Show RELIEF FOR FARMER IN NEW SENATE HILL BILL Conti continual nuNI from dalre one wit fell the rate of at Int interest orest may nol be 10 more than 4 per cont cent with tile the funds thus provided tile the red fed oral land hanks banks are enabled to to do two things first from the proceeds of the sale of cheso bonds bonda tho the land banks may take now new loans bans on an tile tho same liberal terms of payment as aa those granted to pro sent bent borrowers second they may exchange these bonds for farm mortgages the lie terms of exchange are to bo be based on oil the value valno of pro property porty covered by the mortgage g igo if the lie appraised of tho alio farm covered by a mortgage which Is offe offered reI to the land banks which exchange la Is more than twice tile the amount of the mortgage bondro may bo be issued in exchange for the balance of tile the unpaid principal of the mortgage in no caselow over may the amount 6 t bonds given in fit exchange for a mortgage exceed ono one half the sani same 0 normal value of the land RS as appraised by land bank appraisers plus plug 20 per cent of the value of permanently insured improvements on the land by those these provisions it Is anticipated 1 abed in fit many cases that hint princa principal and interest will bo be scaled down and that mortgage holders ln in a great many cases will bo be quite willing to do this rather than take chances of ultimate collection of the principal of a mortgage which has not sufficient sufficient sound value behind it thre thore tire are several other provisions sin in this act and more detailed explanation may be obtained from your local extension service agent who lias has been requested by mr henry jr Cli chairman airman of the federal farm doard board and governor of the farm credit ad ministration to disseminate this information to those that might be interested in the agriculture credit provisions of the farm relief act |