The Huron Expositor, 1972-12-07, Page 12HURON rfixPosITOR, sEA1F9Rrfrf PEC, 74 1972
junior; cheerleaders picked .41
Student spotlight
a ( curse at Fanshaw College in
Child Care. Along this same
line, she hopes to get a job
next summer at Palmerston in
a children's home. Whatever
she does, Heather still will have
lots of busy days ahead of her
at Seaforth.
Band
Christmas time means,abusy
schedule for the Girls' Trumpet
Band with many Santa Claus
Math Club. Outside of school parades coming up. The girls
Heather is a membe of her paraded Sat. Dec. 2nd in God-
church nhoir and the Yo Peo- erich amid slush and cold winds
pie's group. Favourite subjects but wet feet were all made worth-
are French and Math. This is while when the girls were treat-
Heather's last year at SDHS ed to Kentucky Fried Chicken
and next year she hopes to take afterwards in the Legion Hall.
This Sat. Dec., 9th the girls
go to Wingham for a parade there
and it is hoped that the hand
is met by clear skies and sun-
shine, just to make their job a
little easier.
The boys' basketball has
gotten under way with 2 games
being played tc date. Both were
exhibition games against park-
hill on Thursday', Nov. 30th and
Mitchell on Monday Dec. 4th.
Unfortunately, neither Seaforth
teams were successful in their
games but thig was not their ,
main objective in playing, but
rather to try different offenses
and defences to find one that
is right for them. Hopefully
this practise will pay off in
their first scheduled game ag-
ainst "St. Marys on Dec. 13th.
Let's not forget, the Parent's
night held this Friday night tog;, Varna , hog and white _bean enable the public to come out farmer Gordon Hill was re- and see the teams in action . elected president of the Ontario against the London Lord's has-"
-ketball team. Federation of Agriculture at the
OFA' s annual convention
in Hamilton last week.
He is the first to serve four
consecutive presidential terms.
The Hamilton meeting also
re-elected Port Burwell fresh
fruit farmer Frank Wall, first
vice-president, and Keith 1VI atthle
to serve as second vice-presi-
dent.
Farmer-directors elected
Grace Stalker, Bath; Mason
Bailey, Blyth; Bruce Taylor,
Enniskillen; and Delmer Bennett
of Forresters Falls to the other
four executive posts.
The 476 farmers who attended
the annual meeting represent the
Federation's 12,221 individual
service members.
mystery stories to jigsaw
puzzles. She is also active in
many extra curricular activities
around the school and this year
has taken on the responsible job
of director of the Drama Club.
This club has been very busy
this year in preparation for their
forthcoming trip to London, Eng-
land. Not only does Heather
direct but she also has her hands
full .with acting in the plays.
Heather is also involved in the
Fitness Club and in the Senior
Wrestling
The Wrestlers showed up well
in their first match of the season
in Exeter on Thursday. In their
matches against South Huron they
won 2 of their weight categories
and against Clinton they did ex-,
ceptionally well, defeating them
in 8 out of 14, weight categor-
ies. Their coach, Mr. Renshaw,
was pleased with their perform-
ance and expects even better re-
sults as some of his new wrest-
lers gain experience and- con-
fidence. The next match is-Dec.
13th at St. Marys.
Basketball
2 SACU tests
On Wednesday, Dec. 6th, the
Sacu or Service for Admission
to College and Universities test
is being written by 41 Gr. 13
students. This is not a com-
pulsory test and there is a fee
charged to all students who do
write it. The test is in 2 parts
the first being Scholastic Ap-
titude and the other English Achi-
evement. It is an indicative
test to appraise each candidates
chances .for success at a post-
secondary education institution,
primarily Universities. Although
they are not compulsory for all
universities, some still require
them. After the results are
computed, the school receives
a copy and each candidate also
finds out how he or she did, on
the test.
Gordon Hill
heads F of A
Christmas bazaar
The Drama Club held a
Christmas •Bazaar downtown on
Friday night and Saturday. The
Bazaar featured everything from
d011 clothes, to detergent, to
candles and baking. The baking
was the big seller and although.
the -Club was disappointed with
some sales the group realized
$90. in profit. The arglajzfrs
would like to thank all those
who contributed to the Bazaar
and the public for their support.
