Honored
Five consecutive years of perfect attendance was recently completed
by John T. Seago (right) who works as a Foreperson for Faberge, Inc.
John was presented a watch by the company's Vice President of Per
sonnel, Roland Williams, for his accomplishment.
Business Notes
The Southern National Cor
poration, which operates a bank in
Raeford, has declared a cash divi
dend of 33* per share. It will be
payable on February 1, 1985 to
shareholders on record on January
16.
Southern National Corporation
has a policy of paying approx
imately one-third of net income as
dividends to shareholders. Since
1972, the dividends have increased
each year, rising from 51? in 1972
to the presenNannual rate of $1 .32,
or 33<t per quarter.
Southern National Corporation
is a one-bank holding company
operating a total of 93 different of
fices in 41 cities and towns in
North Carolina. The shares of the
company are traded in the Na^
tional Over-The-Counter market
under the symbol SNAT, -
Family Dollar Stores, Inc.
(NYSE symbol FDO), a discount
store chain operating 845 stores,
including one in Raeford, in a 15
state area ranging as far north as
Pennsylvania and Ohio, south to
Florida and west to Arkansas and
Louisiana, has reported record
high first quarters sales and earn
ings.
For the first quarter ended
November 30, 1984, sales were
$93, 1 12,773 or approximately 21 It
above sales of 177,258,227 for the
first quarter of the prior fiscal
year.
Net income was $5,778,973 or
approximately 20^# above net in
come of $4,821,447 for the com
parable quarter, and earnings per
share increased to $.30 from $.25.
The Company also announced
that sales in December 1984
established a new one month sales
record in for Family Dollar. In
that month, sales increased to ap
proximately $64,350,000 or 18Vo
above the then record one month
sales of $54,732,850 in December
1983.
? ? ?
The House of Raeford in con
junction ? with Operation Sickle
Cell, ItnaM Favctteville wxwsored ,
a sickll c&n scrcenrhft oil Wednes
day January 9.
About 55 employees took ad
vantage of the clinic.
? ? *
The Board of Directors of Burl
ington Industries, Inc., declared
the regular quarterly dividend of
41 cents per share, payable March
1, 1985, to shareholders of record
at the close of business January 28,
1985.
Employees recognized
Seventeen employees were recently recognized by Faberge, Inc. for
having completed one to five years work with perfect attendance. Cer
tificates of Merit, $25 Gift Certificate, hats and T-Shirts were
presented to the employees. Francis McGee received a watch for hav
ing five years service with perfect attendance. Pictured from left to
right, 1st row: James Thomas, Willie P. Shaw and Willie M. Mor
rison; 2nd row: Willie R. Shaw, Betty Hicks and Annie Monroe; 3rd
row: Don Hammes and Ava Glisson; 4th row: Francis McGee and
James Carter. Not present were George Dudley, Lee Duke, Collie
Graham, Henriette Herring, Theolder Malioy, WlUie McPhatter,
Mamie McPhaul and Dell ParnelL
Perfect attendance , I
Faberge recently recognized these employee) for hiring perfect atten
dance from one to fh> e jwt The emptoyoet recefvot i a tar tlflcete,
Faberge hat, Super Employee T-Shkrt and tt SfV gift aarQfkate. John
Seogo alto received 0 watch foe completing flea peart perfect etten
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wQiwre wMOQw \j0Olwef9p ?H0flKWV
Kay, Bonnie fbtd and Carolyn ihytorj 3rd row! Jatdt Owidh^ Lace
I "!?. AJjj^ Mutom ta^Maaa
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T oday ' s tax laws dictate
need (or financial planning
Tax shelters, IRA's ERTA,
TEFRA, Municipal bonds, real
estate, buy /sell agreements, oil &
gas investments, the stock market,
certificates of deposit, GNMA's
and don't forget insurance - All
terms that may be foreign to you
and very confusing.
With investments, tax laws and
investment firms changing daily, it
seems impossible to keep up with
financial happenings these days. It
could be a full time job just
managing your financial affairs.
If you are like most people you
are busy, with your career, family
life and leisure activities, fine.
Planning is not a priority, pro
bably somewhere on the list of
things to do near "clean the
garage." Yet there is a nagging
thought. "I should be doing
something with my financial af
fairs, get some direction or plan."
And you should.
