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HomeMy WebLinkAboutThe Huron Expositor, 1970-03-12, Page 6MEET YOUR FRIENDS AND CELEBRATE ST. PATRICK'S DAY SATURDAY, MARCH 14th Fred & Elsie Harburn PHILCO RADIO & TV Kelvinator Appliances For General Hardware Needs ' on St. Patrick's Day and all year round, Visit '*11)11/1 BUTTERS, HOME HARDWARE DEALER Phone 345-2273 : DUBLIN Southern Fried Chicken Snacks at the HURON HOTEL DUBLIN Custom BUTCHERING LOCKER SERVICE Fresh & Cured Meats FROZEN FOODS FRIEND & WHETH!)i4y1 Government Inspected Slaughtel- House • Phone 345-2360 DUBLIN For Local and Long Distance Hauling . Call — CRONIN TRANSPORT LIVESTOCK — FERTILIZER ' Phone 345-2200 Dublin P.C.V., D., F., and F HIBBERT Co.oP . Dairy Products Are Good • BUTTER, CHEESE, MILK Manufacturer of STAFFA BRAND BUTTER Staffa, Ontario 345-2567 ED. ROWLAND plumbing & heating Dublin- - Phone 345,211W4 FOR ALL YOUR INSURANCE NEEDS PHONE 345-2800 DUBLIN • 41 * • • iw • • • . . . and should yoit be needing Rural Electrical Contracting * * * Appliances Call at . . GEORGE'S REPAIR SHOP Phone 345-2382 'DUBLIN Guaranteed Investment Certificates now Paying 9%. SEE Holland & Moore MITCHELL Phone 345-2512 . Phone 348-9061 DUBLIN LOOBY CONSTRUCTION LIMITED — GENERAL CONTRACTING BRIDGES CULVERTS .T" `.--THE HURON EXPOSITOR, SEAFORTH, ONT., MAR, 12, 1970 News, of weeigemasumwsmiloweaceseiemewasamene tY WINCHELSEA Euchre • Correspondent Mrs.WravWalters Phone 345-2964 DUBLIN Discuss Changes a P. T. A. Meeting Correspondent Mrs. Bob Cronin Mr. and Mrs. Jerry Eckert and family, Owen Sound, with' Mrs. Louise Eckert and Mike... Mr. and Mrs. Maurice Dal- ton, Stratford, Mr. and Mrs. Wilfred C oriveau, Kitchener, Mr. and Mrs. Leo Ryan, Kitchener, Mr. and Mrs. Cyril,Murray, Kit- Ahener, Mr. and Mrs. LeoCronin cton, Mr. and Mrs. David Regier Kitchener, Mr. and Mrs. Roy McQuaid, Kitchener, were at- tending the funeral of Mrs. Fer- gus Horan onSaturday March 6th. Mr. and Mrs. Carman Fadden and family, Toronto,. and Mr. and Mrs. Mike Maloney, Strat- ford, were visiting with Mr. and Mrs. Wilfred Maloney. Mr. and Mrs. Larry Cook, Toronto, were visiting with Mrs'? Louis Bruxer and Jerry: • Mr. and Mrs. Ron Agar, Wind- sor.. were visiting with Mr. and Mrs: Ed, Stapleton and family over the weekend. Mr. and Mrs. ,Jim Ouelette and Donald, Belle River, were visiting with Mr, and Mts. Hugh Benninger and family. Mrs. James Krauskopf, Lon- don, was visiting with Mrs. Kate Krauskopf over the weekend. Mr. and Mrs.-Charles Pryce, Stratford, were visiting with Mr. and MrS. Joe Shea and family. Mr. Jerry Murray spent the weekend with his mother, MrS. Melva Murray, Also, Mrs. Vera McKay of Detroit spent the week- end with Mrs. Murray ,while at- tending the funeral of her sister, Mrs. Ronan. Mr. and Mrs. Don Muegge, Woodstock, were vrsiting with' Mr. and Mrs. Wilfred O'Rourke and other memberS of their fami- lies over the weekend. Mr. and Mrs, Bill Feeney and family were visiting with Mrs. Nicholas Krauskopf. Miss Pat Wallace, London, was visiting -with Mr. and Mrs. Charles Friend and Melba Jean during the week. BY Michael Moore in the news published by the United Co- operative of Ontario. Every Canadian who pays in- come tax will be affected by the proposals of the federal White paper on taxation,,- if, they are implemented. Ontario farmers will be no exception. While changes are 'proposed in the methOd of depreciating farin assets, and in the' taxa- tion of small corporations, the plan that has farmers wondering most is the tax on capital gains when a man sells his , farm. Basically, the proposal is to tax the profit on the sale of a farm, as , part of the seller's income. This will not, however, in- clude profit from the increase in the " Mrm's value before a special Valuatiohay to be pro- claimed by the federal Govern- ment some time late in 1970. IncreaSed value before then will not be taxable.. • " Furthermore, when