Newspapers / The Chowan Herald (Edenton, … / Dec. 30, 1982, edition 1 / Page 12
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Page 4-B New Facilities Finished Come January, the three year old Graduate Program at Elizabeth City State University will be greatly enhanced. When registration for one of seven graduate level courses takes place, on Monday, January 10, the recently completed $2-million Graduate and Continuing Education Center will be ready to house the program. Thus, classroom instruction shifts from Dixon and Johnson Halls, on the main campus, to the new site located at the intersection of Halstead Boulevard and Edgewood Drive. From his new office, now located in the Center, Dr. Ed ward A. lanni, Assistant Vice Chancellor for Academic Af fairs, commented, “In terms of facilities, just to be able to separate the operation of graduate and undergraduate programs a progressive step in the right direction.” “We wish to thank the currently-enrolled students and instructors from the cooperating universities for their understanding and pa tience while the Graduate Center was under construc tion,” he added. Encouraged by completion of the new facility; the level of participation by area in service teachers; and en couraged by continued cooperation from the Univer sity of North Carolina at Chapel Hill, North Carolina State University, and East Carolina University, the EC SU Graduate Center an nounces that courses in Acquisition Completed CHARLOTTE-North Carolina National Bank com pleted the acquisition gs, all the assets of Bancshares of North'Carolina Inc. and the merger of Bank of North Carolina, its principal sub sidiary, into North Carolina National Bank. While BNC officially became a part of NCNB December 23, the conversion of BNC offices into NCNB branches will take place in a phased-in approach during the first quarter of the new year. The phased-in approach is being used because of the size of the NCNB-BNC merger, which is the largest in the state’s banking history. BNC offices in Raleigh and in cities west of Raleigh will be brought into NCNB’s operations system beginning Jan. 21. The conversion of branches east of Raleigh will begin March 11. Each phase should take about two weeks to complete. Converting BNC branches to NCNB branches will in- Itemized Tax Returns HARTFORD, CONN- Federal tax rates will be cut next year. So if you itemize deductions on your federal in come tax returns, you pro bably know that deductions taken before Dec. 31, can be expected to save you more money than if you take them in the future. What you may have overlooked notes John T, Kearney, assistant vice presi dent for consumer service at Aetna Life & Casualty, is that interest you pay on life in surance loans ordinarily qualifies as a deduction on your itemized income tax return. “And if you’re like a lot of consumers, you may have significant interest charges that would be deduc tible if paid this year,” Kearney said. As a cash basis taxpayer (meaning that you account for income and ex penses as they actually oc cur), IRS regulations make it clear that interest is deducti ble in the year it is paid regardless of the year in which it accumulated. The significant factor, Kearney pointed out, is that many of those with outstan ding policy loans have allowed the interest to go un paid, meaning that the in terest was capitalized effec tively increasing the outstan ding principal on the loan. “fi|f .the vast majority of tax payers that interest would qualify as a tax deduction on their 1982 returns if some, or a# of it is paid in cash this Special Education, Occupa tional Education, and Elementary Education will be offered during the Spring Semester. Registration for the ECU graduate course, “Advanced Educational Psychology,” under Dr. William Logan, is set for January 10 at 6 P.M. On the following day, at 6 P.M., graduate students may enroll in the course, “Reading; The Learning Bases,” to be taught by Dr. Vincent Mikkelsen. Registration for all courses in Special Education, provid ed by UNC-Chapel Hill, is scheduled for Friday, January 14, at 4:30 P.M. Dur ing the semester, courses in“ Seminar in Learning Diabilities,” “Introduction to Communication Disorders,” “Working with Parents and Families of Handicapped Children,” and an Internship in Special Education will