INSURANCE
Auto, Fire, Life
Donald G. Eaton
Insurance Agency Limited
Office in Masonic Block
Main Street
Phone 527.1610 — Seaforth
1. _ -.....0.-4,./..........t.../....- 'an...,
Use
Expositor
Want - Ads
Phone 527-0240
McGregor
Top Quality
BEEF
-Government, inspected
Whole Half ;
BEEF 74c BEEF 75c
-Cut and Wrapped
Quick Frozen
Free Delivery
Within 10 Ade
Grant McGregor
Phone 262-58 39
rPln. 527-0240: Expositor Action Ads
11M111111=11101111101
COME TO
WEEK-END SPECIAL
CHRISTMAS o 1/
CARDS / 3
D
ship or corporation, it is trans-
ferred at the fair market value.
On many smaller farms this is
greater than book value. If the
father has been using Part XVII
there will be no recapture. If
he has been using Part XI, the
difference between book value
and fair market value will be
recapture of depreciation.
On some large farms where
machinery is used to cover many
acres, the book value may be
higher than the fair market value.
If father has been using Part XI
there would be ,a a terminal loss"
to balance against income.
Should father continue owning
machinery that is now on
straight-line depredation?,
Maybe. When the time cornea to
trade in the old machine, father
and son could both go to the
dealer. Father would receive an
allowance for his old machine.
Son would buy the machine for
the new price. This will, allow
him to take capital cost allow
ante on the full price. Father
could make a gift to son. It will
not be subject to gift tax unless
it goes over the $2,000 maxi-
mum gift exemption between Indi-
viduals in any one year.
exposed to a'. flash. Keep the
welding area clear of flammable
and combpstible materials, such
as gas, oil, paint, and sawdust.
Pl'otect your eyes with goggles
wen chipping hot slag from the
weld.
The techniques for welding.,
are easily learned, says Pro-
fessor Scott. Some welder manu-
facturers have• set up short
courses to give farmers a solid
background in welding. For most.
farmgrs, the instructions given.
by the machinery dealer and
some practise will be sufficient.
Portable'
augers
for grain
Portable augers are simple
labor saving tools for today's
farm-producers. When incorp-
orated into a grain-handling sys-
tem, they can save you time and_
money. Professor R. W. Irwin,
School of Engineering, Univer-
sity of Guelph, suggests that
farmers assess their present
and future needs before adding
to", or building a grain-handl-
ing and storage system. Then
choose the size and type of au-et
ger that will fit into the plan.
The sele2tion of an auger
depends pfi material, size,
auger speed, angle of in-
clination, horsepower, and. ex-
posed auger length at the in-
take end. Augers are readily
available in a wide range of
sizes to suit almost any Situa-
tion. For farm use, augers are
usually 4 to 8 inches in dia-
, meter.
After you have decided on
an auger, make sure it will
fit in with your grain handl-
•ing system. All parts of the .,
system should fit together
Smoothly or the line will plug
up. Bins should bee located
where it is convenient to han-
dle the grain. Plan the line so
the system handles grain,fast-
er than from the harvester.
Leave room for growth, up to a
4 times your present needs -
it costs little more initially and
will save a great deal when it
is necessary to expand the sys-
tem.
Every week more and more 9g
people discover what mighty jobs
are accomplished by low cost
Expositor Want Ads. Dial 521+-
0240. _
INVEST
In a
Guaranteed
Trust
Certificate
DONALD G.
EATON
•
Office in Masonic Block
Main St., SEAFORTIT
Phone 527.161,0
BIGGEST,
SANTA CLAUS PARADE IN
WESTERN ONTARIO IN 1971!
• •„i'...,nx • ....Zcis'att..`",,,,
We are moving to our
new location
keen chosed. In iterested girls
from any of the Junior grades
It .Junior Cheerlel ,cling Squad has
have been faithf ully practising
and learning eh iaers for their
first appearanc el this Friday
the Juniors in ar i 1 ntersquad game
night. They will, be cheering for
Although, as yot they don't have
any, uniforms they hope to even-
't'his Year, for the first time,
Schenck, Rita Verberne and Ann
Papple, Lori Savage, Joanne
Watson,
Brooker, Dianne Butt, Mary
Downie, -Effie Hulze6as, Brenda
Julie Bell, Janet Boitton,Carol
picked for this year's Junior
Cheerleaders. Tracy Baker,
tually be able to get some, With
Weldo, the following girls were
the aid of allss Harris and Mrs.
r
ARNOLD STINNISSEN
Life — Health and Accident —
Registered Retirement Pensions —
Incame Tiix Deductable Registered
• Relirement Annuities
Representing
Sun, Life Assurance Company
of Canada
TELEPHONE 527-04W
1E,' GODERICH ST, EAST — SEAFORTH
.••••••••••••••
SEAFORTHIS
SHORT ORDER MARKET
NOW r YEARS
IS , OLD
WE HAVE:--
--Bartliff's Bakery Products
--L'eggs Panty Hose
--Toys, Cards, Groceries
hristmas Cards, Wrappings,
Ornaments •
--Gifts, Pottery
--Candy
(kg.,
01 '
A,-
1
11.
