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Newspaper
Linton Daily Citizen
Location
Linton, Indiana, United States of America
Date
Dec 05, 1957
Page
10
Chicago report notes a trend toward leasing heavy equipment as major plants and services move away from outright ownership. William R. Heins of United States Leasing Corp. predicts most manufacturers will operate plants mainly with leased gear within 10 to 15 years. Leasing avoids upfront capital and fights obsolescence through rapid upgrades.
Heins notes firms increasingly rent rather than own equipment, citing stable value in real estate versus wear-prone gear. He cites customized automation and a chemical plant lease as examples. Leasing offers tax deferral benefits and improved cash flow for operations.
The United States Savings and Loan League reports that 40 percent of today’s homeowners are aged 25 to 34, up from 30 percent in 1949. The note adds that Java, with about 37 million people, is the world’s most populous island.
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