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The Lucknow Sentinel, 1983-03-16, Page 2Janibore. '83 Lucknow Old Boys and Girls reunion 1910 • t�ltCt�h�tt, Wet. • Lucknow main street .Subrnitted by Douglas Graham, bar -know .Farms are businesses Ry Shelley McPhee Farms are businesses and ' in order to thrive and flourish, they must carry on like other professional businesses That was the advice given by Bank of Montreal t ROM i officials and a financial consultant to nearly 100 people attending the 1-luron harm Survival Association meeting in Ulyth on March Farmers from throughout the county, along with harm Survival activists in other areas came to Myth to discus problems of farm financing with bank officials from Toronto. The discission was heated at times, fanners voiced their financial opinions and op- positions, bank officials answered. Ernie Morel, senior vice president of the western Ontario division at the 130M stressed that banks are not retreating from agriculture. "Vile intend to stay in the agricultural sector in a big way," he said Mr. Morel noted that a nationwide survey has shown that 90 per cent of fanners are still managing successful operations and small commercial businesses are actually facing more financial dif- ficulties and bankruptcies However Allen Wilford. director of the Canadian Farmers Survival Association asked Mr Morel', "Are small businesses going under because the farmers are in trouble?" Cletus Dalton, a Kingsbridge area farmer said that it seems that banks are retreating. He said, "It seems the banks are beginning to realize that there is no money in far- ming... .not due to poor business practices on the farmer's behalf but to the low rate of return and losses in the agriculture business." Reading from a letter he had written to The Lucknow Sentinel Mr. dalton con- tinued, "The banks have seen fartners use all of their equity in holding up a sinking ship, waiting for things to turn around and get back to a profit situation. Well this takes time Hopefully we're through the worst. We've I.ay further charges Former Lucknow lawyer Robert Campbell had his preliminar% hearing delayed until June 1.1 when he appeared in fioderich Provincial Court March 7, The new date was set after the court was told that in addition to nine charges laid against Campbell a year ago, there were five new charges laid March 7 and another 123 charges will he laid in the near future. Campbell was charged with five criminal charges following a six month investigation by the Ontario Provincial Police. The Law Society of Ontario disbarred Campbell for misappropriation of funds and forgery. in b'ecemher last vPar. seen 25 per cent interest and the harm that has been done. Rut now we need time, not government subsidies to use some of these better economic times to get ourselves back in the black ' One farmer commented that three years ago people borrowed money at s per cent then paid as high as .'.5 per cent. He said that most would not have initially borrowed the n'ioney hada they known interest rates would take such a drastic jump. Mr. Morel said that the banks don't set the interest rates. He noted that the 130M is now offering a fixed operating line of credit. Farmers now have the op- tion of accepting a fixed or floating rate. "The floating interest rate is a gamble no matter how you look at it," he said. noting that other farmers have criticized the bank for putting them on a fixed rate. A comment from the audience was, "We'll accept this fixed rate and by some fluke the rates will go down Start Cleaning with a Classified Ad Lucknow Sentinel, Wednesday, March Ili, 1983—Page 2 Cornmitte plans Jainbore The invitations for the Jamboree '83 celebrations will he mailed this week by the publicity committee. Maudie Fisher and her com- mitee will mail 1 500 invita- tions to former residents in Canada, U.S.A. and over- seas The green on white four- fold invitations list the many activities taking place from the concert and family dance on the Thursday night to the shirt-tail parade in the wee small hours of Monday, July 4. it also includes a welcome from Lucknow's Reeve and Jamboree '83 committee, maps of the local area as well as decorative advertising. Piacemats of a similar design are being placed in rest aurants in nearby towns. At an executive meeting of the Jamboree '83 commit- tees. Al Hamilton, chairman, reviewed the plans for the manv. activities for the four day Homecoming. Reeve George Joynt and Councillor Ab Murray were present to give the Lucknow Council's support to all the activities and expressed their desire to assist with hydro hook-up, garbage removal. parking and policing. Dave and Joan Black. in charge of entertainment, re- ported that contracts with the dance bands, the concert entertainers. and the midway owner are being signed. The Jamboree '83 executive set the admission prices for all the dances. the beer garden and the concert. Contestants are still wel- come to enter the Princess pageant. Anyone wishing to sponsor a grade 6, 7 or 8 girl in the pageant can contact Joan Black. This contest will be held in Lucknow Public School on Friday, July 1 commencing at o'clock followed by a teen dance at 9 o'clock. Hap Hall is in charge of distributing Jamboree '83 souvenirs to business places in town and the surrounding stores. There are plenty of hats, mugs, T-shirts and bumper stickers left and also some totter\ tickets. The Jamboree '83 commit- tee are very pleased with the enthusiastic support of the Lucknow Business Associa- tion for the Homecoming weekend. They are sponsor- ing the Stayner Band and also sponsoring a Heritage Costume contest and assist ing with advertising in the media. George Anderson and M Hamilton have met with CKNX to discuss advertising on radio. The CKNX mobile will be in Lucknow at spec. ified times during the week- end of celebrations, Bob McIntosh will have entry forms for the parade read"v by mid April and also a list of classes for the ent- rants. Diane Hackett finalized her list of all the fond conces- sions and the groups that are to work in the booths. The committee appreciates Mol sons, Mcbonalds. Cora Cola for their coolers and also their generous donations. Huron cattlemen strike committee President Bill Coleman of the Huron Cattlemen's As- sociation chaired the meeting held in the board room of the O.M.A.F. office in Chatham °on March 7. Secretary is to contact Mary Eadie, Beef Informa- tion Centre, Toronto, for • more information on display material and literature President Coleman gave a report on the dates for the Federation of Agriculture Member of Parliament meet- ing and County Development meeting. A promotional committee was set up with Ron Benett, Keith Strang and Jack Flana gan being appointment. Glen Coultes gave a report on the resolution and Ron I3entt on advertising of the O.C.A. annual. N 3 ; 1 t 74 Seee4 tax Tuesday, March 22nd 9:00 n.m. 'Material • Notions •Butterick Patterns Many In -Store SPECIALS Featuring t FF ewing Machines 4 a eelsoea sprat, 4 ;Vow 525'4000 IIt►ursi: Mon. - Sat.- 9:00 - 6 1) p.m.