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Excerpt from A National Agricultural Policy the Finance of Occupying Ownership and Co-Operative Credit, Vol. 5: A Study in Cheap Money CompoundLandowner to be paid the purchase price as to-2 5 per cent. In cash and as to 75 per cent. In 3 per cent. State-guaranteed Bonds taken at their market price, by which is meant increasing the purchase price to such an amount in excess of the cash valuation that by selling the bonds representing 75 per ce...

Excerpt from A National Agricultural Policy the Finance of Occupying Ownership and Co-Operative Credit, Vol. 5: A Study in Cheap Money Compound The stipulation to be made that the present value of the farmers' annuities calculated at the current rate of interest for farm purchase the rate of interest represented by the years' purchase taken in calculating the cash value of the farm) must not exceed 85 per cent. Of the cash value of the farm. ...