1964 Thureday, September 25, THE TRIBUNE, WILLIAMS LAKE, B.C. Page 3 LOCAL PARISH Religious Fund Chairman Named Bill Christie, Sr., has been ap- pointed local general chairman of the nation-wide building fund campaign for a new Canadian Redemptorist, Seminary, according to announce- ment by Father J. Boyle. Associate general chairman is Gerry Buckley. A volunteer group to assist in the canyass here includes Pat Hosey, Earl Brown, Tony Borkowski, Betn Getz, John Borkowski, Rodger Du- pont, Ernest Curling and George Steward. . The campaign is being conducted in all parishes throughout Canada where the Redemptorist Fathers are assigned. In Western “Canada the eampaign is under the co-ordination of Father B. Johnson, ‘The proposed new building in On- tario will contain 80 Seminarians’ rooms; faculty headquaters, lecture rooms, Chapel. brothers’ quarters and a 50,000 volume library.“It will replace a more than century-old col- lege building. OBITUARY BOTTERILL — Matthew Paxton, late of Clinton, passed away Septem- ber 14 in his 83rd year. Survived by his loving wife; two sons, John. Clin- ton and Fred, Kimberley; ters, Mrs. Irvine McDonald, Castle- gar; Mrs. Charles Payne. Clinton; 15 grandchildren, 10 great-grandchil- dren, Funeral services were conduct- ed September 17 in Vancouver, Rev. Keith Woollard officiating. two daugh- .-DANCING at Columbus Hall Every Satu VIC IMHOFF’S rday Night ORCHESTRA ‘Don't Be T Retiring after respected service Canada, Percy R. to Canadian trad ognize that, if members desire party, vote for-it on Mr. Bengough’s the American Fed any one political BRITISH COLUMBIA FEDERAT: To Any Political Kite!’ the Trades & Labor Congress of this, as part of his closing advice “Avoid becoming the tail on they know enough to tradition of Samuel Gompers and William Green, whose leadership of was always against being tied to apply as well to many organizations formed for non-partisan purposes. he Tail many years of as president of Bengough gave e unionists: ANY political kite and rec- our affiliated any political election day.” advice was in the” eration of Labor party. It could 1QN OF TRADE AND INDUSTRY? wintering cattle, Luyat, with the reference to ta secretary, The feed notes refer to wintering 200 head of cattle on a half ration of hay, supposing that the normal practice is to sell two year old steers or heifers. The number of each kind of cattie are assumed tobe a third each of the herd to be wintered. Actual num- circumstances of individual ranches. Grain required to supplement hay ration: 66 cows (5 Ib. day each) 330 Ibs. G6 yearlings (3 lb. day ea) 198 lbs. 66 calves (2 Ibs. day each) 132 Ibs Total per day 660 equals for 100 days 33 tons. Cost at unloading point at $50 per ton — $1650.00. Hauling costs to the ranch must be added to this. These will vary with distance, equipment available, etc., at 50c per loaded mile. With a 5 ton Jpad this would be 10c per ton mile ‘Or $330 for a 100 mile haul. Hence a 200 head herd can be win- tered on a half ration of hay with a grain supplement costing $1650 plus trucking costs to the ranch, making a total of say $2,000. The alternative would be to cut down the herd by half. This would mean in most cases selling all year- lings and half the calves. Returns from this are estimated as follows: 100 Mile News (held over) THE 100 Mile Women’s Institute met at the home of Mrs. S. Smele on September 9. Seven members and two visitors attended. Mrs. M. Lysak presided. Lunch was provided by Mrs. Findlay and Mrs. Wasstrom. A supplementary meeting will be held at the home of Mrs. Stroud on Sept. 16 to discuss various plans for com- munity work. MR. SMITH of 100 Mile has done Martell homes. GUS ANDERSON has painted the 98 Mile cabins and is now at Forest Grove painting for Gordon Qraham. MR. and MRS. PHILLIPS are having a new home built, across from the Oscienny home. MR. an MRS. LYSAK of Exeter, adn Mr. and Mrs. C. Case have had as Pitt Meadows. WE WERE SHOCKED at the tra- gic death of Mrs. Allsopp. Dorothy and Bryan. Mr. and M Allsopp resided at 100 Mile for a short while befor moving to Lac La Hache. T. WILSON has been appointed as field man by the Cattlemen’s As- sociation during the rush season. He will take over from Clinton to the "137 Mile. Mr. Wilson was field man here some years ago.° THE predator animal hunter has been here with his cougar hounds, hunting for the cougar which attack- ed one of the 105 Mile steers, but the scent was too old, so he returned empty handed to Kamloops. THE BEEF SHIPPERS this week so far are R. Abbs, who shipped a truckload of cattle to Swifts, New Westminster; G. Duke from Bradley Creek. with a tuckload of calves to the B.C. Livestock Association, Bridge Creek Estate shipped a car load of cattle via PGE to Pacific Meat, Marpole. they are presented (and for other den: last coupon became Government of Canada 54.BC-4 INTEREST WILL BE PAID. Ath VICTORY LOAN BONDS have been CALLED FOR PAYMENT OCTOBER Ist IF YOU HOLD Fourth Victory Loan 3% Bonds (issued May, 1943 to mature May, 1957) they should be presented for payment on or after October 1st through any branch bank in Canada. AFTER THIS DATE NO FURTHER Interest coupons due November Ist, 1954 and all coupons dated later than this must be attached to the bonds when Payment will be $101.26 for a $100 bond This payment includes $1.26 which is interest at 3% from May Ist to October 1st—the period since the for payment. jominations accordingly). payable. By: