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Show STATE ISSUES FIVE MILLIONS IN LOANS SALT LAKE Mar CO According to a compilation completed Saturday by Waltr Day. deputy state auditor, the 'total amount of funds In charge of the I State lAnd office for investment pur- po.cn N l. 157.211 73 f this, only ; S166 &79 30 is the total balance in fund ;it 'he j. resent time, th- remaining re-maining 4 32.4 3 being out a: ir-I ir-I lerest chlefl) in farm loans bringing 6 per cent. Ia-s than $2,000,000 Is In bonds and similar securities of the state, county, s h joi district .imi various munlclpali I ties cr other subdivisions of the slate, i ha uO' i Is first moi - ige , f irm lMota In amounts less than 50 per cent of the appraised value of the property Mr Iay yesterday completed the 'work of seirrep u mg th.. securities held .imong the funds which made the investments. in-vestments. This statement shows Llljat 'there is Invested for the benefit ..f tltd fllstriei schools of the state a total of M.27l,711.20, while an additional $106,025.10 a awutlng investment at the date of the report. This shows I the fund Invested up to a total of mors than 97 per rent. The Interest on this .mount, on an average basis of 5.5 per cent, runs nearly $235,500 a year. The total of the two amounts gler. 'above, or $4.3s 5.73. 3 represents tue sale value already paid in of all state .school lands sold b the stite board of land commissioners, or the state land commissioner to date. There is small amount In the total, representing repre-senting royalties on mineral leases on state Bchodl lands. Some school lands. I of course, have been sold, but have not vel been fully paid for. since the state sells Its land on the Installment plan. Thus the amount In the principal prin-cipal account Is constantly Increas- ! lug- |