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Show Pge Ten The Springville Herald July 29, 1971 Major provisions of 1971 wheat program announced by officials r lo. V T ' ' Steve Miller, Rotary President, right, welcomes Mr. Charles H. "Chic" Stratford of Salt Lake City, governor of the Rotary district of this area, as he addressed the Springville Rotary Club " here on official visit. Rotary Club governor visits here; year's activities, projects outlined .'Mr. Charles H. "Chic" Stratford of Salt Lake City, governor of the Rotary district of this area, addressed the Rotary Club o of Springville during his official visit Wednesday, Wed-nesday, July 14. The local club is one of 51 Rotary Clubs in this district and 3200 Rotarians. A member and past president of the Rotary Club of Sugar House, Mr. Stratford is vice president of Wasatch Plumbing Supply Co. He was elected to office at the Rotary convention in Sydney, Australia, in May 1971 and will serve until June 30, 1971. One of his biggest jobs will be to hold a district conference of all Rotary clubs in this area. The conference will be held in Salt Lake City May 18, 19, 20, 1972. Speaking of the global growth of Rotary, an international men's service organization, the district governor said: "Rotary is the pioneer of the service clubs and today numbers more than 14,802 clubs with a combined com-bined membership of more than 701,000 business or professional men. Spread throughout 149 countries in all parts of the world, Rotary clubs conduct activities to improve their communities, aid youth, elevate business standards, and further international friendships and understanding." The district governor also conferred with Stephen W. Miller, local Rotary club president and LaMar J. Miner, club secretary, on club administration ad-ministration and plans for future activities. During his visit, the Rotary official was given information on some of the local Rotary club's activities, including: Youth service to baseball, football, hosting at the art museum, and development of the proposed Rotary Community Park. It was pointed out that Rotary here plays an important part in all youth activities. In Bantam basketball Rotary has three board of directors, one Rotarian coaching and one officiating. For the high school Rotary LEGAL NOTICE REPORT OF CONDITION OF CENTRAL BANK & TRUST COMPANY of Springville, Utah County, Utah, at the close of business on June 30, 1971. i . ". ASSETS 1 ' Cash and due from banks (including $5,642.00 unposted debits) $ 1,722,661.19 U.S. Treasury securities 4,067,728.14 Obligations of States and political subdivisions .... 1,655,371.31 Other securities 13,971.42 Federal funds sold and securities purchased under - agreements to resell 2,800,000.00 Other loans 17,526.316.22 Bank premises, furniture and fixtures, and other assets representing bank premises 657,044.79 Real estate owned other than bank premises 323,280.27 Other assets 184,308.98 JOTAL ASSETS 28,950,682.32 LIABILITIES Demand deposits of individuals, partnerships, and corporations $ Time and savings deposits of individuals, partnerships, part-nerships, and corporations Deposits of United States Government Deposits of States and political subdivisions Deposits of commercial banks Certified and officers' checks, etc TOTAL DEPOSITS $25,861,022.03 a) Total demand deposits 9,339,002.92 (b) Total time and savings ' deposits 16,522,019.11 Other liabilities for borrowed money 'Mortgage indebtedness , Other liabilities 8,202,933.24 14,850,666.84 354,314.80 2.160,640.27 25,000.00 267,466.88 179,000.00 27,143.57 596,570.71 TOTAL LIABILITIES $ 26,663,736.31 $ 62,624.02 MINORITY INTEREST IN CONSOLIDATED SUBSIDIARIES ; RESERVES ON LOANS AND SECURITIES Reserve foi" bad debt losses on loans (set up pur-,.i pur-,.i suant tOj Internal Revenue Service rulings) ....$ 291,980.30 TOTAL RESERVES on Loans and Securities ....