Lake Scugog Historical Society Historic Digital Newspaper Collection

Port Perry Star, 15 Apr 1986, p. 21

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a ---- eg TE eT IT orate Teo Commodity-based mortgages OFA rejects fed. proposal h ntario Federation of Agriculture's board of directors, in its monthly meeting, unanimously rejected a federal plan for com- modity price-based mortgages. "'Michael Wilson's budget speech WEDDING INVITATIONS and Accessories PORT PERRY STAR 235 Queen Street Port Perry 985-7383 oNE D AY FRIED CHICKEN Cowboy Bob Switzer says ... The CAR TRUCK for You Hwy. 7A & Water Street 985-2368 1368 Water 8t., Port Perry 985-8009 py announcement led farmers and con- sumers to believe that farmers now have access to 6 per cent money. This was out-and out misrepresen- tation on the part of the federal government. The fine print tells the real story," said Harry Pelissero, OFA president. The House was not told -- as budget papers released later revealed -- that farmers would have to actually take on a mortgage at 14 3/8 percent (2 per cent higher than the current rate for FCC loans). < SS AT REGULAR PRICE GET SECOND FREE! THURSDAY APRIL 17th AT PARTICIPATING DIXIE LEE LOCATIONS ONLY SPRING IS JUST AROUND THE CORNER AND WE'RE CELEBRATING WITH OUR SEMI. ANNUAL 2 for 1 SNACK SALE! FOR ONE DAY ONLY - YOU CAN BUY ONE 2Pc SNACK (2 Pcs of Chicken & FRIES) AND GET SECOND FREE CELEBRATE SPRING WITH US "Rather than giving interest rate assistance to farmers, this program actually charges a 2 per cent penal- "ty to enroll in it," commented Pelissero. While the mortgage is registered at 14 3/8 per cent, a 'side agree- ment" will allow FCC to fix the in- terest rate at 6-9 per cent, tying the principal due to commodity price fluctuations. Government budget papers stated that given a moderate price in- crease in commodities, the program would not be any more or less ex- pensive than conventional financ- ing. Pelissero said he interprets this to mean that the program would not cost the government any money. "In fact, with the 2 per cent sur- charge, it could actually make money for the government." The OFA board of directors pass- ed a resolution to 'demand that the federal minister of Agriculture and the FCC develop a program which truly reflects a legitimate loan pro- gram and restructured mortgage program, using the $700 million outlined in the budget, as promised in the past years, with affordable in- terest rates." COLD STORAGE COLD STORAGE CLEANING ALTERATIONS REMODELLING APPRAISALS INSURANCE FREE PICK-UP IN PORT PERRY ON SATURDAY, APRIL 19/86. Call to arrange appointment. CRandolph's 282 KING ST. W., OSHAWA 571-2101 ON ABOVE GROUND POOLS DIRECT FROM OUR WAREHOUSE 18" ROUND - Only '1,171% 24' ROUND - Look! .... '1,338% ho 51,4847 Sale Ends April 30, 1986 843 King Street West Oshawa, Ontario CALL: (416) 433-0055 PORT PERRY STAR -- Tuesday, April 15, 1986 -- 21 & 1 ) Public speaking These three smiling ladies were winners at the Royal Cana- dian Legion Zone F1 Public Speaking finals held in Ajax, March 23rd. Anita Bowness of Port Perry placed first in Grades 7 to 8 category; Laura Phoenix of Port Perry placed third in the Grades 4, 5, and 6 category; and Alicia Boutilier of Port Perry placed third in the Grades 11, 12 and 13 category. Congratulations! We feature Venetian, Vernical & Pleateg = Blinds by LEVOLOR. 900 SPRING SPECIAL 30% OFF March 25 - May 24 IN~HOME€ SERVICE 900 Tor a Free €sTIMATE please call : Carol Bells 473-6741 Rita Connell 852-7659 DAYS & €VENINGS SMITH-CORONA TYPEWRITERS Manual or Electric Ribbons for most makes. PORT PERRY STAR 235 Queen Street 985-7383 | STATIONERY Plain and Printed. Business/Personal PORT PERRY STAR + 235 Queen Street 985-7383 CRAFT SHOP featuring quilts, baby items, greeting cards, pine accessories, a Christmas Corner, antiques and many other items. 1/2 MILE EAST OF THE 4 CORNERS IN CAESAREA | Be caring c Aid Centre ¢f Port Perry Or E Mueller's Office 24 Water St S| Plaza. Port Perry. Ontario LOB INO 986-4833 Dennis J Hogan ann Hearing Ag Consultant 985-3003 985-9192 Patrick G. Deegan DENTURE THERAPY CLINIC | 305 Queen Street -- Port Perry BY APPOINTMENT ONLY! Phone: 985-2916 or 623-4473 couiecr)

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