the far- mer lives in a house on the farm, he will be able to deduct, for each year up to the time he sells it, the same $1,000 for rising property values and $150 for maintenance and improvement as a city person will be able to de- - Net on his house.1 This `will be clearer if we look at an example. Suppose you bought a farm in the early Nine- teen Fifties for $45,000. By valuation day at the end of 1970,' it is worth $97,000. In 1980, you sell the farm for $120,000 and retire. You then de- duct the value on V-bay (not the price you paid before then) from the selling price and find you had a gross profit of $23,000. From this, you are allowed to deduct $1,000 plus $150 for each year you have owned the farm since V-Day, a total deduction .for the 10 years of $11,500. Therefore, your net profit on the sale would be $21,000 minus $11,500 equals $12,500. This ,would have to be added to your taxable income in the year 1980, so it is obvious it would be better to spread the sale out over a periodof years with a mortgage, • thereby reducing the amount added to income in aay one year. *.For instance if the payments were received over a period of 20 years, only one twentieth of the $12,500 would have to be added to the tastable income each year. (plus the interest received that year on the mortgage.) While $150 a year is de- ductible for maintenance, this is only an automatic deductible. If you have spent more in any year,- but not deducted it from your in- come as an expense that year, you may apply it as a deduction from . The Dublin Parent Teachers Association held their meeting Monday in the Dublin Separate School Auditorium. Sixty people were in attendance The guest speaker for the ' evening ,was Sister Judith from Loretta Aca- demy, Stratford. Sister Judith talked' on changes in the religion course in school. The main ideas behind the changes is ,to pre- pare the children for a better understanding of the doctrines taught in the religion classes and to live better in to-day's world. Sister Shirley explained the new Method of reporting the progress of students to their parents. The new method is cal- led "Anecdotal Report". Each child will be given a slip of paper with the name of the sub- ject on it, but there will be no mark. Instead a comment on the actual difficulty will be writ- ten to enable the parent to see where the problem lies. -This new system is going tote used throughout the Huron-Perth Se- parate Schools. Sister Shirley also outlined the metnod to be used in helping children who are weak in some subjects. In , 'dividual attention will be giyen to these students. Lunch was served by the mothers of stu- dents from Mrs. MeCreight's room. Hibbert Township Council, at their regular meeting accepted the tender of J. G. Stiles, Brus- sels, Ontario, for the supply and delivery of approximately 15,000 yds. of pit run gravel at 47 1/2 cents per cu. yd. for the recon- struction of 1 1/4 miles of road on 'Con. roads 12-13, lots 25 to 30. Other, tenders received ranged from 40 to 80 per cu. yd. Roth Drainage Gadshill, and Robert Nicholson were the suc- cessful bidders on the closed' and open portions of the Roney mitted to changing anything yet. But 'when you talk to Finance Minister Edgar Benson, you get the feeling he does not plan to change much that's new on the' White Paper. And, he says, in' the early weeks after the report was released his letters from the public ran 10-to-one in fa- vour. Recent reports indicate that he may concede some of his points, however. Sports Beat (continued from page 3) mobsters bet against Detroit in the stretch drive and bet heavily against McLain in his final start (he lost 8-5, lasting less than three innings). The sad part,about the whole episode is the apparent easy manner in which mobsters get to meet athletes - and influence 'them. If anyone wanted to "fix"'a hockey game, the goalie would be the„ key in any plan. In football, it's the quarterback, and in base- ball, it's the pitcher. 