BANK OF CANADA, Fiscal Agent \ $8415.00. their guests Mr. and Mrs. Skelton of Figures On Grain Feeding and Comparison Of Income Tax{On Selling Methods Given For the benefit of ranchers in the area, we are printing below some notes on the use of grain as a supplement for prepared by District Agriculturist G. A. xation prepared by Julian Fry, B.C. Live Stock Producers Co-op. 66 yearlings average wt. as 600 ibs. at 14¢ Ib. feeders 33 calves, average wt. 400 Ibs at 15¢ w-- $1980.09 Additional 1954 income $7524.00 TAX PICTURE The additional income would be subject to income tax without benefit of deductions which have already been taken from the normal income for the year. In 1955 there would be very little income from the herd, made up of dry cows sold and replaced by heifers from the 195(4 calf crop and also 15- 16 yearling steers from the 1954 calf crop which would sell at feeder price, some calves could be sold also, fur- ther reducing the income of 1956 and 1957. by averaging income the rancher would recover some part of his 1954 income tax after filing his 1956 return. Income tax comes into the picture very definitely thus (1) Buying grain to carry whole herd. All costs including trucking to ranch are deductable from 1954 in- come. 1955 income will then be the proceeds from normal marketings. If the rancher elects to average his in- come over 5 years, as he may do. any loss in 1954 from large expenses, or any less than average profit can be applied against profits in other years. (2) Sell down to 100 head. All income from sale of cattle in 1954 will be taxable at the end of the year, except for animals included in the “basic herd” and listed as such, It is unlikely that a reduction of this type would include many of these. Suppose a normal income for a herd of 200 head based on 66 head sold yearly averaging 850 Ibs., at 15ce, the gross revenue would be Personal deductions of $2300 and operating expenses of $5000 would leave $1115 of taxable income. Under plan (1) of buying . $5544.00 @-paint job on the Jens, Kay andJsrain, additional operating costs of $2000 were incurred, so taxable in- come is reduced to-a loss of $885. Under plan (2) selling down, ad- ditional income of $7524.00 is re- ceived, there are no extra expenses to deduct, taxable income is $8639, tax on which at 1953 rates would be $2047.00. This would not be recover- able immediately, only later, to the extent that averaging over 5 years, would allow subsequent losses to be applied to it. Thus the income tax payable oa the cattle sold to reduce the herd would be slightly more than the cost of grain at $50.00 per ton, to carry the cattle over 100 days feeding. it should also be borne in mind that any money borrowed on the security of the cattle herd would be regarded by the lender as payable to him as soon as the herd is cut down. Plan (3) Sell down on all kinds. 36 cows average 1000 lbs: at 6c per Ib. ..... ---$2160:00 30 yearlings average 600 Ibs. at 14e per Ib. . .- 2520.00 30 calves:average 400 lbs. at 15¢ per lb, 1800.00 Add normal taxable income 1115.00 Tax $1726 on © $7595.00 Income in 1955 will be derived from not more than 18 steers and 10 yearling heifers. There could be 4% calves all 30 cows and 18 two year old heifers ecalve. In 1956. 8 more two year heifers taken into the herd should calve, but normal losses will keep the calf crop around are up to 18 steers to sell and as many of 2# yearling heifers as are not needed as replacements or to build up the cow herd. However during 1955 and '56 the 50. There , rancher will have to get by on in- come from sales of stock which will be below his normal receipts by far more than the $2000.00 which plan (1) would have cost him. He will find that breeding stock of a satisfactory quality are not to be easily found, his expenses will be very little reduced, if at all. The additional $6900.00, less tax of $1726.00, which he received in 1954. if he can hang onto it, will be of some help in these two following years. Basis herd if already established, will assist to the extent that any re- duction in the basic herd numbers would be tax free, hut only so far as basic numbers are actually reduced. A firm of accountants, with’ con- siderable business in ranch accounts, has informed the writer that those of their clients who have maintained normal production in difficult times rather than selling down ‘below the number of stock required from pro- fitable operation have been more successful than those who sold thel stock off. Variations in the prices of grain and cattle will change the actual figures in the examples given above. However the comparisons will re- main true. The examples and discussion given on these pages are intended as a help for those who have little hay for the coming winter, and who may find it | aimicult to decide on what course to follow. mported and bk UR « which d by the Liquor This is no! Control Board or by the Government of British Columbia - Felix Kohnke -- Se NS WRESTLING! ELHKS TWO BIG NIGHTS HALL Felix Kohnke Tuesday, Cctober 5 Bill Kohnke vs Buddy Knox 1 Hour Match or 3 out of 3 Falls 1 Hour Match or 3 out of 3 Falls (Former Masked Marvel) vs Bud Rudel Bill Kohnke 20 Minutes Felix Kohnke vs Buddy Knox 20 Minutes or 1 Fall TAG TEAM MATCH Kohnke Brothers vs Knox & Rudel 1 Hour Match or 3 out of 3 Falls Wednesday, October 6 vs Bud Rudel ov 1 Fall Fight Program starts 8:30 p.m. both nights Ringside, $1.50; Students, 6Oc; Rush, $1.25