Show RELIEF BELIEF FOR FARMER IN NEW SENATE HILL BILL A now new farni farm relief relict bill which was parsed recently hy fly congress anil and signed by the tha president pro pio vides relief to farmers with mort gares gages the interest intel est rates on loans have been decreased a five benr mor liter ator on oil the principal has hoen been declared and re financing nindo made possible an ail article written by L B K tuel ler ond sent to newspapers rends reads relief bellef Is ig provided for the debt involved farmer in tile the farm relief bill recently passed by congress and signed by the president part 11 of the act gives direct benefit to the tanner whose mortgage Is hold held by any one of the 12 federal land banks interest rates that are now 5 to 6 per cent will be reduced to 4 12 1 2 per cent and will remain at this rats rate for the next five years also alio for a period of 5 years tile the principal payments called callad A payments will not ile be required it tile the mortgage Is iq otherwise kept in good standing in addition tile tho land banks are given authority to permit borrowers to postpone such interest payments as they can show they ire are unable to meet to make title this possible tho the secretary Secie tary of tile the Treasur ery la Is authorized to subscribe an additional to the paid in surplus of the federal land banks Ilo however wever this provided for only v a small group of the farm mortgage debtors deb toris to meet the needs of the larger class whose mortgages mortgage are hold held by others and especially ally to protect front from the loss lose of their faring and homes those whose inart gages aro are in danger of foreclosure the ole act supplied another means of financing it authorizes th orizes ortes the bunks to issue 2000 of a special type of bond on contina Cont inu ed oil paire four |