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Home My WebLink AboutClinton News-Record, 1952-04-10, Page 8MIFISDAYi LBO 11 itgir. DR, A. H. O'NEIL lets, • In his new .109St#94 as ;genera secretary of the Bible Sodiety, Dr. O'Neil will succeed, W. H. Hudspeth, MBE, M.A, who hoe filled the poet for five years and will return, to England in December. pr. O'Neil will spent the 'aut.! limn at the bead office of the society in England, and will algo visit the Near East to study at -first hand the work of the so-. ciety there and future plans. Built stronger to last longer * ROAD HAZARD INSURED (see guarantee form) BUY AND USE 'EASTER SEALS ANNUAL APPEAL MARCH 13-APRIL 13 Campaign Sponsored by Clinton Lions Club Dr. .1. A. Addison, chairman 11M11111111M11111111111111111111111111111111111111111111111111111111111111111111111111111111 CALL IN AND SEE US ABOUT YOUR PROBLEMS on: EAVESTROUGHING ELECTRICAL WIRING AIR.'CONDITIONING, GRAVITY WARM-AIR HEATING or PLUMBING A FURNACE FOR EVERY JOB WISE and BATEM AN Phone 147 Clinton alionny IR' 14411411affiliiiiimaila 1111111111111111111111111111 111111' '0,0.01!PI Section). ,of the AssesPOMO Act defines the rules ofyai tion to be used ,by all assessors Whether it be in our largest cities or our smallest villages or town, This section provides that land (which includes' any buildings erected on such land) is to be as- aessed at its actual value. -That is not 50 per cent. r 75 per cent of value as is sometimes FISSWm-. ed but 100 per cent of value, This section also states that when assessing land without buildings erected thereon, consideration is to be given to the following fac- tors-location, present use, Mir- mal rental value, Oorrnal sale value, and any other circumst- ance affecting the value, Then when assessing land with buildings greeted thereon, eon:, sidoration is to be given to the present use, location, cast of re, Placement, normal rental value, formal sale value; and any other circumstance affecting the value". The amount to be placed for as- sessment pnrpoSes on the build- ings is to be the amount by which they increase the value of the land. Assessment Example An example of this reasoning might be' of two brothers. who erected identically similar houses in the city of Brantford in 1947. One brother purchased a $1000.00 lot 'in a. good residential section while the other purchased a $100.00 lot in a poor section. The, replacement cost of either of the houses at 1940 values was $6000. In the good residential area the assessor wa's justified 'in W. James) placing the totalleplacetnent cost of the house' $6Q00.00 for asses- ment purposes as the house by reason Of its location, rental val- ue and sales value increased the value of the land by that amount However, While the house on the poor lt post just as much to er- ect, its p poor locatien, lower rent,, al and sides values, lessened its actual appreciation of the land so the assessor was qUite justified in placing only $350040 en the building for assessment purposes. The same situation would de- velop where two similar value houses were erected, one in a city and one in a village, A good brick house would cost as much to erect in the Town. of Bala as in *the City of Toronto but due to its location, lower rental :and sales value, the property would not be as valuable, To overcome this, assessors use , various methods to bring the assessment value more in line with its actual value. SeMe of these methods 'are by allowing depreciation or location. Qbples- cene e, or by using rental capital- ization, etc. While objections may be found to any of these meth- ods, still if the system is applied fairly over the whole municipal- ity there will be some degree of equity, not only between proper-- ties of the same type or class, but also between different types of property, The fact that a building is old does not necessarily mean a loss in value. Residences kept in a fair state of repair and in areas which have not gone down are worth, in most cases, many times ivies HON. GEORGE IL DQuogrr Ontario's Minister of Highways for nearly nine years, who has returned to his Carleton Place home after 20 weeks spent in Ottawa Civic Hospital, where he was taken. following a high, way crash near his home town in Lanark County .on November 8 last. Report is that, despite terrible injuries suffered, Hon. Mr. Doucett will regain full health and that initial threat of permanent injury has been avoided, their original cost of erection. More large old homes lose value because of their oversize and their pre,sent use as single resid- ences when their better use would be apartments than on account ,of their age alone. Use Normal Value Year Present day replacement costs and sales values are possibly very poor guides today in estab- lishing assessment values. For this reason, the majority of as- sessors take year 1940 as the normal value year when calcul- ating their assessment values. This ensures that even if real estate values decline in the fut- ure that property is not assessed at . over 100 per cent of value. In some municipalities, sales values have appreciated as much as 300 per cent over 1940 values while building costs generally have risen about 200 per cent. It will be readily seen from these figures that a person assessed on 1940 values has not much com- plaint unless he is inequitably assessed with his neighbours or other property in the assessing area. The provisions of Section 33 of the Act detailed at the beginning of this article governs the meth- od of making the assessment for all types and classes of property Resignation of the BeV.