The Huron Expositor, 1967-05-04, Page 9s.
Choose Your
DIAIYIOND'
Privately
ATti
SAVAUGE
JEWELLERS
(Opposite Post •Office)
Evening Appointment
By Arrangement ,
FREE -17 Jewel Watch
with each Di4mond'pur-
,chase $100.00 or more
Every week more people dis-
cover what mighty jobs . are
accomplished by low cost Ex-
positor Want Ads. Dial 527-0240
c.r�ni» arty
ZAP, and ;iVra. Qkrlyle, Micklie
and #a U were Suu04, visitors.
with. Mr. and rs,. Alleat S n}t1
of Zurich, ,
-Mr. and mars., Quo. "walker
accompanied lay Mr, an4 Mns
Kew Walker, tendon, visited'
during the weekend with Nr.
and 'firs. Alex Walker and fam-
ily at Kirkland Lake. Alex is
at present confined to the hos-
pital at Kirkland Lake where
he had undlergone surgery last
Week.
Mr. and Mrs. Millard, C'rand-
all of Falconer, U.S.A., spent a
few days- with Mr. and Mrs.
Meikle and family.
Mr. and Mees•.- Alex Ramsey
visitid on Sunday with Mr. and
Mrs. Bill Ramsey and family,
Listowel.
Mesas. Hugh Scott of Guelph
and David from Western Univer-
sity, London, spent the weekend
with their parents, Mr. and Mrs.
T. 'Scott.
Mrs. M. Lamond and Mrs• T.
L. Scott attended sessions of
Hamilton London Synodical
whichwas held in St. Andrew's
Church, Stratford, last week.
'Mrs. E. Moore, Mrs. T. L.
Scott and Mr. David Scott visit-
ed) on Sunday.with Mrs. Jennie
DID YOU KNOW
...that Sun Life of Canada is. one
of the world's leading life insurance
companies, with 150 branch offices
throughout North America?
As the Sun Life representt-
a#ne in your community,
may I be of service?
JOHN J. 'WALSH
Sun Life Assurance Company of Canada
Phone 271.3000 -- 48`Yte6ecca"Si:,-frTRATi ORD.___.___
GOOD SER ICE AT LOW, LOW COST
1966 CLASSIC SEDAN
1965 'CHEV. BISCAYNE--6 Cylinder
1964 RAMBLER CLASSIC
1964 FORD "GALAXIE
'1964 MORRIS OXFORD
1963 CLASSIC SEDAN -
1962 FORD WAGON
1962. AMBASSAISOR
1961 BUICK SEDAN
1961 AMBASSADOR
1960. VALIANT .
•
Come and See the
NEW 1967 MODELS
MiLL.ER MOTORS
Phone 527-1410
•
Seaforth'
• American Motors Dealer
Elect
104'0,11TH,ONT
MAY 4,
Officers
Gar Baker was elected presi-
dent of the Seaforth.- 1*'igure'
Skating Club at the annual
meeting in the town hall.
Other officers for .the 1907
season are:
Vice-president, Mg. . , Carol
Baker; secretary, Mrs. Helen
Brady; treasurer, Mrs, -Joan
Campbell; test chairman, ¢►irs.
Donna Hannon; assistant, Mrs.
Jean Hildebrand; carnival con-
vener, Mrs. Marily• Chesney;
lunch" convener, M.M. Wilma
Oke; ticket convener, Mrs. Bet-
ty Devereaux.
- 'Present Professional, Bob Me-
Crable will be returning next,
year. Three members are at-
tending summer school at Galt
and one member, Bruce Brady,
is also attending spring school
and fall school at Galt.
The 'following skaters passed
C.F.S.A. tests this year: prelim-
inary figures, Susan Hildebrand,
Susan Hannon, Janice Dietz,
Jane Sills;
Preliminary, dances, ' Dutch
waltz, Janice Dietz, Nancy Phil-
lips, Barbara Brady, Mary Oke,
Leanne Melanson; Canasta Fan-
go, Jeanne Devereaux, Susan
LOBA ° Names
Euchre Winners '
LORA held their dessert
euchre in the prange Hall, Wed-
nesday when winners . were: af-
ternoon, most- games, Mrs. N.
