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© 2 ansg Curkh 6 N tada22 a > pere® aeas Fov e kh on ds 6x £ PAGE 6 â€" waTERLOO CHRONICLE, WEDNESDAY! APRIL 14, 19867 frder wi interest. 2. An inte 2. An interest reduction grant on bnkse Dmm‘;mw floatingâ€"rate loans and short term, Duhcan Allan. Deputy Minister or more, of the following options: Assistance Program, Queen‘ 1. Deferral of interest by the lender _ TOronto, Ontario M7A 1B7. on loan(s) for a period of six months backed by a Provincial 2. mnae. During this time, the Ministry of will not compound the Agriculture and Food interest @ Ontario 5 â€"An intarmil Fnth i Hray rrart m Proadhitalindretediintizndiy We‘ve broadened the e for the 1982 Farm Adjustment Am Program so we can help more farmers. e tavars 60%. Present interest and principal payments must exceed 20% of For farmers facing financial difficulties, the program offers financial assistance and financial management counselling. BROADENED ELIGIBIUTY The farmer must have equity in the farm business of between 1080 and a new upper limit of not more than The total value of food or tobaceo products produced om the farm in 981 has been reduced to $12,000 ONTARIO FARM ASSISTANCE PROGRAM EXPANDED You may now APPLUCATIONS For further information on this see your lender;, or visit an OMAF county office; or write 1982 Farm Assistance Program. Queen‘s Park, Toronto, Ontano M7A 1B7. fixedâ€"rate loans for operating %::pose:.onlylotupto 12 months. maximum grant will be 5 percentage points. Loans may be reduced to a level as low as 12%. 3. An additional line of credit for operating purposes only, guaranteed by the Province of Ontario. This new credit would be provided by the lender at the prime rate for up to 12 months. Current income, which comprises mostâ€" ly Ontario government operating grants and tuition fees, will inâ€" crease by 15.8 per cent to $26,436,889. Grants per student will be up by approximately 10.1 per cent, which is less The budget was recâ€" ommended to the uniâ€" versity‘s board of govâ€" ernors yesterday by Abram Wiebe, chairâ€" man of the finance committee of the board. Wiebe noted this is the 23rd consecutive year that WLU will have been in the black. Tuition fee increases of 15 per cent and expected higher enrolâ€" ments have heiped Wilâ€" frid Laurier University to budget for a small current surplus of $3,063 for 1982â€"83. Waterioo council deâ€" cided Monday night to grant a «request from Waterloo Square operations manager BUDGET FINALIZED Council approves free Founder‘s Day parking Because, for once, people who park in the cityâ€"owned Waterioo Square lot, won‘t have to monitor their watches to avoid breaking the twoâ€"hour parking restrictions. Visitors to uptown Waterloo will have a pleasant surprise if they come into the core to shop and celebrate on May 27, the city‘s Founder‘s Day. WLU again has surplus â€" 23rd year in the black Michele Charies, 14, a Grade 9 student at St. John‘s School, Watericoo Campus, examines a serum she produced as part of her exhibit on antibody production â€" one of 125 entries in the school‘s annual science fair held last Thursday. Winners of the school competition will be eligible to move on to compete in the Waterlooâ€"Wellington science fair, which opens tomorrow. YOUNG SCIENTIST Operating expenses will increase by 15.9 per cent to $26,433,826 in order to provide for anticipated salary adâ€" justments and modest increases in personnel to accommodate the higher enroiment. Fee changes have been kept to three per cent above the 12.2 per cent increase in stanâ€" dard (formuila) fees announced for all uniâ€" versities by the Ontario government in Februâ€" ary. The per student grant and fee changes plus a forecast enrol ment increase of 4.6 per cent will bring Laurier‘s total income up by 15.8 per cent. Consequently, the university has raised tuition fees by an average of 15 per cent to maintain its finan cial stability. * than the anticipated rate of inflation. This, Dinelle said, will "encourage people to attend the ceremoâ€" nies and hopefully enâ€" courage them to reâ€" main uptown and enjoy the fine shops and serâ€" vices available to them." ~If there is ever a day in our city‘s histoâ€" ry to relax the regula tiqns," argued Mayor Marjoric Carrolli. By Chronicle Staff Writer Ron Dinelle that lot Founder‘s Day is it parking be unrestrictâ€" *‘*We should opei ed to promote the up and let people maill‘s Founder‘s Day their thing said sale. mavor. This year $112,000 of the operating fund surâ€" plus is appropriated for the establishment of an office of development Interest income on investment of the uniâ€" versity‘s accumulated surpius from prior years is expected to be $995,000. The addition of this interest income to current revenues produces an operating fund surplus of $998,063 in 1982â€"83 â€" which rep resents 3.8 per cent of Laurier‘s operating exâ€" penses . As well, the budget provides $119,000 for special renovations to comply with a governâ€" ment‘s safety inspecâ€" tion report, new equipâ€" ment worth $87,000 and $250,000 for funding part of a pension plan deficiency expected to materialize late in ‘"My main interest," said Thomas, is to ‘"provide parking acâ€" commodation for as many people as possiâ€" ble on Founder‘s Day *‘*We should open it up and let peopie do their thing said the mayor. Ald. Doreen Thomas and Ald. John Shorâ€" treed rejected the idea saying that rather than encourage activity in the uptown, opening up the lot will discourage iL. (Photo by Melodee Martinuk ). Room and board fees are going up by an average of 17.4 per cent in order to accommo date cost increases and reduce previous defi cits in these areas. The deficits appeared over the past two years when the growth in room and board fees lagged behind inflation rates . Laurier‘s ancillary enterprises will operate at a modest deficit because of the extraâ€"ordinary cost of replacing a boiiler in one of the student resi dences. and alumni affairs to assist in completing the university‘s "capiâ€" tal fund raising" camâ€" paign to establish an onâ€"going annual fund raising activity, and to assist alumni organiza tions. The campaign aims to raise $6.2 milâ€" lion dollars. Ald. Richard Biggs agreed, saying "it‘s a special day. Why don‘t we get in the spirit of things ... quit being so miserable." Carroll conceded that relaxing parking restrictions on Foundâ€" er‘s Day could cause extreme conjestion. but said, "if it‘s packed with people, I think it‘s great, especially for Founder‘s Day." ... to jam the lot at 10 a.m. with cars that remain in the lot all day won‘t do that."