WEDNESDAY, DECEMBER 8, 1954
IIERAI.T) AND NEWS, KLAMATH FALLS, OREGON
PAGE NINE
Benefits From Tax Law Told
Oregon farmers will likely bene,
it in several ways from revisions
of Income tax laws made by Con
gress during 1954, says Manning
Becker, extension farm inanagc
' ment specialist at Oregon State
College.
Included in the many changes
that should help ease the strain
for the farmer are tax rates aooui
j Scouts Work On
Woods Project
CRESCENT Nine Boy Scouts
and two leaders turned out for a
conservation project six miles
j south of Gilchrist Saturday.
Under the supervision of Walt
Thompson, Eagle Scout now with
the Forest Service at Crescent, the
boys pruned and thinned in a stand
of Ponderosa pine.
' Following a short talk by Thomp
' son in which he explained the val
i ues of timber stand improvement
work, the boys turned to, and with
, pruning saws and axes, improved
. growing conditions on aoout two
acres. It is planned to have sev-
eral similar projects in the com-
. ing months.
Those participating were Steve
Bates, Charles Orant, Mike Hazel-
wood, Donovan Hitt, Ronnie and
Jimmy Larson, Jimmv Sample,
' and leaders Wad Thompson and'
' Tom Greathouse.
Oreathouse Is a district ranger
at Crescent.
. The boys are members of Troop
35 in the Modoc Area (Klamath
: falls) council.
10 per cent lower than 1953, ann i
extensions on deadlines lor filing
final returns. The dale for tax es
timates is still January 15, but if
the final return is fi'ed by Feb
ruary 15, no estimate will be re
quired. If farmers lile an estimale
by January 15, they have until
April 15 to file their final return.
Another important change con
cerns how expenses for soil and
nater conservation can be handled.
The farmer is now allowed, for
taxable years beginning after De
cember 31, 1953, to elr.cl either to
capitalize or currently deduct these
expenses. Howevri , once he
choice has been made, it is bind
ing for future years, Becker warns.
Such expenses can be charged
off as current operatu.g expenses
up to 25 per cent of the farmer's
gross income from farming during
the current taxable year. Any cost
above 25 per cent may be deduct
ed in the following years but
riot over 25 per cent oi the gross
in any year.
Further revision of the tax al
lows farmers a faster "write-off'
on equipment and farm improve
ments, the specialist added.
Tulelake Xmas
Part Planned
TULELAKE A 30-foot fir was
cut by members of the 20-30 Club
Sunday, December 5 and will be
set up at the corner of C and
Main Streets for the big annual
children's Christmas party spon
sored by the club. Date for the
party has not been set.
The tree will be put up and
lighted by the California-Oregon
Power Company.
Tentative , plans are for Santa
Claus to ride into town witb treats
lor an expected 500 young guest?.
Don Phillips, coach at the Tule
lake High School is chairman.
French Ask Big Four Meet
that it they are interested, prepar-jbe carried on through normal dip- ants said. There was no lmmedl
ations for such a meeting should . lomatic channels, the Paris inform-1 ute report oh the Russian reaotion
PARIS 11 With Biitiih and
American consent, France has ap
proached the Soviet Union on the
possibility of a four-power confer
ence on the German problem next
year.
Flench official sources said
Tuesday that, under uistruclions
from Premier Pierre Mendes
France, the French embassy in
Moscow last week delivered to the
Kremlin a copy of the premier's
United Nations speech Nov, 1 and
called Soviet attention to passages
in which he spoke of a possible
meetmg with the Russians next
1 May after ratification of the Paris
accords for West German rearmament.
The embassy told the Russians
No! Insurance Is not a side line
with the Hans Norland Insurance
Arency. 627 Pine St.i
i 'Animals Prefer
i
Warmer Water
Animals prefer water which Is
around 45 degrees or warmer. This
is particularly important to dairy
men and poultrymen since produc
tion falls off If animals don't
drink plenty of water, according
to the county agent's office.
Heater water is desirable in
areas having freezing tempera
tures. There are a large numoer
of electric tank heaters available
which ate relatively inexpensive,
ana the electric power cost is
small compared to the possible
returns.
Musicale To Be
Heard Thursday
A musicale will be presented at
Peace Memorial Presbyterian
Church, Thursday evening at 8
o'clock by the Rev. and Mrs. D. L.
Proett.
Mrs. Proett will do interpretive
readings and her husband will play
original descriptive music.
This recital is sponsored by the
Womens Association of the church.
The publio is welcome.
People Do Read
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