'The temptatiOn,fOr a Mobster to make a big kill is alwaysThere. SpOrt must see that criminals are kept away from the athletes - even if it means putting detec- tives on the trails of athletes. The hotkey, football, and baseball star is in the public eye. If he is unwilling to have all his activktles investigated, then it is up to sport to suspend him. • The fans who pay top dollar to see athletes do their beSt, must not be short-changed. It is time all sport followed the lead of the National Football League and employed full-time criminal investigators to pro- tect the game. Time is running out, Miss Janet Bern of London spent the week end with Mr. and Mrs. Phil Hero and boys. Mr. and Mrs. Robert Bibby and family of Kirkton visited on Monday with Mrs. John Coward. Miss Ruth Horne of London spent the week end with Mr. and Mrs. Freeman Herne. Mr. Danny Waiters attended the Guenther Tuckey banquet on Saturday evening at the Dash- 'wood Community Centre. Mr. and Mrs. George Frayne visited on Sunday with Mr. and Mrs. Bob Patterson, Leslie and Linda. Mr. and Mrs. MurrayCoward and family of Sunshine Line visit- ed on Seaclas evening with Mr._ 'and Mrs. Phil- Hern and boys. Mr.. and Mrs. Wm. Walters visited on Sunday with Mr. and Mrs. Howard Dayman and family of Kippen. Mr. and Mrs. Gerry Grubbe, Michael and Glenn of Farquhar and Mr. and Mrs. Harry Cole of London visited on Sunday with Mr. and Mrs. Freeman Horne. Mr. and Mrs. Phil Hern had 'as their guests on Sunday; Mr. and Mrs. Gary Simpson and Mr. and Mrs. Ward Hero, Mr. and Mrs. Bev. Skinner and boys of Exeter, Mr. and Mrs. Bill Dix- on' and family of •Ailsa Craig. The Elimville U.C.W. enter- tained the Thames Road U.C.W. on Friday for World's Day of Prayer Service. Mr. .and Mrs. George Frayne visited oh Friday in Exeter with Mg. and Mrs. Ross Mathers and Larry. Municipal • Drain. Work will be completed in 1970. - A resolution was passed to proceed with 'an official plan af- ter the new Mitchell and District Planning Board has been ex- panded. - Notice has been received that the Perth County Anti-Rabies vaccinationZi.nic will be, held in the Township Shed, Monday, March 23,, from 9.30 a.m. to 12,30 p.m. A grant of $52.00 was ap- proved tov the South Huron Agri- cultural Society for 13 calves shown from Hibbert Township in 1969. , Road account,.-) for $2579.02 and General accounts for $2347.85 were ordered paid. The next regular meeting Monday, April 6th, at 8 p.m. For Your St,. Pats Menu St. Patrick's Potato Bake Buttered Green Peas. Sliced Ontario Hothouse Tomatoes and Cucumbers peppermint Ice Creain Crisp Cookies Although St. Patrick was the Patron Saint of Ireland, every- one enjoys celebrating St.Pat- rick's Day and "the Wearin' o' the Green". What better way to celebrate, than to serve yoiir family a -tasty St. Patrick's po- tato bake and buttered green peas. Ontario hothouse tomatoes and cucumbers, ,available in-in- creasing quantities now, make the perfect salad to round out your salute to St. Patrick. St.,Patrick's Potato Bake 3 cups mashed potatoes 2 cups flaked canned corned beef or 2 'cups flaked canned salmon 2 eggs, beaten until light, and foamy 1/2 cup 'onion (finely chopped) salt and pepper to taste 1 tsp, parsley, minced 1. Whip mashed potatoes until light and flu y. 2. Fold in minced corned beef or salmon, salt, pepper and parsley. 3. Cotribine above with beaten eggs, and beat until light and fluffy. 4. pour into a buttered baking dish and bake at 350 degrees F for 30 to 40 minutes. ' The Elimville Women's In- stitute euchre was held at Elim- ville on Monday evening with nine tables in play. The commit- tee in charge was Mrs. Phil Johns. Mrs:Jackson Woods and Mrs, Martin De Jonge. Winners were Ladies • high - Mrs. John Coward; Ladies lone hands - Mrs. George Davis; Men's high - John Batten; Men's lone hands - Allen Johns; Lucky cup - John Batten. 