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HomeMy WebLinkAboutThe Goderich Signal-Star, 1972-12-07, Page 27lily Wilma Oke The United. Church has 'an enviable ree- ord in the realm of social action and social ell service, Rev. John F. McKay of Windsor, president of the London Coiiference,of the United Church of Canada, told*delegates at a meeting of the Huron -Perth Presbytery at Brucefield United Church last Thursday, "The Church, however, must continually be examining its theological basis if serv- ice is to continue," he said, "The Christian motivation to serve;eom'es from the fact 'that phrist has served us in our need and calls upon us to be -His living Prescence in the world today," he said. "Sometimes in theast we have been more preoccupied with action than reflection, more interested in power than piety, more _ concerned with effecting political coali- tions than with communicating Christian insight. It is -little wonder that this thrust was doomed because it lacked a theologi- 'cal feunation." • Mr. McKay mentioned that theologians in every generation must be finding ways and, means of making God more real to man. He said the "God is Dead" theologians did help Christians to recognize the false gods such as nationalism and institutionalism but the net result of their efforts left some- thing to be desired. "They had destroyed the past religious structure and theology' ' but failed to replace them," he said. Mr. McKay said that some critics of the United Church say it has no theology but he reminded her critics that the United Church does have a theology which is summed up in The Twenty Articles of Faith. "By way of meeting the present crisis in. atheologyp," he said, "I ,submit to, youwe must be sure that God is. centrad in our worhip and our serf'ice." Mr. McKay also advised, "If we art4 set on becoming good theologians we would•do welt tospend infi- nitely moretime studying the Book of books." - He said, "My ,first point then is that if the Church is to be restored to its original glo- ry we must have a Biblical Theology. • 4 ':Sccondiy, the United Church 1"believe is determined to be an evangelical church. I am quite excited about "Itey '73", •the North America program' which focuses on evan- ger'ism. The United Church along with 139. other denominations is committed to par- ticipate in this program," he said. He saw `the minister as the Chief Evangelist in the. local congregation, he said, - - P "0 yes) -I also visualize a happy church. Joy, I believe, is already,creeping through our church. It is my contention that evan- gekism_i&doomed unless 'we can show that Christ has come into our lives not to rob us -of our joy but to multiply it." Mr. McKay expressed his delight with the union of the Evangelical Brethern church with the United Church. Concluding he said: "I have much confid- ence in the Church because its future does - not ultimately depend on fallible persons but. on Christ who brought it into being. It has no rivalwhen it comes to gathering iso- lated persons into a life-giving fellowship. It has no rival when it comes to giving pur- pose and direction for a full and joyous life. In spite of its imperfections, the Church has an enviable record in terms of concern for those who are disadvantaged wherever they may livedin the world. Long before governments became involved in underdeveloped countries the Church was there with its personnel and money, trying to make life a bit more livable. At a time when the' secular mood is to get more for "self I believe that Christ through his Church will enable his people to share their bread with the have-nots, out of grati- tude, I believe that this is what the church isall about, and if.so, it has my vote.' " The day -long meeting was attended by 75 ministers and lay delegates representing - the 45 .charges in the 'Huron -Perth Presby- tery which is one of eight in the London Conference. Rev. Frederick Faist of St. John's United Church. Stratford, Chairman of the presbytery, presided over the morn= ing session and Rev. Douglas Warren of A word to the wise. Crediton, vice-chairman, for the afternoons session. , In the business session the delegates voted in favour of Mr. Faist relinquishing his position as chairman and having- Mr. Warren step up as chairman beginning in February, 1973. M4. Faist, as president elect of the London Conference, finds the_ two positions too time consuming and re- quested the change. The Presbytery (one of the 93 across Can- ada) voted in -favour of permitting' -Confer- ence meetings to be held every other year, with an executive set up to meet in the in- tervening years. This must be approved by a majority of over 50 per cent. Rev. Laurie Ray of Woodham preached the sermon for the worship service: Three lay ministers, Alfred Fry, Auburn; Karl 'DeKoeijer, Bluevale; and Murdock Morrison, Varna, were voted permission by the church court to administer the ,sacre- ment of baptism and the sacrament of communion. Division reports were p given by the fol- lowing conversers: Rev. Cecil Wittich of Blyth, Rev. Ross Crosby of St. Marys, Rev. Douglas Warren; Rev. Harold Dobson of Grand Bend, Rev. Donald Deas of Mitchell. Others giving reports were: Rev. Bert Day- nard. of Staffa, Rev. J. Rea Grant of Listow- el, Rev. Glen Wright of Exeter, Rev. Robert Raymont of Goderich, Rev. Clarence Mc- Clenaghan of Dungannon and Rev. Bruce Guy of Dashwood. Joseph Shider of Goderich giving the treasurer's report said the Presbytery allo- cation to the London Conference last year was $5,225 but this year it will be $7,565, an increase of 45 percent. He said the presby= tery allocations for each 'pastoral charge, based on resident membership, this year amounted to 75 cents per resident member, but in 1973, it is expected to be increased by 25 per cent. -, The next meeting•of presbytery on Febru-, ary't2 is expected to be held in Northside United Church in Seaforth, All about those farm by J.J. Haga"rty