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Show CATTLE CREDIT GROUP GAINING III r.!EL!BERSIIIP Rapid Repayment of Loans Reported at Conclave Increase In membership and rapid repayment of loans waa reported at the annual stockholders' meeting of the Utah Livestock Production Credit association at tba BoUl Utah Tuesday. "Tba association la attempting UT at up loans to fit tba ops rations of tha borrowers and maks possible reduction of debt In orderly manner aa Income la received," Ephralm Bergeson of Cornish, president, told 100 members. Arthur Smith, secretary-treasurer, reported that at the close of 1939 the association had 140 members, ' compared with 124 a year previously. pre-viously. The association loaned $3,721,049 last year, he said, and made net earnings of 144,104, Finances Improve W. R. Andrew, vice president of the Production Credit corporation of Oakland, said the financial eon ditloa of Utah stockmsn last yea showed marked Improvement. "The association and the corpora tlon are meeting emergency requirements re-quirements for feed, caused by tha severe winter," he reported. Mill! one Leaned W. r, Mlxon, secretary of the Oakland corporation, reported that of $8,721,049 loaned in Utah by tha association last year, all but $1,900,-000 $1,900,-000 has been repaid. Attending the session wars B. M. Jorgensen, vice president of tha Utah association, and Robert Turrt-tlan, Turrt-tlan, field representative of the Intermediate credit bank of Berkeley. . |