Mayor's Report
Cheltenham is one of Caledon’s Credit River historic mill villages.This quant village was originally part of Chinguacousy Township, which was surveyed in 1818 and 1819, and later, in 1820, opened for settlement. It offered excellent farmland, and growth occurred relatively quickly.
The first settler in the area was Charles Haines, a millwright from Cheltenham, England. Haines arrived in York (Toronto) in 1817 and was granted a lot next to the Credit River. By 1827, Haines was operating a small, water-powered grist mill built of logs. The importance of the mill to the area resulted in the establishment of the village, named by Haines’ after his birthplace in England. Milling remained a key industry in the village until 1945, when the mill burned down and was not re-built.
The first store was built in 1842 by a member of the Haines family, followed by the first tavern to open in 1845, and the second in 1848. A blacksmith shop opened in 1850, and remained in operation on the same location until 1950. To keep pace with agricultural development in the surrounding area, Haines replaced the original mill with a larger one in 1847 which produced flour, as well as doing chopping and gristing.
By 1850, Chinguacousy Township, was the second largest wheat producing area in Ontario and this benefitted a milling village like Cheltenham. By 1851, the village was well-established as a wheat exporter, and had a population of 225 people. It may interest you to learn that in 1860 Brampton was no larger than Cheltenham. One of the village’s local products was Wheat Whiskey, known as being “smooth, with no bite, and going down like molasses.”
The arrival of the railways on the north and east outskirts of the village (Hamilton and Northwestern in 1874; Credit Valley Railway in 1877 — later CPR) allowed for wheat to be shipped into Cheltenham for milling from western Ontario and later western Canada, and for easier export to broader markets.
In 1887, a fire destroyed an entire block of businesses in the heart of the village on the west side of Creditview Road. These were quickly replaced with two buildings that are still standing — the Cheltenham Village Store (in stone) and the real estate office and apartments (formerly a hotel) next to it (in brick).
While the railways initially boosted Cheltenham’s economy, they also eventually undermined its role as a primary local agricultural service centre, allowing for easy out-migration and the import of competing products and services. The village’s mainstay of small businesses gradually declined toward the end of the 1800s, and Cheltenham was reduced to a secondary service centre, its role replaced by the bigger centre of Brampton. The saw mill and grist mill remained the key industries into the 1900s, as Cheltenham became a quieter, agricultural based community.
Brampton Brick Reports Results for the Third Quarter Ended ...
BRAMPTON, ONTARIO — (Marketwire) — 11/04/10 — (All amounts are stated in thousands of Canadian dollars, except per share amounts.)
Brampton Brick Limited (TSX: BBL.A) today reported net income of $281, or $0.03 per share for the third quarter ended September 30, 2010, compared to a loss of $77, or $0.01 per share, for the third quarter of 2009. The aggregate basic weighted average number of Class A Subordinate Voting Shares (“Class A shares”) and Class B Multiple Voting Shares (“Class B shares”) outstanding was 10,937,000 in both periods.
For the nine month period ended September 30, 2010, the Company incurred a loss of $2,975, or $0.27 per share, compared to loss of $9,578, or $0.88 per share, for the corresponding period in 2009. The aggregate weighted average number of Class A Subordinate Voting Shares (“Class A shares”) and Class B Multiple Voting Shares (“Class B shares”) outstanding was also 10,937,000 in both periods.
RESULTS OF OPERATIONS
Three months ended September 30
Net sales of $20,616 reflected an increase of $1,382 over net sales of $19,234 for the same period in 2009. The improvement in net sales was the result of a 19.0% increase in net sales in the Masonry Products business segment. This increase was partially offset by a small decrease in net sales in the Landscape Products business segment and in the Company’s 50% share of net sales of the waste composting operations of Universal Resource Recovery Inc. (“Universal”).
Selling, general and administrative expenses increased due to higher advertising and marketing costs related to the introduction of new products and higher personnel costs.
Operating income for the quarter, before interest and other items, was $1,584, representing an improvement of $466 over operating income of $1,118 reported in the third quarter of 2009.
Interest on long-term debt increased by $255 to $1,032 due to higher term debt outstanding during the third quarter of 2010 compared to the same period in 2009.
The Company recorded a foreign currency exchange gain of $37 for the third quarter ended September 30, 2010. In 2009, a strengthening Canadian dollar and higher net monetary liabilities denominated in a foreign currency produced a gain of $161.
The provision for income taxes for the third quarter of 2010 reflected an effective income tax rate of approximately 10.8%. In 2009 the recovery of income taxes reflected an effective rate of 114.9%. Valuation allowances have been recorded in both 2010 and 2009 against the future income tax benefit that would otherwise have been recorded with respect to the non-capital losses incurred by the Company’s U.S. operations and by Universal. These valuation allowances have caused the effective income tax rates to be significantly different from the normalized rates of approximately 29.0% in 2010 and 31.0% in 2009.
Brampton Brick Plant - Bookshelf
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Brampton Brick - About Us
The Brampton Brick story begins in 1871 when James Packham opened the Packham Brick Works on the east side of Brampton, south of Queen St. and the railway tracks.
Follow The Clay To Brick Road
While Brampton Brick has a single plant that can make nearly 300 ... Duke says Brampton Brick has its own trucking company and has delivered up to 20 million ...
Brampton Brick Reports Results for the First Quarter Ended ...
BRAMPTON, ONTARIO--(Marketwire - 05/09/11) - (All amounts are stated in thousands of Canadian dollars, except per share amounts.)Brampton Brick Limited (TSX:BBL.A ...
Brampton Brick Reports Results for the First Quarter Ended ...
BRAMPTON, ONTARIO--(Marketwire - May 9, 2011) -(All amounts are stated in thousands of Canadian dollars, except per share amounts.)Brampton Brick Limited (TSX:BBL.A) ...
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