Lake Scugog Historical Society Historic Digital Newspaper Collection

Port Perry Star (1907-), 23 Aug 1934, p. 5

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if EN oh ! 1 ~ a. re - y 8 - five per cent. per annum. PORT PERRY, ONTARIO, THURSDAY, AUGUST 28, 1934 Page Five -- Be, eee " THE CHOICE OF GOOD MEATS IS EASY IF YOU BUY -- FROM -- ~ BERT MacGREGOR att Agricultural Laws "(Continued from back page) tion of the farmer's affairs, based upon the present and prospective capabili- ties of the farmer to pay and the pro- ductive value of his farm. Power is given to the Board of Review to con- firm its own proposals and make the same binding upon both the farmer and his* creditors, even though they are not consenting parties thereto. The Board of Review may refuse to make any proposal in any case where it is found impossible to work out an arrangement considered fair to both the farmer and his creditors. 'After a proposal has been approved -and confirmed by the Court or a Board of Review, the failure on the part of the farmer to carry out the terms of the, proposal constitutes an act of "bankruptcy unless in the opinion of the Court to whom the application for a Receiver is made, the failure to carry * but the terms of the proposal was due to causes beyond the farmer's control. For the purposes of this act a "Farmer" is defined as "a person whose principal occupation consists of farming or the tilling of the soil." The provisions of the Act do not be: come effective in any province until : proclaimed by the Governor-in-Council to be in force in.such Province. ~The Act contains a further provision "that wherever the rate of interest on a "farm mortgage exceeds seven per cent. - per annum .the mortgagor may tender principal and interest, together with - three months further interest in lieu of notice, and' thereafter no interest shall be payable or recoverable in re- spect'to the said mortgage in excess of This pro- vision came into force with the passing of the Act. Bill 53--An Act to Amend the Canada Grain Act. . The changes in this Act place the statutory grades of No. 2 Manitoba Northern wheat on the same basis as No. 1 Manitoba Hard and No. 1 Mani- toba Northern' insofar as milling quality is concerned, and also im- powers the Western Standard Commit- tee to deal with the different varieties of grain which may be developed from time to time, so that they may be graded to the best marketing advan- tage without interfering with the quality of our main standard grades. Bill 98--AN ACT TO AMEND THE CANADIAN FARM LOAN ACT Amendments to the Canadian Farm Loan Act passed at the last session of Parliament are designed to provide through the agéney of the Canadian Farm Loan Board, increased credit facilities to farmers. Under the original Farm Loan Act the Board is empowered to loan money to farmers on first mortgage security up to a maximum of 650 per cent. of the appraised value of land plus 20 per cent. of the value of the buildings situate thereon. In practise this has meant a maximum of between 40 per cent. and 50 per cent. of the farm value. The amendments to the Act make provision enabling the Board to make additional advances to farmers obtain- ing first mortgage loans, The addi- tional advances are to be secured by a "second mortgage on the farm land and-a charge on the borrower's per- gonal property. Advances on second "mortgage security and on personal property may be made up to half the amount of the first mortgage advance but the' maximum of the combined first and second mortgage advances not exceed two-thirds of the appraised value of the land and buildings taken as security for loan, y First mortgage loans' will continue to be repayable on an amortization plan in equal consecutive annual in- stalments over a long period of years. Second mortgage loans will be -re- payable over a six year period and will carry interest at the rate notiex- ceeding the interest 'rate charged on first' mortgage loans by more than 'one per cent. Further provision is made designed to enable farmers who have made ap- proved compositions with their credi- tors under the provisions of the "Far- mers' Creditors Arrangement Act" to obtain credit through the agency of their mortgage to finance their farm- ing operations in the period of time signed to enable the Board to market immediately following the date of their approved composition, In any case where such approved composition has been made the Board has the power to make advances to any mort- gagee holding a first mortgage on the farm property of the farmer debtor up