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January 23, 1971 - Image 6

Resource type:
Text
Publication:
The Michigan Daily, 1971-01-23

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Page Six

THE MICHIGAN DAILY

Saturdav, January 23, 197'

... Si.H.MCIAN DIY audaJnur 3.17

t

Bea ties:

From riches to rags

Ii

LONDON MI) The Beatles,
who roared out of a Liverpool
basement eight years ago to turn
a fortune by singing rock songs,
now are in the red to the tune
of a, million dollars, a lawyer
told the High Court this week.
Their accounts were in such
"lame~ntable shape," said attor-
ney David Hirst, that all. four
singers, plus their company,
might be unable to meet their
tax commitments.
Hirst, representing Beatle

Paul McCartney, 28 year-old
guitarist and song writer made
the assertion to dissolve the
partnership. He said McCartney
also insisted on an accounting
of the mrillions he, John Len-
non, Ringo. Star and George
Harrison, have earned in their
revolution of the pop world.
None of the Beatles attended
the hearing. Lawyers for parties
in the dispute, huddled after
the morning session and agree to
delay a full hearing for a month.

Wives' translator
wins poetry award

Richard Wilbur, highly re- ~
garded American poet, whos e
new verse translation at Mo-
liere's School for Wives will
nake its debut in Ann, Arbor
January 26 -February 7 under
the auspices of Prof esional
Theatre Program~, has just
been awarded the prestigious
Bollingen Prize.,in Poetry.
Professor Wilbur, who is on i
the English faculty at Wesley-
an University, was kited for
"distinguished and continuing
contributions to American po-
etry.,,
The announcement of the
$5000 award, which is adminis-
tered by Yale University and
presented 'every two year:,. was
made this week 'in New ::raven,
Connesticut.
PTP will present the Phoenix
Theatre production of School
for Wives in a premiere prior to
New York in Mendelssohn Theat-
tre, where Wilbur's earlier ver-
sion of The Misanthrope made,
a successful debut under the
same sponsorship in 1968 before
its hit New York run. Stephen
Porter who staged The Misan-
thrope will also direct 'Wilbur's
version of School for Wives.
Wilbur has received :tumer-
ous literary citations, including
the Pulitzer Prize, the National
Book Award, The Edna St. Vin-
cent Millay Memorial Award,
and has published six volumes
of poetry. He was co-author
with Lillian Hellman of the

Hirst accepted this only on the
condition that money due the
four, and their company, Apple
Corps, Ltd., would be channeled
into a joint lawyers' fund until
that time.
McCartney started the row
with a suit on Dec. 31. Hirst
said his client never had ob-
tained an accounting for the
past. four years until then and
only Monday got draft acmounts
"which suggest there probably
is not enough in the kitty to
meet even the individual Beat-
les' income tax and surtax lia-
bility, let alone the company's
corporation tax,"
Prime target of McCartney's
suit was Allan Klein, the Beat-
les' American manager, who
took over after the death of
Brian Epstein, discoverer of the
mop haired singers.
Hirst said the accounts Me-
Cartney finally got showed the
Beatles, separate from the coin-
pany, had a credit of $1.7 mil-
lion, Income tax owed totaled--
$1.5 million-and a conservative
estimate of the surtax above
that would be about $1.2 million.
On this aspect alone, he said,
the Beatles owed about $1 mil-
lionm The Apple company's cap-
ital tax is yet to be estimated.
Hirst said McCartney never
had accepted Klein as manager
"nor trusted him and I shall
submit that on the- evide~ice hi,;
attitude has been fully justi.-
fied."
It's anyone guess how many
millions the Beatles hia e re-
ceived in dollars, pounds and
other currencies around the
world from record sales movies
and performances.
All four are married, in their
late 20's, and haven't done a
joint operation for sever'al yoan-~
They all live like million~aires

although Lennon, the far -out
wizard of song writing, said
about a year ago he is down to
his last $144,000. It seemed like
a jest at the time,
The continuing public ac-
claim, however, produces an in-
come that is likely to keep the
wolf from the door. In the set-
tlement reached last Tuesday,
attorneys for both sides agreed
on the funds to be placed in es-
crow until the full hearing.
These include $3 ;million re-
ceived from associated ;ompa-
nies, $2.4 million owed to the
partnership by associated com-
panies in Britain 25 per cent of
all gross receipts, and $1.1 mnil-
lion in McCartney's royalties
from Emi, a giant in the :nus~cal1
industry.

