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mm ‘$avings for Fishermen— COURT HOUSE — Recent changes in New Jersey's Sales Tax Law contained a provision that exempted commercial fishermen and party, (head) boats from paying sales tar on vessels, repair^ and certain gear This law also provided for refunds of eligible sales tax paid by fisherman during the past two years. Those with questions about how to apply for the refund, what gear will be exempt or how to obtain a Certificate of Authority Number, should plan to attend the 7-30 p.m. meeting Thursday at the Extension Service Office, Dennisville Rd. A representative of the state’s Div. of Taxation will be present to explain the new tax, procedures and to answer questions.

New Execs At

* Kindred Shilling

WILDWOOD - Two flew executives recently joined the Marine National Bank, according to an annoync ment by James L. Billmeyer, president and chief executive officer. Clifford £R Kindred, nam&i assistant vice-presi-dent and trust officer, is a graduate of Muhlenberg College and received his

Marine i Masters degree from Lehigh University. FORMERLY OF the First National Bank of Allentown and Provident Muiual Lifq of Allentown. Resident of Pennsylvania, Kindred and his family will be relocating to the county area. Stephen R. Shilling, new trust administrator, is a graduate of Susquehanna University and Wagner College He has also spent time studying international -economics in Austria. Previously in the auditing defjartmeht of Horizon Bancorp, Shilling has recently moved’ to the area with his wife.

1st Peoples 6th Largest

HADDON TWP. - First Peoples Bank of New Jersey is now the sixth largest commercial bank in the Garden State, and is the 161st largest commercial bank in the nation, it was reported by American Banker, the daily banking

newspaper. As of June 30, 1981, First Peoples had deposits of $931.9 million and total resources, of $1.02 billion. As' such, it is the largest commercial bank headquartered in and serving Southern New Jersey.

Tighter Controls

On Tuna Sought

Violations Cost $200

TRENTON - Fines and coats totalling $200 for violations of the New Jersey Child Labor Law have been imposed against Mac’s Donut Shop, 1260 West Ave., Ocean %City. Details of the prosecution were issued by John J.

Horn, Commissioner of the Department of Labor and Industry. Judge John Mohrfeld found the employer guilty of the charges in Municipal Court Sept. 24, and assessed the employer $25 on each of four counts, plus

court costs of $25 per count. CHARGES INCLUDED the employment of two minors under the age of 18 without an employment certificate and the employment of two minors under the age of 16 after 6 p.m. and as late as 6a.m.

The prosecution resulted from an investigation conducted; by the Department’s Division of Workplace Standards Deputy Attorney General Mary Jane Cooper presented 4he state’s complaints on behalf of the division.

TAX FREE INCOME

A new federal lax law has crdated'the All Savers Certificate, b certificate of deposit available October 1. 1^81 through December 31. 1982 offering you:

• a minimum requirement as low as $5(X)

• a term of 12 months.

• a yield equivalent to 70% of the one year Treasury Bill (T Bill) rate

• insurance on your deposit by the FDIC. • a tax advantage . ^

Individuals: first $1,000 of interest earned is tax exempt Couples: fir,4t $2,000 ©(interest earned is tax exempt

PLUS GIFTS

WASHINGTON. D C. - Congressman William J. Hughes (D-NJ) has called for stronger effects to protect tuna fishery resources from overfishing by foreign vessels operating within U.S. waters. The South Jersey Congressman, who has'eosponsored legislation tb bring tuna under U.S. Fishery management jurisdiction, told administration and fishing industry representatives that the time has come for the United States to seek greater control over foreign tuna operations within 200-miles of our shores. HUGHES SAID the legislation is needed because the 1976 Fishery Conservation and Management Act establishing the 200-mile resource zones excluded tuna from U.S. managefnent authority because of the highly migratory nature of the species. Hughes' comments came during Congressional oversight hearings on the Act. As a result of this exemption, Hughes said, foreign tuna fleets have been allowed to fish for tuna within U.S. waters without having to be responsible to domestic fishery management authorities. Foreign fishermen have been allowed to take large numbers of these fish while American fishermen are subject to quotes established by the Fishery Management Councils. ACCORDING TO Hughes, foreign tuna

fishing operations off our coasts also result in’ a number of gear conflicts with domestic fishermen. Japanese tuna boats set lines as long as 60 to 80 miles. Because the lines are not anchored, they drift with currents and often end up causing damage to fishing gear belonging to American ^fishermen, Hughes said. Although Japanese tuna industry representatives have met with State department officials in an attempt to resolVe these conflicts, the agreements which have been reached are based only on voluntary cooperations. Real Thing: $1,000 WILDWOOD - Patricia Rubio of this city was a winner of $1,000 in the "Real Caps" promotion be,ing run by the Philadelphia Coca-Cola Bottling Co. in which cash prizes from 25< to $1,000 are being won by area residents by looking under the crdwns on Coca- • Cola products. Bridge Results AVALON \ Bridge results for Sept. 25 .were: 1st, Anna Grillo, 5630 ; 2nd, mma Fraim, 5380 ; 3rd, argaret Johnson, 4520 Avalon Bridge Retain October t 1 Marian Zuch 5.M0 2 Bert Hall 5,180 3 Jerry Embury 5,080

Yon should know: You can redeem six-month money market certificates before maturity and without penalty in order to purchase an All-Savers Certificate. At Guarantee we believe in meeting all your banking needs with the highest rates and greatest convenience You 11 hnd Guarantee offers the widest range of investment alternatives in the area. Visit your customer service represemative or call us (441-7120) before you invest. All-Savers Certificates, available October 5th have a, 12.14% yield The taxable

interest rate you'd have to receive to net. 12 14% after federal tax Is shown in this ,

chart

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