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HomeMy WebLinkAboutThe Huron Expositor, 1964-12-24, Page 1Whole No. 5052 105th Year SEAFORTH, 'ONTARIO, THURSDAY, DECEMBER 24, 1964 — 12 PAGES FAME Shareholders Act to Meet Problems Financial difficulties which beset Farmers' Allied Meat En- terprises Co-operative Ltd. were explained in detail. at a meet- ing of nearly 200 Huron share- holders in SDHS auditorium Monday night. Alex McGregor, Huron presi- dent, outlined the basic prob- lem as being "how to finish fi- nancing the organization." He introduced Jack McGillvray, of Bruce; Orrin Pridham, of Perth, and Carl Hemingway, of Huron, all members of the Provincial FAME board, The farmer -owned' co-opera- tive is faced with making a $1,500,000 payment on a meat packing and slaughtering plant at Burlington that it purchased in October. The deadline is January 4th and the co-operative is urging shareholders to make further investments so the commitment can be met. As the meeting adjourned "shortly before midnight, share- holders had subscribed $9,000 towards the purchase of addi- tional shares. Similar meetings are being held on a county basis across the province. In turn, township meetings have been planned at a number of cen- tral points. ' Mr. McGregor said Tucker - smith and Stanley would hold a joint meeting in the Agricul- tural Office Board in Clinton on Wednesday evening, Dec.30. J. Carl Hemingway, of Brus- sels, a FAME director; -out: lined the co-operative's program since its inception. He said'shareholders can buy first mortgage bonds at $250 each at six per cent interest, maturing in 20 years. He said the money will be held by the Metro.pelitan Trust Company in Toronto in trust until $1,500,000.00 is raised. If FAME fails to raise the $1,500,000, the money will be returned to the purchasers by the_ .. Metropolitan- Trust. Mr. Hemingway said he could think of many mistakes that FAME board of directors made along the way, and suggested the first one was trying to sell shares worth only $,100 each to build packing plants. "Perhaps if we had had 100 per cent par- ticipation it might have work- ed," he said. He said FAME was founded in' the hope of building a string of seven meat packing and slaughtering plants, across On- tario. "The situation tonight is a serious one for FAME," said Mr. Hemingway. "Whether we keep it (the Burlington plant) or lose it, it was a good buy and still is." He said a private evaluation of the property showed the plant and equipment was worth $4,200,000. He said that, since FAME took the plant over in October the cattle kill operation is in the 'black, but the hog„ opera- tion is in the red. He said he expected the hog operation would be in the•black by March. The plant had a ca- pacity of 800 cattle and 6,000 hogs. At the moment the run is about 500 cattle, and it is expected hogs will reach 4,000 by the first of the year. Mr. Hemingway said the $1,- 500,000 needed would be for a first mortgage, but another $700,000 is needed for immedi- ate working capital to make the plant a success. In addition, $400,000 was required in col- lateral notes. The plant, the F. W. Fearman Co. Ltd., is being held in trust and operated by the former owners. Details of the FAME opera- tion were revealed as share- holders in the audience posed questions for the executive' 'members. Properties at various loca- tions in Ontario had been pur- chased as part of a long-term plan, and because shareholders demanded action. For $10 Per Day Former FAME head, Charles - Residence of Garnet Stockwell Residence of Joseph De Groot 'Residence Of Lloyd 'Ro*af McGinnis, had resigned as dif- ficulties in raising further fund had become apparent. He is worked on the basis of $10"pie day, plus expenses. When a collection was taken, up on ;his retirement from the hog pro- ducers, he was given a gift of $1600.00, which he invested in FAME. There , . wouldn't have been a hog producers marketing plan or board if he had' . nor' pushed it. �? Many farmers had promised support if a plant was estal% lished, but the support has ndt come forward. There may have been odd cases in delay in payment, biit this was the exception,, speak- ers •told of receiving cheques for animal shipped within a few days. Blamefor the difficulties which a .London paper was said to have. placed on the hog pro- ducers was not correct, The hog producers and FAME were two separate organizations. Informal discussions had been held with• other farm organize - (Continued on Page 6) Name'" Contest Winners Winners in the best decorat- ed homes competition were an- nounced this week by Chamber of Commerce President George Mcllwain. The contest is among the Christmas projects financed by the Christmas activities corn, mittee. - 'Judging of homes throughout Seaforth, Harpurhey and Eg- mondville was carried out-' a panel of judges from neigh- boring town.. As was the case last year, the community was. divided ,into three zones, with a winner in each zone. The prize in each case was an elec- tric blanket. One of the blan- kets was donated by the PUC. The Winners Zone 1—Including the area. north and west of Goderich St. and West William Street, in- cluding homes on both streets and in Harpurhey: Lloyd Row - at. Zone 2—The area east of West William ,,Street and Main Street south as far as the CNR: Joseph De Groot. Zone 3—The area west of Main and south of Goderich St. West, including Egmondville: Garnet Stockwell. R. J, Boussey, who was in charge of the contest,' said the judges had made a special award to Ed. Box. "44.k.,•y $ingle Copies, Cents $4.00 a 'Year, iln Advanees t-ioN. CHARLES S. MacNAUGHTON (left foreground) is shown as he lays a date -stone ata ceremony Sunday after- noon at the new Seaforth Community Hospital. Assisting is Mort Milne, project superintendent, representing the con- tractors, W. A. McDougall Construction Limited, while (centre) is Miss Valerie Drope,, administrator of Scott Mem- orial