Asbury Park Press from Asbury Park, New Jersey • Page 47

ASiURY ARK SUNDAY PRESS, March 70, im 43 I 1 1 1 I 1 I Rights Offer I Approval -Cd kMh oV jb Sought FRIXHOLD Monmouth Capital Corp. hat filed a registration statement with the Securities and Exchange Commission, WAST1XG YOUR VALUABLE TIME Why should you run after those past due receivables? Let the experts handle them fast and efficiently. Atlantic Adjusters Collection Specialists 704 Cwkmafl Arc, Aiburr Park covering the proposed offering i of 38,400 shares to its stockholders pursuit to a one for five rights offer. Monmouth Capital Corporation is a publicly owned small btniness investment company with headquarters here. The company has 70S shareholders and capital funds at approximately $1.6 million and total assets of $3 million.

The new fir ft ft zi. CD A4rrtUejsst I I II 1 I 1 I I i 3 a i i a a 1 ALBERT G. DE MERS SPEAKING OF MONEY WILLIE DOXEY UK. kudejvt a. wisr.

DR. FRED B. DANIELS funds are to be used for invest ments. Army Cites 4 Shore Civilians once SEC approval is re By GEORGE L. BIELTTZ MuanuuTi Ctory Nitkmal ceived, the company will give shareholders one right for each share of stock held.

Then for Warfare Division. Army En FIRMS HONORED-Michael A. Slovak, (right) vie prsst-dsnt end general manager of Steinbach Company, receives proclamation from Mayor Frank H. Rowland of Atbury Park. The proclamation congratulate! Stelnbach's and cooperating businesses, radio and newspapers, for their participation In the Co Steinbach Go Mustang education and career seminars last fall.

The education and career seminars won the National Retail Merchants Association and Reader's Digest Award for public service. Willie L. Doy. West Long Branch, head of the Research ard Development Directorate, was given the Meritorious Civilian Service Award for his leadership in the realignment of the laboratory structure. Also receiving the Meritorious Civilian Service Award was Dr.

Robert S. Wiseman, director of the Combat Surveillance, Night Vision and Target Acquisition Laboratories, for his leadership from 1958 to 1965 as chief of the gineer Research Development Laboratory, Ft Belvoir, Va. Dr. Wiseman lives in We6t Allenhurst. AJbert G.

De Mers, Red Bank, received the Army Certificate of Achievement and the 40-year Service Pin in recognition of 40 years of federal service. After 30 years of service in the Army, Mr. De Mers retired as a chief warrant officer and then accepted a civilian position. Income Tax Questions, Answers The Anatomy of Medicare Part I One of the biggest money words around these days is Medicare. On July 1, 1966, our senior citizens will start receiving the benefits of this new Social Security plan but it's not actually a medical care.

It's more like Hospitalcare at least this first plan is. There are two major plans to Medicare. Plan A will cover the hospital bills. Plan is a voluntary and supplementary insurance plan to help pay doctor bills and that will cost extra about three dollars a month to start. This is very much like the many independent health insurance policies which cover medical expenses.

If you've reached 65 before January 1, 1966, you must sign up for Plan the voluntary supplementary plan to help pay doctor bills before March 31, 1966. For now, left concentrate on Medicare, ployment payments are not Q. I filed my return is soon a I ant mv W-t in Januarv. FT. MONMOUTH Three top Army performance awards and a 40-year service certificate have been presented to four civilian employes here at the Army Electronics Command (ECOM) by Brig.

Gen. William B. Latta, commanding general. Dr. Fred B.

Daniels, Little Silver, a research physicist with ECOM's Institute for Exploratory Research, received the exceptional Civilian Service Award, highest civilian award given by the Army. Dr. Daniels uses the Diana moon bounce radar at ECOM's Evans area in his work. Results from his experiments have yielded information on the surface roughness of the moon, and new findings on the electron content of the ionosphere. Better understanding of the ionosphere is of great value for improving the reception of radio signals both on the earth and In space.

