The Lucknow Sentinel, 1979-07-18, Page 4Page"-4--Lucknow Sentinel, Wednesday, July 18, 1979
Veterans who belonged to,
the 3rd Canadian . division
which took part in. the D
Day invasion during the
Second World War return-
ed to the , site of their
invasion along the beaches.
of France in June to mark
the 35th anniversary of D
Day. Those who . went to
France from this area in-
cluded upper picture, frons'
the' left, Clarence Greer,
Lucknow, Ted Elliott and
Beryl Elliott, Wingham;
back -row, George, ' Tervit,
Wingham, Marie Greer,
Lucknow and Barb Tervit.
In the lower picture are
Aileen and Eldon Man..'
Mr. and Mrs. Charles Wllk-
ins and Mr. and Mrs. Jim
Hunter also took the ` trip:
Kinkiss authorises
grant appl+�c�t�ons
The regular session of cepting the application of
Kinloss Council was conven- Percy Bros. fo a tile dram
ed onJuly 3, 1979 with all loan for lots 1.5. and 16,
Members present except concession 11; approving the
councillor Eadie. building permits of Gerald
The clerk was authorized Doelman on R2 NDR lots 11
to make application ;for a and 12 and Brian Doelman
Provincial Grantfor the concession. 6,; lot 2 for liquid
purpose of making loans' to manure.storage tanks and for
ownersof real p •operty used Art Breckles for addition to
for „residential improvement house on lot 36, plan 231; to
of divellinq unitspursuant, to •$ equest - the Bruce . County
the Housing Development South .Planning Department
Act and the Regulations and to prepare the necessary
subject to .the 'limitations appropriate . amendment to'
thereof. the zoning by-law to change
•'Final approval was given the zoning on lots 18, 19 20
to the John. Woods O.L.S. from open space to seasonal
survey of sideroad 35 eaten residence to comply with the.:
.sion concession 4 north of South Bruce Official.. Plan:
Whitechurch forpurposes of The amending by-law is to be
d..ed registration. circulated.
Council passed by-law General accounts for
number 13-1.979 which is a $12,753.76 and highways ac=
by-law to acquire real prop- counts for .;$42,726.0.4 were
erty persuant to section 336 ordered paid:
of the Municipal Act R.S.O. On June 19th at a special
1970 chapter 284 to be cited meeting it was determined
as the Tiffin Road. Allowance that the hours for the Town -
By -Law. ship waste site should be
Motions were passed ac- Tuesdays from 4.30 p.m. to
7.30 p.m. and Saturday .from
9.00 aim. to 5.00 p.m.
A building permit for
Brenda Day was approved
for lot 14 plan .225 -for a
carport
Ontario Hydro is to ..bo
directed to reinstal the street
light on Huron ' Street in
Kinlough and to place a new
light on James. Street.
Other .motions passed in-
cluded a request for the.'
Bruce County South Plan-
ning Department to prepare
'an amendment to the ,zoning
by-law to allow for the crea-
tion of .a lot of less than, 90
acres on lot 13, concession 4;
to authorize the clerk to
collect a fee of at least
5100.00 for circulating am-
endments to the zoning
by-law and to accept 10
applications for the drainage
loans.
+
Tact is what enables
you to disagree without
being disagreeable..
SAVE YOUR OLD
WINTARIO TICKETS
R SAVINGS
ti.. ---'ON
CANADIAN
RECORDS AND
FILMS.
May 1 to September 30,1979
save up,to $2.00 on
Canadian records and.
tapes costing .at least
$3,95 and at least
50% on admissions
'•_ to Canadian
movies. Look for
the HALF BACK
symbol at partici-
pating record stores
and theatres.
•Hon Reuben. b,Baeta
MihIstry of culture
ontan° and Recretjtion
arm- n
anagernent
. BY JACK HAGARTY
FARM MANAGEMENT
SPECIALIST ,
At the recent Pork Con-
gress a farmer came to the
and said, "I can't for the life
of me figure why some
farmers buy so much mach-
inery. At today's rates the
interest alone is enough to
scare me out of buying any-
thing I can't pay for in cash.
Whyy do farmers continue to
buy so touch?"
I didn't have a good
answerat the time. But I've
thought about it. And I've
come up with two reasons. 1.
inflation 2. income` tax
savings
Today, the lender hands
you a dollar bill. As it
touches your ..fingertips, it is
worth nothing. But, the
meter is already .running.
Interest is accruing. Outside,
thingsare inflating. Your
dollar' is eroding! You rush
from his office with the,. thing
decomposing in your very
hand: .
In recent years our dollars
havebeen plagued with an.
infestation of ,the parasite
known as inflation. This par-
asite attacks money itself; al-
though it leaves no visible
lesions,., it tends to reduce, its
value. The lender is extreme-
ly susceptible to thisparasite
because he 'deals in money,
not goods and services. The
lender charges interest to
counter . inflation, to cover
costs, and to make a living.
One dollar received a year
from now is not .worth one
dollar today. It is _necessary
to discount, ' e.g. at ° 9%
discount rate the one dollar
received in a year is vtirth92
cents today.
Let us take an example of
someone who buys and fin-
ances a 510,000 tractor in
July, 1979. The dollar am-
ount of payback is $7,776 at
today's present value (as-
sume 9% discount, . annual
payment' of $2,000 over five
years): The total tax savings
over the five year period will
be.. $3,670 (assume . $12,000
taxable income). The total'
interest charges are $3,900
(interest 13%). The tax sav-
ings -will. nearly pay for the
interest.
This gives us some insight
into why rational decisions
by. some -- seem very irra-
tional to others.
It is important to remem-
ber that the principal still
must be paid -- even though
the $10,000 tractor only costs
$7,776 at today's present
value. The tractor must be
put to useful work -- or its
costs will outweigh its bene-
fits..
John, Deere Safety Savvy
Smokes' and fuel have this effect:
One good . puff and you're a wreck:
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4
*• Weddings
* Anniversaries
*" Birthdays
* Any Special Occasion
See our Targe selection of
jewelry and china
We have aift that's
g sure
to please
/ JEWELLRY
SC .
mlc� A.
• S AND CHINA
OWNERS — W. JOS. AND DEAN E. AGNEW
FOR EVENING APPOINTMENTS
PHONE 528.3532 OR 528.3940.
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