According to Venita Van
Caspet, author of "Money
Dynamics for the 1980's" of every
100 U.S. citizens who reach the age
of 63, only two are financially in
dependent, 23 must continue to
work and 75 are dependent on
friends, relatives or charity.
These staggering figures occur
due to a failure to plan finances.
Thus, many people do not follow
any consistent policies in making
financial decisions, but rather
make them as each day to day pro
blem arises or as a result of some
sales presentation.
Most people need a financial
plan to some degree. Contrary to
popular opinion, less affluent peo
ple actually may need such plann
View From
The Market
Joseph P. Davis III
ing more than those with greater
wealth because each dollar of in
come capital means relatively more
to them.
The more completely you can
formulate policies that make sense
to you and your family, the more
rational your financial decisions
will be and the less likely you are to
be unduly influenced by others.
You may have avoided putting
together a financial plan for
several reasons. Perhaps you
believe you do not have enough
assets or income to need planning.
Or maybe there is an avoidance to
getting started because it involves
consideration or unpleasant
possibilities such as death, disabili
ty or unemployment.
Whatever your reasons for put
ting off putting together a finan
cial plan, the costs of failing to do
so can be steep. You may be under
covered or overcovered in relation
to risk.
Financial planning is like'
navigation, if you know where you
are and where you want to go,
navigation is not difficult. Finan
cial planning can be a relatively
simple, low cost process that will
result in financial rewards and
peace of mind.
Personal financial planning in
volves the development and im
plementation of a total plan, coor
dinated for achievement of your
overall objectives. It is the process
of gathering information on your
present financial position, deter
mining your financial objectives,
considering alternative plans for
meeting your objectives, selecting
and implementing the plans best
suited for you and periodically
reviewing your personal financial
plan and making necessary
changes.
This process involves coor
dinated, realistic planning in the
areas of accumulating capital (in
cluding handling investments),
buying insurance, tax planning,
retirement planning and estate
planning. As you can see, this is a
very personal process. There is no
book you can read that will give
you a "just add water" financial
plan.
There are several individuals
who should be part of your finan
cial planning team. Attorney(s)
and a sharp accountant will give
you necessary legal and tax advice.
Insurance and real estate profes
sionals will update you on the
developments in their fields. It is
also important to develop a close
relationship with a good banker
who can help you with your bank
ing needs.
Editor's Note: Joseph P. Davis
III, formerly of Raeford, is an ac
count executive with Dean Witter
Reynolds Inc. of Raleigh. Davis,
who is the son of Hester R. Davis
and the late Joseph P. Davis of
Raeford has a Bachelor of
Business Administration Degree.
Davis and his wife, Rebecca,
presently live in Raleigh.
Suggestion Winner
Faberge, Inc., recently
recognized Doug Lunsford,
Electrician for the company, at
Its suggestion of the month
award winner. His safety sug
gestion earned him $25 in cash,
a reserved parking space for a
month and a Faberge hat. Lib
Pittman received a %1Q gift cer
tificate as runner up.
NCNG increases
stock dividends
The Board of Directors of North
Carolina Natural Gas Corporation
have voted a substantial increase in
regular quarterly dividends for
1985.
Meeting in Fayetteville, the
Directors raised the quarterly divi
dend rate to $.46 per share from
the present $.42 per share and
declared such a dividend to be paid
on March ISth to stockholders of
record on March 1.
In announcing the board action,
Frank Barragan Jr., President of
the Company noted that on an an
nual -basis NCNG's dividends
would rise to $1.84 per share from
$1.68 per share.
UCB Has An IRATkffs Right FdrYju
An Individual Retirement Account at United
Carolina Bank can be one of the best investments
anybody can make.
That's because a UCB IRA does more than ensure
your future financial security. It can also save you
hundreds on taxes every year So you'll profit from
a UCB IRA long before you retire.
We give you several IRA options to choose from.
All onertng steady growui potential.
The UCB Fixed Rale IRA guarantees your interest
earnings remain al a constant level.
The UCB Floating Rate IRA earns current money
market rates.
And the UCB Self-Directed IRA is perfect for
the individual who wants complete control over his
investments. It's the one plan that gives you the
flexibility to buy common stocks, corporate
bonds and government bonds. Plus cam money
market rates.
We'll be glad to help you select the IRA that best
meets jour needs. Just contact your United
Carolina Banker. We'll show you all the right
reasons to open an
IRA at UCB.
UNITED
CAROLINA