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HomeMy WebLinkAboutThe Lucknow Sentinel, 1987-07-01, Page 8Page 6—Lucknow Sentinel, Wednesday, July 1, 1987 Would you like to buy a more recent model 4I Come Cre look over our newest models. 1986 GMC 1/2 Ton 1985 DODGE ARIES WAGON, air > 1984 PONTIAC PARISIENNE wagon 1984 OLDS DELTA 88 BROUGHAM, 4 door, loaded 1981 CUTLASS SUPREME BROUGHAM 4 door 1981 CHEVY CITATION 1979 OLDS REGENCY 98 4 door, loaded with extras HAMM'S Blyth Phone 523-4342 HUTTON FARM BARGAIN - 100 acres near Wingham, over 50 workable, 30 acres nixed bush, spring and pond. 3 bedroom brick home, nicely decorated garage. price $64,900.00. CLOSE to town - 3/4 acre lot with 16 yr. old 3 bedroom bungalow. Living room, dining room, and good sized kitchen, full basement, deck, drilled well, asking in the thirties. **4.***** 100 ACRES - Kinloss - 70 workable, no buildings. Asking $31,500. Reasonable of- fers considered. TEESWATER - 2 bedroom horne icould be 3,, 2 baths, 12 year old addition. Horne in excellent condition. Asking $29,900. ******** 3 CHOICE LIYI'ti in Lucknow - Buy one or buy all three as a unit. Mel Mathers, Wingham 357-3208 LLOYD W. HUTTON Real Estate Ltd. Broker, Kincardine LUCKNOW, ONT. - CAN -AM TRACTOR PULL JULY 11 and 12, 1987 Come See — Mini Tractors — Giant Dragster Tractors — Super Stock Tractors — Wheel Standing Trucks "THE MOST COMPLETE SHOW IN WESTERN ONTARIO" — PRESENTED BY - LUCKNOW TRACTOR PULLERS ASSOC. Saturday, July 11th 6:00 p.m. *Mini Tractor Classes *5600 2WD Trucks *6000 Econo Modified Tractors * 5500 Super Stock Tractors *7200 Modified Tractors * 9500 Super Stock, Tractors Admission stir Sunday, July 12th 1:00 p.m. *6200 2WD Trucks * 5200 Modified Tractors * 7500 Super Stock Tractors *9200 Modified Tractors *11200 Super Stock Tractors *Mini "tractor Classes Admission $800 WEEK -END PASS 15?0 — PROCEEDS FOR - LUCKNOW AND DISTRICT ARENA PROJECT Total Purse — $20,000.00 ctl ed By: •GREAT LAKE TRACTOR PULLERS INC. PRIMITIVE C Son on • CENTRAL MICHIGAN TRACTOR PULLERS INC. AV PRIMITIVE CAMPING • CANADIAN MINI TRACTOR PULLERS ASSOCIATION No Roin Dotes 9rIno Lawn Chairs No R.funds Sponsored In pert by HLM WELDING (1983) LTD. Manufaotur•ro of LUCKNOW ACR. PRODUCTS FOR MORE INFORMATION, CONTACT: Art Helm (519) 529-7627 Stu Reovie (519) 529-7995 Exemption for farmers Brigid Pyke, president of the Ontario Federation of Agriculture ( OFA) welcom- ed the retention of the $500,000 capital gains exemption for farmers, but said other provisions announced by Finance Minister Michael Wilson will unnecessari- ly complicate farmers' business and tax practices. "Farming is highly capital intensive, and farm property is usually the only retirement fund a farmer has. So there are very good reasons why the proceeds from the sale of farm, property are given special tax treatment. However, the benefits of this capital gains exemption are blunted by the existence of a minimum tax, and there was no signal from Wilson that this is going to change." said Pyke. The OFA president pointed out the tax reform proposal sets new restrictions on the definition of farm property that would qualify for the exemption. Farm property acquired today would have to be held at least two years, and gross income from farm operations has to be greater than net income from other sources in order for the property to be classified a farm asset. Pyke further objected to the announce- ment that farmers are going to have to file taxes on a "simplified accrual" system. "To a farmer" said Pyke, "that's a con- tradiction in terms. It may be simplified for Revenue Canada, but not for us." Nine- ty two percent of Canadian farmers presently file under the cash accounting method. "I'm suspicious that this may be the start of the government's move to veer the calculation of farm taxes toward a solely accrual basis." Farmers who have had to seek work off - farm to supplement meager farm incomes have not had their tax affairs simplified by the tax reform proposal. Neither have they gained the ability to forward plan, said Pyke. The Ontario Federation of Agriculture. and the Canadian Federation of Agriculture presented a proposal to the finance department that would have met these two objectives, but the Wilson state- ment did not capitalize on the farm organizations' recommendations. "This white paper does not introduce any more certainty into tax planning for dual -income farmers, nor does it change until 1992 the requirement that farmers meet a very subjective `reasonable expec- tation of profit' criterion that we've found a problem for so many years." com- mented Pyke. As for the possibility of a national sales tax — and the alternative of developing a busjne, s