Show Borrowers Pay a Off Many an ancans Loans cans During Year ear earRell Rell F. F Argyle farm security supervisor for Garfield Piute and Kane counties in Utah and aud North Coconino county in Arizona Arizona Arizona Ari Ari- zona disclosed this week that farmers here had bad repaid the agency more mone money than they borrowed during the fiscal year ending June 30 He said that loans during the year totaled as compared ed with a total of in repayments Repayments Included in included included In- In interest During the last fiscal year ending June 30 1942 this of office rIce collected a to total total total to- to tal of Mr 11 Argyle said f fIt I It Is a remarkable record Inasmuch Inasmuch in inasmuch In- In as Farm Security makes akes loans only to farmers who cannot cannot can can- not get reasonable credit elsewhere elsewhere elsewhere else else- where commented Mr Argyle farmers have given the government a great increase In food in 1942 and are aro preparIng preparing preparing ing to do even better in 1943 and repaying their obligations as the they have never done before Food increase could have been heen even eyen more more- impressive the supervisor declared If we had hadnot hadnot hadnot not run out of loan funds early in April The demand for production production production tion loans was large this year and it is tragic that we could not completely satisfy it More loans would have havo meant more food for America and our allies It H would not have been costly either Mr 11 Argyle said that the to total total total to- to tal expense of conducting the tho local office including salaries paid raid himself associate supervisor sor home management supervisor sor and secretary office rental travel and aud incidentals amounted to for tho the 12 months Int Interest lest l'est alone collected on outstanding out- out standing loans amounted to 18 15 Tho The supervisor said he ho had been advised by Laurence I. I Howes Jr Tr regional director director dIrector tor for California Utah Nevada and Arizona that repayments were al al' throughout the time region most double the amount of ot loans made |