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The Huron Expositor, 1982-10-06, Page 13,1 B8 — THE HURON EXPOSITOR, OCTOBER 6, 1982,- 1F6pffn ALL PART OF COMPETING - Adjusting the plow is all part of competing as Jeff McGavin of RR Walton found out at the International Plowing Match and Farm Machinery Show held in Lucan. Remembering RedRock OO 0 0 Bw abs 4UQcoW by D©CS TP044CW Back in Victoria County, just bkue you. reach the Highlands of Haliburton, is the highest point in the county. We called it Red Rock when we were kids camping in the area. The rock, of course, is bare with ryithing but moss and lichens clinging to the rgranite. Many years ago, when my father was alive, • he took a group of rapttbunctious youngsters a hike to the top of Red Rock. e was born in that country and 'knew ever. -Dot of it. A. disappointed farmer, he' spent m. of his life toiling as a grower in commercial greenhouses, His love for nature and growing things splashed off to his children, -' One of the last memories 1 have of him, just a few months before the dread disease took him. was seeing his gnarled.,. old hand tenderly encircling a wild flower. Yes. he loved growing things. The day he took us for a tramp through the bush, he approached Red Rock from the leeward side. a long, steep but passable trail sprinkled with sumac and other brush. It was in early October and he knew exactly what to do to impress upon all five of us that God and nature worked together to preside beauty for mankind. He told us all to look at our feet as we came to the top of ,the rock and led us to the peak. The winds of winter blow too hard,for anything to grow at the peak. He told uto look up when we were lined across the top of the hill. The scene will live with me forever: A giant. colored map made up of the scarlet of the maples, the bright yellows of the birches and poplars with a solid green background of spruce and pine. Patches of lighter green stood out like a flame where the tamaracks stood in the swamp below the hill and off in the distance, the rivers and lakes of the 'Kawarthas, blue in the sunlight and silver Take time to save money IF© menclgoait@wt • a apace BY HILL GREXTON Associate Agr. Rep. People, are looking at the best way to make money today and most have it within their grasp but don't see it. I'm talking about their debts! Your best return on your money can be in how you repay your outstanding debts. Aside from the obvious ones such as "pay off service debt which is compounding at 3 per cent per month (421/2 per cent per year)", you can save quite a bit of money by paying off loans quicker. 1 will use an example to explain this. ' If you have $100.000 oper- ating loan at a floating rate which may average 18 per cent. how would you pay it back? Some say. "I don't have topay it back this year as long as i pay the interest." That. in essence. is correct if you have enough cash flow to "turn over" the loan in one year. but at a cost of $18.000 per year with no principal paid back. This is money lost to you and your operation. Others will term it out and make an effort to pay it back over a given period of time. usually with terms of "Equal payments of principal with the interest calculated on the outstanding balance" --called non -amortized loans. There is an obvious saving here -•in- terest is calculated on a smaller balance each year. The problem is that the first payments are so Targe that you may not be able to handle it. In our example. we will "term out" over ten years. In that case we would pay $10,000 principal and 518.000 interest the first year. $10,000 and 516,200 interest the second year : untl it was all paid of a total of $100.000 principal and 599,000 interest. Others may be able to term it over ten years and make amortized payments of $1,760.85 per month (that is blended payments which in• crease in the amount of principal paid as the loan gets paid down), This is the type commonly used in mort- gages. The total cost if 18 per cent interest rate was used would be $211.300 of which $111,300 is interest. These are the alternatives. but how can you save money? If you amortized it over ten years as suggested. your payments is SI .760.85 per month, if you pay 565.00 more a month (that goes right onto principal), it will reduce the term of the loan one year and save you 513.030 in total interest paid over the period of the loan (or if you like. 5120 per month for 108 months). You will be paying hack 5100,000 principal in either case. The alternative which showed equal principal pay• ments and interest calculated on the outstanding balance can benefit you greatly if you make principal payments ARNOLD J. STIN N ISSEN .LIFE and Mortgage Insurance Plans INCOME Averaging and 'Deferred Annuities INCOME Tax Deductible Flexible R.R.S.P. NEW Non -Smokers Rates Available NEW No Load R.tt.S.P. REPRESENTING Sun Life Assurance Company of Canada Tel. 527:0410 117 GODERICH ST. EAST SEAFORTH ‘.........,.....,.............