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Clinton News-Record, 1963-01-10, Page 14Page, 14,cliotoo .Nowotocoo-,4thur.s„ Oon, 10, 1963 .„ A Matter of Principle (By J. CARL HEMINGWAY) FOLKS ARE CAT &OTTERS # SOAK/TALL IN, BUT GET /7" SACKWAR -- • The December meeting of qoshen United church Women. Was recently held at the home of Mrs. Allan Armstrong. Mrs. Bruce Keys opened the Meet- ing in the absence of Mrs. Holstein Group Outlines Plans For 1963 Program . Harold Gaunt, Lucknow, was appointed to represent the Hu- ron County Holstein Club on the Federation of Agriculture when the group held a special meeting at the agriculture board roms this week. They also drew up plans for other events throughout t h e coming year and these includ- ed: Holding of the annual barn meet at the farm of Ed Bell, Blyth the third week in March, with a committee comprised of Ed Bell, Simon Hallahan, Bel- grave, Maurice Hallahan, Bel- grave and William Gow, Au- burn, to make arrangements. For the annual bus tour, the week of May 29, to be ar- ranged by a committee includ- ing William Haugh, Clinton, Douglas Farquhar, Clinton, William Glutton, Goderich and Allister Broadfoot, Seafrth. The annual Twilight meeting to be held the second week of June at' the farm of Ross Mar- hall, Kirkton, with Tom Brock, Granton, Tom Hern, Woodham, Ross Trewartha, Clinton a n d Mr. Marshall arranging the event; The annual banquet to be held October 23 in the Memor- ial Hall, Blyth, with Clem Gal- braith, Blyth, Simon Hallahan, Harold Gaunt and James Hogg, Seaforth, arranging the event; And the annual meeting to be held in Blyth the third week in November with a committee comprised of Eldon Bradley, RR 3, Goderich, William Gow, Auburn, Mac Smith, Brussels, and Clem Galbraith in charge. The president, Wellington Brock, Granton, the first vice- president, Vernon Hunter, Lucknow and the secretary, Hume Clutton, Goderich, were named delegates to the West- ern Counties Committee at Lambeth in February. David Dow AUBURN - Relatives from this district attended funeral services for the late David Dow in Toronto recently. Born in East Wawanosh township, he h a d resided at Wingham and Toronto before taking up, residence at Wood- bridge a few years ago. He was in his 89th year. Mr. Dow is survived by his wife, the former Minnie Craig and two daughters, Mrs. Harvey (Wilma) Brawley, Woodbridge and Mrs. Ben (Nettie) Olton, Sault Ste Marie; two grand- children. He was the last member of his family. Attending the service from here were Mr. and Mrs. James Craig, Mr. and Mrs. William L. Craig, and Arnold Craig, growth of co-operatives in re- tail business has barely equal- led the tremendous growth of the total retail, business in Canada. Retail co-ops in Can- ada do 2.6 percent of that business. The hours spent at this meeting listening to the yack- ing over income tax paid by co-operatives as compared to private corporations was quite boring to me as I have heard it several times before. However I was well repaid by the discovery that the Re- tail Business Association was willing to spend $1,500,000 in order to prevent the little people from doing anything that might help themselves. And remember that this is only a beginning of this kind of thing. 79c BARGAINS Men's Wool and Nylon Work Socks 79c Name Brand-Reg. $1.00 Tops & Briefs 19c Reg. $1.50 & $2.00 Neckwear 79c MEN'S PENMAN'S/ FLEECELINED UNDERWEAR COMBS. $3.65 SHIRTS or DRAWERS $1.95 BOYS' PARKAS or CAR COATS All Sizes 8 to 18 BALANCE OF $13.95 OUR STOCK Reg. to $18.95 DRESSING GOWNS OUR COMPLETE RANGE Reduced 25% Banlon Sweaters PULLOVER STYLE All Shades - All Sizes SALE SPEC to IAL - $595 BIG CLEARANCE OF MEN'S Winter Underwear Penman's & Stanfield's Comb. - Shirts - Drawers ON SALE AT A 20% Discount HOBBERLIN TAILORED SUITS EXTRA TROUSERS FREE Save up to $35.00 Herman's Men's Wear Special CLEARING RANGE OF ALL ALL WOOL TOPCOATS All Sizes - Reg. $47,50 to $49.50 Sale Special $19.95 QUALITY CLOTHING AT GREAT SAVINGS ! Every Suit 100% Pure Wool Taken From Our Regular Stock Of High Quality Suits. 