Federal Farm Mortgage Corporation: Hearing Before the Committee on Agriculture, House of Representatives, Seventy-third Congress, Second Session on H.R. 6670, January 10, 1934 |
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Page 3
( a ) The corporation , including its franchise , its capital , reserves , and surplus , and its income shall be exempt from all taxation now or hereafterimposed by the United States , by any Territory , dependency , or possession ...
( a ) The corporation , including its franchise , its capital , reserves , and surplus , and its income shall be exempt from all taxation now or hereafterimposed by the United States , by any Territory , dependency , or possession ...
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In order to get that $ 8,000 valuation we have capitalized net income , we will say , on a basis of 6 percent . That would mean that we had found about $ 500 income . All right . Suppose now we take the combined loan , the $ 4,000 land ...
In order to get that $ 8,000 valuation we have capitalized net income , we will say , on a basis of 6 percent . That would mean that we had found about $ 500 income . All right . Suppose now we take the combined loan , the $ 4,000 land ...
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If the farmer has additional income or has other means or other sources of security to take care of the additional debt , that debt , of course , is not required to be brought within the 75 percent . Mr. Hope .
If the farmer has additional income or has other means or other sources of security to take care of the additional debt , that debt , of course , is not required to be brought within the 75 percent . Mr. Hope .
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Common terms and phrases
able actually additional agricultural amended amount application approved approximately authorized believe bill BOILEAU bonds borrowers capital carry cash CHAIRMAN changed closed Commissioner's loans committee course Credit Act creditor deal debt desire determine difference difficulty directors District Emergency exchange extent Farm Credit Administration farm loan Farm Mortgage Act Farm Mortgage Corporation farmer Federal Farm Mortgage Federal land bank figures Finance FULMER funds further giving GLOVER Goss Government Governor MYERS guaranteed handle held HOPE Hovey income indebtedness interest issued January joint-stock land banks KLEBERG Land Bank Commissioner limitations Loan Act meet months necessary needs normal obtained officers operations paid passed percent period position possible present principal production provisions purchase question receive reduced reference refinancing scaling Secretary sell situation thereof thing tion Treasury understand United Wichita