OCR Text |
Show PREPARE BULLETIN FOR BANK PURPOSE ! Under the present system of executing i mortgag-es in Utah, the average cost of , farm loans is S3i per cent in interest, ; with an additional one-fourth of 1 per ; cent per annum in commiesion. A bulletin prepared in connection with the investigation now being made rela-tlve rela-tlve to the establishment of farm land I hanks was received yesterday by state ! officials. This shows the prevailing rates in the various states. The net annual cost in other western states is as follows: New Mexico. 10.5 per cent; Montana, 10 per cent: Wyoming. ! 10 per cent; Arizona. 9.5 per cent: Texas, I 9 per cent; Idaho. 87fe per cent; Colo- j rado, $7g per cent: Washington. per cent: Oregon, S per cent; California, ! per cent. |