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HomeMy WebLinkAboutThe Brussels Post, 1979-05-23, Page 3WEDDING INVITATIONS THE HURON EXPOSITOR PHONE 527-0240 SEAFORTH 4 CAR DAMAGES Vandals dented the side of a new 1979 Capri in the parking lot of McCutcheon . Motors on Saturday Night. Damage is estimated at roughly $250 to $300, (Photo by Langlois) Wingham Memorial Shop IS YOUR PAPER DUE??? This is the only notice you'll receive that your subscription is due. CHECK YOUR ADDRESS LABEL on the front of your paper HERE'S HOW Mr. Doe's subscription ex- pries the first of May 1979. The last digit , at right indicates the year of expiry. Doe, John D. R.R.6, Walton May 2-1-0-9 DON'T MISS A SINGLE ISSUE!! Please watch the date on your label and renew before your Subscription expires ESTABLISHED 1172 THE BRUSSELS POST , MAY 23, 1979 •-• 3 Farm Business Topics Fire rules • crucial for children BY JACK HAGARTY1 Area Coordinator and Vann Management Specialist. How long does it take for money to double itself - at today's interest rates? You can double your money in 7.2 years. How? Invest it at 10% interest. Can you invest it at 12% interest? Great - you're down to 6 years. And if by chance you could convince someone to give you 18% interest - don't laugh - it's happening - you'll double your money in 4 years. The problem is the tax man will take part of your earnings - so in practice it takes longer. Do you notice anything magic about these calculations? If you multiply the per cent interest by the years, you come up with 72. I don't know why. It just does. Remember 72, and you'll have a handy little guide with you forever. Some people are investing in land at $2,000. per acre, There are many reasons. They need land to expand an existing farm. A son wants to start farming. They want a hedge against inflation. They want to own more land "cause God only made so much." They sold a small farm in Europe for a large sum. And here they can buy a much larger farm and have money left over And so it goes. What if someone asked for $220. to rent an acre for one year? You would gulp, look the other way - so that they couldn't see the smile come over your face. The smile that says "you gotta be kidding". But, hold on - that's only 11% interest on the $2,000. acre and allows nothing for land taxes. Chances are you can rent similar land for one-third the price. Why the difference? It seems obvious. The land- owner is a speculator. The landowner expects land to continue its upward climb. Will the land price double in 6 years? Who knows? Only half of ,capital gain is taxable so the landowner gets a break. Some may even speculate that the government could drop the tax on capital gain. That puts upward pressure on land prices. Farmers don't like to be called specu- lators. It infers a narrow, self searching, money oriented goal. They say "I'm just, waiting to see what happens. Land will always have value. At least we'll be able to eat." There's nothing wrong with being a speculator - if you can afford it. A beginning farmer must pay for land from profit left over after farm expenses and family living. It's a different situation. Can they afford to speculate? I don't know. It's their decision. They will need to convince the banker. But that's not a big stumbling block these days. They need to convince themselves - based on solid homework and a realistic outlook. Otherwise, it could take a lifetime to double their money. And that's speculation on my part. During the five year period from 1972 to 1976, 944 children under 15 years of age died in accidents involv- ing fire in Canada. Children are fascinated by fire and may want to exper- iment with it. They should be taught that fire is a friend, but never a playmate, and that it should be used sensib- ly. Let them blow out matches, help you build a fire, plug and unplug elect- rical equipment, etc. The practice of fire prevention by adults is the good example that teaches and protects children. In case of fire in the home, children should know exactly what to do. Plan and show them escape routes. Alter- nate paths should be selected in case the main route is blocked. The Canada (Safety Council recommends that family drills take place periodically with older mem- bers looking after the child- ren. Every person in the house should memorize the Fire Department's phone number. QUALITY SERVICE CRAFTSMANSHIP Open Every Weekday Your Guarantee for Over 35 Years of CEMETERY LESTER 1NG Box 158, WINGH AM JOHN MALLICK $100100 REWARD For the information leading to the conviction of the persons or person responsible for deliberately damaging a car on the lot at J.L. McCutcheon Motors Ltd. on. Saturday, May 19. J.L. McCutcheon NOTICE TO THE CITIZENS OF BRUSSELS Members of the council of the Village of Brussels are agreed that in an effort to assist In the enforcement of law in the village each Will report to the proper •authoritieS any infraction coming to his attention and press such charges as may be appropriate also support any resident who may report an infradtion to the authorities. Cal Krauter Wm. King Revee Clerk .t1)41.r:: vtfv"' .i,:o bs'on ‘),IV tlitticht brut r' or or, i'qt4itti, a tpt f4.41t6 !mit ,;relt)Et 4t ,ari'Azt to,17,trA CA. 1,..:17,,tat f."110 •4' rt mutt, 141 .