1RWLFHERDUG
5HFLSHERRNIRUVDOH +LILDPSOLILHUDQGWXQHU &RQWDFWV ZDQWHG :HDUHD 7RDGYHUWLVHIUHHRIFKDUJHRQWKLVQRWLFHERDUG ORFDOORZYDOXH &RQWHQWV QRQFRPPHUFLDOLWHPVRQO\²DGYHUWVLQFOXGHGDWWKHHGLWRUV· GLVFUHWLRQ SOHDVHHPDLOHGLWRU#ZDUJUDYHQHZVFRXN %RURXJK&RXQFLOORUV &KXUFKQHZV &UD]LHV+LOODQG&RFNSROH*UHHQ (DUO\\HDUVDQGVFKRROV $OORSLQLRQVH[SUHVVHGDUHVWULFWO\WKRVHRIWKHLQGLYLGXDODXWKRUV (OL]DEHWK&RXUW :KLOHHIIRUWLVPDGHWRHQVXUHWKHDFFXUDF\RILQIRUPDWLRQSULQWHGWKH *XLGLQJDQG6FRXWLQJ± HGLWRUVGRQRWDFFHSWUHVSRQVLELOLW\IRUWKHFRQVHTXHQFHVRIDQ\HUURUVRU +DUH+DWFKDQG.LOQ*UHHQ RPLVVLRQVWKDWPD\RFFXURUIRUSURGXFWVRUVHUYLFHVDGYHUWLVHGLQWKLV ,Q%XVLQHVV ± QHZVOHWWHU7KH:DUJUDYH1HZVUHVHUYHVWKHULJKWWRUHVHWRUDOWHUHLWKHU /LEUDU\QHZV SDUWRUDOORIDQ\DUWLFOHOHWWHURUDGYHUWLVHPHQWVXSSOLHG7KHSXEOLFDWLRQRI /LIHVW\OH 2ELWXDULHV DUWLFOHVOHWWHUVDQGDGYHUWVLVDWWKHGLVFUHWLRQRIWKHHGLWRUV*XLGDQFHIRU 51/, FRQWULEXWRUVDQGDGYHUWLVHUVLVDYDLODEOHDWZZZZDUJUDYHQHZVFRXN1R 5R\DO%ULWLVK/HJLRQ SDUWRIWKLVSXEOLFDWLRQPD\EHUHSURGXFHGLQDQ\IRUPZLWKRXWWKHSULRU 6SRUW± SHUPLVVLRQRIWKHHGLWRUV$OOLQYROYHGLQWKHSXEOLFDWLRQRIWKH:DUJUDYH :,QHZV 1HZVDUHXQSDLGYROXQWHHUV:DUJUDYH1HZV 2 ,PSRUWDQWLQIRUPDWLRQ 1HZVIURP:8* DERXWWKH3RVW2IILFHDW *:5ILQGVQHZZD\VRIGLVDSSRLQWLQJ:8**(56 9LFWRULD1HZV ,I\RXHYHUWKRXJKW*:5KDGJRWOHVVWKDQDFRPSOHWH JULSRQUXQQLQJDUHOLDEOHDQGSXQFWXDOUDLOZD\ VHUYLFHDQHPDLO:8*UHFHLYHGRQ$SULOIURP 'XHWRDQRQJRLQJOHJDOEDWWOHZLWK3RVW2IILFH/LPLWHG 0DUN+RSZRRG*:5¶VPDQDJLQJGLUHFWRUZLOO &KULV.HDVWKDVEHHQOHIWXQDEOHWRUXQKLVRZQ FRQILUP\RXUZRUVWVXVSLFLRQV EUDQFK:HZRXOGOLNHWRSXEOLFO\WKDQN1RUDK+ROGHU IRUVWHSSLQJLQDVWHPSRUDU\VXESRVWPLVWUHVVWR 5HSO\LQJWRDQHPDLOIURPPHRQEHKDOIRI:8**(56 HQDEOHWKHEUDQFKWRVWD\RSHQ DERXWWKHGUHDGIXOPRUQLQJDQGHYHQLQJSHDNVHUYLFH GHEDFOHVRQ)ULGD\$SULO0U+RSZRRGZURWH 'XHWR1RUDK¶VXSFRPLQJKRVSLWDOVWD\DQGUHFRYHU\ SHULRGZHDUHIRUFHGWRFORVHWKH3RVW2IILFHFRXQWHU µ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µ 3KRWRFRXUWHV\RI/DXUD*ULIILQ 3 &ĞƐƚŝǀĂůŽĨDƵƐŝĐ &ƌŝĚĂLJ͕ϮϵƚŚ:ƵŶĞϮϬϭϴ͘WŝŐŐŽƚƚ^ĞŶŝŽƌ^ĐŚŽŽů͕Ăƚϳ͘ϯϬƉ͘ŵ͘ WŝŐŐŽƚƚ^ĐŚŽŽůŚŽŝƌ 'ůĞĞŚŽŝƌ hŬƵůĂĚŝĞƐWůƵƐKŶĞ dŝĐŬĞƚƐάϭϱ;άϭϬĨŽƌƵŶĚĞƌϭϲͿ͘ǀĂŝůĂďůĞĨƌŽŵ͗ ǁǁǁ͘ƚŝĐŬĞƚƐŽƵƌĐĞ͘ĐŽ͘ƵŬͬǁĂƌŐƌĂǀĞͲƌďůŽƌϬϳϳϰϳϬϯϭϰϰϬŽƌϬϳϴϵϵϵϱϱϱϯϴ dŚŝƐĞǀĞŶƚŝƐƐƉŽŶƐŽƌĞĚďLJtĂƌŐƌĂǀĞƌĂŶĐŚ͕ZŽLJĂůƌŝƚŝƐŚ>ĞŐŝŽŶ͕ĂůůƉƌŽĐĞĞĚƐǁŝůůŐŽƚŽǁĂƌĚƐƚŚĞ ϮϬϭϴWŽƉƉLJƉƉĞĂů͘ZĞŐŝƐƚĞƌĞĚŚĂƌŝƚLJEƵŵďĞƌ͗ϮϭϵϮϳϵ͘ 4 :DUJUDYH&RPPXQLW\ :DUJUDYH*DUGHQHUV¶&OXE &KRLUWRSHUIRUPDWWKH &RDFKWULSWR%OHQKHLP3DODFH)ORZHU6KRZRQ +HQOH\)HVWLYDO )ULGD\-XQH %RRNLQJ12:± FOXEPHPEHUV 2XU:DUJUDYH&RPPXQLW\&KRLULVQRZPRQWKVROG &RQWDFW:HQG\/XFNZHOORQ DQGLVEXV\UHKHDUVLQJIRULWVQH[WSXEOLFSHUIRUPDQFH 5RVHVDOOWKHZD\ ZKLFKLVRQ6XQGD\-XO\DWWKH+HQOH\)HVWLYDO¶V )DPLO\'D\&KRLUPHPEHUVKRSH\RXFDQJRDORQJWR $ODQ*RROGRI+HQU\6WUHHW*DUGHQ&HQWUHEURXJKW VXSSRUWWKHP KXPRXUKLVWRU\DGYLFHH[SHUWLVHLQVLGHLQIRUPDWLRQ DQGGLVFRXQWHGURVHVWRWKH:DUJUDYH*DUGHQHUV¶&OXE 7KH\ZLOOEHSHUIRUPLQJDWDPRQWKHIDEXORXV 0DUFKPHHWLQJ IORDWLQJVWDJH)DPLO\WLFNHWVZKLFKDOORZILYHSHRSOH HQWU\ RQHPXVWEHXQGHU DUH DQGFDQEH +HQU\6WUHHWZDV$ODQ¶VJUHDWJUDQGIDWKHU+H SXUFKDVHGIURPWKH+HQOH\)HVWLYDOZHEVLWH HVWDEOLVKHGWKHEXVLQHVVLQWKH VDQGLWLVQRZWKH ODUJHVWURVHSODQWJURZHULQVRXWKHUQ(QJODQGZLWK 7KHUHLVVWLOOWLPHWRMRLQLQWKHIXQ7KHFKRLUPHHWVRQ RYHUURVHYDULHWLHVDQG SODQWV 7XHVGD\VIURPSPWR SPDWWKH5REHUW3LJJRWW 5RVHJURZLQJLVKLJKO\FRPSHWLWLYHDQG+HQU\6WUHHW &RI(,QIDQW6FKRROLQ%HYHUOH\*DUGHQV7KHUHDUHQR *DUGHQ&HQWUHKDVZRQILYH+DPSWRQ&RXUW)ORZHU DXGLWLRQVDQGHYHU\WKLQJ\RXQHHGWRMRLQLQLVSURYLGHG 6KRZJROGPHGDOV 0RUHWKDQORFDOUHVLGHQWV±PHQDQGZRPHQRIDOO 5RVHVDUHSRSXODUIORZHUVEXWDUHWKH\SHUKDSVWKH DJHV±PHHWHYHU\ZHHNH[FHSWGXULQJWKHVFKRRO PRVWGLIILFXOWWRJURZZHOO"$ODQGHVFULEHGWKH KROLGD\V7KH\DUHOHGE\WKHLUPXVLFDOGLUHFWRU-RQQ\ FKDUDFWHULVWLFVDQGKDELWVRIEXVK FOLPELQJDQG )LW]SDWULFN0DQ\PHPEHUVVD\LWLVWKHKLJKOLJKWRI UDPEOLQJ DQGVKUXEURVHVDQGJDYHH[DPSOHVRI WKHLUZHHNDVWKH\DUHJXDUDQWHHGWRKDYHODXJKHG IDYRXULWHV+HUHFRPPHQGHGFKRRVLQJYDULHWLHVLQWKH DQGKDGIXQIRUDQKRXUDQGOHDYHWKHVHVVLRQ VXPPHUDSSUHFLDWLQJWKHDSSHDUDQFHDQGIUDJUDQFHRI IHHOLQJUHMXYHQDWHG WKHURVHVZKHQWKH\DUHLQEORRP 1HZPHPEHUVDUULYHHYHU\ZHHNVRLI\RX¶UHWHPSWHG 5RVHVVROGLQFRQWDLQHUVFDQEHSODQWHGDWDQ\ WRWU\DIUHHWULDOVHVVLRQZLWKWKHP\RXZRQ¶WEHDORQH WLPHDQGWKHFKDQJHLQWKH VIURPWKHVDOHRI EDUHURRWPDLORUGHUSODQWVWRWKHOHLVXUHO\YLVLWVWR :DUJUDYH&RPPXQLW\&KRLUVXSSRUWVORFDO\RXQJ JDUGHQFHQWUHVWKDWVRPDQ\RIXVQRZHQMR\KDV PXVLFLDQVE\IXQGLQJVXEVLGLVHGPXVLFWXLWLRQWRORFDO UHYROXWLRQLVHGWKHEX\LQJDQGVHOOLQJRISODQWV$ODQ IDPLOLHVLQQHHGWKURXJKWKHLUIRXQGHU¶V:DUJUDYH GHPRQVWUDWHGSUXQLQJDQGJDYHXVYHU\KHOSIXO PXVLFEXVLQHVVZZZPXVLFDQGPHRUJXN LQIRUPDWLRQDERXWSRVLWLRQLQJSUHSDUDWLRQIRUSODQWLQJ 7KHFKRLUKDVDJUHDWZHEVLWHZKLFKLQFOXGHV WUDLQLQJIHHGLQJVSUD\LQJDQGFRPSDQLRQSODQWLQJ UHKHDUVDOGDWHVUHFHQWYLGHRVDQGORWVRISLFWXUHVDW :KDW¶VLQDQDPH"%HDULQPLQGWKDWWKHQDPHVWKDW ZZZZDUJUDYHFRPPXQLW\FKRLUFRXN JURZHUVJLYHWKHLUURVHVDUHLQWHQGHGWREHVHGXFWLYH $OWHUQDWLYHO\\RXFDQFRQWDFWPHE\HPDLOLQJ 7KH+HQU\6WUHHWURVHFDWDORJXHOLVWVPRUHWKDQ LQIR#ZDUJUDYHFRPPXQLW\FKRLUFRXN URVHVIRUVSHFLDORFFDVLRQVDQGµURVHRIWKH\HDU¶IRU LV/RYHVWUXFN,WKDVDPRGHUDWHVFHQWWKH\VD\ .LUVW\$QGUHZ 5 A FAMILY BUSINESS SINCE 1826 HENLEY 01491 413434 READING 0118 957 3650 MAIDENHEAD 01628 565 745 ALSO AT BRACKNELL, THATCHAM , WOKINGHAM & CAVERSHAM THE FUNERAL PEOPLE TRADITIONAL AND CONTEMPORARY FUNERAL SERVICE DIRECT CREMATION & BEREAVEMENT CARE WWW.ABWALKER.CO.UK SELECTED Independent FUNERAL HOMES ZtĂƌŶĞƌ'ĂƌĚĞŶĂŶĚ ƐƚĂƚĞDĂŝŶƚĞŶĂŶĐĞ ƐƚĂďůŝƐŚĞĚϭϵϵϱ͘WƌŝǀĂƚĞĂŶĚĐŽŵŵĞƌĐŝĂůƉƌŽƉĞƌƟĞƐ YƵĂůŝĮĞĚĂŶĚŝŶƐƵƌĞĚ͘ůůŐĞŶĞƌĂůŵĂŝŶƚĞŶĂŶĐĞ ŝŶĐůƵĚŝŶŐůĂǁŶƐĐĂƌŝĨLJŝŶŐĂŶĚŚĞĚŐĞƉůĂŶƟŶŐ͘EŽ ŐĂƌĚĞŶƚŽŽďŝŐŽƌƚŽŽƐŵĂůů͘WƌŽĨĞƐƐŝŽŶĂů͕ƌĞůŝĂďůĞ͕ ĞĸĐŝĞŶƚ͘ĂůůĨŽƌĂĨƌĞĞƋƵŽƚĞ͘ ƌǁĂƌŶĞƌŐĂƌĚĞŶΛŚŽƚŵĂŝů͘ĐŽŵ ϬϳϵϭϳϭϮϯϵϳϬϬϭϰϵϭϲϰϬϳϱϵ ͲͳͳͺͻͶͲ ͵Ͳ͵ʹ 3ULYDWH3K\VLRWKHUDS\ at Wargrave GP Surgery Registered with all major healthcare providers Book online at www. tandable.co.uk or call 07720 933 192 For more information email info@ tandable.co.uk 6 /LIHVW\OH 6KHGGLQJWKDWOD\HU 3K\VLRPDWWHUV« ,W¶VWKDWWLPHRI\HDUDJDLQZKHQWKH $YRLGLQJLQMXU\IRU HYHQLQJVDUHJHWWLQJORQJHUWKH WHPSHUDWXUHLVULVLQJDQGZHVWDUWWRVKHG IDLUZHDWKHUJDUGHQHUV VRPHOD\HUV,WLVDOVRDSRSXODUWLPHIRU PDQ\WRIRFXVRQDOLWWOHZHLJKWORVV 7KHILUVWVLJQRIWKHVSULQJVXQVKLQHHQFRXUDJHVPDQ\ EHIRUHWKDWVXPPHUKROLGD\7KLVPRQWK, RIXVRXWLQWRWKHJDUGHQWRWDFNOHWKHQXPHURXVMREV WKRXJKW,ZRXOGVKDUHDIHZWLSVRQKRZWRDFKLHYHWKLV WKDWKDYHEXLOWXSRYHUWKHZLQWHUPRQWKV &XWWKHFDUEV ,I\RX¶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¶VULJKWKDQGPDQIRU EHDSSHDOLQJWRDOODJHFDWHJRULHV ORJLVWLFV RWKHUZLVHORYLQJO\UHIHUUHG DQGWKDWFDQEHWUDQVODWHGHDVLO\ WRDVµ7HQWVDQGWRLOHWV¶ LQWRVLPSOHFRVWXPHVDQGWKHPHG YHQXHGHFRUV :HDOVRVDLGJRRGE\HWRDIHZ VWDOZDUWVZKRGHFLGHGWKH\¶YHGRQH ,VWKHUHDQHYHQW\RX·GOLNHXV WKHLUSHQDQFHDQGDUHJRLQJWR WRUXQ" :DUJUDYH)HVWLYDO RIIWRD SXUVXHRWKHULQWHUHVWV *UDKDP ,I\RXKDYHDQ\JRRGLGHDVIRUD JRRGVWDUW -RQHV'DYH6PLWKDQG&DUROLQH QHZHYHQWOHWXVNQRZ7KHJROGHQ :H¶YHKDGDJRRGUHVWIURPWKH +RSNLQVRQKDYHVWRRGGRZQZKLOH ROGLHVZLOODOZD\VEHWKHUHEXW RQHVRRQ$SULODQGIXOORI /LVD7D\ORULVWDNLQJDVDEEDWLFDO WKHUHPD\EHVRPHWKLQJGLIIHUHQW HQWKXVLDVPZHVWDUWHGJHWWLQJWR :HZRXOGOLNHWRWKDQN\RXKHUHIRU \RX¶GOLNHWRVHHRQWKHVFKHGXOH JULSVZLWKRUJDQLVLQJWKH DOOWKHH[FHOOHQWVHUYLFHVDQGPDQ\ :H¶GOLNHWRKHDUDERXWDQ\WKLQJ :DUJUDYH)HVWLYDO:H¶UHYHU\ PDQ\KRXUV\RXJDYHWR)HVWLYDOV QHZDQGOLNHO\WRVXFFHHGEXWZH OXFN\WKDWDORWRIWKHH[SHULHQFHG SDVW,W¶VEHHQYHU\PXFK ZRXOGSDUWLFXODUO\OLNHVRPHPRUH PHPEHUVRIWKHODVW)HVWLYDOWHDP DSSUHFLDWHGE\WKHFRPPLWWHHDQG DFWLYLWLHVWKDWWKHWHHQDJHDJH KDYHGHFLGHGWRVWD\RQ7KH\PXVW WKHYLOODJHDVDZKROH JURXSFDQMRLQLQZLWKRUZKHUH HQMR\GRLQJLW:H¶YHDOVRUHFHLYHG :KHQLVLW" WHHQDJHNLGVFDQMRLQWKHLUSDUHQWV DQLQMHFWLRQRIVRPHQHZEORRGWR 7KHQH[W:DUJUDYH)HVWLYDOZLOOUXQ IRUDQHYHQLQJ$JDLQHPDLO HQVXUHDVPRRWKFRQWLQXDWLRQRI IURPWR-XQH 7Z\IRUGUR\DOZHGGLQJDQG)$&XSILQDOFHOHEUDWLRQ 9LOODJHUVLQ7Z\IRUGDQGWKH WRPDNHLWDGD\WKDWZLOOVWD\ DQGODGLHVDUHLQYLWHGWRZHDU VXUURXQGLQJDUHDDUHEHLQJJLYHQ LQWKHPHPRU\IRUDORQJWLPH WKHLUEHVWµZHGGLQJ¶KDWDQGER\V WKHRSSRUWXQLW\WRHQMR\ERWKWKH WRFRPH DQGJLUOVWRFUHDWHDFURZQRUWLDUD UR\DOZHGGLQJDQGWKH)$&XSILQDO OLYHRQDJLDQWVFUHHQDVSDUWRID 7KURXJKRXWWKHGD\IRRGDQG 'XULQJWKHDIWHUQRRQWKHUHZLOO EXPSHUGD\RIIXQLQ6W0DU\¶V GULQNZLOOEHDYDLODEOHLQFOXGLQJ EHDFKDQFHWRµKXQWIRUFOXHV¶LQ &KXUFK7Z\IRUGRQ6DWXUGD\ EXEEO\WRFHOHEUDWHWKHZHGGLQJ WKHFKXUFK\DUGDQGZLQDSUL]H 0D\ 3LPP¶VWRVLSORFDO%LQJKDPV 7KHGD\ZLOOHQGZLWKWKH)RRWEDOO 7Z\IRUG7LSSOHEHHUDQGRI $VVRFLDWLRQ&XSILQDOIURP $VZHOODVWKHPDLQHYHQWVWKHUH FRXUVHWHDDQGFRIIHH7KHUHZLOO :HPEOH\6WDGLXPZKHUHWZR ZLOOEHDFKLOGUHQ¶VGLVFRSOXV DOVREHFDNHVDQGVFRQHV WHDPVZLOOEDWWOHIRUWKHULJKWWR HQWHUWDLQPHQWIURP%RQQLHWKH UHFHLYHWKHFXSZKLFKZLOOEH %XEEOH/DG\DQGWKH5HDGLQJ 7Z\IRUG6FRXW*URXSZLOOEH SUHVHQWHGE\3ULQFH:LOOLDP $FFRUGLRQ*URXSDQGD FRRNLQJRQWKHLUEDUEHTXHVRQR SHUIRUPDQFHE\7Z\IRUG¶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¶V&KDSHO:LQGVRU7KLV WR%DOODUGVHVWDWHDJHQWVLQ ZLOOEHIROORZHGE\DOLYHVFUHHQLQJ (QWHUWDLQPHQWLQFOXGHV 7Z\IRUGIRUWKHLUVXSSRUW RIWKH)$&XSILQDOIURP:HPEOH\ FRPSHWLWLRQVDQGSUL]HVIRUDOO %ULDQ5RDFK 9 New Hot Meal Delivery Service We are delivering fresh hot meals to the Wargrave and Twyford area. Sourced ingredients, specially designed vans and fully trained staff mean you get the delicious hot meal you want, when you want it. Wide choice of menu, such as hot roast, cottage pie, chicken curry Free delivery 365 days a year, by trained caring staff No long term contracts, short supply period if required Special diets such as vegetarian or gluten free Texture modified meals for those with swallowing difficulties Accredited to the highest standards of service and food safety. <ŝŶŐƐ'ŽůĚƐŵŝƚŚƐ 'ŽůĚĂŶĚƐŝůǀĞƌũĞǁĞůůĞƌLJƐŽůĚ tĞŵĂŬĞĂŶĚƌĞƉĂŝƌũĞǁĞůůĞƌLJŽŶ ƚŚĞƉƌĞŵŝƐĞƐ ZŝŶŐƐ͕ƉĞĂƌůƐ͕ĞĂƌƌŝŶŐƐ͕ƉĞŶĚĂŶƚƐ͕ ďƌĂĐĞůĞƚƐ͕ďĂŶŐůĞƐĂŶĚĐŚĂŝŶƐƐŽůĚ͘ ŽŵĞĂŶĚƚĂůŬƚŽƚŚĞƉĞŽƉůĞƚŚĂƚĚŽƚŚĞǁŽƌŬ͘ ϱtĂƌŐƌĂǀĞZŽĂĚ͕dǁLJĨŽƌĚZ'ϭϬϵE: For further information contact: 01491 578 758 Email: [email protected] dĞůĞƉŚŽŶĞϬϭϭϴϵϯϰϮϬϲϭ Bridges Hot Meal Delivery Service, Oxford House, Highlands Lane, Henley-on-Thames, Oxfordshire RG9 4PS 10 $ODQ%DLUG (OL]DEHWK&RXUW $PHVVDJHIURP ² EXLOGLQJSURMHFW &RXQFLOORU SDUNLQJ *UDKDP+RZH 6WDUWLQJLQ0D\(OL]DEHWK&RXUWZLOO XQGHUJRH[WHQVLYHEXLOGLQJZRUN WKDWLVSURMHFWHGWRODVWIRUVL[ PRQWKV7KLVDFWLYLW\ZLOO XQGRXEWHGO\SXWWKHVLWHXQGHU FRQVLGHUDEOHSUHVVXUHZLWKD VXEVHTXHQWVTXHH]HRQDYDLODEOH SDUNLQJVSDFH7KH(OL]DEHWK&RXUW PDQDJHPHQWWHDPUHFRJQLVHVWKDW WKHEXLOGLQJSURMHFWFRXOGSHUKDSV OHDGWRVRPHIUXVWUDWLRQIURP YLVLWRUVWRWKHFRPSOH[DQG SRVVLEOHWHPSRUDU\FRQJHVWLRQRQ WKHURDGSDUNLQJDUHDVDURXQGWKH VXUJHU\DQGDVVXFKVHHNWKH XQGHUVWDQGLQJDQGVXSSRUWRIWKH $ODQZDVSOD\LQJKLVFODULQHWDW :DUJUDYHYLOODJHFRPPXQLW\ *DYLQ5R\QRQ¶VIXQHUDORQ0DUFK DQGEHFDPHLOOLPPHGLDWHO\KH¶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±0DUFK DQ\GLVUXSWLRQWRVXUJHU\VWDII IRXU\HDUV DQGSDWLHQWV +RZHYHUKHZLOOEHPLVVHG 7KURXJKZRUNRQWKH5REHUW3LJJRWW GHVSHUDWHO\+HZDVDZHOONQRZQ 7KHWUXVWHHV ,QIDQWDQG-XQLRU6FKRROV¶ ILJXUHLQWKHYLOODJHEHLWSOD\LQJ :DUJUDYHRQ7KDPHV+RXVLQJ *RYHUQLQJ%RDUGRYHUWKHODVW PXVLFHLWKHULQFKXUFKRUZLWKDMD]] $VVRFLDWLRQ \HDUVZRUNLQJZLWK:RNLQJKDP JURXSRQWKHFODULQHWRUVD[RSKRQH %RURXJK&RXQFLOLVQRWDQHQWLUHO\ KDYLQJUHDGPXVLFDW&DPEULGJH QHZH[SHULHQFH+RZHYHUWKHUHLV 8QLYHUVLW\+HDOVRXVHGWRVLQJ 3LFWXUHSX]]OH VWLOOPXFKWROHDUQDERXWRWKHUORFDO WHQRUDQGUDQDFKRLULQ+HQOH\+H LVVXHVDQGKRZWKH\VKRXOGEH DOVRWDXJKWFODULQHWDQGVD[RSKRQH DGGUHVVHG,WKHUHIRUHORRNIRUZDUG LQKLVVSDUHWLPH :KHUHLVWKLV" WRULVLQJWRWKHFKDOOHQJHVZHIDFH LQPDNLQJVXUHWKH1RUWKHUQ +HZRUNHGDW&DYHUVKDP3DUNIRU 3DULVKHVDUHEHVWVHUYHGE\WKH WKH%%&WUDQVODWLQJDQG %RURXJKE\ZRUNLQJZLWKWKH VXSHUYLVLQJWKHPRQLWRULQJRIWKH 3DULVK&RXQFLOVLQSDUWQHUVKLSZLWK 5XVVLDQVHUYLFHVKDYLQJOHDUQW -RKQ+DOVDOORXURWKHUZDUG IOXHQW5XVVLDQGXULQJKLVWLPHZKLOH &RXQFLOORU KHZDVFRQVFULSWHGLQWKH V 5HFHQWO\KHZRXOGEHVHHQZDONLQJ ,WLVDOVRDSSURSULDWHWRVD\WKDWKDG KLVEHORYHGGRJDQGSLFNLQJXS P\ZLIH.D\HEHHQDOLYHVKHZRXOG OLWWHUDVKHZDONHG KDYHEHHQHQWLUHO\VXSSRUWLYHRI DQ\HIIRUWVWRHQKDQFHWKLV +HZDVORYHGVRPXFKE\7HVVKLV ZRQGHUIXOSODFHWKDWZHFDPHWR FKLOGUHQVWHSFKLOGUHQJUDQGFKLOGUHQ OLYHLQZKHQZHUHWXUQHGIURP DQGVRPDQ\IULHQGV $XVWUDOLDLQ 7HVVVD\VDKXJHWKDQN\RXWR ,Q-DQXDU\¶VSDQWRPLPH.DWHULQD HYHU\RQHIRUWKHLUORYHVXSSRUW WKH&DW¶VMREZDVWREHWKHJRRG DQGFDUGVVKH¶VUHFHLYHG,WKDV 6SLULWRI$UDELDDQGVRLQµUHDOLW\¶, EHHQDPD]LQJDQGZRQGHUIXOWR SOHGJHP\FRPPLWPHQWWR NQRZKRZPXFK$ODQZDVORYHGLQ SURPRWLQJWKHZRQGHUVRIWKH