BOB & BEITY'S,
Main Street ' -- SeafOrth Oa
'
WW:4=aggenWidaii0;,iiiVageMigegMa ',16:=5MiiMAIle.M:,
The student interviewed this
week is a well known and cer-
tainly a very active member of
the student body. Heather Mac-
Donald, is a Gr. 12 student at
Seaforth. She lives on a farm,
north of Walton with her 3 sis-
ters and 2 brothers. Heather
has many interests ranging from
Banner on sale
The second edition of the Gr.
10 Media Class' paper went on
sale this week. The paper is
improving with the experience
and practice 'gained by the staff.
The articles were much better
this time, well-written and in-
teresting. A little more time
spent on typing and proof-read-
ing would make it easier for the
reader to understand but with
rushed deadlines this is not al-
ways possible. The school needs
more of this sort of thing and
it is to be hoped that the Media
Class continues with their pro-
ject.
BY J. J. Hagerty
Ontario Ministry of Agriculture
and Food, Stratford.
Many farmers are con-
sidering changes in ownership of
farm assets. The new tax laws
and the resulting discussion have.
encouraged people to - ask
questions about their own situa-
tion. One good thing about the
tax changes is that it encourages
us to think, plan andmake some
decisions. Hopefully these plans
will benefit all members of the
family,
. Separation of Principal
• Residence and One Acre of
Land
This has been recommended
by some when buildings are in-
cluded in a partnership and/or
corporation.
some doubt has been cast on
the advisability of this technique.
(1) the zoning by-laws may
not allow it
(2) loaning agencies such as
Farm Credit Corporation
may not allow it
(3) depreciation of the house
will not be taken as an
expense
(4) local taxes might be high-
er due to separate asse
ments.
However, there may be cases
where houses should be kept out
of the corporation to take advan-
tage of capital gains exemptions
on principal residences. e.g.
Where 3 brothers live in separ-
ate homes that would otherwise
be owned by the corporation. The
brothers will then not have to
pay rent for• the houses (which
is income to the corporation
and a non-deductible expense
Personally).
Transfer of Depreciable
Assets
The new tax regulations dic-
tate that all depreciable assets
purchased after December 31st,
1971 be depreciated using the
diminishing balance procedure
(Part XI). With the new Income
Tax Act, straight-line deprecia-
tion (Part XVII) is being phased
out. All depreciable assets which
were purchased prior to 1972
and are now being depreciated
under Part XVII (the straight-
line method), however, ma* be
left under the straight-line gys-
tern. Machinery and buildings
sold or rented to an individual,
partnership or corporation will
have to be depreciated on the
declining balance basis (Part XI).
Most of these assets are on
straight-line depreciation (Part
XVII) now.
Farmers with assets pur-
chased prior to 1972 are strongly
advised to continue with the
straight-line depreciation
.method for all assets presently
being depreciated by that method.'
The basic reason for recom-
mending this course of action is
the following: When the diminish-
ing balance method (Part XI) is
being used, all depreciable items
are lumped together in various
classes according to the maxi-
mum rates of depreciation
allowed by the tax laws. If all
machines of a certain class are
sold, and if the returns' from
these machines are greater than
the undepreciated balance'of that
class, the excess is considered
a capital recovery which is
taxable income for the year in
which it is received. Alternat-
ively, when al asset that has been
depreciated under Part XVII (the ,-
straight-line method) is Sold, the
returns from the sale of this
asset are tax free.
Non-Arms, Length Transfer
of Machinery
If machinery is transferred
from father to son, it is trans-
ferred at fair market value., The
son would of course be using Part
XI method regardless of the
method used previously by father.