Hospital, who also took part in the ceremony. The, ceremony, in an enclosed area at the entrance to the, new hos-. pital was attended, by 300 area re.sidents, who, later attended a reception in the building and viewed construction progress. Attend µk o.spitalDate .Stone ,:r,; eremony many, many people. with the board. The short ceremony, attended by 300 area residents, was held in a plastic enclosed area at the front entrance to the new building. Mayor Angus Mac- Lean extended greetings from Seaforth, and Huron County greetings were brought by War- den Ralph, Jewell, The stone was dedicated by Rev. L. J. Coughlin, of St Col- umban R.C. Church; ' and;. Rev. Harry Donaldson, of St. Thomas'" Anglican Church. At the con - (Continued on Page 6)• Described as another mile- stone in a continuing program to provide modern hospital ac- commodation for the Seaforth community, a date -stone laying ceremony at the new Seaforth Hospital here on Sunday after- nogn marked the closing in of e $875,000.00 building. The stone was laid by On- tario Highways Minister and Huron MPP, Charles S. Mac- 1Naug°ltton;. He was assisted by Miss Valeria Drope, hospital' ad- ministrator at Scott Memorial Hospital, which the new hospital will replace. "This marks the culmination of the tangible efforts„ of so Plan Tree Burning Plans to burn Seaforth area Christmas trees in a great bon- fire are being completed by member's of the Seaforth Fire Brigade. While final details have not ,peen worked out, it is suggest- ed trees will be gathered in the area of the Seaforth District High $choel, ready for a bon- fire Saturday night, January 9. If plans work out, , the bon- fire will be followed by a'fain- ily skating party at the Arena. /. The Publishers and Staff of The Huron Expositor Extend Warmest Christmas Greetings to their Readers and Friends At This Glad Holiday Season ! r• r T” .a a' • interest of their community at heart," said Mr.'MacNaughton. Mr. MacNaughton was intro- duced by K. Bruce MacMillan, vice-chairman of the board and chairman of the successful fund raising campaign, which to date has contributed $185,000 in cash and pledges. Beard chairman' A. Y. Mc-. Lean, who presided for the ceremonies, said:the' new struc- ture had its beginning more than, 35 year ago, when a be- quest of the Scott brothers of Tuckersmith hathmade possible the present Scott Memorial Hos- pital. The new Community Hos- pital, in' turn, had been made possible by the co-operation of a great many individuals and Organizations throughout the community. He referred to the Women's Hospital Auxiliary, the Canadian Legion, 'Lions Club, Teen ' Twenty, Students' Council and church organiza- tions. "It is truly a community pro- ject being built to serve the community," he said. Serving as a link with . the past were documents placed in a sealed box within the date - stone. The box Was presented by William Dennis, building committee chairman, to Morton Milne, project superintendent, representing the contractors, W. A. McDougall Construction Limited. The box contained photos of Seaforth hospi- tals, and of• the present con- struction, -copies of The Huron Expositor containing stories dealing with the new hospital, campaign literature, representa- tive Canadian coins, and lists of the names of hospital staff and Increase Mail Service Here Additional deliveries for both incoming and outgoing mails from Seaforth Post Office have been announced and are now in effect. Mails close for despatched to all points at 7 a.m., 9:40 a.m. and 5:30 p.m. Mail closes for number the despatch to Clinton and Gode- Chamber. Commerce mail rich only ,at 11:30 a.m. q estionaire have been receiv- Incoming mail will be avail • ed. •according to George McU- able for delivery from all points wain.' C of C president. The at 9:30 a.m., 12:20 p.m. and 7:15 qucstionaire distributed to Sea - p.m. Mail from ,Clinton • and forth businessmen, was de- Goderich only is ready for de- s;^ned to' indicate whetfier livery at 10:15 a.m. !changes wera desirable in ex. Post Office wicket service will isting mail schedules, I close at 1 p.m. •on Thursday, I "While a good many returns December 24, as well as on Jan- .have conte in, we know there uary 31, according to Postmas-,are some merchants who be - ter 0. Oke. cause df the Christmas rush On Christmas Day and again :have delayed. ,completing ,the on New Year's Day, the Post ; form," Mr. Mcflwain said, and Office will be closed and no ' added that he hoped these re- mail' will be received or de- I plies would be received at an snatched, nor will there be'early date so that all can be rural McKillop Acts On New Road McKillop council has asked Engineer Burns Rosa, of, Gode- rich, to establish fence lines at lots 21 and east 1/ lot 22, eon. 2 and. 3. ° The action, taken at the )last meeting of the year, is prelim.- inary to carrying out a road improvement program whish will include cutting down the "mountain' road.. ` . ritherrhusiness-zbinicih —Accepted a petition i!rom I1iillett to survey the McI�illop- Hullett Drain. —Appointed Harvey Craig .as township representative on the SDHS Board. ' •---Approved a grant of $550 to the McKillop Federation of Agriculture, and $250 to the Farmers' Union. Seek Replies To Mail Query A of replies to of mail deli ivery. I summarized; STUDENTS OF SDHS have received a set of "Encyclopedia of Science" in memory o the late Mrs. Edith Russell, a graduate of the school when she won the Edward Blake Scholarship in provincial competition. The set was presented to the school by members of her class, who through the years have kept in touch with each other. The class last was together ten years ago when J. G. Sills, now of Baltimore, and 'lith` • Russell arranged a dinner as a feature of the Seaforth Old Boys' Reunion. Here, -M1ks "'Iadys Thomp lt (left) and ,,Miss Ethel Beattie present the books to the seieit f3 department at SEE[8 (Expositor photo by •Zyhisllipsy. Miss Nan.. Tayib�y cad of .i,