The sun. [volume] (Newberry, S.C.) 1937-1972, September 19, 1968, Image 9
The Newberry Sun, Newberry, S. C., Thursday, Sept. 19, 1968—Page 5
Moody Report
at Library
The Moody Report, “a frame
work for South Carolina’s fu
ture,” is now available at pub
lic libraries throughout the
State. At the request of the
South Carolina State Library
Board, the Report has been
placed in all public libraries and
most branch libraries in the
State.
The recently completed study
“Opportunity and Growth in
South Carolina 1968-1985,”
was made by Moody Investors
Service, Inc. of New York un
der commission of Gov. Robert
E. McNair.
Miss Walker commented on
the action, “The Moody Report
is of interest to many South
Carolinians—businessmen, ed
ucators, local officials, anyone
interested in the State’s future
growth. We feel it is a valau-
ble reference source and we
are delighted to see it placed in
our public libraries where it
will be available to everyone
for study.”
The Moody Report analyzes
in depth three broad areas af
fecting the State and its citiz
ens—education, transportation
and health. The Report also
studies, more briefly, care of
the institutionalized, the hous
ing of state government, par
ticularly at the Capitol com
plex, and the development of
parks, tourism and recreation.
In addition, the Report includes
specific and detailed recom
mendations to support progress
in the various areas studied.
GI loans have
advantages
In addition to the obvious ad
vantages of low or no down
payments, a generally lower
interest rate and longer mort
gage period, G. I. home loans
offer eligible veterans the
right to pay off their loans at
any time without penalty, John
I. Findley, Loan Guaranty Of
ficer of the Columbia Veterans
Administration, today remind
ed prospective veteran home
purchasers and present G. I.
home owners.
Since the VA first started
guaranteeing veterans’ home
loans in 1944 under the World
War II G. I. Bill nearly 7,000,-
000 home loans valued at about
$70 billion have been made. Of
this number, nearly half—or
3,230,000 loans in the amout of
$25 billion—have been repaid
in full, Findley said.
The maturity term of VA
guaiMiteed G. I. home loan
mortgages varies with the type
of construction (brick or
frame) and the policy of lend
ers. According to VA, how
ever, two-thirds of the G. I.
loans guaranteed last year
were for the 30-year maximum.
On the average, VA says,
veterans pay off 30-year mort
gages in 16.5 years. Average
periods for paying off mortga
ges of shorter duration are:
25-year mortgages, 14 years;
20-year mortgages, 11 years;
15 year mortgages, 8 years.
Veterans with existing G. I.
home loans or veterans who
plan to use the G. I. Bill enti
tlement to buy homes may get
information on the advantages
of VA-guaranteed or direct
home loans from the Veterans
Administration regional office
where their records are main
tained.
PLEIKU, Vietnam — Army
Specialist Five Anderson C.
Gray, 25, son of Mr. and Mrs.
David D. Gray, Rt. 4, Newber-
-ry, was assigned as a gener
ator mechanic in the 43rd Sig
nal Battalion near Pleiku, on
August 8th.
His wife, JoAnn, lives at 744
James street, Newberry.
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1969
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