/

wmm

30

Hirald A lanlem 10 November '82

Workers’ €omp. Premiums Drop

New Electric Co. Chairman

TRENTON ' Heginnins ^Jnn i premium rates for Workers' Compensation Insurance will decrease by an average MB per cent while benefits, based on the average weekly wafce-, go tip, according to State Insurance . Commissioner Joseph F. Murphy f In a recent news release, Murphy indicated the . decrease was made possible by the favorable loss experience of companies in 1981 on which 1983 rates ••are. based — ’and reflects ■ various social, economic and adffilhistrat-ive factors, including the impact of the Workers' Compensation Aot of 1980., , "As a result of the 14.8 per Vent decrease the net premium to In* paid next year by N.J employers wilt be*approximately $67 * million less than it would . have been without the rate revision." he said The Commissioner cmphasi/ed, however, that

since rates are calculated for some 500 job classifictions based on the experience of each, the decrease is an average and the actual effect on individual erdployeers will vary. Benefits are increasin'^" in 1983 based on the average weekly wage — a figure the Labor Dept, recently determined was $314 in 1980. The weekly minimum benefit for death, permanent total or lemporary total disability, apd permanent partial disability — fixed at 20 per cent of the average weekly wage — will increase to $63 The maximum Wnefit, * fixed at 75 per cent of the average weekly wage, will' increase to $236. .Currently the range is $58'to $217. The manual of 1983 rates was developed tfy the Dept, of Insurance’s Compensation Rating and Inspection Bureau.

CAPE MAY — Marine National Bank supports the Cape May Chamber of Commerce Tulip Festival by planting hundreds of tulip bulbs at their Cape May Branch. I>en Catanoso. (left) is shown receiving instructions from Harry Lorour. chairman of the Chamber planting committee. Overseeing the start of the planting are Sue West (loft), customer service representative, and Debbie Klug,

branch manager.

4

AUantifc Electric’s Board of, Directors, as part of a planned transition, elected John D. Feehan Chairman of the Board of Directors, effective January 1, 1983. Feehan wiU continue to serve as . president and chief executive officer’ of the Company. Feehan replaces Alfred C. Linkletter who will be retiring as a Director in April, 1983 under the retirement policy of the Board of Directors. Linkletter has served the company as a director continuously since 1970 and as chairman since 1977. Linkletter is a former senior vice president of The Prudential Insurance Company of America and is.cur-

Private Lenders’, Farm Aid

Guarantee Names V.P.

ATLANTIC - Guarantee Bank President and’Chairman Joseph F. Bradway Jr. has announced the pro-

motion to

t vice presi-

| dent of David R c pici, a f o r .m/C r Branch

Officer. ^

_ ’Bradway

made the announce- : ment follow ’ ’ ing a•recent

Kepicl board of ^directors meeting in -At

lantie’City

Repici is responsible for the administration of nine

t

offices in Cape May, Cumberfand, and Gloucester counties. He joined Guarantee Bank in July 1977 and has held sUch positions as branch manager, assistant vice president, and business development officer. •A native of Cape May County, Repici graduated from Middle -Township High School in l%9. He was graduated from Mi^mi ' Dade Junior College in 1975 and from. Stockton State College in 1977. He resides in Court House with his wife ITeborah. and daughters, Lauren' and Taryn.

ROBBINSVILLE - Private lender participation in farm operating loans is up sharply this year at the U.S. Department of Agriculture’s Farmers Home Administration, James Gouryeb, New Jersey State Director, says. Gouryeb credited participation lending and other cooperative efforts of Federal and private

lenders with successfully providing needed agricultural credit for numerous hard hit farmers in New Jersey during 1982. HE SAID THE USDA agency will continue to enlarge its role with the private sector in making . farm operating loans to meet the anticipated heavy demand for credit in crop year 1982. He attributed the in-

Jaycees Win Honors

WILDWOOD - The. Greater Wildwood Jaycees placed second in overall honors at the New Jersey Jaycees second quarter assembly . in Mt. Laurel Oct. 22 and 23. Close to 200 chapters competed for honors awarded based on ability to present leadership training

Hey; Mister! Hit paydirt at , Mister Donut. Buy a dozen donuts and get a1983 NFL Appointment Book Free! )um Why nhc dozen Mister>Domjl donuts'- itriy kind, any flavor and the appointment b<x>k is yours It’s free while supplies last It has all the excitement of the season, from the opi-ninu kick-off ri^lu up to the Super Bowl , rxi iimfi 4 eolor aetion photography too 1 Plus it v i,onions a Veal * supply of coupons worth over $5 00 You II love Mr' Donut donuts They’re hnkeyj fresh,.day .ind hi|>ht Peliiimis, miuith-watetinn donuts vmi just can t buy anyplace else Stop in now I in appointnienj l«Htks 4 fresh donuts 'at participating Mister Donut stores! , ^ (tffer good while supply lasts. . I imit one hook per customer.

to local memberships. Programming consists of three major areas; individual development, community involvement, and manage-

ment training.