- . MA, PP; as principal and dean of Huron College,. London, Was announced recently by At Bey, 0, Luxton, Bishop of Huron. At the same time the British and Foreign Table Society in .Canada announced the appoint- ment of pr. O'Neil as its general secretary, Dr, ,O'Neill resignation and his new appointment are effective August 1. He.was rector of St. Paul's, Clinton, 1939,41, First Canadian In announcing Dr. O'NeWs. resignation Bishop lotudon point- ed out that the 44,Yearold cipal is the .first Canadian to be appointed to the post of general secretary of the Bible SoCiety, As general secretary 'Dr, O'Neil will direct the work of the so, ciety across Canada, The work of the Bible Society .is organized under 16 auxiliaries extending from Newfoundland to the Pa- cific, It is carried on in direct relation to the 'parent society in London, England, through which" the translation, printing and dist- ribution of the. Scriptures has been directed for nearly 150' rears. Remarkable. Record Accepting his new position, Dr. ll O'Neil leaVes behind 11 years -as head of Huron C011ege - during Which time he guided the institu- tion from a period of olimited registration and difficult financ- ing to the occupation of the pres- ent magnificent bnildings and the enrolment of almost 200 stud- ents," Bishop Luxton said, A native '11 Clandeboye, Dr. O'Neil graduated from the Uni- versity of WeStern Ontario in 1920 with a Bachelor of Arts de- gree. The 'folloWing year he, re- ceived his L.Th.'-from, Huron College and, in 1936 obtained the degree of Bachelor of Divinity from the eellege. .In 1929 he Was ordained priest and deacon and went to. Atwood, Henfrirt and Ehrm..as•r ector. He served that charge - until • 1985 when he went to another charge that included Gorrie, Fordwich and Wroxeter. On February 15, 1939, he was transferred to. St. Paul's Church, Clinton. It was from this charge that we was transferred to Huron College as acting principal in May of 1941 to succeed the Rev. Dr. C. Cameron. Waller. In August, 1943, Dr. O'Neil was appointed principal, the, First Ca- nadian to hold that office. Two years later he received the honor- ary degree of Doctor of Divinity at spring convocation of the col- in all parts of Ontario with the exception of railway, telephone and telegraph properties, etc., and buildings used in connection with the production or storage of minerals. Mining .buildings used for this purpose are not assessable as a share of the pro- fits of the mine is paid to the municipalities in lieu thereof. (Next week's article will de- tail more about your local assess- ment and its application.) THROWN FROM HORSE WINGHAM-Eldon Galbraith„ 47, Wroxeter, was admitted to General Hospital here with sez, vere facial injuries in a farm accident. Galbraith Who was rid- ing a horse on his farm was thrown off on his face, and step- ped on by the animal. He re- ceived multiple fractures of the jaw, lacerated tongue and con- cussions. lac* roma OF POW 41111014ES Ol The History of Assessment. and Municipal Taxation in Ontatio er.Thrrott mitwO-ROzoviD Rev, A. SP 0 -HeilitiSignS AS Huron (ollegePrincipal BINGO ExiiiiriiamrNBririNtaliark HALLn THURSDAY, APRIL 1,0 $450 In Cash Prizes 15 REGULAR GAMES FOR $10.00 EACH 2 Special Games for $25.00 each I Special Gam for $50.00 and $200.00 JACKPOT must be won Featuring The Bingo Blower $20.00 DOOR PRIZE Admission 51.00; Extra Cards 25c; Doors Open '7.30 Games start at 9 The management reserves the right to cancel the bingo according to weather conditions 15-b 4.1,-***444-410-0-4.•44•44104. reef/rows FEED THEM IN TIHIE SOW, „,- ,( 4foit 47, .e .4a1mAii- Amanita/ :eatil. '1. 41115KOMM"..11111.11111WEEMPI 804ese00494yee OW, T. Mickle &Sons -Ltd, C HENSALL, 01471% GOOD SERVICE - FAST UNLOADING 'FACILITIES- 6-btfb For Canada Malting Company - CONTACT US ---- Contracts, Con Be Arranged By Phone or Letter PHONE 103 NIGHTS 133 All Barley . Will Be Treated Free of Charge WE ARE AGAIN CONTRACTING BARLEY // A BRED SOW DOES A TRIPLE JOB: (1) builds her litter (as much as 25 to 30 lbs. for ten young pigs); (2) maintains her own body weight; (3) stores up materials to give a generous milk supply for her litter. A "fresh-mix", ration made with National Sow and Pig Concentrate provides exactly what she needs-- abundant animal and vegetable pro- - tein to build sturdy bodies and stimulate milk production-extra minerals for strong bones and added vitamins for fast growth. And its so palatable, she'll eat all she needs for her triple building task - and so produce a money-making litter. S. Riddidt and .Sons See your NATIONAL Dealer today- Look for the bright Orange and Black Sign I I II II I FOR GOOD-SIZED LITTERS FEED SOWS WELL BEFORE BREEDING As you may have found, selection of good breeding stock isn't always enough to ensure good-sized litters. The number of pigs farrowed is limited by the number of ova produced by the sow in oestrum-and this is affected by the sow's general condition. To get a good return on your itwestment, remember to feed your sow a balanced sow ration at all times and to II feed liberally between weaning-time and breeding, to get her Into first-class condition. WILLIAM STONE SONS LIMITED INGERSOLL ONTARIO wi sir s' PURE NATURAL RUBBER GUM CUSHIONS-. prevent bruising aid breaking; absorb shocks ! COLD RUBBER TREADS - wear longer, cut resistant ! SUPER-FLEX CORDS-run cooler-30% stronger ! 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