The URL can be used to link to this page

Home My WebLink AboutThe Huron Expositor, 1971-12-23, Page 4hristmas, go, Wishing that the boy of the first (hristmos is yours. ... •• ' a ""' From CHRIS and Ineke at the SNACK SHACK and personal service industries. Although overall capital in- vestment in farming is substant- ial, it varies widely across Can- ada, ranging from a high of $75,000 in Alberta to a low of $26',000 in the Atlantic Provin- ces. Hqwever, these averages tend to obscure the true picture with respect to specialized farming operations. A major reason for .the growth in capital requirements in farming, beyond that neces- sary for investment in land, building and machinery, is the substantial amount of money needed to purchas9 the many off- Complete Swimming Classes The present phase of swim- ming instruction classes spon- sored by the.Huron-PerthRoman Catholic Separate School Board and carried out in the Stratford YM-YWCA pool has been com- pleted. The courses involved 211 students from the following schools: Immaculate Conception, St. Michael's, St. Ambrose, from Stratford; St. Boniface, Zurich; Ecole Ste: Marie, St. Joseph; St. Mary's, Hesson; St. Patrick's Dublin; and St. Columban. The course Involved nine swimming activities in the non- swimmer course. The children had to jump into shallow water, bob five times with eyes open, jellyfish float, do a front float and then' quickly stand up, do a back float and quickly stand up, roll over -from a front float to a back flo at, roll over from a back float to a front float, a front. float with a flutter kick 15 feet, and a back float with a flutter kick 15 feet. The non-swimmers test was passed by, 102 children: Ienac- ulate Conception 7, Zurich 13, Hesson 25, St. Ambrose 17, Ecole Ste. Marie 10, Dublin and St. Columban 17, St. Michael's 13. Thirty-one passed the be- ginner, level 1 test; 11 passed the beginner, level 2 test; 28 children who were not ready to pass the desiganted tests at least overcame their great fear of the water. The balance of the child- ren passed into higher levels of first or second star rating. Beginning in January, 1972, . the following schools will be taking part in a new course: St. ColunThan, Grades 7 and 8; Hesson, 5 and 6; St. ,Michael's, 5 and 6; Kinkora, 4; St. Aloy- sius, 3 and 4; St. Mary's, 3 and 4; Immaculate Conception,5. Use Christmas Seals. It's a matter of life and breath. Fight emphysema, tuberculosis, and other respiratory diseases The freshness of new fallen snow awakens deep reflections of holiday sentiments. We express the hope that good will and brotherhood prevail to bring lasting peace among us. The best of the season to you and sincere thanks for your loyalty. i,]G•th 0 SALES 0.9•44 Sirotyrc&- *i• Ar 527-1750 • SEAFORTH 4,-THE HURON EXPOSITOR, SEAFORTH, ONT , DEC, 23, 1971 Farm Capital Needs Show Steady Increase Canada'.s fanning industry, already capital,intensive,' will become even more so in the future, presenting both farmers and commercial lenders with new challenges to satisfy the growing capital needs, accord- ing to the current Commercial Letter of Canadian Imperial Bank of Commerce. As capital requirements in- crease, Canadian farmers will require larger amounts of credit. While production decis- ions will continue to be vital, financial decisions will become increasingly• more critical and farmers will be required to demonstrate their ability as financial managers because, the Bank publication notes, 4 The security which a farmer is able to offer in support of a loan is likely to become relatively less important while his, ability as a Manager, particularly a money manager, will receive more con- sideration in farm credit analysis' . The individual farmer will, therefore, find it to his advantage to maintain appropriate farm re- cord-keeping systems to produce both physical and financial data, so that his financial position and credit needs can be clearly pre- sented to the prospective lender. For their part, lenders - par- ticularly Canada's chartered banks - must "be prepared to adopt an imaginative approach in meeting the changing credit de- mands of the industry" the Corn- merce Letter states. The Letter notes that chartered banks are uniquely suited to serve farmers and constitute the principal source of short- and intermediate-term credit for the farming industry. The national character of char- fered banks facilitates the mobility of funds while their net- works of rural branches ensure availability of lending resources when demand for credit is high. In addition, farm operators have the same broad range of banking services available to them as businessmen in urban centres. More importantly, several dhartered banks have already established agricultural depart- ments, staffed by. agricultural specialists. An important func- tion of these departments is to keep rural managers abreast of developments in agriculture and to help them to more accurately assess the farmer's capacity as a manager, par- ticularly as a financial manager. The Letter refers to a study recently completed by the University of Guelph which indi- cates that the total amount of capital investment of the farm- ing sector will reach as much as $55 billion by 1980, a 140 per cent increase over the 1969 total. According to the study, capital requirements per farm are ex- pected to average as high as $174,000 by 1980'- a spectacular 200 per cent increase over 1969. The obvious result of this . development will be that farmers will need more credit.. The study forecasts that farm credit ex- tended in 1980 could reach $5.5 billion compared to the $2.2 billion loanelln 1969. Farman stillstill a major in- dustry in Canada. Based on a 1969 srvey, capital invest-. merit as Measured by the then current value of land and build- ings, implements and machinery, livestock and poultry was estim- ated to have reached $23.3 billion. The Commercial Letter points out that, by comparison, the total investment in plant, property and equipment by 25 major Canadian industry groups in 1970 was approximately $39 billion. These groups included mining, manufacturing, storage, communications, transportation, utilities, (electric power, gas and water), Wholesale and re-; tail trade, community, business farm twits essential to modern farmIng.These include fertilizer, seeds, fuel electricity, pes- ticides, and herbicides. In 1970 total farm operating expensea , were, $2.8 billion compared to an annual average of only $403 mil- lion in the 1935-39 period. Looking to the future, the Bank's Commercial Letter in- cludes, , „Canada's farmers have met the challenges inherent in the application of increasingly sophisticated technology to their operations. There is every rea- son for confidence that they will respond with equal vigour and effectiveness to the challenge of financial management." To all men of good will ...to all our good friends ...we send greetings for a happy holiday. 'We appreciate your loyal patronage. MGERICH'S LIMITED ig!ANIggvifylarger.:iiguggiggt Act' To each of you, a holiday filled with its own special excifement and enchantment. From us, many thanks for your patronage. . S. BOX Ltd. FURNITURE STORE FUNERAL BOMB Phone 527-0680 Phone 527-0885 Seaforth Co-op will be closed Christmas Day, Boxing Day and New Year's Day Christmas! That special time of the year. A time when families and friends gather together to share and enjoy the season. And a time when we give special thanks. Your Board of Directors, The Management and Staff SEAFORTH FARMERS Phone S27-0770 Seaforth ROBERT McMILLAN, -President OLIVER PRYCE; Vice-President EARL McSPADDEN, Secretary, DIRECTORS:' Wilfred Coleman, Ken Campbefrli,Gerp,14 Van den Hengel, Donald McKercher GORDON ELLIOTT; Manager, Norman Eggert, Tom Carter, Steve Lupel, Jim Carter, Jack Sinclair, Mrs, Grace Coleman, Iloy Elliott, Win. Little Happy holidays! Hope they're packed with spirited, fun times and Jots of special 'Christmas cheer. JAMES P. KRAUSKOPF Plumbing and Heating 345-2974 — DUBLIN