Page 12 THE BATTALION
WEDNESDAY, NOVEMBER 15, 1978
IRS won’t get employer W-2s Vast pools untapped
Major changes have been made in
the reporting of wages by employers
for 1978, says, Jiqlly Rises, district
manager in Bfyaq of the Social Se
curity Administration.
Rees said wages are no longer re
ported on a quarterly basis. In
stead, wages will be reported annu
ally on Form W-2.
Quarterly summary reports of
total wages paid and taxes withheld
are still required by Internal Reve-
Aggie Players
and
Theater Arts Section
present
Pulitzer
Prize
Winner
by
Archibald
MacLeish
Nov. 13-18
8 p.m.
Rudder Forum
G&noral Mm. - $3
TAMU Student - $2
Tickets at Rudder
Box Office
nue Service on revised Form 941.
However, he said. Form 941A,
which formerly gave the names, so
cial security numbers, and quarterly
wages of employee, is now obsolete.
A second major change is that an
nual wage reports on Form W-2
should be sent to the Social Security
Administration instead of to the
Internal Revenue Service, Rees
said. Detailed instructions for W-2
forms are in the revised Circular E
• Supplement, which is available in
any Internal Revenue Service dis
trict office.
The Social Security Administra
tion is strongly encouraging larger
employers with computer capability
to report the annual W-2 wages on
magnetic media, he said. The Social
Security Administraton data pro
cessing center in Baltimore is able
tape, disk cartridge e anddSls C C l| HI. <1 H0W0St Oil tlttHl
Reporting by magnetic media has
several advantages. Costs of pro
cessing reports on magnetic media
are much less than processing paper
reports, leading to tax savings, Rees
said. Other advantages are reduced
costs for the employer, greater ac
curacy, prompter processing, re
duction in mailing and handling cost
and less storage of paper employer
records. Employers will also have
greater flexibility in designing their
own Form W-2 for employees, re
ducing the cost of forms.
Employers who have computer
capability should contact Pat Insko,
wage reporting specialist, for details
at 16510 Northchase, Suite 210,
Houston, Tx. 77060, or call 226-
5798.
AIR
FORCE
ROTC -
HERE ARE THE
When you’re discussing something as important as
your future, it’s urgent that you get the straight facts
. . . and that you understand them. Air Force ROTC
can be an important part of your future. We would like
to outline some of the facts and invite you to look into
gathering more.
It’s a fact: the Air Force needs highly-qualified, dedi
cated officers. . . men and women. It’s a fact: we need
people in all kinds of educational disciplines. It’s a fact:
we’re prepared to offer financial help to those who can
qualify for an Air Force ROTC scholarship.
Get together with an AFROTC representative and
discuss the program. We’ll give you all the facts. It
could be one of the most important talks you’ve ever
had with anyone about your educational plans.
Gateway to a great way of life.
United Press International
TOKYO — A new star is join
ing the cast of the 20th Century’s
great economic drama — the
pursuit of money and power from
oil.
China, a late comer to the
show, apparently is sitting on
one of the world’s last big untap
ped pools of petroleum.
Energy Secretary James
Schlesinger recently said China’s
oil reserves may amount to at
least 100 billion barrels, more
than three times the proven re
serves in the United States.
Schlesinger had just com
pleted a three-week tour of
China, during which he offered
American cooperation in de
veloping China’s coal, oil and
hydroelectric power resources.
Chinese officials told him their
goal was to raise oil production to
between 4 million and 6 million
barrels a day by 1985. That
would put China in the same
league with such oil titans as Iran
and the United States.
“China has visibly come to a
turn in the road,” the energy
secretary said.
“The emphasis is wholehear
tedly on economic progress.
There is no longer emphasis on
ideological differences. They
have found ideological refine
ments don’t produce any goods.”
The giant oil companies of the
western world like Shell, British
Petroleum, Gulf and Standard
originally developed most of the
world’s big oil fields outside the
communist bloc. They do not
seem likely to get much of the
action in China, at least for the
time being.
Simply by persistence and
study, the Chinese have got the
hang of oil drilling. They still lack
the technology for drilling wells
in deep water offshore, a field
where the big Western countries
have a monopoly. That might
eventually give them a role^
the Chinese go into deep ^
drilling. Schlesinger thinks i
is unlikely to happen before 1
or 1983 at the earliest.
China’s oil industry was 1»
of desperation. The co
government there came
in 1949. Its relations
America went into a long,
freeze when China sided «j
North Korea in the 1950-531!
rean War.
According to estimates oft
U.S. Bureau of Mines, Cl®
oil output in 1976 reached
million barrels. The bur
guessed China’s 1977 output
682 million barrels.
Schlesinger says output
year will lie about 750 mil
barrels. Asked whether Cli
can meet its ambitious prod
tion goals for the mid-UK
Schlesinger offers a cautious
swer: “It is not impossible.
U.S.-China trade growing
says agriculture secretary
United Press International
HONG KONG — China will
likely become a “regular and signifi
cant purchaser of American grain
and cotton in the next few years,
U.S. Agriculture Secretary Bob
Bergland said Tuesday.
Bergland told persons at a Hong
Kong press conference following his
10-day trip to China that he is cer
tain there will be "noticeable expan
sion of agricultural trade between
the two countries.”
The Chinese will most likely be
come “regular and signficant pur
chasers of American grains and cot
tons in the next few years,” Berg
land said.
The Bergland delegation was the
highest ranking U.S. agricultural
group to visit China since the
Communist takeover in 1949. It was
one of a growing number of U.S. at
tempts to open trade with the Asian
giant despite the absence of dip
lomatic relations between Washing
ton and Peking.
