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Zurich Citizens News, 1959-09-09, Page 7WEDNESDAY, SEPTEMBER 9, 1959 Credit Unions Will Serve Farmers One Way to Have Credit Handy (By Jr. Carl Last week I was happy to at- tend a meeting of the Huron Cou- nty Chapter of the Credit Union. The group toured CKNX radio and TV station earlier in the evening and came out to the home of George Michie, president, for the business and social part of the program.. Credit Unions are not nearly so widespread in rural areas as they are in the cities but in Hur- on they are progressing nicely in Goderioh, Clinton, Exeter and Belgrave. This is perhaps another line that farmers should be taking a look at. We have gone a long way in supplying our needs through Co-ops and marketing Organiza- tions 'butso far have overlooked what we need most—money. In many cases we have run to the Gwernment for assistance just as we are now seeking in- creased credit only to find that the "pot of gold" at the end of the rainbow disappeared as we approached. The money from the sale of hogs is providing the Organiza- tion with considerable assistance in financing just while it is sit- ting in the bank waiting for the farmers to cash their cheques. The Fame thing is happening in a much smaller scale with in- dividual businesses. When a farm- er sells cattle or pigs he usually cashes his cheque promptly. He takes some cash for immediate purchases and leaves the rest in his ac^c.mt to cover a cheque which be will probably write sh- ortly to cover some larger pur- chase. This is the money some other farmer borrows. The average farmer will have an average of $100 in the bank each week of the year. True one farmer might sell some cattle for r en's Plumbing Heating and Tinsrithing Phone 156 — Zurich Hemingway) $5,200 and only have it in the bank a week till he buys some more but it is still an average of $100 per week. Spread this over a large num- ber (say a thousand) farmers and there is a total of one half a million available credit in the community at all times, If you do this through your Credit Union the earnings of this money will return to the members. Then too since your Credit Un- ion is controlled by a local board of directors you needn't worry about word suddenly arriving from a head office miles away stating that there is no money available for loans today. This apparently happened re- cently with at least one of our banks. Yes. Perhaps we should con- sider our own financing instead of depending on our Government for support only to find the sup- port isn't there when you need it. 0 London. Eating Place Welcomes Zurich People A former Zurich. business man, Morris Andersen, in this week's edition of the Citizens News is extending an invitation to all resi- dents of this district to visit his modern restaurant in London dur- ing Western Fair week. Located on the corner of Ox- ford and Sterling Streets, the newly -renovated eating establish- ment has a seating capacity for about 80 people. Lunches and full course dinners are the specialty of this food centre. The restaurant is only about a ten-minute walk from the West- ern Fair grounds. There is also ample parking space available at the rear of the building. The premises are air-conditioned. While he was in Zurich, Mr. Andersen operated the Zurich Creamery, and was well-known to all people in this community. Counter Cheek Books on Sale at Citizens News Proven CONCENTRATES for POULTRY, H I GS : id CATTLE TRUCK LOAD LOTS OF GRAIN AT LOW, LOW PRICES COMPLETE FEED SERVICE $►IMI and SON Phone 154 — Zurich WHEN AT THE WESTER FAIR BE SURE TO VISIT A'4 DERSEN'S RESTAURANT (Corner of Oxford and Sterling) ONLY 10 MINUTES WALK FROM WESTERN FAIR, DDIRECTLY NORTH OF QUEEN'S SFAIR, PARK. FREE PARKING AVAILABLE. Specializing Ire) . . . FULL COURSE. HOME -COOKED MEALS FISH and CHIPS a SPECIALTY! Eads Week Special: ROAST TURKEY WITH ALL THE TRIMMINGS (Including Beverage) $1.50 ANDERSEN'S RESTAURANT MORRIS ANDERSEN Oxford & Sterlin *, St. ZURICH CITIZENS NEWS GOSHEN LINE (By Mrs, 0. McBride) Mr. and Mrs. William Wenhen, Macgregor, Manitoba, were re- cent visitors with their cousins, Mr. and Mrs. Richard Robinson. Miss Donna Hayter spent a week in Windsor with friends. Anniversary services in Goshen United Church will be held next Sunday, September 13, at 10 a.m. and 7.30 p.m. J London 36-7-b OFU Condemns Other Farr,. Groups, Not Happy Over Deficiency Payments The executive of the Ontario Farmers' Union on September 4 passed a resolution condemning the Canadian Federation of Ag- riculture, The Ontario Federation of Agriculture, the Ontario Hog Producers Marketing Board and the Ontario Poultry Producers Association for their recent at- tempt to scuttle the Government's new Deficiency program. 1 CAVALCADE OF STARS Evening Grandstand Show featuring R.C,M,P. Ride, 7 headline acts, 20 precision dancers, 30 piece band with 3 production numbers. LADIES' DAY Tribute to the ladies featuring fashion and variety show with Juliette (courtesy of Players Cigarettes) and Fred Davis. Fashion show produced by Valy Smith. Admission free until 3:00 p.m. for all ladies. FOLK DANCING EVERY EVENING This year's newest feature — tradi- tional music and dances by ethnic groups plus Canadian square dance demonstrations. DISPLAY OF FARM MACHINERY AND EQUIPMENT Previews of the machinery and equipment that will be familiar to life on the farm in the 19601s, HARNESS RACING To a large number of sports -minded folk this event is Western Fair. Bet- ting privileges mean added excite- ment. Racing and the Mounties Tues., Wed. and Thurs. afternoons, watt Main at Ontario Farmers' Union pres- ident Gordon L. Hill, Varna, said their action clearly indicates these organizations are no longer in- terested in the family type farm, but appear to be working for commercial interests. Offer to purchase type price supports have failed miserably to maintain realistic prices to pro- ducers, Mr. Hill said, but have resulted in the government acquiring burdensome storage stocks, that threaten the whole price support program. He con- tinued, to date this year the gov- ernment has purchased 20 percent of the eggs handled by registered grading stations, in addition the government now owns 108,000,000 pounds of pork. Very limited mar- kets are available for these com- modities, and with storage facil- ities taxed to capacity the Stab- ilization Board is in an impossible position. Any suggestion that the board continue to purchase is completely unrealistic, Mr. Hill stated, because vertical integra- tion will completely bury us in product. The Ontario Farmers' Union through the Interprovincial Farm Union Council have advocated deficiency payment for several years and although not complet- ely satisfied with mechanics of the program we appreciate that Mr. Harkness is attempting to overcome some of the inadequa- cies of the previous plan, said Mr. Hill. Under the new plan producers will be required to register with the Stabilization Board and will receive payment according to the amount of produce marketed. A limit to the amount of payment anyone producer may receive will PAGE SEVEN be imposed to eliminate discrim' ination against family type farms, Mr. Hill said. The Ontario Farmers' Union favours a deficiency payment pro- gram covering all major farm products, and on a specified a- mount of total production to en- able farmers to specialize in cer- tain products if they wish. There is a possibility that the commod- ity basis may encourage diversi- fication. However, Mr, Hill said, the Ontario Farmers' Union ex- pects that as additional commod- ities are added to the plan a method will be found enabling producers to collect their entire deficiency payment on one com- modity if they so desire. 0 Apart from the import of for- eign goods, Canadians spend about $150 million a year more in visit- ing foreign countries than foreign visitors spend in Canada. 0 The towns of Rock Island, Que- bec, and Derby Line, Vermont, share a public library that strad- dles the international boundary. TOP PRICES PAID FOR . . . CREAM EGGS POULTRY Give Us A Call! 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