...to assure repayment thereof. Interest on both types of loans is required to be equal to the'average rate of interest payable by the United States of America on its long-term obligations issued during the last preceding fiscal year. No grants are made. The Administration...

...year in accordance with the provision of the Act which specifies: "Such loans .... shall be at a rats of interest equal to the average rate of interest payable by the United States of Aeerioa on its obligations, baring a eaturity of ten or «ore years after the date* thereof, issued...

...be self-liquidating bin a period of not to exceed twenty-five years, and shall bear interest at a i equal to the average rate of interest payable by the United States of America ta obligations, having a maturity of ten or more years after the date thereof, ed during the last preceding...

...1944— Act Sept. 21, 1944, substituted a rate of Interest of two per centum per annum for a former rate equal to the average rate of interest payable by the United States on certain of its obligations. SECTION REFERRED то IN OTHER SECTIONS This section is referred to...

...self-liquidating within a period of not to exceed twenty-five years, and shall bear Interest at a rate equal to the average rate of interest payable by the...issued during the last preceding fiscal year in which they such obligations were issued : Provided further. That no loan for the construction, operation,...

...says "Yes." Mr. COGLEY. What about that, Mr. Rankin? Mr. RANKIN (reading) : With Interest at a rate equal to the average rate of interest payable by the United States of America ou its obligations issued during the preceding fiscal year. Mr. COOLEY. Would that interest rate prevail...

...provision of the law in section 5 reads as follows: Such loans shall be for such terms, subject to certain conditions, and so secured as reasonably to assure...of America on its obligations, having a maturity of 10 or more years after the dates thereof, issued during the last preceding fiscal year in which any...

...self-liquidating within a period of not more than twenty-five years,43 and must bear interest at a rate equal to the average rate of interest payable by the United States on its obligations, having a maturity of 10 or more years, issued during the last preceding fiscal...

...shall be self-liquidating within a period of not to exceed 25 years, and shall bear interest at a rate equal to the average rate of interest payable by the...of America on its obligations, having a maturity of 10 or more years after the dates thereof, issued during the last preceding fiscal year in which any...

...shall be self-liquidating within a period of not to exceed 25 years and shall bear interest at a rate equal to the average rate of interest payable by the United States on its obligations, having a maturity of 10 or more years after the dates thereof, issued during the...