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Show I pective GI loan applicants against increase prices of homes, over Thors., Aug. 18, 1955 P. of credit and financial risks. Further, they should tend to stabilize the mortgage market no the by eliminating Veterana purchasing homes with down payment loan which currentthe aid of GI loans, after July 30, ly is being traded at widening dis. 1955, will be required to make a count margins. down payment of at least The new requirements are not percent, and the maximum time for retroactive. They are not applicrepayment of loans will be set at able. to purchase of homes for Veterans Administration which VA has issued certificates of has announced. reasonable value prior to July 30, Similarly . moderate credit re- or in cases where requests for quirements are being placed in appraisals actually have been reeffect by the Federal Housing Ad- ceived in VA offices prior to July ministration for horned purchased 30. d with do not Also,' the requirements mortgages. to GI loans made VA has apply solely .Since April 23, 1053, the had no mandatory down payment for the replacement or reconstrucrequirements, and the mortgage tion of residential property that repayment period could run as has been destroyed or substantially damaged by flood, fire or high as 30 years. This action, VA said, was taken other similar catastrophies, nor to repair, alteration, or improveafter a thorough study of national ment loans. economic conditions, especially The most recent VA figures those prevailing. in the residential construction and mortgage finan- show that the average price for cing fields. The new requirements Gl.horqes purchased with no down are expected to help protect pros payment has been about $10,5KI. Kayuville, David County, Utah H Vets Information Under the new regulations the down payment required for such a house would be $210. 30-ye- tc rs, i FHA-insure- A VA study of the home loans closed in 1054 revealed that veterans had made an average down payment of $1,100. On those loans made in 1954 with down payments, the average down payment for new houses ran 11 percent, and the average for existing homes was 13 percent. The rftudy revealed that two out of every five new home lonns, and one out of every five loans for existing dwellings were made with no down ' payments. Onei twelfth of the iqortgages on existing homes and a little tyore d of the mortgages than on new homes had 20 to 30 year one-thir- maturities. VA emphasized that it would maintain a constant study of the housing situation, and make adjustments in credit requirements as might be indicated. . CROSLEY DUO SHELVADOIF U PUTS FRESH FOODS GARDEN FRESH U. S: CHOICE GRADE FRUITS & VEGETABLES TENDED TESTED MEATS SWEET AS SUGAR THOMPSON SEEDLESS BEEF 407,000 (VA LAYTON Mrs. Maggie Simmons ' Phone Charles Forbes arrived home Wednesday from Seattle, Washing ton, where he has taken leave of absence from the Boeing Air Plane Company 1o attend the University of Utah this fall. He is the $on of Mr. and Mrs. Clarence Forbes. The Layton Ladies Literary Club held their summer party Wednesday evening at the home of Mr. and Mrs. Horace Barber in Centerville. The husbands were special guests, and supper was enjoyed on the lawn by about 50, followed by games. Hostesses were Mrs. Harry Thornney, Mrs. Stephen Call, Mrs. Thorley Taylor and Mrs. Barber. Proudly announcing the arrival of their first child, a baby daughter, are Mr. and Mrs. La Veil Galloway on Tuesday. Mrs. Galloway is the former Lucille Stastny. Mr. and Mrs. John Stastny' and Mr. and Mr Harold Galloway are proud grandparents. On