THE SOUTHLANDffi

at lower tax rates as a result of the Tax Reform Act of 1986.

T HE YEAR 1987 is going to be I great. The economists predict housing starts will maintain, interest rates will be down and we will be looking

The impact of the Tax Reform Bill will be felt by all. To give all the members of LASC a better feel for it, we will have a speaker on it at the Feb. meeting in San Diego. With the changes or perhaps newer interpretations that will cants who are "recruited," a term which will undoubtedly have to be defined by the Justice Dept. in regulations implementing the law. be handed down, it should make for a very interesting meeting. The specific location in San Diego has not been selected yet, but, in all probability, the meeting will be at one of the finer hotels in downtown San Diego.

The bill provides an initial sixmonth period during which the government is directed to develop and disseminate an education program on the requirement of the new law. For a year after that, there will be no fines levied, only citations.

Congratulations to Clayton Smith, who was installed as WBMA 1987 president at our 83rd annual convention held in Bellevue in November. He joined the W.J. Conrad Lumber Co. of Coos Bay, Or., 40 years ago and is now co-owner and v.p./gen.mgr. Clayton has been active in WBMA affairs for many years, in addition to his many community activities. Congratulations to Clayton and his family and best wishes for a successful and happy 1987.

WBMA members sincerely appreciate the time, effort and inspired leadership outgoing president Bob Perrin devoted to association activities through 1986. We thank Bob, his wife, Becky, and family for their generous support of WBMA.

The May meeting will be Catalina bound. We may be able to stay in a condo project on Catalina or we may just stay in Long Beach at one of the hotels near the Convention Center and go to Catalina for the day with a portion of the meeting being held on the Island.

Area meetings will be held in late

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