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Lubbock Avalanche-Journal from Lubbock, Texas • Page 24

Location:
Lubbock, Texas
Issue Date:
Page:
24
Extracted Article Text (OCR)

ta. 1972 OTFIVERSHfP UNCERTAIN AFTER 30-YEAR PERIOD By JOHN MEXICO CITY Americans are rapidly acquiring coastal properly In Mexico despite some question con- cerning what will happen to their land after Uie leases expire. A presidential decree ic-sucd May 1971 hy President Unscramble these four Jumblei, one letter to each square, to form four ordinary words. AXKRC SHUHY PRITOM v.y IN THESE POEMS Now arrange the circled Ittltrt to form the lurpriM answer, suggested by the above cartoon. EchDvcrria expanded two.

old to allow foreigners loj lease land within 33 miles of: seashores and 66 miles of-its borders. Although the purchaser noC receive a- full title after a trust has been established wiih foreign capital, a. 30-year Ic'ise is granted. Can Kuild Jlctnc The owner then can vise the land to build a home or for tour, istic or industrial purposes provided projects- are approved by the Foreign Ministry. The properly can be leased lo second parties, but only for a 10- year period "which can be renewed up to a total of 30 The question which has not been resolved and which apparently has not hampered Ameri can interest is what will happen when the 30 have expired.

The decree said only thai Ihe property then must be'sold am! nol to a foreigner, The National Bank'of Mexico recently explained there were two possibilities. the decree goes unchanged or modified hen the property will be void a "qualified buyer" and tlie iroceeds, minus taxes, will revert to the the bank suggested, if Mexico's liberal continue, there remains possibility that a further extension might be the SUfiPfilSfWrSWEJl here tomorrovj JumMeu MINER SCARF BYWORD DAMPEN Hay be ihol in it RAPIDS The Appliance Center and Monterey Open late 'til 9 p.m. on. Thursday Enjoy del.iciousg.ourrnet dining in the Monterey Gold Room then shop leisurely latest.in summer'fashions. Ap phi a Ce 50 th Canton r.

Center "50th FI int Present interpretation' of decree indicates he "property eventually must be' sold a Mexican or a Mexican company. Value of the that lime.probably will be set by.the market. U.S. Chessman Due In Iceland REYKJAVIK. Iceland (DPI) chess challenger Bobby.

Fischer will be in Iceland In time for Ihe slart of his' 24-game world championship match against 'Boris of Russia, one of his advisers said Tuesday. Fred Cramer, a former tJie- U.S.. Chess said Fischer "will be here in time" but he did not give a date for his arrival. It was understood Fischer planned to fly in from New York Wednesday. Fischer, 29, was scheduled to arrive Monday hut he canceled his flight at the lust minute and sent Cramer instead to.

inspect the facilities. There' were, unconfirmed ye rwris that Fischer had objected lo the lighting in tlie sports hall where the games will. be played. But speaking to 'newsmen, Cramer a i 1 that the American challenger objected to the umpire of the Lothar Schmidt of 'Germany. Cramer did not.

elaborate. Spassky, the 35-year-old champion, lias been in Reykja vik preparing for the match since June 21. The National Forest System, administered, by the Depart menl of has 899,000 acres in 44 states, the Vii-gin Islands and Puerto Rico The foreseeable problem is hat present leases expire around ther year 000, here nol be wealthy': Mexicans' lo purchase expensive" homes, prppcr- les and tourist that arc being developed by Americans. By Offldals There is little chance lhat Mexico will do anything in the meantime (he present -land sales--because most of the choice coastal, lands around BajaX'alifornia'a'nd'the Pacific': are owned by government "officials Ihe present and past adminis trations. decree also 'was Issued, President.

Ech- to simulate Mexico's tourism of the nation's largest and most profitable. Americans, particularly those from Angeles area have found a weicome place in Baja California to build sum mer homes. Seaside- lots in many parts California cost around $90,000 while 'choice Jpts. dh'Mexico's from Tijuana "to'the tip of Baja roast J15.000. California is; cxnocled to be A suj)er.

highway; exleriding California completed next year. Today Is Wednesday, June 28, the 180th day "of 1972 with 1SG to follow. The moon Is between-Us full phase and last quarter. The morning'stars are Venus and Saturn. The evening stars arc Mercury; Mare and Jupiter, born.

on tins dale are under the sign of Cancer. American composer Richard Rodgers was born bri June On this day Jn history: In 1S94 Congress made Labor Pay, the first Monday in-September, it holiday for federal employes. In: 1919 the Treaty Versailles was signed, officially 'ending. World War ,1915 Douglas MacArihur announced'the retaking Luzon Ihe Philippines during World War II. In 1971 the U.S.

Court ruled that the use of public funds for parochial schools was unconstitutional. A.thought or the day: Gen. Douglas sajd, "In war, there is no substitute for victory." Simula-ted Diamo.nds fa just I i e. r. a 'r i a 'g A.live i e- a bri l-ltq s'i 1 a e.d i a rh -a -p a n't l-y a a a be re pi a a i ri's f-, I or r.i IJ.q.n s'c'r a.tc.h:! n'g -q n.d f- n'o'r'm v.e'r'y s'to fr'bmil-.

is. m'o ted. j.n.' 1 '4k I'd we 1 sp'd rk II n'g. I l.e'c i from 6 6 60 a a'u i I n.d e'o 'J I r.y e.y os Vindlv a ch P'p (D ca ra i'ze d. 1 a'z'e'- th d't- i r'o'rs the a rri a rh a 't Ja th a't a go re I t.i on you.

Bag 2 9 9 5 29.95. a i ri t.6 re 1 fc I ea'ch'-Her orange" MINA KIGCL summer splash, a blehdto tingle the et he that's de toilette 5.00,7.00 1 2.00 Mo'i i i od Rub, 5 ..5 0 0 0 I a I 4.00, e. r'e 2 .5 0 a y-'w a to re i a t'e i Monterey.

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About Lubbock Avalanche-Journal Archive

Pages Available:
420,456
Years Available:
1927-1977