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HomeMy WebLinkAboutThe Huron Expositor, 1954-02-19, Page 74 i• 4. A 4, 441 hxfd54.1 f w•tir..�l • flow Does a Credit Union Operate The open AtiOn of a Credit Union fifers son.ewftat,.:.accdrding to the type of the groups However, in all ceases the method of operation ie decided by the board ot directors. In an industrial group, where it e possible that the factory is sep- arated into different departments and divisions, it is necessary for the board to set up collectors in ,each department where there are members. ft is customary for the board' to also set some collection hours, that do not conflict with the iftours of the work set out by the company. -Each of these collectors make heir collections at the speci- hed time, ind then turn over to shim the n oney taken in for the day. . He, in turn compiles the dif- ferent amounts into one group, and deposits' the money in the bank as noon as is possible. Applications for loans are usual- ly made to the treasurer, or near est collector, who is in possessipn of the necessary forms. It is then passed on to the chairman of the credit committee for their approv- al. When and if approved, it is then given •back to the treasurer to be completed. He will see that the loan is,properly approved, and signed by all parties that are nec- essary, and will then make out a cheque payable to the boreewer, and see that he receives it as soon as possible, by whatever method he deems ;expedient. In a church or community group, the operation is different, because the members are engaged in all different professions, work at dif- ferent places, and at different times. In this instance, it is like- ly that a "bank,• night,' or (bank time is set; at a specific place, where there will be a collector or the treasurer. It is also custom- ary that the credit committee • PAINTING • PAPERHANGING • STEAMSTRIPPING Have your Interior Work Done during Winter Months. See the 1954 Paper Book! GEORGE COYNE Phone 57 R.R. 3, Dublin The Cock and the Jewel either meet at the some time to approve any loans• that may be re- quested, or that they meet prior to 4bank night so that these appli- cations may be approved in ad- vance. dvance. When loans are granted, they are' granted on a basis of the repay- mentsbeing made at regular in- tervals, either by the week, half month, or month. Interest is ,pay- able at a rate not greater that} one per cent on the unpaid balance, et. on the balance for the exact num- ber of days Alice the last payment. When a payment• is made on a• loan the treasurer should try to entice the member to place a small amount in his or her share account, so as to build up his or her own personal capital, as well as the capital of the credit union gener- ally. This is' Most important, as the loan demand is always far ahead of the capital of the credit union, and only in this'manner can stable capital. be Osuilt Up, the credit Couifliittee all 111,tbb 00 Of appproxing an appfleatlple or tip lean, op•.a of the tht 9' that. OW first look for' is the amount that is ou deposit in shares of the mem- ber, to see if he or she hasp made some effort to be thrifty in the past. In approving all applicatlone for ?loans, the credit committee must be unanimous. One thought behind this theory is that, if thg credit union ifs will- ing to put la faith in the member and . make a, loan for a certain amount of money, surely the mem- ber ember should, have enough faith in bis credit union to place a email amount of money in his orher share.,pccount regularly. More can hep put in if desired, as it is a foregone conclusion .that the Cred- it Union will need all the capital that it can get to meet bhe demand of its members. Most loans are granted on a character basis; however, in the case of sums of money terger than two hundred dollars, it is neces- sary to require some form of se- curity, such as a co-signer, which is usually a member