WKHYLOODJH :DUJUDYHZDUG /DVWLVVXH¶VSLFWXUHZDVRI 2QHRIKLVPDQ\IULHQGV %HYHUOH\*DUGHQV *UDKDP+RZH 11 i.Plumber PLUMBERS & DECORATORS Showers, Baths, Sinks, Repairs, Cylinders, Immersions, Taps, Washers, Pumps, Bathroom Suites, Toilets, Basins and Radiators fitted. Full interior and exterior decorating. Reliable and clean. Find us on Facebook. [email protected] Phone 07708602442 ̷ Ǥ Ǥ 12 *DYLQ5R\QRQ ± 3RS,Q&OXE ,VGHDWKDOZD\VDVKRFNZKHQLW 2XUUHFHQWRXWLQJZDVWRWKH FRPHV"*DYLQGLHGYHU\VXGGHQO\ :\HYDOH*DUGHQ&HQWUHDW%LQILHOG IROORZLQJDFDUGLDFDUUHVWRQ0DUFK ZKHUHZHKDGDYHU\JRRGOXQFKRI µ6QRZ)ULGD\¶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¶VIDPLO\ $VDIDPLO\ZHPRYHGWR:DUJUDYHLQ FRPSOHWHVWUDQJHUVWRYLOODJH ZKRUDQDEXWFKHU¶VVKRSLQWKH OLIHDQGVRPHZKDWDSSUHKHQVLYH:HQHHGQRWKDYHZRUULHG6W0DU\¶V YLOODJHDWWKDWWLPH3HWHUZDV ZHOFRPHGXVLQVWDQWO\DQGKDVQXUWXUHGXVHYHUVLQFH*DYLQZDVD ZDUPO\WKDQNHGE\0DU\&OLIIRUG PHPEHURIWKH3&&IRU\HDUVDQDPVLGHVPDQSDUWRIWKH3UD\HU 7KHEULQJDQGEX\VDOHZDVPRVW WHDPDQGDFKXUFK\DUGPRZHU,QKLVGHFOLQLQJ\HDUVLWZDVZKHUHZH VXFFHVVIXOZLWKPDQ\GRQDWHG IRXQGVRODFHDQGVDQFWXDU\:HKDYHORYHGOLYLQJµ%\/RGGRQ¶DVLWXVHG LWHPV7KHPRQH\UDLVHGZLOOEH WREHFDOOHG±IORRGVDQGDOO XVHGWRKHOSIXQGIXWXUHRXWLQJV *DYLQ¶VORQJLQYROYHPHQWZLWKWKH5R\DO%ULWLVK/HJLRQ7KH3LJJRWW6FKRRO )URP0D\RQZDUGVXQWLOIXUWKHU ZKHUHKHZDVDJRYHUQRUWKH7Z\IRUG9ROXQWHHUVDQGWKH5HDGLQJ0DOH QRWLFHWKHFOXEZLOOPHHWDWWKH2OG 9RLFH&KRLUZKRZRQGURXVO\VDQJDWKLVIXQHUDODOOFRPELQHGWRPDNH 3DYLOLRQRQD0RQGD\PRUQLQJIURP KLPIHHOOLNHDUHDO:DUJUDYLDQ DPWRQRRQZKLOHWKH +HDOVRGLVFRYHUHGDQHZFDUHHU±DVDSXEOLVKHGDXWKRU+LVHYHUJURZLQJ ORXQJHDW(OL]DEHWK&RXUWLVEHLQJ LQWHUHVWLQWKFHQWXU\PLOLWDU\KLVWRU\OHGWRWKHSXEOLFDWLRQRIWKUHHYHU\ UHIXUELVKHG7UDQVSRUWFDQEH GLIIHUHQWZRUOGZDURQHGLDULHVVSRQVRUHGE\WKH,PSHULDO:DU0XVHXP DUUDQJHGIRUDQ\RQHQRWXVLQJ 7KLVSURYHGDFRQVXPLQJSDVWLPHIRUKLVUHWLUHPHQW\HDUVULYDOOHGRQO\E\ WKH5HDGLEXV KLVSDVVLRQIRURXUEHORYHGQDUURZERDW7UXQGOH7RJHWKHUZHVSHQWRYHU ,I\RXZRXOGOLNHWRMRLQXVRQD MR\RXV\HDUVH[SORULQJWKHLQODQGZDWHUZD\V 0RQGD\PRUQLQJ\RXZRXOGEH %XWLWZDV:LQFKHVWHU&DWKHGUDOWKDWµERRNHQGHG¶KLVOLIH6RPHKRZWKDW PDGHPRVWZHOFRPH ZDUWLPHFKRLUER\UHVXUIDFHG\HDUVODWHUDVFKDLUPDQRIWKHLU2OG 3OHDVHFRQWDFWHLWKHU0DU\&OLIIRUG &KRULVWHUV¶$VVRFLDWLRQ+HEHDYHUHGDZD\HQWKXVLDVWLFDOO\UHOLVKLQJWKLV RQ RUPHRQ XQH[SHFWHGRSSRUWXQLW\WRUHHQWHUWKHZRUOGRIFDWKHGUDOPXVLF7KLVLV ZK\ZHGHFLGHGWRFKDQQHODQ\GRQDWLRQVPDGHLQ*DYLQ¶VPHPRU\LQWRD %XUVDU\)XQGIRUZRXOGEHFKRULVWHUV7KHUHVSRQVHKDVDOUHDG\EHHQ 3DW-RQHV DVWRQLVKLQJO\JHQHURXV 6HHEHORZ ,KDYHOHIWWRWKHODVWKLVFURZQLQJOHJDF\±DQDPD]LQJIDPLO\6HFXUHO\ IRXQGHGRQ*DYLQ¶VXQZDYHULQJORYHDQGVXSSRUWILYHFKLOGUHQDQG JUDQGFKLOGUHQKDYHODXQFKHGRXWLQWRWKHZRUOG7KH\SOD\HGVWDUSDUWV LQKLVWKDQNVJLYLQJVHUYLFHRQ0DUFK:HVKDOODOOPLVVKLPPRVWWHUULEO\ 3DWV\5R\QRQ )RUGRQDWLRQVLQ*DYLQ¶VPHPRU\JRWRZZZP\GRQDWHEWFRPµ7KH*DYLQ5R\QRQ &KRULVWHU%XUVDU\)XQG¶UHJLVWHUHGFKDULW\QR 2UVHQGFKHTXHVSD\DEOH WR7KH3LOJULPV¶6FKRROZLWKD*LIW$LGGHFODUDWLRQLIDSSURSULDWHWR7RPDOLQ 6RQ 5HDGLQJ5RDG+HQOH\RQ7KDPHV5* $* 13 services Garden Maintenance trimming, strimming, lawn care, clearing pressure washing etc phone Stuart 07758 957455 [e] [email protected] services Garden Maintenance trimming, strimming, lawn care, clearing pressure washing etc phone Stuart 07758 957455 [e] [email protected] Painter and Decorator City & Guilds Qualifications 30+ years experience Local Tradesman References and Anthony McKay recommendations available Internal and external work 0118 934 0950 undertaken Please call for advice or a 07809 624 495 quotation Painter and Decorator City & Guilds Qualifications 30+ years experience Local Tradesman References and Anthony McKay recommendations available Internal and external work 0118 934 0950 undertaken Please call for advice or a 07809 624 495 quotation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¶W:RNLQJKDP%RURXJK&RXQFLO :%& IL[LWRQFHDQGIRUDOO" $FFRUGLQJWR:%&GUDLQDJHPDLQWHQDQFHPDQDJHU(GGLH1DSSHUSDUWRI WKHSUREOHPLVWKHEORFNHGGLWFKHVLQWRZKLFKWKHFXOYHUWXQGHUWKH$LV VXSSRVHGWRGLVFKDUJHDQGWKHDUFKDLFULSDULDQODZZKLFKGHFUHHVWKDW UHVSRQVLELOLW\IRUPDLQWDLQLQJGUDLQDJHGLWFKHVRQWKHURDGVLGHRISULYDWHO\ RZQHGIHQFHVDQGKHGJHVOLHVZLWKWKHDGMDFHQWODQGRZQHU0U1DSSHU WROGPH µ:HZLOOEHUHVROYLQJWKLVZLWKDGMRLQLQJODQGRZQHUVLQHDUO\0D\ DQGLIQHFHVVDU\ZHZLOODGRSWWKH$GLWFKHVWRSUHYHQWDUHSHWLWLRQ¶ %ULGJHVHVVLRQV 2YHUGHFDGHVPDQ\ULSDULDQREOLJDWLRQVKDYHEHHQHLWKHUIRUJRWWHQRU -RLQXVIRUEULGJHLQWKH QHJOHFWHGZKLOHVXFFHVVLYHFRXQFLOVKDYHDOORZHGWKLVWRKDSSHQ±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¶$VVRFLDWLRQWKHQWRRNPDWWHUVLQWRWKHLU SHUVHVVLRQ \RXUILUVWVHVVLRQLV RZQKDQGVE\VFRXULQJWKHYHUJHVKHGJHURZVDQGDGMRLQLQJZRRGODQGIRU IUHH SOXVDQDQQXDOPHPEHUVKLS OLWWHUDQGRWKHUGHWULWXV RI 0\DSSHDOODVWPRQWKIRUDQ\RQHZKRKDVDFWXDOO\EHHQFRQQHFWHGWRWKH ,I\RXDUHLQWHUHVWHGLQFRPLQJ ORQJSURPLVHG*LJDFOHDUILEUHEURDGEDQGQHWZRUNWRFRQWDFWPHKDVGUDZQ DORQJSOHDVHHPDLOPHDW DEODQNDOWKRXJK,GLGKHDUIURPVHYHUDOZKRKDYHQ¶W±LQFOXGLQJVRPHLQ UGIHUQOH\#EWLQWHUQHWFRPRUSRS %ODNHV/DQHZKRKDYHVHHQWKHFRQWUDFWRUVDWZRUN$VIDUDV,FDQWHOO LQWRWKHOLEUDU\DQG,FDQWHOO\RX .LOQ*UHHQUHPDLQVXQWRXFKHG+RZHYHU,GLGUHFHLYHWKLVIRUPDO PRUHDERXWLW DVVXUDQFHIURP*LJDFOHDU µ:H¶UHSOHDVHGWRVD\WKDWWKHSURMHFWWR 5RV)HUQOH\ FRQQHFW.LOQ*UHHQDQG:DUJUDYHFRPPXQLWLHVWRXOWUDIDVWIXOOILEUH EURDGEDQGLVGXHWREHFRPSOHWHGE\WKHHQGRI$XJXVW7KHEXLOGLV UXQQLQJWRVFKHGXOHZLWKFXVWRPHUVDOUHDG\OLYH$GGLWLRQDOFXVWRPHUV ZLOOEHFRQQHFWHGWRWKHQHWZRUNLQWKHFRPLQJZHHNV¶:DWFKLQJ DQGZDLWLQJ« 6LPRQ&KDSPDQ 15 *HWWKHERDWLQJOLIH ǽǽǽ4&1% )6 11 /&+"ǽ ƛ"/&+$"3"/61%&+$6,2+""! 04")) 0 +&*-/"00&3"/ +$",#/&3"/ , 1 +! , ,*" +!3&0&120 1,2/02-"/ 0&1" 1 1,$"1,+1%"4 1"/Ȕ#/,*,2/ ,ƛ0%,/" / +!0Ȕ&+ )2!&+$1%"% +!* !" &)),4 /&+ Ǿ0, (2-1%" 1*,0-%"/" +! -& 12/"0.2"# *&)6Ȓ/2+* /&+ ǽ +1"/ , 1 +!/&1&0%Ȓ 2&)1 &+"0Ȕ4",ƛ"/ǿ "5-"/&"+ " 4%,)"+"4)&#"016)"Ȃ ș0 )"0Ȓ+"4 +!20"! ș*,,/&+$0 +!