Word: refundability
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...prices. > In Hopkinton, N.H., some 30,000 New Englanders flocked to a county fair over the Labor Day weekend. After visitors complained that this year's $2 admission charge, 50¢ more than last year's, was an unfair fair fare, the event's organizers offered a refund last week to anyone who could present a ticket stub. Since few people had retained their stubs, fair officials were still trying to figure out what to do with $10,000 of unclaimed but illegally collected cash...
...test scores showed that nearly 73% of the children had reached or exceeded national levels in reading or math. But the gains were spotty. Among sixth-graders, 69% reached the average level in math but only 40% got there in reading. As a result, the firm had to refund $75,000 to the school system. Still, Gary Superintendent Gordon L. McAndrew pronounced the overall results "encouraging...
...afford the price of bread in the markets, King Richard responds with his anti-inflationary proposal, which says in effect: "Let them eat cars!" The only way a homeowner can now get any money back is not through lowered prices or raised salaries but by a refund for every new car he buys...
During the next few months, some 8.5 million Americans will receive a check that is almost as rare these days as a winning lottery ticket: a partial refund on their automobile insurance premiums. The lucky recipients are policyholders of State Farm Mutual, the nation's largest auto insurer, which revealed this week a $112.2 million underwriting profit for the first six months of 1971, compared with an $18.4 million loss in the same period last year. The company's overall earnings after taxes have shot up to $108 million -an astonishing 500% improvement on last year...
...down, the Shapp administration has been scrambling desperately to stave off bankruptcy. It has resorted to various stopgap appropriation measures and to short-term borrowing. In the meantime, it has helplessly accumulated a debt of more than $200 million. Shapp is not sure whether the government will have to refund the taxes it has collected to date or whether it can use them as credit toward some alternative tax that will be acceptable to the state court. Says the Governor's financial aide, Ed Simon: "We're right back where we started when we took office...