111111111131MINIMMINIIIMIIIMP 4:4610 Lou Rowland TRUCKING DUBLIN Phone 345-2301 FITNESS • CLUB MEETS, The Dublin Ladles' Physical , Fitness Club will not get to- gether as usual on March 17th owing to .other activities at St. Patrick's Church. Regular exer- cises will resume on the 29th March. On Tuesday evening, March 10th, twenty-four ladies were in attendance and a very beneficial evening was held. On Friday evening boys from grade 7 to 10 met in the Dublin Separate School Auditorium. un- der the supervision of Sister Shirley where they played floor hockey and basketball. Mrs. Frank (Kathleen) Fee- ney„ formerly of Dublin, pasSed away suddenly at the Carmelite Home for the Aged in Erindale, Ontario. Mr. and Mrs. Jack O'Rourke and family, Mr. Frank Cronin, and Mr. and Mrs. Bob Cronin and family were visiting with Mr. and Mrs. Lorne Cronin and family on Sunday. Mr. and Mrs. Petet Willems have returned from a three week vacation in California. Mr: and Mrs. Gordon Cos- tello and family, Westbrooke, were visiting with Mr. and Mrs. -Dan Costello, Also Monseignor Feeney and Mr. and Mrs. ,Doug McGilvery and family, London, were with Mr. and Mrs. Costello during the week. your gross profit on-sale., 'Also deductible is estate tax paid on the farm before it is sold.' This raises another ,important point: the increase in value is taxable only when the farm is sold.lf it is passed from genera- tion to 'generation without being sold it is not subject to capital gains tax. (Of course, it is sub- ject to death duties.) Because the deductions total $1,150 a year, regarcfleskof the size or value of the farm , the pro- posals in the•tax Vhite paper will hear most heavily on the big farm. The farm valued at $40,000 could increase almost 3 Or cent a year in value without the owner incur- ring a taxable gain; for a farm valued at $170,000, the tax-free gain rate would only be about one- third of one per cent. -Thus, if the $170,000 farm increased its value at a rate of two per cent yearly, or .$3,400 a year, tax would even- tually be payable on $2,250 of this. A number of other proposals directly affect the farmer. Small corporations will be taxed at the same rate as large Ones - 50 per cent, and then the owner receiving dividends will get a compensating tax credit. Thert will, therefore, be no tax incentive to the busi- nessman (or farmer) to incor- porate. Capital gains other than on the sale of the farm will 'also be taxed; Therefore the concept of the basic herd - a device to re- state some of the farmer's in- come as`capital gain - will be- Come redundant. Another implication of a tax on capital gains is that gains on the sale of depreciated assets will be taxable. It will probably there- fore be most advantageous to the farmer to switch from straight- line depreciation to the declining balance systein, where deprecia- tion is calculated on classes of objects, thereby softening the impact of sale of individual as- sets. (And the rate of deprecia- tion is higher in the first tew years than under the straight- line method.) And, of course, all farmers will benefit from the increase in the basic deductions for the tax- pWYer and for his wife to $1,400 from $1,000. More than off.,L setting this will be higher-111r- ginal rates of tax for those with incomes lb the $10,000 to #20,000 br aelc et . While we have used the word "will" throtighout this story, the proposals of the White Paper have not' yet been adopted. After enough time for the federal Go- vernment to gauge public - re- action, a bill will be introduced in the Commons to enact all or mast of the White Paper provi- sions, perhaps slightly modified. So the Government is not corn- he Farther • And the White Paper Hibbert Council Accepts Gravel, Drain Tenders Custom CHOPPING • * CEMENT FOR SALE , All Kinds of Grain 9 Bought and Sold FERTILIZER 0 FEED . SEEDS OIL WM STAPLETON • • & SON Coal Merchants Phone 345-2330, Dublin