Daily News from New York, New York • 18

'tittrtt DAILY NEWS, MONDAY, APRIL 1, 1974 18 9 Boes uen Porno Shop? iwo in mm itf. v. 1 regards Inch as a front, or American outlet, for royal money. Thomas Parkinson, a lawyer who represents Inch, denies the British connection. But real estate sources point to Inch's involvement in other British investments such as the Cunard Building at 25 Broadway.

The Inch Corp. made headlines recently when it sought to evict Jack Dempsey's Restaurant from a building the corporation owns at 1619 Broadway. The building at 150-152 W. 42d also listed as 1462-1470 Broadway, is leased by the Helmsley-Spear organization. The building houses offices and a number of commercial shops, in addition to the Adult World.

"We merely pay rent," says Alvin Schwartz, a vice president of Helmsley-Spear. The rent is paid to Henry Hart Rice, a prominent real estate firm here. Rice won't say whom he is collecting rent for, but denies emphatically that the money could end up in Buckingham Palace. In London, a royal family spokesman stated: "All the queen's business is transacted by her bankers, Couts, and Co. of the Strand, London." Informed palace sources told Henry Maule, The News British correspondent: "The queen would not be likely to employ foreign agents for the suggested transactions when her long tried and trusted bankers have been extremely satisfactory." The 42d St.

building at one time housed the old Knickerbocker Hotel and later, the offices of Newsweek magazine. The royal family itself is known to have owned an enormous amount of property in New York at one time, but it reportedly divested itself of much of that during the 1930s and 40s to finance the war effort. By OWEN MORITZ It's the hottest porno bookstore in Times Square, where the most ignoble tastes are catered to. And the big question that real estate circles are asking is the building owned in part by the noblest family of them all, the royal family of England? Buckingham Palace denies it emphatically through a spokesman. But the Standard Abstract publisher of a well-regarded real estate directory lists the land or fee for property at 150-152 W.

42d just off Brdadway, as belonging to an organization reputed to represent the royal family of England. A private, unofficial compilation of real estate owners, collected by the Office of Midtown Planning, similarly lists the property as belonging in part to the royal family. The book emporium, called the Adult World of Books and Magazines, is at the crossroads of the world Times Square and its sleazy books and picture-filled magazines are suited to the clientele. "When we list an entry we take into account not only documents on file with the Hall of Records, but information we receive from informed real estate people," says a researcher for Standard Abstract, 140 Nassau St. this case, our information says the fee is owned by the royal family." The land under the 15-story building is listed in the name of Inch 37 Wall but Standard Abstract, as well as the Office of Midtown Planning, IH I ktffijK i 18S lift 1 t1vsT! VVfv--i iiiitlli News photo by Jim Garrett Bookstore at 150-152 W.

42d St. Cooling Off Down Under Pinch? ley to renss Bv THOMAS POSTER A number of top pension experts have recommended that cities and school districts caught in a funding squeeze over public employe retirement funds resort to bond issues or borrow the needed money from the state, it was learned yesterday. The experts said borrowing by I bond issue to pay future pension outside their tax limits to pay for pension contributions. They did this by getting an exclusion from the local finance 'ft law from the Legislature on the were evidently to be paid over the life of the bonds. There is nothing to suggest that our affirmance in that case was predicated on the choice of the particular financing mechanism, nor do I perceive any basis for such a distinction." The Jones dissent will be taken up Tuesday in Albany when an emergency meeting is held with legislators and Wilson's aides.

State Sen. John Flynn (R-Yonkers) and Assemblyman Albert Hauesbeck (R-Buffalo), the chairmen of the cities comfmit-tees in the Legislature, called the session at the request of the legislative leaders. grounds that they were at their taxing limits and could not provide the new monies needed to pay for retirement improvements. The new court ruling requires that all future pension contributions be made within the tax limits. But, in a dissent from the 5-2 decision, Judge Hugh Jones wrote that the court upheld Wagner in 1965.

"Although the means of (pension) payment there was a onetime bond issue, installments costs was approved by the Court of Appeals in 1965 when Mayor Robert F. Wagner just before retiring floated $258 million in bonds to balance his budget. Wagner got permission from the Legislature to issue the bonds to pay for pension and retirement costs until he could raise real estate tax limits. The same W'agner maneuver could be used statewide, according to legislative lawyers. They told a number of legislators and Gov.

