| Show Loan Applications Made Rate of Ever Every Day Farm loan applications amounting to more than have been re received received received re- re at the Berkeley office of th Land Bank and are now arriving at the rate of about per day to William H. H Woolf Agent of the Land Bank Dank Commissioner Commission Commission- er for the States of California Arizona Nevada and Utah The number o of t applications received to date is about abou t and these are now awaiting appraisal appraisal ap ap- reports Mr Woolf stated The land appraisals appraisals sale that must be made in n with Land Bank Dank Commissioner loans loan s are being handled 1 by Y the appraisal 1 staff of ot the Federal Land Bank This Thi s so staff start Is s being materially increased t to o meet the present situation The field d men are working and I hope hop e ocr applicants will wUl not be too impatient imps tient if it seems that the field consideration consid of their applications Is la being bein g delayed Everything possible is betas bean g done to expedite the work of ot branch of the Emergency Farm Mortgage Mortgage Mort Mort- ga gage e Act and all those who are qualified qualified to receive loans under this act may feel assured that the needed financial financial fin fin- ancial relief will be delivered with the least delay possible Land Bank loans are made for tor terms ranging from 5 G to 25 years and are limited in amount to to any anyone one farmer These loans may be made to individuals engaged in farming operations el either her personally personally person person- ally or through an agent or tenant and these loans may be made a To provide funds for refinancing ing any ny indebtedness secured or unsecured unsecured un un- secured of ot the farmer b To working capital for tor farm operations and c To provide funds to enable any farmer to reacquire farm property owned by him before foreclosure which has bas been foreclosed at any time after alter July ruly 1st 1933 |