to an amount not exceeding a quarter of the principal outstanding on the said mortgage. The proceeds of the loan thus made will be expended by the mortgagee in financing the opera- tions of the farmer debtor. These loans are made on the security of an assignment by the mortgagee of the mortgage held by him on the farm and are repayable within a period of | one year from date of advance. The mortgagees to whom advances of this naturé may be made are defined by the Act to mean any Loan, Trust or Insurance Company incorporated un. der Dominion or Provincial laws and may be extended to include such other corporations or persons or classes, of corporatlons or persons as may be designed by the Governor-in-Council. In the amendents to the Act provi- sion has also been made for the guarantee by the Government of Canada of the bonds of the Board up to an amount of $40,000,000. The rate of interest charged by the Board to its borrowers is based on the rate which the Board itself is required to pay for funds borrowed by it for loaning purposes on the security of its). bonds. The provision for Government guarantee of the Board's bonds is de- these bonds at a low rate of interest. These amended 'statutes haw been |. officially proclaimed. ~ FARM EQUIPMENT DESTROYED BY FIRE Damage conservatively estimated at $5000 was caused on Monday when a gasoline explosion set fire to the barn of W. J. Stonehouse, 8rd concession of West Whitby, completely destroying the barn, a threshing outfit, an ex- pensive automobile and hundreds of dollars' worth of machinery. The Oshawa Fire Department were on the scene for almost three hours,' and saved the house, which is located about twenty yards from the barn. Water was obtained from two wells and a cistern in fighting the blaze. The gasoline explosion occurred in one of the tanks that was stored in the large barn. The flames attracted hundreds from the city of Oshawa. Mr. Stonehouse is the thresher for the district. The loss is covered by in-|- surance, _ ADVERTISE! ADVERTISE! ADVERTISE! "In the Port Perry Star. Port Perry Dominion Store SPECIALS FOR THIS WEEK-END Men's Cottonade Pants, real good bargain. Only 99c. Good Work Shirts, double shoulders. Only 69c. Men's Good Work Socks, a real bar- gain at 2 pairs for 46c. Men's Summer Combinations, briggan. Only b9e. Ladies' "Angle Skin" Princess Slips. Special at 99c. Ladies' 'Silk Bloomers and Vests. To clear 'at only 39c. each, Ladies' Silk Stockings. regular 389c. pair. Special at 3 pairs for 86c. Many more bargains are waiting in our store. Come and see for your- self, We also pay top prices for fowl, wool, feathers, horse-hair and other farm produce. { Double frame house for sale. information apply A. Gilboord. bal- For We have a good supply of FRUIT at reasonable prices. Phone 177 Port Perry [4 HERE'S more to Pontiac than smooth, airstream styling! The lines of the car indicate speed and power. The car itself fulfils this promise. For Pontiac 84 H.P. STRAIGHT EIGHT ENGINE ENCLOSED KNEE-ACTION oot. IMPROVED NO-DRAFT VENTILATION STEEL-CABLE BENDIX BRAKES DISTINCTIVE AIR-STREAM STYLING BIG, ROOMY FISHER BODIES GENUINE OPERATING ECONOMY is the easiest-riding, easiest-to-operate Straight Eight at the price. It's the only car in its field to give you all the impor- * tant features listed here. More than that, 'Pontiac is a true General Motors value ; Tian. ba ... a wise investment that will pay richly in long, satisfying, economical service. Try out a model! Compare the ride with that of any other car. We are per- fectly content to let Pontiac speak for itself . . . you can't get a better buy for the money! * SCIENTIFICALLY BALANCED EXTRA WEIGHT MULTI-BEAM HEADLIGHTS CROSS-FLOW RADIATOR Prices of Pontiac cars, delivered at factory, Oshawa, Ont., fully equipped (Freight and Govern- ment license only extra) begin at $lo3l Easy GMAC Terms SWAY STABILIZER ~ 990000000000 SYNCRO-MESH TRANS!!ISSION A GENERAL MOTORS VALUE PRODUCED IN CANADA "H. R. ARCHER MOTOR SALES (4 SAFE OVEN OPEN THAT BURNING HOT OVEN AND, AS THE PICTURE SHOWS, THE PAN MOVES OU TC YOU... AND, FOR ROASTERS, THE LID RISES AUTOMATICALLY, POOD CAN THUS BE INSPECTED OR | |. TAKEN OUT SAFELY WITHOUT FEAR OF BURNING YOURSELF ... CAN IT BE DONE? \. Do you think thls Idea Is practical? Write Hay Gross In care of this newspaper [3 AR THE PORT PERRY S SUBSCRIPTIONS TAKEN for magazines, periodicals, newspaners, at C3 Jo 'The FIRESIDE, PHILOSOPHER' By ALFRED BIGGS "Those who say a lot don't always know a lot. ' * LJ [J Before taking offense, be sure that 't was Intended. + oo A nation's true