TUESDAY, MARCH 20. 1956
HERALD AND NEWS, KLAMATH FALLS. OREGON
PAGE NINE
British Stop
Cyprus Riot
NICOSIA, Cyprus (UP) Hun
dreds of flag-waving Turkish cyp
riots swarmed through the streets
of Nicosia today smashing Greek
shop windows and shouting for re
venge against Greek Cypriots.
They ran head-on into a tear gas
barrage by British security forces
trying (o avert bloody island-wide
clashes between Turkish and
Greek residents.
The mob, shouting "We want re
venge," was stirred up by eye
witness reports of a clash between
Turkish and Greek Cypriots in the
northern coastal town of Vassilia
yesterday.
The reports said 38 persons were
injured: many of them Turkish
women and children beaten by
Greek villagers in retaliation for a
Turkish stone-throwing barrage.
Violence today erupted in Metax
as Square after the Turks had
marched to the Greek section
through city streets.
, Windows of at least two Greek-
owned shops were smashed. Other
Greek shopowners, obviously an
ticipating the violence, had their
windows shuttered.
The mob spotted a Greek photo
grapher taking pictures of the
demonstration. They beat him to
the ground and smashed his cam
era. Two Greek reporters were
chased into a cafe where they
barricaded themselves.
The mob then turned toward the
Turkish consulate but British
troops armed with Sten guns
blocked the way and turned it
back. A Turkish leader had sched
uled a speech there.
As the demonstration started,
British officials reported that an
18-year-old Greek Cypriot was shot
and seriously wounded by security
forces when he failed to answer
a challenge during the night at
Etroumburi village.
Jackson County
Assessor Dies
MEDFORD The Jackson
tounty Assessor, Robert G. Fowl
er, Is dead at 74. Fowler died in a
kcspital here Sunday. He was
elected assessor in 1953 after a
Varied career in public life.
He became a 4-H Club agent
after graduation from college,
Ind later was county agricultural
Kent here until his retirement In
1947. Then he served as a farm
adviser for a Medford bank and
was In the real estate business!
He was elected county assessor
at the age of 71, and was holding
that post at the time of his death.
I XcV
S ' ' -I ' -
f l. i, 1 . f ' t J
TYING IN THE START of the big Rainier Beer "Bloclc-Buitar" advtrtiiing campaign with th
good Klamath Falls weather were these Rainier officials. Left to right: Ray Hagerman, and
Chuck Solomon, partners in the Klamath Distributing Company; W. C. "Bill" Malk, assistant
sales manager for Oregon; Clyde Huntington, district sales supervisor. Sicks Seattle Brewing
and Malting Company, brewers of Rainier, is the second largest user of Klamath Basin Hann
chen barley.
PNW Senators
Split On Vote
WASHINGTON (J The Pa
cific Northwest's senatorial dele
gation split, with one exception,
along party lines In crucial vot
ing on the farm bill in the Senate
Monday.
On an amendment to boost price
support levels for wheat, cotton
and corn, the voting found Dem
ocrats Jackson and Magnuson of
Washington and Morse and Neu
bergcr for and Republicans Welk
er and Dworshak of Idaho against.
The amendment passed, 50-44.
Morse joined Welker and Dwor
shak In voting for an amendment
to deny price supports, effective
in 1957. to most farmers U they
fail to participate in the soil bank
A Beautiful Memorial
Is Like Fresh Flowers Every Day
Clarence Ward
Klamath Monument Co.
Representing Oregon Granite Co. of Medford
and Meyerjohn-Wengler
925 High St. Phone 3334 or 9333
iP Wrtt MAKM
program. Magnuson, Neuberger
and Jackson voted against. The
amendment vi&s adopted, 48-46.
The Democrats were for and the
Republicans were against as the
Senate adopted, 49-44, an amend
ment to assure that farmers re
ceive the government support
price or a fair price In Agricul
ture Department purchase pro
grams.
More Depreciation Angles Described For Income Tax
(Editor's Note: This is the sec-
ond of two discussions treating as
pects of depreciation, with empha
sis on tax savings. The "sum-oi-the-digits'
method was discussed
previously. Prepared by the Oregon
Association of Public Accountants'
tax information committee, this
discussion is presented by the Her
ald and News as a reader service.)
The changes made by the Inter
nal revenue code of 1954 in the
methods of computing depreciation
have created new interest in the
declining - balance method of de
preciation. The declining balance
method, sometimes called rapid or
accelerated depreciation, has long
been recognised by the accounting
profession but very rigid restric
tions were placed on its use by
the revenue code.
With the passage of the 1954
code, depreciation at twice the
normal straight-line rate Is al
lowed the first year. This same
percentage rate Is used In the suc
ceeding years, but the depreciation
is computed on the balance re
duced by the former depreciation
allowed.
The 1954 code carries a provi
sion that allows the disposal of
the residue balance that will re
main under the declining-balance
method in that the taxpayer may
change to the straight-line method
without permission of the Treasury
Department.
Certain restrictions have been
placed on the use of the declining
balance method of depreciation:
1. The rale cannot exceed twice
the rate allowable under the
stralght-llne method.
3. Only assets with a useful life
of three years or more qualify.
"the nicest people
go on the
Shasta Daylight'
outhern pacific
0 SAN FRAN.
TO PORTLAND
$11.25 Plus Tax .
$9.81 Plus Tax
3. The assets must be purchased,
constructed, reconstructed or
erected by or for the taxpayer af
ter December 31. 1E53. and only to
the part of the property's basis at
tributable to construction, recon
struction or erection after Decem
ber SI, 1953 or any new properly
acquired after December 31, 1953,
provided the taxpayer Is the origi
nal user and commenced use after
December 31, 1953.
The advantage of this method is
the recovery of the larger depre
ciation expense In the early years,
which Is the time that the main
cost is usually expended. Many
items depreciate more in the early
years autos, for instance and the
declining-balance method followa
closer the actual depreciation bus
tained. It also allows greater de
duction when needed to of set cost
payment.
The main disadvantage is that
the later years have very little de
preciation for tax purposes. In
many cases the added cost of re
pairs as the assets will wear out
will offset this item.
The tax information committee
cautions that there are a number
of complications in the use of this
method of deprectat'on that should
be explored fully. It is recom
mended that your public account
ant's advice be secured before a
decision Is made as to the method
or methods to follow.
II
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