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HomeMy WebLinkAboutThe Goderich Signal-Star, 1967-12-14, Page 22d. moors See Steady C ec I ane Of Net income B Mrs. Am "Martin Secretary, ,Local 342 '10 One is more aware of the 'plight of the farmer than we who have been doing farm tax. irk over the past several yflars and have seen the steady decline of net income", said George 't'. Hall, Income con. sultant from Hall and 'Hall In• 'come Tax Services, London, as he addressed the OFU Ashfield Local and 45 members pre. sent, at their annual meeting at Luoknow. At this same meeting the elec• tion of officers for 1968 took place. Phillip Durand of Zurich, District Director for Huron - Perth chaired the election. Four new directors will serve on the executive. They are: Legis. lature director, John McKay; Educational, Eugene Frayne; Recreational and Social, Mrs. Michael Penich; Publicity and Press, Mrs. Jim Martin. Jim Martin, President, Lorre Luth- er, Vice-President,;._Mrs. Jim Martin, Secretary, Vincent Auster, Treasurer were elected to their same posts as last year. Guest speaker for the eves. 'ing „was George T. Hall who spoke abput the• Carter iteport and the brief that was drawn up by the Farm Unipen presidents from each Province and their income tax accountants and pre- sented . to Finance Minister Sharpe November 8, 1967. -In general terms the brief stated that "the National Farmers' Union was in* coal. plete agreement ,with the basic. principle of Carter. Our area of concern was in necessity of modification of some points of the report because of the nature of ?farm business and that it differs in many respects from other businesses". The major recommendations with which the NFU was concer. ned were: (a) the change from the cash accrual (inventory e.g. salable produce, not includingbuildings A message from your neighbourhood Brewers Retail,. As the holiday season approaches, adverse weather conditions sometimes place a maximum burden on our staff to maintain our high level of service to ourretail store and home -delivery customers. To avoid serious congestion atour' stores and also disappointment in our home delivery service during this peak sales period, we respectfully suggest that our customers order or purchase their requirements as early as possible. X11 Brewers Retail Operated by Brewers Warehousing Co. Ltd. THEY'LL LOVE TO GET and property) system of de. termining farm income. • (b) inclusion of capital gains, gifts and inheritance in the con. prehensive tax base. (c) the family unit concern. (d) tax credits and exemp. Lions. The arguments used to bol. ster the above points are: (a) that if inventories were valued at market price, large fluctuations could occur in farm income from year to year. For example the price of white beans varies from day to day for the farmer; yet a corner grocery store has "a fair idea that a can of beans will remain set at the reasonably same price' throughout the year. (b) Capital gains should not be brought into the cot<nprehen. sive or same rate as wages and Self-employed earnings but should be taxed at sonic?. lower rate. (c) Provisionrs were placed on the so called "hobby farmer" and, -while the NFU agreed with this, they expressed concern that taxpayers who find it nec• essary to obtain part time jobs outside the farm . (working on boats, bus driving and other things) in order to maintain the farm and provide adequate star. dard of living for their family, would not be penalized under these proposed changes,. (d) That lifetime gifts and an. nual giftexemptions shouldboth be doubled. The president thanked Mr. Hull for bringing this informa. tion to the group and follow. ing a question and answer period the meeting„was adjourned and lunch was served. PERSONALS