The Waterbury Democrat., 1944-08-23

imum of job opportunity in the co
 The board. composed of Veterans Administrator Brigadier General Frank T. Hines as chairman. the Seiective Service director and the Federal Security administrator. de- teranines policy so that honorably discharged serricemcn and women of World War n can secure jobs through the United States Employ ment Service.
 Each state has a veterans em. ployment representative of the USES. a veteran himself. attached to the stan of the states own pub. lie employment service.
 In cooperation with the states stan, the representative Is respon- sible for 'isupervision of the regis. tration of veterans in local em. ployment ofilces for suitable types of employment and for placement Of veterans in employment"
 Advises Employers
 He also is directed to assist in securing and maintaining current information as to various types of available employment in public works and private industry and business. promote the interest Of employers in employing veterans and maintain contact with em- ployers' and veterans organiza- tions with a view of keeping eFn- ployers advised of opportunities for employment"
 Finally. he is to assist in improv- ing working conditions and the lad. vancement of employment Of veter- ans"
 Tn a separate law Congress au- thorized veteran preference" for government jobs, providing the vet- eran could meet the necessary qlial- iflcations but waving educational prerequisites in all but technical and professional work.
 To assist discharged servicemen and women who served for at least 90 days after September l6. l9s0. the c. I. Bill establishes a procedure under which government guaran- teed financial loans of up to S2.OO0 may be secured for the purchase or construction of homes or the purchase of business property, farms and farm equipment. There are, however. specific conditions governing the guaranty and use Of this borrowed capital and these provisos. not generally known. are important.
 Does Not Advance Cash
 First of all. the Federal govern- ment merely guarantees the loan; it does not advance the cash. An eligible veteran, after securing a loan through his local banker. loan association or other money lender. may apply to the Veterans Administration for the guarantee. not to exdeed 50 per cent of the loan, provided it will be used Tor one or more of the aboVe-stated purposes.
 The application must be made within two years following uhe veterans release or discharge or within two years after the terInin- ation Of the war, whichever is later In no event can 1t be made more than five years after the vars termination.
 The government wtll pay the first years interest on that part of the loan guaranteed through the Administrator. After that the tn- terest rate may not exceed four Der cent. with the loan itself pay able in full in not more than A years" The S2.000 limitation ape plies to the total of all govern ment-guaranteed loans for one inc diyidual. 4 second loan within this figure may be fully guaranteed provided 1t does not exceed 20 pei cent of the purchase price or cost to which it is to apply.
 EEeeptS Farming
 within these restrictions loan uses for which at least a partial government guarantee can be se- cured are in purchasing resi- dential property or in constructing a dwelling or unimpr0yed property owned by lthe yeteren) to be oc- cupied as his or her home in purchasing any land. buildings. live stock. equipment, machinery, or lfa- plements. or in repairing, altering, or in improving any building or equipment. to be used in farming operations conducted by the appli- cant in purchasing any bns| iness, land. buildings, supplies, equipment, machinery, or tools, to be used by the applicant in pursus ing a gainful occupation lother than farmlng).."
 The loan on which a guarantee is sought is to be carefully scrut0 inized by the Veterans Admlpis- trator. Character of the applicant will be investigated to determine that there is a reasonable llkli' hood that such operations will be successful" The Veterans Adnlins istratiOn also will satisfy ltsef that the purchase price paid or to be paid by the veteran for such property does not exceed the Fea' sonable normal value thereof as determined by the proper appFals' al"
 Finally, the law provides that an eligible veteran may secure loans undey the Rapkhead-JOnes farm tenant act "ag if he were Q farm tenant" f found by the Secretary Of Agriculture, by reason 0f pls