Cape May County Herald, 1 May 1985 IIIF issue link — Page 45

business.

mg VOLUNTEERS HONORED — Tribute was paid volunteer workers by Bordette Tnmlin Memorial Chapter recently as part of National Volunteer Week. In front of lobby display with slogan. Volunteers add that special touch', are. left to right. Elmer Hewitt. Stone Harbor; Florence Watner and John Warner, both of Avalon. Jt

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Horizon Income, Assets Up MORRISTOWN - Horizon Bancorp has reported that net income for the first quarter of 1985 was $7,248,000 up 6 percent from the $6,818,000 reported in 1984 Net income per common share was $0.80 up 4 percent from $0.77 for the prior year. Horizon Bancorp had total assets of $2,645,148,000 compared to $2,502,390,000 a year ago — an increase of $142,756,000 or 6 percent. Deposits increased to $2,254,121,000 from $2,098,052,000 at the end of March 1984, up 7 percent. Net loans at March 31, 1985 were $1,762,324,000 compared to $1,626,447,000 a year ago, an 8 percent * increase. William J. Shepherd, president and chief executive officer of Horizon, said, Our^first quarter earnings . increased modestly due to continuing loan growth and a better net interest margin. Horizon continues to be one of the most profitable large banking organizations in the state. First quarter results show a return on average assets of 1.11 percent and a return on average shareholders' iavestment of 16.5 percent. These results have been accomplished within the framework of an ambitious branching strategy statewide." Horizon Bancorp consists of Horizon Bank. Horizon Trust Co.. Horizon Trust Co. of Florida. Marine National Bank with Cape May County branches and Princeton Bank. Minimum Tax Call WASHINGTON, D.C. - Congressman Bill Hughes (D-NJj has introduced legislation to impose a minimum tax on profitable corporations and wealthy individuals which currently pay no federal income taxes. Hughes cited investment tax credits, accelerated cost recovery, and tax shelter schemes, as among the principal reasons why many wealthy corporations and individuals pay no fWeral income taxes. * " When incentives virtually wipe out all income tax liability, it's obvious that we've gone beyond what's reasonable. It's tantamount to corporate welfare," Hughes said.

Secure Same-Day Surgery takes more than a skilled surgeon, it takes a hospital. Physicians at Shore Memorial These short-stay procedures, Beginning in May, when Hospital ^perform a variety 6f in tune with today's lifestyles Shore Memorial's major ex-same-day surgical procedures... and the need for cost contain- pansion and renovation project from cataract removal and ment, are best performed will be complete, Same-Day interocular lens implants to within the safety and security Surgery will be even more minor orthopedic, pediatric. of an acute care setting such convenient for local residents, cosmetic, gynecological and as that provided by Shore A new Same-Day Surgicenter, s other operations, including Memorial Hospital. offering brand-new reception some types of hernias. Here, comprehensive life- and waiting areas and addisupport systems and high- tional operating and recovery /JKkA tech capabilities are coupled rooms, will improve the capa- ^ with the skills of a large staff bilities and amenities of this of experienced medical per- rapidly developing service at sonnel to provide maximum your community hospital, assurance to the patient Shore Memorial Hospital. Where acute health care is comprehensive, cost-effective — Caring tor the People ot South Jersey - Memorial \ Uy Hospital Jersey J w - ■ . r - — — : ■ , - J - — T " ♦ * ■ ■ ■. ' -