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Show Page 2 Flico Corp. Published weekly in Salt Lake City, Utah by Utah Scene Publishing Co., 4386 W. 3780 South, Granger, Utah 84120. Mailing address: P.O. Box 19243, Salt Lake City. Utah 841 19. (Continued from Page best knowledge of the publisher. Information and opinions published are the sole responsibility of the publisher and do not reflect the attitudes or opinions of the merchants, brokers, corporations and service firms who advertise herein or otherwise sponsor this publication. According to a 1965 UJS. Geological Survey report, this Nevada gold belt could prove to be one of the largest gold ore bodies in the world. It is believed this gold deposit runs for approximately 100 miles in this area. Development work on the property is expected to start in the near future, Mr. Anderson said. Anderson said this is Flicos Subscriptions $10 per year 25 Cents a copy Advertising rates: Display Advertising Classified Advertising Phone: $2 col. inch ....$2 for 20 words 298-240- 3 Editor & Publisher. Assistant to Publisher Director of Advertising. or 298-370- 3 Chuck Hayward Enid J. Hayvrard Hal Funk first venture into mining, The Casper (Wyoming) Chamber of Commerce has joined the fight against the proposed cut in the oil and gas depletion allowance, by issuing a statement pointing out the adverse effects the cut would have on Wyomings . he stressed that the companys management has considerable expertise in the although JOHNNY BOX', a new concept for human waste disposal is shown by its inventor, Geeorge Anderson, president of Flico Corp. The company, which recently entered the minerals extraction business, is negotiating for worldwide distribution of the cremating toilet. GAS-FIRE- D EDITORIAL 1) Newmont Mining Corp. Carlin Mine which is the second largest producer of gold in the U.S. Serving the mining and oil industries of the Rocky Mountain Region. Articles and information contained herein are true and factual to the economy. September 15, 1969 OIL & MINING JOURNAL The statement pointed out the half the taxes and other income from oil and gas production on state land goes to the states Common School Land Income Fund, a supporting fund of Wyomings Foundation Program. It added that the states Permanent Land Fund received over 97 per cent of its income form royalties. Any decrease in the depletion allowance would effectively decrease public lands under lease and exploration and associated production thereon, which as a consequence would couse lesser rents and royalties to the federal government and therefore smaller federal royalty returns to the states involved, the statement said. Aside from tax income considerations, the depressant effect on oil and gas exploration which would be caused by a depletion tax cut would also cause a most detrimental effect on the supply of scientific personnel from colleges and universities. A recession in exploratory effort would result in a much diminished demand for geologists, engineers, geophysicists, and other allied scientific personnel in our The chamber board of directors sent the two and a half page statement, drawn up by the chambers Petroleum industry committee, to Senators Hansen and McGee and Congressman Wold. The tax reform 'bill in which the depletion cut is included has passed the House of Representatives and is now in the Senate. Senators Hansen and McGee have said they will use the arguments supplied by the chamber in their floor fights against the depletion cut. The general line of reasoning used by the chamber was that, since the depletion cut will adversely affect the oil and gas industry, this will cause tax income to Wyoming from this industry to decrease. The decrease must be made up by increasing taxes. industry. The statement also said the decrease in oil and gas This would not only be injurious to industry and the which would if result the current individual exploration depletion scientist, but also to the various departments allowance of 27.5 per cent was cut to 20 per 7.5 per cent involved in universities over the country. was cut to 20 per cent would adversely affect the The statement also said these arguments applied to rate and the federal hurt and minerals other than oil and gas. unemployment government even the nations universities. The statement said, Wyomings 1968 assessed value of This announcement is neither an offer to sell nor a oil and gas production was 29.4 per cent of the total solicitation of an offer to buy any of these securities. assessed value of the state. Assessed value of all mineral The offering is made only by the Offering Circular production was 31.7 per cent. In 1968, because of healthy exploration programs, NEW ISSUE FOR UTAH RESIDENTS ONLY sustained by realistic tax laws, oil and gas industry SHARES contributed over 26.5 per cent of the total property taxes collected in Wyoming. FLUIDICS PRODUCTION All other minerals contributed only 2.33 per cent of AND SALES, INC. the total prpperty taxes levied. Oil and gas contributed an average of 32.85 per cent of the taxes collected at the A Utah Corporation county level. In several counties, the industry pays over 50 COMMON STOCK per cent of all taxes collected. Any decrease in the depletion tax rate will cause decreased exploration drilling with the resultant lessened Fluidics, P.S.I., is a company devoted primarily in the reserve balance and production, and therefore, diminished development, manufacture and sales of new products in the field of fluidics. It has four divisions in the Salt tax contributions by the oil industry. Lake Area. Controls Division - Manufacturing Since a large segment of employment in many Division - Plastic Division - The ENSCO Medical Wyoming communities, (7,400 employes), is directly Division. dependent upon oil and gas exploration and production, any depressant induced by adverse tax rulings will also cause unemployment and a resultant depressed local and PRICE PER SHARE $1.25 state economy. Any decrease in tax contributions derived from oil and Copies of the Offering Circular may be obtained from gas exploration and associated production will have to be the Underwriter offset by increased personal property taxes, corporate CALL OR WRITE taxes and increased taxes on oil and gas production. The statement went on to tell of the effect of the cut on FIRST FIDELITY UNDERWRITERS other income generated by the oil and gas industry -249 East Fourth South Street rentals and royalties paid to the state for operations on Salt Lake City, Utah state lands, rentals and royalties to the federal government 0 and from federal royalty returned to the state for operations on federal lands. 521-680- minerals exploration and extraction industry. Anderson is the inventor and d holder of patents on a cremating toilet designed to be gas-fire- used in campers, trailers, mountain cabins, boats, construction site outhouses, etcL Anderson said Flico is currently negotiating with an international manufacturer and distributor of' recreation equipment for distribution the Johnny Box. of Coming :: Events 1 7 13 Fall Septemberexhibit of the -- meeting and Society of Mining Engineers, Rocky Mountain. Minerals Conference, International Symposium of Computer Technology and the Instrument Society of America. The Salt Palace Convention Center, Salt Lake City. (John. C. Fox, secretary. Society of Mining Engineers of AIME, 345 E. 4th St., New York, N.Y. 10017). American October 19-2- 2 ; . Mining Congress annual convention, San Francisco. (AMC, 1100 Ring Bldg., Washington, D.C.) N o v . ember International 16-1- 9 Mining Days, El Paso, Tex. New Mexico Mining AssnM P.O. Box 597, Santa Fe, N.M. Northwest December Mining Association Diamond 5-- 6 ; Jubilee- - convention, Davenport Hotel, Spokane, Wash. February 13-1- 1970 73rd 4, National Western Mining Conference and Exhibition, Denver Hilton Hotel. (Colorado Mining Assn., 1575 Sherman St., Denver.) 99th annual February 15-1- 9 meeting, AIME, Hilton and Brown Palace Hotels, Denver. Society of February 15-1- 9 Economic Geologists, Hilton and Brown Palace Hotels, Denver. 2nd Offshore April 22-2- 4 Technology Conference, Houston. REGISTERED SECURITY AGENTS WANTED Full or to sell shares in new issues in the State of Utah only. Apply in person or send resume to 249 East 4th South, 203, Salt Lake part-tim- e City, Utah. phn sai-oso- o |