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HomeMy WebLinkAboutThe Citizen, 1986-04-16, Page 151 THE CITIZEN, WEDNESDAY, APRIL 16, 1986. PAGE 15. McGavins plan celebration July 25 at Brussels Continued from page 14 require their dealers to build. The McGavins moved their operation to Walton from the farm location in 1952 and located on the corner of County roads 25 and 12, the main corner of the village. In 1963 the move was made to the present location in a scheme that was a story in itself. People in the Walton area had decided they wanted to build a new school. The provincial government had slapped a freeze on new school construction but said any school that had already started construc- tion or purchased land for a new school could proceed. Gordon McGavin purchased the land on which the present Walton school OFA rejects commodity price -based mortgage plan The Ontario Federation of Agri- culture's board of directors, in its monthly meeting, unanimously rejected a federal plan for commo- dity price -based mortgages. "Michael Wilson's budget speech announcement led farmers and consumers to believe that farmers now have access to 6 percent money. This was out and out misrepresentation on the part of the federal government. The fine print tells the real story," said Harry Pelissero, OFA president. The House was not told - as budget papers released later re- vealed -that farmers would have to actually take on a mortgage at 14 3/8 percent (two percent higher than the current rate for FCC loans). "Rather than giving inter- est rate assistance to farmers, this program actually charges a two percent penalty to enroll in it," commented Pelissero. While the mortgage is register- ed at 14 3/8 percent a "side agreement" will allow FCC to fix the interest rate at 6-9 percent, trying the principle to do commo- dity price fluctuations. Government budget papers stated that given a moderate price increase in commodities, the pro- gram would not be any more or less expensive than conventional fin- ancing. Pelissero said he inter- prets this to mean that the program would not cost the government any money. "In fact, with the two percent surcharge, it could actu- ally make money for the govern- ment." The OFA board of directors passed a resolution to "demand that the federal minister of Agri- culture and the FCC develop a program which truly reflects a legitimate loan program and re- structured mortgage program, using the $700 million outlined in the budget, as promised in the past years, with affordable interest rates." Spicer MacGillivray Chartered Acc, wntant, LISTOWEL 291.1251 Partners M.J. Hoyles, C.A. N. MacDonald Exel, C.A. Manager L. M Gagnon, C.A. GODERICH 524-2677 Partner R E Takalo, C.A. Manager R.M Kaufman. C A stands, swapped it with the school board, and overnight the school board qualified to proceed with its new school. Gordon McGavin probably got a lot of satisfaction in outmanoeuvr- ing the Progressive Conservative government for one of the few victories the long-time Liberal was able to claim for many years when Tory domination was supreme both federally and provincially in Huron county. After many years of working hard behind the scenes, Gordon ran for election in 1963 and turned the running of the company over to Neil who had returned to work for his father after graduating from University of Guelph in 1957. One of the first headaches the new young manager had to deal with was the number of farmers who arrived and announced they had worked on his father's election campaign and expected an espe- cially good deal because of it. More than a few turned out not to even live in the riding. Today another generation of McGavins is on the way up in the organization. Last year Neil's son Brian graduated from Guelph and joined the company. Not that business is new to Brian. He already operated a successful commercial baling business and did $21,000 worth of business in his first year. Nowa second son, Jeff is also in the baling business. The family lives on the farm where the company originally started out in the 1930's. The McGavins plan a big celebration of their 50th annivers- ary on July 25th when they will have a big open house at the Brussels, Morris and Grey Com- munity Centre showing off a big selection of the goods they have for sale. The rest of the plans are imcomplete but probably there will be some sort of recognition for the many employees who have helped build the company, Neil says. A search of the employee records shows there have been 117employ- ees with the company over the years. I� SUN .sv t4'No ,.eo�a Hoy �.,cwo� nin Man 's g Building Supplies Ltd. Blyth 523-9305 ATYOUR SERVICE! IN The Seaforth Area W.G. Thompson & Sons Limited are pleased to announce the purchase of the former Ontario Bean Growers Co-operative in Seaforth. We Are Open To Serve You Ralph Currie, formerly of our Mitchell branch, welcomes you to discuss your planting requirements and marketing needs for the coming year. Seed - Fertilizer - Chemicals Available We Are Looking Forward To Serving You Seaforth 345-2545 Ralph Cu rrie....Manager