Tuesday, August 23rd at 8 p.m. under the direction of the Stake Junior and Junior Gleaner leaders, Mrs. Imogere Timmons and Don De Witt, an evening of fun and entertainment Is being planned at the Layton Public School Park. All the members of those two groups in the stake are urged to be in attendance. Irvin Newman flew to Monroe Sunday and was an ove"night guest of his parents Mr. And Mrs. Yergen Newman. Mr. and Mrs. Dean Simmons and children, Bob, Billy and Lee Ann, and Mr. and Mrs. Wayne Flint and children, Dennis, Marchs and Shawna, accompanied the Boy Scouts from Layton Second Ward and Layton Fourth Ward to Camp New Fork, Wyoming last week. Mr. and Mrs. Ted Winterburn of Denver, Colorado, are visiting at the home of Mr. and Mrs. Wendell Smith. They plan to go to Lake Tahoe to visit with the Smiths daughter, Lynn, who has been employed there the past summer. . Mr. and Mrs. Wendell Smith entertained at Bridge Saturday evening for Dr. and Mrs. F. S. Mencimer, Mr., and Mrs. Damon Ford and Mr. and Mrs. William Holmes, all of Ogden. Mr. and Mrs. Walter Smedley attended the Clark reunion at the home of Mr. and Mrs. Fred Clark in Salt Lake City .Saturday. NEWCOMERS Mr. and Mrs. David McMillan announce the arrival of a son born Wednesday, August 10th at the Dee Hospital in Ogden. Mrs. McMillan is the former Ona Jaques. Grandparents are Mr. and Mrs. William Jaques. Proudly announcing the arrival of a son on Saturday at the St. Benedict Hospital in Ogden are tyr. and Mrs. Wayne Love. Mrs. Love is the former Enna Moss. Mr. and Mrs. Hugh Moss ore grandparents. The Loves reside in Salt Lake City. Word comes from Riverdale of the arrival of a daughter to Mr. and Mrs. Wilford Tesh. Mrs. Tesh is the former Elizabeth Spackman. Mr. and Mrs. Lee Spackman are proud grandparents. , Mr. and Mrs. Diamond Adams and children, Carol and Richard, left. Monday for Detroit where they will purchase a new car. They will drive home via Canada, Boston, New York, Washington, D. C., and other places of interest. Mr. and Mrs. Otto Cole and grand daughter, Katie Dangle, of California, and Shirley Call attended the reunion of the Cox family held in Hooper, Saturday. trapes ELBERT - A- Round Bone -- Per Pound Slicing Ground Chuck 10c Per Pound 27 of Beef HOMEGROWN Young-Tend- 49 C T LEAN Size' 32 Per Pound Canteloupe 2 f or 25c Beef Stew CORN Per Pound Per Pound Peaches JUMBOS Blade Cut Per Pound 49c SLAB er 29C Per Dozen BACON FRESH OVEN Per Pound 39c BAKERY Tasty ORANGE Per Loaf CAKE ROLL EA. GRADE AA SM. 01(0 COUNTRY FRESH IN CARTONS SOLID PACK BONED 13 OZ. JAR DENNIS BRAND toislll! M-M- USS TOHQ WOW'S R&HGDtATOR WITH both-l- it onot Beverage Server gives you ice woter through the doofc bottle bar Three lift-oegg trays! Double-dec- k with room for 14 quarts! Butter compoftmeat. . shelves and crisper! , Kell-o- Tfce Freezer-tefrfgerat- or ut ut PAYMENTS $2.00 A WEEK SU All THI MAGNIFICENT 55 SkdoadoU Was $229.95 DG8A hot Was $299.95 DG95 1 CAF 105 - TODAY ji ra 23f!5 NOW Was $399.95 NOW CAG Was 11 . CAG 125 NOW 125 -, 5 :W5 Was $499.95 NOW RFG -- Was $549.95 NOW $ - W5 LIMITED TIME ONLY! ! Ml mm o)o)p) U IT M b d UU ini Realime Limeade Mix 6 0Z. CANS Frozen Fresh ... g 10 oz. Polar Raspberries I 34 No. Main, Layton PHONE 585-- J M Ini BIG CHIEF for Lemon Chiffon cans for HALF GAL W $100 46 OZ. CAN 9 oz. CLEAR PANEL PER DOZEN Glass CRUSHED PRESERVES Pine apple Guardlola Brand In Heavy Syrup No. 2 Size Can -- $399.95- Ice Cream FROZEN FOODS 19 Libbys Deep Brown Vets Brand 12 oz. Pure RASPBERRY. dj jars SUNNY JIM BRAND 10 oz. Pure . STRAWBERRY TABLE PRIDE BRAND nHfl2 size can 14 cans i KJ Wi E ROY, UTAH I |