Page 10-A
ffMetton Says State Outlook Is Good
Continued From P.«i>e 3-A
Alton's overview:
agriculture, muiuikicturing,
itmt tourism. He notes that
jjhhe agricultural industry
historically has been the driv
ing sores of the economy in
|hb eastern part of the state.
To a great extent, this is still
she case, although not to the
degree that it once was.”
The character of our
manufacturing base is chang
ing Melton explains; “we are
seeing an increase in more
technologically based in
dustry locating in the eastern
Country faring. We make long are reasonable And
septic tanks. term loans to fanners there’s no penalty for
wells, county and non fanners for prepayment
5 ordinances ranch buying, building, re Call or come
4 style, suburban, buy or modelling or refinanc by today.
” build it s the lan mg a home in the
guage of rural home country or a rural town _•
loans. And you need with a population of t*
to speak it to succeed 2.500 or less Our rates tnflfcf n here
We speak Rural are competitive, and 3 r v " ell
Home Loans our payment schedules
RURAL
HOME LOANS
spoken here.
™ Federal Land Bank
Association of Ahoskie
• Industrial Park
Phone: 482-4904
tnursdays 10A.M. -12 Noon
HClairof f l^TT<g.T'r J
Custom Care^oStee’ 1 aatj'trtwtßgtoß* V 1250 watt I artificial tffow
S!™ ElffißK a««" I hairdryer | RED Jfife
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ROPE CHAIN I 1/ BMB I PORCELAIN
ACCESSORIES J bOOKENDS 11 RING | ROCKER styl£
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I CANDY DISH 4 COVER | DISH | I HAND MIXER
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SUN LOTION "JU rm DEXATRIM CAPSULES MIRROR
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MUTUAL—For The Professional Prescription Service Your Family Deserves
HOLLOWELL-BLOUNT REXALL K1
MITCHENER'S PHARMACY fSj
region.” He adds that tourism
is the third major force in the
east.
Tourism, retail trade, and
the housing industry all have
shown significant increases in
business. And, as much of the
state’s economy is dependent
on a spinoff effect of the hous
ing industry, the textile, fur
niture, lumber and transpor
tation sectors have felt the ef
fects of a startup of housing.
Textiles and transportation,
however, have not shown
great improvements yet
because of other influencing
factors.
Agriculture is very complex
in Eastern North Carolina.
Melton says it may be a few
years before fanning again
shows a profit. He adds that
farmers and agriculture
department officials predict
1963 will be a year of stabiliz
ing efforts.
A number of eastern coun
ties reported to Melton an in
crease in inquiries for new in
dustry in the area. The most
impressive industrial growth
has been in Durham County’s
unemployment one of the
lowest in the state.
Unfortunately, low
unemployment is not the
norm for the region. “Hie
darkest shadows in the
economic recovery continue
to be in the area of unemploy
ment,” says Melton. Much of
North Carolina is seasonally
affected, with some sectors of
the economy subject to fhitua
tion based on the time of year.
Melton concludes his report
saying “our outlook for the
rest of this year depends to a
great extent on how well the
agriculture sector of our
economy performs. For now,
however, we can look for the
housing industry and the
related support industries to
enjoy the benefits of an upsw
ing in the economy.
In 1982, a difficult year for
all businesses, employment
among small firms declined
less than employment among
large corporations. A major
reason for the relatively good
performance of small com
panies in a recessionary
period was careful cost con
trol by small business owners,
preventing an accumulation
of unwanted inventories
among small firms. Studies
have shown that in reces
sions, small firms tend to re
tain employees longer than
large firms.
THE CHOWAN HERALD
■ ' —1 ■■■■'!■ HI
Power Plays
ContflUMld From Paga 3-A
comphaace with the Supreme
Court decision which states
that legislators cannot serve
in executive policy making
roles. The bill changes the
function of the ABC from a
policy making board to that of
an advisory board.
Beatty traced the concen
tration of power in the leader
ship to succession which gave
the Lieutenant Governor an
opportunity to serve eight
years, adding, “it should on
ly have been expected that the
Speaker of the House would
want to do the same.” The
next obvious move would be
for the appointees to
legislative committees who
sit on the ABC to also remain
in place.
Beatty calls for the total
removal of legislative
membership on the Advisory
Budget Commission saying
that it creates an atmosphere
of intimidation to the agency
heads who come before them
in the preparation of the
budget. He supports the Com
mittee on Constitutional In
tegrity recommendation that
the ABC be made up of non
legislators appointed by the
Governor.
