Indianapolis Times, Indianapolis, Marion County, 5 August 1948 — Page 26

"New Benefits Will Be Made Automatically By VA; Application Blanks Not Needed

esrb i By DOUGLAS , NEA Stafl Correspondent : WASHINGTON, Aug , orphans and dependants of

passed the closing days of the 80th Congress. ©. Starting Sept.

Ae crane according to the following chart: . It applies to o all, veterans with a

old "ee no % a v8 go Wow xe 60 per cent or more service-cop-aay. 4 {10830 130 nected disability who have de- | idow; $ - jaa 1 Hts. Following is the scale {No widow, . B00 for veterans with 100 per cent {No widow. © $8 1bs|disability: widow, el 126I Wife, no ehild ........coouerereies widow, lB dslwie iene UTI ent " or are children _-

‘9 35(No Sife, , enild shares ) . These increased rates will be No he. 3 or more y children chads 35 made automaticaliy by VA. No Meher a ta tathe ar, sithet or ou appl tion necessary and ependent upon ca » Bo Other veterans with not less;

t ‘iments. for the dependents Of cerly,o, gre at present receiving in am veterans. This is 2 disability compensation.

blanks for these new benefits.

bled American Veterans have! bean: $17ing to get passed for al

Only

| —> 506 FT. WAYNE AVE. <—

- REMOVAL SALE!

| every item reduced .« « save 10% to 50% : Mocs, Women's, Regular 19¢ Kids’ 39¢

RAINGOATS ‘MEN'S SOX WHIRLY HATS

Values fo $6.8 12¢ 25¢

| 9 rl Regular $1.99 Children’s All-Wool 79¢ | : - SWIM TRUNKS WORK SHIRTS | °

no | x37

Men's and Boys’ Cotton Rayon Swim Trunks, 49¢

| ——————— Men's Button-Shoulder © Regular 49¢ ‘UNION SUITS MON SUITS | Hope MUSLIN

Ardour Values and You'll Get the Hea: ee 1 iG T0 THE BARE WALLS!

ALL SALES FINAL!

Tenaers for 7% Years!—

'% i “A Mile From 9? Higher Prices”

DEPT. STORE _

From’ Washington Street

[H NNIVERSARY s! A Great Dress Sale! EN!! K KEEP cooL!!

Men's ‘White. Handkerchiefs ‘Large soft fine first quality 26¢ Grade (Limit 6), 2 for 25¢ Nox Shirts and Shorts, ea., 79¢ Men’s Knit Undershirts . . . 50c Men's Knit Shorts i... 60c

Waist

wENS Broadcloth Shorts 69c¢

MEN'S TR

ee Anklet Socks, 260 to 60c Men's Cool Suits, $2425 to $2975 Men's Men's Sport Jackets, $7%.5(8s¢ Men's Teo Shirts, 69¢ to $2.95 Men's Straw Hats, $1.19 .. 52.46 Med’s 6's Sport Shirts, $296 to $595 Men's Dress Pants, $495 to $795

RL OF OTHER BIG BARGAINS

Monday Thru Friday, 9:30 4 1 fo 5:30 P. M.

1, Veterans Administration checks to dependent widows, orphans and parents of veterans killed during the war will}

Men’s Dress Shirts, $295 to $3%% Mors Knit Union Sul $1.29 Men's Pajamas, $2.95 and $3.95

| veterans will get Nh of Se benefits of the veteran legislation during 18

{for

{than 60 per cent disability will re-| jot, icetve the same percentage of} tien

nother new Jaw provides ay- : : Rer-|these . dependency payments Asi og, — is a list of most.

VE the he Sthss new laws passed by 80th Congress which direct] The VA will supply application the, veterans: yy For certain disabled veterans:

Earlier in” the 80th Congress| The G 1 will now. protwo bills ‘were passed which d ar The Government wi dh Pp

He 8 g i 3 3 i ] ; g 8 s i : 4

Hat:

EN-ROESS

WY Ree

12 ft. 14 ft. 16 ft.

AT MARILYN'S USUAL | LOW PRICE

BE Pe Vig gi Os

eli esses ssn

FROIN a. EIR IT ORS EE

-? 2 i-

Your Vacation and Sparing Goods Headquarters

THURSDAY, AUG. 5, 1048

Genuine Calcutta

‘POLES

" With Screw Locking Joints

4.95 5.40 6.40

91/2 Ft. Tonkin Cane Bait Rod—$11.00

EM-ROE

209 WEST WASHINGTON

SPORTING GOODS CO.

