Times-Advocate, 1978-12-14, Page 15 (2)By JACK RIDDELL
MPP Huron•Middlesex
I asked the Minister of
Agriculture and Food -in the
Legislature this week if he
was aware of the concern
that has been expressed
over recent purchases of
blocks of agricultural land in
the Counties of Bruce,
Huron. Kent and Lambton,
by foreign interest and if he
could tell us how widespread
this practice is.
I also asked if the Minister
would immediately under-
take ,a survey of current
foreign ownership of rural
lands in Ontario and monitor
all new land transfers to
Foreignland purchases
private or corporate foreign
ownership,' as was
recommendted by the On-
tario Federation of
Agriculture at its recent an-
nual meeting.
It was at this meeting that
1 was able to observe spark-
ed iftense concern among
some farmers at what
appears to be a new flurry of
Ontario land purchases by
non -Canadians.
The purchases seem to be
concentrated in the Counties ,
mentioned but since raising,
the question. I have been in-
formed that such purchases
have been taking place all`
across Ontario. However.
this has been a continuous
concern for at least five
years with periods of more
intense buying activity from
time to time.
Few farmers feel comfor-
table in arguing that non -
nationals should be
prohibited absolutely from
Leave this form (filled out) for him .
then all he has to do is head for
Boyles.
We'll even wrap his gift for him and
he could even n our $50 gift draw.
COLOR
Main St., Exeter
OPEN UNTIL 9:00 P.M. FROM DEC: 18
owning Canadian real estate
or farmland. What causes
worries is that large
amounts of foreign invest
ment frequently concen
Crated in sizable blocks o
holdings raise questions
about future control of Cana-
dian resources and com-
munities.
Naturally such purchases
by outsiders push up land
prices for local farmers
wishing to buy. Also much of
the concerns stem from a
lack of knowledge about the
extent of foreign ownerships
in an area. the source and
nature of such large
amounts of ready cash. the
long term intent of foreign
purchases regarding the use
of land and the lack of any
The Ontario ,Government
seems to have little exact
knowledge about this
phenomenon as of the last
five years. Its latest
systematic survey of the
problem was in 1973 by the
Sefpct Committee on
Economic and cultural
Nationalism.
As it then appeared that
only about one percent of
Ontario real estate was own-
ed by non -nationals. the
government has not seen fit
to monitor the trend since.
However. due to general
knowledge of much purchas-
ing of Ontario real estate.
including farms. in 1974. the
Government did amend the
Land Transfer Tax Act to in-
crease this tax on purchases
of, land by non-residents of
Canada to 20' of the
purchase price.
In fact this tax is easily
dodged as a local agent for
the purchaser can register
as an Ontario company.
Registration can be ac-
complished without listing
foreign based principals and
the purchase is registered as
to a domestic company. ,
It is interesting to note
that Prince Fdward Island
and the three Prairie
Provinces have each taken
legislative measures to
restrict ownership of
farmland by non -Canadian
residents and 1 am surprised
and disappointed that the
Minister of Agriculture and
Food for Ontario. has such a
effective controls over such
purchases. -
announced federal
payments. With effect
January 1st, the guaranteed
income level will be $343 a
month for single people and
$666 a month for married
couples, if both spouses
qualify for the guaranteed
income supplement.
These increases will
affect about 244,000 elderly
residents of Ontario. Some
2.500 additional senior
citizens who do not qualify:
for the federal pension and
supplement will receive a
monthly increase equivalent ypili
to the federal increase. The
Minister said this will cost
Ontario about $600,000 a .
year.
This week the Provincial
Treasurer .told the
Legislature that unemploy- •
ment in this, Province rose
fnarginally from 6.1 to Ifik
6.6", of the labour force
between October and
November.
Times -Advocate, December 14, 1978 • Pug* 15 •
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Latest unemployment „4"j
figures show an overall in-
crease. bringing the total
unemployed to 312,000. This -.7V
is despite the fact that On-
tario was the only province
to increase its work force
during the period in ques-
tion.
The Treasurer described
the rise in the number of un- •4)
employed as "regrettable",
but entirely due to, the in-
crease in the work force.