be offered. Instructors for the UNC courses include Drs. Lois Green, David Little, and Gilbert Ragland. With registration and class schedule to be announced, NCSU will provide one course, “Philosophy of Oc cupational Education,” dur ing the semester. Area in-service teachers and other eligible persons in terested in additional infor mation on the ECSU Graduate Program are en couraged to contact Dr. lan ni at the new Graduate and Continuing Education Center, or by calling (919) 335-3316. elude such things as sign changes and display of NCNB product literature in lobbies. During the conversion of BNC branches to NCNB of fices, experienced NCNB per sonnel will be assigned to each BNC office to assist with the changeover. In addition, BNC customers will be contacted directly con cerning conversion of their . accounts from BNC toNCNB. NCNB has exchanged 2,146,144 shares of NCNB Corp. common stock for all the assets of Bancshares of North Carolina, BNCTs parent company. This equals .9696 shares of NCNB common stock for each outstanding share of Bancshares. On Sept. 30, Bancshares had assets of $427.7 million, deposits of $371.3 million and 70 offices. The merger with BNC gives NCNB the largest branch system in the state, with 256 offices. NCNB assets, in cluding the acquisition of banks in Florida, should reach $lO-biUion by year-end. year,” he said. Kearney said Aetna has identified some 111-million of policy loan interest dating back to 1978. It involves over 26,000 policies where customers have allowed in terest charges to be capitalized. Although they were sent bills, they chose not to pay them, and allowed the interest to be added to the ex isting loan balance instead. Aetna is sending notices to these policyowners this month reminding them that payment of interest this year could save them money if they itemize deductions on their federal tax returns. Consumers with life ft*-, surance policy loans who don’t receive advice on mak ing outstanding interest payments should contact their tax advisor and in surance agent for more infor mation, Kearney suggested. “Circumstances vary enor mously among policy owners,” he added. “So pay ing all or part of the interest wouldn’t be the right step toe everyone. But if you itemize deductions and especially if you’re looking for deductions that can be used against 1962’s higher tax rate, this is one possibility you should consider.” According to tom* r*• mvchart, calory hat nag*- A-— * - live cwonn. n wkw hmi —*—. —.—— ■» Caiones to eei • pout or calory than’tha calory hot in it to bagiii with. ' ttffNfcx DON'T BE 1 Mi FOOLED BY P CLAIMS OF “LOWEST FOOD PRICES”! WINN-DIXIE URGES YOU TO JUDGE FOR YOURSELF! Week After Week After Week, We Beat The Stores That Claim To Be “LOWEST” In Head-To-Head Price Comparisons. < « , * , " * .. *• 54-roH pak Charmin Bathroom Tissue / fooo tv*. i 10oz. Maxwell House Coffee I OWN I 5-lb. Piltobury Flour I iFPI^ f I 3-lb. Crisco Shortening I I ; 2-Uter Pepsi I wo } ., I Lux Liquid / gpocfVv 3 99 : I 49-oz. Cold Power Detergent I pocriey n ». I Ctn. oM2/12-oz. Budwelser Beef / / %4b. Ruffles Potato Chips /C® .»o f 16-slngles Store Brand Cheese - JQ N-FOOO J-WQ. I I 12-oz. Store Brand Fwafcr-t. JAfeJUsi | , - 32-oz. VelveSa Cheese• • 1-lb. Carrots I > 1U / ’ Cetefy / *»■« - ♦•{Ji I, J 12-02. Store Brand Bologna / I 15-oz. Stokely Fruit Cocktail / war 59 1 I 8-oz. Morton Pot Pies / 1 S L I 10oz. Totlno's Pizza / I 1 / " IjMojfL' 1 I "wSUoDaTn I FOOD TOWN \ r TOTAL I TOTAL mmmmJL f ! | *26.30 I *29.16 “ M V - - '■ * V \*-■ • l y , Winn-Dixie s Combination Os EVERYDAY LOW PRICEBREAKERS, i And DEEP-CUT PRICE BREAKER SPECIALS l Offer You Unbeatable Savings. Make your own comparison and you'll discover what hundreds of thousands of Winn-Dixie Shoppers already know eeee - J I Vlk pzt : • • ' i, r , ... %■ ' •. : ;; \ ; NOBODY SAVES YOU MORE THAN WINN-DIXIE! J , •, * * ‘ ‘ / 'i * *’ ’ . .'**“• •* • --v*- e I . - v- ■' *' | yi : ' • - ■ r • $ • • • • • x • , • * . t-'hkiZ. ,: - ' ’ i t l ‘PRICE IURVEY DONE ON 12-2042 MAY HAVE CHANCS) SINCE THAT TIME. | Ml ■lj n ': ■■■■ ■— ■"" ■■■■ ■>■■■■■ ■ . THE CHOWAN HERALD Hwireday. Pwwmber >O, im
The Chowan Herald (Edenton, N.C.)
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Dec. 30, 1982, edition 1
12
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