He also designed listening devices used by geo-physicists in acoustic detec When should I get my re- each five rights, the company will sell ore share of its stock at a price below market value. Last year Monmouth Capital issued rights, making it a one discounted share for three rights offering. The discounted share was offered at IS per cent below market value, or $8.50 per share. Date of the rights offering will be fixed upon receipt of approval from the SEC, according to Eugene Landy, corporation sec-retary, and probably In May. Prudential Offers Management Course POINT PLEASANT BEACH Frank E.

Campion, 102 York Spring Lake, will begin a special twoweek Prudential Insurance Co. management course today at the Beacon Manor Motel. In all, some 240 employes will participate in one of the five sessions from Prudentiars corporate and regional home offices throughout the United States and Canada, with 48 attending each session. I fund? Q. I had ail illness last vear that kent me off the job from November until lat Oae BedrMst S) 4 Ressu S145 Inrladee gaa, water, keel eaakiag Te Redraeeae Reese SI 80 Inrladee gas.

hat vater, krat aid raoking tar apartment eentrslly air roadllianed and beated. Walh. floors and ceilings srlentlflrally aesndsToolet and llrearooled Prtoat reeeaaed baleany far sack apartment Private exterior entrances Private plrnla and reereatlaa areas Inelndlng teaals eearte Separate foyers Separate dining Madera laaadry rooms opaetees to rare faellltlee Reeereed oa site parking AT SEA GIRT fFTcTsTlCK A1ason Plastering Materials VISIT OUR BRICK DISPLA METAL LATHE CHANNELS AND SHEET ROCK February. Do I have two waiting periods to establish for my tick pay exclusion since the illness covered two years? A Nn. Hie waltinff Deriod A.

A iciuuu iciluii iuni cai- (ly generally takes about six to process. A missing 'signature, Social Security or other error or omission 'will delay the processing. That 'is why Internal Revenue urges 'taxpayers to give their returns 'a final check for completion and accuracy before sending ithem in. jmnliM to the time absent due to a specific illness whether it stretches from one year to Aa I say, the name's a Bttie misletd-ksj. 1ft realty toaprtal care.

The provt-aiona read Hke this: "For everyone over 5 years of age. Medicare will pay for op to 90 days of hospital care for each spell of Hlneas including mental Illness. Now, the Interpretation. What Is a pell of Illness? Well, spell of Illness la defined as a period beginning with the day a patient is admitted to a hospital or nursing home, and ends after the patient haa been outside of the hospital or home for a '1 another or not. There would nnlv hp another waiting oeriod I if you had returned to work and STEEL SCAFFOLDS SALE OR RENTALS FOR BUILDERS, CONTRACTORS, MASONS, PAINTERS, ELECTRICIANS, PLUMBERS tion of volcanic eruptions.

then suffered a relapse wmcn kept you oti tne joo again. 1 Q. I Just sold some proper-' ty I inherited from my fa-j ther. What do I use as the cost of the property what my father paid for it or the value when I inherited it? A. You should use the value (at the time of your father's (death.

EIGTR AVENUE (Ja.t off Reate 71) end BEACON BLVD. Model Apartments Open dsys week MI) t4-lt Jerome Morley Larson, architect Q. Can I deduct the fee I paid an accountant to help me prepare my tax return? A. Yes, you can. If, however, you are a cashbasis taxpayer, note that this expense is de TIME To TALK about your NEW FENCE FUEL OIL FOR HOME AND INDUSTRY ductible in the year it is paid.

If the accountant aid ens worx and was naid in 1966. the ex pense won't be deductible un Q. My bank keeps asking for my Social Security num-' ber. What right have they to do that? A. The law requires banks and other institutions to obtain the tax account number, usually the Social Security number, from individuals they pay dividends and interest to.

til 1967, when you me your 1966 return. iG. P. FARMER FUEL SUPPLY CO. 51 So.

