Clipped From Fairbanks Daily News-Miner
Investment Committee Picking Best Brains the the the Al the the and state a the of he Land an public its he were the level of and that be any to would the that a Ihe deplete Alaska. The best brains in the United States' investment businesses are being picked by the state of Alaska for long term investment of the bonus monies coming from the Sept. 10 oil lease sale, according to the stale's Investment Committee. Short term investments of the bonus monies are being handled by the Bank of America. That Investment CommiUee, which met in Fairbanks Friday, is composed of Commissioner of Administration Tom Downes, Commissioner of Revenue George Morrison and Commissioner of Commerce Walter Kubley. Commissioner Downes was guest speaker at today's Chamber of Commerce meeting and discussed his committee's work. He said that the Investment Committee will make a recommendation to Gov. Keith Miller based on the best ideas and the best investment proposals made after exhaustive interviews with many outstanding leaders in the field. Yesterday Downes and the other commissioners on the committee met with Dave Silva, commissioner of finance for Idaho. Idaho has a new investment law modeled after many other states. Its new investment law is considered probably the best in the United States, Commissioner Kubley noted. Investment houses lhat the Alaska committee has already consulted with are First National City Bank of New York, Chase Manhattan Bank, Continental Illinois Bank and Trust, Mortan Guaranty, Bank of America, Chemical Bank of New York, Franklin Bank, SeattleTrur.t and Savings and the National Bank of Commerce. This week the eommiltee is meeting with counseling people from brokerages and investment firms. Commissioner Kubley said of fh 1 ! intensive Mr! exhaustive briefings his committee is undertaking, "We have had an imposing list of recommendations from these people who are tops in their field. We will considerall the recommendations and try to find one common denominator so we can make solid recommendations to the governor for the best possible investmer.t of Alaska's bonus money." Besides investment houses and brokerage and counseling people, tne Alaska Investment Committee has been meeting with U.S. Treasury and Federal Reserve representatives. Ihe a Tran of of a he and King Services Funeral services for Alan Hasting King, 62, will be held Wednesday at 1 p.m. at the Chapel of Chimes wilh the Pioneers of Alaska officiating. Burial will follow at Birch Hill Cemetary. Mr. King died at his home Aug. 29. He is survived by his widow Lila May King of 407 lllh Ave. He was born in Tacoma, Wash. Aug. 15, 1907. He was a retired electronics and radio technician and last wojked at Ft. Wainwriglit. He has lived in Ihe Fairbanks and tnlerior regions for thepast'lOyears. In lieu of flowers the family- requests that donations be made to the Hospitality House. Pall bearers for Mr. Kingwillbe Roy Roose, Manfred Mane, Ted Wilken, Rodney Williams, Jim Nastos, Bill Kchaeffer, Arnold Elicff, Jim Dalton and Mac Fenton. Frank Dodd will be an honorary pallbearer 1 .