HomeMy WebLinkAboutThe Goderich Signal-Star, 1986-03-26, Page 289
PAGE 8A —GODERICH SIGNAL -STAR, WEDNESDAY, MARCH -26, 1986
Business
VG National Trust extenils
banking hours from 8 am t : pm
VG National Trust today announced that
hours have been extended at most branches
across the country. 'Customers can now en-
joy Full Service, 8 am to 8pm, five days a
weekas well as convenient hours on
Saturday.
"We've extended hours so that doing
business with VG National Trust is more
convenient but the real benefit for
customers is the full service available dur-
ing those hours," says B.V. Mehlenbacher,
Executive Vice -President and Chief
Operating Officer. "Full service means
that customers can benefit from all our ser-
vices, including opening an account, taking
out a loan, purchasing a GIC or RRSP
anytime between 8 am and 8 pm."
In addition, VG National Trust offers add-
ed convenience with the TOTAL Money
Machine, -The TOTAL Machine allows you
to make cash withdrawals, deposits and
other transaction § even after branch
hours." added Mehlenbacner„
VG National Trust is one of Canada's
leading financial institutions offering a
variety of corporate and personal financial
services at 140 branches including
Goderich.,
YOUR FAST AND HANDY
REFE ENCE F R :USINESS AND
PROFESSIONAL SERVICES"
SHOP tHE
Farmers are given some aid
in Ottawa's latest budget
BY HAROLD SMITH, CA
Michael Wilson's budget didn't overlook
farmers, but how much help it will be to the
average farmer is still open to question.
In - the budget, released February 26,
Wilson provided for the Farm Credit Cor-
poration to establish a $700 -million loan pro-
gram with interest rates pegged at 6 per
cent.
While the rate is less than half the current
prime rate, the size of the farmer's loan and
his annual payment would rise and fall witli
the price of the commodity heproduces and
sells.
The program will effectively tie cash
outflows to cash inflows and give those
Tarmers who qualify a break should the
prices they get'for their commodities fall in
any given month, year or portion of a year.
If the price you receive for your wheat
drops during the first three months of the
year, so will the amount you'll have to pay
on your loan.
It's not a bail out for marginal or failing
FINANCIAL MARKET TRENDS
as of March 21, 1986
BANK RATE 10.11%
PRIME 12.00%
T BILLS 9 45%
CDN DOLLAR .7145
US DOLLAR $1.3995
GOLD (CDN) $493.25
SHORTTERM .. . :10.375%
farmers. The Farm Credit Corporation will
establish a review board to determine wpo
qualifies and its criteria will be farmers
with a good probability of success over the
long term,
The program is designed -in effect -to help
mem over the trouble spots in anticipation
that they'll survive and prosper to make
payments another day.
The 6 per cent loans are to be available to
current Farm Credit Corporation borrowers
with 40 per cent equity or less in their farms.
Those with more than 40 per cent and up to
55 per cent equity intheir • rm,s could get an
interest rate -be per cent and the then
current farm Credit Corporation rate for a
10 -year; fixed -term mortgage.
Examples cited by the government show
that a farmer's payments on a $100,000 loan
could vary from a low of $6,639 in a year
when commodity pries were low to a high
of $12,850 in a year when the market is at its
peak. In comparison a conventional $100,000
mortage at 12 percent would carry with it
payments of $13,691 every year.
Government officials hope the net effect
of the program will be to s tie th out the
peaks and valleys in farm in i e and cash
flow over time.
Another feature of the budget which
benefits farmers was a one year extension
o f
ment wilt draw up guidelines to determine
how much of the fuel a farmer uses goes to
power off-road vehicles and how much goes
into conventional .on -road 'vehicles and
should therefore not enjoy the tax rebate.
GARDINER'S MOVERS
Locally Owned And Operated
LEAN MODERN EQUIPMENT
PROMPT & COURTEOUS
SERVICE
FREE ESTIMATES
EXPERT ADVICE
For Moving Anything LARGE OR SMALL 524-2421
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PACKING CARTONS
CAREFUL HANDLING
, REASONABLE RATES
Mac Campbell
PHOTOGRAPHY
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ShaNee CAN HELP YOU FEEL BETTER
Choose from our wide range
of Nutritional Products
'designed to suit your needs.
• For further information contact
David or Eileen Fred or Ca17—"k
sieighthorn Smith
524.9400 ( 524.9350 17
Ronald L.
McDonald
CHARTERED ACCOUNTANT
47 CHURCH ST., 524-6253
Goderich, Ontario
1 Yr. 3 Yr. 5 Yr.
GIC's 10 1/4 10 1/2 10 1/2
RRSP's 10 1/4 10 1/4 10 /41./
MORTGAGES 11 11 1/4 11 1/2
MUTUALS 26.60 25.40 22,8O
MORRIS
DRAPERIES
Your One Stop
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Decorating Service
Centre
Custom Drapery
Kirsch Track and
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D aco Window Shades
W Ilpaper & C.I.L. Paints
Harding Carpets
WHEN HOT
NEWS BREAKS
Phone The Signal -Star
and Let Everyone Know
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A Canadian name with international credentials
P.O. Bow 187, 40 Tho Square, OoderIch, Ontario NIA 32
(519) 524-2677
. PHONE 524-26f 4 ASK
FOR THE NEWS ROOM!
