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
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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
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