wealth lies in the char acter of its citizens. [ LJ * One needs a lot v" strength to overcome his own weakness. . . L Crime, the result of mental disorder, is rarely cured in prison, LJ . LJ] Man 18 about the only animal that tlc- kles its palate with seasoned food. MYRTLE Miss Helen Claughton, of Lindsay, was holidaying with Miss Reva Cooper and other friends here last week. Mr. Elgin Doidge, of Toronto, is visiting his aunt Mrs. Frank Booth. The Faithful Workers' Class held their annual picni¢ and outing on the shores of Lake Scugog last week and had a most delightful time. The 26 who were present spared no trouble to give each other a good time. On their way home they dropped in to call on a former member of the class and in- cidentally presented her with a pyrex pie plate and a fancy cake plate. Mrs. Victor Hudgins and little daughter, of Toronto, spent last week with Mrs. Hattie Hudgins. Hurrah! for our softball boys who were successful in winning from the Blackstock boys in an unusually well played game here on Friday night, the score being 7-6. -- CJ So - ra a =. ae one --_.., dle ~ro i55§H F. W. BROCK & SO "The RED & WHITE Store SUGAR, $5.59 per Cwt. Redpath Sugar, medium granulated. VINEGAR Pickling Vinegar, white wine or blended, 40c. per gallon. Heintz White Pickling Vinegar, per gallon 59c. Campbell's Tomato Soup, 3 for 25c¢. Sugar Crisp Cornflakes, 2 for 13c. RED AND WHITE COFFEE, I's ............ per 1b, 39c. RED AND WHITE TEA, I's ................ per 1b. H4c. § PLUPPOD ...ciiivincarsnnnsnsnines tadnss sun per Ib llc. ~OXYDOL, large .............. si awei haus per pkg. 23c. FANCY PINK SALMON, tall tin ................... 12¢. HAWES' LEMON OIL, 1202. .............. per bottle 23c. 2in 1 POLISH ieee 2 for 2lec. BENSON'S CORN STARCH .................. 2 for 2lc. FALCON SWEET MIXED PICKLES............ jar 25c. WHIZ TOILET FLUSH .................... per tin 19c. CROSSE & BLACKWELL CUP DRINKS, ...... bottle 27c. GOLD MEDAL HEALTH SALTS ............ per tin l4c. KOLONA COFFEE, I's... inn per 1b. 29c. BULK COCOA ..... iii 2 Ibs. for 25c, SUGAR, White or Yellow ................ 5 Ibs for 29c. PEANUT BUTTER, large jar ...........ccooovee... 25¢. PARKES' CATSUP FLAVOR, per pkg. ............. 35¢. PAROWAYX oie ea per pkg. 12c. MIXED PICKLING SPICE ............... 13 1b. for ldec. PEANUTS of vrgiianunossoss sansns snmunes per Ib. 14c. -BIG FIVE CLEANSER . ..................... per tin 5c. LILY CHICKEN HADDIE .................. per tin ldc. MARSHMALLOWS... ....... inn per pkg. 10c. EPSOM SALTS, 80z. ........ciiviiiinnnn per pkg. 10c. RED AND WHITE EXTRACTS ....... yah 2 for 17c. PEARL WHITE SOAP ............... Pets hee 3 for llc. LADY GODIVA SOAP... 4 for 19c. DRYGOODS During the balance of this.month we put hn sale all - - SUMMER DRESSES, WAISTS and WHITE SHOES. LADIES' WHITE SHOES AT BIG REDUCTIONS Reg. $2.75 and $2.95 lines in sizes 3% to 6. Clearing at $1.98 LADIES' CELENESE DRESSES Light Colours. Sizes 34 to 44. Regular prices $2.25 to $2.95. Clearing at $1.98. LADIES' VOILE DRESSES in assorted colours. Regular $1.98 for $1.49. LADIES ORGANDY and VOILE BLOUSES All light colours. Sizes 34, 36, 38. © Regular $1.39 to $1.65 Clearing at 98c,. : Te | ¥ . | Phone 43, Port Perry OT ESOC TMS SAE HT SN TO CII SH HEY IARI TS FALL TERM Peterboro Business College Opens Tuesday, September 4th. Our office is open every day. Parents and young people are invited to call for personal interview--this is advisable as we can go thoroughly into all matters pertaining to our courses. : Better business conditions mean that it pays to get your training NOW. Thirty students placed-in-the past three months. Call or Write for Particulars. P. A. Gilroy, Principal. J. A. McKone, President FINAL STEAMER EXCURSION OF THE SEASON Cobourg to Rochester, N.Y. WEDN ESDAY, AUGUST 29th Only $1.25 Return CHILDREN 65 CENTS GOING Schedule--Standard Time RETURNING Leave Cobourg ........ 8.00 a.m. Lv. Rochester ..... ..:.5.45 p.m. Arr. Rochester ........ 1.45 p.m. Arr. Cobourg ......... 11.30 p.m. BXCuiLES) ORCHESTRA ,ON BOARD FOR DANCING Low I'rices for meals on steamer--Breakfast 50c. Lunch and Dinner 75c. each. Also Lunch Counter Service. Ample free motor parking space at steamer dock at Cobourg. PURCHASE TICKETS FROM LOCAL CANADIAN NATIONAL AGENTS OR AT STEAMER ONTARIO CAR FERRY COMPANY Cobourg-Rochester Steamship Route When you wish to sell anything-- ADVERTISE in the Port Perry Star AE A yw .W SAAN Ye Ae aa a -- oa HA pry Ar Ee SPER LIN TS » - of ' : adn dan 22s > 2 Z AEG Yoo po 3 SERS

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