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New Bill tVill Help Buildins Exhibit To Show Rare \(/oods
Governor Rolph signed Assembly BilI 297, an urgellcy measure enabling California building and loan associations to become members of the re'cently created Federal Home Loan Bank system, on Janaary 2I'
The bill passed both houses of the Legislature by unanimous vote and became effective immediately.
The Governor urged the legislature to pass the bill as an urgen,cy measure in the following statement:
"The Federal Home Loan Bank is organized and ready to functio4, but has been unable to make its funds available because the laws of this State do not permit building and loan associations to become members of the bank. Amendment to our act will enable the bank, through the agency of building and loan associations, to help relieve the distress created by the present lack of mortgage money.
"Member associations; by exercising their borrowing privileges, will secure new funds f'or remodeling and legitimate home financing on a long-time monthly repayment basis.
"A revival of residential construction will bring about employment to thousands of persons in this State."
First 1933 Tri-Annual Meeting
The first 1933 tri-annual meeting of the National Association of Wooden Box Manufacturers, Pacific Division, will be held at the St. Francis Hotel, San Francisco, Calif., on February 15 and 16, 1933.
Woods from all parts of the world, including some species very rarely seen in this country, together with unusual specimens of the better known varieties, will be shown in a special exhibit to be held in the Architects Building Material Exhibit, Los Angeles, from February 1 to February 15, 1933. The exhibition will include woods from Africa, Burma, Indo-China, Brazil and other countries. A maple log from Michigan that contains practically every grain figuration that has ever been known in maple will also be on display. Of special interest will be a flitch of teak veneer from the hull of a ship that has seen ocean service for over a hundred years. Displays of wood inlays, both in the unfinished wood as well as the finished product ready for use, will be shown. The public is invited to attend the exhibit.
R. McMillan
W. R. McMillan, Eastern sales manager of the Hammond Lumber Company, died in Chicago, January 24, after an illness lasting more than six weeks.
Mr. McMillan, who was 67 years of age' was born in Scotland, and was one of the best known lumbermen in the United States. He was in the employ of the Hammond Lumber Company for 30 years' and opened the Chicago office early in 1925.