transfer tax or a value added tax — the leader of Ontario's largest farm organization said farmers will have to pay strict attention to the implications of greatly increased taxes on their inputs and how this will affect the supermarket prices consumers will face. Youth workshops at Blyth BLYTH - Once again the Blyth Festival is offering summer workshops for theatre lovers from five to 18 years of age. The workshop for children five to 11 years old will be held from June 29 to July 10. The youngest workshop goers (five to eight years old) will attend a morning session from 9 a.m. to noon. The workshop for the older age group (nine to 11) will be held from 1 to 4 p.m. The Young Company sessions for youth 12 years old and up will begin on July 13 and culminate in a public performance on August 14 and 15. Registration for all three workshops will be' held on June 27 at the Blyth Fesitval Theatre between 1 and 4 p.m. All workshops are free of charge. For further information, phone the Blyth Festival at 523-4345. Arthritis Campaign coming Congratulations to John and Nancy (Er- rington) Hamilton on thebirth of a 91b. 3 oz. daughter, Julie Amanda, on Wednes- day, June 24, a sister for Tyler. Bonnie Hodges will be taking over the Arthritis Campaign for Dungannon and area in September. She will be succeeding Olive Chisholm who is retiring after six years. Olive succeeded Olive Blake of Glenn's apartments, Lucknow, in 1981. Bonnie is looking forward to working with the canvassers of the area come September. Leola Hartung and son Luke of R. R. 1, Goianstown visited for a couple of days last week with her parents, Leonard and Olive Chisholm and family, while her sister Virginia Caesar was on a week's vacation. Congratulations to Jim and Joanne Pentland on the birth of their daughter, Jocelyn Nicole, on June 23, weighing 81b. 2 oz, another grandchild for Ron and Yvonne Pentland. Winner of the barbecue at the Dungan- non Tempo Gas Bar customer apprecia- tion days, Friday and Saturday was Steven Durnin. On Saturday the youth group held a very successful car wash. By the amount of traffic flow on' both days, John and the gang were kept busy. At the Seniors' Centre, euchre on Wednesday evening high ladwas Bertha Olson, low lady Grace Finnigan, high man Stanley Dennis, low man Tom Culbert. Happy birthday congratulations were ex- tended to Betty Bowers, Ken Hodges, Beth Hodges, Hohn Harris, Cora Sherwood, Jim Errington, Helen Sothers and Femmie Groen. Also celebrating June birthdays are Joel Wright, Trisha Ohm, Rosalind Jervis, Dana Park, Denise Curran, David Adams, Tenille Cranston, Luke Sproul, Justin Brown, Debbie Patterson and Erica Baer. Congratulations also to Art and Mary Stewart who celebrated their 57th anniver- sary on June 28. Many more are wished for the young couple. Callers on Sunday with Gertrude Park were Norval and Ruth Anderson of Toron- to and Port Albert and Tom and Verna Hallam of Auburn. Hugh and Willetta McWhinney were treated to a luncheon on Saturday at Joe's Landing and an airplane ride on Sunday as an anniversary gift from their family. Rob and Sandy of Kincardine, Clair and James and families were present. Jim, Janice and family of Meaford were unable to at- tend and Loxie and Ken Murch and family of Clinton were not present due to illness. A few from our area attended the largest truck and tractor pull in Canada held in Fergus on Saturday and Sunday. Those at- tending were Tim and Wanda Hodges, Doug and Kathy Dougherty, Tom Park, Dirk Walterbeek, Jeff Hakkers, Wayne Park, Karen Eckenswiller, John Stanbury and son Jason. Lee Shetier and grandson Matthew have returned from a two week visit to British Columbia. The first weeek they visited with daughter Jane Shetier on the island at Ladysmith, then back to Castlegar with daughter Donna Kingdon and family for a week. While there she attended the graduation of her garndson Don Kingdon from Castlegar High School. They flew back to Toronto on Wednesday and arrived home on Thursday. Memorial services were held at Dungan- non cemetery on Sunday afternoon. The prelude music was offered by Roberta Lin - skill, the call to worship was given by Reverend R. Roberts, as well as the scrip- ture reading. Ralph Henderson favored with two beautiful solos. A minutes silence was observed for the Honour Roll 1986-87, Dorothy Errington, ° Ruby Fowler, Roger Pentland, Melvin Stewart, Murray Robt. Pentland, Charles Brown, Bruce Bennett, Leslie Pentland, Miss Flora Durnin and Mary Glenn. Matthew Ott of Kitchener visited for two weeks with his grandparents, Irvine and Colleen Eedy. On Sunday they took him to Port Elgin to his parents' summer home and visited. On their return home Andrew came with them for a two week visit.