Show l AMORTIZATION l PLAN lLAN AI ADOPTED OPTED BY llY LAND BOARD Farm loans made by ly the state through the land board will hereafter ter tel be on the the amortization plan That Is Instead of ot being required to pay only interest for tor the term of the lie loan usually loan usually five or ten years years anti and then the entire principal in one sum the borrowers wi will l be e red r- r ed to pay semi-annually semi 1326 for tor each thousand dollars he ito borrows This covers principal and interest alike the latter Blatter being calculated at atthe atthe atthe atI I the 6 G per pei per percent cent rate fixed by statute The borrower however the privilege of or paying all the balance balanco bal bal- ance ance anco due tue the state or any part lart of t t at any semiannual payment date The board hoard last Wednesday ac acted ed on a total of three forty proposed loans totaling Not all of these were granted however the denials being included in the list Some Sonic grazing leases eases were granted ranted and other routine matters were aced aced acted ac- ac ed upon It is not likely y that the board hoard will meet again until about aboU June or I |