of the Credit Union, or an assignment of wages. The 'assignment of as insurance policy or a chattel mortgage on a car can be ideal security for a larger loan. Payments on loan's should be as low as possible, so as not to make it too hard for the member to re- pay. On personal loans it is con- sidered good business to limit the time of a loan to two years, but thts�can be changed if. the reason for tljie loan • is such as to cause severe hardship on the member, A COCK, scratching the ground for something to eat, turned up a Jewel that had by chance been dropped there. "Ho!" said he, "a fine thing you are, no doubt, and, had your owner found you, great would his joy have been. But for me! give me a single grain of corn before all the' jewels in the world." MORAL: It's far more important to have the things -you really need, than to have luxuries. That's why you should do as so many other far- sighted Canadians do --build up a• savings account at The Canadian Bank of Commerce. Then you will be sure you need never go'withbut the necessities of life. Visit our nearest branch today. illustration 6y Arthur Rackham, from the Heinemann Edition of Aesop's Fables. The Canadian Bank of Commerce Yoh can DEPEND on a for DEPENDABLE fine car FEATURES seeneeeeeeeeeeee- 'Agge aserieeereasse You'll find more of them than ever P in the 1954 Here are still more DODGE fine car features Add Hy-D'rire' Nt gSMftp Driving Dodge offers the lowest -priced end simplest no -shift driving -you lust shift Into high and go. Hy -Drive will keep your car "young" for many years - make It worth mon at any time. AM Full Power Steering You have effortlesb parking and steer- ing. All driving becomes easier end tta�far, with Dodge Full Power Steering, new avaliabie en all Dodge models at moderate cost. e D When Dodge offers you new features, they stand up with Dodge dependability. Let's look at some -and try them . , . Feel the Dodge ride -more level, smoother, softer -a real fine -car luxury ride. Your Dodge hugs the road, takes curves In its stride. Then note the full, clear vision all round - the better cldse-in view over the low hood. Look at the quality of Dodge upholstery -fine fabrics and soft leather -grained vinyl -beautiful two -tine shades to harmonize with new body colours. And feel the comfort of Dodge chair -high seats - there's full support under your knees and behind your hips and shoulders. You'll feel safer In a Dodge, too. There's a lower centre of gravity for stability -clear, safe vision with constant -speed electric windshield wipers -Safety Rim Wheels -independent parking brake -dual -cylinder front -wheel brakes for safe stops. For thrilling performance, there's a new, more powerful Dodge engine -with higher Compression to get the most from modern gasolines-with fine -car precision engineering for long life and economy. Road-test the 1954 Dodge -discover how much more Dodge give* you In fine -car features. 6, ° eaki t,t DODGE ittc4 MANUFACTURES IN CANADA aY CHRYSLER CORPORATION OP CANADA, LIMITED, orae n1 ` ,r''es� Discontinue r].0 Fox 8 e onxt. and most especially if the reason for the loan is of a -nature that, could be controlled by the meant ber. All Credit Unions are required by law to have a board of directors and two committees, namely the Credit Committee and the Audit Committee. These bodies' are elected. by the ;members at the an- nual meeting, and serve • in office for a term of three years. The board• of directprs must eppoint'a treasurer and secretary, either from among themselves or from the membership. If necessary, a man- ager can be appointed, who need not be a member. • In the next article there will be more about how these committees are constituted, and how they gov- ern, along with the control that the members have •over them. County Notes • Celebrate 25th Anniversary On Friday evening members of the Third Line Farm Forum paid a surprise visit to the home of Mr. and Mrs. Frank