Over 25 programming awards were presented to the Wildwood organization. Among other honors, the chapter placed first in their division, and received the Fathers Club , award for

running projects^ e d some ^0 1 youngsters. £

Individual^ chapter members receiving honors were: Pat McCrone, First

*> .awi

KjtiTthat serv- ) 1 local

crease in participation lending directly to cooperation between the USDA and rural lending institutions. •THROUGH participation loans involving commercial banks and lo<*al members of the farm credit, system, we stretch our HmUed funds, making them available to those who need help most," Gouryeb said. "In many cases, the agency has

subordinated its security to

the private’ lender, helping borrowers stay with their regular credit sources. While the participation loan may begin with either a private or public lender, Gburyeb said the USDAinitiated effort begins at the county level when borrowers and a Farmers Hqme county supervisor review the borrower's "farm and home plan,” which is the credit and economic blueprint for the borrower’s crop year. •WHEN THE PLAN shows a need for more

< operating credit than the

agency by law can supply to an individual, or when the plan shows that private

Timers winnerr Neil .Fisch _ cre dit can be utilized for

(chapter Individual Development vice president), Springboard ol the quarter and competed in state Speak-up finals; Joe Baals (chapter secretary), Spoke of the quarter; and Lou Mangos (chapter Management Development vice-president), Spark

Plug of the quarter.

the borrower’s needs,

local lender is contacted," Gouryeb said. "If the local lender can make the loan, the USDA, agency may subordinate part or all of its security in favor of the local lender — in effect giving the private lender first rights to collect its debts in

the event of default.”

rently a consultant to the First National State Bank of New Jersey. His 12 years on the Board of Directors of Atlantic City Electric Company, and his five years as chairman, were marked by outstanding leadership and his qualities as a statesman and executive were proven time after time. Feehan has served as a director, president and chief executive officer of the company ,slnce. 1973. A graduate of Stevens Institute of Technology, Feehan joined Atlantic Electric in 1952; and has served as officer of the Company since 1967. He and his family reside in Brigantine, N.J. Joins Varig WILDWOOD - City resi- ' dent Jonathan D. Rubins has recently been appointed as a sales representative for Varig Brazilian

Airlines.

Formerly with Allegheny Commuter- Rubins has been promoting Varig’s services in the Philadelphia area since September 27. Hospital Gains From Avalon Run Avalon - The comprehemsive Epilepsy Center of The Graduate Hospital was the benefactor of the 1982 Avalon, New Jersey, RUN FOR LIFE. Anthony J. Zurawski of Avalon, N.J., who is the founder, coordinator and Run sponsor, presented a $6,000 check to Joan Sterrett, executive director’of Graduate’s Comprehensive Epilepsy Center, at, the hospital’s 19th and Lombard Streets entrance in Philadelphia on October 8. Each year, Zurawski selects a different organization to benefit from the Run’s proceeds. The five-mile run raised money through entry fees and donations from Avalon businesses. The 1982 Run was the most financially successful thus far, with nearly 1,000 participants. The Run Committee members are: Robert Verdone and Chris Tatreau, both of Philadelphia; Denise Pansire of Columbia, MD; Dolores Eckert of

Avalon.

(Mister Donut. /TS\ tMI»N»TION»l (0) MULTI FOODS

81 Dennisville Rd. Cape May Court House ^(Between Jametwoy and Murphy'* OPEN 5 AM-1 AM 7 DAYS A WEEK 465-9033

NEW! 'energy , EFFICIENT

TWO-SPEED BLOWER FOR YOUR KEROSENE HEATER

Mokes your present heater more efficient os it automatically circulates warm air quickly! Uses ly 20 watts per hour!

. IMPROVES AIR CIRCULATION! - REDUCES AIR STAGNATION! • LIGHTWEIGHT & PORTABLE! • ADJUSTABLE MOUNT!

$3995

CAPE MAY LUMBER Myrtle Ave. at Park, W. Cape May 884-4488

I Mon.-Fri. 8-12 and 1-5 | Saturday 8--1