Mr. and Mrs. Bob Jeffrey , visited with. Mr. and Mrs. Larry Jeffrey and.daughter Melaine in New York for the past few weeks. * * * Miss Margaret Dasher and Miss Evelyn McMichael of God. erich spent part of Saturday at the home of Mr. and Mrs. Mil- ton Wiltse of Clinton and also at- tended the family pre -Christmas dinner Saturday evening at the home -of Miss'McMichael's 'bro- ther, Mr. and Mrs. Robert Mc- Michael of Walton. .Goderich detachment Ontario Provincial Police last week,in. vestigated three traffic accid. ents, two thefts one breaking and entering incident and seven other incidents. ° The traffic accidents invol• ved two property damage cases. ane,, one personal injury - case in which 'two were injured. John Gelling, of R. R. 2 Clinton and Wayne Johnston, Of 332 Jam 9s Street, Clinton, were involved in a two -car accident on Thursday, December '7, on No 8 Highway, eastof Goderich. Total damage to both vehicles was estimated at $325. Leo Joseph Tevlin, 38 Napier . Street, Goderich and Howard Godfrey, Rich Street, Goderich were invoivea in' a two `car accident Friday, December 8, on No. 8 Highway, east of God. erich. Total damage to both vehicles was estimated at $95. On Saturday, December 9, on the fourth concession of Col. borne Township, at the inter. section of No 1 sideroad, Wal. ter Gordon Davis, of 46 Nel. son Street, Goderich, was in. volved in a single car accident sustaining $800 damage to the vehicle he was driving. Davis, and a passenger, Doris Catherine Johnston, of 185 Nel. son Street, Goderich; •sustained injuries. ' During the same period, God. erich OPP . officers issued 25 charges. Of these, 20 were in. fractions of the Highway` Traf- fic Act and five were breaches of the Liquor Control Act: . Twenty-six warnings were.is. sued during the period extend. ing from Sunday, December 3 to Saturday, December 9. Goderich OPP officers also delivered safety -,talks at nine different schools. Total number of children reached was 542. . , OPP SAFETY. TIP It is illegal to drive unless you have clear visibility, front, sides. and•rear._.Weather corn._ ditions may, make this difficult at times, but are not an excuse. DONNYI.. ROOK The December meeting of the UCW was held Tuesday -after• noon at the home of Mrs. Sam Thompson with a goodttend, ante. The theme of the meting was. Christmas. Mrs. Ray Hanna opened the meeting with prayer and a Christmas reading I'0 Little Town of Bethlehem” was sung " and the Rev. Roberts, read the SCacipture Luke.2 - 1-2Q. Mrs. Hanna gave the meditation. '° Another Christmas carol was sung and Mrs. Charles Jeffer. son read a poem "Let us now go to Bethlehem " After singing "Away in a man. ger" Mrs. MargaretLeddy took charge of the chapter in the. study book and gave an inter.' esting talk on it followed by a discussion period. Mrs. Tom Armstrong had charge of the business. It was decided to give $10 to the Bible Society and to purchase carpet for the Church entrance, An objective tvas also decided on for the 1968 allocation. ' " A "Thank you" note was read. A slate of officers for the con. ing year was brought forward by rt,the nominating committee. • They are as follows: past pres. ident, Mrs. Tom Armstrong; president, Mrs. John Hilde- brand; first vice-president, Mrs. William Hardy; second vice-president, Mrs. Murray Wilson; secretary treasurer, Mrs. Stuart Chamney;' corres- pondence secretary, Mrs. Er- nest Snowden; citizen and social action secretary, M'rs. Mar. garet Leddy; stewardship 'sec- retary, Mrs. Wesley Jefferson; flower secretary, Mrs. William Harayrsupply and social assis. tante secretary, Mrs.«Morley Johnston; press secretary, . Mrs. Charles Jefferson; pro. gram committee, Mrs. John Hildebrand, Mrs. William Hardy, Mrs. Murray Wilson; pianists, Mrs. Hilliard Jeffer. son, Mrs. Murray Wilson; official board, Mrs. Hilliard Jefferson; board of stewards, Mrs. Edward Robinson; manse com-rnittee, Mrs.