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Home My WebLink AboutThe Lucknow Sentinel, 1987-09-23, Page 3Lucknow Sentinel, Wednesday, September 23, . 1.987---Paje 3 FCC increases loan interest rates OTTAWA, September 14, 1987 - Agriculture Minister John Wise today an- nounced an increase in the interest rates charged by Farm Credit Corporation ( FCC) on new loans approved after September 13, 1987. The new FCC rates reflect current com- mercial lending rates. Mr. Wise noted that FCC assumes a greater risk by lending to farmers who cannot get loans from com- mercial lenders, and it does so at a cost that is comparable to the rates charged by commercial lenders. The interest rate charged for five-year fixed interest term loans is now 12.00 per cent, compared with the earlier rate of 11.50 per cent. Loans under the Shared Risk Mortgage Program have increased to 11.75 per cent, up from 11.25 per cent, while 10 -year fixed -term loans are now at 12.25 per cent, compared with the previous 11.75 per cent. Loans with terms of 15 or more years are now at 12.25 per cent, up from 12 per cent. FCC also offers the Commodity -based Loan ( CBL) with an interest rate as low as six per cent to its current borrowers who had a loan with the Corporation before February 26, 1986, and who are experienc- ing cash flow deficiencies. Under this program, the capital of the loan is linked to the variation in the price of one or two commodities produced on the farm. Qualifying borrowers can choose to fully or partially index their loan. Under the full indexation option, farmers pay an interest rate of six per cent. The new rate for the partially- indexed option under the program is 9.125 per cent up from 8.875 per cent. The cap that limits the amount borrowers would pay if they opted out of the program has been raised to 14.25 per cent from 13.75 per cent FCC is authorized to lend up to $400 million under the Commodity -based Loan Program during the -1987-88 fiscal year. Between April 1 and August 31, 541 bor- rowers had opted for a CBL and the Cor- poration had approved $93.4 million under this program. when choosing a doctor, consider carefully When you are looking for a new doctor, what do you need to know to make an in- formed decision? Obviously, the doctor's professional qualifications are going to be important to you. But are other factors such as doctor's hours, hospital affiliation and services provided also important in reaching your decision? Does your list of considerations include such items as park- ing and babysitting facilities, what Languages the doctor speaks, the doctor's age and sex, and how long you have to wait for an appointment? The College of Physicians and Surgeons of Ontario, the body which regulates medicine in the province, is reviewing these questions in light of the legal restric- tions which now govern the rights of doc- tors in Ontario to advertise their services. Right now, a doctor's right to advertise is very limited, in order to protect members of the public from misleading advertising by the few physicians who might abuse this privilege. Ontario law allows physicians to adver- tise only by way of professional business cards, appointment cards, a brief listing in a telephone directory and a small an- nouncement in the newspaper when a practice starts up or changes locations. Since this law was established, however, the practice of medicine has changed dramatically. The range of services pro- foe r hing a�y� vided by doctors varies widely, and many health care alternatives such as communi- ty health centres, and walk-in clinics are gaining new prominence. As well.., con- sumers are becoming much more sophisticated and want to know a great deal more about their options before choosing a doctor. The College of Physicians and Surgeons is reviewing this area in order to make recommendations to the Ontario Govern- ment as to whether or not the restrictions on doctors' advertising should be changed, andif so, how they should be changed. In its review, the College is looking at issues such as what information would be in the public interest for doctors to provide and how should that