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dustrial Development Association and leading businessmen from this area.
In discussing the proposal made by the Company to local leaders,, an Association spokesman said that, in general, the facts are these:
The manufacturer proposes toput up some $70,000 for the project, not including the amount he will spend for the manufacturing equipment. Arrangements are being made with a leading financial institution of the state to put up additiohal funds which will be secured by a first deed of trust. In turn, local persons, groups or organizations will be given an opportunity to provide not less than $40,000, to be secured by a second deed of trust on the real estate. On this amount, the manufacturer will pay interest of five per cent and will repay the investors’ notes on or before ten years.
According to a member of the Area Development Department of the Northern Virginia Power Company, “this type of financial Continued on page seven
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