* &+1"+ + " ș#/&"+!)6Ǿ"5-"/1 !3& " 2SHQVHYHQGD\VDZHHN ǕǖǖǝǞǙǕǘǗǖǖ 444ǽ3 )46 11* /&+"ǽ ,ǽ2( ǕǖǖǝǞǙǕǘǗǖǖȢ&+#,ȯ3 )46 11* /&+"ǽ ,ǽ2(Ȣ )6 11 /&+"Ǿ&)),4 /&+ Ǿ&)),4 +"Ǿ /$/ 3"Ǿ"/(0%&/" ǖǕǝ 16 2XUYLVLRQLVWREHDFKXUFKDW WKHKHDUWRIRXUFRPPXQLW\ 6XQGD\6HUYLFHVDW6W0DU\¶V DP(YHU\6XQGD\ +RO\&RPPXQLRQVDLG LQWUDGLWLRQDOODQJXDJH LQDLGRI 6W0DU\¶V&KXUFK&HQWUH DP0D\ 0RUQLQJ:RUVKLS &$1&(//(' 0D\ +RO\&RPPXQLRQ 0D\ 0RUQLQJ:RUVKLS 2ZLQJWRDFODVKRIHYHQWV5RFNWKH5LYHULV -XQH+RO\&RPPXQLRQ SRVWSRQHGXQWLOODWHULQWKH\HDU -XQH0RUQLQJ:RUVKLS 'HWDLOVWREHDQQRXQFHG -XQH+RO\&RPPXQLRQ $WWKHDPVHUYLFHDFUqFKHLVDYDLODEOHDQG WKHUHDUH\RXQJSHRSOH¶VJURXSV VW&HQWXU\3URMHFW $IWHUILYH\HDUVRIIXQGUDLVLQJDQGDSSHDOV ZHDUHDOPRVWDWWKHHQGRIWKHURDG 'XULQJ0D\DQG-XQHWKHUHZLOOEHDILQDO SXVKWRVHHLIWKHRXWVWDQGLQJEDODQFHIRU WKHWRWDOSURMHFWFDQEHUDLVHGVRWKDW 6W0DU\¶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n your doorstep within the village of Wargrave, Elizabeth Court is the perfect solution for families who want retired relatives living independently but not too far away. e Wargrave Housing Association is managed by a board of trustees appointed from within the community. Elizabeth Court provides high quality accommodation for Wargrave residents who are of retirement age and for those families who have retired relatives who may wish to move to Wargrave. Set in a peaceful location, surrounded by the beautifully maintained gardens, Elizabeth Court is the perfect place for independent retirement living. Email [email protected] or visit www.wargrave-retirement-housing.org.uk 18 7KH)ULHQGVRI0LOO*UHHQ 2YHUWKHIRXUPRQWKVRUVRVLQFH 7KHJRRGQHZVLVWKDW WKH)ULHQGVRI0LOO*UHHQJURXSILUVW GRQDWLRQVWRWKLV FDPHWRJHWKHUWKLQJVKDYHJRQH SURMHFWKDYH UDWKHUZHOO7KHSRSODUWUHHVE\WKH FRQWLQXHGWRDUULYH SDWKKDYHEHHQSROODUGHGDQGWKH DQGZHDUHYHU\ UHPRYDORIWKHROGGLVHDVHG SOHDVHGWRUHSRUWWKDW FKHVWQXWKDSSHQHGLQHDUO\$SULO E\HDUO\$SULOZHKDG :HUHFHLYHGFRQILUPDWLRQWKDWWKH UHFHLYHGVXIILFLHQW RWKHUROGFKHVWQXWQHDUWKHFKXUFK IXQGVWREX\DQHZ FRXOGVXUYLYHDIHZPRUH\HDUVLI PRZLQJPDFKLQH± VRPHH[SHUWWUHHVXUJHU\ZDVWR RQHWKDWZLOOEHZLGHU EHFDUULHGRXWVRDVWRUHPRYH DQGPRUHUREXVWWKDQ GHDGWLPEHUDQGWKHUHE\PDNHLW WKHROGRQH VDIH7KLVZRUNZDVDOVRFRPSOHWHG LQ$SULO 7KHQHZPDFKLQHLVD -RKQ'HHUHPDGHE\ ,QFLGHQWDOO\WKHSLOHVRIORJVDQG WKHILUPWKDWLVPRUH WLPEHUZDVWHFRXOGQRWEHUHPRYHG IDPRXVIRULWV LPPHGLDWHO\DVWKHJURXQGZDVWRR FRPELQHKDUYHVWHUV VRIWWREULQJLQWKHQHFHVVDU\ EXWZKLFKDOVRPDNHV YHKLFOHV±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± ZLOOLQJQHVVRIVR WKHPRZLQJWHDPDUHJHDULQJXSWR PDQ\LQGLYLGXDOVDV VWDUWWKHFXWWLQJWKDWLVVR ZHOODVWKH:DUJUDYH QHFHVVDU\IRUNHHSLQJWKH*UHHQDV +HULWDJH7UXVWDQG DXVHDEOHVSDFH%LOO%RRNOHVV± WKH:DUJUDYH ZKRGHVFULEHVKLPVHOIDVRQHRI )HVWLYDOWRFRQWULEXWH WKHµDJHGYROXQWHHUPRZHUV¶± ILQDQFLDODVVLVWDQFH ZULWHV µ 19 /LEUDU\PDWWHUV :DUJUDYH3DULVK 3DGGLQJWRQ%HDUKDVDUULYHG 'DWHVIRU\RXUGLDU\ &RXQFLO LQ:DUJUDYH 6WDU:DUVUHDGV :HKDYHMXVWUHFHLYHG DFWLYLW\VHVVLRQ :DUJUDYH3RVW2IILFH DYHU\JHQHURXV :HGQHVGD\0D\ 7KLVLVDQH[FHUSWIURPWKHPLQXWHV GRQDWLRQRIDFRPSOHWH SPWRSP RIWKH:DUJUDYH3DULVK&RXQFLO VHWRI3DGGLQJWRQ%HDU LQFOXGHVRULJDPLFUDIW PHHWLQJKHOGRQ $SULO ERRNVE\0LFKDHO DFWLYLWLHVIRUFKLOGUHQ ,WZDVQRWHGWKDW8SSHU:DUJUDYH %RQGLQFOXGLQJDVHW DJHGWR\HDUVROG 3RVW2IILFHZDVGXHWREHFORVHG RISLFWXUHERRNVIRU FKDUJH IURP±$SULODQGWKHQIURPWKH \RXQJHUFKLOGUHQ:H /HJRFUHDWLRQV±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¶VGDXJKWHUDQGKDVOHG WLPH3OHDVHJHWLQWRXFKLIWKHUHLV KHUWRVWXG\(QJOLVKDWXQLYHUVLW\ DEHWWHUWLPHIRUXVWRKROGWKLVDV /RGGRQ9DOOH\ :LWKWKLVLQPLQGZHDUHSODQQLQJ ZHSUHVHQWO\KDYHYHU\ORZ VRPH3DGGLQJWRQUHODWHGDFWLYLWLHV QXPEHUVDQGZHDUHEHJLQQLQJWR GXULQJRXU2FWREHUKDOIWHUP WKLQNDERXWQRWKROGLQJWKHVH 5DPEOHUV LQFOXGLQJRQHWRVHHZKRFDQ VHVVLRQVLQIXWXUH6RGROHWXV SURGXFHWKHEHVWµKDUGVWDUH¶:H NQRZLI\RXZDQWWRNHHSWKHP $VHOHFWLRQRIZDONV)RUPRUH DOVRWKRXJKWVRPHRI\RXPLJKWOLNH FKDQJHWKHWLPHRUKDYHDQ\RWKHU LQIRUPDWLRQVHHZZZOYUDRUJXN WRKDYHDJRDWZULWLQJ\RXUYHU\ FRPPHQWV RZQ3DGGLQJWRQVWRU\VRJHW 6XQGD\0D\DP :HDOVRKROGD6DWXUGD\6WRU\WLPH ZULWLQJGXULQJWKHVFKRROKROLGD\V òPLOHHDV\ZDONDFURVVUROOLQJ IROORZHGE\DFUDIWDFWLYLW\RQWKH VR\RXFDQEHUHDG\IRUODWHURQ FRXQWU\VLGH)OHHW&RSVHDQG ILUVW6DWXUGD\RIWKHPRQWKIURP WKLV\HDU0RUHGHWDLOVRIDFWLYLWLHV 5HFWRU\)DUP6WDUW 68 DP &DOLIRUQLD&RXQWU\3DUN5*+7 WRIROORZODWHULQWKH\HDU &RORXULQJVKHHWVDUHDOZD\V /HDGHU 0DULDQQHDQG,DQ0 5HJXODUDFWLYLWLHV DYDLODEOHLQWKHOLEUDU\WRR RU $OORXUDFWLYLWLHVIRUDGXOWVWDNH 5HJXODUOLEUDU\HYHQWV 7KXUVGD\0D\DP SODFHDOO\HDUURXQG7KH\DUHD òPLOHIODWZDONQRUWKRI2GLKDP JUHDWZD\WRPHHWQHZSHRSOHLI &UDIWV /DXJKV WDNLQJLQEULHIVWUHWFKHVRIWKH \RXDUHQHZWRWKHYLOODJH'RQ¶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òPLOHORFDOZDONDURXQG(YHUVOH\ .QLW:LWV WRVHHVRPHRIWKHPRUHUXUDODQG %URZQEDJV±HYHU\RQH¶VJDUGHQV IRUHVWHGSDUWVRIWKH%ODFNZDWHU DUHJURZLQJOLNHPDGVRGRQ¶WIRUJHW 7KLUG:HGQHVGD\RIWKHPRQWK SPWRSP 9DOOH\:HZLOOSDVVWKURXJKWKH \RXFDQEX\WKHJDUGHQEDJVIRU %UDPVKLOO)RUHVWDQGDORQJWKHULYHU HDFK:HDOZD\VDLPWRKDYHD L+HOS %ODFNZDWHU6WDUW 68 JRRGVXSSO\ )RXUWK:HGQHVGD\RIWKHPRQWK &DUHIXOSDUNLQJRQWKHJUHHQ SPWRSP RXWVLGH6W0DU\¶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¶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µ,WZDV ,VDEHOOH&URVNHOO 0HULW 6RSKLH5RVH*LQQ 0HULW DIDQWDVWLFRSSRUWXQLW\IRUVWXGHQWV *DEULHOOD)HDU%HWWLV 0HULW ,PRJHQ/DQJVWRQ 0HULW WRJDLQFRQILGHQFHLQSHUIRUPLQJ 6RSKLH5RVH*LQQ 0HULW +DQQDK:DOODFH 'LVWLQFWLRQ DQGWRVKDUHWKHVNLOOVWKH\KDYH +DQQDK:DOODFH 'LVWLQFWLRQ ,VDEHOOH:LOVRQ 'LVWLQFWLRQ GHYHORSHGZLWKLQFODVVHVWKURXJK 5HEHFFD:DOODFH 0HULW *UDGH7DS KLJKVWDQGDUGVRIWHDFKLQJ¶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¶V&OXE 6RFLHW\¶V$SULOPHHWLQJZKHQ&OLYH:LOOLDPV±IRUPHUO\%HUNVKLUH&RXQW\ &RXQFLO¶VFRXQW\VHFUHWDU\DQGFRXQW\VROLFLWRU±JDYHDQHQWHUWDLQLQJDQG $WWKHWLPHRIZULWLQJZHDUH LQIRUPDWLYHSUHVHQWDWLRQRQWKHKLVWRU\RI6KLUH+DOODQGVRPHRIWKH ORRNLQJIRUZDUGWRDQRXWLQJWRWKH SHUVRQDOLWLHVLQYROYHGLQLWVUXQQLQJ :DUJUDYH7KHDWUH:RUNVKRS 7KHFRXQW\FRXQFLOZDVIRUPHGLQ $WWKDWWLPHWKHFRXQW\WRZQZDV SURGXFWLRQRI/DGLHV'RZQ8QGHU $ELQJGRQDQGWKHSRSXODWLRQRIWKHFRXQW\ZDVDERXW 5HDGLQJ RQ7KXUVGD\0D\ WKHQEHLQJDVHSDUDWHFRXQW\ERURXJKRIDERXWSHRSOH %\ 2XUJDUGHQSDUW\ZLOOEHKHOGDW WKHFRXQW\SRSXODWLRQKDGULVHQWRVRPHDQGQRZLVRYHUGRXEOH 0UDQG0UV/OR\G¶VRQ7XHVGD\ WKDWQXPEHU -XO\ $IWHUWKHUHRUJDQLVDWLRQRIFRXQFLOVLQ WKHµQHZ¶%HUNVKLUHZDVDYHU\ %DUEDUD%DOO ZHDOWK\FRXQW\DVLWLQFOXGHGWKHDUHDVRI6ORXJKDQG5HDGLQJZKLFK JHQHUDWHGODUJHVXPVIURPEXVLQHVVUDWHVDQGVRWKHFRVWRI%HUNVKLUH¶V