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Show ! Loans on Wool - . . - Clips Will . . . . Be Ready . . . . on Friday I I IWool Wool loans under the $50 50 $ $50000000fund 50000000fund $ 000 000 000fund fund through the Commodity CommodityCredi CommodityCredit Credi t corpora corporation tton will be a available vaU vaUable able to growers beginning Friday FridayIt It . was announced Tuesday by F L LMarshall LMarshall Marshall secretary of or the Nation Na.Uon- Na.Uon Na.Uonat National . - al at Wool Growers Growera ' ' ossoclatfam ossoe1aUon ossoclatfamGrowers Growers may obtain the han . t tansup ansup up to October 31 and both wool wooland wooland and mohair produced in 1037 or or1938 1938 to wntcb wbIch : the producer atm atmbQ1ds stillholds bQ1ds title W1e are eligible e1Jafb1e for tar the loanaMr , lofT Marshall ILanh&lJ ILanhlJ & gaid 14 . . _ - . - - It la IB expected expt'Cted exptCted ' he said that thatI thatwool thatwool I wool will move aa as nearly aa as pos . po.s- po.s po.ssible possible - sible In Its accustomed accustomf"d accustomfd " channels channelsthat ) . & - cla.nneL1that that Is it wilt will be warehoused cla.nneL-1 cla.nneL1 cla.nneL clanneL 1 at atthe atthe the same points as in other yearsand and handled by cooperatives cooperattve or ordealing ordealing dealing concerns concem & both of which whichare whichaxe are reeocnbJed r ognized as aa lending agencies agencies"For "For For " " the most part . , however the thetoana theloana toana are expected to go througb througbbanks throughbanks banks and loaning 1oannC ! agencies apn 1ea suchaa &AI AI & auchl&AI production credit cred1t associations.situated associationssituated . , " , .tlons tlons . auchl . . attuated in the t.be tbe . principal prtnctpa1 produc- produc produc4 - In Ini ? states statesIn statesIn In order to w be eligible for tor a aloan aloan loan , , a cll cl'p clp cllt ' t > must have been placed placedin placedin in a warehouse rec recognlred gn1r.ed gn1red . for tor the thepurpose thepurpose purpose by the Commodity CredIt CredItcorporation Creditcorporation corporation Negotiable and Insur 1I1Iur- 1I1Iur 1I1Iured ! Insured - ed warehouse receipts will be &sued sued ! & &suedby Issuedby by any approved public publlo warehouse wa.rehoWle warehoWle . . The 'The ' plan contemplates conte.rnplatea conternplatea . that thatgrowers thatgrowers growers desiring c1Lc1r1ng Joana loana'will loanawill w11l ' an.nee annee an.neetor arrangetor . tor them through CV-r CV r tor ' ! - local localbanka localbanks banka . , loan laan comptmor companies comptm- comptm ' - or ' handling bancll1nc concct'Jt3 concctJt3 : ; concerrw ' These 'it'hese ithese ' loaning 1oan1ng I ' ha\ ha have hae ' \ e the option of diA- diA diApOSing dis disposing - posing of ot all such notes to t theCommodity e eCommodity Commodity ( ' Credit 'redlt redlt ' corporation be- be before be before - fore May 31 1939 It also is Ia under under- understood understood - stood that neither the grower bor- bor borrower bor borrower - rower nor the original marketing marketingagency marketingagency agency will wUI be held r responsible ponsJble in inthe inthe the event thatBUY that that- - any BUY wool should be besold besold sold for less 1M3 than the amount ount of ofU1e ofthe U1e loan loanNotes -Motey Motey -Notes Notes - MoteywlU ' -wlU wlU wJ11 - bear Interest ttttertl t > at I per percent percent cent . wool under Dan ) oan may be re- re - releaaed released * leaaed . at & any 117 time upon . pa payment t the note note"There noteI I "There There " la Ia no obligation obUgation on the thepart . part of the original onginal borr borrower wer to tosubscrtbe tosubscribe subscrtbe to any future ruture govern government . : ment pan plan } in connecUonr connectJQ " , wlt4 vUl , . the theproduci1on theproduction produci1on or marketing market1n8 of WOO ! wooor ) or mohair4rhe mohair mohair"The "The The 4-rhe 4 rhe - " amount oran or or- - loan an for which whichany whichany any particular pa.rtcuJar partcuJar . ! c'1411a c1411a cUn ' la eligible eUI1bIe wm wmbe willbe be determined ten JnetJ ' brr- brr brr.j by-apprateerai by apprateerai - - em employed .j j . ployed hy by the CGmJnocUtrCtedU CGmJnocUtrCtedUco1 commodity'Crtdllcorporation/ commodity'Crtdllcorporation commodityCrtdllcorporation } ' co1 ClOttlon ' . / " ' _ ' . |