3 BIG GROUPS SPECIAL TO CLEAR 5 SUITS Sizes 36-37-39-40 $15.95 Reg. to $59.50 $39.50 $44.95 549.50 Our Complete Stock Reduced To Clear REVERSIBLE OR REGULAR STYLE 515.95 TO $44.95 NEWS OF GOSHEN LINE (MRS. CLARE McBRIDE Correspondent) leyq recerding secretary, Mrs,. NOM MPPridp; tea ,fqpd,, Mrs.. JMOPS .4gya, The meeting .closed with Prayer by .Mr;Morrison and a Moe. bazaar was held tpllow, In the meeting, sponsored by the. CGIT. A leveiy Christmas lunch was. served by Mrs. Kenneth Parke and her group. For the first time in seven years I didn't register for the OAC Winter Short Course on Marketing and Co-operation. However the habit of attend- ing meetings acquired during the years of service with the Federation of Agriculture got the better of me and I did go to Guelph, for the Thursday ,classes. The morning session on Com- munications. under the leader- ship of Professor Ralph Dent was most interesting and I hope to do a little experiment- ing with some of the informa- tion gained. The afternoon session was de- voted to a discussion of Co- operative Taxation. There has been a great deal of contro- versy over the payment of in- come tax by Co-operatives as compared to Corporate Bus- iness. This controversy has become so intense that definite organ- izations . have been formed in both United States and Canada to press for revision of the in- come tax laws. Income tax is payable as a percentage of profits of any bus- iness corporation including co- operatives. The argument is not on this question but is rather over the definition of profits. It is really a differ- ence in the meaning of profits to different groups of people. The same misunderstanding occurs when the profits of a farmer are compared to the profits of a company, or in many cases even to a private business. When a farmer says he had a profit last year of $5,000 he means that the difference be- tween what he took in and what he paid out in his farm operation was $5,000. However he hasn't allowed anything fir wages for. himself or his wife (who in many cases does more than keep house) or for the work done by children. Let us suppose he estimates his time at $1 per hour. He would subtract $3,000 for him- self. Then he might well de- YOUR ARS B R HAROLD'S WHITEI ROSE GARAGE SPECIALIZING IN AUTOMATIC TRANSMISSIONS GENERAL.- REPAIRS HilAn t CLINION n1 11 rt tORIA ST, duct $1,500. for wages for his wife and family leaving a pro- fit of $500. He could then express this, as Canada Packers does, as a percentage of his gross sales, say $30,000, or even higher if he is in a beef steer feeding enterprise. HIS rate of profit would then be slightly less than 1.:7 percent, He might express it as a percentage of the investment he made in his farm lack in 1936 or 1937 of $5,000 which would be 1.0 percent or a per- centage of the present sale value of his farm of $20,000 which would be two and a half percent. The way he expressed it might very well be determined by whether he was talking to a prospective buyer or the as- sessor. When it comes to expressing profits of corporations the pro- fit of the business is that por- tion of their gross income that is left after all salaries, wages, interest, etc., are paid. These profits are then distri- buted after paying income tax as a percentage of the capital invested by shareholders and a portion retained from time to time for expansion of the busi- ness. 'Income of the co-operative is presently interpreted as gross income less all wages, salaries, interest, etc., but also less the amount returned to patrons in the form of patronage refunds. The real trouble stems from the fact that in a great many cases the co-op members pre- fer to leave their patronage re- funds in their co-op to provide working capital. These patronage refunds are really converted to co-op shar- es or debentures on which cur- rent interest is paid and of course the co-op doesn't and shouldn't pay income tax on this money any more than cor- porations pay income tax on capital raised by selling shares in their corporation. If you have persevered in reading thus far I think you will agree that the question is complicated enough to .make