VHUYLFHVFDPHIURPWKHUDWHVDQGIURPFHQWUDOJRYHUQPHQW +RZHYHUDVVRPH RWKHU FRXQFLOV QRWDEO\LQ/RQGRQ KDGQRWVSHQWWKHLU IXQGVLQDZD\DSSURYHGRIE\WKHJRYHUQPHQWWKHPRQH\UDLVHGE\ EXVLQHVVUDWHVZDVUHPRYHGIURPORFDOFRXQFLOEXGJHWVWREHUHDOORFDWHG E\WKHJRYHUQPHQW&OLYHQRWHGWKDWPDQ\ORFDOGLVWULFWFRXQFLOVZHUHQRZ µLQDPHVV¶ZLWKOHVVWKDQRIWKHLULQFRPHFRPLQJIURPORFDOUDWHSD\HUV ,Q SURSRVDOVZHUHPDGHIRUORFDOJRYHUQPHQWUHRUJDQLVDWLRQ :DUJUDYH UHVXOWLQJLQWKH%HUNVKLUH6WUXFWXUH3ODQ0LFKDHO+HVHOWLQHKDGVXJJHVWHG WKDWFRXQWLHVFRQVLGHUUHDUUDQJLQJWKHLUERXQGDULHVIRUµDGPLQLVWUDWLYH 6ZDQV FRQYHQLHQFH¶7KHGHDODJUHHGE\%HUNVKLUHDQG2[IRUGVKLUHZDVWRPRYH WKHQ QRUWK%HUNVKLUH )DULQJGRQDQG9DOHRI:KLWH+RUVHHWF LQWR %DOOHWFODVVHVIRUVHQLRU 2[IRUGVKLUHDQGVRXWK2[IRUGVKLUHDURXQG+HQOH\LQWR%HUNVKLUH FLWL]HQV +RZHYHUZKHQWKHGHWDLOHGSODQZDVSXEOLVKHGDOWKRXJK2[IRUGVKLUH :DUJUDYH6ZDQVZDVODXQFKHGODVW JDLQHGWKHDUHDSURSRVHG+HQOH\ZDVWRUHPDLQLQ2[IRUGVKLUHZLWKRQO\ 6HSWHPEHUDQGLVDGHILQLWHKLWIRU &DYHUVKDPWUDQVIHUULQJWR%HUNVKLUH WKRVHZKRDUHSDUWLFLSDWLQJ,WLVD %HUNVKLUHKDGEHHQµVROGGRZQWKHULYHU¶±LIWKH\KDGNQRZQWKH\ZRXOG JHQWOHEDOOHWFODVVIRUVHQLRU QRWKDYHDJUHHGWRWKHWUDQVIHURIQRUWK%HUNVKLUHWR2[IRUGVKLUH7KHQHZ FLWL]HQVDQGLWLVDOUHDG\QRWLFHDEOH FRXQW\FUHVWUHIOHFWHGWKLV±LWEHLQJWKHVDPHDVWKHROGRQHH[FHSWWKDW KRZPXFKWKHODGLHVKDYH WKHZKLWHKRUVHEHFDPHEODFNµLQPRXUQLQJ¶IRUWKHORVVRIWKH9DOHRI LPSURYHGWKHLUSRVWXUH :KLWH+RUVH :HKDYHURRPIRUWZRRUWKUHH 7KH6KLUH+DOOEXLOWLQ ZDVQHYHUODUJHHQRXJKWRDFFRPPRGDWHDOO PRUH6ZDQVLQWKHODNHDQGLI\RX WKHVWDIIDQGVRWKHYDULRXVFRXQFLOGHSDUWPHQWVFDPHWREHKRXVHGLQ IHHO\RXZRXOGOLNHWRFRPHDORQJ EXLOGLQJVVFDWWHUHGDFURVV5HDGLQJ$WWKHHQGRI LWZDVGHFLGHGWR IRUDWULDOWKHQ\RXZLOOEHPRVW EXLOGDQHZ6KLUH+DOOWREULQJWKHYDULRXVGHSDUWPHQWVWRJHWKHU±µ,W ZHOFRPH7KHFODVVHVDUHKHOGLQ VHHPHGDJRRGLGHDDWWKHWLPH¶7KHVLWHZDVREWDLQHGDWORZFRVWIURP WKHPHHWLQJURRPDW+HQQHUWRQ WKH0LQLVWU\RI'HIHQFHDQGWKHFRXQW\DUFKLWHFWGHVLJQHGWKHEXLOGLQJ *ROI&OXERQD:HGQHVGD\ ZKLFKZRXOGFRVWDERXW PLOOLRQ+RZHYHUWKLVZDVDWLPHRIKLJK DIWHUQRRQ,I\RXZRXOGOLNHWRKDYH LQIODWLRQDQGFRQVLGHUDWLRQRIWKHSURMHFWUHVXOWHGLQDFRXQFLOPHHWLQJ DWULDOSOHDVHFRQWDFWPHRQ ODVWLQJKRXUV±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¿FDQWO\TXLHWHU1RW TXLWHVXUHZK\EXWZHDUHKRSLQJ QXPEHUVZLOOFUHHSEDFNXSRYHU WKHFRPLQJZHHNV$VDOZD\VZH ZRXOGORYHWRZHOFRPHQHZFKLOGUHQ WRWKHJURXSDORQJZLWKWKHLUPXP GDGFDUHU±DOODUHZHOFRPH ,IWKHZHDWKHULVJRRGZHZLOO HQGHDYRXUWRVSHQGVRPHRIWKH VHVVLRQVRXWVLGHPDNLQJWKHPRVW RIWKHGU\HUPRQWKV:HDUH :KDWDGLIIHUHQFHD\HDUPDNHV FRQVLGHULQJSXUFKDVLQJDEDVLF ,W¶VYHU\QHDUO\PRQWKVVLQFH UROORXWIHQFHVRWKDWZHFRXOG KLJKTXDOLW\IUDPHVDQGPLUURUVKDV 'DYLG0HDGRZFURIWOHIW7Z\IRUG¶V FUHDWHDVDIHRXWGRRUVSDFHIRUWKH VSUHDGUDSLGO\WKURXJKRXWWKH &HQWXU\)UDPLQJDIWHU\HDUVWR NLGVHVSHFLDOO\IRUWKHXVHRIWKH FRPPXQLW\DVWKH\HDUVUROOHGE\ VHWXSKLVRZQEXVLQHVV ULGHRQVDQGVOLGHVHWF:HZRXOG UHDOO\DSSUHFLDWH\RXUWKRXJKWVRQ $JDPEOHEXWLWVHHPVRQHWKDWLV 'XULQJKLVFDUHHU'DYLGKDV WKLVLI\RXFRPHDORQJWRWKHJURXS DOUHDG\SD\LQJRII)RULQWKDWVKRUW IUDPHGHYHU\WKLQJIURP%DQNV\DQG +LUVWOLPLWHGHGLWLRQVWRRQHRI VSDFHRIWLPHKLVEXVLQHVV7KH :LWK,VLHDERXWWRµSRS¶DQ\GD\ 0XKDPPDG$OL¶VER[LQJJORYHVDQG 3LFWXUH)UDPHUKDVWDNHQRII QRZZLWKKHUVHFRQGFKLOGDQG FKLOGUHQ¶VKDQGVWLWFKHG0RWKHU¶V VXUSULVLQJO\TXLFNO\ RYHUWKH\HDU -HQQ\RQMXU\VHUYLFH,¶GMXVWOLNHWR 'D\PHVVDJHV±DQGDOOZLWKWKH LWKDVVWHDGLO\DWWUDFWHGLQFUHDVLQJ VD\DELJWKDQN\RXWRWKHPXPV VDPHSDWLHQFHDQGGHGLFDWLRQ YROXPHVRIFXVWRPHUVZKRQRZ ZKRKDYHKHOSHGRXWRYHUWKHODVW QXPEHUZHOORYHU +HFDQDOVRRIIHUDUWUHVWRUDWLRQ FRXSOHRIZHHNV LWLVYHU\PXFK 2QWRSRIWKDWODVW\HDU'DYLGIURP VHUYLFHVWKURXJKDFROOHDJXHZLWK DSSUHFLDWHG,W¶VEHHQDJUHDW :DUJUDYHZDVSUHVHQWHGZLWK PRUHWKDQ\HDUV¶H[SHULHQFHLQ WHDPHIIRUW WKHEXVLQHVVDVZHOODV 7Z\IRUG7RJHWKHU¶V1HZ%XVLQHVV $ERXWXV RIWKH 23 1HZVIURP\RXUERURXJKFRXQFLOORU +DZHOLUHVWDXUDQW 0\IDPLO\DQG,KDYHEHHQ KDELWXDOFXVWRPHUVDWWKH+DZHOL SDUWLFXODUO\IRUWKHWDNHDZD\V7KH µ$FLYLOSHQDOW\ZDVLVVXHGIRU µ7KHUHZDVQRHYLGHQFHRIDQ\ IRRGKDVEHHQH[FHOOHQWWKH ZKLFKLVXQSDLG FKHFNVKDYLQJEHHQFRQGXFWHG VHUYLFHIULHQGO\DQGWKH IRUWKHHLJKWKPHPEHURIVWDII+H SUHVHQWDWLRQVXSHUELQFOXGLQJWKH µ2Q-DQXDU\DYLVLWZDV ZDVD%DQJODGHVKLQDWLRQDOZLWK HYHUSUHVHQWURVH:KLOHZDLWLQJ, FRQGXFWHGDWSPE\WZR OHDYHWRUHPDLQDVDVSRXVHEXW KDYHDOZD\VFRPHDFURVVDIULHQG RIILFHUV2QHRIWKHEURWKHUVZKR WKHRZQHUVKDGQRWKLQJWR RUDFTXDLQWDQFH UXQVWKHEXVLQHVVZDVDWWKHEDU VXJJHVWWKDWWKH\KDGFKHFNHG ZKHQRIILFHUVHQWHUHGDQGDIWHU WKLVEHIRUHHPSOR\LQJKLP 6DGO\,IHDUWKLVSOHDVXUHKDV H[FKDQJLQJSOHDVDQWULHVZHQW FRPHWRDQHQGDVWKH+RPH2IILFH VWUDLJKWLQWRWKHNLWFKHQ%RWK µ:HKDYHJURXQGVWREHOLHYHWKH KDVSHWLWLRQHGWKH/LFHQVLQJ RIILFHUVWKHQVDZWZRPDOHVUXQ OLFHQVHKROGHUZLOOIDLOWRPHHWWKH $XWKRULW\IRUDUHYLHZRIWKHOLFHQFH RXWRIWKHUHDUNLWFKHQGRRU OLFHQVLQJREMHFWLYHVRISUHYHQWLRQ 7KHVWDWHPHQWPDGHLVDVIROORZV RIFULPHDQGGLVRUGHUDVLOOHJDO µ2QHRIWKHPDOHVZDVIRXQGLQ ZRUNLQJKDVEHHQLGHQWLILHGDW µ2QDQHQIRUFHPHQW WKHFDUSDUNDWWKHUHDURIWKH WKLVSUHPLVHV¶ YLVLWZDVFRQGXFWHGDQGHQWU\ SUHPLVHV+HZDVDUUHVWHGEXW ZDVJDLQHGXQGHU6 RIWKH ZDVVXEVHTXHQWO\JUDQWHG &RQVHTXHQWO\WKHUHZLOOEHD /LFHQVLQJ$FW DVDPHQGHG 7HPSRUDU\5HVLGHQFHDVLW SURVHFXWLRQXQGHUWKH E\,PPLJUDWLRQ$FW DW WUDQVSLUHGWKDWKHKDGDQ ,PPLJUDWLRQ$FW7KHKHDULQJZDV KRXUV(LJKWPHPEHUVRIVWDII RXWVWDQGLQJDSSOLFDWLRQ$QDPH RQ:HGQHVGD\ 0D\ ZHUHLQLWLDOO\HQFRXQWHUHGIRXU ZDVJDLQHGIRUWKHRWKHUPDOH /RFDOJRYHUQPHQWHOHFWLRQV ZDLWHUVEDUVWDIIDQGIRXULQWKH ZKRUDQDZD\DQGDQ,06KDV NLWFKHQ±RQHRIZKRPDWWHPSWHG EHHQVXEPLWWHGIRUDSRWHQWLDO 7KHSDULVKFRXQFLOHOHFWLRQZDV WRIOHHEHIRUHEHLQJTXLFNO\ HQIRUFHPHQWYLVLW XQFRQWHVWHG7KRVHHOHFWHGZHUH DSSUHKHQGHG 5LFKDUG%XVK3KLO'DYLHV0LFKDHO µ1RLOOHJDOZRUNLQJ&351ZDV (WZHOO*UDKDP+RZH$QGUHZ µ$%ULWLVKPDOHHQWHUHGWKH VHUYHGEHFDXVHKHZDVQRWVHHQ SUHPLVHVVKRUWO\DIWHURXUDUULYDO /XFNZHOO0DULRQ3RSHDQG WREHZRUNLQJDQGWKHUHZDVQR -RKQ+DOVDOO DQGZDVUHFRJQLVHGE\RIILFHUV DGPLVVLRQRIKLPZRUNLQJWKHUH ZKRKDGHQFRXQWHUHGKLPGXULQJ IURPKLPVHOIRUDQ\RIWKHRWKHU 3OHDVHEHLQWRXFKLIZHFDQEHRI SUHYLRXVYLVLWVWR+DZHOL VWDII KHOS LQWKHILUVWLQVWDQFHZLWKPH :DUJUDYHZKHUHKHKDGEHHQ WKHPDQDJHU±KHJDYHKLVGHWDLOV µ7KHUHZHUHHLJKWVWDIIDWWKH -RKQ+DOVDOO DV5DMX0LDK µ5DM¶ SUHPLVHVLQWRWDODVZHOODVWKH WZRPDOHVZKRUDQDZD\ MRKQDVKDOVDOO#JPDLOFRP µ)LYHRXWRIWKHQLQHVWDIIZHUH $FFHSWDEOHULJKWWRZRUNFKHFNV