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Pilot program aimed to help beef producers A two-year pilot program designed to facilitate the financ- ing of Ontario's feeder cattle in- dustry was announced Nov. 19 by Ontario Minister of Agriculture and Food Elmer Buchanan & Ont. Cattlemen's Association Presi- dent David Whittington. The Ontario Feeder Cattle Loan Guarantee Program enables cat- tle feeders to work co-operatively to finance the purchase of their cattle. . Twenty or more cattlemen may form a feeder finance association, under the Cooperative Corpora- tions Act, for the purpose of negotiating cattle loans. The association, which retains owner- ship of the cattle, may be able to 'negotiate a preferential interest rate since it will apply for one 'large loan, as opposed to several smaller loans. "This program will greatly enhance the flexibility and availability of credit for Ontario cattle feeders. As a result, it will help increase the competitiveness COMPARE THE RATE! 165 QUEEN ST., PORT PERRY | 985-8435 STANDARD TRUST rs Member- - Canada Insurance Deposit Corporation of Ontario's cattle feeding in- dustry," Buchanan said. The program is a co-operative effort between the ministry, the Ontario Cattlemen's Association and the Ontario Agricultural Committee of the Canadian Bankers' Association. "The Ontario Feeder Cattle Loan Guarantee Program is one of the planks Ontario cattle feeders can use to strengthen the cattle feeding business in Ontario. It will provide an alternative source of credit by working with a traditional lender but through a producer controlled co- operative," said Douglas Gear, a member of OCA's executive com- mittee and chairman of the sub- committee which developed the feeder loan guarantee project proposal. The ministry will provide a 25 percent government guarantee on association loans. It will also pro- vide each association with a start- up grant of $10,000 to help defray initial costs. "We think the program will have application for many cat- tlemen. As we move into the operational phase of the project we hope the spirit of co-operation can continue,"' Gear said. Contractor loses big A Toronto contractor work- ing at a new home on Durham Road 6 lost about $40,000 in tools and equipment when his truck was stolen last week. Regional Police say the GMC one-ton truck belonging to Frank Ruggio was stolen last Thursday morning. The vehicle was recovered " un-damaged later that after- noon in Sunderland, but all his tools and equipment were miss- ing. Police said the loss includ- ed several heavy power sanders and planers, along with numer- ous hand-tools. LUKE'S COUNTRY STORE 207 Queen Street - Port Perry - 985-3011 um annual KIDS DAY SUNDAY, DECEMBER 9th i0 AM to 1 PM Christmas Shopping for Kids Only! (up to 14 years of age) ADULT SHOPPING from 1to 5 PM WE PAY THE SALES TAX" (*by refunding an amount equal to the Sales Tax.) Port Perry Store Only FREE GIFT WRAPPING & CHRISTMAS TREATS The Millar Lights are working hard for their up-coming production of the musical ver- sion of Dickens timeless classic "A Christmas Carol." There will be four performances at Town Hall 1873 the evenings of December 13, 14, and 15 and a matinee on Dec. 15. Some of the cast took time out from rehearsal Saturday for this photo. At front centre are Katie Burns as Tiny Tim; Kingsley Malcolm as Bob Cratchett and Vanessa Mumford as the ghost of Christmas Past. At left is Mike Smith in the role of Scrooge; Jamie Irvine in the role as the ghost of Jacob Marley; and Brad Goreski as Fezziwig. Tickets are now on sale at Irwin Smith Music in Port Perry. "A Christmas Carol" is musical entertainment for the whole family at this festive time of the year. IAMABGIES by Gold 'N Glow Inc. 261 Queen St. - Port Perry, Ontario - 985-3040 2 3% CHRISTMAS SAVINGS ~ 4- 25% OFF all PANTS PLEASE RECYCLE THIS PAPER om =m mm wm ny - (excluding denim) (offer expires Dec. 1/90) / \ MAPLE STREET by Mitch Keirstead ": FRAMER'S GALLERY 233 Queen St., Port Perry o (416) 985-2543