Main St. Asbury Pork-Neptune 'Roipect 5-OOSt Expert Installation All Types Free Estimates Coll Anytime, Including 681-5677 HAVING A LITTLE TROUBLE Q. I've heard that students get a double tax exemption. Is that right? A. In one sense it is.

A full-time student who files his own return claims an exemption for himself. If his parent provides more than one half his support then the parent may also claim an exemption for nim providing other dependency tests are met SAFETY FENCE DIVISION "Fred Bud" Hussey Sales Co. Belmar, N. J. Stt Our Ad Daily in the Business Directory of The Press Q.

How long has April IS L1S been the filing deadline lor federal income tax re- turns? A. It changed by Congress in 1954. The deadline had been March 15. George L. Btelita period of 60 days.

So, in actual practice, a patient can be admitted to a hospital any number of times for the sairw illness, providing not more than 60 days have el speed between admissions. After 60 day elapsed, a new spell begins and the patient is again eligible for full benefits without regard to any he med in the previous spell of illness. Suppose patient Is ruahed off to a hoepital with a sudden heart attack. He can spend a month recovering let's say 30 days and be released. Another 30 days go by and he suddenly suffers another heart attack which sends him back to the hosprtml a second time.

This second trip is all included in the safe spell of illness since the patient was out of the hospital lees than 60 days. Medicare still provides 90 days of care. Howew, this 90 days la not all free. If what you might call MO deductible for the first 60 days phis $10 each day outer that up to the full 90. Suppose a person under Medicare spends the full 90 days the hospital at ISO a day.

During the first 60 days, the bill would be $3,000 but the patient would only be required to pay 140. After 60 days, the bill would be $10 a day. Thirty days that $300. So for 90 days, a patient would be paying $340 for care that would ordinarily cost $4,500. Additional benefits of Medicare Include all hospital services normally furnished to in-patients and the drugs used in the hospital.

What is not covered are the services of hospital-employed radiologists and pathologists. If blood transfusions are necessary, Medicare does not cover the first three pints of blood. One thing that should concern everyone right now. I believe everyone aware that we must have worked a certala number of years in order to be eligible for Social Security cash payments and Medicare but Just how many may be rather vague. However, what is Important today is that anyone who will be 65 years of age before 1968 can qualify for Medicare without regard to work under Social Security.

Every person born after 1926 must have worked at least 40 quarters in their lifetime. Each quarter Is three months, a quarter of a year. So, a parson who is 38 right now must put In at least a total of 10 years work by the time he or she is 65. The number of quarters necessary decreases far each year a person was born prior to 1926. So, those born before 1903 need not have worked at ail to be eligible.

And that's Medicare. Or should we say Hospi-care? Mora about the supplementary Plan nest Urns, A Most Distinctive Collection of 10 WAYS TO HIDE YOUR DEAFNESS! If you're tlirint UK trouble Utety tlchla( ome of th wordi meeting or tocitl (itb. ering you to youracU tnd lorod one to read thii rewarding frea bookM. II haa beta prepared from a 34-year study ol "your lype hearing loss problem. This booklet.

is not lor sale anywhere anyplace. it is yours absolutely FREE. Send lor your copy today. It will answer it A strike put me out of for some time last year. part of the time I had i strike benefits and then I -was able to get unemployment insurance.

Is any of this income taxable? A. Strike benefits are general-lytaxable unless they are clearly-intended as a gift. Unem Q. We suffered several minor casualty losses last year. Does the $100 deductible apply to each one or to the sum of our losses? A.

The $100 deductible applies to each separate Manpower' White Gloves Separate the Best from the Rest in Temporary Office Help Neat, fast, ecu rate) Manpower's Girl in the White Gloves adapts quickly and works efficiently. MANPOWER' Til VIST BIST III IIMPIIUT SUP 312 MAIN STREET ASBURY PARK 776-5577 many ol tna questions about your hearing losa, whether be th mildest or the sever EARLY AMERICAN HOMES Superb Early American homes, Georgian, Salt Box, Dutch Co-loniaiind many others, beautifully designed, carefully sited, meticulously built! For the home-owner who wants not only the best, but reflection of his own good taste as well! Price about $40,000. Models open 12 to 5. Arthur Bahlav Agency, FEDERAL TAX LIENS VI MONMOUTH COUNTY INCOME Valerie Takach, 56 E. River Rumson, Rudolph F.