In recent weeks, American offi
cials and businessmen have dis-
MANOR EAST 3 THEATRES
7:25
9:45
7:30
9:50
7:20
9:40
SATURDAY NIGHT
FEVER
THE BIG FIX
SOMEBODY KILLED
HER HUSBAND
Skyway Twin
SENIORS
PLUS
SUMMER SCHOOL
TEACHERS
GROOVE TUBE
PLUS
GUESS WHAT HAPPENED
IN SCHOOL TODAY
Campus
■
Kris Kristoferson
CONVOY
Now Better Than Ever. You Will Be Pleased With
These Carefully Prepared and Taste Tempting Foods.
Each Daily Special Only $1.69 Plus Tax.
“Open Daily”
Dining:11A.M. to 1:30P.M. —4:00 P.M. to7:00 P.M.
MONDAY EVENING
SPECIAL
Salisbury Steak
with
Mushroom Gravy
Whipped Potatoes
Your Choice of
One Vegetable
Roll or Corn Bread and Butter
Coffee or Tea
TUESDAY EVENING
SPECIAL
Mexican Fiesta
Dinner
Two Cheese and
Onion Enchiladas
w/chili
Mexican Rice
Patio Style Pinto Beans
Tostadas
Coffee or Tea
One Corn Bread and Butter
WEDNESDAY
EVENING SPECIAL
Chicken Fried Steak
w/cream Gravy
Whipped Potatoes and
Choice of one other
Vegetable
Roll or Corn Bread and Butter
Coffee or Tea
THURSDAY EVENING SPECIAL
Italian Candle Light Spaghetti Dinner
SERVED WITH SPICED MEAT BALLS AND SAUCE
Parmesan Cheese - Tossed Green Salad
Choice of Salad Dressing - Hot Garlic Bread
Tea or Coffee
FRIDAY EVENING
SPECIAL
BREADED FISH
FILET w/TARTAR
SAUCE
Cole Slaw
Hush Puppies
Choice of one
vegetable
Roll or Corn Bread & Butter
Tea or Coffee
SATURDAY
NOON and EVENING
SPECIAL
Chicken &
Dumplings
Tossed Salad
Choice of one
vegetable
Roll or Corn Bread & Butter
Tea or Coffee
“Quality First”
SUNDAY SPECIAL
NOON and EVENING
ROAST TURKEY DINNER
Served with
Cranberry Sauce
Cornbread Dressing
Roll or Corn Bread - Butter -
Coffee or Tea
Giblet Gravy
And your choice of any
One vegetable
closed plans to help China develop
coal mines and build dams, con
struct a chain of tourist hotels and
offer loans to Peking for trade and
development.
China has purchased 4.35 million
tons of wheat and corn and 305,333
bales of cotton from the United
States for shipment during the cur
rent marketing year.
Bergland said he does not know
whether increased purchase) I
the United States will beat! I
pense of China’s tralsf
suppliers, Canada and Auslui
Assistant U.S. Agricultures |
tary M. Rupert Cutler, oneoll
members of the Bergland
tion, told reporters the
States and China have agreed
change teams of scientists toi |
various agricultural subjects
UN panel condemn
Israeli "desecrations
United Press International
PARIS — The adoption of an Arab motion accusing Israelofilf| I
archaeological digs in Jerusalem poses the possibility of a newe
for the United Nation’s Educational, Scientific and Cultural Ore
zation (UNESCO).
The threat of a new confrontation arose Monday whenaspr:
UNESCO commission voted 59 to 22 with 8 abstentions toconde
Israel’s alleged damage to Moslem monuments through archaeoi)
cal digs.
The general conference was expected to confirm the vote wilt
few days.
The move might plunge UNESCO into the same difficulties it: L
to face in 1974 when the United States refused to pay itsduesi|
UNESCO condemned Israel for its archaeological digs and for
ing Arabs of education in its territories.
The United States voted against the Arab motion, backed h) I
Soviet bloc. Unlike 1974, however, the U.S. delegation didnlil
the heated debate over the draft.
U.S. delegate Russel Heater later said, “I remained silent in w
not to further inflame debate in this forum to the detriment ofnj
important negotiations.”
He indicated his delegation didn’t want to stir any debates
might hurt the touchy Egyptian-lsraeli peace talks.
Heater, however, served notice that “my silence doesnotim
way mean a weakening of my government’s opposition to the res
tion, condemnation or sanction which my government deplore)
unconstitutional, unfair and contrary to normal practices belli
states.”
Israeli delegate Amiel Najar rejected the Arab accusations as s
ply absurd and intolerable.”
“It is evident,” Najar said in the packed meeting hall, “that ill
illegal sanctions applied to Israel are maintained, such an
would not be understood either in Israel or the world.”
Li 846-6714 & 846-1151
846-6714 & 846-1151 _
UNIVERSITY SQUARE SHOPPING CENTER „
CINEMA
na i i y
1:30
3:30
5:30
7:30
9:30
□
"SGT PEPPER’S
LONELY HEARTS^
[PofCLUB BAND”)
f 1
||
CINEMA
NA119NAI.
ANIMAL
The Elegant
of Lingerie*
For You
The Soft Tool
707 TEXAS
. 846-1972
MSC AGGIE CINEW
Henry V
Laurence Oliver
Leslie Banks
The film is a magnificent
evocation of England, it’s Kin!
it’s people and it’s glory.
Play by
William
Shakespeare
Directed l>)
Laurence
Oliver
Wednesday
November 15
8 P.M.
Rudder Theater
wy Kshiihstt; i