August 26, 1975

Treas Sec William E Simon chastises Lockheed Aircraft Corp for apparently not having been 'forthright' with Govt about bribes that co has paid oversees, testimony before Sen Banking com; says Emergency Loan Guarantee Bd, of which he is chmn, is 'disturbed' that bd failed to detect bribery; Lockheed chmn Daniel J Haughton, in testimony before bd, refused to characterize payments as bribes; says his attys prefer to call them 'kickbacks'; Simon refuses to say that bd will stop guaranteeing loans to co unless Lockheed stops paying bribes; bd members noted; Simon discloses that bd approved 'roll-over' of a $30-million Lockheed loan that had matured; Sen W Proxmire's questioning of Simon noted; Haughton says he does not believe there was connection etween foreign payments and apparent Aug 22 suicide of Lockheed vp and treas Robert N Waters; illus of Simon; of Haughton (M)

Mayor Beame on Aug 25 fails to complete 3-yr budget plan he hopes will convince investors they should lend more money to NYC; state and Munic Assistance Corp officials, who waited all day to receive proposal, irked; Beame reptdly determined that proposal be impervious to challenge and every detail checked and rechecked; also encountered reluctance on some elements of pkg from Estimate Bd members; speculation discussed; Gov Carey meets with Assembly Speaker Stanley Steingut as Beame meets with Controller Harrison J Goldin; Carey illus with MAC official Felix G Rohatyn (M)

A special membership meeting of the Actors Equity Association voted overwhelmingly against a new code for noncommercial productions. The code had come under fire as a threat to Off Off Broadway Page 36

Pres Ford, speaking at Natl Hardware Wk Conv, Chicago, says he will urge Cong to ease tax burdens on business to spur capital investment; says Cong has offered no alternatives to White House proposals, such as abolition of 'double taxation' of divds; pledges he will balance favored tax treatment for business with vigorous enforcement of antitrust laws; says natl tax laws fail to stimulate capital investment; officials accompanying Pres say proposal to aid business will be amplified in companion pledge to cut down on paperwork, such as income tax returns, required of individuals (S)

Greek Cabinet decides unanimously to spare lives of George Papadopoulos, Nikolaos Makarezos and Stylianos Patakos; 3 had been sentenced to death for their parts in '67 coup; decision is made in face of growing opposition from pol parties, press and public and follows charges by opposition leaders that Govt's haste to hint at clemency implied either submission to pressure or previous commitments; Govt has rejected charges; opposition Center Union head George Mavros says decision is in contempt of ct because verdict had not become irrevocable pending filing of appeals before Greek Sup Ct; Alexandros Panagoulis, who had attempted to assassinate Papadopoulos in '68 and whose subsequent death penalty had been commuted, reptdly favors clemency; about 150 alleged 'Maoists' demonstrate in front of Athens Univ, demanding that junta leaders be executed (M)