Schwerdt 390 Ocean Long Branch, A. Henry Giordano, 296 Highland Long Branch, Joseph P. and Alice A. Greco, 4 Deerfield Lane, Mata-wan, $2,506.84, and Roland and Lillian Gant, 516 Lakewood Neptune, $290.70. WAGES EXCISE-Fredericks General Contracting 713 Harmony Middletown Township, Leslie D.

Low, Read The Press every day for complete news. Call 774-5555 (201) DIRECTIONS! Garden Slat Parkway Exit St. Route 3 aeuth to aeeond traffie circle. Then Rte. 70 to Rlverview Drive left on Rlverview Drive to Brielle Hills.

(Follow direction alfns to models). HEARING HELP, P.O. BOX 919, ASBURY PARK Pleost Send Mc FREE Booklet, "TEN WAYS TO HIDE DEAFNESS" 1 1 have trouble hearing: i I In Large Rooms In Crowds In Church Telephone Television i Name i i Address i City APP 32066 Modern Decorating 58 W. Highland Atlantic Highlands, May Electric Co. 1108 Roseld Deal, Squan Marina Rte.

70, Brielle, Vernon Boyce, 707 Green Grove Rd Neptune, Joseph Elhart, 166 Norwood Deal, Engineered Heating Cooling 369 Broadway, Long Branch, Imants Seperis, Shore Dry Wall Cou 128 Comanche Drive, Ocean- port, Koran Bros, 13Z1 wuiow wive, sea uirt, Louis F. Petruzzelli, L. P. Excavating, RD 1, Box 170, Holmdel Township, $4,312.66, and Milton Whaley, 42 Stork Middletown Township, $2,601.07. Bell Employes To Get Raises awWakttuigwimt aut ijj4)yBeaoaaaMsyoryo r'n it nr-iTlioaamniiaiiiiiii iii fff 'i i mimi I mlm wso)ei left-" opcnmiou: 1 HOLMDEL TOWNSHIP An fawtu The raises, obtained through Associates Inc a wage reopener clause in the two year old contract, cov CONSTRUCTION, INDUSTRIAL EQUIPMENT 4 SUPPLIES agreement to provide raises of $1.50 to $5.50 a week has been reached between the Bell Telephone Laboratories and the Communications Workers of America.

ers personnel in the plant and maintenance department. The contract expires March 1967. 42 BIRCH AVENUE, LITTLE SILVER, N. j. North Jersey 642-8585 South Jersey 747-4151 Distributors For Under "Operation we are reducing the selling price on sll the houses for immediate occupancy and sale, or we will duplicate these custom built houses cn other lots at Freehold Park or Court at these prices.

SELECT FROM 8 EXPERTLY and QUALITY CONSTRUCTED MODELS! MORTGAGE MONEY CALL fJOlV This spacious, 4 Bedroom Custom Built 2 Story Colonial Home can be custom constructed for as little as $17,900. i I I i 1 is i ii ate an tl I 775-3300 a at at I I -I AEROIL Asphalt Kettles Fire Ouns CARBORUNDUM Diamond tc Abrasive Blades COASTAL TRAILER Office Trailers 8tor-A-Vsns CONSTRUCTION MACHINERY Mixers Concrete at Mortsr Pumps Diaphragm tc Centrifugal CONVER STEEL WIRE Reinforced Concrete Accessorial Masonry Wall Tlea Anchors Anchor Bolts Flreprooflng CROSBY LAUGRLIN Wire Rope Clips Thimbles Hooks Turnbucklee Shackles C. R. DANIELS Tarpaulins Salamanders DEE CONCRETE ACCESSORIES Steel Construction Btakes DELAWARE TOOL STEEL Moll Points Chisels Cuttsra R. E.

