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The Lucknow Sentinel, 1985-05-29, Page 3Luc row Sentinel; Wednesday, May 29, 1985—Page 3 Bruce. report 4n farming... from page •1 rather than growing corn and raising cat- tle in feed lots. The last recommendation of the report says a third party on debt review board or tribunal should be established to deal with farming operations which have excessive debt loads. The tribunal would be formed at the request of a major creditor. The assets ofthe farming operation would be appraised and the productive value of thefarm and the assets would be calculated. Debt in excess of the produc- tive value would be set aside; and would collect no interest for three years. The business would continue to operate paying interest on the adjusted debt. After three years the business would be reviewed and consideration would be given to how much of the set aside debt could be paid back. After six years, consideration would be given to writing off any remaining debts. After the presentation to county council, several councillors andfarmers expressed the opinion that the report did not go far enough in its recommendations. Ken Kelly, . vice-president of the Bruce County Federation of Agriculture, said he believes the estimates on the number of farmers in financial trouble in the county were at least five per .cent too low. Kelly suggested that, rather than writing down , debt or setting it aside, it should be written off. Although many farmers agreed with the principle of a debt review tribunal, they all believed the tribunal should have the "legislative clout" to enforce its decisions. Teeswater area farmer Brian Ireland said without legislative authority backing up. the decision of a tribunal, the issues "just drag on and on." He said when tribunals were set up in Saskatchewan the banks were more willing to nelgotiate.' Rosevear said giving a debt review tribunal legislative authority to enforce its decisions is "the pendulum swinging .too far." He said bankers would become reluc- tant to lend to farmers if the tribunals had the authority to enforce their decisions. Ireland countered that statement saying in Saskatchewan 65 per cent of farm loans are still approved compared to 75 per cent before the debt review system was set. up. Ron Oswald, president of the Canadian Cattlemen's Association, said, "I don't think there's any startling new informa- tion in the report. The important thing is ' what happens next." He suggested the report was "a little soft in places." Oswald who recently sold the tathung business which had been in his family for over 100 years, said it is the middle group of farmers who are not in severe financial difficulty who have to be saved., Unless something is done to help those farmers, they ,will slip deeper into debt and gradual- ly go out of business. He pointed out that would eventually result in lower produc- tion and more importation of food in the province. Teachers to hold strike vote... from page 1 Sixty-five per cent of teachers are at the maximum. The two sides also are, on average, about $100 apart on the allowances paid for positions of responsibility and extra de- grees. These range from under $1,000 for a bachelor's degree to more than $4,000 for a coordinator. The board is offering to add 9.5 teachers to the staffing formula this year at a cost of $120,000, while the OSSTF is asking for 17.4 teachers, costing $309,600. In terms of class size`„ the board is offering an average ranging between 15 and 30 students depending on the level of subject, while the teachers want this to be made the maximum. The teachers also want the board to add more money to the staff improvement plan, while the board is standing pat, at $65,000, noting it already spends more money in this area than any other board in the province. The staff 'improvement plan is used to pay for teachers to attend conferences. The board estimates the overall increase in costs under its rifler would be 6.3 per cent, while the teachers' requests would increase costs by a total of 12.1 per cent. The board explains the rationale for its offer by pointing .qct it would give high school teachers .hi Huron the highest maximum salaries of any of the adjacent school boards which have settled their contracts, with the exception of Middlesex. It also notes that the increase in the Consumer Price Index, a measure of inflation, currently stands at 3.7 per' cent, while the average increase in weekly earnings across the country is just 2.5 per cent. In addition, the offer would increase staff for the 1985-86 school year, even Correction In the Sentinel story, School coping with strike, the secretaries maximum wages were published as $16,107 or $8.85 per hour. These figures are what the board has of- ,„„ fered to date. The correct salary as it now stands is a maximum after five years employment of $8.18 per hour or $14,887 per year for full time employees. The Sen- tinel sincerely regrets this error. though the number/of pupils is decreasing. As a result the pupil -teacher ratio would drop to 15.9 from 16.4. The board memo also points out that the offer implements the recommendations of the factfinder's report. In his report released last October, fact finder Gene Deszca, commented that despite some ambiguity on dollar issues, "it is clear the board is much closer to the likely end point than the teachers (four per cent vs 7.5 per cent)." He noted that although negotiators for theeachers "believe the county'is doing fairlSS'well economically and that the nature of farm property taxation shields farmers from much of theimpact of educational taxes, information put forward by the board argued otherwise. . The board pointed out that average income in Huron is 15th lowest out of 51 counties surveyed and that average income here is below/ the provincial average. In relation to surrounding boards, Huron has the lowest housing costs and the third lowest average income and per capita income. Despite all this, the board noted, it already paid the highest maximum salary and the fourth highest principal and vice principal salaries, in terms of neighbouring boards. The fact finder concluded that income statistics for the county suggest it is not a rich area and, in light of this, "I can see no compelling reasons for exceeding the (four per cent) guide lines. "Therefore, I would recommend a total compensation increase in the range of approximately five per cent including increment and grid adjustment costs." The board offer, , including increment and grid adjustment, amounts to. 5.1 per cent. John Gnay, president of District 45 of the OSSTF, was contacted but declined to make any statement regarding the negotia- tions or the board offer. "At the moment, no comment," he said. "Not at this time." Selling is a cinch when you use a Sentinel Classified ad to spread the word about the items you have for sale. Metal Coating For Badly Rusted Agricultural Buildings •STOPS RUST - •NEUTRALIZES RUST Adds 10 years to the life of steel buildings. Paintcan be applied over this product at a later date with no further prig. YOUR BUILDING CAN LOOK LIKE NEW WITH AIRLESS SPRAY PAINTING' FREE ESTIMATES W. ADAMSON &SON CONTRACTING LTD. 528-2113 LUCKNOW INVESTMENTS WE ARE AGENTSfOR SEVERAL TRUST COMPANIES All insured under Canada Deposit Insurance Corp. NO CHARGES OR FEES SHORT TERM LONG TERM R.R.S.P. 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