12
for the sake of^a few hundred^ ^ f e ^s
m ore of salary? I do not th in k so. If
he -retires on n en sio n jreh fejel^ a^ p tn r-
ing for him self and his survivor all
th a t is possible in the form of pension,
he m ay stiS be re-em ployed fo r not
to exceed 600 hours in a
year
w ithout disturbing his pension status
in . any way|K and ^w ithout being re
quired to make;I any additional con
trib u tio n to the re tirem en t fund.
It is possible th a t m ore attention
could profitably be given to this ap
proach to a v e i l im portant
period m ay w s a M ^ M g g J l 5 years de
pending on the age and qu ality of the
nr j j r p M and the d ep artm en t collects
th e v eteran ’s taxes along w ith his
m onthly p a ® « to save him from
having to pay taxes in a yearly lum p
shm.
Veterans’ Activities
Bldg., Salem , and 415 S.W. 11th Ave.,
B ) r t l a n |||||
T erm inal Leave P ay
T here’s good new s fo r those W e g l
W ar II veterans who failed to apply
fo r term inal leave p a y p rio r to th e
Septem ber 1, 1948
B y v irtu e
of P u h K jL fS C 4 79. 81st Congress, ap
proved A pril 26, they are gjj|en until
June 30, 1951, to ap p ly ’,fpr\ this bene-
fit.
At this w riting it w as not w w n
definitely w hether th e previous ap p h -
cation form s m ay be used to apply for
the benefits u n d er th e n ew tim e lim it,
nor to w hat arm y or nav y address^ the
applications should be m ailed. H ow
ever, w ord is expected on this sh o rt
ly, and v eterans co fn cS ied are ad-
vised to
v e te ra n s’ organi
zation, county service officers, or the
depar tm ent of veterans a ffa irs.
By LARRY QUINLIN
Dept. of Veterans’ Affairs
Oregon Veterans’ Loans
O r e g o r S W orld W ar II veterans are
borrow ing an average of slightly over
$680,000 a m onth t h r o t i S the state de
p artm e n t of v eteran s’ affairs to p u r
chase hom e and farm s. This is the av
erage for the 12-m onth p eW S | from
Ju n e 1, 1949, through May 31, 1950,
w hen loans am ounting to $8,160,750
w ere m ade to 1,937 veterans.
O v er-all fig u re for the popular state
v eteran s’ hoipe and farm loan pro
gram s i n ^ i t s beginning in the fall of
1945 am ounts to $21,800,289 in loans
granted to 5,428 Oregon ex-servicem en
of th e late w ar.
To m eet this dem and—which in thé
m onth of M ay ju st closed am ounted to
$771,850, or $91,700 in excess of the
past y e a r’s average—the departm ent of
v eteran s’ affairs on J u n e 23 sold HH
o th er $4,000,000 in bonds for th e p u r
pose of financing the program . This
m akes a to tal of $25,000,000 in ^ o n d
sales since 1945.
The. p ro g ram offers a four percent
loan to th e veteran , from the "state vet-
e ra n O d e p a rtm e n t, to be used for the'
acquisition of a home or a farm , which
can m ean d irect p u rc h ase, to pay off
a purch ase m ortgage or ‘ contract, to
co n stru ct a n ew home, or in some in
stances, to im prove his home.
The loan is lim ited to 75 |5|!S|bnt B
th e ap p raised v alue of the property,
an d cannot exceed $6,000. Repaym ent!
resided in Oregon p rio r to W orld W ar
II service, ancffl|wo% |B^^M H bnoraw ^
for 90 days or m ore betw een S eptem
ber 1, 1940, and December 31, 1946.
A pplication m ay be m ade through
veterans’ post o r c o u n ty service o S
ficers, or direct to the d ep artm en t of
v e te ra n s ’ a ffa irs,
305
S ta te
L ib ra ry
Coming Events
Of Interest
As a service to state em nl ^ e e s » vho
like to trav el and see th e sights, we
are presenting here some of th e com?
n |B fe S |H ts in O r B ^ p l g m c h l^ ^ ^ h d ^
interest to O regonians an d o u t-o f-
We are indebted to the
T ravel Inform ation D e p artm en t of the
Oregon s S e H ighw ay Com m ission fori
the m aterial. S ubsequent issues of the
m agazine w ill ca rry announcem ents pf
later events.
(C ontinued on r B B 2 3 )