* Herald & Lantern 30 May '84 t)(JSIID6SS 1 1 57

ADMINISTRATOR — Paul Ekstrom of Goshen has been appointed assistant t vice president and regional administrator of First National Bank of Toms River's four newly acquired branches in Cape "» May County. A lifelong resident of the county, he and his wife, Joan, have two children. He is a member of Our Saviour Lutheran Church, Stone Harbor; Lower Township Kiwanis and is a past member of the Cape Education Fund.

FBI Agent Will Speak COURT HOUSE - Special Agent John Reemer of the Federal Bureau of Investigation will be the guest speaker at the next meeting of the Middle Township Chamber of Commerce 7:30 p.m. June 4 at the county library. His topic will be organized crime infiltration into legitimate business. Those planning to attend are ask-' ed to notify Frank Ross, vice president, at 465-4331. The chamber has given its support for bringing more sewers into the townhip. It was agreed to write a letter to the township committee urging that efforts to expand sewerage be stepped up.

Interest Threat To 'Construction

WOODBRIDGE - Rising interest rates - fueled by recogfi federal deficits and a more restrictive monetary policy-threaten to send the economy on another "rollercoaster ride", flowing housing construction in the second half of the year as well as the pace of the overall recovery, David B . Jackson, president of the New Jersey Builders Association, warned recently.

NJBA is a professional trade group representing more than 2,000 firms in the housing and construction in indusdtry. Jackson, a home builder from Summit, blamed the most recent round of increases on a "mismatch of economic policies" being pursued by Congress, the Reagen ' Administration, and the Federal Reserve Board. In the past two months, the prime rate has risen nationally from 11 percent to 12 1/2 percent and fixed rate mortgage loans have moved up a full percentage point to about 14 percent. RISING INTEREST rates reduce the number of Americans who can purchase housing, and that means less jobs and more unemployment. At 13 percent, the rate two months ago, the payrtient on a modest $60,000 mortgage loan was $664 a month, requiring an income of about $31,000 to qualify. At today's 14 percent interest, the payment rises to $711 a month, requiring an income of more than $33,000 to qualify," Jackson said at a recent NJBA meeting. He added the solution Ues in Washington. "On the one hand we are ruiming] up deficits at a rate ofy$200 billion year after' year. On the other, the Federal Reserve is committed to a more restrictive monetary policy that is bound to slow the pace of the recovery. Caught in the middle of these diametrically opposed policies are investors, businessmen, and consumers who invest or borrow capital, and who, in the final anallysis represent the heart of the economic recovery," the NJBA^resident said. To avoid further in creases in interest rates. Congress should, enact within the next 30 days its budget plan for 1985 that would cut the deficit up to $200 billion over the next —three years Jackson added thatme Federal Reserve Board slipuld not overreact by slowing the economy too abruptly f In recint weeks, NJBA

has supported several proposals ih the Senate that would cut the deficit by freezing spending entitlement program increases, andraising taxes. Thus far. these plans have failed to ''clear the Senate. | '

Marine To Accept Tax Bills WILDWOOD - Residents of Upper Township may now pay current and future real estate tax bills at Marine National Bank's Marmora office, it was announced by Philip W. Koebig III, president and chief executive officer. Marine National Bank is collecting these taxes as a public service to the residents and government of Upper Township. It is the first such real estate tax collection agreement of its kind in Cape May County. Any township resident owing current or future real estate taxes may pay them at the bank's Marmora office during regular banking hours. There is no charge for this service. Upper Township residents who live in the Marmora area and senior citizens may find paying their real estate taxes in Marmora much more convenient than at the Township offices in Tuckahoe. Marine's marmora office is at 22N R'oosevelt Boulevard in the Avalon Real Estate Professions Plaza.

FENCE CO. don heathcote, owner Custom Built Wooden Fences Manufactured In Our Own Mill RESIDENTIAL - COMMERCIAL I simmm pool immuscs i wiitvuouno (■ "ggjgw"'v,cYFiMC! |||§ : ■; SPACED STOCKADE j ' SPECIALIZING IN CHAIN LINK FREE ESTIMATES OfFICE | 522-6640 324 LAKE VIW LA CAM HAT H MILL 861-4031 I CHUfCH IM I IH n MBWUI ; "••••Vs w • • ■ " • ' AAA! A-Jt-AAt- • *.• A

Training Set SWAINTON - A Homemaker. Training Course is being offered at Holy Redeemer Visiting • Nurse Agency, Brook* Avenue, June 4. For further information call 465-2080. ( Laic Degree STONE HARBOR - Tim F. Wilson, son of local residents Mr. and Mrs. Robert Wilson, was presented with a law degree May 21 at graduation exercises at the University of Mississippi at University, Miss.

. I § oIIh o S Doris M'dfrf OUTSTANDING JAMESWAY — Jamesway Corp., with X0 stores in the Mid-Atlantic States, has presented Us Cape May Court House store with a trophy as 19X3 "Store of the Year." Left to right, Joe Matise. loss prevention manager; Joe Radecki. Jameswa> senior vice president for operations: Norma Pennington, assistant manager: Jim McNeil, district manager; Al Madison, store manager; Sally t'athell. assistant manager; Wes Smith, assistant manager; Gerald Fitzgerald. Jamesway vice president, personnel; and Bernard Robinson, assistant manager. \ rN , ^

f0^OORS, WINDOWS, GLASS — T- — AWNINGS, PAINTS | HOME CENTER — 2500 Bayshor* Road ...... G6NE .... j Villas, law Jarsey 08251 • 886-2701 J J,M J At CREST Savings — m) And Loan Association ill *3sjgoodtime , A/jr TO OPEN A _ c M MONEY MARKET FUND ACCOUNT Main Officn I r-.T,.- I Bmnch Office 5406 New Jersey Avenue, rjLlL 113 E. Wildwood Ave., Wildwood Crest — ?•- Wildwood I 522-5115 522-1435 LOW MINIMUM OF $2500 SAFETY-INSURED-UP TO $100,000 HIGH M0HEY MARKET RATES GUARANTEEDLIQUIDITY ^CAL^tTHER OFFICE FOR ^ADDmONAL II^RMATlONl ; ' k