El Paso Times from El Paso, Texas • 75

Your Lfe Insurance New Retirement Plan Law For Self -Employed Aired (As a public servfce, The Times has arranged with the El Paso Chapter, American Society of Chartered Life Underwriters, to answer your questions about life insurance. Just send them to Life Insurance Editor, The El Paso Times, P.O. Box 20, El Paso, Texas. Answers will be published every Sunday. If you would like a personal reply, please enclose a stamped, self-addressed envelope.) Question: Recently I was told that there is a new law by which, as partners in a small business, we could set up a tax-free pension plan.

We would like to have a plan to give ourselves $1,000 a month for life at age 65. I am in the 50 per cent tax bracket. Does this mean I can get a 50 per cent credit on what I put into such a plan? And what would the cost of such a plan be? By SYD KRONISII AP Ncwsfeatures The second commemorative stamp of the year to be issued by the United Nations will honor the U.N. Conference on Trade and Development and will have first-day ceremonies March 23, This is the date the conference convenes in Geneva. The international conference, with an estimated 1,500 participants and observers, will consider problems involved in the es pansion of trade and take prac tical steps to meet the special r--vj.

rj needs of developing nations. It fm will mntirme until June 15. i I he new stamp nas a oasic ci.v design of arrows pointing in tw directions, denoting a elobal Pmvr Wvst will be red. yellow and black. EpBSatBl The 11 center will be olive lrlStJ age 592.

nor after age W2. The plan must be vested for everyone covered. These are a few of the specifications. As for how much you could set up for retirement income at your present age and what the cost would be, it would be impossible to even estimate without far more details. However, complicated as these plans sound, the Keogh law pension plans are good and many life insurance companies are now getting under way in developing them.

It is expected three or four million people may soon be covered by them. If you are interested, you should call your agent, get in touch with your company or, if you are not presently linked with an agent, look one up and get the details. Answer: Partners can now set up tax deductible pension plans under a new law commonly called the Keogh law (after the Congressman who initiated iO. This applies to all self-employed persons. But these plans do have certain limitatons of which you need to be aware.

First, you can put into such a pension plan only 10 per cent of earned income per year, with a maximum of $2,500 yearly permitted, and only half of the annual contribution, with a maximum of $1,250, may be taken as a tax deduction. Then you must offer a pension to all employes of over three years employment with- you and to any who may come into your employ in the future. And you cannot be- gin to draw benefits prior to York artist Gerald Kurtz, wai first issued in Washington Feb. 22. 4 Argentina has issued a 4-pesos commemorative stamp honoring its fourth National Folklore Festival.

The stamp depicts a reproduction of the "Payadorf (Wandering Minstrel) by Juan Carlos Castignino. Soon to issued by Argentina will stamps honoring the 18th Olympic Games in Tokyo, 15th Congress of the Universal Postal Union, memorial to Pope Joha XXIII, United Nations Day and several others which have not as yet received final approval. Canada has announced the issuance of a new stamp showing a modern jet taking off from a Canadian airport. While th stamp bears a flight motif and was designed primarily for airmail letters to the U.S., it will not be specifically an airmail stamp. It replaces the blue "Canada Goose" design.

The value of the new stamp is 7 cents. COMING UP The Unisphere, theme center of the New York World's Fair, is an appropriate location for preview of Kodak's newest box camera, the World's Fair Flash camera. By IRVING DESFOR AP Ncwsfeatures Photographic manufacturers unveiled their newest goodies at the annual American trade show held this year in Chicago the first week in March. As pace setter for the industry, Eastman Kodak brought out a batch of still and motion picture cameras incorporating several innovations. Here's a round-up of their offerings: Two new models in the cart- any 8mm motion picture cam-ridge-loading Instamatic line era available in this country in make their appearance: the mo- "Electric 8 Zoom Re-, arT iV flex." It ranges from a wide tor-driven 800 and the German- ange of 6 5mm to a telephoto made 500.

All the Instamatic Df 52mm a zoom ratio of 8 to 1. cameras do away with the usual At extreme telephoto range it method of loading and unload- is recommended that shooting A be done on a tripod to avoid ing roll film and use drop-in green, yenow ana uiacK. ine marginal inscriptions will consist of the U.N. seal with the text "Trade and Development" around the top of the seal. Collectors desiring first-day covers may send their remittances to cover the cost of the stamps to be affixed to the U.N.

Postal Administration, United Nations, New York, N.Y. 10017. The outside envelope must be clearly marked "FD TRADE." A filler of medium weight should be placed in each envelope. Requests should be mailed as far in advance as possible. U.S.

