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Veterans News '
Many World War II veterans are still eligible for GI loans. For great numbers of WW II veterans the deadline has already passed, and the final date for all WW II loans is July 25, 1967. Each veteran can figure his own GI loan deadline date by using the following formula: Add 10 years to the date of his discharge from his last period of active service in WW II. Then add an additional year for each 90 days of active service in WW II. (Any remaining balance of less than 90 days does not count.) For example, a veteran with two and a half years active service who was discharged Jan. 10, 1946 would add 10 years to that date, arriving at January 10, 1956. Then for each 90 day 'period, eight in the 2 years arid 2 in the half year period, he would add a year, making a total of 10 more years. His deadline date for a GI loan would be Jan. TO, 1966. If discharge from active duty was for a wartime service connected disability, his deadline date would arrive at the maximum,July 25,1967. Korean veterans use the same formula, but they have minimum eligibility until Jan. 13, 1965, and their maximum is January 31, 1975. Edward M. Mathews, of the Front Royal office of the Division of War Veterans’ Claims is in Washington at the Clerk’s Office on 1st and 3rd Monday from 2 to 4 p. m. and will gladly give more details on this subject of any other matter connected with veterans’ affairs. ....
General Business
Conditions Good
As summer fades Into fall, the United States economy is continuing to push to new highs, say Dr. Gene McMurtry and D. U. Livermore, agricultural economists of Virginia Polytechnic Institute. The total for the first half of 1964 was about in line with the widely expressed optimism of consumers and business.
August was the forty-second month of expansion—a record for the length of peacetime periods of economic expansion. It now appears that 1964 will set a new record and will surpass 1963 by at least 5 percent. The amazing thing about the current phase of this business cycle is that it is well-balanced, say the economists. The prosperity has been and still is widely shared industrially and geographically. There has been no abnormal inventory accumulation and labor relations have been good with no major work stoppages. Against this background of high level business activity there are some uncertainties, notably in agriculture and construction, but nothing that should halt the general upward trend in the rest of 1964. Retail sales for June were up 7 percent with the biggest growth, in automobiles, appliSome
75 tons of water are j used in the manufacture of one ton%f rayon. '
88.2%