| Show UTAH FARMERS CUT MORTGAGE DEBT THROUGH uth utah farmers have bave savea were than a year on interest by re financing mortgage molt gage debts with the I 1 farm credit eions fede fedrial iiii lbanks bank in Oakla oakland ml california since may 1933 this statement la a just received by director william peter son of the utah state Arri agricultural cultural college extension service from president charles pai pa ker of the bank from the time the ace we established by the first executive act of roosevilt to tile the end nj if f 1935 utah farmers had bad obtained from the land bank acting in its own beh alfand as agent for the land ank b commissioner of I 1 this sum approximately per cent was devoted deviated to the of old debts over the period coteil by the review the land bank avde first mortgage g loans in utah and the commissioner I 1 more loans many of the blatter latter variety of aban oan were made on I 1 second mott mortgage gage security to farmers iwho who also obtained first mortgage sloans loans thi though laugh ugh the land bank I 1 interest rates on all federal land lbanks bank loans those closed bath before and after the establish establishment men t 0 of the farm credit administration bete temporarily reduced by lan act of congress I 1 gress last summer to a rate of percent interest payable in the year en ending d a ng june 1 30 0 1936 land 4 1 per cent I 1 for the two years following follows this i temporary reduction of anten interest rates on land bank loans is compensated compensate for by the united strates treasury which reimburses the banks for what otherwise would be loss to them Fo lowing an admonition by his editor to condense his news stories a london reporter covered a tragedy thus sir edward hopewell a guest at lady Panni ores bs 11 tool took a highball his hat bat his overcoat his departure a taxicab a pistol from his pocket and fir farrally rally his life |