Some 154.000 new jobs 7/45
were created in Ontario ,•C}►
between November '77 and
last month. but due to the
large number of people
entering the work force. the
seasonally adjusted un- „C♦
employed rate is now at
7.37 up .3 over the
previous -month.
The Treasurer said he ex- :TO
pected to sign an agreement '''
with Ottawa in the near
future. which would cover
heavily hit areas of Eastern
On"coariomplete
and hc pro" o ed a • ,k4 .
"complete package" of job J
creation measures to com- • 0
hat unemployment.
1I
Pick doll
lackadaisical attitude about . d
theraw ticket
the foreign purchases of
A Christmas bazaar was'
held by Beta Theta Chapter
of Beta ,Sigma Phi,
farmland
Beginning in" January.
single elderly- people in this
Province who receive
guaranteed income December 5 at the home of
supplements will get 520 SallyLou Raymond which r
more a month: The Minister was decorated for the
of Revenue also told the Christmas season.
Legislature that elderly Mrs. Ada Dinney acted as
married couples who auctioneer of the many gift •
receive the supplement will .i t em s ma d e by t he
receive 510 00 extra a members. She also drew the A
month. name of the lucky winner of
The increase in the the doll and wardrobe who
guaranteed income level en- was Mrs. Barbara Ford. Mt: - ,AS.sures that Ontario residents eter Refreshments were
who are 65 or older will served by the social com-A ; rO
benefit fully from recently mittee.
ri
CAROUSEL TOURS AND
r
Travel ere ani
PRESENT
EXCITING LAS VEGAS
Nonstop direct charter.
FEB. 9 to 12
4 DAYS - 3 NIGHTS
FRIDAY TO MONDAY
.• 1101:!10114r4;
to,Las Vegas from Stratford, St. Marys,
& Lucan
Flamingo Capri Hotel —$
in the heart of Centre Strip
i.
PACKAGE INCLUDES
• 'Coach transportation 10 and rom Toronto
Internationale Airport.
• Round trip non-stop jet transportation via
727 ;to Las Vegas
• Complete in-fliht service including com-
plimentary drinks.
• Round trip transfers between Las Vegas
airport and hotel in air conditl ped bus.
• Baggage transfers and hotel pre -registra-
tion.
• Gratuities to Las Vegas skycaps and hotel
bellman for luggage handling.
• Fun coupon booklets.
• Nevada State hotel tax.
OUR MOTTO:
IF YOU CAN'r COME TO
US, THEN w'i'LL COME
TO YOyll
NOT INCLUDED
• Canadian departure tax of $8 00 per person
• U.S. departure tax of $3.50 per person.
• Cancellation protection of $10.00 per per-
son. Gratuities for hotel maids and items
of personal nature.
Note — Prices are based on double occupancy
--- per person for 4 days 3 nites. (Friday to
Monday) — single room is extra, triple room
same as double.
The Travel (
a
Festival Square — Stratford — 10 Downie St.
THE COMPLETE AND COURTEOUS TRAVEL SERVICE
PHONE 271.8031 OR IF LONG DISTANCE ZENITH 5.0310
V
pre -Christmas.
FURNITURE SALE
NOW YOU CAN USE YOUR
WHITING'S CREDIT CARD
(Revolving Charge Plan)
No service charge at all if paid in full in'30
days. 1.75% per month (21% per annum) if
extended. For example. If your original
'balance is up to S100.00 then your required
monthly payment is only 516.00 and your ser-
vice charge on on outstanding balance of
5100.00 is only $1.75 which will reduce as the
balance reduces.
Or Use Your Chargex- or Mastercharge.
CARPET
5!/o TO
50%
OFF
Super Value
QUALITY
CARPETING
PROFESSIONAL-
INSTALLATION
ROFESSIONAL-
INST ALLATiON
CAN BE ARRANGED
Our Reg. Price
514.95 per sq. yd.
$595
Per Sq. Yd.
MICROWAVE
OVENS
1 0% OFF
H
I
N
Warehouse Furniture and Appliances Unlimited (New and Used)
cri
Sales & Service • Antiques & Things
235-1964 EXETER
MAIN ST.
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