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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Aug. 11, 1960)
fHURSDAY. AUGUST 11. 1960 S D MEDFOTO MAIL TTITBUNE. MEDF0B9. t ! s aw Bermuda Reaches Ideal Goal; Budget Balanced, No Debt By HENRY J. BECHTOLD UPI Financial Editor New York-IUPD-A balanced budget, no national debt, and a huge dollar reserve. This may be the goal of all na tions, but Ber muda already has reached it. I j . i' I ! J i i ijLU ONE-MAN SUB TESTED Isador Port noff, lop photo, waves good-bye as he pre pares for an underwater test of his one-man submarine at Chicago. The sub, a 13-footer, is powered by a two horsepower electric motor driven by two 12-volt batteries. In the lower photo the sub ts going down in 14 feet of water in Lake Michigan. Portnoff considered the test a success. (UPI Telephoto) Miss International Beauties Compete ' Long Beach, Calif.-WPll-The 15 finalists in the new Inter national Beauty Congress will be selected from 52 contest ants tonight to compete for the title of Miss International Beauty. Final Judging will be held Friday night with the 15 girls first trimmed to five finalists and then Miss International Beauty chosen from that number. Winner of the contest will receive $10,000. - The 52 cintcstants each rep resenting a different nation will parade for the last time tonight in three divisions. One group will wear play suits, another evening dresses and the third native costumes. Bohlen To Attend Costa Rica Meeting Washington - tUPD - Secre tary of State Christian A. Her ter will take his top Soviet affairs adviser along to the Aug. 18 American hemisphere foreign ministers meeting in San Jose, Costa Rica. The State department said Wednesday that Charles E Bohlen, former ambassador to Russia, would attend the meet ing. The session will consider Communist threats in Cuba and Latin America. PRANKSTER Newport Beach, Calif. - (UPD -PnlinA sparphprt uithnilf sup. .nae WoHnnGHow nlfthl fnr n ' "J "--o prankster who drove through me city streets using a ioua SDeaker to announce "evacu ate your homes." Young Chaplin's Lawsuit Rejected Hollywood - (UPD - Charles Chaplin Jr.'s court suit to compel inclusion of his fa mous father's name in the Hol lywood Walk of Fame has bscn denied. Superior Judge Ellsworth Meyer turned down the suit Wednesday against the Holly wood Improvement asoclation and the Hollywood Chamber of Commerce. They are in charge of the Hollywood blvd. sidewalk program in which stars' names are embedded. - Chaplin Jr., 35, still has a $400,000 libel suit pending against the two groups. He accused them of maliciously excluding the name of h i s father. And reach it, it has de spite the ab sence of the normal tax Henrr Bechtold levies found in most countries. This tiny island with a permanent pop ulation or only 45,000 showed an overall profit of $129,372 471 from the end of World War II until June 30, 1959. Tourism, of course, is Ber muda's bread and butter busi ness, accounting for 70 per cent of its national income. However, there is a healthy trend there toward a more diversified economy with the Island s tax benefits- the big arawing card. Bermuda does not have any income tax, business tax, cap ital gains tax, sales tax, ex cess profits tax, dividend tax or ostate tax. And this tax immunity is available to all Bermudians and non-Bermu- dians, residents and non-residents. This is' quite an attraction to the U.S. companies seeking new methods and techniques to maintain and develop in ternational business to meet the serious competition of the common market and other regional trading areas being formed in Europe and South America. Prentice-Hall, Inc. noted in a recent tax ideas report that American firms now are find ing Bermuda a most favor able over-all base for foreign operations and private invest ment. Until recently, it said, many Americans by-passed Bermuda as a base because the island does not advertise its tax freedom and hence it was erroneously assumed that Americans and American bus iness were not wanted. They also were under the impres sion that exchange control and currency restrictions might prevent or hamper base or investment operations. They now have discovered, however, that Bermuda wel comes corporations and per sons of standing and integ rity; several of its laws are particularly patterned for base operations and foreign trusts; and liberalization of exchange control and cur rency restrictions now insure that . Americans and Ameri can firms may freely use their dollars, as an external company or account. While most of Bermuda s newly registered firms are ad ministrative and financial in character, the island's four- Pure Pleasure Time-Perfected Beer Whether you picnic by the shore or in the mountains, make your outdoor pleasure perfect with Time-Perfected Blitz-Weinhard Beer! In Blitz-Weinhard, 104 years of brewer's Art and modern Science have been combined to create a truly perfect beer just for your pleasure. If you're shopping today for a weekend outing, make sure you head your shopping list with Blitz-Weinhard the Time-Perfected Beer. Blitz Brewed to perfection since 1856 by the West's oldest brewery Dl ITT WCtUUADIt OnifDAMV Portland, Oregon HClIlnarQ VISITORS WELCOME! Tours Monday - Friday from 12:00 to 4:00 p.m. BEER I960 year old xreepori industrial area, where, by law, the gov ernment guarantees a tax-free operation for a 30-year pe riod, is attracting more and more light manufacturing, packaging and distributing op erations. One of the advantages of manufacturing in this 75-acre freeport area which has avail able a wide variety of build ings, warehouses, yards and deep-water docks-is that man ufacturing equipment, raw materials and packaging sup plies enter Bermuda duty free. Also, there are no ex port duties. Bermuda also is attracting an increasing number of in ternational shipping lines. More than a score of Euro pean companies now have es tablished subsidiaries in Ham ilton in moves designed to help them maintain competi tive advantages threatened by American and Greek owners who have registered their ships in such countries as Panama, Liberia and Honduras. Annual reports recently is sued by the island's two banks reflect- the booming state of Bermuda business. The Bank of Bermuda's profit last year was $442,486, an increase of $40,890 over the previous year. The Bank of Butter field's profit in the same pe riod jumped $50,229 to $439,-389. Bermuda's economic firm ness also is strongly propped by increased U.S. military spending. Income to Bermuda for U.S. armed forces and their families, stationed on the island, together with dol lars being spent locally for increased construction of fa cilities, topped $1J million in 1959. MANN'S IS READY FOR SCHOOL... ARE YOU? YOUR AUTHORIZED MEDFORD SHAKESPEARE BOXOFFICE just arrived! LEVIS CONTINENTALS Rugged "grizzly cord" cottons. Slim plain front con tinentals with extension waistband. Adustable side tabs . . .. Levi's famous flip-top back pockets . . . slim cuffs. New ice-beige and no-color green. sizes 6-12 3.98 sizes 13-18 4.98 huskies 4.50 shirts made to fit BY FAMOUS m ROY The best name in boy's shirts. They hold their shape and wash and wear to your complete satisfaction. Lined collars and hand-finishing make these shirts extra special. longsleeves and shortsleeves sizes 6-20 1.98 & 2.98 jv7 . - ' for girls and teens by REGAL THE SHAG OF THE SEASON This stunning crew neck shag sweater with long sleeves comes in exciting fashion colors of Curry, green, gold or stone blue. sizes 4-Sx, 7-14 3.98 & 4.98 BOX PLEAT SKIRT (By Regal) Inverted box pleat flannel skirts in solid colors dyed to match Regal's sweaters. sizes 7-14 5.98 water repellent POPLIN ALL-WEATHER COAT "Duo" coats designed to fit the definite need of an all American girl. "Duo coats combine the elegance of a dress coat tht utility of a car coat ... the washability of a kerchief and the water repellence of rainwear. sizes 4-6 14.95 girls' & teens 16.95
