•ff PAGE TWENTY - EVENING HERALD, Tues., Jan. 30. 1979 Vote on Ethics Delayed FBI Asked to Probe Scholastic Basketball: After Committee Scrap Home Wood Heating Mortgages Highlight Heritage Year Cross Burning Case East Wins, MHS Loses Can Prove Time Bomb Page 2 Page 6 Page 11 Page 26 Local Mortgages m Double New Mortgages Offered ivJo . „ ^ Assets approach $100 million O J Cloudy Today Mortgages issued in the locally, according to Hale, Seminars Aid Introduction m Highs in the 30s local area more than "because we are a local, doubled the amount issued mutually owned bank, 1979 was the Year of the go to 40 years. tion is escalating the price specialists, savings and Oftallt on paga 2 in the previous year at founded precisely to Mortgage at Heritage Ironically, the longer of his house faster than his loans watch the mortgage Heritage Savings. finance the homes of the Savings. term does not mean that ability to save the down market carefully. Of the President William H. people of our community." The year saw the in­ the borrower will payment. “It’s sad. We see three kinds of banks in Hale reported at the Total mortgages issued troduction of graduated necessarily pay more in­ people come in with $5,000 Connecticut, savings and Two Executed association's annual Eu0ittn0 MrraIJi were $24,937,017. payment loans, extended terest over the life of the to put down, but they need loans are most heavily MOSCOW (UPI) — The official I meeting that the local .Assets approach terms to 40 years, and low loan according to Hale. $7,000. By the time they committed to mortgage mortgages issued in lS78 interest CHFA loans. “We Soviet news agency Tass reported $100 million “Most loans never go to come back with $7,000, the lending with the equivalent today Stepan Zatikyan, an Arme­ totaled $20,535,000, - 104% decided to make a frontal Total resources of the maturity so it’s academic price of the house is up and of 98% of deposits invested nian dissident, and two other peo­ more than in 1977. In 1977 assault on the problem of association at vear-end whether the loan is for 25 they need $9,000. It’s a in mortgage loans. “Since ple were executed for exploding a Heritage savers deposited escalating home costs’’ were $97,882,938, a 21% in­ years or 40.” vicious cycle”. we're specialists, we have bomb in the Moscow subway in more money than local said William H. Hale, CHFA On the other hand, if a a special responsibility to Rhodesia Votes Black Rule crease over the previous January 1977. The first official borrowers needed, so the President. Hale’s strategy borrower could just get see that our mortgage in­ money was invested in year, and two and a half was to find ways to lower Connecticut Housing confirmation of the report had | SALISBURY, Rhodesia (UPI) — A Finance Authority (CHFA) into a home, it would prove struments are up to date been given to Western reporters 6.7 million people are white. “Whether we liked it or not we had loans outside the area. In times the assets of 5 years the borrowers’ monthly sweeping mandate from Rhodesia’s good faith and that, “I hope the U.S. said RAP President Ina Bursey. loans afforded a saving for the best hedge against in­ and provide the maximum Election officials said 42,694 votes to get on and settle our problem,” he 1978. demand was so great ago. The year-end figures payments thereby letting by Nobel laureate and dissident white voters today gave Prime and Britain will match us.” borrowers by offering a flation going. In recent number of people with the were cast for the constitution, 6,903 said. that Heritage doubled its represent a continuation of them afford the increased leader Andrei Sakharov on Mon­ Minister Ian Smith the popular sup­ "The two main groups that cam­ Alliance leader Owen Parvess at­ special interest rate below years the average home opportunity to own their day. against and 575 ballots were voided. investment in the local the record of growth that cost of housing. port he needs to steer his country — In an election night news con­ paigned against the new constitution tributed the high yes vote to the has put Heritage near the the market. CHFA, a state has been increasing in home” , says Hale. Tass described Zatikyan as a They predicted the overall turnout area. Graduated payment reluctantly - toward black majority ference Tuesday, the prime minister — the right-wing Rhodesian Action political popularity of Smith, who has top of the list of the state's agency, borrows in the value at