The

/Michigan

IN1
Daily

4
4

*urii

i 33t)0 vr
f Jr~~
JO\JCJVVASOOA

ummer
ublet
upplement

c __ _ _.. _._ __._ _..____ . _ _______._

comic opera "Candide" with
score by Leonard. Bernstein and
has edited collections of poetr y
by Poe sand Shakespeare.
Tickets for this exciting new
Wilbur translation of School
for Wives are currently on sale
at the PTP ticket office in the
lobby of the Mendelssohn Thea-
tre, which -is open weekdays:
10 am- 1 pm., 2-5 pm. For fur-
ther information, call 7d64-0450.

FONDA-FROINES BENEFIT
UNION BALLROOM
January 27, 8 P.M.
FOR THE PEACE TREATY

-'(
_^E

STUCK WITH' AN, APARTMENT TO SUBLET
FOR THIS SUMMER?
FOR ONLY
RENT IT EASILY through the
Michigan 0 a I I y's Summer
Sublet Supplement appear- You canl place a
ing MARCH 11. 1 c ol. x 4"r ad
that will reach over 33,000 H e e s area p e

DAILY lrOFFICIAL
BULLETIN
The Daily official Bulletin is as
offical publication of the Univer-
sity of Michigan. Notices should be
sent in TYPEWRITTEN f o r m to
Roomu 3528 L.S.A. Bldg., before
2 p.m., cf the day preceding pub-
lication and by 2 p.m. Friday for
Saturday and Sunday. Items ap-
pear only once. Student organiza-
tion notices are not accepted for
publication. For more information,,
phone 764-9270.
SATURDAY, JANUARY 23, 1971
Day Calendar
Gyminastics: Michigan vs. Eastern
Michigan; Crisler Ahena.4 1:30 p.m.
Freshman Basketball: Michigan vs.
Michigan State, Crisler Aena, 4 'p.m.
Hockey: Michigan vs. Denver: Michi-
gan Coliseum,' 8 P.M.j
Placement
3200 S.A.B.
Information on following grad pro-
granms available for browsing in Career,
Planning, 3200 {S.A.B.
Univ. of Dayton, grad. assistantships
and residence hall positions, program1
combines work and study which leads
10%┬░off
EVERYTHING
NOW 0t NOW
Student Book Service
Grad' Students Only
Deli supper and discussion of r
contemporary problems in small
groups at
HILLEL
1429 Hill
THIS SUN., JAN. 24
6 P.M.

to master's degree; assistants receiveiX1
$2400 for two trimesters with tuition l
exemption; residence director. receives L-
for two trimesters $800, room and
board, $600 tuition, $3300 stipend, for
same period asst, resident director re-
ceives $800, room and board, $600 tui-
tion, and $400 stipend.
Northeastern Univ., Boston, g r a d
school of Professional Accounting,
scholarships available for this 15 month!
program aimed at npn-accounting ma-
jors.
U.S. Army Material Command in
conjunction with Texas A&M, engi-
neering grad. programs in maintain-
ability engr., production design engr.,
or systems safety engr., leading to MS
in Engr., average salary during :training11
is $11,192.
Babson College, graduate e d u c.,
for, management leadership, three grad
tContinued on Page 7)

Late registration for HAP
Studio and, performing workshops
at Hillel, 1429 Hill St.
Dance Workshop-Tuesday,
January 26, 8:30 p.m.
Strinq and wind Ensemble--Thursday,
January 28 at 7:30, p.m.
Jewelry and Metal Craft-Thursday,
January 28, 7 :30 p.m.
Drawing and Paintinq-Thursday,
January 28 at 7:30 p.m.
For further info. Coal 663-4129,

eaders
m {iu u '

I

.3
BEDROOM
BI-LEVEL
Air-Conditioned
3 minutes from
Diag and Hospital
Garbage Disposal
Dishwasher
CORNER GEDDES
& FOREST
Call Peter
769-5941

E E
1 E
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Print or Type Copy Legibly in
Space Provided as You Would
Like it to Appear.
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.

A

I

You can place your ad in person at
'420 Maynard Street Mon.-Fri ., 8
,AM.-4:40 P.M. OR mail attached

For the student body:
FLARES
by
SLevi
SFarah
~'Wright

coupon

with check.4

SORRY, NO ADS WILL BE
ACCEPTED BY PHONE

.. ,... - '. ,. i-

Ill

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