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Chronicle Staff Whether the "iooetie" bin will replace the piggy bank is still too early to say, but when it comes to first impressions of Canada's new ll-sided dollar coin, shoppers and businessmen agree the coin is certainly not going to be accepted overnight. A random selection of merchants and customers at Waterloo Towne Square last Friday prompted all sorts of comments about the bronze-colored coin-with everyone staying away from outright Loonie buck draws mixed reviews from local folks "Et's so light," said a surprised Trish Row- bothun upon her first inspection of the coin. 'at's going to take some getting used to. Right now it looks like a subway token.” Shoppers agreed that the coins, which are decorated with Queen Elizabeth on one side and a loan on the other, would likely end up being a source of annoyance " they accumulated in purses or pockets. praising it. "It's ugly if you ask me," said Monica Czurlok from Dara Shoes. "And I don't think the loan is a good r1arreseatutivtot Canada." . - _ - "And I sure wouldn't want to carry $10 worth of these things around," she added. Ezra Brown, also catching his first glimpse of the coin, thought it looked "rather impressive," but conceded it was going to be a while before he could accept it. - “I don't" dislike it as a coin, but I’ll have a to--ooetrtMtttMP1eAA_t._aB.tr, no! 30mm and to -H t6otrqggtttqr soft" . 24 01 K-W‘e M mm - Each coupon worth up to " tt To receive you: booklet 743-5206 problem with using the coin instead of a dollar bill. It's, going to load my front pockets down," he The Royal Canadian Mint issued 65 million of the seven gram coins last week. They will replace the $1 dollar triirtty the end of 1989: "A lot of the the small independant companies will have large expenditures and I don't believe we're eligible for any sort of government grants," he said. Slightly larger and heavier than a quarter, the new coins are expected to have a life span of approximately 20 years. The lifespan of a $1 bill is approximately nine months. Another shopper said the coin "looks like it should have chocolate inside." The Canadian Imperial Bank of Commerce on King Street in Waterloo received 2,000 coins last Tuesday, and according to senior account manager Dave Banner response has been good. "With the dolla} bill still in ciréulation, the coin is still a novelty. But we certainly haven't had any negative tendon yet/' he said. - - -- For Charles Clinich, president of CC Vending and Catering, the switch to a $1 coin will mean a lot of money going out of the company’s coffers. _ "It's i iitayir expense for is But I understand why the government)' doing it!" he snigi. __ - - (hymen? said it will cosgin the neighborhood of $60,000 to change over approximately 170 vending machines. The $1 bill changer will also be rendered ohsolete, he said. Cenede'e new "htttetkt" buck he drawing both praise and criticism in Waterloo. The “aided coin will replace the $1 bill by the end of 1989. Foaa, "'io.zio, . .As monGIomlNoon "eerrtaetCKFMHoyr Seminar presented in co-operatyyt with: TAX Ci)ljiiiiriEjli, MacKenzie Financial Corporation Flrst Investments Ltd. 105 Lexington ree_1ctettr1errrPfl1rel 200 Holiday Inn Drive _ Ballrooms A, B a. C MONDAY, JULY " - 1:30 9.". (51 9) 746-7066 Monday-Friday 9-5 pm: FREE SEMINAR CAMBRIDGE HOLIDAY INN rTid-lbiiz "The Industrial Group of Funds_" auttt.et-nqdtet Gladwell, a community program coordinator. will serve as ' federal representative on the nine-member authority that manages Ontario Housing CorTtomtimr's was assisted howling units In Elmira. Kitchener, Waterloo and Welles Joyce cliche“ of Elmira In: been appointed tp the North Waterloo [blunt Maturity. __ _ ... Icy. - The dey-to-dey management of OHC’s 84.000 housing units ls carried out by local housing authorities, although the primary responsibility for assisted housing remains with OHC. Unrayal Goodrich appointment. made ' Kenneth J . Maedoetaid, formerly director of engineering, has been appointed director of manufacturing at the Company's South Tire plant on Goodrich Drive. He succeeds Arnold J . Reed who is retiring June 1 following 36 years ser- Two senior management appointments have been an- nounced within Uniroyal Goodrich anada Ins. _ _ Replacing Macdonald as director of engineering is Jerry Sinclair. previously engineering manager at the Company's RMS Machinery division on Strange St. To reserve call - Announcement of business park at 401 Interchange Harry Abicht. president, and Abram Wiebe, chairman of the board of 401 Development Corporation, have announced the opening of an important commercial subdivision at one of Kitcherter's two interchanges with Hignway lol. - _ Nearly a years of land ownership and planning culminated in 1986 when Abicht and Wiebe toy?” with a group of local professional and business people ormed the development company. 401 Development Corporation is developing some 54 acres of commercial land in two separate subdivisions, both west of Conestoga College and within the northwest quadrant of the Homer Watson Blvd. - 401 interchange. Grading is completed in the east-subdivision off Homer Watson Blvd. and has commenced this week on the west-subdivision off New Dundee Road. Both areas will be serviced with full city services, with completion scheduled for the fall of 1m. "rs/zoning permits highway-traffle-oriented uses, notably hotel, motel, restaurant, service station, offices, some retail, warehousing, wholesgle and many otheljs. A 7 The' commercial-east-subdivision, cdmprising some 34 acres, is sold out. 7 7 A _ _ _ 7 _ Another major developer of industrial and commercial projects, Wiebe Property Corporation Ltd., has purchased a lo-acre block and is proceeding immediately on the planning of a prestige multi-building office, retail and industrial complex. Fodr developers are planning a variety of hotel, motel, restaurant, service station, business park and office proJ- One of the elements of the plan is a European-style Inn or "Gasthaus, the guest rooms of which would be individually furnished with antiques and local-style tumitye." - A Topics will include: Investment Strategies under Tax Reform Increase your wealth and Retire Rich Invest $100,000. take $198,000 and have more than $2 million left Higher yields on RRSP's Retirement Income options (RRIF's vs. Annuities)