Sellers to celebrate their twenty-fifth 'wedding annivers- ary which was on February 7. An address was read by Mrs. Clark Thyme. A lamp table and lamp were presented by Hill Harmon and Wilfrid Warwick. Mr. and Mrs. Sellers, who were generously show- ered with confetti, thanked the forum for their kindness. Progres- sive euchre was enjoyed and lunch served. The friends departed for their homes after wishing Mr. and Mrs. Sellers many happy returns of the occasion. -Brussels Post. Breaks Leg in Fell From Horse Mr. William Knox suffered a un- fortunate accident on Sunday when about 12 o'clock noon, in company with Mr. George • Hamm, Sr., he went horseback ' riding around town. 'At a point in front of Bill Riehl's residence on the boundary- road, oundaryroad, Mr. Knox'a trorse slipped' on the ice and in the fall the weight of the animal carne down on Mr. Knox's left leg when he was unable to extricate himself in time. A quick trip to .thk Clinton hospital revealed a lbad fracture, and fol- lowing the necessary setting Mr. Knox remained in the hospital un- til Tuesday afternoon. The acci- dent will render trim incapable of tending to his daily duties for some weeks. -Blyth Standard. A DOCTOR NEEDS'700,POCKETS (From ,the Canadian Doctor) Some tailor with a "hook and eye" for business should 'figure out some sort of a wearable suit for the physician's wardrobe that would comfortably carry all the junk that clutters, up a doctor's pockets; an editorial in the Detroit Medical News opines. The suit should be made out of some sort of worsted cast iron'gab- ardiine and have 700 pockets rein- forced to. accommodate all the bulg- ing accoutrements that are snuffed, into them. Take a commonplace, piece of professional equipment like ,the stethoscope for instance -this is the most unwieldy portable piece of equipment that was ever created or manufactured. As you walk through the cor- riders of a hospital and observe where the various doctors are car- rying their stethoscopes - some carry them' jn the casual manner complacently draped around the neck with the ear attachments plugged into the back of their col- lars for secerity reasons: Others are observed walking along with one ear plug in place a•ndl'one on the bias with the rest dangling down the front giving the popular semi -draped look. Some carrys the stetheevide in the coat pockets which causes con- siderable} mobile snake -like burg -J ing. Some carry the stethoscope in the side pants pockets and seine walk along the halls holding on to the metal part of the stethoscope and dangling the remaining ,part of languid rubber tubing like the manoeuvering of a well-trained yo-yo• Some. carry the stethoscope in the back pants • pocket with the dangling business end occasional- ly protruding from under the pos- terior aspect of the coat -looking For all the world like the wiggling tail of a friendly Collie. Usborne council met in regular monthly session on Monday atter- noon with Reeve Verne Finconube• presiding and • Councillors IInrgld'; Jeffery, Earl Mitchell, Harold Kern and Clayton Smith in attendance. Minutes of the• inaugural meets ing held on January 11; were„adopt ed as printed on motion of Mitchell and Smith. Minutes of the special meeting held on February 1, as agreed upon at which time tenders for warble fly spraying were open- ed and the „contract awarded to F. Harburn, of Dublin, at-9t/a'"cents per head per spray, the township to supply%a helper. Tenders for the construction 'Of the Tuckey -May drain were opened and the con- tract awarded to William Camp- bell, of Seaforth, for a lump sum of $400. T. A. Wiseman, township auditor, presented his report, show- ing the books of the township to be In first-class order and a current surplus of $33,072.41. Road Appro- priation By -Law for 1954 was' pass- ed for a total sum of $45,000, sub- ject to approval by the Department of Highway's. These minutes were adopted on motion of Smith and Jeffery. By -Law No. 1, 1954, appointment and rates of pay ,by-law, was amended to provide for a charge of $8 per hour for crawler tractor with snow plow to ratepayers and $10 per hour for outside work, minimum charge to be $2 and $2.50 in each case. .By-law No. 1 was then given third reading and fin- ally passed on motion of Mitchell and Jeffery. Discontinue Fox Bounty In view of the notice from the County that no bounty on foxes would be paid after February 1, it was moved by Hern and Jeffery that the payment of bounties on foxes be discontinued in the town- ship as of February 1. Council considered tenders for gravelling with E. Yundt repres- enting the district • engineer for municipal roads in attendance. It was'' moved by Jeffery and second- ed by Smith, that th.e...1954 gravel- ling contract be awarded to. Lavis Contracting Co., of Clinton, at' their bid price of 64 cents per cubic yard for crushing and delivering, and 34 cents per yard for crushing and stock piling. Other tenders were Sandy Contracting Co., 69c' and 56c, A. Otto' 67•?c and 30; C. Smith 67c and 29c. Council considered tenders for the construction of culverts at Lot 35, Concession 2 and 3, and Lots 23 and 24, N.E.B., on Concession 6 and 7, and repairs to• culvert at Lot 26, Concession 6 and 7. It was moved by Mitchell and Hera that the contract for the '.coustruction of two culverts and repairs to .one be awarded to Louis. J. Looby at his bid price of $5,011.16' for construc- tion and $230 for repairs. Other tenders were C. A. McDowell ei Co., $5,213.12 and $340: McLean Construction, 15,221:00 and $475; C. Looby Construction C., 15.105.08 and $200. Truck Tender Awarded . Council considered tenders for supply of new half -ton truck. Nine offers from local firms were con- sidered. It was moved by Hern, and Seconded by Jeffery, that the offer of Larry Snider Motors be ac- cepted for supply of a half -ton Ford truck, equipped as. specified at the tender price of 11,965.67. With al- lowance of $865.67 far old truck. Supply of warble fly powder and applications for Inspector, the clerk was instructed to 'advertise for the supply of warble fly powder and for applications to be in for the regular March meeting. The road superintendent's report was adolted on motion oe'Jeffery- and Smith including ,pdTmerit of road accounts to a total voucher of $3,064.81, including $1.100 purchase price of the new truck. • Collision insurance on new truck was directed for purchase at $100 deducta•ble rate on motion of Smith and Mitchell. The tax collector reported re- ceipt of $792.80 in 1953 .taxes since the first of the year. The treasur- er reported receipt of $94.45 to roads and bridges account and $2,- 813.31 to general account. and, a balance of cash of $5,683.31. Collection of warble fiy-accounts in 1954 will be made by adding to tax accounts- on the tax collector's roll on motion of Jeffery and Mit- chell. Current accounts in the amount of $444.40 were passed for -."4, Town of Seaforth PARKING BY ORDER OF POLICE To facilitate snow removal, NO PARKING on the Streets of this Municipality will be allowed between the hours of 2 a.m. and 8 a.m. This order will be strictly enforced in accordance with the Highway Traffic Act, Section 43, Subsection 9. NOTICE IS HEREBY GIVEN that the Municipality will not bed responsible for any damages caused to parked vehicles as the result of snow removal operations. 