IRXQGWREHLPPLJUDWLRQRIIHQGHUV DSSHDUHGWRKDYHEHHQ ZLWKQRULJKWWRZRUNLQWKH8. FRPSOHWHGIRUVHYHQRIWKHP µ)RXUZHUHDUUHVWHGDQGGHWDLQHG 2Q0RQGD\$SULOWKH+DZHOL DQGRQHZDVFXUUHQWO\FRPSO\LQJ VLJQVRXWVLGHWKHUHVWDXUDQWZHUH ZLWKKLV7HPSRUDU\5HOHDVH UHPRYHGDQGWKHQHZ,WDOLDQ UHSRUWLQJUHVWULFWLRQVDOWKRXJKKH UHVWDXUDQWRSHQHGLQLWVSODFH GLGQRWKDYHSHUPLVVLRQWRZRUN VRKHZDVDVNHGWROHDYHWKH UHVWDXUDQWDUHD$&LYLO3HQDOW\ 5HIHUUDO1RWLFHZDVVHUYHGRQ 5DMX0LDK µ$KRXUFORVXUHQRWLFHZDV DXWKRULVHGE\WKH+0,HQURXWHWR FRXUWIRUWKHLOOHJDOZRUNLQJ FRPSOLDQFHRUGHUKHDULQJ7KLV UHVXOWHGLQWKHPDJLVWUDWHV VLJQLQJWKHRUGHUPDNLQJWKH EXVLQHVVVXEMHFWWRYDULRXV LQVWUXFWLRQVUHVWULFWLRQV 24 5R\DO1DWLRQDO/LIHERDW,QVWLWXWLRQQHZV UHVSRQVLELOLW\DQGWKHFKDLUPDQ¶V LQFUHDVHRQWKHSUHYLRXV\HDU EDGJHWRLQFRPLQJFKDLUPDQ3DXO 0LFKDHO3RUWHUZDVSOHDVHGWR %ODLU.HHQWRFRQWLQXHWRSURYLGH UHSRUWDQRWKHUYHU\JRRG\HDU VXSSRUWWRWKHFKDULW\KHQRZ 7KHEUDQFKFRQWULEXWHGDWRWDORI DVVXPHVDQHZUROHDVSUHVLGHQW WRWKH51/,WRKHOSWKH RIWKHEUDQFK FKDULW\¶VFRPPLWPHQWWRVDYHOLYHV DWVHDDQGRQVRPHLQODQG *HRUJH5DZOLQVRQRSHUDWLRQV ZDWHUZD\V GLUHFWRURIWKH51/,SUHVHQWHG 0LFKDHOZLWKDQ([FHOOHQFHLQ )LQDOO\WKHQHZFKDLUPDQSURYLGHG 9ROXQWHHULQJ$ZDUGDQGWKDQNHG DQLQVLJKWLQWRWKHPDMRUHYHQWV KLPIRUKLVGHGLFDWLRQDQG VFKHGXOHGIRUVWDUWLQJZLWK FRPPLWPHQWWRWKHFKDULW\DQGKH WKHEUDQFK¶VSODQVWRSURYLGHDOLIH ZHOFRPHG3DXOWRKLVQHZSRVLWLRQ MDFNHWFKHFNLQJVHUYLFHDW :DUJUDYH%RDWLQJ&OXE¶VRSHQGD\ $GGLWLRQDOUHFRJQLWLRQZDVJLYHQWR RQ$SULOIROORZHGE\ZDWHU -RQDWKDQ3DGGLVRQ&DPHURQ 0LFKDHO3RUWHU ULJKW SUHVHQWLQJWKH VDIHW\DZDUHQHVVSUHVHQWDWLRQV )ORDWHDQG&KULV.D\HIRUWKHLU &KDLUPDQ¶VEDGJHWR3DXO%ODLU DQGLQIRUPDWLRQIRUWKHFOXE¶V HQGXULQJHQWKXVLDVPDFURVV \RXQJVWHUVDWWKH5DJ5HJDWWDRQ YDULRXVIXQGUDLVLQJDFWLYLWLHVRYHU 6DWXUGD\-XQH $QRWKHUYHU\JRRG\HDU DFRPELQHG\HDUV )XUWKHUIXQGUDLVLQJDFWLYLWLHVZLOOEH 7KH:DUJUDYHDQG7Z\IRUGGLVWULFW *HRUJH5DZOLQVRQSURYLGHGWKH DQQRXQFHGWKURXJKRXWWKH\HDU EUDQFKRIWKH51/,KHOGLWVDQQXDO SDFNHGDXGLHQFHZLWKDQRYHUYLHZ JHQHUDOPHHWLQJRQ$SULODW+DUH RIWKHFKDULW\¶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¶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µ,IDWILUVW\RXGRQ¶WVXFFHHGWU\WU\ WR$OEDQLD 3ODQQLQJSHUPLVVLRQKDVEHHQ DJDLQ¶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µV\PSDWKHWLF¶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¶V EDOOVWRWDNHRXWZLWKKHU WKDWHOHPHQWVRIWKHRULJLQDOGHVLJQ EHHQLQWUDLQLQJIRUWKHPLOH E\UHQRZQHG6FRWWLVKDUFKLWHFW FKDOOHQJHWRUDLVHIXQGVIRU%UHDVW :LOOLDP)ORFNKDUWZHUHHYLGHQWRQ &DQFHU&DUH/DVW\HDUKHUGRJ WKHJDWHKRXVHVDWWKHMXQFWLRQRI /ROD±ZKRZLOOEHMRLQLQJKHUDQG +LJKILHOG/DQHDQG+DWFKJDWH5RDG IULHQG/\QQH7D\ORURQ6XQGD\± DVZHOODVDWWKHVWDEOHVZKLFKDUH FDXVHG%HYWRWULSDQGEUHDNKHU QRZDSDUWPHQWV+HVDLGWKHORVV OHJVKRUWO\EHIRUHWKHHYHQW RIDUFKLWHFWXUDOHOHPHQWVRI %HYHQGHGXSVSHQGLQJVHYHUDO )ORFNKDUW¶VGHVLJQZKLFKKDG ZHHNVLQSODVWHUDQGKHUGDXJKWHU VXUYLYHGLQVLGHWKHKRXVHFRXOG .DW\WKHQQREO\VWHSSHGLQDW µUHVXOWLQWKHFRPSOHWHORVVRI WKHODVWPLQXWHWRFRPSOHWHWKH DUFKLWHFWXUDOO\VLJQLILFDQWIHDWXUHV¶ ZDONRQ%HY¶VEHKDOIUDLVLQJDQ $OWKRXJKKHUHFRJQLVHGWKDWWKH DPD]LQJ GHVLJQRIWKHSURSRVHGQHZ %HY¶VGHWHUPLQDWLRQWRFRPSOHWH EXLOGLQJZDVDQLPSURYHPHQWRQ WKHZDONKHUVHOIWKLVWLPHDURXQG WKHH[LVWLQJGZHOOLQJLWV3DOODGLDQ VWHPVIURPWKHIDFWWKDWVKHKDV VW\OHZRXOGSUHGDWHWKHRULJLQDO ORVWWZRIULHQGVWREUHDVWFDQFHULQ EXLOGLQJDQGµWKHUHIRUHFRQIXVHWKH DVPDQ\\HDUV KLVWRULFYDOXHVRIWKHOLVWHGVWDEOHV ,I\RXZRXOGOLNHWRKHOS9LFWRULD DQGWKHLUVHWWLQJ¶ ,QKHUIULHQG.DUHQ$XVWLQD ZHOONQRZQIDFHDURXQGWKHYLOODJH EX\VXFKYLWDOHTXLSPHQWWRKHOS +RZHYHUKLVUHFRPPHQGDWLRQWR ZKRZRUNHGDW-XGGPRQWHGLHGRI NHHSWKRVH$OEDQLDQFKLOGUHQ UHIXVHSODQQLQJSHUPLVVLRQZDV WKHGLVHDVH$OPRVWH[DFWO\D\HDU PRELOHGRQDWLRQVFDQEHPDGHLQ FDVKDWDFROOHFWLRQER[LQ&UD]LHV UHMHFWHGE\WKHSODQQLQJFRPPLWWHH ODWHU%HYDQG/\QQHIRXQG +LOO3ULPDU\6FKRRORUDW DQGZRUN±DVHYLGHQFHGE\WKH WKHPVHOYHVPRXUQLQJWKHGHDWKRI XNYLUJLQPRQH\JLYLQJFRP VSOHQGLGO\GUHVVHGERDUGVZKLFK DPXWXDOIULHQGDQGZRUNFROOHDJXH EOHQGEHDXWLIXOO\ZLWKWKHEDFNGURSDW $V%HYVD\Vµ7RORVHWZRIULHQGVLQ 9LFWRULD¶VWZRGDXJKWHUVDUHSXSLOV WKHHQWUDQFHWRWKHVLWH±KDVEHJXQ WZR\HDUVLVWRRPDQ\¶+HUWDUJHW DWWKHVFKRRODQGFKLOGUHQWKHUH LVWRUDLVH IRU%UHDVW&DQFHU KDYHEHHQYHU\PRYHGE\KHUVWRU\ &DUH,I\RXZRXOGOLNHWRKHOSKHU DQGZDQWWRKHOSKHUEX\NLW GRMXVWWKDWJRWRWKH-XVW*LYLQJ ZHEVLWHDQGW\SHLQ%HYHUOH\'DOH &RQWLQXHGRQQH[WSDJH 7KDQN\RX 26 &DWFKXSZLWK&UD]LHV+LOODQG&RFNSROH*UHHQ FRQWLQXHG 2QWKHODVW)ULGD\RI0DUFKWKH\ 5HFRUGWXUQRXW SDLG WRFRPHWRVFKRROGUHVVHG 7KHUHZDVDUHFRUGWXUQRXWIRUODVW LQUHGDQGEODFNWKHFRORXUVRIWKH PRQWK¶VDQQXDOOLWWHUSLFN $OEDQLDQIODJ7ZRRIWKHFODVVHV EURXJKWLQFDNHVWRVHOO 9ROXQWHHUV± DGXOWVIRXU +HDG3KLOLSSD&KDQVDLGWKDWVRPH FKLOGUHQDQGRQHYHU\HQWKXVLDVWLF FKLOGUHQZHUHYHU\VKRFNHGE\ GRJ±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±RQH KDOO0RVWREMHFWLRQVZHUHDERXW ZHDULQJDEDODFODYDDURXQGKLV WKHLQFUHDVHGYROXPHRIWUDIILFWKDW QHFN±WRRNIOLJKWLQDGDUNEOXH ZRXOGEHFUHDWHGE\VXFKDFKDQJH 6XEDUXZKHQWKHTXLFNWKLQNLQJ &RFNSROH*UHHQUHVLGHQWVWXUQHG 6WXGLRIXQGLQJFORVHWRWDUJHW WKHLUFDUDURXQGWRJHWDEHWWHUYLHZ RIZKDWZDVJRLQJRQ7KHLUVZLIW $VZRUNEHJLQVRQWKHFUHDWLRQRI DFWLRQPHDQWQRWRQO\WKDWWKH DJDUGHQVWXGLRDW&UD]LHV+LOO EXUJODU\ZDVLQWHUUXSWHGEXWDOVR 3ULPDU\6FKRROIXQGVDUHMXVW WKDWWKH\ZHUHDEOHWRQRWHGRZQ VKRUWRILWV WDUJHW WKH6XEDUX¶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±DURXQGFKLOGUHQEUDYHG WKHPDWFKRUJDQLVHGE\-RQ 7KXUVGD\0D\ WKHZHWZHDWKHUWKDWKDGSODJXHG :KLWHOH\RI&UD]LHV+LOO,WZDVZRQ 5HVLGHQWV¶$VVRFLDWLRQ$*0 XVIRUPRUHWKDQDZHHN±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¶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¶V&KXUFK RQ0LOO*UHHQWROHDUQDERXWEHOO :DUJUDYLDQVWKHRSSRUWXQLW\WR 7KUHHURXWHVNHSWSHRSOHEXV\ D ULQJLQJ7KLVZDVRUJDQLVHGE\RXU H[SHULHQFHWKHRXWGRRUVDQGKHOS WUDLODURXQGWKHUHFUHDWLRQJURXQG $VVLVWDQW*URXS6FRXW/HDGHU%LOO WKHPJURZDQGGHYHORSOLIHORQJ DQLQWULJXLQJYLOODJHTXL]URXWHDQG %RRNOHVVIRU0RQGD\$SULO VNLOOVSOHDVHGRJHWLQWRXFK LW¶VD DPRUHFKDOOHQJLQJRULHQWHHULQJ ZKLFKZDV6W*HRUJH¶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±IURPEHLQJFDVW KLWFKGRXEOHILVKHUPDQ¶VFORYH LQ WRWKHSUHVHQW KLWFKERZOLQHVKHHWEHQGDQG GD\±DQGZHUH VKHHWVKDQN%HLQJDEOHWRWLHNQRWV SDUWLFXODUO\LQWULJXHGE\ LVDFWXDOO\DXVHIXODGXOWVNLOO