DIETZ Flashers Lanterns Torches ENGINEERED EQUIPMENT Concrete Plants Jetcreters GAR-BRO MANUFACTURING Concrete Buckets Chutes-Hoppers Elephant Trunks GERING PRODUCTS Polyethylene Sheeting INDUSTRIAL LUBRICANTS NOX-CRETE Form Coating NOX-CRKTE Concrete Remover Ba.i es EJ LI urn I Tl line SS I IIS i is ne i INTERSTATE RUBBER PRODUCTS Trafflcones Warning Flaga JACKSON MANUFACTURING Wheelbarrows Mortar Pans Mixing Boxes Concrete Buggies Salamanders LINDSAY Air Compressors Sandblssttrs LUG-ALL Winch Hoists Winches Come- alongs R. K. PORTER Bolt. Rod Wire Cutteri PROCESS SOLVENTS BURE-KLEAN Maeony Cleaner RAMSET FASTENING SYSTEM Powder Actuated Fastening Tsels RICHMOND SCREW ANCHOR Concrete Form-Ty Devices In- serts Blab Bolster Chairs Bnaptys SKIL Skllsaws Portable Electrle Tools STOW MANUFACTURING Vibrators Troweling Machines Tampers Portsble Heaters-Grinders THOR POWER TOOL Pneumstlc Tools Construction Vibratory Screed Industrial Air Electric Tools UNITED STATES STEEL Wire Rope Nails Reinforcing Mefh Tie Wire WINCHARGER Generators 1 1 t3 14 Sll MORTGAGE LOAN CORRESPONDENTS FOR 3 Tn unnr, ORIGINAL I HEADSTART SELLING PRICE SELLING PRICE 12 THE BENTON $23,900 $22,500 Spacious Brick-Front Ranch 3-Bedroom THE LAWTON $24,490 123,000 Family Ranch 3 Bedrooms, 1ft Baths THE HEATHERT0N $26,490 $25,500 7- Room L-Ranch 3 Bedrooms, 2V4 Baths "ii THE COMPTON $25,490 124,500 8- Rm. Bi-Levtl 3-4 Bedrooms, IVi Baths 17 THE ABINGTON $25,490 $24,500 8-Rm.

Split Level 34 Bedrooms, 2 Baths "l9 THE LEXINGTON $25,000 $24,000 S-Rm. Split Level 2 Baths 14 THE KENSINGTON $27,490 $27,000 2-STORY Colonial 10 Rms. 4 Bedrooms 2ft Baths "1 THE KENSINGTON $29,990 $21,500 2-STORY Colonial 11 5 Bedrooms 2ft Baths 3 Howard Savings at teas siaee mtf II wool bo iirricall is ease this house vlthael glrlag II a seconf look. has a llrltig room off to the sio of tht rentrr hall loyrr, foar eeslreemt, kltohe recreatloa room. 's tales, flraolaeo, garage, all within spacious tool square fret at eltgenl tiring aiaee.

A tremeaiosja tales! institution IN MONMOUTH and OCEAN COUNTIES IT -1 1 ST MS 3 RENTALS Home of The Week by Dario. Frederick Davlcs, Builder. 7o Asbury Park Press, Box 107M, Press Plasa, Asbury Park i Please send Details of your Home of the Week to: NAME i ADDRESS CITY PHONE I T. RANX M-J-JMV4 AGINCY. C4C Air Compressors Perleblt Air Tools Accessories Concrete Equipment Electric Tools Hammers Generators Heaters Masonry Equipment Pumps Soil Compactors Stud Fasteners Realtors SMain St.

Mattison Asbury Park! P. 0. In 551 FREEHOLD, N. I Tel. 462-2000-462-2192 Eve..