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By R. V. PETERSEI{ executive vice president

FEDERAL legislation now in process I seems to assure establishment of the 240,000-acre Lincoln Back Country Wilderness Area.

In testifying on the bill, forest industry spokesmen urged that 25Vo oL the area be managed for timber crop, recreation and otJrer multiple uses in line with the recommendations of the Forest Service. If the bill passes in this form it would seem to be moot whether it represents a gain for the forest industry or for the "conservationists." It is in line, however, with the present authorization of the Forest Service to develop lands under their control for outdoor recreation, grazing, wildlife and fish purposes, as well as timber sup. plv.

It is claimed that the recent rise in prime interest rate to BVzTo benefits no one but the lending institutions, and will make it impossible fora family earning less than $12,000 a year to buy a home. Another obstacle in the endless steeplechase being run by the average lumber dealer in pursuit of an honest, albeit meager, profit. Another obstacle in the way of the national goal of more and betterhousing.

By this time the headache has probably developed all the symptoms of migraine. The headache, that is, that has developed from sincerely attempted compliance with the requirements of the Truth-In-Lending law. What with the requisite changes in ticket and billing forms, disclosure of terms and finance charges, notification of "right to rescind," and attempted interpretation of provisions which affect lien rights,-if, as it has been said, the "retailer is not confused yet, it is simply because he is not well informed." Despite the continuing efforts for amendment, revision. modification and clarification of some aspects of Regulation Z, the fact is indisputable that the requirements of the law have been spelled out and compliance is mandatory.

It is inevitable that these requirements by their very nature will affect-and, in some cases, have already afiected-changes in the method of operation of some retailers. But the average lumber dealer will, because of the limitations of his opportunity, continue his same sales pattern and program by modifying it to comply with Regulation Z.

Simpson Exponds in Northwest

Simpson Timber Company has expanded its overlaid plywood production by adding the tnanufacture of this product to its Albany, Oregon, plant.

"This will enable us to expand by AOVo our DecraGuard decorative overlay production to meet expanding customer needs, in addition to substantial gains in nondecorative overlays," said Robert H' Fletcher, plywood and doors div.

To meet these needs the Albany plant now is undergoing a $I million remodeling and expansion, including expansion of manufacturing and warehouse space by 25 percent, and eonsolidation of manufacturing equipment from other Simpson plants in the Northwest.