WKHPLQLDWXUHµVLOHQW ZKHWKHU\RXDUHKDOIZD\XSD EHOOV¶'XULQJWKHVHFRQG PRXQWDLQRULQWKHJDUGHQ ZRUOGZDUDOOFKXUFK 6XPPHULVILQDOO\KHUHDQGZHDUH EHOOVZHUHVLOHQFHGWREH DOOORRNLQJIRUZDUGWRPDNLQJWKH UXQJRQO\LIWKHUHZDVDQ PRVWRIWKHZDUPVXQQ\0RQGD\ LQYDVLRQ7KHWLQ\VLOHQW HYHQLQJV:HVWDUWHGWKHWHUPRII EHOOVHQDEOHG:DUJUDYH¶V ZLWKDWULSWR%RZVH\:RRGVWR EHOOULQJHUVWRFRQWLQXH FRRNVDXVDJHVDQGZHWRDVWHG WRSUDFWLVHGXULQJWKH PDUVKPDOORZGLJHVWLYHELVFXLW ZDU\HDUV 28 ,¶PD%URZQLH±*HWPHRXWRIKHUH ([SORULQJWKHULYHUE\.DWD.DQX %XJKXQWDQGHDWLQJEXJV ,VDEHOOD VHHSLFWXUHOHIW ZDVDQHZ :KDWZDVWKHZRUVWSDUWRI H[SHULHQFHIRUPRVWDQGSURYHGD WKHKROLGD\" ELJKLW±QRGRXEWVHYHUDOIDPLOLHV ZLOOQRZEHLQFRUSRUDWLQJVRPH 6OHHSLQJ DOPRVWXQDQLPRXV ERDWLQJDFWLYLW\LQWRWKHLUVXPPHU :KDWZRXOG\RXPRVWOLNHWR KROLGD\SODQV$VZHOODVOHDUQLQJ GRDJDLQ" WRKDQGOHWKHRDUVWKH%URZQLHV ZHUHDOVRWREHVHHQVLQJLQJDQG %RDWLQJ DJDLQDOPRVWXQDQLPRXV GDQFLQJLQWKHLUERDWVLQFOXGLQJD 'HVFULEHWKHSDFNKROLGD\LQ PHPRUDEOH0DFDUHQD WKUHHZRUGV %DFNRQGU\ODQGWKHSDFHGLGQ¶WOHW ([FLWLQJQRLV\IXQ 5HEHFFD XSZLWKWHDWRSUHSDUH±DQGFOHDU ,QWHUHVWLQJIXQZHW -RFHO\Q XSDIWHUZDUGV±IROORZHGE\ )XQDGYHQWXUHFRRO (OOLH JDPHVKRWFKRFRODWHDQGWKH )XQWHDPZRUNIULHQGVKLS %URZQ WUDGLWLRQDOFDPSILUHVLQJVRQJ 2ZO 7KHQH[WGD\GDZQHGEULJKWDQG VXQQ\DQGKDYLQJKDGDJRRGQLJKW¶V VOHHSLQWKHLUEXQNEHGVWKH%URZQLHV ZHUHUHDG\IRUDQHZVHWRI 7KH:DUJUDYH%URZQLHVKDGD FKDOOHQJHV&RQWLQXLQJWKHEXJ IDEXORXVO\IDQWDVWLFIXQ DQGVXQ WKHPHWKHJLUOVHQMR\HGDEXJWUDLO ILOOHGZHHNHQGIRUWKHLUSDFN DORQJWKHWRZSDWKE\WKHULYHU KROLGD\7KHPHGDVµ,¶PD%URZQLH VSRWWLQJVSLGHUVEXWWHUIOLHVUDEELWV ±*HW0H2XWRI+HUH¶WKHZHHNHQG DQGHYHQDJUDVVKRSSHU%DFNDW JDYHWKHJLUOVWKHRSSRUWXQLW\WR EDVHWKH\WDFNOHGWKHLUYHU\RZQ HQMR\DUDIWRIEXJUHODWHGDFWLYLWLHV µ%XVKWXFNHUWULDO¶WXFNLQJLQWR RQDQGDURXQGWKHZDWHU µPDJJRWV¶ µWDVW\¶ µZRUPV¶DQG )RUPDQ\JLUOVLWZDVWKHLUILUVWWLPH µVOXJV¶ µVZHHW¶ DQGµIURJVSDZQ¶ VWD\LQJDZD\IURPKRPHEXWDQ\ µ\XFN\¶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¶V VDZXVKHDGLQJRIIDURXQGWKH FRPSOLFDWHGDWWKHEHVWRIWLPHV ±SOHDVH" YLOODJHRQDQ(DVWHUVFDYHQJHU DQGHVSHFLDOO\ZKHQVRPHRQHFDOOV KXQW7KH*XLGHVDQG5DQJHUVKDG µ&KDQJH¶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µ*HWWLQJ FRRNLQJDWULSWR+HQOH\DQ 3OHDVHGRFRQWDFWXVLI\RXDUH WRNQRZ\RX¶JDPHVDQGKROGLQJDQ RXWGRRUFLQHPDZDWHUVSRUWVD DEOHWRKHOSXVZLWKWKHKXWDQG LQGRRUFDPSILUH2XULQGRRU GD\WULSWR/RQGRQDQGRIFRXUVH NHHSXV*XLGLQJLQ:DUJUDYH FDPSILUHJDYHXVDFKDQFHWRVLQJ RXUDQQXDOVXPPHUKROLGD\ 7KDQN\RX ROGDQGQHZVRQJVDQGWRWHDFKRXU 7DNHDORRNDWRXUZHEVLWH± IDYRXULWHVWRWKHQHZ*XLGHV2QH ZZZVWZDUJUDYHJXLGHVFRXN±WR JLUOJXLGLQJZDUJUDYH#JPDLOFRP RIRXUILUPIDYRXULWHVLV(GHOZHLVV VHHZKDWHOVHZHJHWXSWRDQG 30 1RQVXUJLFDO0HGLFDO$HVWKHWLFV 6ZHHWKHDUW)DFH/LIW&RQVXOWDWLRQ'D\ 0D\ $VSLUHWRUHYHUVHWKH (YHQWRQO\GLVFRXQW VLJQVRIDJHLQJZLWKWKH eRII1RUPDOSULFH XOWLPDWHQRQVXUJLFDO eSD\eRQWKH ILQHWKUHDGIDFHDQG GD\ QHFNOLIW,QVWDQWUHVXOWV ZLWKPLQLPDOGRZQWLPH 4XRWH:DUJUDYH b 1HZVZKHQ ERRNLQJDQG UHFHLYHDIUHH IDFLDO b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mulberry plants WHOLESALE NURSERY TREES • SHRUBS • HEDGING For Garden Designers, Landscapers & Property Developers www.mulberryplants.co.uk Bath Road, Hare Hatch, (entrance Ladds Garden Village) Reading RG10 9SB BM063851 Phone 0118 9406 580 Email: [email protected] Open Monday – Friday 8am-4.30PM (weekends and BH closed) • All Aspects of Tree Work • Hedge Cutting HEIGHTS • Private and TREE CARE Commercial TO ARRANGE A FREE QUOTE, CONTACT LAURENCE WILLIAMS T 0118 9721003 • M 078135 86735 E [email protected] • www.heightstreecare.co.uk FULLY QUALIFIED PROFESSIONALS £10 MILLION PUBLIC LIABILITY INSURANCE +(1:22' '($1 dƌĂĚŝƚŝŽŶĂůŽĂƚďƵŝůĚŝŶŐΘZĞƐƚŽƌĂƚŝŽŶ DĂŝŶƚĞŶĂŶĐĞΘZĞƉĂŝƌƐ͕^ƚŽƌĂŐĞ͕dƌĂŶƐƉŽƌƚ >ĂŶĚŝŶŐ^ƚĂŐĞΘ:ĞƚƚLJŽŶƐƚƌƵĐƚŝŽŶ͕ZŽƉĞ^ƉůŝĐŝŶŐ ,ŝŐŚYƵĂůŝƚLJsĂƌŶŝƐŚΘWĂŝŶƚ&ŝŶŝƐŚŝŶŐĨŽƌ dƌĂĚŝƚŝŽŶĂůĂŶĚDŽĚĞƌŶŽĂƚƐ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st before 1879 MOT & SERVICE CENTRE - All Makes All Makes Serviced & Repaired using the latest diagnostic equipment A Family Run Independent Funeral Service AnnualA 24 hours service | Private client parking | Private chapel of rest SService Free home visits | Pre-paid funeral plans | Full written estimate from Woodland funerals | Religious and non-religious services MOT £129 Brakes While-u-wait Tel: 01491 573370 Free collection & delivery for www.tomalins.co.uk [email protected] Wargrave News readers. Anderson House, 38 Reading Road, Henley-on-Thames, RG9 1AG Newtown Road, Henley-On-Thames RG9 1HG 01491 577779 www.newtowncarservices.co.uk dŽƚĂůůLJ^ĐƌƵŵƉƚŝŽƵƐ dŽƚĂůůLJ^ĐƌƵŵƉƚŝŽƵƐ Advert Ƭ Ƭ &ŽŽĚ ǤǤ &ŽŽĚ ǤǤ deadline ĞƐƉŽŬĞĂƚĞƌŝŶŐ ͻ ĞƐƉŽŬĞĂƚĞƌŝŶŐ ͻ ͶͶ ͶͶ for April ŽŶƚĂĐƚʹ^ŚĞŝůĂdŚŽƌŶĞ ŽŶƚĂĐƚʹ^ŚĞŝůĂdŚŽƌŶĞ ϬϳϵϯϰͲϲϮϰϴϭϮŵŽďŝůĞ 7HOHSKRQH ϬϳϵϯϰͲϲϮϰϴϭϮŵŽďŝůĞ 7HOHSKRQH Thursday ϬϭϭϴϵͲϰϬϰϰϬϱŚŽŵĞ ϬϭϭϴϵͲϰϬϰϰϬϱŚŽŵĞ 31 May ǁǁǁ͘ƚŽƚĂůůLJƐĐƌƵŵƉƚŝŽƵƐĨŽŽĚ͘ĐŽ͘ƵŬ RU ǁǁǁ͘ƚŽƚĂůůLJƐĐƌƵŵƉƚŝŽƵƐĨŽŽĚ͘ĐŽ͘ƵŬ RU at 6.00pm ƐŚĞŝůĂĞŵƚŚŽƌŶĞΛŐŵĂŝů͘ĐŽŵ ƐŚĞŝůĂĞŵƚŚŽƌŶĞΛŐŵĂŝů͘ĐŽŵ /DWHNHHSLQJYDULHWLHVRI /DWHNHHSLQJYDULHWLHVRI $33/(6 $33/(6 DOOJURZQRQWKHIDUP DOOJURZQRQWKHIDUP &URVV/DQHV &URVV/DQHV 6+23 )UXLW)DUP 6+23 )UXLW)DUP :HGWR6XQ 0DSOHGXUKDP :HGWR6XQ 0DSOHGXUKDP DPSP 5*8: DPSP 5*8: 7HO 7HO 3581,1*&2856(6 3581,1*&2856(6 ERRNQRZIRU-DQ)HE ERRNQRZIRU-DQ)HE ZZZFURVVODQHVIUXLWIDUPFRXN ZZZFURVVODQHVIUXLWIDUPFRXN POVIURP&DYHUVKDPRII$2[IRUGURDG POVIURP&DYHUVKDPRII$2[IRUGURDG &ƵůůŝĂŐŶŽƐƟĐƐƐĞƐƐŵĞŶƚƐĨŽƌLJƐůĞdžŝĂĂŶĚ^Ɖ> +DWHFOHDQLQJEXWQHHGKHOSLQ \RXUKRXVH" dŚĞƉƌŽĨĞƐƐŝŽŶĂůĂƐƐŽĐŝĂƟŽŶŽĨƚĞĂĐŚĞƌƐŽĨƐƚƵĚĞŶƚƐ ǁŝƚŚƐƉĞĐŝĮĐůĞĂƌŶŝŶŐĚŝĸĐƵůƟĞƐ &DOOXVZHORYHFOHDQLQJDQG ŽŵƉƌĞŚĞŶƐŝǀĞĚŝĂŐŶŽƐƟĐƌĞƉŽƌƚƐŝŶĐůƵĚĞƚĞĂĐŚŝŶŐƌĞĐŽŵŵĞŶĚĂƟŽŶƐ͕ KDYHZRUNHGLQWKHDUHDIRU ůĞĂƌŶŝŶŐƐƚƌĂƚĞŐŝĞƐĂŶĚĞdžĂŵĂĐĐĞƐƐĂƌƌĂŶŐĞŵĞŶƚƐ͘ \HDUV5HIHUHQFHVDYDLODEOHIURP WƌŽĚƵĐĞĚŝŶůŝŶĞǁŝƚŚƌĞƋƵŝƌĞŵĞŶƚƐĨŽƌƐĐŚŽŽůƐ͕ĐŽůůĞŐĞƐĂŶĚƵŶŝǀĞƌƐŝƟĞƐ ĨŽƌ^ĨƵŶĚŝŶŐĂƉƉůŝĐĂƟŽŶƐ͘ VDWLVILHGFXVWRPHUV ZĞŐŝƐƚĞƌĞĚǁŝƚŚWdK^^ĂŶĚ^^͘ &RQWDFW0DULDRQ RUHPDLOPHDW ^ƵŝƚĂďůĞĨŽƌĂŐĞϭϬLJĞĂƌƐƵƉǁĂƌĚƐĨŽƌ'^ ͕>ĞǀĞůŽƌĞŐƌĞĞůĞǀĞů ƐƚƵĚĞŶƚƐ͘ PDULDV]#KRWPDLOFRXN͘ ůĂƌĞŽŶŽǀĂŶDŽďŝůĞ͗ϬϳϵϰϭϯϬϴϴϲϲ ŵĂŝů͗ĐůĂƌĞĚŽŶŽǀĂŶϮϬϬϮΛLJĂŚŽŽ͘ĐŽ͘ƵŬ 35 6XFFHVVIRUJLUOVIURP PLQXWHVZLWK«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±=DUD0HJDQ&DOOHQDDQG-HVV±ZRQWKH 