Schneider, lone ,hank, Mrs. Art
Routledge, consolation, Mrs,
Zerbrack, Stratford, ladies birth-
day nearest, Mrs. Annie Harr
son. -
"Winners -in-the--`eveningrere;-
ladies'. high, Mrs. Jean Cairns,
lone hands, Mrs. Harvey Dol -
mage, low, Mrs. -Julia Flannigan,
men's high Zack 1VfcSpadtden,
lone hands, John McIver, low
James Doig. Lucky winner of
the cake was Bill Austin.
Winson at the Blue Water Rest
Home, Zurich.
Sunda evening visitors with
Mr. and Mrs. J: R. Jefferson
.were Mr. and Mrs. Norman Jef-
ferson . and family of Munro.
Hibbert's • Little Lassies No.
one met at the, home of Mrs.
John Wallace on Wednesday.
-The roll Ball was. something I
have learned from this unit.
The next meeting will be
heldat the home of Mrs. Wal-
lace on April 26th,, to prepare
for achievement day. The gar-
ments made also will•be judged
and lace applied. .
INSURANCE
WIND
TORNADO CYCLONE
JAMES F. KEYS
Phone 527-0467 : Seaforth
Representing he Western
Farmer's 'Weather Insurance -
Mutual Co-, Woodstock, Ont.
WHITE "` EA
NOW iS THE TIME TO ORDER ..
YOUR SEED
SANALAC '' ' SEAWAY ' MICHELiTE 62
-BEAN CONTRACTS
AVAILABLE J
EPTAM
PROVEN WEED` CONTROL
FOR WHITE BEANS
•
SEED GRAIN — OATS and BARLEY
FULL LiNE OF •CLOVER and GRASS SEEDS
At Popular Prices
Bulk 'and Bags
W. G. Thompson & Son
LIMITED
HENSALL , 262-2527
1-1446ranrjl .§assn
bars Brady, Janice Dietz; SWing
Dance, Jeanne Devereaux, Janice
Dietz; Junior Bronze Pazeee,
Fiesta, Angela Devereaux, WJ1-
bow Waltz, Jane $i11s, Angela
Devereaux; Junior • Silver
•Dances, American'„Waltz, Mary
Sills; Silver Free Dance, Bruce
Bradpr.
The 'following membo1' pas-
sed one.er more of the National
Skating tests: Jayne Baker; Jul-
ie Bell; Jane Cardn-o; Kimi Camp-
bell; Clare Devereaux; Eliza-
beth Johnston;,'Lori KO:MC(10i
Susan Kunder; Susan Langlois;
,
•
Joanne ' MelanSon; ,Tanice
Sohenk; Margie Meet; Leamle•
Melanson; Susan ' tdebrafd;
Mary Ann Kuntz;, Kevitt C mp-
'bell; Rick Hulley; Joe 1tfel.ean;
Bob Schenk; Dwayne Cornish;
Sandra Reston; Joanne„ Schenk;
Margaret SiIls;Jeanine lVieian-
son; Tracy Baker; Barbara C4es-
ney; Donna 1Vlalkus;; Lori Saw
auge; Monica Mal.kus; ,Barbara
Brady; Jeanne -Devereaux; Tdary
Oke;' Susan Mannon; Janice
Dietz; Pat Devereaux; Douglas
Henderson; Edtn.,iind Malk'us;
Rickey .Ruston; Terry Stephen-
son:
THIS WEEK
AND NEXT
by Ray Argyle
The Bank Act
Canada's new Bank Act,
which went into effect this
week, has already made life a
little more livelier for the na-
tion's traditionally, staid old
chartered banks.
The prospect of increased
competition, aridthe opportu-
nity
pportunity 'to develop new "fields of
,business; has gingered up bank-
ing to the point where the banks
are almost making it seem they
really want to lend out all that
money they've been hoarding in
their vaults.
' This, in fact, is exactly what
the ,banks do wish to do. They-
've mounted( one ‘of the biggest
loan campaigns of their history,
looking to 1968 rVhen in all
likelihood ---the- ceiling_ en....hank
interests rates will' be removed
entirely. -
The „new Bank • Aet, fathered
by - former finance • minister
Walter Gordon but brought to
life by Mitchell Sharp, took
two years to find its way
through the various stages of
Parliamentary passage. And de-
spite rough sailing much of
the way, the act emerged al-
most intact. '
The one main change result-
ed from •a recommendation of,
the Porter Royal Commission
on banking and finance. The
new act contains a clause lim-
iting ownership in new banks
by one group ,to 10 per cent.,
although -the ; new Westbank
will have 10 years to meet
this provision.
