The prresent Act establishes that the Board known as the Co-operative Loans and Loans Guarantee Board is hereby continued. Section 5 establishes that where a co-operative association borrows money for a period not exceeding 10 years and the Association, by such evidence as the Board may require, proves to the satisfaction of the Board that the money is required to assist the Association in carrying out its aims and objects and for productive purposes, the Board may guarantee the repayment of the