The Dallas post. (Dallas, Pa.) 19??-200?, October 07, 1981, Image 7

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THE DALLAS POST, WEDNESDAY, OCTOBER 7; 1981 PAGE SEVEN
row: Leo Baranowski, Steven Stash, Edward
Baranowski, Henry Sobieski, Paul Salansky, Stanley
Filipowski, Edward Levi, Nadine Carichner, Steve
Salansky, Ruth Shouldice, Sophie Salansky, Margaret
Elencik Harrison, and Doris Fela. Back row: Joseph
Urick, Mr. Morris King, Albert Levi, Leonard Sibieski,
Helen Urick Niezgoda, Betty Sholtis Gutch, Agnes:
Elencik Manzoni, sylvia Fela. Photo submitted by Mrs.
. Steve Stash, who eame to school two years later.
WITH FOND REMEMBRANCE=-The Oakdale School,
Jackson Twp., 1934. Morris King was teacher at the
time. He is iow In His nineties, and fives in Shavertown.
While it may be difficult to identify the students, it may
help. the reader to.start with the two boys at left in
knickers and the two girls at right, one with white
stockings aiid the other with the long coat, as the first
rew. They are, Alfred Baranowski, Edward Sobieski,
Elda Murray: Lomax and Roslyn’ Varanowski. - Second
THE COUNTRY FAIR-The Women’s Fellowship of the Church of Christ Uniting in
Kingston will sponsor THE COUNTRY FAIR on Thursday, Oct. 22, 10 a.m. to 8 p.m. in
Fellowship Hall. Mrs. Andrew Paterson, chairman and Mrs. James Mac Intyre,
cochairman, named the booths for the fair at Christmas, The Thimble Box, Plants,
Jewelry, Baked Goods, Toys and Games, Books and records, Arts and Crafts, and
Attic Treasures. Lunch and dinner will be an added attraction. Members of the
committee, are, left to right, Mrs. Stanley Semmer, baked goods; Mrs. John Eidam,
plants, standing, Mrs. Thomas Roberts, Plants, Mrs. William Davidson, baked goods:
and Mrs. Frear Scovell, hostesses.
ware [FOX HUNTER
rep at Dallas
A representative from
ee ; JUNIOR & MISSY SPORTSWEAR
the admissions office at Corner N. Main & Union Street
Downtown Wilkes-Barre «329.
Lock Haven State ‘College
PILOT OUR $9 49
will visit the guidance
office at Dallas Senior
PANTS nes. 22 PRicE
CORDUROY and SUPER SUEDE
High School, Tuesday,
JEANS 9 1
Oct. 6, at 2 p.m. to meet
OUR
TOPS
with guidance counselors
and to confer with
students interested in
furthering their
education.
Students will have the
opportunity to hear about
and discuss information DESIGNE
on admissions proeedures: ST
and requirements, costs, " NOW AS
eg. $25.00 LOW AS
financial aid, student life,
and a summary of the 35 STORE HOURS: 10 fo 5
hot Daily (Closed Su Thurs. Night ‘119
‘ .» PLENTY OF ariaye, Thy gh
ANNUAL INVESTMENT YIELD
12.14%
THROUGH OCTOBER 31, 1981
TAX-EXEMPT
$1, 000 per iNDIVIDUAL
LIFETIME FEDERAL TAX EXCLUSION
degree programs: offered |
by Lock Haven State
TAX-EXEMPT"
NOMINAL RATE*
(IN THE CASE OF A JOINT RETURN)
$2,000 %
LIFETIME FEDERAL TAX EXCLUSION 1 1 623 0
A) Es THROUGH OCTOBER 31, 1981
ARTY
CA H
We're now open for business . . .
the largest and most experienced waterbed
dealer in N.E. Pa.!
COMPLETE KING SIZE
WATERBEDS startar ¥ THE ALL NEW WNB ALL-SAVERS CERTIFICATE MAY BE IDEALLY SUITED TO YOUR SAVING NEEDS.
