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Page Two THE NEW BERN MIRROR, NEW BERN, N. C. Friday, August 27, 1971 Washington Report — By — CONGRESSMAN WALTER B. JONBS Congress continues its annual summer recess; but possibly the most sensational an nouncement to come out of Washington was the President’s decision to finally envoke wage and price controls. You will recall that I reported through this column on several occasions my position in that I felt that this action would be the only thing that could possibly cool our over-heated inflation, and further that the Congress had many months ago passed legislation authorizing the President to take action ^at he did take on Sunday, August 15. I have received several questions regarding the status of social security increases as it relates to the “freeze” on salary increases. I am happy to report that this will in no way affect the present social security payments, nor the increase which was retroactive to January 1, for most of these payments have already been made and the next increase of 5 percent will become effective in January 1972, and it is possible that by that time the freeze will be non- effective. But even if not, I am confident that the Congress will find some way to permit this increase to be paid to a group of citizens who are finding it extremely difficult to survive on the payments that they are now receiving. In addition to the domestic controls imposed on prices and wages, the decision also carries far-reaching effects on our international monetary relationships. Generally, I approve of the increased temporary tax on certain import commodities in order to slow the ever- increasing imports which are fast placing us in a most un favorable balance of trade position. Yet, this nation must be careful not to cause retalitory action by other nations which would adversely affect our export of agricuultural coomodities. As many of you have ex- presed to me regarding the Presidential action “certainly something needed to be done,” but only time will tell whether this action will have the desired effect or not. Since returning to the District, I had the pleasure of addressing an organizational meeting of the Disabled American Veterans of Pitt County. In preparing for the speech, I found some very in teresting figures as it relates to the number of veterans and disabled veterans of our nation. As of June .“M), 1971, there were 28 million, 288 thousand veterans of all wars in the United States, and of this number, 2 million, 146 thousand are rated as “disabled” to some degree or another. I hope in some way this large number involved will explain the sometimes delay of the Veterans Administration in processing claims, applications and correspondence. Also, it might offer an ex planation for the large budget which is required by the Veterans Administration The Bank of New Bern New Car Loan Rates Number of Installments 36 36 36 Amount of Loan .$2,000.00 $2,500.00 $3,000.00 BNB Annual Percentage Rate 9.30 9.30 9.30 Finance Charge 300.00 375.00 450.00 Monthly Payment 63.89 79.86 95.84 Total of All Payments $2,300.00 $2,875.00 $3,450.00 Compare. We Have Nothing To Hide. Even after you’ve picked out the make and model to see who’ll give you the best prices. And you should do the same thing with financing, compare with The Bank of New Bern’s. If the truth To make comparing even easier, we’ve included chart plus three blank charts for you to fill in You know ail there |s to know about The Bank of some very nice late-model used car rates, too.) with us tefore, our loan people are waiting to of a new car, you still shop around among dealers Ask the man straight out to give you figures to hurts, let it hurt him, not you. in this ad a wallet-size Bank of New Bern rate when you go money-shopping. New Bern’s new car loan rates. (And we’ve got So compare. Even if you haven’t done business hear from you. Number of Installments 36 36 36 1 1 1 Number of Installments 36 36 36 Amount of Loan $2,000.00 $2,500.00 $3,000.00 1 ■ Amount of Loan BNB Annual Percentage Rate 9.30 9.30 9.30 1 ■ 1 Annual Percentage Rate — ..... Finance Charge 300.00 375.00 450.00, 1 ■ 1 Finance Charge Monthly Payment 63.B9 79.B6 95.B4 ■ 1 1 Monthly Payment Total of All Payments $2,300.00 $2,B75.00 $3,450.00 1 1 1 Total of All Payments Number of Installments Amount of Loan Annual Percentage Rate Finance Charge Monthly Payment Total of All Payments 36 36 36 Number of Installments Amount of Loan Annual Percentage Rate Finance Charge Monthly Payment Total of All Payments 36 The Bank of New Bern, Craven County's Only Home Owned Bank, Has Convenient Locations at 313 Pollock St. and 2119 Neuse Blvd. ( v> I i 111 ‘ j > r r r v r i 11r t r''*v > 11 N.'s.y vN.\.vs.s.\\.y y x
The New Bern Mirror (New Bern, N.C.)
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Aug. 27, 1971, edition 1
2
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