European Stars And Stripes (Newspaper) - July 14, 1985, Darmstadt, Hesse                                July 1985 the stars and stripes Page 19 business news Disney planning film studio in Florida Walt Disney productions plans to build a million film studio adjacent to Walt Disney world and Epcot Center in the which will have four sound will be devel oped As a tourist attraction with a separate admission from the adjacent Parks As Well As a production site for Disney the studio tour will include Disney attractions As Well As film music and costumes from the Mem a entertainment through a lease arrangement with Disney has obtained the rights to the film company extensive Library of movies As Well As other although Disney will not be Able to use com investors guide by William Doyle i exchanged my series e savings Bonds for series h Bonds a number of years this allowed me to postpone paying Federal income tax on the interest that had built up on the e each of the h Bonds i received has a notation on listing the amount of tax deferred e Bond the h Bonds will mature this will i be required to report All the old e Bond interest on my 1985 Federal tax return if you redeem the h Bonds or if the h Bonds do reach their final maturity this All h Bonds have been granted two 10year extended maturity As a h Bonds issued be fore february reach final maturity after 29 eight months h Bonds issued since reach final maturity in 30 Many people who own h Bonds Are not aware of the extended maturity Check the Issue Date on your h to determine when they will reach final when your Bonds pass their final youll no longer receive interest checks through the mail every six at that you should redeem your h Bonds and collect the Bonds face youll have to report that old e Bond interest on your Federal income tax youre required to do that when h Bonds reach full even if you dont redeem your h Bonds and get your hands on their Cash i have a Large number of series e savings i am considering exchanging them for series he because he Bonds pay percent annual interest by Check twice a How Long will i be Able to hold the he Bonds he which have been issued in Exchange for e and be Bonds and savings notes since have 10year the Treasury depart ment has not promised to Grant extended maturities on Hhas things if you receive he Bonds in an those Bonds will mature in exactly 10 at that you will be required to report All your old e Bond interest on your Federal income tax return and pay whatever tax is suppose i redeem just one of the series he Bonds i received in Exchange for e How do i figure that amount of old e Bond interest i must report from the notation on the he listing the amount of old e Bond interest in dollars and that notation accrued interest of on savings notes exchanged for this Bond and included in its Issue Price is reportable for Federal income tax for the year of red Emp disposition or final maturity of this which Ever is i receive the interest checks for my series he Bonds 1 and when is the Best time to redeem these in order to lose no interest arrange to have your Bonds redeemed immediately after either 1 or that youll collect every dime of interest you have coming right up to the Date you Cash in the heres an easy Way to do have your Bonds sent in for redemption in either january or h Bonds and he Bonds presented for redemption to a Federal Reserve Bank or the Bureau of the Public debt during a month immediately preceding an inter est payment Date will not be redeemed until that interest payment if your he Bonds arrive at a Federal Reserve Bank in youll get your 1 interest your Bonds will be redeemed 1 and a Check for their face value will be sent to wishing to write to Kino features columnist Doyle May address their letters in Caro of the stars and Apo plete films from my Mas collection of it can use clips from any of Michael Disney chairman and chief said in a Telephone interview that the project was part of a master plan to build our acres into More cultural and athletic Eisner emphasized that Disney was not cutting Back production of films in which in recent years has lost several to and feature film productions to less costly nonunion such As Florida and were not moving out of Eisner were at 10 times the activity in California that weve been at but we have Only four sound stages in were coming apart at the seams with our in creased production Disney plans to increase its production schedule to 15 films a from four films a and it Hopes to produce 15 or More to movies As Well As six Cable to Jeffrey chairman of Walt Disney pictures and said that is our were starting to get revved up but it would be inappropriate to fore cast exactly How Long it will to handle the increased production Disney has been aggressively hiring movie and television at least seven executives have joined Disney in recent most came from Paramount the studio for which both Eisner and Katzenberg worked Eisner said the company had not decided How the build ing would be tax concessions played no role in the company decision to build the new studio in he plans Are to break ground later this once the studio is one of the company animation units will be moved to Eisner the Parent company of Universal has talked for several years about building a studio tour site in it has also considered other uses for the 420 acres it owns in an Mca executive said the company had no comment on what Impact Disney plan might have on Mas future building a photo a Mickey mouse operation Mickey mouse and a Disney executive look Over a Model of the proposed motion picture studio that the Disney company plans to build in japanese Banks forging ahead new York a five of the 10 biggest Banks in the world Are three Are French and two Are a financial Magazine biggest in the world is Citicorp of new according to a Survey by institutional investor it is Fol Lowed by Dai Ichi Kingyo Bank and Fuji Bank of Banka Nerica of san Francisco is in fourth followed by Sumitomo Mitsubishi Bank and Santa Bank of Banque National de credit agricole and credit Lyonnais of France take the eighth to tenth the monthly Magazine says in its june the Magazine comments that japanese expand ing boldly while Many of their rivals retrenched made a concerted push last year to expand their International presence acquiring Banks in developed set Ting up new offices and brazenly buying businesses displacing French and British behemoths among the top 25 Banks in the the biggest British ranks 12th after society generate of National Westminster of the United kingdom is Deutsche West Germany is the Hong Kong and Shanghai banking is Union Bank of the biggest Swiss ranks Banca Nazionale Del Italy is and Alemene Bank the dutch is the Banks Are ranked by institutional investor says that Citicorp has billion in assets and billion in it is far ahead of Daiichi Kingyo with billion in assets and billion in digest Pepsico signs consent decree Occidental Petroleum Sells for overstating 7982 earnings half of colombian Oil holdings los California a Occidental Petro Leum said it has completed the Sale of half its Oil holdings in Colombia to the Royal dutch Shell group for approximately Occidental agreed to the Deal last the los an Gele based company said it was paid million when the Deal was will get million As production reaches certain Levels and will be reimbursed million or half of its development and production costs this Reagan extends duty tree status to 32 of worlds poorest nations Washington a president Ronald Reagan has issued an executive order extending duty free treat ment in the United states to goods from 32 of the worlds poorest the allowed under a 1984 amendment to the Trade act and invoked for the first covers a Range of eligible articles defined under countries of the third world have frequently complained that protectionist barriers of Industrial countries hamper their new York up Pepsico has signed a con sent decree with the securities and Exchange commission against violating Federal securities Laws after overstating its earnings by million Between 1979 and the Sec also alleged in a complaint against the company and five former employees that the assets of Pepsi cos overseas bottling companies were inflated by million during the same Pepsico and three of the individuals named in the suit signed the consent decree without admitting or denying Lufthansa orders 10 air planes from options on 10 More Seattle up Lufthansa German airlines has ordered 10 Boeing 737300 commercial air planes and taken options on 10 the manufacturer the Sale is Worth at least million and could amount to As Muntis million if Lufthansa purchases 20 of the planes in said Dick a Boeing com Mercial air plane deliveries of the 10 aircraft on firm order will take place Between August and december of next Boeing officials