LOS.CAt TUMBER CO.

Moilgcae Finqnce Glinics Doted ln L. A., S. F., ond Phoenix

Latest in a neu. series of nationwide mortgage finance clinics for members of the National Association of Home Builders u'ill be San Francisco, August 20; Los Angeles, tugust 24, and Phoenix, August 27. This neu' service to members seeks to develop a broader understanding of FHA and GI. as rvell as conventional, financing.

With representatives of FHA, VA, mortgagees and builders as members of the panel, complete discussion of all facets of everyday financing problems will be provided. The clinics are under the overall supervision of V. O. "Bud" Stringfellor,r' and under personal direction of Hugh Askeu-, director of NAHB's mortgage finance department.

Begin Cqnqdiqn Development

The National Gypsum Company's estimated $6 million development of its new Nova Scotia gypsum deposits, largest yet discovered in North America, u'i1l be ready for full scale quarrying operations by the spring of 195.5.

Melvin H. Baker, board chairman, said the ner,v mineral reserves would supply the company's needs at its four Atlantic Seaboard plants for at least 200 years. The Halifax development is part of a four-year, $37 million expansion program scheduled for completion by mid-1958.

The National Gypsum Company manufactures under the Gold Bond trademark a variety of building materials including such gypsum products as wallboard, lath, plaster and sheathing.