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Report From Parliament By Michael Starr, M.P. Sept. 21/64 The Farm Improvement Loans Act was amended to increase the loan maximum from $7,600 to $15,000. This is the maximum amount for any loan that may be made under the Act to a borrower, together with any amount owing in respect of Grant MacDonald, President. ANNUAL MEETING PORT PERRY CHAPTER Ontario Heart Foundation The annual meeting of the Port Perry Chapter of the Ontario Heart Foundation will be held in the Municipal Building on WEDNESDAY OCTOBER 14, 1964 at 8 p.m. Everyone is invited to attend and share in the Community Programme of the Port Perry Chapter, the Ontario Heart Foundation. Yvonne Christie, Secretary. other guaranteed farm improve- ment loans. The Act also provides that the maximum aggregate a- mount of loans that may be made under the Government guarantee during the current three year lending period, which expires at the end of next June, would be raised from $400 mil- lion to $500 million. There also would be added a new lending period, from July 1, 1965 to June 30, 1968. During this period, the government guaran- tee would apply to an aggregate maximum volume of guaranteed loans of $700 million. The Government guarantees each bank making a loan against loss up to 10 percent of the farm improvement loan dur- ing a lending period. During the period of opera- tions under the act, technolo- gical advance and the mechani- zation of farms have been a do- minant feature of Canadian farming. Farm improvement loans have played an important role in facilitating those devel- opments, Although loans under the Act are made for a wide range of farm improvement PORT PERRY STAR, THURSDAY, OCTOBER 1st, 1964 -- 7 projects ,they have always been used quite predominantly to help finance the purchase of machinery and equipment. In recent years about three out of every four dollars borrowed un- der the Act have been used for the purchase of machinery and equipment, There has also been over the years, along with an increase in the avergae size of farming operations, a trend toward the use of heavier and more expen- sive machinery and equipment. All this has reflected in the size of individual credit needs which have been met under the provinsions of the Act, and the maximum permitted under the Act to an individual farmer has been raised from time to time. While a maximum of $3,000, established originally in 1945, served the purposes of the Act for many years, this was raised to $4,000 in 1953 and again to $5,000 in 1956. The present maximum of $7,500 has been in effect since 1959. There tas been evidence re- cently that the maximum was 'THE ELEGANT NEW FORD GALAXIE 600 LTD 4-DOOR HARDTOP This is the new""LTD"...the most elegant FORD of all! 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Manchester Those atending church on Sunday morning enjoyed the fine Rally Day Service. Rev. Mr. Gilbert was assisted by S. S. Supt. Mr. Wesley Johnston and a junior choir of fourteen in their choir gowns sang an anthem with Mrs. Steer at the piano, A reading book for the year was presented to each pupil of every grade and study books provided for the teachers, The annual bazaar held last Wednesday was most satisfac- tory. Over two hundred dollars was realized and there is still some money to be received. On Thursday afternoon, Oct. 1st the U.C.W. will meet at the home of Mrs, Marion Cawker. All ladies of the community are cordially invited to attend. Miss Muriel Lamb of King- ston was with her parents over the week-end. Miss Eunice Roach, Toronto, was at her home here for the week-end. Congratulations to Mr. Keith Dyke who won the Oshawa Le- gion 50-50 draw last week. 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