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er physical ,rr-"urrrr" of ,tle products such with open end or credit oiher than open "'ri mrrn r r ., ..r rr r asonecentagallonor$Iaton.Theprices end. i Tno board o{ governors of t}e federal of t}rese prodicts also vary f.o- we"k to Creditors may use until March l, lgzo, : -' r reserve system has issued an amend- week and'month to month.any printed forms which ln"r" p."pu."d , I ment to its truth in lending regulation.Z The board's amendment is designed to b"ior" deadline in an effort to comply with ,l to clarify one provision relating to dis- alleviate these problems and to make it the original provision. counts granted by creditors on sales to their customers for prompt payment of bills.

Creditors offering discounts for prompt payment of single payment transactions will be required to state the "annual percentage rate" only if the discount exceeds five percent. They will be required to state the discount in dollars and cents on each particular sale. The amendment also simplifies the computation of the "annual percentage rate" when it must be stated. The original provision required creditors to state the "annual percentage rate" no matter what the discount.

Many creditors, for example, offer a two percent discount if a bill that is due in 30 days is paid in full within I0 days. In a case of this kind, the creditor will no longer be required to state an "annual percentage rate."

It has come to the board's attention t}at many creditors have discontinued the use of discounts for prompt payment. This is especially true in agricultut'al types of credit where there has been special diffi

By R0SS KINCAID executive vice president

Tff E can't suarantee hurricane force W winds. torrential rains and an "in the dark" happy hour and banquet (remember rhe 1967 Salishan conference?) as entertainment features of our Sth annual all-industry marketing conference. But, more important, this year's program, September l4-I7, at. Salishan Lodge, Gleneden Beach, Ore., will include the builder's point of view on building material distribution and marketing; a comprehensive report on inroads being made by mobile homes and multiple dwelling units; and, of course, a discussion and exchange of ideas among all industry factors.

The program rolls out September 14 with an early-bird (no host) cocktail party at 6:30 p.m. September 15 starts at daylight with a four-hour salmon fishing derby on Depoe Bay, with prizes. For golfers there'll be a nine-hole tournament for women, IB holes for men, with tee-ofi starting at 9:00 a.m. This is for everyone: low, high or no handicap. Foursomes to be arranged by committee, more prizes. A 6 to 7 p.m. nohost happy hour (no planned dinner this night) will round out the day.

The conference begins at breakfast Tuesday with a special kick-off speech by Ray Hallberg, vp. of the National Assn. of Home Builders. He will discuss, from the builder's point of view, the problems, current and future, relating to distribution and marketing. Following both breakfast and luncheon, each segment of tJre industry (dealer, wholesaler, manufacturer) will meet separately and will be briefed by representatives of the other two groups on distribution and marketing problems as they see them. There will be ample time for discussion and suggestions.

The luncheon speaker will be Richard Bullock, publisher and editorial director of Building MaterinJs Merchandiser, who will report on inroads being made by mobile lumber & Building homes and multiple dwelling units and the impact on our industry.

The 6:00 p.m. happy hour and dinner will be followed by the awarding of prizes for fishermen and golfers.

Next day brings a panel discussion moderated by Richard Bullock with the summarizations and recommendations resulting from the previous day's meetings. Conference concludes by noon. Plan to attend this interesting conference.

In Plumbers Local 636 (Mechanical Contractors Assn. of Detroit, Inc.) (I77 NLRB No. l4), which was made public July 4, 1969, the board reasserted its adherence to the "right to control" test in determining whether an unlawful secondary boycott exists. Under that test, a union may not lawfully apply economic pressure against an employer to preserve work for its members if the employer does not have oocontrol" as to whether or not the labor-saving product will be used.

The theory is that if a prefabricated product is specified by the owner or architect, the immediate employer (e.g., a contractor) does not have the power to grant the union's demand; hence, the union's target will be deemed to be the specifieri.e. a secondary, rather than a primary, obiective.

Dealer Van Service

Salesmen for DOORS lNC. initiate a rack program with dealers and customers. Following salesmen's calls, the new van service arrives regularly to maintain the racks. Items carried by the van include a full line of specialtiesr plant-ons, sculptured legs, finials, spindles, posts, as well as stocks of adhesives, vinyl outside carpeting and filigree hardboard and components. Let us bring this efficient, new service to you.

lslqnd Wood Treoler Growing

Expansion is the rule at Honolulu Wood ting Co., Honolulu, Hawaii. Clinton

Halsted, president, reports that a two story office annex is being added to the main plant, where capacity was recently increased 30%.

