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Show VOLUME 16, NUMBER 237 SALT LAKE CITY, UTAH Savings Group Sees Stable Growth in 73 Utah Supreme Court Decisions - Capsule - ATTORNEY FEES TO BE RESET B & R SUPPLY CO., Plaintiff - P. v. NEW YORK (ACCN) Vigorous, business expansion, stable financial markets and a third consecutive year of strong deposit growth for savings banks in 1973 are among the major elements of the annual economic forecast of the National Association of Mutual , well-balanc- J. M. BRINGIIURST and LEO BRINGHURST, Defendants & Appellants Trial Court: ...Awarded $420 attorneys fees on accounts receivable suit to recover $1685.01, plus interest. Supreme Court: Remanded for setting attorneys fees on invoices initialed by defendant purchaser. 1) . . .our law that attorneys fees cannot be recovered unless provided for by statute or by contract. 2) . . . apply elemental principles of contract law: that the creation of a contract requires a meeting of minds of the parties. . . Alan D. Frandsen, 353 E. 4 South Defendant counsel: John L. McCoy, 325 S. 3. E See details page 4 . Common Market French Citizen Thriving, Key Indices Show . - BRUSSELS The (UPI) European Common Market has reported an economic upsurge during last summer and said there were indications of further economic growth during the second half of 1972. Backed by the optimistic economic report, European foreign ministers set die 1973 Common Market budget at $4.85 billion, a 7.5 per cent increase over the previous year. from non-memb- - NEW YORK (UPI) French citizen Christian David, in a move to avoid extradition to FYancc and a States has had record trade deficits this year. The commission also reported that exchanges among Community member states were 2.5 per cent higher than the previous quarter. The level of employment was higher in the third quarter than a year ago, the report said. But inflation continued to plague European countries and prices rose even faster than in the first months of the year. Holland headed the inflation trend with a 7.4 per cent price increase since September, 1971. In France and Italy the difference was 6.3 per cent, in Germany 6.2 per cent, in Luxembourg 5.9 per cent and in Belgium 5.4 per cent. The report foresaw no letup in inflation. A d m a , still-wid- e m Engineer Group Faces Charge In Antitrust - WASHINGTON (UPI) The Justice Department has filed a civil antitrust suit charging the National Society of Professional Engineers with eliminating price competition among its members in the sale cf engineering services. Take Oath of Office Friday Chief Justice Donald R. Wright administered the oath of office to Justice George A. Brown as presiding justice of the Court of Appeal, Fifth Appellate District, Friday in a ceremony held in the chief justices chambers. Justice Donald R. Franson.was also given the oath of office as associate justice in the same court. Presiding Justice Brown succeeds ' farmer Presiding Justice Frederick ' E. Stone, who retired December 1. Justice Franson fills the vacancy wltich occurred with the elevation of Justice Brown.! far the biggest part of the EEC Both appointments were conbudget about 80 per cent was set firmed last Thursday by the Comaside for assistance to agriculture. mission on Judicial Appointments. By - g ALI-AB- , Justices - Securities Now in Print On one-sixt- record-breakin- ed SAN FRANCISCO d d judge in Brooklyn on Nov. 17 on five counts charging him with smuggling heroin and held on $2.5 million bail. He was arrested by U.S. officials after being expelled from Brazil. The Frenchman, 41, was convicted in France in abstentia and sentenced to death in 1966 for the murder of a police commissioner. Davids plea of guilty was entered by his attorney, Stephen Lowy, who told the court that the plea was frankly designed to save his client from death. Lowy cited David's alleged role as a resistance fighter in France during World War II. Judge Jacob Mishler said, "I see this as a device to give Mr. David a prison term so as to frustrate the Two explains. Noting that Course possible confrontation with the guillotine, pleaded guilty, December 1, to a charge of conspiring to smuggle nearly 770 pounds of heroin into the United States. He was sentenced to serve 20 years in jail and pay a $20,000 fine. David was arraigned before a U.S. er countries rose by 1.5 per cent, swelling the EECs balance of trade surplus. By comparison, the United Trial Judge rates, the NAMSB staff forecast - The executive commission of the Common Market, properly known as the European Economic Community (EEC), reported December 5, that there were indications of rapid-growtin the second half of 1972, following an upswing of economic, activity during the summer. A commission report on the second quarter said EEC exports were 5.9 per cent higher than in the' first quarter. The report also noted a marked revival in European consumption. Industrial production increased by 2.4 per cent in the first quarter compared with the previous one, the report said. In the second quarter the rise amounted to 1.2 per cent. This pace of progress no doubt was French governments efforts to maintained during the third quarter, extradite and execute him. the commission said. Imports Protect when savings bank balance sheets are totaled for 1972, we may well find our industrys deposit growth actually exceeded the 1971 record gain of $9.7 billion, the NAMSB staff predicts another year of strong deposit growth in Savings Banks' research staff, 1973, "something on the order of $9 presented here today at NAMSB 's billion or so. This would represent 26th Annual Midyear Meeting. a 10 percent gain, compared with the 'The key signals in all major exceptional 12 and 14 percent gains economic sectors consumer, of 1972 and 1971 respectively, but business and government arei would remain well above the flashing strong, balanced expansion average annual d War II next year, according to the NAMSB rate of 6.8 percent. staff. A near 10 percent increase The NAMSB staff estimates that in gross national product is savings banks will have an projected for 1973 including a close aggregate investment pool of about to 6 percent gain in real output and $17 billion in 1973, close to this years inflation with the1 record $18 3 percent-plu- s billion, requiring conunemployment rate projected to, tinued resourcefulness in adjusting drop gradually to belo 5 percent hy investment patterns and portfolio the end of the