FEBRUARY 1960 KLAMATH TRIBUNE Pago 3 Per Capitas To Stay Strong, Sub. -Com. Told .Another distribution of four hundred dollars will be made to v tin ri'iii:iiniii' members on larcli 15, I960, it was announced by Ray Lung, trust officer for the U.S. National Bank at a meeting called by the Trust officials in Klamath Falls on February 23. This announcement was made at a meeting to which the remain ing members' sub-committee of the Executive committee were in vited to discuss the developments in the managment of the remain ing property. t According to Lung, thc four hundred dollars payment is in ac cordance with the 1900 budget which is based on the predicted income from cutting contracts. It is anticipated on the basis of the predicted income that a total distribution of $1000 will be made during the current year. The income at the present is good, stated the trust officials, because cutting is being carried out in the virgin stand of timber. It is predicted that this income will continue until the end of 1964 at which time, cutting in the vir gin stand will have been com pleted. The price of timber at that time, will of course, deter mine the amount of income which remaining members will receive The sub-committee officials were advised that together with the March 15 payment, the trust department is enclosing informa tion from the tax department which will specify remaining taxable income, gain or loss from the operation of the trust. The trust officials advise that this in formation will have to be includ ed in the individual's federal or state income tax returns. The forms are self explanatory, but tribal members are urged to consult the trust officials if there are any questions. There was some discussion about the possibility of acquiring Klamath Marsh, and it was ex plained that the trust officials do not consider it financially advis able to purchase it for the remain ing group even if the law made this possible. As for the Wocus bay area which has been set aside for the remaining members, the Trust officials will probably make some arrangement to lease it to the Fish and Wildlife service. Hob Mezgcr, forester, gave a run-down on what has taken place in the logging operations to date. lie reported that half of the logging 'operations have been carried out in the burn area, on schedule, and that the rest is ex pected to be completed by the first of July. TERMINATION INFO (Continued from Page.l) bulk of the property was made through pledge of pro rata shares, only about $1400 being received in cash. About an equal amount of personal property remains to be sold, much of which is fire equipment. An effort is being made to have the federal gov't put in some fire equipment on a loan-use basis so that this tribal property can be sold at an early date, Skarra advised. Detailing the tribal fanning, grazing, and fringe timber land sales program, Skarra noted that land in this category had been sold for a total price of $2,760,158 but that cash received amounted to only $180,209. Only a small amount of this type land remains to be sold, including allotments which have escheated to the tribe and two units on which the orig inal purchaser did not follow through. Present plans are to ad vertise the Klamath Agency in April, Skarra added, although it may be necessary for the HIA to retain use through the fire sea son. ' Explaining why the Klamath Marsh has not yet been transfer red and payment made, Skarra stated that the only source which the Fish and Wildlife Service has for funds to purchase the marsh is duck stamp sales. No informa tion is yet available as to when sufficient funds will be accumu lated from the sales to make the purchase, although the status of the account is expected to be known by Spring. Skarra also described in detail the sustained yield units yet to be sold. Translating the property dis position into terms of funds avail able for distribution to with drawces, Skarra found the picture "not pleasant".There was $220, 000 in withdrawing funds in the Treasury as of Dec. 31, 1959. Another $1,642,182 is to be paid in for the Antelope Desert Unit by April 30, 1960. Grazing permit re ceipts are expected to come to $31,675 ami salvage sales will bring in an estimated $297,914. These amounts, the limited cash received in fringe and personal property sales, and prompt pay ment for the marsh would result in $2,667,8 being available in July. This would make possible a distribution of $1600 per with drawing member. Complicating this picture, however, are the "offsets" interest free loans, re volving cattle loans, O it M charges, and pledges against pro rata shares to buy land and per sonal property. These (iff sets would have to be applied, in the order listed, against .any monies Procedure For Obtaining Loans Set Forth By Bureau of Indian Affairs (At the request of Bureau of Indian Affairs officials the Tri bune is providing the following information concerning the ob taining of loans.) Instructions to Withdrawing Members of the Klamath Tribe For Obtaining Loans A. Loans by the United States 1 FORM. An application form approved by the Commission er will be used. This form may be obtained from the Superintendent of the Klam ath Agencv. 2 SICXICRS.' Applications will be signed only by the bor rower executing an assign ment of his or her beneficial interests in tribal property as security for the loan, except in the case of persons pro tected under Section 15 of the Klamath Act, as amended, whose applications will be signed only bv their trustees. NUMHKROF LOANS. Only one loan agreement may be in effect with any one bor rower. Loan agreements, however, may be refinanced or modified to increase the amount of the borrower's in debtedness. A form for this purpose may be obtained from the Klamath Agency. A PURPOSK. The purpose of the direct loan program is to alleviate reoccurring financial difficulties caused by the dis continuance of per capita payments. 5 KLIC.IIHLITY. Any mem ber listed on the final roll of the Klamath Tribe who has elected to withdraw, is elig ible for a loan. Applications of persons protected under Section 15 of the Klamath Act, as amended, made by t h e i r Where parents are ing their children, would be made to either par ent or divided between them, and not to the trustee. 6 APPROVAL. All applications shall require approval by the Area Director or his author ized representative. Recom mendations of a social work available for distribution. Skarra recapped the loan pro gram, that $2,12.J,250 had been loaned out thus far involving 018 loans with nearly MOO modifica tions. About $1,(X).0U) -would go back into the loan fund if money Mifficient to make a $1000 distri bution became available, he cal culated. A general discussion followed, featuring questions on the marsh and on the procedure for amend ing the termination law. may be trustees, support -the loan Loans will be on or before and will con- he - s is er and a credit officer of the Hurcau will be shown on all applications. All approvals shall be given subject to the availability of funds. The Area Director or his author ized representative , shall be assured in the case of persons protected under Section 15 of the Klamath Act, as amended, that assignments of beneficial interests of such persons are made only by ap propriately authorized repre sentatives of such persons. 7 INTKRKST. Loans will not bear interest. S MATURITY, made payable April I, 'l,, tain an acceleration clause Providing for payment at an earlier date by any distribu tion of tribal assets to with drawing members prior to April 1, 1961. 0 SKCURITY. An assignment of the borrower's beneficial interests in tribal property shall be the only security re quired. Assignments must bear the written approval of the Area Director or his au- inonzed representative fore any advance of fun made. 10 AMOUNT. The amount of the loan shall not exceed the amount the borrower and his family would have received as per capita payments and been permitted to spend, had they not elected to withdraw from the Tribe. This has been determined to be $600 per person for a six-month per iod. In no event shall the total indebtedness of a bor rower be more than $10,(XX) unless otherwise authorized by the Commissioner of In dian Affairs. In the case of a loan for the benefit of a minor the amount shall not exceed the amount which probably would have been allowed for expenditure for the benefit of the minor from a per capita payment. Parents shall be considered jointly responsible for the support of their minor chil dren. Officials of the area office of the HI A report that the tribal land sales office has been auth orized to rcadvertise the Modoc Point, Sykan, and North Marsh sustained yield units. The plans must be submitted by ,Sept 1, 1960, and bids will be opened on Dec. 1, 1960. Because of time lim itations, none of the sustained yield units to be put up for sale on April 1, or August 1, 1960, will be readvertiied. J J