If the machinery is trans-
ferred from a father to a partner-
•
Minister gives advice on
transfer of fcsirm assets
1972 Pinto, Demonstrator
1971 Ford, 4-dr., HT., loaded
1970 Ford Galaxie, 4-door
1970 Ford Galaxie, 4-door
1969 Plymouth Fury H, 4-dr
4.969 Mercury, 4-door, HT.
1969 Thunderbird
(1967 Comet
1966 Plymouth Fury II
1969 Mercury, 4-door, Sedan
1968 Ford Galaxie, 2-dr., HT.
1968 Ford LTD.
1967 Ford, 4-door, Sedan
1967 Ford Fairlane
MAKE A DEAL ON A NEW OR USED CAR
ON OUR LOT FROM
December .16 to December 21 ONLY
and you. will receive FREE •
A PORTABLE DISH WASHER
or a
MERCURY
This past year has been one
of the toughest on forage and har-
vesting equipment, says H. E.
Wright, Secretary-Manager of
the Ontario Farm Machinery
Board. Harveting wet, heavy
crops under very unfavorable
conditions, has put increased
in on machines, causing wear
that could result in breakages.
These machines should be
thorostly checked before re-
tiring-them for the winter. Make
up a list of the worn parts that
need to be replaced and give
it to your dealer. This will
allow him to order them on a
regular weekly order with-
out paying additional charges.
If you leave repairs until
next season and then order re-
placement parts on an emer-
gency basis, the dealer pays for
the phone call and the trans-
Preventative maintenance
on farm machinery
portation. • So be prepared to 0
cover these extra charges as
well as accepting delays in op-
eration.
It might be good business to
lay in a small parts depot in
your own machine shed. Items
such as 'plow points, mower sec-
tions, and rivets, V-belts, an*
even some of the common bear-
ings would help to prevent leng-
thy delays occurring in the busy
season.
Preventative maintenance on
bearings is worthwhile. By
greasing bearings before Stor-
age, the moisture Is forced out v
and rust formatiOn is prevented.
Bearings will last much longer.
When you retire forage and
harvesting machines this win-
ter, replace worn parts and
grease bearings, to keep them
rolling next season.
On the farm welders
keep equipment moving
Equipment breakdowns cut in-
to an operation's efficiency. A
welder In the workshop can some-
times make the difference be-
tween getting your crop off in
good condition, or waiting for
repairs and settle for poorer
quality. A farmer can recover
the initial cost of a welder in
1 year of machine repairs on
a modern mechanized farm, says
Professor J. Scott, School of
Engineering, University of
Guelph.
The electric, welder 225 am,
peres at 20% duty cycle, is the
most popular unit for -use on
farms. «r Itste ranges-),11:91V
$150 to $1.45';" 'complete with
cables, ground clamp, electrode
holder, and a head shield. Elec-
trodes can be pUrchased to weld,
braze, or hard-face almost any
metal, The low hydrogen elec-
trodes, for steel alloys and'me-
dium carbon steels, will' pro-
bably be of great value to farm-
ers. Much of today's mach-
inery is manufactured with these
metals.
Heavy-duty wiring, similar to
that for an electric stove, is
necessary to,provide 45 amperes
at 220 volts. Setting the welder
in a machinery storage shed
or workshop will facilitate re-
pairs. For bigger equipment,
the welder can be moved out-
doers by using a 3-#8 cabtire
extension cordiof the appropriate
length.
There is' no danger of elect-
rical shock if the welder is
properly grounded. But there
are a few hazards to watch out
for. Always use a welding hel-
met. The electric arc produces
X-rays and ultraviolet rays that
can burn the lubricant from your
eyes at a range of up to 40
feet. Get immediate treatment
from a doctor if your eyes are
MOP
I WE'RE
I MOVING
1972 — 2.00 p.m.
— 78 Floats were entered in 1971 —
CANDY and BALLOONS for
CHILDREN ALONG the ROUTE.
SPONSORED BY
THE EXETER BOARD OF TRADE
30" ELECTRIC STOVE
Value $375.00
THIS OFFER IS LIMITED to DEALS INTENDED and COMPLETED DURING
THE PERIOD DECEMBER 16 to DECEMBER 21 INCLUSIVE:, BEGINNING DECEMBER 12th I
I we will be operating in our NEW SHOP OR
South Main Street, across from the Library,
formerly the Seaforth Scout Hall.
I Brian's Hairstyling I
MIN ION IMMO Nal MIN MIMI
PHONE 527-1700
McLAUGHLIN MOTORS
PatI Mercury Dealer
'H610 $274140 — SEAPOVE
•
•