R.W. BELL
OPTOMETRIST
The Square 524-7661
D.B. Palmer
Doctor of Chiropractic
73 Montreal St. Goderich
524-4555
QueerSt. Blyth °
521-9321
Life,
RRSP
Anunitios
Investment
Funds
Group
Benefits
36 West St. Goderich •
524-2551
•
FINANCIAL TIP
Salaries paid to Members of your
family are deductible from your
business income, however these
payments must be within reasonable
. limits.
Meet your changing financial obli-
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Planning Program from The
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complete information,
GARY W. SHOLDICE
•Mutual Life k
of Canada
178 Widder St.,
Goderich, Ontario
N7A 3V4
L. : 524-2277
. • . " • .::' • "
[CARLYLE BANNISTER
C
• PHONES
Bus. 524-7379
Res. 524-6210
Direct Parts 524-7389
BLUEWATER TRUCK CENTRE LTD.
GOD)ERICH, ONTARIO •
WE SPECIALIZE IN TRUCKS
AIRPORT ROAD
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P.O. BOX 1136
CLINTON, ONT.,
NOM 1L0
482-7374
THREE PHASE ELECTRIC
• 1-800-265-9255
ASK FOR Pager 3078 -
BARRY BUCHANAN
. MOBILE WASH
• UNITS 1*;
for yout-httedlo-ortit.-
. CLEANING
REQUIREMENTS
GARDINER'S
MOBILE WASH -IT
Goderich 524.6031 it
FRED LAWRENCE
Electric Ltd.
Contractor
-HOME, FARM AND
COMMERCIAL
WIRING
Phone Don, Auburn
526-7505
Phone Paul, Wingham
357-1537
Compiled by.;.„ABC INVESTMENTS
53 West St., Goderich
COMFORT ZONE INSULATION LTD.
CLINTON BOX 10-6-7
•P
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FLOWERS FOR TODAY
GIFTS FOREVER
166 THE SQUARE, GODERICH PHONE
524-8761
Evenings and Sundays phone 529-7253
ei) the
wffaco-opetatorg
Insurance Services
GODERICH:
31 West Street, 524-2138
• We use
SPRAYED POLYURETHANE
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482-3812
the best Insulation money can buyl Of all
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402-9212 .
CALL NOW FOR FREE ESTIMATES
41
.. • . • • •
. :
NEWS
ADVERTISING
CLASSIFIEDS
WHEN
HOT NEWS
BREAKS
DON'T KEEP IT
A SECRET!
524-2614
PHONE THE
GODERICH SIGNAL -STAR
AND LET EVERYONE •
KNOW
PHONE 524.2614 AND ASK FOR THE NEWSROOM.
W. -L. BUTLER
CHARTERED ACCOUNTANT
Trustee in Bankruptcy
Farm Financial Statements
Alcan
Building Products
Division of Alcan Canada Products Limited
Ii
At11111111111,
ALCAN
OFFICES,
GODERICH ENERGY SEAL
AND INSULATION
Complete insulation of attics, basements, walls
replacement windows
'ventilation of attic
i !humidity problems solved
1 Sealing & removal of UFF,I
lEner-seal draft -proofing
of home
60 East St., Goderich 524-8658
35 Lambton Crt., Kincardine
5 Ontario St., Clinton
(at H&R Block)
•
37 KINGSTON ST., GODERICH
524-2311 out-of-town call collecCt
Spring Is Here!
YOUR HOME IS LIKELY THE BIGGEST INVESTMENT OF YOUR
LIFETIME. WHY NOT PROTECT AND BEAUTIFY IT WITH
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LUCKNOW • 528,0372
McKILLOP
MUTUAL
INSURANCE
COMPANY
91 Main St. South, Seaforth
FARM, HOME,
COMMERCIAL,
AUTO COVERAGES
PHIL MAIN
HARDWARE AND
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OSmall Appliance Repairs
DQuality 431, Paint
El Electrical Supplies
ElBulk Nails, Screws & Bolts
El Screening & Glass
El Swimming Pool Chemicals
[1 And Everything You Need To
AGENTS
E.F. Durst
Bob McNaughton
Graeme Craig
enter & MseEwan
Insurance Brokers Ltd.
527-1455
527-1571
887-9381
524-8376
431, PAINT SALE
INTERIOR PAINTS
STARTING AT
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Sale Ends
June 20
DO IT YOURSELF
SUPER SERVICE FRIENDLY KNOWLEDGEABLE STAFF
84 Kingston St., Goderich, Ont.
524-9671
•