information be provid- ed. For example, should advertising be allowed in newspapers, in health care magazines, on radio, on television, in household flyers or brochures in the doc- tor's office, or should some combination of these choices be available? In conducting its review, the College will be asking for opinions from public interest groups, members of the public, members of the medical professional and other pro- fessional groups, in order to develop a series of recommendations which meet the needs of the public while still protecting the public interest. If you have an opinion on the issue of advertising by physicians that you would like to offer for the purposes of this review, please write to: The College of Physicians and Surgeons 80 College Street Toronto, Ontario M5G 2E2 Attention: Dr. A.A. Shardt, Policy and Research MVCA HOLDING FALL COLOUR TOUR Are you and your family looking for a place to take an autumn stroll? Why not plan to join staff from the Maitland Valley Conservation Authority at the 3rd annual 'Fall Colour Tour' to be held Sunday October 4th from, 1 to 4 p.m. at the Wawanosh Valley Conservation Area. Visitors to Wawanosh will enjoy horse- drawn wagon rides over the rolling hills of the property followed by a guided hike through a hardwood bush alive with fall colours! You can end your visit with a refreshing taste of hot apple cider. Plan to bring warm clothing and waterproof footwear. The Wawanosh Valley Conservation Area is located southwest of Wingham, 2 km west Qf ,Hwy. No. 4 on concession VI - VII of East Wawanosh Township. Come and join in the fun! 11 fb LUCKNOW, 3 bedroom home, 4 pc. bath, family room, full basement. Asking $29,500. LUCKNOW, 3 bedroom, 1 bedroom 8 bath on main floor, walk -out basement onto large lot enclosed sunporch. Priced at $35,000. BROOKSIDE - 10 year old, 3 bedroom home on 10 acre lot, 3 acres white pine; 20 x 40 steel shed. HOLYROOD, 5 bedroom home on country road, 2 acre lot, steel shed 36 x 36, $35,000. DUNGANNON. 10 year old, 3 bedroom, 1 storey home with extra lot, finished rec room in basement, immaculate condition, im- mediate possession. LUCKNOW an exceptional site to build a brand new home, stream at back of lots, pric- ed to sell. LUCKNOW, 3 excellent lots. Different loca- tions. Open to offers. LAKE FRONTAGE on Lake Huron at rear of 102 acres of cash crop land. Good 4 bedroom home. ASHFIELD, 144 acres, systematically and ran- dom drained, good 2 bedroom home with barn and implement shed. Good level cash crop land. Asking $158,000. ASHFIELD TWP — 2.54 acres modern building 30 x 30, a good place to start an enterprise of your own. UNIQUE, ranch style home features 4 bedrooms, central fieldstone'chimney, pine ceilings, cupboaids, energy efficient. Located on 100 acre farm with 65 acres bush. 150 ACRES KINLOSS TWP., barn will ac- commodate 70 cows, pipe line gutter cleaners and barn automatic feeding, 3 upright silo unloader, good 4 bedroom home, would convert to beef feedlot. Reduced. KINLOSS TWP., 200 acres, immaculate fieldstone home, beef barn, covered pit silo, 'steel implement shed, maple sugar bush. RIPLEY AREA, 96 acres, 70% systematical- ly tiled, large barn, reduced to sell. Asking '68,500. KINLOSS TWP., 100 acres, 55 workable, good grass farm„ well fenced, hardwood mixed bush. $39.900. ASHFIELD TWP., 100 acres cosh crop, 90 workable, well tiled, 40 acres fresh seeding. ASHFIELD, ,200 acres, approx. 170 workable, well tiled, balance hardwood, cedar bush, priced to sell at $135,000. PAUL ZINN ALVIN ROBB WARREN ZINN 528-3710 395-3174 528-3710 LUCKNOW & bISTRICT LIONS CLUB'S Gigantic Garage, Lawn and Auction Sale LUCKNOW ARENA --�. Monday, October 12 9:00 AM • ? All Proceeds for Lucknow Sports Complex All Local Auctioneers Donating Their Time. TO DONATE ITEMS FOR THIS SALE FOR LUCKNOW RESIDENTS - 2 Pick -Ups Saturday, Oct. 3 or Saturday, Oct. 10 or deliver to the arena on these dates yourself Out -Of -Town - Deliver yourself on these dates or call any Lions Member, or ROB ADAMS 528-3035 TOM HELM 395-5186 WOLFGANG WEBER 528-2000 BILL HUNTER 528-2009 or 528-3002 JACK CAMERON 529-7848 JOE VAN OSCH 395-2865 WALTER ARNOLD 528-3114