The White Falcon - 19.12.1980, Blaðsíða 4

4 HUDKite falcon T3ecomber 19, 1980
Gen. Schwenk visits
Lieutenant General A.G. Schwenk, USMC, Commanding General, Fleet Marine
Force, Atlantic Fleet, said the Marines at Keflavik are doing a good job
during an interview with JOC Tom Jones on TV-4 here December 9- The
General went on to describe the Marines at the Keflavik Marine Barracks as
having high morale and good discipline.
New Year-
new kronur
If you shop in stores off base
you probably have noticed many items
are marked with two different
pr ic es.
One price is for the kronur
currently in use and one price is
for "new kronur". Beginning January
1 new kronur will be issued which is
worth 100 times what the present
"old kronur" is worth. Thus, the
two prices on the items are to
acquaint the customer with the new
kronur and to serve during a
transition period where both old and
new kronur currency will be used.
If you have old kronur at the end
of 1980 you will still be able to
use it until June 30, 1981. After
June 30 the Central Bank of Iceland
will exchange the old kronur for new
until December 31.
If you divide the old kronur by
100 you have the value of the kronur
in new kronur. Thus, 3,780 old
kronur are equal to 37.80 new kronur.
Why are gasoline
prices so high?!
(by Ensign G. M. King)
Maintaining a supply of gaso-
line is very important, but how im-
portant is the price of gasoline?
In the last year the price of
gas at the Navy Exchange has risen
72q to make the price seem excessive.
Since the average car on base uses
26 gallons per month, this equates
to $18.72 per month less to spend
on the symphony concerts, steak
dinners or whatever.
Why is the price of gasoline so
high in Iceland? Most of the in-
crease is due to the higher cost of
the raw product - oil. There are
also other associated costs.
The Navy Exchange buys all of its
gasoline from the Fuels Division of
the Supply Department, who get it
from the Defense Fuel Supply Center,
an organization that supports the
many varied fuel requirements of the
entire Department of Defense.
The type of fuel sold here is
specially formulated to withstand
longer and harsher environmental
conditions and is therefore more
expensive. The cost of the fuel
plus transportation costs determine
the prices worldwide. These prices
are usually stable, however, in
February of this year the price
jumped 217% in just one day.
The Navy Exchange, having re-
ceived several days early notifi-
cation, invested a considerable
amount of money in fuel before the
price increase. With the help of
the Supply Department, the Navy
Exchange received a fuel storage
contract with ESSO of Iceland.
While the supply of inexpensive
gas lasted, the Exchange customer
saved money. By gradually increasing
the price of gasoline, the impact of
a 217% increase in cost price was
lessened considerably. At the same
time, the Exchange also received
additional profits, all of which
was returned to the customer by
selling gasoline that was on hand at
a loss for several months.
This week the price of gasoline
was raised lOf a gallon. This in-
evitable price increase is an unfor-
tunate indication that inflation has
finally caught up with the Navy
Exchange gasoline pumps. Because of
the Navy Exchange's efforts, however,
this price increase was delayed ten
months rather than attaining it in
one massive jump.
On the cover fr
Santa Claus visits with one of
the children at the Hofn Christmas
Party. Front Cover photo by J02
Dave Guise, all artwork on front and
back covers by P!!2 Thom I.indgren,
F.A3 Bernie Games and SN Karen Dean
Guise. Thanks to the Print Shop
Staff for their efforts.
NACSC elects officers
The Northern Atlantic Coin & Stamp
Club recently elected Russ Burkhard
as club president and Vernon Wilmer
as vice-president.
The club meets Sundays at 3 p.m.
in building T-170. After the club
meeting the members trade or sell
stamps and coins.
You do not have to be an expert
coin or stamp collector in order to
join the club. The club is looking
for prospective members.
Take a ski trip next month
The Tour Office is offering one
and two week ski trips to the Aus-
trian Alps starting the first week
in January. Flights will depart
Keflavik on January 3,4,10,11,17,18,
24 and 25 to Luxembourg. Bus trans-
portation will be provided to St.
Anton, Kitzbuhel or Zell-Am-See in
addition to other benefits included
in the tour price. The Tour Office
may be contacted at 4420.