HomeMy WebLinkAboutThe Lucknow Sentinel, 1974-05-08, Page 7FARM suppLy.
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SDAY, MAY 8th, 1974 THE LUCKNOW SENTINEL, LUCKNOW, ONTARIO
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DEALERS
Allan Gibson Russel Irvin
R.R. 3 Lucknow R.R. 7, Lucknow
395- 5265 529-7408
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Bladex Patoran Eptam Afesin
24D MCPA Embutox, etc.
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EPORT FROM
UEEN'S PARK
Y MURRAY GAUNT
P.P. HURON - BRUCE
rio Revenue MiniSter Arthur
admitted in debate over the
ce's Land Speculation Tax
e 5010 rate depends entirely
ther Ottawa- will go along
it doesn't., the tax may
o be cut back sharply to
256/0.
Meen said the tax will
o become law before the
ce will know for sure that
the required federal accep-
income or capital gain in calculat-
ing taxable income.
The new tax was a cornerstone
of the Ontario budget ,unv eiled
April 9th and was designed, to
stablilize land prices and so re-
strain inflation.
However, opposition speakers
suggested it would do neither
one:
Stewart's Seed Corn
For Sale
rriving at the 010 tax figure
o assumed that Ottawa
allow individuals and
ations to deduct that
t from their
2704 S.C. 84 2700
4714 D.C. 87 2700
JX952 S.C. 93- 2900
951J D.C. 95 2900
It was further suggested that un-
less Ottawa allowed the specula-
tion tax as a deduction, the tax
on public corporations would . jump
to between 110-112%.
Mr. Meen admitted that under
those circumstances the tax would
be confiscatory and would have to
be abandoned.
A table contained in,the budget
showed that the total tax on land
gains would rise from 31% to 6519
for people and private corporations
not in the business of land dealing
and developing.
For public corporations, the rate CONTACT
JIM AITCHISON BALE
TWINE
HAS ARRIVED AT
- R.R. 2 Lucknow Phone 528-6742
OR /
GARRY MacKENZIE
R.R. 3 Lucknow Phone, 395-5276
Sympathy is extended to Mrs.
John Hunter and Mrs. Lorne Cook
and their family in the passing of
their mother , Mrs. Frank Hamil-
ton or Masonvilla Nursing Home
in LOndon.
Mr. and -Mrs. Harvey Ritchie
visited Sunday afternoon with his
sister, Mr. and Mrs. Elmer Wall
of Teeswater. -
Mr. and Mrs. Russel Swan and
family visited Sunday with her
brother, Mr. and Mrs. Bett Emnier•
ton.at the home of her parents,
Mr. and Mrs. Gordon Emrnerton of
Kincardine. It was the occasion
of the baptism of Mrs. Swan's
niece, Denise Emmerton, at Lurg-
an Anglican Church.
• Mr. and Mrs. tom Helm and
Janine were supper guests on Sun-
day at the home of Mr. and Mrs.
John Hunter and family.
Mrs. Charles Wilkins and Ken-
ny;` Mrs. Lorne. Cook and Janice;
Mrs. Allan Gibson and Glen were
among the ones that went on a bus
trip on Friday Of laSt week with
Grade .1 pupils of Brookside public
school. They went to Rockton to'
the Lion Safari.
Mr. and Mrs. Dotiglas Raynard,
Diane, Debbie and Donna visited
Sunday afternoon with his parents
Mr. and Mrs. Nelson Raynard of .
Lucknow.
Wanda Hunter , schoOl teacher
in St. Catharines, spent the week
end at home with her parents Mr.
and Mrs. Jim Hunter.
Mr. and Mrs. Lorne Cook and.
family had as visitors her sister
Mr. and Mrs. Jim SmuCk of Lon-
don on Thursday evening her
niece, Mr. and Mrs. Ronald Stan-
ley and Jason of LucknOw Satur-
day evening; her sister, Mr. and
Mrs. Harold Elliott and family of,
Ripley on Sunday afternoon.
Mr. and Mrs. Arthur Stewart of,
Port Albert were dinner guests on
Sunday at the home of Mr. and -
Mrs.,Frank Ritchie.
Mr. and Mrs. Eldon Ritchie arid
family had her parents Mr. and
Mrs. Ernest Bogie 'of Goderich, on
Sunday afternoon.
Barbara Wilkins visited 'a girl
friend , Mary Sthkura of Walkerton
Saturday afternoon. Barbara and
Mary attended school at University
of Guelph.
THE LUCKNOW DISTRICT CO-OP
PLEASE PICK UP AS SOON AS POSSIBLE
'the massive roof beams in an
attic over the fourth floor in the
North Eastern corner of the 81 year
Old seat of Government.
The Provincia,l Government
does not carry fire insurance on its
buildings because it feels that it
is cheaper to accept the, risk rath-
er than pay enormous premiums.
In 1909 a fire caused $700 ,000
damage to the building.
Help your
Newt Fund Increased Yields
Control Weeds
IN
would' go from 60% to 80%, all of.
Which was based on the thought '
that the tax would be allowed as a
deduction.
SeVeral Liberal spokesmen said
the bill will turn developers into '
builders, choosing to construct
housing rather than sell lots to
small builders, who
Might then be driven out of busi-
ness.
A strike at 11 Metro Toronto area
hospitals was averted this week
when a tentative settlement was
reached giving 6,000 hospital •
workers wage increases of $1.50
an hour in five stages during 2
years.
Honourable Frank Miller, Ont-
ario's Health Minister had inter-
vened in the dispute by announc-
ing that Ontario hospitals would be
allowed to exceed Goverment
spending ceilings because of "sev-
ere inflationary factors". He •said
the ceilings remain, but adjust-
ments will be made to cover both
increased costs of materials and
better wages for workers.
There was more than the usual
excitement around, Queen' Park
this week. A lunch hour fire cans:
ed damage estimated at
$14,000 to the main- building and
contents.
Twelve fire trucks were sent to
the blaze which was confined to
CORN
* SUTAN
* ATRAZINE 80W
* AATREX 90W
* MARZONE
* AMITROLE T
* BLADEX
* CORN OIL * 2, 4-D AMINE 80
MCPA AMINE 80
K ABOUT SPECIAL DISCOUNT
AT
M.J. Sm ith
SEED AND GRAIN CO. LTD.
RT ALIIERT PHONE 529-7135
BEANS
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