A plant is in operation at Hilo on the "big" island ahd a new Clinton Halstead plant being completed on the isle of Maui is expected to be in full operation by No- venrber. The oompany plans to have facilities on all the major islands of the Hawaiian chain.

Remodelers Remodel Their Nome NERSIcA, Inc., after 36 years, will now be known as the National Remodelers Association. Established in 1933 as the National Established Roofing Siding Insulation Contractors Association, it has grown from a small regional association to the recognized voice of the remodeling contractor nation wide with 37 local affiliated councils.

The NRA is one of the four associations sponsoring the annual Home Improvement Time Program.

G-P Advonces Hqrry Merlo

Georgia-Pacific has narned Harry A. Merlo to their newly expanded post of vp. for western logging operations. He hr" been vp. and gen. mgr. of the No. Calil div. Merlo also has moved to G-P headquarters in Portland.

George Schmidbauer succeeds Merlo and is now gen. mgr. of western lumber operations. He was gen. mgr. of the Crawford mills until joining G-P last year.

Douglas W. Clayton continues as gen. mgr. of the Samoa, Carlottq Big Lagoon, Tidewater and Cloverdale, Calif., lumber and plywood operations as well as Humboldt county timberlands.

Weslern Lurnber t Building ,t^dteriols JYTERCHANT

Monlono Building Mqteriol Deolers Associolion

325 Fulfrr Avcnur. llclcno, l{oatonq 59601, 11061 1,1,2-2120

NNON]TANA NtrWS 6

By R. V. PETERSETI exec[tive Yice president

FARLY August witnessed the annual ! "gathering of the clan" at Lewistown when both the dealer's and salesmen's organizations held their mid-summer meet- ings at the Yogo Inn.

Hosts to the meeting Al Gates and Arnie Nelson, Montana Lumber & Hardware Co., Lewistown, report this to be the sixteenth repeat of the fun-fest. Ostensibly gathering for business purposes, both organizations observed the proprieties with working sessions. It is to be noted, however, that these sessions were accomplished with brevity and dispatch to permit a general exodus to the golf course or to Spring Creek. At this point the records. become somewhat clouded. At this writing it is impossible to report who had the low net or the low gross in the bunion derby. Nor can we report the successful, seeker after the most rainbow trout, or the successful Walton with the largest. This confusion and lack of detail must be blamed on indifierent editorial attention and a communications gap.

MBMDA prexie Emmett Madden, vp. Dex Shaurette, and directors Arnie Nelson, Wally Steffan and Wilbur W'eston were on hand to assure a productive director's meeting, with Dex driving over 500 miles in a 'omore or less direct line" to reach this central spot in the state from his outpost in far northwest Montana.

It was good to see Roland Mahnke, manager of Boise Cascade at Billings, back in circulation after surgery and hospitalization.

This weekend provided a welcome break in a busy summer routine. Which routine includes the recently acquired responsibility for compliance with regulation Z. Discussion of the requirements and efiects of the regulation seemed to reveal a rather general attitude of apathy and indifference on the part of the consuming public whom the law seeks to protect. Apparent, also, is indifierence on the part of a small segment o{ retailers as to the importance of or the need to comply. A sort of head-in-the-sand attitude which suggests perhaps the troubles will disappear like mosquitoes after frost. Uppermost in the minds of t}e average dealer, however, is the importance and necessity of complying, and the intention to do so. He recognizes the need for legislative modification of certain facets of the law as they afiect his business. It can only be hoped that he is a man of conviction and will indicate his feelings to his representatives in Congress.

Sun Lumber Enlolges Stoff

Sun Lumber Co., San Pedrq Calif., now has Fred Scane. Phil Ogden and Lewis Sheer on their staff. Scane and Ogden are in the wholesale sales division. Scheer is expeditor of loads as well as "will call."

Scheer was formerly with Rossman Lumber, Wilmington, Calif.; Ogden was witl Cal-Russ Construction and Van Patten Lumber, Ontario Calif.; and Scane with La Habra Cabinet Co. and Richardson Lumber.