4aFl for, 31, ,: >> g g 4411 WI/PAU-94- • a ovimal •Id tR., age t cin' Motion geWlk ',51t31tII, :. (Ln„ view lif the apPlicaricrafroAB Ifibbert township ter rebate of toll share of provincial grant, wailer/1 directed that the natter of .a defteix; in the Gardiner drain account '14e referred. to J. A. Howes, O•le,.S:. foe further assessment, of motion- of Smith and Jeffery. E. Herdman claim • for pipe -ling. damage to Department of Trans port, Couzmeil directed that the claim be supported on motion of Hern and Smith. . Correspondence dealt with in- cluded: Rent Control Act, no ac- tion; financial report for 1933 and' budget for 1954 from South Huron District High School Board,' filed; Upper Thames River Conservation Authority, re township member- ship, Council directed that enquir- ies be made regarding aseessr meats, etc.; township solicitor, re Fraser, Exeter, . HEAD"OFFIQE EXETERt, Fresgideat, VtriUlaam .A: Ea OreMartY4 VIce`Presidelit, Feeney`; R.R. 2, Dublin. . DIRECTORS -Has ry Costas, tralia; E. Clayton, gifh }UAr lt., t 1, Science Hill; Milton lMeclintr R.R. 1, •Mitehell; Aiear_J `Rb4►der, +: R.R. 2, Mltohell, AGENTS -Thee. o. $allan:tt.1t4oi, R.R: 1, Woodham; Olayto t Barrjelr R.R. 1, Mitchell; E...�RosS ItoufA4P ton, Cromarty. SOLICITOR -w. G. Cochrane, Exeter. SECEETARY - TREASUI R -- Arthur McKinleys Baby Chicks 1 CANADIAN APPROVED • PURE-BRED NEW HAMPSHIRE • PURE-BRED LIGHT SUSSEX • PURE-BRED WHITE ROCK • N. H. X L. S. CROSSBREDS • N. H. X B. R. CROSSBREDS and our Popular • THREE WAY CROSS -W. R. X H. S. SEAFORTH MONUMENT WORKS. OPEN DAILY PHONE 363-J T. PRYDE & SON - ALL TYPES OF CEMETERY MEMORIALS Enquiries are invited. Exeter Phone 41-J Clinton Phone 103 Your Business Directory MEDICAL DR. M. W. STAPLETON Physician and Surgeon Phone 90 Seaforth JOHN C. GODDARD, M.D. Physician and 'Surgeon Phone 110 Hensall JOHN A. GORWILL, B.A., M.D. Physician and Surgeon Phbnee: Office 5-W; Res. 54 Seaforth SEAFORTH CLINIC Telephone 26 E. A. McMASTER, B.A., M.D. Internest Telephone 27 P. L BRADY, M.D. Surgeon Telephone 55 C. ELLIOTT, M.D. Telephone 26 EVENINGS: Tuesday„ Thursday and Saturday only, Appointments may be made. .VETERINARY - D. J. McKELVIE, D.V.M. Veterinary Surgeon HENSALL, ONT. - PHONE 99 TURNBULL & BRYANS VETERINARY CLINIC J. O. Turnbull, D.V.M: W. R. Bryans; D.V.M. ,, Phone 105 Seaforth ACCOUNTING RONALD G. McCANN • Public Accountant CLINTON ONTARIO Office: Phdnes: ' Royal Bank Office 561, Res. 465 A. M. HARPER Chartered Accountant 65 South St. Telephone Goderioh 343 Licensed Municipal Auditor. AUCTIONEERS JOSEPH L. RYAN SSpeclalist in farm stock and im- plements Sand household effects. Satisfaction guaranteed. Licensed In Heron and Perth Counties. For particulars and open dates, write or phone JOSEPH L. RYAN, R. R. 1, Dublin. Phone 90 r 5, Dublin. EDWARD W. ELLIOTT Licensed Auctioneer Correspondence promptly answer, ed. Immediate arrangements can be made for sale dates by phoning 455-3, Clinton. Charges moderate and satisfaction guaranteed. PERCY C. WRIGHT"' Licenl*ed LlA ' i¢ieCaom arty itataal8ipdlat;Ye vet Por a }better aitetion faille, Call tit* • LEGAL A. W. SILLERY Barrister, Solicitor, Etc. Phones: Office 173, Residence 781 ' SEAFORTH ONTARIO McCONNELL & HAYS ' Barristers, Solicitors, Etc. PATRICK D. McCONNELL H. GLENN HAYS, Q.C. County Crown Attorney SEAFORTH, ONT. • Telephone 174 CHIROPRACTIC D. H. McINNES Chiropractic - .Foot Correction COMMERCIAL HOTEL Monday', Thursday - 1 to 8 p.m. • OPTOMETRIST JOHN E. LONGSTAFF Optometrist Eyes Examined. Glasses Fitted. Phone 791 MAIN ST. : SEAFORTH Office Hours: Daily, except Mon- day, oaday, 9 a.m. to 5:30 p.m:; Saturday, 9 a.m..to 9 p.m.; Wednesday, 9 a.m. to 12:30 p.m, .CLINTON-'Monday. 9 a.m. to 5:30 p.m. (McLaren'• Studio). • INSURANCE • FOR ACCIDENT and SICKNESS INSURANCE LOW COST PROTECTION LIFE INSURANCE and RETIREMENT PLANS Phone, Write or Wire E. C. (Ned) BOSWELL JOHN ST. - SEAFORTH, ONT. Phone '113 Special Representative: The Occidental Life Insurance Co. of California. THE McKILLOP MUTUAL FIRE INSURANCE CO'Y. HEAD OFFICE`-SEAFORTH, Ont. OFFICERS: ,: President - J. L. Malone, Seaforth Vice -Pres. - J. H. McEwing, Blyth Manager and See.-Treas. - M. A. Reid, SeafOrth. DIltEO!PORS: E. J. Trewartha, Clinton;J. J. L, Malone, Seg.forth; S. H. womb more, Seafertit; Chris. Leonheldty Bornholm; •Robert Archibald, forth; John- a Melinvina Bi t William S. Mexander,' Vititotl; s?. veyo 11'uller, Goderlch; J. E.. Pepper, Bueetlettt. glRliarod Lotp r, 3 .. to, J. by 4.