$ 291,980.30 CAPITAL ACCOUNTS 'Equity capital, total $ 1,932,341.69 u "Common Stock total par value $ 528,000.00 No. shares authorized, 52800 No. shares outstanding, 52800 Surplus $ 772,000.00 :Undivided profits 632,341.69 TOTAL CAPITAL ACCOUNTS $ 1,932,341.69 '.TOTAL LIABILITIES RESERVES, AND CAPITAL ACCOUNTS $ 28,950,682.32 '?' MEMORANDA "Average of total deposits for the 15 calendar -days ending with call date $ 26,123,015.30 Average of total loans for the 15 calendar h days ending with call date 17,468,019.33 ;i I, George R. Bird, senior vice-president and cashier of the .above-named bank, do solemnly affirm that this report of condition is true and correct, to the best of my knowledge and belief. Correct Attest: George R. Bird J. W. RANDALL F. CALVIN PACKARD F. C. PACKARD Directors State of Utah, County of Utah as: Sworn to and subscribed before me this 19th day of July, 1971. . Loventris A. Willingham, Notary Public Commission expires 3-12-73 STATE OF UTAH Department of Financial Institutions I, W. S. Brimhall, Commissioner of Financial Institutions, - do hereby certify that the foregoing is a true and correct copy ' of the statement of the above named bank, filed in this office on July 21, 1971. W. S. BRIMHALL Commissioner of Financial Institutions Published in the Springville Herald July 29, 1971. Major provisions of the 1972 program for wheat, have been announced by Secretary of Agriculture, Clifford M. Hardin, according to Claude Hunting, Chairman of the Utah County ASC Committee. The program provides for an acreage set-aside set-aside requirement equal to 83 percent of the farm domestic allotment the maximum provided by law. It was further announced that the program will again allow the substitution of feed grain for wheat ; and that barley will be included in the 1972 feed grain program. No limit on wheat acreage will be established for 1972. "These changes in the 1972 programs," Secretary Hardin said' "give the farmer greater freedom to plant the commodities com-modities which will earn him the best possible income, without losing program benefits. By announcing these changes at this time, producers will have the information they need to make their planting plans for the 1972 crop." There is no change in the previously announced 1972 domestic wheat allotment of 19.7 million acres or in the loan rate of $1.25 per bushel national average established for the 1971 crop. Farm -stored and warehouse-stored loans and purchases are available to producers who participate in the program. The 1972 wheat set-aside percentage is based on preliminary estimates of acreage required for next year's production to meet U. S. domestic and export needs, USDA officials said. It compares with the 1971 set -aside rate of 75 percent of the farm's allotment. Under the substitution provision, acreage devoted to feed grain will be considered planted to wheat will be considered con-sidered planted to feed grain to prevent loss of the feed grain base. This will enable a producer to plant all or any combination of his acreage to wheat or feed grain without loss of planting history or program benefits. As was the case this year, producers will receive preliminary payments after July 1 equal to 75 percent of the estimated face value of the wheat certificate. Any remainder will be paid after December 1, 1972. The inclusion of barley in the 1972 feed grain program is the result of USDA estimates that feed grain supplies will be adequate in 1972 due to the improved supply of blight-resistant blight-resistant corn seed. The set-aside set-aside requirement for barley will be between ,20 and 35 percent of the base.. The exact set-aside percentage will be indicated when the 1972 feed grain program provisions are announced. an-nounced. , Wheat producers in 1972 will receive 100 percent of parity on the production of their full domestic allotment, the same as this year. Face value of the certificates will be the difference dif-ference between 100 percent of parity on July 1, 1972, and the annually purchases movie film, for the coaches. In Little Leauge, Rotary is a sponsor, has a league officer and a coach. In the Pony League, a Rotarian is president, one is treasurer, and another is coaching with two officiating. A Rotarian is president of the Colt League, another is vice president, one a coach. Rotary sponsors a team in the Youth Football program. A Rotarian is a league commissioner com-missioner and 4 members belong to the board of directors. They present an annual dinner for the Rotary football team, coaches, cheer leaders which includes about 40 people. A rotarian is the sports photographer for youth sports. Each year the Rotary Club presents the graduating seniors of the football and basketball team at the high school a dinner to honor them. Concerning activities in this Rotary district, he outlined several goals, among them: