| OCR Text |
Show Pare Friday, November THE UTAH STATESMAN 4 UlllHI lilMIH IHII.I lit, t. - months. It is expected that the lease will be a pattern for oil shale mm ia defensive driv mm ww mm m Congress1 Cut Or Satellite Funds Sewed Utah Forms Oil Shale Plan To Be Followed The Utah State Land Board and the National Farmers' Union Exploration Corp. this week agreed to a lease of about 15,000 acres of public land for oil shale develop-menThe land is located in Uintah County. The lease has not yet been signed, due to several preliminary requirements but both groups reached agreement on the terms of the lease. The matter had been the subject of negotiation for development not only in Utah but throughout other states rich in oil shale. The agreement reached will provide for a rich source of revenue for the state, but will also include measures to make economic life easier for the corporation in the early years. Former Secretary of Agriculture Charles F. Brannan represented the National Farmers' Union Ex-- mm driving with care that accid are avoided no matter what the other driver does. 8, 1957 FERRON, Emery County Did Congress at the last session ploration Corp. in the transaction. appropriate funds requested by Terms of the understanding in- the Administration for satellite clude: and missiles development? 1. The corporation will pay a This question, asked of Senarental of 50 cents an acre start tor Arthur V. Watkins (R., Utah) ing with the date of the signing. at a "junior legislative clinic" 2. When the income reaches a here Tuesday, highlighted his point where 5 per cent of this meeting with South Emery High equals the amount' of annual School students. rental, the firm will be considered in production. Senator Watkins replied that 'those of us who supported the 3. From that time and for the next seven years the state will Administration's Defense Department budget" were "voted down collect 5 per cent royalties. and about two Jbillion dollars 4. After the seven-yea- r period, cut from it." the royalty will rise to 12 per Utah's senior Senator remarkcent, the usual amount for gas oil and production. ed that in preparing the Depart5. If the plant isn't under con ment's budget for the national des traction within five years, the fense expert opinions were inannual lease payment will be volved, from all of the . Departraised from 50 cents to $2 per ment's Service branches, regardacre. ing the needs and the future of 6. And if the plant isn't under the nation's construction within 10 years the research and development prolease will be terminated. gram. satellite-and-missil- es Where matters of the national Freeway Land Buying Set In Eearly '58 security versus the national budget are concerned, Senator Watkins said that, on principle, he felt it best to reply for the nation's ultimate safety upon the advice and the councel of the naEllis L. Armstrong, State Road tion's classified and secret miliCommission director, said this tary knowledge of the world beweek that the state probably fore them. y won't start buying of apLiterally "snowed-out- " for the freeway in the Salt Lake Carbon in pearances Monday area until next May. County, Senator Watkins bucked This was in reply to the many "winter weather" to keep his inquiries from affected property Emery County engagements toowners following agreement of day, and planned to hold to this the Road Commission and Salt Wednesday itinerary in Wayne Lake City. and Thursday scheduled in Piute Before the can be counties, before returning to his purchased the engineering firm temporary office in Room 323, will have to extend the plan to Hotel Utah, Salt Lake City. include the section from Beck's Another date is being arranged Hot Springs in the north end of the Carbon County meetings for Salt Lake, to 24th South. A public r the e In area, at hearing then must be held on the and elsewhere in the Carplan and the Road Commission bon region. formally adopt the plans, then the U.S. Bureau of Public Roads Last week Senator Watkins must approve the plans. The Pubcontinued his tour of the state. lic Roads Bureau will absorb 95 his Although Monday Visit to per cent of the cost of the project. Carbon was snowed out, he was at After this final approval the Emery County; Wednesday in land to be claimed for Wayne County; Thursday in will have to be described on Piute; Friday in Garfield and maps. At this point the purchas- Saturday in Sevier. His visit to ing of the land involved will take Carbon County will be place. right-of-wa- right-of-wa- y Price-Helpe- right-of-wa- i Hey Kids! Here's how to save your money quick as a lick It's great fun collecting stamps but even more fun when they're United States Sayings Stamps. Because when you put your money into 10c, 25c, 50c, $1 or $5 Savings Stamps, you've soon got enough to buy a U. S. Series E Savings Bond. Then watch y light Bourbon you can stay with! rate. In 8 years and 11 months, you get back $4 for every $3 you bought in stamps. Why not get a U. S. School Sayings Program going at your school? Ask your teacher today. For the big things in your life, be your money grow! I ready with In fact, Savings Bonds are better than ever now with the new, higher interest Th$ V. 8. Qovrmmtnt ... i Enjoy the Sun-nysid- ion not U. S. Savings Bonds py for tkU advrtimn$n4. tor thttr yilribfff sVhbHwi, Tht Tnuury Dtpartmmt thank tht JUkuvtitbit OmrmM hM flewwt KENTUCKY STRAIGHT BOURBON WHISKEY - 86 PROOF GLENMORE DISTILLERIES CO., LOUISVILLE, KY. - J ; |
