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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Mar 01, 1963
Page
3
Wise told commissioners the city cannot wait longer to develop the field and oil companies need timely investment to maximize revenue. He argued the contract offers the greatest probability of profit while providing safeguards. F J Hortig, commission executive officer, lauded the plan.
Ea Pauley interests witness Scott argues the plan would require 90 to 200 million dollars to develop the field and forces a share of net profits to governments, claiming it would eliminate competition and let one company dominate the project. Desmond counters the claim.
Sacramento UPI The California Highway Commission approved spending 19000 to install replicas of California mission bells and El Camino Real signs along U S 101 from San Francisco to Los Angeles.
Austin Fox reports a fresh quake in Tripoli Libya striking Marj city causing multiple building collapses and casualties amid two earlier tremors that killed about 300. The event follows the proposed Los Angeles Southland rapid transit scheme and a Long Beach line discussed at a public hearing with civic leaders including Mayor Samuel W. Yorty.
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