year. policies. Evidence of impressive Sustaining growth adjustments is already apparent in beyond 1973, the research staff the 1972 savings banks portfolio notes, will call for demand to ad- performance, with the NAMSB staff vance at a slower- rale, more closely citing as examples a new high in net in line with grow th in the economys mortgage acquisitions, a reduction productive capacity than in the. 1972-7- 3 ;in net corporate bond acquisitions, catch-u- p :nnd exceptional period. increases in The NAMSB research team holdings of various types of assets . projects a decline in the nurnlter of housing, starts as 1973 progresses, not because of a prospective lack of ALI-A- BA si mortgage credit, but developing imbalances in supply-demanrelationships, particularly in local apartment house markets. For the year as a whole,. NAMSB sees housing starts averaging out at h around 2 million units, about PHILADELPHIA (ACCN) On below this years the eve of tire date of effectiveness of total. Rule 144, the Joint ComExpressing confidence that there mittee presented a Course of Study will be no credit crunch in 1973, the on SEC Rule 144 Restricted NAMSB research team also looks Securities and for basic supply-demanforces in Distributions: The Acquisition and financil markets to be in good of Under New Securities Disposition balance next year, with short term SEC Buies. The program, which interest rales rising only moderately was held in Los Angeles last April 13 and long-terrates moving within a and 14. offered a comprehensive narrow range. Reasons for exstudy cf the effects of these new pecting relative stability in longrules. term rates include reduced inThe proceedings of this course cf flationary expectations, prospective study are now available through the moderate demands for capital pubMcation of a transcript of the market funds, and the program. The program was tape, spread between short- - and long-terrecorded and transcribed, and each of the participants has edited his re: narks prior to publication in this well-balance- Pleads Guilty On Dope Charge court-appoint- ed Glass Wall post-Worl- ' Plaintiff counsel: TUESDAY, DECEMBER 12, 1972 Atty. Gen. Richard G. Kleindieiist said the complaint was filed at the U.S. District Court in Washington where the 67,000-niembe- r organization of professional engineers maintains its national office. Asst. Atty. Gen. Thomas E. Kauper said die suit alleged lhat the society and its members have for many years violated the Sherman Antitrust Act by agreeing to adopt, publish and distribute a code uf ethics prohibiting its inenilxTi; from submitting competitive bid-- : for engineering services. The organization also allowedly urges its members to police terms of the code. transcript. ' to - A bulletproof glass wall separate participants from spectators in a forthcoming attempted murder trial is being built in a courtroom next to where the sensational kidnap-murdeof a superior court judge occurred in August, 1970. r The wall is being installed in the Superior Court room of Judge Joseph G. Wilson on his orders in preparation for the scheduled start on Dec. 11 of the trail of two San Quentin inmates. A Marin County security officer says the wall, being built at a cost of $41,000, will separate active participants judge, counsel and jury from spectators. The wall will be steel up to waist-heigh-t, then glass up to about 18 inches from the ceiling where another belt of steel will be installed. Judge Harold Haley was slain and Asst. Dist. Atty. Gary Thomas seriously wounded when three convicts made an escape attempt on Aug. 7, 1970. Two of the convicts were killed in a resulting shootout. Black Communist Angela Davis was tried and acquitted in June of this year on charges stemming from the shootout. . Court Gives Kidnap-Rapis- t Stiff Sentence - CHILLIWACK, B.C. (UPI) One of the stiffest sentences in British Columbia history was handed down, November 24. to an escaped convict who abducted and attacked a woman, the previous day before his recapture. Bruce Allen Kaiser, a Winnipeg man, was sentenced to life plus 34 years on seven charges arising from the escape. The term was ordered served consecutively to the sentence he was serving when he bolted Agassiz Mountain Prison. Kaiser, who was serving a sentence for armed robbery, rape and breaking and entering, escaped the y federal prison late November 22 by scaling a medium-securit- 15-fo- ol In its discussion of private placements and the methods for disposing cf privately placed securities, tins volume is intended to provide both guidance in complying with Rule 144 and an understanding of the possible alternatives to reliance on Rule 144. The responsibilities of the broker-deale- r sells restricted securities securities registered for sale in who or en distributions are analyzed in an attempt to suggest the steps to be taken in meeting those responsibilities. Other matters discussed include the impact of mergers and acquisitions on restricted securities; the valuation of restricted securities in portfolios; differing responsibilities of market makers, broker, and dealers; the consequences of breaking trades, offering rescission, ar.j effecting cover; and intrastate and foreign offerings as an alternative to the private placement. The transcript is paperbound, 8M x 11 inches, 264 pages in length, and priced at $25.00 (plus $1.75 postage and handling charges). It may be Joint ordered from The ALI-AB- A Committee, SAN RAFAEL, CALIF. (UPI) 4023 Chestnut St., Philadelphia, Pa. 19104. fence. He had been transferred to Agassiz only two days previously from Dorchester Prison in New Brunscick. Kaiser made his way overnight to a trailer park at Bridal Falls, about seven miles from the prison, and at 5:15 A.M. broke into a couples mobile home, bound the husband, ordered the wife to get dressed and old woman at forced the knife point into the family car. En route to Vancouver, the escapee pulled the car over, raped his hostage then continued toward Vancouver. The husband managed to free himself and called the police. Kaiser was taken into custody and the woman released when the freeway patrol headed off his car on Highway 401 pear Vancouver. 49-ye- ar IVhit traffic victiniK It Ill Tlu number of persons, killed on IlnMand's roads dropficd in 1971 for the first time since records began after )X orld nr II. the Bureau of Statistics said. Traffic accidents killed 3 . f 7 Hrsons that year, roniiwed with 3, lit I in l')7(). THE HAGUE 1 |