TABLE 4.-1937 emergency crop and feed loans-Number and amount of loans made which had matured, collections, and balances outstanding Dec. 31, 1937

TABLE 4.-1937 emergency crop and feed loans-Number and amount of loans made which had matured, collections, and balances outsanding Dec. 31, 1937—Con.

Source: Farm Credit Administration, Division of Finance and Research.

TABLE 5.-1921-1937 emergency crop and feed loans Number and amount of loans made and collected through December 1937, and balances outstanding Dec. 31, 1937

TABLE 5.-1921-1937 emergency crop and feed loans Number and amount of loans made and collected through December 1937, and balances outstanding Dec. 31, 1937-Continued

Source: Farm Credit Administration, Division of Finance and Research.

124, 840 22,741, 085

9, 920,057

43.6

74,707

12,821, 028

3,012, 815

961

337, 015, 671
1, 513, 024
19,378

222, 499, 502
1,031, 437

66. 01, 119, 510
68.2

114, 516, 169

502

481, 587

19, 378

66.0 1, 120, 012

115, 017, 134

TABLE 6.-1934-35 drought relief loans-number and amount of loans made and collected through December 1937, and balances outstanding Dec. 31, 1937

1 Amounts shown transferred from drought area.

Source: Farm Credit Administrotion, Division of Finance and Research.

40702-38-5

Mr. TABER. Might I ask what percentage of the farmers in North Dakota received seed and feed loans?

Mr. GARWOOD. There are 85,000 farmers, according to the census, in North Dakota.

Mr. TABER. Then there are about 27,000 feed and seed loans. It would be close to 30 percent.

Mr. GARWOOD. Yes; according to the census figures.

Mr. TABER. Those are 1930 figures, probably.

Mr. GARWOOD. Yes.

Mr. TABER. They probably are high for current operations, would you not say?

Mr. GARWOOD. Yes.

Mr. TABER. You would scale that down 15,000, would you not? Mr. GARWOOD. In number; yes, sir.

Mr. TABER. That is the total census number

Mr. GARWOOD. Of farmers; yes, sir.

Mr. LUDLOW. Has the bank of North Dakota issued any statement in connection with the action it is reported to have taken?

Mr. GARWOOD. We have a letter from them. We have a letter from the Governor to a borrower telling him to send his grain to this State elevator.

Mr. LUDLOW. I ask that that be furnished us.

The CHAIRMAN. I think so. Anything that is authorized by the Governor of a State is an official public matter, and it seems to me that we ought to have that and any other information of that kind.

DEPARTMENT OF AGRICULTURE

ADMINISTRATION OF SUGAR ACT OF 1937

JANUARY 20, 1938.

STATEMENTS OF J. B. HUTSON, ASSISTANT ADMINISTRATOR, AGRICULTURAL ADJUSTMENT ADMINISTRATION; DR. JOSHUA BERNHARDT, CHIEF, SUGAR SECTION; GRAFTON SMITH, CHIEF OF BUDGET SECTION; AND W. A. JUMP, BUDGET OFFICER, DEPARTMENT OF AGRICULTURE

Mr. TAYLOR. We have an estimate for $39,750,000 for administration of the Sugar Act of 1937, printed in House Document No. 477. Dr. BERNHARDT. Yes.

Mr. TAYLOR. Do you desire to make a preliminary statement, or just talk very generally?

Dr. BERNHARDT. I shall be glad to answer any questions that the committee have; or, if you prefer, I will make a general statement. Mr. TAYLOR. I wish you would give us a statement as to the occa sion for this request.

Dr. BERNHARDT. The purpose of the appropriation is stated in the House Committee on Agriculture's report on the sugar bill (Rept. No. 1179, 75th Cong., 1st sess.). This is the report from the Committee on Agriculture, made at the time that the bill was submitted to the House at its last session.