"V anguard Doors"

Patented

Bel-Air's "Vanguard" Security and 20-Minute Fire Rated Doors are the only Stile and Rail Security Panel and Fire Rated Doon made in America with an accredited label. Also available with optional fluted panels Standard stock widths are 30",32" and 36" x 80" x 1'3/4". Constructed of solid, clear vertical grain Western Soft Woods' These "Vanguard" doors meet the demand for a quality Security, Fire and energy conservation door. Manufactured at our new Portland, 0regon factory.

Authentic Leaded Glass Units of intricate designs and delicate beauty enrich the warmth of our Entry Doors Shown are just a few of a wide line of Bel-Air Door Co's. exclusive designs of Leaded Glass Units for doors Unis are individually priced.

(Continued from page 8) following two days was G. Robert Claypool. srouD v.D. and controller for -Certainlteed Coiporation's building materials distribution group. His seminar on cash flow management stressed the importance of speeding up cash collection and slowing down cash disbursement.

In his workbook example, he pointed out how sales figures on the profit and loss statement can mask serious problems that show on the balance sheet, if you know what to look for. He demonstrated examples of changes in financial position and their warning signs and how to forecast cash needs.

He said that the importance of

WATCHII{G DEM0 are (1) Jim Kress, Casey Vorhees and Mike Perry as Norfield's Skip Cheak puts their newest machine through its paces. (2) WBMA exec. v.p. Chuck Link, Richard Stemper. (3) Sid Voorhees, new WBMA pres., Cecil Cleveland, John Martin, exec. V.p. of "Na- planning for cash requirements can not be over estimated. Claypool noted that, especially in the present creditsensitive period, many firms simply would not be able to borrow their way out of problems. tional" and Larry Knudsen. (4) Dick Tuchbreiter, Carl Van Well. (5) Doris & Curley Lee, Helena & Ken Gohrick. (6) Andy & Inge Kvalheim. (7) John Kendall, Roger Baron. (8) Bob Clavoool. Greo Kleiner. (9) PGLir6: Cutler Lewis, Vauglian Pipes,

An outlook for the economy in the Pacific Northwest was presented by Dr. Kevin R. Kelly, a v.p. of U.S. Bancorp. He forecast a tax cut for earlv 1981. but added that it meant incieased government borrowing which would, in turn, result in higher interest rates. The national economy as a whole will decline early this year, though the Northwest will feel the impact to a lesser degree and will remain a strong economic area. Dr.

Kelly felt that new types of mortgages, as well as the conservative cast of the new Reagan Administration would be helpful to the housing indusfry.

The exec. v.p. of the National Lumber & Building Material Dealers Association, John M. Martin, reviewed the changing of the guard resulting from the recent presidential election. He noted that far more key legislators are now from the West and urged listeners to use their influence to protect Western interests. While no "quick fix (of the country's problems) is possible," he said, "the cure is in the making with the Reagan Administration.

Outgoing president Vic Camozzi

(Please turn to page 38)

"Jerry" & Chuck Lauber, Amy & Ted Grainge. (10) Frank Powers, Mike Bates, Jeff Hays. (11) Chuck Hitchcock, Pat Mulcahy, Jack Shaw, Jim Hansen at Wasco exhibit. (12) Bill Wojtech, Bill Zagone, Roy Baker.