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Waterloo Chronicle (Waterloo, On1868), 9 Sep 1992, p. 7

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There are all a room. Soon there will be one at Kâ€"W call to mind is hardly a ion hand of the of ways of i Man River some of the 4 TN it company‘s :assets and thminwdttomumwhd the company‘s debts as possible. Michael Creber, who is a senior Thorne Inc., said last Friday that ‘"In gengral, when dealing with businesses or property owners who are late with their taxes, Card said, "We try tobt: as understanding as we can be. We do try to work with the business." Card said the tax sale process is used only as a last resort. In the vast majority of unpaid tax cases, the City of Waterloo simply charges interest on late payments at a rate of 15 per cent per annum, calculated monthly. In February, Van Dresser Ltd.‘s c_iodita'l appointed the firm of Fir both countries. We are already grossly overâ€" governed with 295 soâ€"called representatives who have absolutely no power to challenge or obstruct the enormous power of the Cabinet. The granting of 25 per cent of Commons‘ seats to Quebec in perpetuity is scandalous considering the For the Canadian Parliament to have 337 memâ€" bers when the U.S."House of Representatives has 435 is ludicrous considering the respective sizes of I am appalled that 10 reasonably intelligent Tould axhibit such joy and eruberance aver a a "dog‘s preniz e """" h ul been described as (Continued from page 1) Van Dresser owes the City of Waterloo, but he was unaware of the city‘s recent actions regardâ€" ing the Waterloo Van Dresser plant. Peat Marwick Thorne is "lookâ€" ing into the options available to it to deal with the real estate and to try and recover proceeds out of the real estate on behalf of all of the creditors. Those creditors, we understand, include the city, for their unpaid real estate taxes," ‘law, the city would be first from the sale of the assets of Van Dresser Ltd., Card said. © Card said that if no one offers to buy the property for at least the amount of tax money owed to the city, the city will receive title to he was aware of the taxes which answer to a package which is so obviously flawed mmmmunwmum- mmummmwim majority of thinking Canadians. To oppose this package is not to become an ";::vh:fc-nm"mmmmm wi mipulmmflkqnnh own stone % § Ifwe,otfheoleqta-m,“l;ommbtotbemming barrage of propaganda and give blanket approval to thi-“polifiullyexpodim"wmmwe ltandinmmndnwd‘ldlhiunity,hu ltl‘l_{wmeoumdvuudfmm city remained relatively stable as well, rising slightly from $1.38 million in 1991 to $1.8 million in million in unpaid property tax 8.8 per cent of total mfl.fi.â€"flulfl year, $5.7 million (7.2 per cent of total billing) in property tax owed the city was outstanding. The amount of (12.1 per cent) business ‘tax dollars owing the While the overall total of unâ€" paid taxes has increased over the past year, Card said the amount owed by Van Dresser is enough to make the overall picture regardâ€" ing unpaid taxes seem far worse than it really is. Card said although unpaid taxâ€" es continue to plague the City of Waterloo, the numbers are stabilâ€" She said the figure of $6.9 wee mene en e e m ee e Epaxtd‘ ‘7.es ‘3.88 ‘2.88 | NEW SUMMER HOURS: MON.â€"TUES. 9â€"6; WED. NOONâ€"8; THURS.â€"FRI. 9â€"8; SAT. 9â€"4 9 LJ SIMPSON‘S FLOORING [A 2 waTERLOo town souare 747â€"1425 Note: Simpeon‘s Flooring has acquired inventory from a store closure pius access to inventory from two other locations, as well as setected factory clearances FINAL CLEARANCE 40% 1o60% OFF ALL SUMMER MERCHANDISE = of Waterloo 28 UNIVERSITY AVE. E. WATERLOO (CORNER OF UNIVERSITY & REGNA) LATEST TRENDS IN HAIRSTYLING & MORE OPEN 6 DAYS A WEEK THURSDAY UNTIL 8:30 theApple Stylist 886â€"2060 VISIT OUR NEW LOCATION Mlflm Petais & Pots (Kichener) Open 8:30â€"4:00 Mon.. Wed., Sat. Open 900530 * _ €20000 Tium. Fi. hi nrutbentiree bres M AERIEL & Cash & Carry _ dise diadls Bunch ol 10 FQ_ S @755 ‘IFOtS Inc. Y, SEPTEMBER 9, 1992 â€" PAGE 7 570â€"3380

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