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Average tax hike $70 (From page 1) idea of having represen- tatives attend a local council meeting, but de- . cided instead simply to send a letter to the Board expressing con- cern over the level of tax increase. This is the second year in a row that Scu- gog councillors have expressed concern over the School Board budget and its impact on prop- erty owners in the Township. The Durham Public Board of 'Education approved its 1983 budget more than a week ago calling for a total expen- diture of $143,052,174, a $17.1 million increase (or 13.6 per cent) over 1982. The local budget app- roved by Township council Monday night calls for a total expen- diture of $1,562,499, a six per cent increase over the previous year. Durham Region kept its net increase to an average 4.8 per cent this year, but Scugog is pay- ing more because of the factoring formula (see story on the Regional budget). Much of the work on the local budget had been done over the past two or three months with councillors gen- erally feeling the budget was a good one without much fat on it. Councillor John Wol- ters suggested that a further attempt be made Monday evening to trim one per cent from the increase, but other members felt that doing this could leave it too thin and result in a deficit position at the end of the year. The following is a list of the new mill rates struck by council Mon- day evening. For local govern- ment: 72.5 residential and 85.3 commercial. For Regional govern- ment: 55.6 residential and 65.4 commercial. For elementary schools: 83.9 residential and 98.7 commercial. For secondary schools: 70.3 residential and 82.7 commercial. Royal Bank wants alternative to the 1934 Farm Creditor Act The Royal Bank. of Canada has proposed in- dependent farmer review panels, special government loan guarantees and a direct federal government loan program for farmers in . financial difficulty as alternatives to reactiva- tion of the 1934 Farmer's Credifbrs Arrangement Act. A brief submitted April 27 to the House of Com- mons sub-committee conducting hearings on bill C-653 stated that the bank's proposals could provide additional recovery options for NCOOO0CICOII0) 5e5252525¢52525¢ Seas e5e52525¢5¢ THURS., MAY 4th 9:30 a.m. - 9:00 p.m. with the purchase of 5 Parley Tapestry Yarns farmers -whose- current cash flow cannot meet their commitments. Bil C-653 which would essentially reactivate the 1934 legislation, would empower the courts to force lenders, including supplies, who extend credit to rearrange financing -or--write off debt for farmers. But the bank said the bill could encourage irresponsible farm financial manage- ment and ultimately drive lenders out of the agricultural market. The bill could have a highly detrimental im- pact on Canadian 12525¢ 525 52525262525 q \ 50% OFF MARKED PRICE NEEDLEPOINT SAMPLERS - FREE! Eg : 4 i MACRAME PATTERNS ° & RELATED ACCESSORIES Port r Needlecraft 108 Water St., Port pon; 985-7027 -- MIXED COLOURS OF PERSIAN YARNS oe --_-- CCC 3 3 ICICICICICC 5¢52525252525252525252525252525¢ 2525252 IC lop] 52525252525252525 ------------------------ -- =A h Ne SCUGOG BOOK EXCHANGE GET YOUR SUMMER READING! BUY - SELL - TRADE Used Paperbacks - Comics Magazines - Jigsaw Puzzles NEW SUMMER HOURS: -- Now Open Friday Evenings till 9 P.M. Monday to Thursday - 10 a.m. to 5 p.m. Friday 10 a.m. to 9 p.m. Saturday 9:30 a.m. to 5:00 p.m. SCUGOG BOOK EXCHANGE 175 Perry Street - Port Perry 985-8645 (r agriculture; perhaps more so than any legisla- tion introduced in the past 50 years, said the bank. The interests of the 95 per cent of farmers not requiring the type of assistance in Bill C -653 should not be sacrificed to meet the short-run needs of the remaining five per cent. "No one, least of all the Royal Bank of Canada, likes to see anyone lose his farm," the brief stated. '"'But legislation involving hundreds of thousands of Canadians across this country can- not be based on the ex- ceptions -- the small minority. It must first and foremost be in the in- i terests of the majority." majority." As an alternative to the bill the Royal recommends: * Federally-appointed non-partisan farmer review panels in each province that would be responsible for providing independent assessment of each problem loan situation and recommen- ding appropriate action when requested by the farmer or lender. © * Special loan guarantees by the federal govern- ment covering additional loan advances for those farmers where the farmer review panel recommends continued support and the lender agrees to provide it. * A direct federal government loan pro- gram for use by the bor- _rower where the review panel has judged the operation to have the potential for future recovery but the lender is unwilling to continue support. In recommending the establishment of review panels, the Royal Bank said that while it current- ly has an exhaustive in- ternal review system with appropriate checks and balances, it would be willing to review pro- jected foreclosure cases with a panel of qualified, non-partisan farmers with a view to restructur- ing the operation to facilitate a turnaround. On the federal govern- ment loan guarantee recommendation, the Royal Bank said similar guarantees had been ap- plied from time to time by provincial agencies. Passage of Bill C-653 would almost certainly lead to a gradual reduc- tion in farm lending FRIED CHICKEN AND SEAFOOD with the purchase of a Bucket, | Barrel, Economy Box, Family Pak, or dinner at regular prices! -- PHONE AHEAD FOR FASTER SERVICE -- 'The Best of Both from Dixie Lee" 136 Water St., Port Perry 985-9009 TE Ran EE A ahead ri Rh biviingiisind su bariorb dando rreudy PORT PERRY STAR -- Tuesday, May 3, 1983 -- 7 SETTITIAN AA PAINT-U SPT aye Iu sill NTE pp @ : SPRINGTIME SAVINGS - ON FINE E GyAuYY GLIDDEN PRODUCTS >) FINE QUALITY LATEX PAINT pins | \ : ; X 3 on ! ; = 0 latex YOUR CHOICE LN paint } EXTERIOR A ALKYD NAL « - OA LATEX | j22 Vii SS rer?) NN -- - MOUSE PAINT 4 LITRES TT exremon = floor f PRICES IN EFFECT WHILE STOCKS LAST porn cher Roos oy enamé. 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