For the balance of this year,
a new interest ceiling of seven
and one-quarter per 'cent. re-
places the old six per cent. It
must be remembered,. -however,
that even under the six, per
cent. rate, total interest actual-
ly worked out to about 12 per
cent. 'for most borrowers.
As .of Jan. 1 next, the inter-
est rate will, for all practical
purposes, disappear because
the average rate on short-term
government bonds is now run-
ning below five per cent.
Just as loan interest rates
will fluctuate, sp too are there
changes' in rates of interest
paid on savings loans. The
Bank of Montreal and the Ca-
nadian Imperial .Sank of Com-
merce were the first to offer
four per cent. on nen-checking
accounts, compared to the tra-.
ditiotrai three 'per cent. bank
savings rate.
- The mammoth Bank Act,
-which contains more than 160
clauses, is seen as providing a
basic economic framework for
the growth of the country .dur-
ing the next 10 years. The Act
is scheduled to be revised ev-
ery 10 years but the current
review was delayed by the 1963
and 1965 elections.
One of the most important
new' elauses permits the banks
to make National Housing act
and conventional mortgage'
loans up to 75. per cent, of
property value. Hopefully, this
will eventually bring more bank
Invest Securely
in a
61/4%
Guaranteed Trust
Certificate
] to 5 Years
Contact =P
John A. Cnrdno
SEAFORTH
Representing:
Huron & Erie
Stealing Trusts
Guaranty Trusts
Crown Trust Co.
of *Canada
Victoria and Gley,
"Tito Co.
money into the housing field.
The slow rate of home construc-
tion is today -regarded as one
of Canada's main social and
economical problems.
' But so as to prevent the pos-
sibility of any banks Obtaining
a stranglehold on the country's
economy, the. new Act restricts
a bank's holdings in any other
company to 10 per cent. of the
voting shares.
The Act also ensures that
there will be free competition
between the nationally charter-
ed banks and the "near -banks”
(particularly trust companies)
by barring any director of a
trust or loan company which ac-
cepts deposits from the public,
from being appointed a direc-
tor, of a 'bank:. -
One of the- most •eontrover,
sial clauses of the Act was the
one regarding foreign owner-
ship of Canadian banks. While
Finance Minister Sharp is
known 'to favor maximum com-
petition among Canadian, banks,
this does not apparently extend
to encouraging American barks
to compete in this country'
- Total ownership by non-resi-
dents will be limited -to 25 pen
cent. However, the Mercantile
Bank (bought from Dutch in-
terests by New )(York, bankers)
will be exempt from the clause
for five' years. This means, in
effect, the U.S. owners -of Mer-
cantile have five years in which
to make an orderly withdrawal
from Canadian banking:-,.,
Now that the Bank Act has
USBORNE & HIB -
BERT MUTUAL FIRE
INSURANCE
COMPANY
HEAD OFFICE - EXE'rER, Ont.
Directors:
Martin Feeney - R.R. 2, Dublin
President
Clayton . Calquhoun R.R. 1;
Vice -President . Science Hill.
Wm. H. Chaffe - R.R. 4, Mitchell
Tim Toohey R.R. 3, 'Lucan.-
Raymond• McCurdy - R.R. 1,
• Kirkton
Robert Gardiner - R.R. 1,
Cromarty,
Agents: -
Hugh Benninger - ' Dublin
Harry° Coates Exeter
Clayton Harris Mitchell
Secretary -Treasurer:
Hugh Patterson - - Exeter
Mr, and . JQn,y, .Mil
Karen, Shirley and 00rven,• v.
iter Sunday-^ th Xr, awl.', ?. .
Jack Borland and Jeffery', of.
Thames Road. • •
4.40 Mrs. Terry Daynartt;
Guelph, visited over the Week,
end with Rey, and Mrs, Day-:
-pard and Heather.
Mr. David Kenip, 1:IWO, visit
ed over the weekend with bis
Parents, Mr. and Mrs. Artjlur
Kemp and Eleanor.
