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Show m pjmts 1 EflPHT fail Administration Solves iSAnother Problem in Fi-; Fi-; nancing Big Roads. SVASHINGTON, Murcli 13. Means of Innervating c'jutpnumt companies for oiriotive:1, ears a nd other mute rials S-iiit'neJ tc mi! road administration :rc provided today by a ruling of the Jeral rocrvt board that federal reserve inks misht pvuperly rediscoiunt for jjj. rnember nankr drafts drawn by the L-.aniea on the director general of rail-ids rail-ids and acceptable to him. Such drafts iilcl not have a maturity of more than mv .-lays and would be rediscount5 d i trio prevailing rates of discount for ,Iq accepts nceV. ii iter a conference today with reprc jen-ives jen-ives of the wa r finance corporation. !; reii-rvc board, the advisory commit-Ho' commit-Ho' the railroad administration and the foment companies, Railroad Director il-jes announced that he was considering :n? the companies permission to draw fts or acceptance;; on him for amours on equipment. The acceptances would i:r interest at a rate yet to be detcr- -iln view of the ruling of. the federal reive re-ive board, making this paper eligible for W-jnt." said Mr. Hines's announce-::it announce-::it ' t he director general today as-i-ed the representatives of equipryent lipniet that the way appears open I:carc for the situation in such a way : to protect the equipment companies i thus avoid any industrial distur'o-c. distur'o-c. :The question' of meeting obligations i. b" the railroad administration to Tj-oad corporations for rental has not : been finally determined, but a coupon" cou-pon" !e expected to be reached within :ew days." :'he railroad adminlstrtion has an-jmced an-jmced that.it will need 51S3.6Sl.963 to i-e "0 to meet amounts due equipment iipanips on account of locomotives and y delivered or yet to be delivered. |