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

cent of the appraised value of the
land
Obi Up to $4,000 for the pur-
chase of live stock, implements and
other equipment.
(c) Up to 81 900 for the erection
of buildings or Other. permanent i'm
provements.
Such total indebtedness under
class 3 shall in no case exceed s5,-
900.
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
tlrst OF November is the standard
date east of Manitoba.
On unimproved lands (except Do
mlnlon lands.) On loans for the pur-
chase OF unimproved lands and for
the erection of permanent improve
ments thereon the first payment shall
De 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
sale to the first standard date. Be-
ginning the first standard date, the
interest for one year shall be cohsoli-
dated with the amortized payments
over period of twenty-five years
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
, 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
i 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 ne free interest.
| On<Dominion lands. On loans TO,
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, commenc
ing on the third standard date follow
ing the date of ale ,or advance
Loans for permanent improvement.
are repayable in not more thar
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 per cent. They are sub
ject to the approval of the board an,
expenditures of advances are unde
the direct supervision of the board
Officers. Loans are subject to ac
tual settlement regulations, every set
tier being required to take up actua
| IcSlueHCe On Iile farm ana make lar
ming his ordinary vocation. Stool
/! 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
TIE board.
Applicants for financial assitanc,
under the act are required to appea
before officers of the board who will
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 a 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 Low
prices and sells to soldier settler
at cost.