Show 10A Standard-Examin- Tuesday Jan 20 1981 er beomikDin)© SALT LAKE CITY (AP) — When is a stockbroker not a stockbroker? When he’s a banker says Mirvin Borthick Utah commissioner of nancial institutions who wants the state to regulate “banking” activities wherever they’re found Borthick has asked the Utah Legislature to approve sweeping changes in the state law covering financial institutions The aim he says is to protect Utah consumers from “ripoffs” that have become all too common under the state’s antiquated laws But opponents say Borthick’s bill may also bar 15000 Utah investors from opening special brokerage or money market mutual fund accounts that offer easy withdrawal through checks and credit cards fi- “If it walks like a duck if it goes to w ater like a duck and if it swims given for big new city shea rages Sweepo mig for Petfitfsomis rules like a duck it’s a duck” says Borthick “What they’re describing is a banking transaction” ofThe Utah attorney general’s fice agrees Last year the attorney general issued its opinion that Mer- - FiTTinrpV pQooo(Tm)ooooo bill said there is an important distinction between a typical checking account and the accounts his clients offer Investors know that their brokerage and money market accounts will go up and down and that the money is not insured They trade that risk for the chance to earn bigger profits he said The checks and credit cards are simply more convenient ways of making withdrawals from the account Borthick says he’s concerned when third-partpayments are in— volved that is when the checks are used and accepted like any State Senate’s Social Service Committee today settled a dispute over whether the Utah Health Systems Planning Agency should have the power to consider grant requests from Planned Parenthood Committee members adopted a compromise amendment aimed at keeping Utah in compliance with federal law — but spelling out state opposition to abortion and birth control counseling The lawmakers tax-produci- y rill Lynch had in fact become a bank by offering its Cash Management Accounts to some of its customers Borthick said Keith Taylor an attorney hired by Merrill Lynch and other security brokers to oppose Borthick’s then gave a favorable recommendation to a bill which would streamline the operation of the planning agency which reviews all federal grant applications by health organizations in Utah The amendment would require the agency to consider some legislative guidelines in the area of public funding for services provided by Planned Parenthood Those guidelines have not yet been Borthick says that unless his office can examine every institution that offers banking services “I’d have no way to get at the bad guys” SALT LAKE CITY (AP) — The last week Under the revised bill city and themselves retroactive pay raises The Senate bill was a revised No pay raise could take effect until version of a measure defeated late county officials covered by the legislation would not be able to vote after the next election re- commendations that Planned Parenthood not using any public funds to provide abortion counseling or to give birth control information to minors without the consent of their parents groups last week asked the committee to adopt an amendment which would have prevented the agency from even considering grant applications from Planned Parenthood n lung-wor- But the measure would only apply to cities of the first and second class — only the few largest cities in the state Counties would only be affected if they had populations of 100000 or more and only the few along the Wasatch Front would qualify Idaho desert to continue his personal search for his brother’s body Pogue and fellow officer Conley Elms have been missing since Jan 5 when they went to a remote trapper’s a border to camp on the investigate alleged poaching violations The reward figure could increase significantly if a bill donating $10000 to released on the mountains east of Santaquin R-Boi- se early afternoon arrival Or take our Night Coach straight thru with one stop We also have a morning nonstop to DallasFt Worth and a nonstop Night Coach to Denver low-far- e thru-je- t One-sto- jUlihleUVs ng HEARING AIDS 'SINCE 1946 2651 Washington Blvd etccaun bm&m m 5 n BED 731) £fi- - QQCQ south- Ti IS budget ©21 a diet Just count kilowatts instead of calories Estimate your energy costs with the new UP&L publication “Your Energy Budget Guide” available free at any Utah Power and Light office Find out how much it costs to use all your electrical appliances by job or by the month Skinny up your budget by cutting down on the kilowatts The booklet that helps you decide where to save! Come in or write for your free copy there by midto FtLauderdale too It’s afternoon We have a thru-je- t a thrifty Night Coach Nonstop NC: Night Coach OS: our office or in your home aiatic ft to OrlandoWalt Disney World any morning at 8:05am S: At officers Take Delta’s morning nonstop to Atlanta for an You’re Ask about other big savings with Delta Night Coach and round-triSupreme Super Saver Fares Service is via connection - treated for lungworm before being the fund which was approved Monday by the Senate State Affairs Committee passes the Legislature The bill was introduced by Senate Majority Leader and unanimousJames Risch ly approved by the committee The reward fund was established last week by Gary Loveland a Homedale F&G officer and friend of the two slain Idaho-Nevad- Fly our one-sto- p FREE HEARING TESTS — tains but the herd of 27 animals won’t be free to roam until next spring The 11 rams 10 ewes and six lambs — a gift from the Wyoming Game and Fish Department — were transplanted to the Mount Nebo area earlier this month in a project to reestablish Rocky Mountain bighorn sheep in Utah Trappers’ journals indicate the animals were once plentiful in Utah But as man and domestic sheep moved in the Rocky Mountain bighorns gradually disappeared Wild sheep cannot tolerate disease common in domestic animals And the last bighorns in Utah disappeared in the 1920s But Utah Wildlife Resources Division biologist Paul Tervort says the Wyoming sheep — from the Wind River Mountains — were all Reward offered for Hevada suspect HOMEDALE Idaho (AP) — The reward fund for the capture of the Nevada trapper accused of killing two Idaho Fish and Game officers Jan 5 has grown to about $3100 Meanwhile the brother of missing officer William Pogue said Monday he’s returning to Bakersfield Calif to load up his pickup truck with camping equipment and return to the Nevada- - o cords tubes o ky Mountain bighorn sheep are back on Utah’s Wasatch Moun- Revised salary hill tentatively passed Utah Senate has given tentative approval to a bill setting restrictions on pay raises some elected officials can vote themselves ehind the SANTAQUIN Utah (UPI) — Roc- drafted but will likely include Anti-abortio- PERSONAL LOSS Bighorn sheep alive and well on Utah peaks bank’s Planned Parenthood dispute settled SALT LAKE CITY (UPI) — The Salt Lake County into Utah’s largest city “Lake Valley City” have been presented to the county commission The city stretching from Davis to Utah counties and from the Wasatch to the Oquirrh ranges would have a population of 235000 Commissioners sent the petitions to the county clerk Monday to check signatures and asked the county attorney to check the legality of the proposal “There’s nothing that the people of the county can do to preserve what they have except to incorporate” said Tom Bowen spokesman for the group backing the proposal Commissioner Mike Stewart said it is likely the commission will recommend the proposal be put to the voters “It doesn’t offend me at all If there’s strong citizen sentiment for it we’ll hold the election” he said Bowen said the main fears provoking the request were that residents would be annexed into the valley’s rapidly growing cities or that the cities would annex only the areas leaving other residents to foot increasingly expensive services He envisions Lake Valley as contracting with the county for services Utah TO YOU AND YOUR MilMim SALT LAKE CITY (AP) — Petitions to turn unincorporated yirged ©£ CUSTOM FITTED p p All schedules are subject to change without notice connectfonstnAUantauUh flBhts See your Travel Agent for full details on all Delta’s fares and flight reservations Or call Delta at (no toll charge) Delta and your Travel Agent accept American Express and all other major general-purpos- e 800-227-45- credit cards across the DELTA A airline run The 86 Dy onflaDD® professionals & LIGHT COMPANY i f y i A Ot nrtrt o- - |