HomeMy WebLinkAboutThe Huron Expositor, 1983-12-14, Page 24HuigON EXPOSITOR, DECEMBER 14, 1943
RIO
Perres.;make, lioneymaon
tripin:ModeIA in in1933
to Niagara Falis, U.S.A.
igyRiaourifLuAlmori " Ran, of canasta( debts. for oxtt ., the
' 'Ivlteis aw^ tragrilimiia; China that ytia. Qnrchaseafahotneis-oratleast Pc -
At htvestrneat. Mc:Value of
propertyAt
*Iper olf aB �7our debtsr by the„ead of
yew? It a a great idea. one Canadians .1)OnterAtiPhas
h art emeilent,reoordin terms of
C'aaadiaasCarly a debt burden from one3year Mule_ may „ C the homeowner afi6Ws
faun tltt neat. Some people may never bei tltehalm W�t tetioratiebadly, the neighbor
debt fact : Baying on credit . hood becomes a social disaster area; or the
!Mold fry to imitate, ormanee."
Doikever.; the reality is that, millions .of There are three reasons whir the vahie o4 it
since the Second World • whole community Ls wiped out economically;
sack as decently happened with Uranium
In most however, your investment in
a house mil be a good investment over the
long term. The increase hr its re -sale value
should at leas! match the increase in the
national inflation rate over a reasonably
lengthy period of time.
Tliere are a lot of Canadian homeowners
who have seen the appraised value of their
property double or triple within the last 20
years.
Another important financial advantage of
homeownership is that there is no capital
gains tax to be paid when you come to sell the
• Property.
There are two.schools of thought when it
comes to borrowing money :o buy a house.
Some financial counsellors recommend you
rWti; that having debts is now considered a
veal aceeptauc thing:
At Abe time or another just about every
Capltdittn.' brow money. The federal
goreinmrept eves encourages this, both by
ezluRpleandby somettystawprovisions. For
example at the'curtent. fiscal year Ottawa
trill tun tip a deficit of about 330 billion. That
is the twice* of•thortfaU between what it
intendsto spend And what it expects to get as
tax revenue -.,It is i`md'mg the 530 billion by
boitipvringg' from financial institutions and
individuals.
An euotpte of a tax concession, which
stimnlatesborrowingisthe provision that you
can claim as a tax dednctionthe interest on a
loan you 'obtained to make an investment.
This Income Tax Act provision has certain
limitations, of course. make as large a down payment on the
Strictly speaking, when you borrow money ropossible. thus reducingthe
to purchase a home. the mortgage is a debt. P Ply as
But it is of quite a different sort to`the' usual amount yon have to borrow. However. other
• abiNCi
KENNETH ASIff'ON
Kenneth L. Ashton, a -longtime resident of
Brussels, died in Wingham and District
Hospilal on Nov. 28.
Mr. Ashton came to Brussels is Jan. 1932
as principal of Brussels Public School, after
having taught in Huron County rural schools
red in Blyth. He continued as principal instil
lis retirement in 1967.
Mr. Ashton, the last remaining member of
the family of Mr. and -Mrs. George Ashton,
was born in Howick Township on May 22.
1902.
His life revolved around the community in
whicl_►jie lived. He was active in the Brussels
United Church, the Lions Club and various
athletic activities, especially as coach of the
• Brussels girls fastball team which went on to
win provincial honors in the late 1940s.
Both in and out of school, Mr. Ashton took
a great interest and in pupils, many of whom
continued to higher education because of his
encouragement.
The funeral service was held Nov. 30 at
the M.L. Watts Funeral Home in Brussels.
He leaves nieces and nephews Mrs. John
(W-ilma) Gummow of London, Jack Watson
of Etabicoke, Edward' Watson of Blyth, Mrs.
A.A. (Eleanor) Wells of London, Mrs. Ross
(Shirley) Durst of Pickering, Everett Ashton
d Winnipeg, Manitoba. Donald McCallum
of London, Eric West of St. Clements and
Roger 'West of London, as well as his
sister-in-law Mrs. George (Lillie) Ashton of
listowel_
counsellors say you should not denude your
accumulated savittggssjust for the sake of *big
down payment. All too often that leaves the
purchaser with insufficient money to buy all
the appliancesand furnishings the house may
need. Frequently that results in the home-
owner purchasing those goods on credit.
which leads to heavy financial pressures.
to thefinal analysis the derision on the site
of a mortgage dePends upon the rules and
sty s that the fender applies.