confusion on the whole sub- ject quite easy, and if you suc- ceed in confusing a topic suf- ficiently you may 'then get the decision from the powers that be, that you want. It seems that this is the object of the Equitable Income Tax Foundation which has been formed and financed to the tune of $1,500,000 by the Retail Business Association. Their purpose at least is to make the growth of co-ops more difficult and at most to destroy co-operatives complete- ly. The first step seems to have been quite a promotion of the idea that co-operatives are growing at a tremendous rate and are destroying private bus- iness in a ruthless fashion. The second step is to give the reason and of course it is the unfair tax concessions given to co-operatives. Let us look at facts. Has there been tremendous growth of co-operatives in retail busi- ness? Yes it is true, but the Bob Peck, Reports were given, by MelYio and Mrs.'Bruce Keys on presbytery ProjectS, and the treasurer, Mrs, Roy McBride reported $335.85 up to date, Mrs. Elm- er Hayter read, the scripture after which Mrs. John Robin- son read a poem, "The Nati- vity". Mrs. Bert McBride gave a reading and the CGIT girls sang a Christmas song, fol- lowed by a reading by Mrs. M. . Elliott. During the business, Mrs.. Elgin McKinley gave the birth- day fund report and it was de- cided to send plants to the shut-ins. Mr. Murdock Morrison took charge for the election of the following officers; past presi- dent, Mrs. Bruce Keys; presi- dent, Mrs. Melvin Elliott ;vice- president, Mrs. Anson McKin- ,Ciare McBride; assistant Pee- retarY, Mrs. Bert McBride; rmsPonding ,Secretary, Mrs. John Robinson; treasurer, Mrs. Roy McBride; assistant, Mrs. Howard Armstrong; community friendship and visitation, MrS. Russell Erratt, Mrs. Clarence Parke, Mrs. Allan Armstrong and Mrs. Richard Robinson; Program committee, Mrs. James Keys, Mrs, Arnold Keys, Mrs. Kenneth Parke, Mrs, Bob McKinley and Mrs. Keith Mc- Bride; social function and manse committee, Mrs, Bert McBride, Mrs. Allan Armstrong and Mrs. Arnold Keys; supply and welfare, Mrs. Floyd Arm- strong, Mrs. Walter Eckel and Mrs. Jack Eckel; literature and periodicals, Mrs. C. Parke; stewardship and recruiting, Mrs. Elgin McKinley and Mrs. B. McBride; Christian citizen- ship and social action, Mrs. George Simons; organist, Mrs. Russell Erratt and Mrs. Elmer Hayter; birthday fund, Mrs. E. McKinley; bard fund, Mrs. BARN CLEANER SILO UNLOADER & BUNK FEEDER YOU'LL GET BETTER PER- FORMANCE AND LONGER WEAR FROM A BADGER SALES • SERVICE • INSTALLATION JOHN BEANE, Jr. Phone Collect HU 2-9250 BRUCEFIELD, ONT. ONE OUT 11ERFA JOI $V 0441Y Classified Ads Bring Results SALE STARTS THURS., JAN. 10 All Sales Final Open Friday Evening Buys In Boys' Wear BOYS' Long Sleeve Tam O'Shanter "T" Shirts Sizes 8 to 18-Reg. $2.95 A Real Saving $1.98 Only BOYS' Winter Underwear% "T" Shirts Sweaters Thermal Underwear Polo Pyjamas All Reduced 10% BOYS' PANTS CORDUROY or FLANNEL Reg. $5.95/ SALE SPECIAL $3.95 GREAT SALE OF " MEN'S SPORT SHIRTS Reg. $4.95 to $7.95 All Qualities and Weights in Broken Lines from our Christmas Range. S-M-L 300 SHIRTS AT THIS PRICE - $3.95 MEN'S 2 PANT - ALL WOOL SUITS Reg. $69.50 SPECIAL $49.50 WORK CLOTHES PANTS - SHIRTS OVERALLS Reduced 10% Winter Jackets An Styles and Sizes Priced From $9.95 to $19.95 Reg. to $29.95 WATCH OUR WINDOWS FOR SALE. cipr"111 a* FARMERS We are shipping cattle every Monday for United Co-operative of Ontario and solicit your patronage. We will pick them up at your farm. Please PHONE COLLECT not later that Saturday nights. Seaforth Farmers Co-operative H. S. Hunt, Shipper Phone 669 W 1 Why Burn Fertilizer Bags at 16c each When You Can BUY BULK FERTILIZER $2.00 per Ton Cheaper in April and May than Bagged Goods at January Discount Prices - - - at - Harrist n Fertilizers MITCHELL PLANT Plus a Generous Pick-up Allowance Plant Located 21/2 Miles North of Mitchell and 1/2 Mile West of No. 23 Highway Phone Mitchell 348-8503 2-3b SAVE 20% to 50% HU 24351 HERMAN'S MEN'S WEAR 50 SPORMATS 50 Newest Patterns and Styles Reg. $32.50 to $39.50 LIZ, $19 95 TO 524.95 111161TAILI