Ontario Ministty of Agriculture and Food, Stratford Many .fasters are con- sidering changes in ownership of farm assets. The new. tax laws 'apethe resulting discussion have engouraged people to ask questions about their own situation. One good 0 thing about the tax changes • is that it encourages us to think, plan and make some decisions. Hopefully these plans will benefit all members of the family. - Separation of Principal Residence and One Acre of Land: This has been recommended by some when buildings are in- cluded in a partnership and/or corporation. Some doubt has been cast on M the advisability of this technique- • (1) . the zoning by- laws may not allow it; (2) loaning agencies such as Farm fM .4 WELCOME SERVICE. Credit Corporation may not allow it; (3) depreciation of the house will not be taken as an expense; (4) local taxes might be higher due to separate assessments. However, there may be cases where houses should . be kept out of the corporation to take advantage of capital gains exemptions on principal _ residences. e.g. ,Where three brothers live in separate homes that would otherwise 15e owned by the corporation. The brothers Will then not have to pay rent for the hotklses (which is income to the corporation ,and a non-deductible expense personally). TRANSFER OF DEPRECIABLE ASSETS: The new tax regulations dic- tate that all 'depreciable assets purchased after December 31st, 1971 be depreciated using the diminishing balance procedure .(Part XI). With ' the new In- come Tax Act, straight-line depreciation (Part XVII) is being phased out. All depreciable assets which were purchased prior to 1972 and are now being depreciated un- der Part XVII (the straight- line method),however, . may be left •under the straight-line system. Machinery Arid buildings sold or rented to an individual, partnership or corporation will ave to be depreciated on -the declining* balance basis- (Part XI). Most of these-" aitieti,i are on straight-line depreciation ( Part „ : ,tdlika boa oalln =yourFaylrlth `X.� . "housewarming gifts" and In- Farmers with assets pur- formation about your new chased prior to 1972.are location. The Hostess will be strongly advised to continue glad to arrange your subscrip- with the straight -Line tion to thio Signal -Star depreciation method for all Call her at' 524-9525 assets presently being depreciated by that method. The _basic_ reason .. for recom= am grateful for having had the opportunity of giving four years of service to our town. My best wishes are extended 10 the Mayor and his new Council. mending this course -of action is the following: When the diminishing balance. method (Part XI) is being used, all depreciable items are lumped together in various classes ac- cording to the maximum rates of depreciation allowed by the tax laws. If all machines of a certain class are sold, and if the returns from these' machines are greater than the un- depreciated balance of that class, theexcess is considered a capital recovery which is taxable income for the year in which it, is ' received.''_`A"lter- natively, when an asset that has ' been depreciated under. Part XVII (the straight-line method) is sold, the returns from the sale of this asset are tax free. Non -Arms Length Transfer of Machinery: If machinery is transferred from father to son, it is tran- sferred at fair market value. The son would of course be 'using Part XI method regar- dless of .the method used previously by father. If the machinery is tran- sferred from a father to a part- nership or corporation, it is *Advertisement Afraid you're — going deaf? Chicago, Ill. -- A free offer of special interest to those' who bear but do not understand. Height yN words has been announcey Weight Beltone. A non-operating model of the smallest Beltone aid ever coat • ' made • will be given -absolutely free to anyone answering this advertisement. Try it to see how it is worn in the privacy of your own home without cost or obligation of any kind. It's yours to keep, free. It weighs less than a third of an ounce, and it's all at ear level, in one unit. No wires lead from body to head. These models are free, so we suggest you write for yours now. Agkin, we repeat, there is no cost, and certainly no obli- gation. Write to Dept. 91;44 Beltone Electronics Cop., 4201 W. Victoria, Chicago, 111.60646. assets transferred at the fairrFmarket value. On many smaller farms this is greater than.book value. If the father ha‘-; been using Part XVII there will be no recapture. If he has been using Part XI, the difference between hook ' value and fair market value will be ecapture of depreciation. On some large farms where machinery is used to cover many acres, the book value may be higher than the fair market value. If father has been using Part XI there would be -a "terminal loss" to balance against income. Should father continue owning machinery that is now on straight-line. depreciation? Maybe. When the time comes to trade in the old machine, father and, son could both go to the dealer, Father wotil!d receive ' an allowance for his old machine. Son would buy the machine for the new price. This will allow him to take capital cost allowance on the full price. Father could make a gift to son. It will not be subject to gift . tax unless it goes' over the $2,000. maximum gift exemp- tion between i`iii'cli'viduals in any one year. 90 ! Leave this Handy List Where Santa can find it Blouse Sweater Slacks ... Shoes Slip Cloves Hose .. • Shirt Dress Bra Robe Panties "-tit a rutty... II WmAt Use Our. 'RE Layaway Plan SCHAEFER'S LADIES WEAR LIMITED ' THE SQUARE tors aboor sao. are T ti - What a wonderful Christmas Gift for your husband, brother, father, or,,,.f9r yourself. Everything you need for in -car entertainment --- car stereo, speakers and grilles, tape carrying case, and your choice of three -track tapes. Installation is tevlen included: there's nothing else to buy. 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