OCR Text |
Show Reconstruction Loans Reach Big Amount Loans in the amount of $18,821,-233.81 $18,821,-233.81 have been authorized by the Reconstruction Finance Corporation in Utah and of this amount $14,786,-818.29 $14,786,-818.29 has been disbursed as of February Feb-ruary 29, 1936, according to a report received from the Corporation by Allen T. Sanford, State Director of National Emergency Council. This does not include loans made dirtco by the Washington offices of the Corporation. Utah has also benefited benefit-ed materially through these type loans. In Utah County according to the report received by Mr. Sanford, $1-170.970.00 $1-170.970.00 was authorized and $678.-278.37 $678.-278.37 has been disbursed. It has not been the intent of the Corporation to compete with banks or other lenders, but to furnish emergency financing at times when it has not otherwise been available. o |