about 11 percent a “ very dangerous repeat rule. among the 90,000 voters would reach never lost an election in his 17-year Heritage prefers to lend loans start out with a low 70 percent. said he hoped the outcome would lead and the liberal-conservative Save savings and loans in terms bond market and makes year — well ahead of the I criminal ” and said he and two ac­ With the bulk of Rhodesia’s 50 to the lifting of international sanc­ political career. monthly payment which national rate of inflation. Seminars Smith, who once predicted blacks Our Nation Alliance — announced rises with the borrower’s the proceeds available for complices were tried in open Voting districts counted, more than tions and end the guerrilla war that William H. Hale, President “Face it; the basic court by the criminal branch of would not rule in Rhodesia for 1,000 they planned to disband their The approval opened the way for income for the first five mortgage loans through To educate realtors and 85 percent of the ballots cast Tuesday has belabored Rhodesia for the past mortgage instrument the Supreme Court. Tass did not years, hailed the outcome as a vic­ organizations as a result of the the constitution to be passed into law $24,937,017. years and then remains banks like Heritage others connected with real were in favor of a draft constitution six years. voting. Savings. Borrowers and hasn’t changed in almost 50 name the two accomplices nor the tory for common sense that reflected by Parliament when it meets early constant for the duration of estate. Heritage Savings that envisions the nation’s first one- the realities of this war-weary coun­ of asset growth. office. properties meeting the years and it wasn’t charges they faced, nor did it say He said the decision of the white '"The Rhodesian people have sold next week. A general election to hand the loan. Another ap­ produced two seminars man, one-vote election within 90 try, led by whites for the past 90 voters to relinquish power to the President William Hale requirements get the ad­ designed to work in the when the bombing trial took place days. Only 3 percent of Rhodesia’s their souls to the devil and deserve to over power to the majority blacks Is told the annual meeting, proach, extending the term kind of inflationary during the year, one on the years. majority blacks was sign of their reap the fruits of the whirlwind,” scheduled to follow on April 20, of a loan to 40 years from vantage of loans at 1V4 to or when the sentence was carried j $21,092,370.1 growth represents "the !\et W orth economy we have today". graduated payment loans out. the usual 25 or 30 years, 2% below re g u la r and one on the CHFA great momentum in pop­ The item in a bank's an­ While Hale says the only has the same effect of mortgage rates. Last year loans. “Both seminars met ularity that has been built nual report considered real answer is a slowing in Heritage issued $1.5 with widespread approval here in the last five years most indicative of the lowering the monthly pay­ the rate of inflation, the Jersey Quake ment. For example the million in CHFA loans. as evidenced by the im­ with new services, new financial strength of the in­ short term need of home An earthquake with its Teng Comment Inflation mediate and enthusiastic branching ideas like our stitution is the net worth monthly payment on a $40,- buyers is for new more The cause of all this con­ response to these new epicenter in (jheesequake, N.J., moneymarkets and our account. In recent years. 000 mortgage would be $25 flexible mortgage instru­ less on a 40 year loan than sternation about home loans in the last quarter of registered 3,8 on the Nutlie Scale,, new main office, which Heritage has ranked high ments. which is what Easterners call the $13,748,101.1 opened last year. " on one for 25 years. buying today is inflation, the year” Hale said. “We’ll among the state’s savings according to Hale. For the Mortgage Specialists Richter Scale, hit central New I Hurts Accord Heritage is believed to be be doing more seminars in $12.667,00a I and loans in terms of per­ the first bank in the area to young home buyer, infla- As hom e m o rtg ag e the future.” Jersey Tuesday and was felt from cent of net worth. The addi­ Perth Amboy to Freehold. It left WASHINGTON (UPI) - Publicly, said, “Europe too is overshadowed $11,296,00al INOW accounts tion of $489,690 to this ac­ 1 residents rattled, but caused no | President Carter says Teng Hsiao- by the threat of war.