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Show Page 2 March 14, 1969 OIL & MINING JOURNAL . . ROCKY MTN. OIL & MINING JOURNAL Published weekly in Salt Lake City, Utah by Utah MailScene Publishing, 731 East South Temple. ing address. Post Office Box 71, Salt Lake City, Utah 84110. Serving the mining and oil industries of the Rocky Mountain Region. 25 per copy ADVERTISING v1 Subscriptions per year $10 RATES: - General display advertising Classified advertising 'EDITOR .PUBLISHER col. in. words for $2 $2 20 Chuck Hayward Dr. Isadora Perlman, head of the chemistry division of the Lawrence Radiation Laboratory, examines an ancient pot whose oiigin he will trace through nuclear analysis of its composition. Techniques developed as a of nuclear physics and chemistry at the AEC Laboratory are being used to study the trade routes and movements of ancient people by identifying the place of origin of such artifacts as pottery. ATOMIC ANALYSIS EDITORIAL by-prod- it is easily misunderstood. And because it is misunderstood, often becomes coit ntroversial. Such is the case with a provision of the federal tax laws known as "percentage depletion." Percentage depletion is a tax. allowance extended to minerals producers as a means of enabling these producers to recover at least a part of the capital spent to make and develop their discoveries. A of one of the major oil companies publication explains how percentage depletion works. Suppose you have a dollar of capital (savings). -- You invest it and earn, say, 10 per cent on your investment. Naturally you pay an income tax on your profit of 10 cents. You do not pay an income tax on the entire $1.10. After the tax on your profit, you would still have a dollar of capital left. WHEN SOMETHING IS COMPLEX, -- Now, the article explains, suppose that was in the form of crude your ori- ginal capital petroleum that you had looked hard and long to find. To make the same 10 cent you would have to deplete your supply profit, of petroleum, meaning that eventually you "would run completely out of capital." U. Mines School (Continued from page one) berger has developed a method undesignated or earmarked for any for growing the purest alkali hal- of the college projects listed in the ide crystals yet known. He was alumni bulletin. responsible for establishing the According to the bulletin, unresInternationally known crystal labto: oratory at the University of Stut-ga- rt. tricted gifts help tax 1) Fill the support gaps In areas for which tax funds may not Crystals grown in the labora- be used or available because of tory would be used by faculty In other needs, such as special libphysics, ceramic engineering and rary acquisitions, scholarships or metallurgy, and by their students unusual equipment; In graduate research. 2) Provide the broadest possible Pure alkali halide crystals are educational opportunities for all critical to research in solid state potential U. students regardless physics. Research In solid state of their social or economic backphysics is vital to the development ground; of new . Industries. The initial cost of the project is $20,000. venture capital' 3) Provide new and experimental to initiate research, and service teaching, projects for which It Is difficult Also urged are donations to the to obtain financial support; engineering department for its 4) Bring to campus distinguishCadet Engineering Science proed visiting professors of Nobel gram which brings qualified high stature for short perLaureate school juniors to the U. campus iods ranging from one week to for eight weeks of special trainone quarter, and ing in computer science, physics, prevent this from happening, oil producers are given the percentage depletion allowance to help them to preserve their capital to go back and look for more oil. In essence, it is just that simple except that 011 is getting harder to find. as some critics propose, percentage depletion If, is reduced---- f ew suggest that it be removed entirely---th- e results in the long run would be catastrophic. The taxes paid by the petroleum industry would be higher than for other industries, thus reducing the capital available for oil exploration. Supplies of oil and gas would inevitably become inadequate and prices of petroleum products would be higher. Ultimately, tax revenues would decline in the face of inadequate supplies of petroleum--an- d the vicious circle would be completed. To 1 or engineering. 5) Insure diversity, richness, and quality In higher education Gifts to the University may be at the University of Utah. H t I s f t m 1 nil i i:i i WESTERN PROSPECTORS A Noo-Prafito- J immH? ASSOC. Ctapaiy OiynM te Help Prospected SELL OR LEASE Their Properties Mofor te ledivMeels er u Companies. NEW MEMBERS WELCOME Contact: PAUL J. ANGELOS 04.S Newheese BMg. Sclt Lofce City. Utah mrrrrmTjmu t uina MINERAL ACTIVITY INFORMATION Filing Deadline Nears on KCC Case March 31st has ben set as deadline for the filing of exceptions and briefs to a Na- tional Labor Relations Board trial examiner's decision which upheld Copper Corp. The examiner's finding sup- ported KCC's claim of unfair la- WASHINGTON . bor practices against 10 Interna- tional unions. Kennecott charged that during negotiations In the 1967-6- 8 strike, the unions unlawfully sought com- pany-wibargaining by insisting upon common expiration dates for all agreements, insisting that ec- de .1 i . . WEEKLY: Consolidated reports from active Wyoming counties, shows where staking and leasing is being done and who is doing it. MONTHLY; An onomic benefits be applied on a companywide basis equally, and tivity ln 11 untts before resuming f eraMons ln anY one unit. cott The matter was heard ln Salt 1968. Lake City from June 8, 11-2- map at a glanct. each month showing mineral for more information call or . . requiring agreements be reached to wrifo: MINERAL ACTIVITY SERVICE JOHN P. DEYER CJ07) 234-944- 4, P. O. Box 801, Ceeper, Wyoming 82401 ac- |