7KHUHZHUHPHPEHUVRIVWDIIZKHQ,VWDUWHGGHVSLWH &\EHU)LUVW*LUOV¶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µ:KRZDV5REHUW3LJJRWW"¶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±ZKHUHZDV DUDQVRPZDUHDWWDFNULJKWEHIRUHWKHODXQFKRIKHUQHZ WKHPLOOLQ:DUJUDYH":HNQRZIURPWKH'RPHVGD\ SURGXFW:HKDGWRILJXUHRXWZKRGLGLWDQGKRZZH %RRNWKDWDPLOOH[LVWHGDQGWKDWLWZDVZRUWK GEXW FRXOGSUHYHQWDQRWKHUDWWDFNLQWKHIXWXUH$ORQJZLWK KDGGLVDSSHDUHGEHIRUHGHWDLOHGPDSVZHUHGUDZQ, WKLVZHKDGDVPDOOHUµ(DVWHUHJJ¶FKDOOHQJHVWR KDYHDIHZWKHRULHVDERXWZKHUHLWPLJKWKDYHEHHQ FRPSOHWHZKHUHZHKDGWRILQGDVHFUHWFRGH:HWKHQ IURPP\RZQRQJRLQJUHVHDUFK KDGWRSUHVHQWHYHU\WKLQJWRWKHMXGJHV :KHQZHZHUHFDOOHGRXWDVZLQQHUVQRQHRIXVFRXOG 7KDQN\RXWR3HWHUIRUWDNLQJWKHWLPHWRWDONWRPH EHOLHYHLW:HQHYHULPDJLQHGWKDWZHZRXOGZLQWKH DERXWDYHU\LQWHUHVWLQJSDVWDQGRQJRLQJ FRPSHWLWLRQJRRQ%%&%UHDNIDVWDQGEHLQYLWHGWR FRPPLWPHQWVLQWKHYLOODJH %XFNLQJKDP3DODFHIRUDIWHUQRRQWHD ³PLQXWHVZLWK«´LVDQHZUHJXODUFROXPQDQGZLOO UHWXUQLQWKHQH[WLVVXH %HWKDQ\3HWWLIHU 36 Trusted since 1802 ,)20)=328,%1)7`1%603;`&%7-2+783/) residential sales • lettings • commercial property • development • rural 01491 571111 32 Bell Street, Henley on Thames, Oxon RG9 2BH www.simmonsandsons.com t ^/d ^ /ůŝǀĞŝŶtĂƌŐƌĂǀĞ͘tĞƉƌŽǀŝĚĞƉƌŽĨĞƐƐŝŽŶĂůůLJŚŽƐƚĞĚ ŵŽďŝůĞͲĨƌŝĞŶĚůLJǁĞďƐŝƚĞƐĂƚǀĞƌLJĐŽŵƉĞƟƟǀĞƉƌŝĐĞƐ͘ >ĂƚĞƐƚĚĞƐŝŐŶƚƌĞŶĚƐ͊EĞĞĚĂŶĞǁǁĞďƐŝƚĞ͕ŽƌŶĞĞĚƚŽ ƵƉĚĂƚĞ͍&ĞĞůĨƌĞĞƚŽĐŽŶƚĂĐƚ͗ DƐ͘'ƵůƐĞǀŝŶzŝůŵĂnjĞĂƩLJ ŐƵůƐĞǀŝŶΛŝnjƟŵ͘ĐŽ͘ƵŬǁǁǁ͘ŝnjƟŵ͘ĐŽ͘ƵŬ 37 :DUJUDYH/LGRIXQGUDLVLQJHYHQWV :DUJUDYH/LGRDQG:DUJUDYH%RDWLQJ&OXESUHVHQW 2NWREHUIHVWLQ-XQH 6ZD\DORQJDQGVODS\RXUWKLJKWR%DYDULDQRRPSDKEDQG7KH(GHOZHLVV%DQG ZKLOHGULQNLQJEHHUDQGHDWLQJEUDWZXUVWDQGSUHW]HOVDOORYHUORRNLQJWKH EHDXWLIXO7KDPHV6RGLJRXW\RXUOHGHUKRVHQDQGJUDEDWLFNHWZKLOH\RXFDQ 6DWXUGD\-XQHIURPSP HDFKLQFOXGHVILUVWEHHU DQGDVWHLQWRWDNH KRPH RUZLQHVRIWGULQN &RQWDFWKDQQDK\RXQJ#KRWPDLOFRPRU VLDQEDUU#EWLQWHUQHWFRPIRUWLFNHWV 38 D M King Plastering All types of plastering undertaken 25 years experience Walls and ceilings re-skimmed Skimming over artex Rendering Pebble dashing Plastering repairs Tacking Coving Tel 0118 944 2067 Mob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’S KITCHEN Nikki Alston Professional Caterer 07776 342837 0118 940 3788 [email protected] @ Jff ° dŚĞ ¯½f°tĂƌŐ ƌĂǀĞůŝŶĚŽŵƉĂŶLJ )HQFLQJVXSSOLHGDQGHUHFWHG ZZZJDWHVDJULFXOWXUDOFRXN °¾f°nf °½ ¾¯fůŝŶĚƐ͕^ŚƵƚƚĞƌƐ͕ƵƌƚĂŝŶƐ͕ ¯f¾Ŧ °¾ ¾ ¾ f° °¾ nŦWŽůĞƐΘdƌĂĐŬƐ &ORVH%RDUG 7HOHSKRQH 3DQHOV ¾ţ ¯f°¾ţ I nf¾ţ,ƵŐĞĐŚŽŝĐĞ ĨƌŽŵƚŽƉŵĂŶƵĨĂĐƚƵƌĞƌƐ :URXJKW,URQ 0RELOH I ° f°¾ f° ¯ ŦŦŦ,ŽŵĞĂƉƉŽŝŶƚŵĞŶƚƐʹĨƌĞĞĨŝƚƚŝŶŐ :RRGHQ*DWHV 3RVWDQG5DLO @ ť dĞů͗ϬϭϭϴϵϰϬϭϰϰϯDŽď͗ϬϳϵϭϬϬϳϲϱϮϭ ,ť Ŧff °¾ŦnŦ ǁǁǁ͘ǁĂƌŐƌĂǀĞďůŝŶĚƐ͘ĐŽ͘ƵŬ SPRING MEADOWS AT HIGHFIELD FARM OFFICES to Let on our Rural Business Centre GIBSTORE AT CRAZIES HILL Lockable dry heated STORAGE Various sizes of secure areas available for household or business Call Dick Bush 0118 940 1205 (office) 1,..,¶6NIKKI’S .,7&+(1KITCHEN Nikki Alston Professional1LNNL$OVWRQ Caterer 077763URIHVVLRQDO&DWHUHU 342837 0118 940 3788 [email protected] QLNNLDOVWRQ#JRRJOHPDLOFRP @ Jff ° ¯½f° °¾f°nf °½ ¾¯f ¯f¾Ŧ °¾ ¾ ¾ f° °¾ nŦ ¾ţ ¯f°¾ţ I nf¾ţ I ° f°¾ f° ¯ ŦŦŦ @ ť ,ť Ŧff °¾ŦnŦ SPRING MEADOWS AT HIGHFIELD FARM OFFICES to Let on our Rural Business Centre GIBSTORE AT CRAZIES HILL Lockable dry heated STORAGE Various sizes of secure areas available for household or business Call Dick Bush 0118 940 1205 (office) 41 1HZVIURP\RXUORFDO:,V 0LOO*UHHQ:DUJUDYH:, &RFNSROH*UHHQ:, 2Q$SULO7KH)LYH'D\6ZDQ8SSLQJZDVWKHWLWOH 2Q$SULOSUHVLGHQW$GULHQQH5DQFHZHOFRPHG RIWKHWDONJLYHQE\YLOODJHU6XH0LOWRQ7KLVZDV PHPEHUVDQGRXUVSHDNHU0U-HII1LFKROOV+LV LOOXVWUDWHGZLWKPDQ\ZRQGHUIXOSKRWRJUDSKLFUHFRUGV IDVFLQDWLQJDQGHQWHUWDLQLQJWDONZDVHQWLWOHG$Q WKDW6XHKDVJDWKHUHGRYHUWKH\HDUVVKHKDVEHHQ $XGLHQFHZLWKD0ROH±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±\HDUVEXWQRUPDOO\RQO\RQHRIDOLWWHUZLOO 8SSHUVDQGWDONDERXWWKHFRQVHUYDWLRQRIELUGOLIHDQG VHHWKHIROORZLQJ WROHDUQDERXWWKHERDWVXVHGDQGWKHULYHU VSULQJ7KH\HDW PDLQO\ZRUPVDQG 7KHUHDUHQRZRQO\WKUHHRZQHUVRIVZDQV WKH4XHHQ RWKHUVRLOORYLQJEXJV ZKRVHVZDQXSSHUVZHDUDUHGOLYHU\ WKH:RUVKLSIXO DQGJUXEV7KH\GR 2UGHURI9LQWQHUVZKRKDYHDZKLWHOLYHU\ DQGWKH QRWHDWURRWVRISODQWV :RUVKLSIXO2UGHURI'\HUVZKRKDYHDEOXHOLYHU\7KH RUIORZHUV7KH\QHHG 4XHHQ¶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¶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our Local Village IT Support Service Home users & small businesses in the Walthams, Twyford, Hurst, Binfield, Bray, Wargrave, Henley and Cookham area. PC Health-Check, Tune-Up, Advice and Installation. Virus & Spyware, Data Recovery, Email & Office, Broadband, Wired & Wireless Networks, Skype/VOIP & Webcams. Windows, XP & Vista Operating Systems Independent advice regarding options available for residents outside BT’s Broadband service area. No job too small or too large Katie Sarsfield MBCS 07981 600726 Message Service 0118 932 0061 [email protected] ǦǦ ȋǡ Ǧ ǡ ǡ ǡǡ ǡ ǤȌǤ Ǥ ǤǦ ǤǦǤ Ǥ Ͳ͵ͲͶͺͷͷʹ 43 :DUJUDYHSOD\HULQWKH:RUOG&XS ,Q$XJXVW 0DUWLQDQG0LFKHOOH:RRGVPRYHG DUH(QJOLVK7KHEDOOLVGLIIHUHQW±WKH\XVHWKH LQWRWKHJURXQGVPDQ¶VKRXVHDWWKHUHFUHDWLRQ .RRNDEXUUDEDOOZKLFK,OLNHGEHFDXVHLWIHOWDELW JURXQG0DUWLQ:RRGVKDGDOUHDG\EHHQSOD\LQJDV VPDOOHULQP\KDQGDQGKHOSHGP\RIIVSLQDQGLWZDV DQDOOURXQGHUIRU:DUJUDYH&ULFNHW&OXEIRURYHUD QLFHWREDWDJDLQVWLWEHFDXVHLWGLGQ¶WVZLQJYHU\PXFK GHFDGH7KHLUWZRVRQV$OH[DQG(XDQZHUHERUQLQ 7KHZLFNHWVZHUHDOVRIDVWHUDQGPRUHERXQF\ WKH VDQGKDYHEHFRPHFULFNHWHUVWRR(XDQ 'LG\RXJHWVXQEXUQW" WKH\RXQJHUKDVMXVWUHWXUQHGIURPDZLQWHUµGRZQ 44 :DUJUDYHSOD\HULQWKH 7Z\IRUG6SULQJILHOG :RUOG&XS FRQWLQXHG WDEOHWHQQLV ,IWDEOHWHQQLVLV\RXUVSRUW\RX (XDQDQVZHUVTXLFNTXHVWLRQV SUREDEO\KDYHWRJRWR7Z\IRUGIRULW :KR·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¶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¶V&KXUFK7Z\IRUG 7KXUVGD\ -XO\ 7LFNHWVRQVDOHIURP)ORRU6WRUHRUWKH FKXUFKRIILFH IRUDGXOWVDQG IRUFKLOGUHQ :DUJUDYHDQG6KLSODNH5HJDWWD 2SHQZDWHUVZLP :DUJUDYH%RZOV&OXERSHQGD\ 6DWXUGD\$XJXVW 6XQGD\0D\ DPWRSP %RZOV&OXE(DVW9LHZ5RDG:DUJUDYH5*%+ &RQWDFW 2XUQH[WLVVXH &RS\GDWHSP7KXUVGD\0D\ 7KLVLVDVHOHFWLRQRIQRQUHJXODUHYHQWV 'LVWULEXWLRQIURP)ULGD\-XQH 47 48