Excerpt: The law under which the Rural Electrification Administration operates provides for two kinds of electrification. The first is what may be termed "rural electrification", and the second is "farm electrification". When we speak of "rural electrification" we mean the building of distribution lines into rural areas in order to provide farms and rural establishments with central station electric service. Today I want to discuss, first of all, an important phase of "rural electrification" as it is affected by the provision of the Pace Act which allows co-ops to extend repayment of their debt to the Government over a longer period of time. Second, I wish to present our thinking on what we have just termed "farm electrification"; that is, the development of the use of electricity on the farmstead once the lines are built.