Mortgagors (lenders) definitely will not
issue 1 mortgage loan that is too large in•
relation to the appraised value of the
property. They also take into account the
- mortgagee's financial net worth position and
annual income.
As a general rule mortgage lenders won't
do business with a would-be borrower if the
annual mortgage payments exceed 25 to 30
pet cent of a borrower's annual gross income.
Mortgagors do not want to' have customers
who are getting too deep into debt.
Rodrpo �f t2® woeffs
JELLED CRANBERRY SALAD
3 envelopes unflavored gelatin
% cup cold water
4 cups cranberry juice cocktail divided
'h cup sugar
1/2 teaspoon salt •
Y cup lemon juice
1'h cups chopped =peeled apple
Y. cup chopped celery
VI cup broken walnuts
Dressing equal parts mayonnaise and sour
cream.
in large bowl soften gelatin m the cold water.
Heat 11/2 cups cranberry cocktail. Add the
sugar and salt to gelatin and stir until
dissolved.' Add lemon juice and remaining
21/2 cups cranberry cocktail. Pour % cup in
21/2 quart old. Chill until firm. Chill
remaining : in until it begins to set then
fold in app,. celery and walnuts. Pour in
mold and c i overnight_ Serve with
dressing. n
Submittedby
' Dorothy Hays
Seaforth
McCOOEY—VAN V TET
Janis van Vliet. daughter of Jan and Joyce
van Vliet. of RR2 Brussels ,anor Brian
McCooey. . ;son of 'Edward and Marianne
McCooey, of Fort Erie were married Oct. 8in
the Walton United Church. Matron of honour
was Debbie Claessens and bridesmaids were
Joyanne van Vliet, Mary, Jane McGregor and
Laura McCooey. Berk Patterson was best
man, and ushers were Ed McCooey. Ray
McCooey, and John van Yliet. Ringbearers
were Eddie McCooey.and Dustin McCooey.
The reception took place at the Royal
Canadian Legion. Brussels. After their
honeymoon in northern Ontario. the couple
will reside in port Erie.
MUNRO: John and Janet are pleased to
announce the safe arrival of their daughter.
Danielle Elisabeth, on Nov. 29. 1983 at
SeaforthCommunity Hospital weighing 7 lbs.
13 oz. A new sister for Jered and Nicole
''�r
Proud grandparents are John and Gerfrp¢c
Klaver. Kippen.
An open house was held Saturday. Dec. 10.
in the Melville Presbyterian Church. Brus-
sels for Mr. and Mrs. W.J. Perrie on the
occasion of their SOth wedding anniversary.
The couple were married on Dec. 14. 1933
on Mrs. Perris birthday in Si: Davids
Anglican Church. Loddon by the late Rev.
Roy D. Mess.
The couple made the trip in a 1928 Model A
Ford and went on to Niagara Falls. U.S.A.
and then to Hamiltpn. -
' Mrs. Perrie is the former Mildred Pollard
of Morris Township. daughter of the late Mr.
and Mrs. Charles Pollard. Bill is the son ofthe
late Mr. and Mrs. James Perrie.
Following their marriage the couple
farmed on lot 11. concession 12. Grey
Township. The depression didn't keep people
from gettingmarried and everyone worked
hard to make a profit from farming." says
Mrs* Perrie. "Those were the clays when pigs
sold for 53.00 and eggs were sold for 12 cents
a dozen."
The Perries concentrated their efforts in
raising cattle. swine and poultry. and made
maple syrup for a longtime.
Mr. Perne was interested in plowing
matches and attended many. He also
olieratedaJohn Deere machinery business in
Brussels for several years. He is a member of
St. John's Lodge AF & AM.
Mrs. Perrie is a member of Brussels
Senior Citizens. Melville WMS and the
Majestic institute. Both are members of
Melville Presbyterian Church.
They have a family of two. including two
sons. Rev. James Perrie of Shakespeare and
Donald Perrie who is operating the home
farm. The Perries have seven grandchildren.
-hr addition to receiving many cards and
MR. AND MRS. BILL PERRiE
flowers. congatulatory letters were received
from Murray Elston MPP. Huron -Bruce;
David R. Peterson, Leader of the Opposition;
John Aird, Lieutenant Governor of Ontario;
Murray Cardiff MP. Huron -Bruce brought
his personal greetings on Saturday: He also
brought best of good wishes from Mr. and
Mrs. Maloney and from Pierre Elliott
Trudeau.
A Targe crowd attended from Stratford,
Shakespeare. Hamilton. Landon. Seaforth.
Listowel, Londesboro. Cranbrook and Ethel.
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