THE ROBBINS NEST 4 BELOW ARE THE MOST-ASKED QUESTIONS CONCERNING WNB ALL-SAVERS CERTIFICATES AND
'n The Showcase 649.51 Wyaming hve. Kingston ff. ANSWERS INTENDED TO HELP YOU EVALUATE WHETHER ALL-SAVERS CERTIFICATES ARE FOR YOU.
HOURS: Daily 10-8 ® Sat. 10 ix ee : : :
a Iga 8 IMPORTANT QUESTIONS AND ANSWERS
; is i :
4 vailable iL
SE I ; Q. WHAT IS THE TAX- EXEMPT wHB ALL-SAVERS Q. HOW LONG WILL YOU BE ABLE TO EARN THIS
CERTIFICATE? # TAX-EXEMPT EXCLUSION?
A. The tax-exempt WNB All- Savers. Certificate is a ; "A. First of all, you must purchase an All-Savers
one-year certificate, issued anytime from October Certificate between October 1, 1981 and December
1, 1981 to December 31, 1982. 31, 1982.
Although no further All-Savers Certificates will be
If you didn’t get your balloon at the
Luzerne County Fair, don’t cry —
we'll be back with more balloons next
year!
It was a tremendous pleasure to work with somany un-
selfish Back Mountain volunteers at the Luzerne County
Fair this year ... and it was a valuable experience to meet
so many Luzerne County residents who stopped by our
booth to tell us their favorite business and to get a free
balloon... ortwo... orthree.
This experience left us with a great feeling about you - and
about how you react to our money-saving promotions
which arrive at your home three times-a-year.
It was the best...
WHO SHOULD BE INTERESTED IN INVESTING
AND WHAT 1S YOUR MINIMUM INVESTMENT?
Individuals with a taxable income of approximately
$15,000 or those in the 30% tax bracket and above
may banefit from All-Savers Certificates. The mini-
mum deposit in an All-Savers Certificate is $500.
WHAT iS THE RATE OF INTEREST BASED ON?
The Certificate will have an ‘annual investment
yield equal to 70% of the average yield on 52-week
Treasury Bills.
The rate will be based on the Most recent auction
(before the week in which the certificate isissued).
The rate of interest at the timé you are issued
your: WNB All-Savers Certificates remains: the
“quarterly. Payment of interest quarterly will lower
the annual investment yield. - ©
WHAT IS TAX-EXEMPT UNGER THESE NEW
SAVINGS-CERTIFICATE REGULATIONS?
The interest is tax-exempt gp 10 certain maxi-
mums: The amount that anyone may exempt from
federal income taxes under the new provisions is
limited “to" ‘a _lite-time federat tax exclusion of
$1,000(82,000 in the case ot a joint return).
If for example, you as an individual receive $800
of All-Savers interest in 1982 and $500 in 1983.
only. the tirst $1,000 of interest income is tax:
exempt.
- \In the case of a joint return; if both parties
receive $1,600 of All-Savers interest in 1982 and
$1,000-in 1983, only the first $2,000 of interest is
tax- in :
“a
issued after December 31, 1982, the interest paid
on such certificates issued through December 31,
1982 will be entitled to the exemption.
This means that all of the interest tax-exempt
under the certificate will be earned by December
31, 1983.
DO CORPORATE FUNDS QUALIFY: FOR ALL:
SAVERS CERTIFICATES?
Yes. But interest paid to corporations will bé fully
taxable.
The interest paid on All-Savers Certificates is
tax-exempt on a federal tax return only when
earned by an individual or an ‘estaté which
acquires that certificate due to the death of that
individual.
CAN | CASH IN MY ALL-SAVERS CERTIFICATE
PRIOR TO MATURITY?
Yes, you may. An early withdrawal will eliminate
the tax-exempt status of your certificate. Also,
A SUBSTANTIAL PENALTY is required by. law in
the event of an early withdrawal.
CAN | CONVERT MY PRESENTLY HELD WNB
CERTIFICATES OF DEPOSIT INTO A WNB ALL-
SAVERS CERTIFICATE?
Yes, if your presently held WNB Certificates will
mature in less than 12 months, you may convert,
without a pre-payment penalty, and invest the
proceeds in a WNB All-Savers Certificate. Pro-
vided, the rate in your converted Certificate of
Deposit is equal to or higher than the All-Savers
Certificate.