OCR Text |
Show TERMS ARE CHANGED Water Users May Bu d High Line at Low Rate of Interest. Spec al to The Tribune PROV O Dea 80 In reporting the terms of payment to the so ernment for w a er h ough the Strawberry h gh tne ana the le ms were given as set forth n the application viz II 32 13 and 34 for each of the first four years to for each of the fol owing flve years and the ba ance In the tenth year without Interest Through an act of congress passed In August and which is and wrtl be made applicable to the blgh line water use a the terms of payment have been changed to run over a period of twenty years, aa fo lows For the first four years a payment of 2 per cent of the principal annua ly for the fifth and sixth years 4 per cent annually and for the rema n ng fourteen year per cent annually The arrangement practically amounts to the go ernment lending the water users the money to construct the canal, the money to be paid back on easy terms of interest. |