European Stars And Stripes (Newspaper) - January 18, 1978, Darmstadt, Hesse January 1978 the stars and stripes Adfle 7 record buyers pick favourites Mac named top group a Lapi Lite two hour As much a variety show As it was an awards Santa api set scored for emms wonder was one of those who dominated the awards although he did not release a lat Lon Prescan recording in Lynn favorite female the two of them were named Best in the country duo Dolly Partons new first gathering was the favorite country among the big name entertainers on hand was Kenny whose Lucille was named favorite country f know a lot of people think these awards dont mean said sciences the mondays win music Industry Meh bul by surveys of record the winners of the fifth annual awards to National sampling Fleetwood Mac was named favorite pop and their rumours was named favorite album in the but when youve been in the business As Tang to i with All its peaks and the peaks come to mean a Barry who did not have a big pop hit in was named Favorule mate while Linda who had Otis of pop hits last was named favor lie female pop Debby whose you Light up my life was the biggest record of he was not a finalist in the Favorule female vocalist but her song was voted the year s favorite Natalie Cote was chosen by those surveyed As their favorite female vocalist in rhythm and while the group Earth wind fire was named favorite soul group and the emotions had the favorite soul Best of my ships that almost pass in the night the Bow of the Tanker Scallet China set b wedged Lota the i de the cargo skip Lorenxo of Amoco after a Milnw the Daeke italian ship la los Angeles the which was meter the control of Veteran Lone Bead Flat Victor Schuler who Kec Troi in bums developed the ship farm to re Pood to an order to re Voie it wat nuking the Lorenzo Arnica begun taking on water in the hold from the pain Clifred other compartments were quickly sealed off and two pulled the ships so one wat up More than Stock Solo netted big Lance debt paper says Atlanta a Bert Lance reportedly paid off a million debt to the first National Bank of Chicago my the same Day he completed a million Stock Sale to a saudi arabian tuesdays Atlanta Constitution said court records fixed in Pulton county Supe rior court last week showed lances pay ment freed a mortgage on his Home in he also paid off a loan to the United american Bank of the Constitution reported lances financial difficulties led to his resignation last september As director u the u of Tito of management and the newspaper said Isicc was unavailable for rom men monday an where million Morf lion his sule of Niu Junul Bank of Georgia clock it quoted Washington attorney Robert Allman As saying canes was 1 Lance borrowed million from the Chicago Bank As part of a series of financial actions which enabled him to buy a is percent interest in the Georgia lie pledged his interest in the Georgia Bank As collateral for the while serving 39 budget Lance announced that he would sell his entire Russ plan Field exercises Moscow Lull the soviet Union will hold Field exercises or about troops fib Filo 19 in the Ami of Orsha and the ministry of defense said Block of Abc Stock to satisfy president Carters ethics requirement for Cabinet his announcement led o a drop of More than 50 percent in the Price of the Slock from when he had bought the Bank said that because of bad real Clale Loans it had lost about and it stopped its quarterly causing Unce to lose More than w every throw months when the Slock he Chicago Bank asked Tor additional Rull moral on lances Lance posted 15 parcels of land in including his Home Ihire the Constitution adding that Gulloti county records Stow that Lance Pul up his Altarui Home on a Fps Unce sold 60 percent of ins Stock to businessman 11pharuon this Mimi h credit Rule for Oil firms is revoked Washington i up the internal Revenue service monday revoked rulings that allowed big Oil firms to credit payments to saudi Arabia and Libya against their american income the decision could result in slightly higher gasoline the Treasury department said the cred its amounted to Moo million in 1976 but it said its decision does not imply that the amount of tax benefits Wilt necessarily be eliminated or officials said the revocations will take effect june 30 and Are not retroactive to past tax the Treasury department said while it does not know it the decision will mean any us increase for the Oil if there were such an it could be absorbed by the Oil companies or by the producing countries or passed on in the form of higher product increase slight the increase in gasoline prices attributable to the maximum conceivable tax in crease would be less than on tenth of a cent per Treasury officials said the saudi arabian which has been in effect since Al Lowed american firms that made pay ments to saudi Arabia under a posted Price system to treat Tho payments As income which could be credited to tax they thai Arabia May no longer use posted prices in deter mining lax go the revocation May not have much the other imposed in involved american firms making foreign income tax payments to Libya and credit ing them against income under the conditions thai have prevailed in the the use of a credit rather than a deduction for amounts paid by Oil companies to Libya and saudi Arabia resulted in tax benefits of approximately million in he most recent year tar which data is a Treasury statement Bill Lou saved estimates vary on How much Oil Compa Nies have saved on Aiea since the Oil rulings took effect in 1959 and Howe Oil Industry officials have generally conceded that allowing the payments to be treated As credits has saved the firms Sev eral billion dollars Over the past few a spokesman for Benjamin Rosen chairman of a House subcommittee that has been probing the tax expressed anger at the saying the fact that the decision does not make the reversals retroactive to the Spring of 1376 amounted to a billion the Treasury department giving the Oil companies Over million to play with until june the Treasury had every right to make the ruling retroactive to the Spring of line when the irs issued a press release announcing its the spokesman goof honoured for role in catching suspects up medium a 9monthold has been awarded the tin can of valor by port land police for helping capture two Bur Glary officer Bob Tilley said he to a Call and arrived just As two thieves fled Over the rim of a lie said heave Chase but not Sec anything except a the policeman he noticed the goal was paying particular attention to some Tilley went into the Bushes collared the juvenile