= Stuart Chain. ney; Christian education, Mrs. Sam Thompson. Mrs.' StuartChanllaey gave the secretary's report of the fin. ancial 'standing tor the year. !Brian sngwden received the ato fere. a •411=1c the Herald Angels Sing " was sung and Rev. Rob. erts closed the meeting with prayer, - 4 nunnber of ;articles were on the talent table, and ailw. ere sold .in aid of the,society. Des. sert was .served by the hostess assisted by Mrs. Edward ltob. inson, amemononomommernemommommineimpor FOR YOUR FIRE INSUIRANCE' or Phone MAICOLM MATHERS GENERAL IN9URINCM. AGENT 46 WEST ST. • 5249442 . vorminoialans Ever noticed how quickly they grow? ra This Christmas give them a Growth Savings Certifi�ate... if will gr�wwith then. Decide now to give them the gift with a future— - a Growth Savings Certificate. In 6 years, they'll receive $10.00 for every $7.50 you invest—a one third increase. Christmas Growth Savings Certificates are easy to buy, available in denominations of $10.00 upwards and cash - able at any time. Ask about them•at any Commerce branch Give the gift with a future...and watch it grow! CANADIAN OF-COMMERCE IMPERIAL FhMI.FIcK GIFT SHOP IS YOUR Weirkipperderelrit/Deeptio The leather products most men favour are available in their complete quality line of billfolds, secretary's key cases and utility cases at Fincher's„ CHOOSE A PURSE OR WALLET FOR HER. SHE _WILL APPRECIATE TILLEY QUALITY AND WORKMANSHIP TOO. Of modern design, finest quality accessories for the smoker. THE FINEST NAME IN PIPES FROM Makers of fine pipes vrrce 1976. Exclusive Maplewood Distillator removes tongue -bite and juice Ideal for beginners. Treasured by seasoned smokers. Illustrated The "EXCLUSIVE" $11.95 Others $7.95 to $50.00 Always a favourite gift — Packed Tobacco and Cigars BENTL'EY BUTANE convenient *Mein gee refill Wm 4 Iheu,.nde of tights toads fn mends '41„„ We also carry. Medica, MacKenzie, Dr. Plumb and many other popular lines --- from $1.95 up. N• '4,95 UP LIFE NO WMCNI ADJU$TA$lt FLAW NO MISSY ILUIO$t NO 0001101 FROM 1.98 Also _ -LIGHTERS by Zippo, Fisher and Ronson 1. To 14.95 aumni MODELS We stock a Targe selection for the model enthusiast. Just arrived a big new shipment, including many 1568• cars.' Priced from 49c up • Visit our store this week -. See our unique- line of. GIFTS in CHINA, GLASSWARE, 'CERAMICS, BRASS - WEAR and CARVINGS. Bring the spirit of Christmas into your home with Records. A fine selection. Many or• iginal artists. CHOOSE FROM M.G.M. CAPITAL -- RCA VICTOR CHRISTMAS' TABLECLOTHS Plastic 54" x 72" Reg. 98c value 44- C SPECIAL Silop LATE EVERII NItE 0,i 0.1°00, GAMES & TOYS «GO Building Toy We are your exclusive TOY ROUSE Dealer BUILD IT NOW! Lego sets of durable, washable plastic make it easy for young architects, designers. etc. Snap -together parts let youngsters use their creative ability to design, build. Beginners' set -95 pieces ... 2.50 Beginners' set -1 26 pieces. 3.60 Banc set --202 pieces. DeI'd 6.96 Build •with •.wheels -196 pces. 5.95 Suver wheel tpy-304 pieces 10.915 8 8c TOYS.— New stock Just Arrived I. ! 7. MNTC H • • •BOX , d.1 FT SET'S' IN REGULAR • MAJOR • KING SIZE:, SERI'S BOX CHOCOLATES Rowntree Black Magic kh j , L x ,, an ,y nI [.,.. 4 714247•044.04 r.r1 .F1.)i41 104.E 4,44" Cadburys Neilsons Milk Tray Each Piece Different PLANTERS P••U:TS PARTY TIME — VAC PACK TINS PEANUTS • MIXED NUTS • CASHEWS PEANUTS — 13% Oz. Tins 89c FOR HOLIDAYING — ENTERTAINING AND, GIFTING TOO DECANTER SETS — ICE BUCKETS 7 GLASSWARE SETS MEASURING GLASSES.— BEER STEINS BE SURE TO ENTER THE "TOY HOUSE'DRAW - WINNER NAMED -- IFT S. t, m DEC, 3rd • cra inn