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Show Farm Security Administration Reports Record Farm Security Administration "iyrrowers in Cache county are repaying re-paying their loans to excellent advantage, ad-vantage, John S. Welch, county supervisor revealed Monday. The repayment total for the fiscal fis-cal year ending June 30 amounts to $60,831.86. By months, the amounts follow: July '41, $3,422.40; August, $5,047.85; September, $8,-654.68; $8,-654.68; October, $4,803.23; November, Novem-ber, $7,399.41; "December, $5,281.17; January, '42, $3,672.72; February, $4,046.59; March, $6,940.87; April, $3,192.95; May, $4,947.67; June, $3,-222.32. $3,-222.32. Repayment money has come in regularly not fluctuating widely from month to month, Mr. Welch said. This indicates that borrowers are working on liquidations. This total for the year of more than $60,000 means an average of about $200 per day for every working work-ing day of the year has been paid to the local office. "We have about $300,000 outstanding out-standing to 326 borrowers, Mr. Welch said. With one-fifth of this amount coming in during one year, it indicates that our borrowers borrow-ers are paying out on schedule since practically all money is loaned on a five year basis. All of this money has been spent for something to increase a farmer's income and to help bring about his rehabilitation. In order to give men a new start, the Farm Security takes credit cre-dit risks that banks will not accept. ac-cept. We feel that this repayment record is evidence that most men will pay if they have something to pay with and is further proof of the success the rehabilitation idea is meeting with, Mr. Welch said. |