Postmaster General John A. Gronouski has released the design of a new postal card honoring the U.S. Customs Service. The 4-cent card in red, white and blue commemorates the 175th anniversary of the founding of the Customs Service, an agency within the Treasury Department. A map of the United States in blue forms the background for the new card.

A band of white bisects the map, into which is set in red and blue the word "Customs." Under this are the words "175 Years of Service." Crossed U.S. flags appear upper left and in the Gulf of Mexico appears "4c U.S. Postage." The card which is based on a design by New Chats On Chess By GEORGE KOLTANOWSKI International Cbess Master The camera features also in- away-we-go cartridges. Model 800 has no film winding knob. It uses a unique spring motor film advance by CHESS QUOTE "When playing at chess, one must save one's pieces." Russian proverb PROBLEM By H.

V. Tuxen, Denmark Black elude an lens with a sensitive cadmium sulfide battery move. But the beauty of the whole combination is seen with the next move! (f) "Isn't that something?" as Dr. Lasker used to say A Queen sacrifice that cannot be accepted as after 20 21.N-B5ch, K-Nl; 22.N-R6 mate. (g) There could follow: 21 BxB; 22.QxB, N-Q2; 23.RxN, QxR; 24.N-B5ch and mate next move.

A pearl among the Lck-holm games. Another game from the Inter-Zonal, Stockholm WHITE: Bilek, Hungary BLACK: Fischer, U.S.A. For the first time since recording of polio statistics began in 1911, not a single case of paralytic polio occurred in New York City last year, Health Commissioner George James reports. mm ''-Mi in mm means of a long pull-tape. When ceH m.

e. lens system you pull it outVrf the camera so that the electnc eye reads it winds the motor; release it nIvt the light coming through and it springs back into place" lens. Its reflex finder shows in the camera. The motor can Je exact picture area coming advance the film after each through the lens also, shot at the rate of one picture rcls a second if a series is desired. fsnal ASA setting lens open-The electric eye camera has an low-light warming are lens and automatic day- visible the viewfmder.

There light exposure control after the is electric eye automatic expo-shutter speed is chosen by sure Wlth manual override to f-250 1-125 or l-60th. When the permit personal control for spe-built-in flash unit is raised the cial effects. A set of four AA-shutter speed is automatically size batteries will provide set at l-30th-second and the cor- electric power for from 10 to 24 rect lens aperture is also auto- of film. The camera has maticallv set for flash shoot- a drop-in cassette system which mm mm m. BUY SELL VICE'S COIN SHOP STOKES INSURANCE SERVICE 804 N.

Kansas St. KE 3-1609 SICTLIAN DEFENSE VMM 778-4367 "A 6005 Alameda wsm wtem mm mm MM mm BEFORE YOU BUY SEE OUR PREFERRED RISK 15QxB 16. Q-R4 17. RxP 18. Q-Q8ch 19 BxRch 20R-Blch 21.

RxN(f) 22. N-B3 23. K-R1 24. N-N1 25. R-N8g) 26.

R-B8 27. R-B3 P-R3fC) CxN RxR N-Bl(d) KxB K-N3e B-Q2 Q-KGch Q-B8cb QxP Q-B7 OxRP K-R3b 1. P-K4 2. N-KB3 3. P-04 4NxP 5.

N-OB3 6. B-KN5 7. P-B4 8. Q-Q2ra) 9. QR-N1 J0.P-K5 11.

PxP 12. B-QB4 13. BxKP 14.0-0 P-Q3 PxP N-KB3 P-QR3 P-K3 Q-N3 OxP R6 PxP N3-Q2 B-K2 O-O(b) BxB BE WI5E INSURE White White to play and mate in two moves (Solution below). SAUNDERS KE Mttl I 2820 N. STANTON aw WHITE: BLACK: L.

Stein, U.S.S.R. L. Portisch, Hun- 1 JK McAFEE 101 Arizona the Inter-Zonal, gary Played at Stockholm LI 21691 TO INSURE YOUR HOME AUTOMOBILE BUSINESS PONDER Insurance Agenry 1810 Montana Ave. Ph. KE 3-3921 glllllllllllllllllllllllllllllllllllllllllllllllHIIIIIIIIIIIIHIIWIIIIIWmMIIIIIIWMlHIIMIIIIIWtWirtlllimWIIIIIt i lUIIIIHIIIOIIIIMIIUIIIIIMIMIItlllimtlllllllMllllimilllHWItlWmiWIHIIHIHIUUIIHMttaMIWtMtHt SICILIAN DEFENSE 1.