To weave goodwill and youth service throughout all phases of District Rotary activity-accent youth; and to find a way for Rotary in India and Tonga to express their World Community Service desires within this Rotary District 542. He encouraged continued support of Rotary Foundation which is a trust voluntarily supported by Rotary club-Rotarians, club-Rotarians, and others throughout the world, the objective ob-jective of which is the furthering of international understanding and friendly relations among peoples of different nations through projects of an educational or charitable nature. The Rotary Foundation has sponsored more than 4,000 awardees on educational ventures ven-tures in countries other than their own. Over 100 countries have been directly involved in sending and or hosting Foundation Foun-dation awardees. This vital activity in the quest for greater international understanding among peoples of the world has been made possible through the generous contributions received from Rotarians and others. national average wheat price received by farmers from July through November, 1972. Under the current program, the farmer may plant as much wheat or any other crop as he wishes after he has met his acreage set-aside and conserving con-serving base requirements; or, he can choose not to plant any wheat. Producers are not required to plant wheat to obtain certificates. cer-tificates. However, failure to plant or be considered to have planted at least 90 percent of a farm's 1972 domestic allotment of either wheat, corn, grain sorghum, or barley can result in . a reduction in the 1973 allotment by as much as 20 percent. If no wheat or substitute is planted for 3 consecutive years, the entire allotment can be lost. AH allotments removed from farms will be reallocated to other wheat farms. Any producer who makes a required acreage set-aside but elects to receive no payment, 'will not lose his allotment. Established summer-fallow farms which devote at least 55 percent of their cropland to that use will not be required to set-aside set-aside any additional acreage in order to qualify for program benefits. As in 1971, producers may graze set-aside . acres except during the five principal months of the normal growing season, but set -aside acreage must be protected against erosion, weeds, insect damage and rodents. Producers who wish to qualify for program benefits need to sign up to participate. Signup dates will be February 28 through April 7, 1972. A producer may participate in the wheat program on any farm or all farms in which he has an interest, in-terest, as he wishes. ASCS county offices will notify wheat producers of their domestic allotments and the applicable set -aside for their farms. Oral Lee Allen Acting County Executive Director Begonias fill this box between wall and window just as they could fill your window boxes. A new, larger-flowered variety is called Bloomin' Big. IP GS (D) U E SNIPER SEW FOR DOUBLE Polyester Double Knits 54" to 60" wide MACHINE WASHABLE Reg. $4.98 per yard BACK TO KNITS NEW FALL FABRICS More Arriving Daily!! SCHOOL AND SAVE! yd. BONDED ACRYLICS Bon Bon (woolen types) 7 1 00 acrylic bonded to 1 00 4 C--J. c.l A--1-1-T-: i 3iLatest fall looks for pants, suits, skirts and jumpers Machine washable fi)98 L yd. LILLIPOP POLYESTER KNITS Light and heavy weights. 100 polyester Machine washable. A wide choice of colors and patterns! 5460" wide 2" FIRST QUALITY COTTON FABRICS PRINTS and PLAINS Values to 69c 3645" wide BACK-TO-SCHOOL SPECIAL Save Woo W( 4-Z- skeh in orsfed read brands skein Coats ujr rrce - NOW ONLY 97 BONDED WOVEN ACRYLICS 49 yd. 54" and 60" wide 1 00 acrylic face bonded to 100 acetate back Plaids Stripes Tweeds and Solids $2 'Pound bag REGUIap "C SPECIAL NOW WIDE-WALE CORDUROY ALL COTTON-NEW COTTON-NEW FALL COLORS 44" and 45" wide 7 FLANNEL KNIT and TUCK RIBBED SOLIDS 54" wide 88 acetate, 12 nylon Machine washable assorted colors PRINTS and PLAIN All cotton 36" and 42" wide REGULAR 43c PER YARD 100 DACRON BATTS I pound 81 "x96" 47 COMPLETE NOTIONS DEPARTMENT We Feature: SIMPLICITY PATTERNS WILLIAM E. WRIGHT'S TAPES, BRAIDS, LACES, AND ALL THE NEW DECORATOR TRIMS TALON ZIPPERS AND THREADS SINGER SEWING SUPPLIES LE CHIC BUTTONS . RIBBON BY THE YARD ALL SIZES AND COLORS LSI ST 350 STORES THROUGHOUT TEN WESTERN STATES 265 SOUTH MAIN SPRINGVILLE 9 a.m. - 9 p.m. Closed Sunday |