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Newspaper
Bennington Banner
Location
Bennington, Vermont, United States of America
Date
Dec 02, 1967
Page
9
New York report shows the average Vermont family had about 14 400 in life insurance protection last year up from 12 600 in 1965. The protection equaled 171.
National Life Insurance Company of Vermont announced a first mortgage loan for permanent financing of the Holiday Inn in Brockton Massachusetts. The 120 unit motel includes a one story commercial block, pools, dining and meeting rooms. Vermont life policyholder data show 1966 payments rose 9.1 percent to 16.8 million with total state benefits reaching 26 million.
Vermont National Bank announces the Vermont National Education Loan Plan to assist students and parents facing education costs. The program offers up to 6000 dollars per family with a low 4 percent rate, eight year repayment, advances as tuition is due, and optional credit life insurance. Bankers encourage discussion with staff and emphasize no cap on total funds for qualified applicants.
New York October contracted construction value rose to a record $5 billion, pushing the Dodge Index to 171. Residential and nonresidential segments climbed, with housing up 54 percent from last October and nonbuilding up 19 percent. Utilities projects, including a $200 million oil refinery, accounted for most nonbuilding gains. Through ten months, total contracts reached $44.5 billion, up 3 percent year over year.
The F W Dodge Co reports August contracts for Vermont construction totaling 21 557 000 up more than 100 percent from 1966. Nonresidential 7 504 000 up over 100 percent residential 3 922 000 up 16 percent for nonbuilding total 10 131 000 up more than 100 percent. Year to August shows net 4 percent rise.
The article explains the intricate construction of a standard desk telephone, detailing hundreds of parts in the dial, handset, ringer, and network, plus 1 800 modifications since 1954. It notes global materials from gold to paper and mentions palladium's use in electrical contacts. It also covers the Cuban refugee airlift, flight numbers, costs, and ongoing resettlement figures.
Windsor Vermont The Vermont Legislative Committee of the New England Mobilehome Association voted to urge Congress to remove SBA loan restrictions on mobile home and travel trailer parks. They argue the 50 percent transient space rule is unrealistic since mobile home parks serve permanent residents while trailer parks cater to tourists. They call for more recreational camping, new mobile home parks, and low cost housing. Ray Pecor chairs the committee.
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