He also urges that the
meetings be open to the
public, stating that “this type
of secrecy has no place in our
open society.”
The Committee on Constitu
tional Integrity, headed by
Tom Gilmore of Guilford
County, was organized as a
private, non-profit group of
political, business, and com
munity leaders to look into the
issue of separation of powers
in state government.
Small businesses account
for about half of the nation’s
total employment - or about
50 million people.
Pageant Winners Are Announced
Contimmd From fact 3-A
Esquire - Darren White.
Talent winner - Denise Leigh,
first runners-up Pam Spruill
and Valerie Sutton. Modeling
winner Sandra Chesson, first
runners-up Valerie Sutton and
Darren White. Miss Con
geniality • Pam Spruill, Mr.
Congeniality - Keith Welch.
Scrap Book winners - Shelly
Brothers and Valerie Sutton,
first runner-up - Pam Spruill,
Honorable mention - Yolanda
Sheilds.
Each contestant received a
special gift and a certificate.
Scholarships will be awarded
contestants as they enter the
college of their choice.
Members of Nu Eta Omega
wish to extend a deep sense of
appreciation to contestants,
supporting parents, families,
friends, business concerns
and the public at large for
contributing so generously to
the scholarship pageant.
Without you aid and support
this event would not have
been a success.
Preparations for the 1964
Miss Vogue/Mr. Esquire
FOR SALE
State Rd 1204
By Owner
.
~,1
Brick Veneer Great Room
Wall to Wall Carpet 2 Baths
Heat Pump 3 Bedrooms
Central Air Built 1979
Fireplace Large Lot
Call 482-8769
Stop Monkeying Around
—mil . | rn
'.%^LkAH9IPHMMMHMBSiSS^^JISI *• a, ->
Us • ■ f*
If you need a place to live ...
Lynnhaven may be your answer.
Lynnhaven is an FHA approved park located in a
quiet rural atmosphere
Located only 5 minutes from Downtown Edenton,
Lynhaven features large 100' x 150' lots with power,
sewage and county water already installed.
An example:
14' x 17' 3 BR, 2 Bath Fleetwood Home
|P*T»nan <-•'-'■'y p 1 - * ~ .■ —**•
125 Tax & Title Fee §fs§ 11 —ft
sl4 825 mm °° m jj * m>m ‘ _|
-1,500 Down Payment jj q] j-j ** '
$13,325 - $182.02 Month A • •’
55.00 Lot Rent ]
$237.02
TERRY JONES
Mobile Homes
Hwy. 32 North Open 7 days
* FI - tW °° d **»*" Commodn. PnEray R'AraM *
Pageant will begin soon. New
contestants will then be
notified and fundraising ac
tivities and clinics will begin.
Legals
Continued From Page 6-A
Public Registry.
SUBJECT TO restrictions and
aaaamanta set forth in that certain
Declaration of Restriction* duty
racordsd in Deed Book 19. pags 368
of the said Chowan County Regietry
The teal estate abort described shall
be sold subject to all outstanding ad
valorem taxes and special assessments,
If any. The highest bidder at the tale
shall immediately be required to make
a cash deposit not to exceed ten per
cent (10%) of the amount of the bid up
to apd including $1,000.00 plus live per
. cent (5%) of any excess over $1.000.00.
W.T. CULPEPPER, 111. Trustee
N W.T. Culpepper,lll
Attorney at Law
108 East King Street
Edenton, NC 27932
Apr2B,MayS,chg.j
During 1982, small business
limited borrowing from exter
nal sources by delaying
capital expansion, cutting in
ventories and applying
stricter controls on
receivables.
crossword
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more than 20. In France, 35. Tart 40. Siberian
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vehicles 21. Arab 3T. Algerian 41. Psrediae
17. River of garment seaport 43. Owns
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A SPECIAL BULLETIN
FROM
BEN RIDDICK JEWELERS
We have just received a parcel of Va
ct. diamonds, all very beautiful and of ex
cellent color and quality. Generally, this
grade of diamond will sell from *39s°° to
*49500 for a Va ct. stone. Can you
believe it; these will be sold for *27s°°
each, plus mounting.
fC \ For better values
\ in fine jewelry, see
WmSLj) ~Joy Ben Riddick
atyour jewelers in
j. ""O'"*’ B Edenton.
\ \ iftt* &ddick fymUtS
£4**trn, A/6
/rhurstliT. . a