Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1922-01-16

fcent of the appraised value of the
land
(b) Up to $4,000 for the pur-
chase of live stock, implements and
other equipment.
(c) Up to 81 900 for the erection
Iof buildings or other permanent I'M
provements.
Such total Indebtedness under
class 3 shall in no case exceed So
600.
The first of October has been set
by statute as the standard date of
which annual payments on all loans
made under the soldier settlement act
become due and payable in the pro-
vinces of Manitoba, Saskatchewan.
Alberta, and British Columbia. The
first OF November is the standard
date east of Manitoba.
On unimproved lands (except Do
minion lands.) On loans for the mr.
chase OF unimproved lands and for
the erection of permanent improve
ments thereon the first payment shall
be made not later than the second
standard date following the date of
sale or advance, and shall consist of
accrued interest only from date of
sales to the first standard date. Be-
ginning the first standard date. the
interest for one year shall be consoli-
dated with the amortized payments
over period of twenty-five wears
and the first of these payments shall
be made the third standard date fol-
lowing the date of sale.
! On loans for stock and equipment
I'm connection with unimproved
land) no interest is charged for two
years, but thereafter such loans are
I; payable on the amortization plan in
six annual instruments, commencing
not later than the third standard date
following the date of sale or advance.
On improved lands. Settlers on
improved lands begin repayment on
loan for land purchased, permanent
improvements, and stock and equip-
ment on the second standard date fol
lowing the date of sale or advance.
The stock and equipment loan is re-
payable in six equal annual install.
mentS with interest amortiZed. There
is no free interest.
On Dominion lands. On loans foI
stock and equipment, no interest is
charged for two years, but. there.
after loans bear interest and are re
payable on the amortization plan il
-four annual installments, eommenc
ing on the third standard date follow
ing the date of ale or advance
Loans for permanent Improvement.
are repayabie in not more than
twenty-five annual installments.
Prepayment privilege. Soldier set
tiers have the privilege of prepay
ment of whole or any part of thei
loan at any time without notice o
bonus. Loans bear interest at tn,
rate Of 5 per cent, They are sub
ject to the approval of the board AM
expenditures of advances are uhde
the direct supervision of the board
officers. Loans are subject to &C
tual settlement regulations, every set
tier being required to take up actua
residence on the farm and make far
ming MS ordinary vocation. St0cl
and equipment remain the propert,
of the board until the loan is dis
charged and sale of such is not law
full except by special permission o
the board
Applicants for financial assitanc
under the act are required to appea
before officers of the board who vii
take into account their general fit
ness, physical fitness, previous expe
rience and ability to bear the finan
cial obligations incurred Those VIII
lacy agricultural experience but ar
otherwise qualified may be recon
mended for practical agriculture
training with farmer.
Agricultural implements, wagons
harness, lumber and other farm re
quirement may be purchased through
: the board at reduced prices. Tn
board purchases live stock at lo1
prices and sells to soldier settler
at cost.