The Battalion. (College Station, Tex.) 1893-current, August 14, 1985, Image 5
moN £ Wednesday, August 14, 1985/The Battalion/Page 5 m ^MILyCANEKiS )ilverad( ief ready tofiNt nde of your ft Two Dallas companies file under new bankruptcy laws Mm f co~~m ; i>3n-o Oua.C^«ii jwia—cOnfcm ^ SUMMER ' KID SHOW Thursday IFrift ThU Waaki F«ui AUDINANC IS MAGICLA^ how BtglnilO^Cu | Juit 25t ^omruciiui capt Hoiidiys) iiMJisra HE MAIL H:45 Saint Elmo’s Rt O ■ ROB LOWE J OSM ’:20-9:20 itfcTffa Associated Press DALLAS — Great Western Sugar Co., the principal subsidianr of Hunt International Resources Corp., has assets of $177 million while its liabili ties exceed $201 million, according to documents filed in bankruptcy court. Great Western and Hunt Interna tional have filed for reorganization under Chapter 11 of the federal bankruptcy laws. Hunt International, once a major holding of brothers Nelson Bunker and WT Herbert Hunt of Dallas, has filed schedules showing it owes $175 million. The total debt of Hunt Interna tional and its subsidiaries, a contract drilling company, Offshore Invest ments Ltd., is about $400 million, according to records. At its peak, Hunt International was involved in real estate devel opment, retail food business, oil and gas exploration and development, contract drilling, precious metals in vestments and the production of sugar and related products. Schedules filed Monday show that Great Western had a secured debt of $151.7 million when it filed for bankruptcy March 7. The schedules show the secured total included $66.6 million owed to three banks and nearly $82.6 million to the Commodity Credit Corp., a federal agency engaged in agricultu ral lending. Great Western has reduced its bank debt by $21.5 million since the bankruptcy filing, documents show. The debt to Commodity Credit Corp. was reduced by $38.3 million through the sale of six of its 13 sugar beet refineries, records reveal. Former employees of Great West ern as well as the farmers who sup- E lied the company with sugar beets old many of the $45.6 million in unsecured claims, according to re cords. The major assets of Great West- nar of tcy filim 112.8 mil ern as ot the bankru; March 7 included about lion in inventory and real property, g iant and equipment, records show. ome of the sugar stocks have been sold and the proceeds paid to the Commodity Credit Corp., according to the court documents. AIDS stirs unrest in nation’s prisons 33*4*1 fUKD cwm tfntnrrpicrumflj HERMAN vv's ✓iVTOfo fa ian 8 p.m. • m 5, includ- kitchen fd. Associated Press NEW YORK — A prisoner with AIDS spits at a guard. Another guard refuses to search inmates be cause he fears catching the deadly syndrome. In prisons around the nation, AIDS is causing unrest, confusion and fear. A survey of state and federal risen systems by The Associated ress found widely varying policies for dealing with prisoners with AIDS, and in some cases no proce dures at all. Most prison officials said AIDS is not widespread behind bars. How ever, routine testing for the deadly syndrome is rare, so it is impossible to know how many inmates have been exposed to AIDS. Prisons hold many drug abusers, one of the groups most at risk of de veloping AIDS. Homosexual en counters are also a factor. In New York, where most of the prison AIDS cases have been diag nosed, “about two-thirds of inmates with AIDS admit to being drug abus ers, and about the other third is ho mosexual,” said James Plateau, a corrections department spokesman. There is no evidence that AIDS, which cripples the immune system, can be spread by casual contact. Sex ual contact, sharing of contaminated needles and receiving transfusions of contaminated blood or blood products have been linked to trans mission of AIDS. Misinformation and fear abound, however. In most cases, the prisoner with AIDS is segregated in an isola tion cell or in a hospital. Routine testing for AIDS is gener ally rejected by prison officials as un necessary. The initial test determines only if the person had been exposed to the virus thought to cause AIDS. An ad ditional test, more difficult and costly, is needed to determine if the person is actually carrying the virus. DEADLINE! Faculty advisors and students should make sure that their student organizations are participating in 4r MSC OPEN HOUSE # 4-8 p.m. Sept. 8,1985 MSC Open House is the four hour showcase of over 100 student orga nizations. It traditionally has been the best way to recruit new mem bers. Make sure your group is reg istered before the August 15 dead line. Applications are available in room 216 of the MSC. For more information, call Chris Bowers, Open House chairman, at 693-9171 or Terri Marsaw, program advisor, at 845-1515. 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