P-K4 P-QB4 12.PxP PxP 2. N-KB3 P-K3 13.N-R4 O-O 3. P-Q4 PxP 14.N-B5 B-K3 4 NxP P-QR3a 15 K2 P-QR4 5.B-Q3 N-KB3 16.B-QB4 K-Rl 6.0-0 Q-B2 17.B-KN5 N-02 7.N-Q2 N-B3 18.QR-Q1 N-N3d) 8NxN NPxN 19.NxNP(e) BxB 9.P-KB4 B-B4ch 20.B-B6(f) B-K2 10. K-31 P-Q3(b 21.Q-B3 Resigns(g) 11. N-B3 P-K4(c) ing as the camera is focused gives magazine ease with roll-from 3 to 25 feet The camera film economy, has a manual compensating Far less expensive are two control for plus or minus one new "Escort" 8mm movie cam-stop at any time for unusual eras both of which feature fast dark or light conditions.

M.6 lenses one of em a The Instamatic 500 camera zoom lens with a 3 to 1 ratio has a Schneider Xenar (9mm to 27mm). lens electric eye automatic exposure control a compur shut- ter with speeds from 1-30 to Qrillffe pip 1-500 plus for long expo- OAlctlVCa "clc sures and rapid-action single VVrnn cr SnppiPC stroke film lever advance. Un- tT A JlCica like all the other Instamatic cameras which have built-in Kampala, Uganda. (AP) pop-up flash units the 500 has a Two Africans found a pair of contact shoe for a separate large snakes lying across the cordless Kodablitz flash unit threshold of their suburban and a connector socket for flash sources with cord con- nom nere nectors. The Kodablitz unit is They put them into the trunk cleverly designed so that the of their car and took them to plastic cover doubles as the Makerere College Zoological De-flash shield when the unit is in use partment.

The man in charge Getting down into the budget there suggested the snakes be camera class Kodak is intro- taken to tfte Fire Department ducing its World's Fair flash for disposal. The firemen en-camera. This is a fixed focus ced the snakes from the trunk fixed lens setting 127 roll film into concrete pit, and shot aim and shoot camera which them. will be avilable at the New The Africans had been play-York World's Fair. ing around with a pair of king-In the movie line Kodak of- size Gaboon vipers, one of the fers the greatest focal range of world's most deadly species.

Walter Stowe II THE RIGHT MAN TO II MANAGE YOUR II INSURANCE PROGRAM (a) Sacrifices a pawn, which Fischer accepts without hesitation. It is usually doubtful if one can take on QN7 with the Queen, but Bobby knows the "book" backwards. (b) Doesn't consider taking the sacrificed Bishop. Development is much more important now. (c) If 15 QxN; 16.N-B5 decides.

(d) Not 18 K-R2; as after 19.BxR, Black has no way of stopping the mate on KN1. (e) Bobby, in a Wild West role, remains cool and calm! (f) Time trouble for sure. With 21.Q-K8ch, K-R2; 22.RxN, QxNch; 23.K-B1, Black has to go for the perpetual check, as mate on KR8 is threatened. (g) Q-K7 would hold the game. (h) White overstepped the time he was lost anyway.

Solution to the problem above is; 1.B-R7. I The Agency Of Service a Schuster bKiPuiDRTti (a) The old Paulsen System in modern setting, quite in fashion today in the U.S.S.R. (b) Better would have besn 10 P-Q4; 11.P-K5, N-Q2. (c) Continues with his plan but his opening the KB file and allowing White to get his Knight on KB5 leads to trouble. (d) Black now gets a 1000-volt shock! (e) If 19 KxN; 20.B-B6ch, K-Nl (20 K-R3; 21.Q-Q2ch, etc); 21.Q-R5, KR-B1; 22.Q-R6, B-Bl; 23.Q-N5ch and mate next 3 General 1 Insurance 1 Life Insurance Group Insurance I I Hospitalizatlor nduJtuttce 1014 El Paso Nat'n.

Bank Bldg. Disability 000-70YI nmmiiiiiiiiiiHiiiiimHitmiiHimmmkmimMimiiimmmHmMiH llHIIIIWIIIIIWIIHIHMIIMUMIIIIMiaMMIIWIMMWIIIIMIIIHIIIMMIIMHMIIWIIMIIMIIIMIMIM 533-9891 Sunday, March 15, 19(4, 13.