,'

but the Deacon did, and when he returned home she irnmediately wanted to know what kind of a preacher the new parson was.

"Lady," said the Deacon, .,dass de mos' rematkable preachah Ah evah listens to in all mah life. yes ma'am. He done preached a mos' pow'ful suhmon. yes ma'am. Dat preachah ackchally axed de Lawd fo' a whole lot o' things dat ole preachah nevah even knowed de Lawd had."

Gov"tnor Signs Mortgage Australia Steady Customer Reluf Bill for Redwood

Senate Bill No. 7, introduced by Senators J. W. McKinley of Los Angeles, N. T. Edrvards of Orange and Walter Duval of Santa Paula, making changes in the law regulat- ing mortgages and deeds of trust, rvas signed by CnOvernor R'olph on June 2.

Under the new larv the difierence betr,veen the appraised market value and the amount of the debt rather than the differen.ce between the amount obtained at the foreclosure sale and the debt is made the maximum amount of available deficien'cy.

No deficiency judgment can be given on a purchase money trust deed or mortgage on real estate.

"This should remedy the situation which arises when a man makes a great number of payments on a home and thereafter is unable to keep up the payments. This prevents the creditor from buying the property at bargain rates and suing the debtor for the difference," Governor Rolph explained.

The law specifies no deficien,cy judgment can be given if the sale takes place between the date the law takes efiect and September 1, 1935, unless notice of default is posted a year prior to the sale. This, in effect, lneans that the debtor cannot be held personally liable for any deficiency unless he has been given a year in rvhich to raise the money.

Notice of trust deeds must be recorded in every ,county in whi'ch any of the property is located and notice of default and of sale must be mailed to every person who records a request for such notice. This is to eliminate the danger of a man's property being sold without his knowledge.

The debtor is given an option at anv time the sale or court foreclosure to wipe out the default and reinstate the instrument as though he had made all his payments on time.

The new law, the Governor stated, "should benefit debtladen farm and home owners."

More than 1,000,000 feet of Rbdwood in two shipments left Humboldt Bay for Australia in the early part of this month. The steamer Boren sailed June 7 with a little over 500,000 feet, and the steamer Golden Coast sailed June 9 with a cargo of 500,000 feet. This lumber was shipped by the various member mills of the Redwood Export CL., San Francisco.

As noted in a recent issue a direct mill shipment to Australia of 500,000 feet of Redwood was made by Union Lumber Co. on the steamer Golden Harvest from Noyo Harbor, April 27.

Frequent shipments of this size have been made to Australia by the Redwood mills since the first of the year. through the Redwood Export Co.

Takes Charge of S. F. Office

Miland R. Grant, Western Door & Sash Co., Oakland, has succeeded his brother, Robert S. Grant, as San Francisco representative of the ,company, with office at lI2 Market St.

Erecting Ne* Office Building

The Dinuba Lumber Co., Dinuba, Calif., is constructing a new office building which will also include their new hardware and paint department. The building will be 24 feet by 70 feet and will be an all-frame structure with 1x6 Redwood rustic sidewalls. The building will be insulated with Celotex. When completed the company will have an attractive and modern office building. Walter Hardwick is manager of the Dinuba Lumber Co.