HomeMy WebLinkAboutThe Citizen, 1988-11-23, Page 21THE CITIZEN, WEDNESDAY, NOVEMBER 23, 1988. PAGE 21.
4-H kids lose $1,000 each in Brussels Stockyards collapse
Mildmay, whose Brussels Stock-
yards’ cheque for $1,210 bounced
along with the cheques for cousins
Four Bruce County 4-H members
have each lost more than $1,000 as
the result of the recent collapse of
Patti Weber, here showing her 4-H calf to top place in its weight class at the
Huron-Bruce 4-H Beef Sale at Brussels Stockyards on Thanksgiving
Monday, is one of four club members to have lost money in the facility’s
recent bankruptcy.
Dennis and Lyndon Johnston, both
of RR 3, Holyrood, who lost $1,199
and $1,224 respectively after selling
calves at the annual event.
Under LPB rules, a licensed beef
producer may recover up to 90 per
cent of his loss in the event of a dealer
bankruptcy or similar situation, but
must file his claim within seven days
of the actual sale of an animal to be
eligible for reimbursement. But 4-H
members are not normally licensed
producers, and in any case, both the
Webers and the Johnstons have
waited far beyond the allowable time
limit to cash their cheques.
Mr. Weber attended the beef
producers’ meeting at Bluevale on
Saturday called by the Huron
Cattlemen’s Association to discuss
the stockyards’ demise, and was
encouraged by a motion passed at
the meeting to do everything
possible to recover any funds lost by
4-H members in the incident.
However, Glenn Coultes of RR 5,
Brussels, a FPB member, warned
that the board would be unlikely to
grantwhat he called a dangerous
precedent, while HCA president
Keith Strang of RR 1, Hensail, said
he had checked with the Canadian willing to make an exception in
Imperial Bank of Commerce in releasing funds held in trust for
Brussels and was told it was not Continued on page 23
THANK YOU
I would like to thank the citizens of Brussels who
supported meatthe polls on Monday, November 14.1 will
do my very bestto representyou on council. Alsothanksto
my mom Vera, Mary, Ethel, Darryl and Les for helping
me win. Thanks Again - Councillor David Hastings.
g
g
g r
Christmas Dreams are enhanced
by a visit to Christmas & Country
wz* Decorate your home, office, balcony or
fireplace with 9' of traditional garland.
Choose plain, blue spruce, scotch pineor
see our garland, gaily accented with
bright bows, pine cones and holly
berries, for an aura of elegance and —
iVWx charm. Wreaths to match.
Brussels Stockyards.
And to make matters worse, they
don ’ t have access to the coffers of the
Ontario Livestock Financial Protec
tion Board (LPB), and will have to
rely on the receiver named in the
stockyards bankruptcy to recover
any of their money.
“ It ’ s a hard lesson for a kid to have
to learn. My daughter is thoroughly
discouraged and isn ’t sure she wants
to continue (in 4-H),” said Morris
Weber of RR 3, Mildmay, whose
16-year-old daughter Patti lost
$1,416 when the bank refused to
honour the cheque she had received
for the sale of her 4-H project calf at
the 1988 Huron-Bruce 4-H Beef Sale
at the facility on Thanksgiving
Monday.
Caught in the same bind were her
cousin, Brad Weber, alsoofRR3,
Inspectors to be
elected Thursday
Continued from page 20
could get us into trouble further
down the road.” Keith Strang of RR
1, Hensail, president of the Huron
Cattlemen’s Association, agreed,
saying that he had already spoke to
the Brussels Branch of the Canadian
Imperial Bank of Commerce and that
it was “not willing to make an
exception (in releasing funds) for the
4-H calves.”
In the end, most producers
understood that their best bet in
recovering the money they had lost
on the last sale held by Brussels
Stockyards, amounts varying from a
fewhundreddollars to more than
$60,000, is to comply with the
requirements of the LPB in recover
ing 90 per cent of their claims, then
applying to the receiver in the case,
DunwoodyLimitedof Toronto, in
submitting a claim for the remaining
10 per cent.
“Nobody should lose a cent over
this,” Mr. McCall told The Citizen
later. “The money’s there -- it’s not
an actual bankruptcy. The bank is
sitting on $790,000 we (the McCalls)
stopped from leaving the country.”
But he warned that producers
“had better be damned sure” they
have filled out and returned the
forms sent to all creditors by
Dunwoody before Thursday, or they
won’t have a chance of recovering
whatever they are claiming (from
Dunwoody). The receiver has called
a meeting for 11 a.m. on November
24 at Brussels Stockyards, at which
five inspectors will be elected by the
creditors themselves to oversee the
distribution of funds, as available,
among the creditors. All registered
creditors will be eligible to vote at the
meeting, or they may arrange to vote
by proxy, Mr. McCall said.
cd
03
CXJ
£
GO
g 120 Queen St. N., Blyth, 523-4820
Open Mon.-Sat. 10-5:30, Sun. 1-5
g "We're a Blyth Bucks Participating Merchant"
AUBURN
CO-OPERATIVE
526-7262
Store Hours: Mon. - Fri. 8:30-5:30
Sat. 9-12 noon
BELGRAVE
CO-OPERATIVE
523-4454357-2711
Store Hours: Mon.-Fri. 8to 5front lhe ^mri Sat. 9-12 noon
Sale Prices in
Effect until
Nov. 26/88
YOUR CHOICE!
OUTDOOR LIGHT SET
Add a festive touch to your house with Noma out
door light sets. 25 light, sparkle set available in solid
colours or assorted. Sets can be attached together.
587-620.
OUTDOOR MINI-LITES SET
Mini bulbs give a sparkle effect to shrubs and
windows. Your choice of clear or assorted colours.
25 light set. 587-621.
Set
40 light set. 587-622 ............ $18.88 each
INSULATED
COVERALLS
Elastic waist at back and large
2-way zipper at front. Navy or
brown. Sizes S-XL. #42010.
Tails & Oversizes $64.88 each
WESTERN STYLE
OR FLANNEL SHIRT
Assorted plaids. Western style
#3703. 100% cotton flannel
#20050.
YOUR
CHOICE
Tails & Oversizes $23.88 each
EVERYONE WELCOME TO SHOP CO-OP!
Hwy. #4, Belgrave County Rd. #25, Auburn