---.1 I SHIP YOUR CATTLE THE CO-OP WAY UNITED CO-OPERATIVES OF ONTARIO ONTARIO STOCK YARDS [4161 767-1143 s•1 F YOUR U.C.O. SHIPPER IS . O'ROURKE TRANSPORT 1 1 j f DAVID OR BRYAN 1 345-2913 RESIDENCE - 348-9009 1 Shipping Day - Every Tuesday Morning i . more often. i.c. monthly instead of yearly (or even weekly if possible). In this example. $1,500 per month down to $833.00 principal and 512.50 interest for the last payment. That way would cost you 590.-49.60 in total interest paid --a saving of 58,250.40 compared to mak- ing annual payments. If you slake weekly payments such as might be possible with hogs or nff•farm income. the total interest cost would be 389,386 user a ten year period •a further seting of 51.364. Obviously paying more principal early is the way to save in total interest paid. if you can't afford the 528.000 payment in the first year. then making payments more often in the case of non•amor tired loans or making your payment larger. i.c. amor- tising Over nine years instead of ten will trice you the next best saving. it all depends on the repayment ability of your cash flow. The absolutely worst way is, to pay no principal --just interest. People say. "That 'saving' is money 1 don't see. It's just a paper figure. It doesn't mean anything." 1 can tell you when you don't have to pay 513,000 or $8,250 or 59,600 that it is money you have! What you do wit!,) it is up to you, but you sure didn't give it to the bank. It's around your farm somewhere. Think about this idea! A few hours or a few days planning can save you thou- sands of dollars! Oh. by the way, if you continue to hold that 5100.000 for even five years. the interest you will have paid will be 590.000 and you will still have to pay it off using one of the ways men- tioned above (whatever the interest rate). Even if interest drops to 2 per cent in 1987, you are still behind. An Expositor Classified will pay you dividends. Have you tried one? Dial 527-0240. Alexander Award we are Inking for Huron Cott nts landowners who have managed their farms to con• .cm soil. water and other natural resources. Such man- agement practices may in• solve erosion Control, (grass• cd wate•rwass. proper tillage. ,rnp rotation. etc.) stream :mprtisement. (buffer cones. the out k't protection, ditch hank stahiliratinn. etc.) wuodiot management. wind- breaks and reforestation and manure management. Individuals or groups wish• ing to nominate a candidate should send the nominee's name and address by October 29. to: Conservation Award Committee. Ontario Ministry of Agriculture and Food. Box 159, Clinton. Ontario. NOM I LO. —John Heard Usborne&Hibbert Mutual Fire Insurance Company (Established in 1876) 'Provides Full Insurance Coverage far Town Dwellings as well as Farm Properties AGENTS Ross/Hod ert Jotit Modre Jo ph Uniac Mr Elaine Skinner Wally Burton Woodham Dublin Mitchell Exeter Exeter DIRECTORS & Jack Harrigan Robert Gardiner Lloyd Morrison Lorne Feeney Ray McCurdy Robert Chaffe R.R.3 R.R.2 R.R.1 R.R.2 R.R.1 R R 5 229-6643 345-2512 348-9012 235-1553 235-0350 ADJUSTORS 227-4305 345-2739 229-8277 345-2543 229-6594 348-8293 , Lucan , Statla , St. Marys , Dublin , Kirk ton Mitchell when a cloud passed across the sun. A Clow of understanding went through all of us, I'm sure as we watched in wonder as the wind riffled the leaves and sighed through the conflers. Do city dwellers have a favourite tree? 1 suppose they have. Mine is the tamarack, sometimes called hackmatack or (arch. I love this delicate tree. It doesn't seem to care that it is neither deciduous nor coniferous. In fact, some woodsmen call it a deciduous conifer because. unlike conifers, it sheds its "leaves" or needles in the wintertime. I love it for its simple, delicate beauty. 1 do not know whether it is useful or not. At one .time, its tall, slender trunk was used for fenccposts and 1 am told many thousands of board feet of tamarack were used to build roadbeds. the corduroy roads of pioneer days. • I still get a thrill when driving along a, country road 1 suddenly come upon a stand of tamarack. The feathery needles, whisper •so gently in a breeze, telling old tales of Indian "peoples and pioneers and thousands of birdsongs. Nature loves differentiation and the tamarack is the maverick of the conifers. the one tree that dares to be neither fish'nor fowl. neither deciduous nor coniferous. The great advantage in living in the country is that if man is. in reality. a simple, humble being. if he truly loves contentment, it is the place of all places where