Mr. 'and Mrs. Jolla • Texumite-
man visited Sunday evening
with Mr. and Mrs. Ajmer POS.
more, es
ey Thar,: Road;
Misses Judy Hysner,S; Monk -
ton and Kathy Fowler, Miteliell
were Monday evening guests of
Miss Viola .Pullman. .
-Misses Janet and Edna. Mil-
ler, London, spent the weekend
with. their parents, Mr. and Mrs.
Leslie Miller.
ri
been streamlined and moder-
nized, what will the 'basic ef-
fect be on the average Cana-
dian? It ' appears that banks
will a little more like regular
businesses, seeking out your
patronage just like the corner
grocer or the 'hardware store.
The effects should be good.
ALL TYPES
• ' INSURANCE
'
Donald 0._ Eaton
Office in -Masonic SIock
Main Street
Plume 527-1610 Seaforth
IN STR VARIETY
�' Th. fot* wflh .AIS * +'>Irl ki
iMPO TED ►�.• " "i .KTIt,*."' •w. "
HO1 1,AND Stvlx GR..00.ERIE$. ii* .;,001.0 EFA,` •
.S AFORTI, ONTARIO'
Ops. $27.1649 R i. 54.74423
Williann
FUEL E
Phone 527.0870
Seaforth'`'
INCOME . T
Did you file your return -on time? If not, DO
IT NOW. The penalty is light if .you are de-
layed but a few days, and .you escape court.
action and a possible severe fine.
Telephone 527-1250 for appointment.
Cars at Tremendous . Discounts
Our BIG SALE Continues
1966 CHEV. '8' IMPALA
H.T., A,T°,. P.S., Radio — Lic. E89846
1965 CHEV. IMPALA Hardtop
A.T., Radio, Lic. E90661 •-
1964 PONTIAC "8" SEDAN
A.T., R., Lie. E90735
1965 CHEV. SEDAN
A. T. — tie: H26952
1963 GHEV. 'BELAIRE
A.T. and R. - Lic. 472-15H
1963 OLDS SEDAN
Low Mileage, A.T.; P.S. & P.B.—E89.842
1962 PONTIAC SEDAN
A.T. — Lic. E90664 -
-1963 MORRIS 1100 SEDAN
Low Milegage, Lic. E90733 '
1962 Mercury -Meteor Coach
A.T., and R. — Lic. H3-107
1962 OLDS .SEDAN
A.T„ P.S., and P.B., R. -- .Lic. E90660
1962 CHEV. SEDAN
A.T. — Lic. E90738.
1962 FORD GALAXIE SEDAN
A.T., R., P.B., Lic. E90734
' 1962 CHEV. SEDAN
Lic. E90288 -
1961 RENAULT SEDAN
Lic. 672.073
1965 4 GMC 1/2 -TON ?ICE -UP
Low Milegage — Lic. 48878C
MANY 1961 and 1962 CHEVS and PONTIACS.
eaforth, ot or. s,
- r
Phone 527,750 1� :: - Seaforth.
LOT OPEN- EVENINGS TO 9:00
Grout beans without .weeds
PATO RA N so w
"'PRE -EMERGENCE WEED KILLER .
Kills broadleaf and grassy weeds
in soybeans, 'white;'dry 'or .
field beans, snap or bush beans
Get easy, effective weed control with PATORAN
❑ apply immediately after plariting beans (1%" to 2" deep).
El spray entire field or band to reduce 'costly /3. •
❑ micronized -for easy mixing, trouble-free spraying.
No soil incorporation needed. -
❑ enters weeds through roots—gives 6 to 8 weeks control.
Ask your Green Cross Dealer
for PATORAN 50 W. .
tfield-tested across Canada for four years
DiVisioil' o/
D THE SHERWFN-WILLIAMS CO. OF CANADA LTD.
C I RODUCTS Montreal • Woodstock, N.B.. Toronto • Winnipeg • Calgary • Edmonton • Vancouver
GREEN •-C-ROSS PRODUCTS AVAILABLE AT
SEAFORTH
FARMERS
Phone -527-0770
Seaforth
OPNOTCH
TOPNOTCH FEEDS LIMITED
5274910
• Seatorrti
IS
b