Show extend period apte iod on land bank loans I 1 importance to far tanners of tills this of the bill recently passed by congress c and signed by the prest dent extending the period for making land bank commissioner louns loans to june 1 1042 1942 abay bo be seen scon fruit sonic some figures supplied by charles parker president of the federal gaind dank bank of berkeley the authority to make com cornils nils s loiter loans loana would have ended february 1 1010 1910 it if the law had not been enacted extending tills alit authority hority prom front lay 1 1933 1913 to january 1st ast of tills this year utah farm fann ers obtained loans front from land bank commissioner funds mr parker said A portion of these were straight commissioner loans and thy the rest were what wo we call joint loana that Is loans in ill which the federal land bank and the commissioner iniss ioner join to make it a loan to the alic farmer jin in many cases it la Is hn 1111 for tile the 11 land twink ia lone alone to make a loan large enough to meet the farmers far mera needs because 1 it l la Is limited iby by law to making loans not exceeding one halt the value of the farm together with one fifth the insured value of the building tills limitation Is overcome when alien conditions warrant making part of the loan through the commissioner iniss loner for such loans may be made up to 75 per cent of the total value of the farm tind and buildings utah fart farmerr ners borrowed over of commissioner funds funda during the past six years and while tills this Is a little over one halt of the total loans made to fo utah farmers through the land bank it was n vital factor actor since otherwise it would have been lini lining li niMg sible to have helped them |