he can live life most freely and fully. where he can grow from within as he sees the crops and the animals growing without. When I think of that group of young people standing on Red Rock and my father beaming beside us. 1.m always reminded of the story in Pilgrim's Progress when Christian and Hopeful stood on the hill Clear: "...yet they thought they saw something like the Gate. and also some of the glory of the place." Centralia College of Agricultural Technology FALL CONTINYIIIG EDUCATIONPROi�A�S Marla GMi@.r. Wry . f Agrkt(tttre and fl'® A. Langer Traloning PPograms IMO charge to TO 4tr®totsp (Bp <.sM CAMPUS COURSES e Financial Management For Farmers - Huron Hall November 16 - December 14, Tuesdays 9:30-3:30 (11) ` ft -Cantatas Courses e Financial Management For Farmers 1. Q.M.A.F. Perth, 413 Hibernia, Stratford November 18 • December 16, Thursdays 9:30 • 3:30 2. Small Banquet Room, Elma Memorial Community Centre, Atwood November 17 - December 15, Wednesdays,9,:30 • 3:30 e Dalry Goat lMlana ewnort OMAF Perth, 413 Hibernia, Stratford - October 18 • November 22 Monday evenings from 7:30 plus 2 Saturday tour sessions e Sheep Management Library, Belmore Community Centre, Belmore October 20 • December 8 Wednesday evenings from 7:30 plus 2 Saturday tour sessions R. ther Progratooa (fee to registrants indicated) All On-c®oropus Coonrsea e Understandlong Yesor Farm Weather With Jay Campbell '(CFPL Channel 10 Meteorologist) Cost $20.00 Two-day course November 29 and December 6 Mondays 9:30 -.3:30 e Food For diming k Cost $25.00 With Elaine Gottschall 8 evenings, October 20 • December 8 Wednesdays from 7:30 p.m, e Food Processor Cookery , With Deb Laskin -Rich and Deb Campbell Cost 10.00 1 day November 6 Saturday 9:30 • 3:30 e Microwave Cooking With Deb Laskin -Rich and Deb Campbell Cost 10,00 1 day November 13, Saturday 9:30 - 3:30 Ontario TO REGBSTFR FOR THESE COURSES: Oro -Campus Courses'- phone Continuing Education, Centralia College (228-6691) Off -Campus Courses - phone Centralia College or your area OMAF Office Ministry of Agriculture, and rood Business FLORIST Hildebrand Flowers 15 Main St. Seaforth ii ()Mee 527-0555 Res. 527-1784 4 Complete Floral Service with a personal touch. PIANO TUNING • Report • •Rebu.ld,nq • keys Recovered • Dampp•Chosers BRUCE PULSIFER 348-9223 Mitchell —SHARPENING— An types of saws, knlses and scissors sharpened Speciahrmg in Carbide saws and Innis STAY SHARP SALES AND SERVICE Gordon Blanchard RR4, Walton 527.1806 f ---FARM SUPPLIES Feed Seed Ferliliter Farm Supplies Petroleum Supplies Healing Oils. Seoforth Co-op 527-0770 t j _DECORATING — Graves Wallpaper & Paint Featuring Sa'i n I`I� Canadian & Impnrled Wall (t)t erinl s 527.0 SI) Sea,nrth r---CONTRACTING Th Wa J. Feeney CONST. LTD. CUSTOM BUILDERS Renovations, Additions, new homes... Replacement windows Phone 345-2405 Dublin MUFFLERS— .. riffle ;_ j Mufflers guaranteed as long as you own the car SEAFORTH MOTORS LTD. 527-1010 j /APPLIANCES Appliance arid Refrigeration REPAIR SERVICE Jim Broadfoot 482-7032 J SEWING SUPER MARKET Over 100 m•chlrws on display Service to ell makes Sales -White, Eine, Husgvarne lou of used machines from S39.95 SEW AND SAVE CENTRE LTD. 149 Downie 81. 12 doors south of Hudsonal Stratford, 271.9f60 J FI .ragas Carpentry • Aluminum Siding • Home Renovations • Additions • Framing • Roofing Peter Flanagan 5271399 DECQRATING Expert Inferior 8� c Exterior Decorators • e'Y Wallcoverings -r7.'41 Kem Paints Window Shades • 'LDEBRAND PAINT AND PAPER' PHONE 527-1880 a_ 15 Main St . Sealorth ,-FUNERAL HOME - Whitney - Ribey Funeral Home CEMETERY MONUMENTS ROSS W. RIBEY DIRECTOR 87 Coderich St 5naforth Phone 527-1390 Sincere and Courteous Service Directory— IMPROVEMENTS MacLEAN HOME IMPROVEMENTS Phone 527-0032 Free Estimates For Siding - Aluminum and Vinyl, Aluminum Windows, Doors, Awning9 Railings INSURANCE SEAFORTH INSURANCE 39 Main St. S. Seaforth .Home .Business Farm .Auto .Life Sickness & Accident . Investments 527-1610 OPTICIAN David • Longstoff Ltd Optician $7 Main SI, `, Sisturlh 11I'1/IMF1111515 %'SI) OPHTHALMOLOGISTS Prescriptions Filled Promptis SUMMER HOURS Mon., Tues.. Thurs.. Fri„ 10:00 a.m. - 5:30p.m. CLOSED WEDNESDAYS & SATURDAYS COMPLETE OPTICAL SERVICE 527-1303 CARPENTRY J&J Carpentry • Concrete Forming and Finishing • Framing •Drywall Doling •Ca.'inet Making John Ryan '527-1520 (—FUNERAL HOME yo; Ii4I11,11 llO/ Barbara A. Watts Funeral Director 47 High Street Seaforth Phone 527-0885 I.V. STEREO. INIr Complete Line ZENITH ' SALES TELEVISION 8. AND STEREO SERVICE Seaforth Electronics 17 Sparling St.. 527.1150 i S & L $39.95 Special Living Room, Dining Room, Hall MAGIC CARPET CLEANING UPHOLSTERY SPECIALISTS Customer Satisfaction (Guaranteed) Phone 527®0386 (Evenings) 9