a home, a business or farm, getting their children launched on a university edu- cation, or preparing for a more comfortable life af- ter retirement. An attractive feature of Canada Savings Bonds is the fact that they can be cashed at any time by the holder at any bank in Canada for their full face value plus earned interest. The new series of bonds will repay two and one- Cont'd on page 4