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Show Federal Land Bank I Receives j Dividend on Stock The Federal Land Bank Association Asso-ciation of Cedar City has received receiv-ed a 5 percent dividend amounting amount-ing to $10,7y6.00 on the capital stock it owns in the Federal Land Bank of Berkeley. The an-t an-t nouncement was made today by the asociation's manager Millard Owens, who added that this will bring dividends received from the bank for the calandar year 1965 to a total of 8 per cent for $16, 853.00. He stated that a portion of the dividend will be passed on by the association to its member-borrowers, thus reducing the interest cost on their long-term Land Bank loans. Mr. Owens said that the Cedar Ce-dar City association Is one of the 44 associations throughout which Land Bank loans are made in Arizona, California, Hawaii, Nevada, and Utah. |