L1-3446

CITIZENS GAS & COKE UTI FOR THE SECOND QUARTER OF 1948 ENDING JUNE: 30; 1948 Sole: Quarterly reports, such as this one, are filed every 3 months.with the City Controller. The report reproduced here is necessarily in a simplified form to permit its publication. The report is in two parts. The first part, called the "Balance Sheet,” has nothing to do with sales, or income or expenses. The balance sheet is ; actually a list of what the Gas Utility owns, what it owes and what its net worth is. On the “asset” side are listed _ ' ’ ’ the itams the Gas Utility owns, such as cash, plants, equipment, materials, etc. On the “liability” side are listed Jaa what the Gas Utility owes and the difference between the two is called “Surplus,” representing the Gas Utility's rk net worth. When you add what is “‘owed"’ to the Gas Utility's net ‘worth,’ it should balance with what the Gas rg . Utility “owns.” The second part of this report is called an ‘operating statement,” an accounting of where the money came from and where it went and the difference between the two isa gain or a loss. BALANCE SHEET (What is owned, owed and the Gas Utility's net worth) \l AS OF JUNE 30, 1948 j > ASSETS ( What the Utility owns) Fixep ASSETS She + The value of property, plants, equipment, mains, etc. . .... .. $27,013,441.25 INVESTMENT AND FUND ACCOUNTS 7 The Milburn mine owned ‘by the Gas Vil, money laid aside fo pay off bond.obligations, efer . + + . J i's vw. hie ae vy 130,633.46 CURRENT AND ACCRUED ASSETS Cashonhandandinbanks . + . . + « vs + + $2 0s . 1,527,208.53 ¢ Money owed the Gas Utility by customers. . . . . «ate 1,307,963.81 Production materials, supplies and salable products on "hand son :1,738,355.29 Cash laid aside to pay interest on bond obligations . . . . . .... + 33,432.16 Prepayments . . . . . ER vas aie iae a ee a eS 336,990.93 / i DEBITS ( Obligations incurred but not yet due) i og Cost of pensions for who retire in the future ,.. . . .. 585,876.64 : = + Deferred charges fa. future Spbrations . .... LV. uu. 286,755.04 © TOTAL ASSETS ( Everything the Gas Ritility owns) « +. vs. v vs 54 os iinn $33,030,747.11 # LIABILITIES AND SURPLUS (What the Gas Utiity owes and its net worth) . LONG TERM DEBT : Money borrowed and still owed investors who purchased : Revenue Bonds that are being paid off regularly as due . . . . . $10,072,000.00 CURRENT AND ACCRUED LIABILITIES : Moneyowedtobanks s ... . . . "oi vs oh 0k ah 1,000,000.,00 Other monies owed for materials, supplies (such as coal), freight, ‘ money due for taxes and interest and money owed to customers for daposis » . . + «vv oiaiaii vs boas “save 169198263 DEFERRED CREDITS Cost of pensions for employees who retire in the future ...... 601,447.00 RESERVES A reserve made necessary because miéchinery and equipment must be continuously replaced. This amount is reinvested : in plantsandequipment . . . . . cov sv anv + 858507080 SURPLUS | Accumulated net earnings which have been reinvested in the business, reflecting careful management and profitable * ; operations of past YOArs «i.e i+» 11,080,246.68* TOTAL LIABILITIES AND SURPLUS (What the Gas Utility owes and is worth) $33,030,747.11 '#$101,822.00 was charged to surplus in April to provide for the increase in the payment, in place of taxes, to thd Civil City and School City of the City of Indianapolis in 1948. OPERATING STATEMENT (Where money came from and where if went) : FOR THE THREE MONTHS ENDING JUNE 30, 1948 OPERATING REVENUES vio Received fromthesale of gas . . . « so ve nv v0 ov 0 tu us $1,571,962.46 Received fram the sale of by-products such as coke, tar, efc. ... 266877510 Received in discounts for paying billsontime . .. ........ 4,724.23. $4,245,461.79 DEDUCTIONS FROM REVENUE : ‘Expenses of producing gas and by- -products, operating plants, etc. . 2,932,278.34 Expense of gas distribution such as pumping costs, > main repdirs and maintenance, customer service, etc. . . . . ail 241,849.17 Expenses of reading. meters, billing, accounting, Supervision, etc. °. 220,281.68 “Indiana Gross incometak.: : .. «viv nivel ci : 20,358.33 © An expense to provide for the replacement of worn out machinery, : equipment, plant, etc. i. eesti 203,892.97 3,618,660.49 GROSS. INCOME . 8 9 8 0 8 8 8 . . . eo $626,801.30 DEDUCTIONS FROM GROSS INCOME Interest due on money borrowed from bond holders, = : Le other interest chargesfete. . . . . .. . . .: .. 5 115,363.48 _o | “eC acharge to provide for the payment to the Civil City and School City of the City of Indianapolis a sum in place of taxes. . . . . . . 93,938.00 = The amount required to pay off part of bond obligations * astheybecomedue ................. “owns ae 89,583.34 298,884.82 "© NET INCOME. ......... rer iviins s $327,916.48 Operated by the Board of Directors for Utilities as a Public Charitable Trust

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