Show interest reduced on credit loans loani interest rates on nit nil production credit loans were ere reduced one half of ono one per cent on all money advanced vinced niter after february 24 1039 according to 8 M carvino Gan d production credit commissioner or of washington D 0 now on an facial visit to the production credit corporation of berkeley mr Gori stated that there are production credit ass aaela ocla tlona in tho the system in tho the united states JUKI that this reduction will result penult in an annual saving of approximately to the members this reduction was made pos elble said mr garwood by tho the continued ready sale of Ired federal pral intermediate credit bank debentures to the investing public bearing low rates of interest the new rate will bo be four and a halt half per cent per year and interest gutert will be charged only toy for the period during dur faig which the members of the production credit hetti actually ally have the money this la Is tho lovest rate at which whdeh production lins lias been anade available there are twenty nine production credit associations in the eleventh district of the farm pred it administration comprising california utah nevada and arizona I 1 I 1 wha will le be affected by tion of interest |