Wilson's aides that the localities and school districts could float bonds for pensions in anticipation of a constitutional amendment that would permit them to raise their tax limits. In Wagner's case, the borrow now-pay later plan was challenged in the courts, before being decided by the state's highest panel. The Court of Appeals ruled 6-1 in favor of the legality of the measure. The lone dissenter was Judge John Van Voorhis. Now a practicing lawyer, he represented Bradley Hurd, a private citizen, who challanged a case that was declared unconstitutional by the Court last week.

The Court ruled that Buffalo, Rochester, Yonkers and 57 school districts were using unconstitutional methods to go No Strike! Union To Get 14 Boost UPI photo "He asked us to do two things," Ronan said. "One, reach a settle-i ment without a strike and two," i let the people know that we had i done it before they'd all gone to bed." Under the old contract, Tran-! sit Authority workers earned an average of $13,421 a year, including overtime, i Subway motormen earned $6.31 i an hour. Bus drivers got $5.87 an hour; electronic equipment maintenance men, $6.55, and porters and window cleaners, While spring hasn't really warmed us yet, it's early autumn in Sydney, Australia, and Melanie Kivikink, 18, finds it still warm enough to splash around in the surf. Unfortunately, it will soon get cold where, she is, but. conversely, e'll get warm.

(Continued from page 3) city workers here whose contracts expire June 30. Mayor Beame, when asked if he thought the TWU's cost-of-living breakthrough would have an adverse impact on the upcoming city negotiations, replied: "We have to cross that bridge when we come to it." Matthew Guinan, praising the efforts of mediators Vincent McDonnell, Michael Sovern and Joseph O'Grady, said his executive board voted overwhelmingly to approve the contract. Rank-and-file ratification will be handled by Guinan said, and would be completed within the next two weeks. "These were very hard and difficult negotiations," Guinan said. "And William Ronan is a on-Aid Plan Seek Compromise Tuiti Albany, March 31 (News Bureau) The Senate and the Assembly, which adopted start negotiations today to separate plans for tuition aid for private college students, mum up a compromise $4.82.

Sought 21 Hike Under the old contract, which expired at midnight, the transport -won an 18 wage in-i crease over the last 27 months, When it went into its current the TWU demanded a ivvage increase of at least 21 and aimed for an average annual wage of $16,828. MTA experts estimated that I that would have cost $150 million a year. The union also sought the breakthrough escalator clause in measure. Both Republican dominated houses favor a tuition aid plan that would provide aid to families I with a net taxable income under! 20.000. The Asspmhlv 1 I For Ma Bell held at the Center for Continuing Education of Bronx Community College, 120 E.

184th St. On Wednesday, the hearings move to the Nassau County Executive Building in Mineola. The last will be held Thursday in the PSC offices on the 24th floor of Two World Trade Center. Hearings Set The Public Service Commission will hold three public hearings in the metropolitan area, starting tomorrow, on New York Telephone Co.s proposal to replace its message unit billing system with a rate structure based strictly on duration and distance of calls. All sessions start at 10 a.m.

Tomorrow's hearing will be rough and tough negotiator, but he's good to work with. When he says something he means it, even if it sometimes takes him a long time to say it." The negotiations were in sharp contrast to past transit talks which usually involved crisis bargaining on New Year's Eve and traditionally went down to the wire. Ronan, commenting on the swiftness of the negotiations, said that at one point when he and Guinan were "eyeball to eyeball" Mayor 'Beame called both on the phone. would provide flat grants while the Senate version would set up a commission to dispense the aid. Other measures coming up this week include: A new measure designed to sot up a commission to regulate jicupuncture in the state.

A measure to license auto rt-pair mechanics. A bill to extend the workmen's compensation, jaw to pro- a two-year "contract, top rate of pay in all titles after one year, and time-and-a-half pay for Saturday and Sunday work, plus double time-and-a-half for holidays. Other demands by the union included an agency shop, three additional holidays, extended sick leave, and noncontributory pensions for all vide coverage to volunteer ambulance attendants. Legislation that would authorize local governments to operate clinics to alter the reproductive capacity of cats and dwgg; A bill that would require pre marital examinations for the detection of venereal diseases. A bill that would create -a new office of department of mental retardation separate ffom the 'JPepatmt'f-Vfewti'giene..