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Show CREDIT FINANCING IN M STARTS 1 Funds for Banking, livestock and Agricultural In- dustrios Begins. Financing of banking, agriculture agri-culture and livestock industries indus-tries under federal ' measures began Monday morning. A half million dollars was allocated for livestock feed loans. Arrangements Arrange-ments have betn made whereby where-by the Reconstruction Finance corporation will make available a substantial amount for depositors de-positors of defunct banks of the state. Actual operation of the Bankers' Livestock Loau Company through the Finance corporation, with its two billion dollars credit, will be started. Funds for emergency fein loans are now available, and while there has been some misunderstanding mis-understanding as to the requirements require-ments necessary in securing these loans. Feed loans up to $500 per herd are available, subject to the waiver of prior mortgages up to that amount. All applications should be ' made through the county agent and local committee. Loans may now be made in every county in the state. When changes in the requirements for securing loans are made, the information informa-tion will be sent to county agents ag-ents and will be released to the press. The Bankers Livestock Loan company, which begins operations opera-tions this week, is capitalized for $1,000,000. Application blanks for loans will be available avail-able to borrowers at any inter-mountain inter-mountain bank. This loan company will operate oper-ate to finance the livestock industry in-dustry and extend the obligations obliga-tions of growers and reduce interest charges of overburdened industry, eliminating the ne-cesity ne-cesity of market dumping to obtain ob-tain cash. |
