Show r U. U S. S WILL SWILL PAY t INTEREST ON R. R R. R BONDS APRIL I 1 I 4 70 in Certificates 1 of Indebtedness to I Be Given Washington March 20 Dividends l land and Interest i on railroad stocks ant and bandit bonts duo due April 1 amounting to approximately ap- ap 1 proximately will bo met h by r the railroad administration by of or certificates of or Indebtedness s to 10 the tho companies for or amounts duo due from rom rentals rent rent- als nis and other sources The Tho war finance corporation will mako make cash advances c to the tho companies on tho certificates t The Tho plan for tor meeting tho railroad Corporations requirements was announced announced announced an an- b by Director General Hin s satter Rafter after atter a conference nce with railroad ox- ox 1 es The plan announced b by Iho tho ho director general said salt a statement Issued tonight to- to night is that the railroad administration tra- tra tion lion will Issue its certificates of or In- In to 0 to the railroad C corporations corpora corpora- lions for or amounts amount due on account of or rental and other transactions arising I out of ot federal control It is estimated that the amount of or April t I require require- will be approximately OO The Fhe war finance corporation an- an that It Js Is prepared to receive applications from the railroads for ad advances advances' nd- nd vances vances' for tor their thel April 1 requirements on Ion the tho security of ot certificates of ot In n n- n Issued b by the director gen gen- ezi- ezi oral cral i Consideration is still being given hen liy tho director general ItS us to the tho h ethod to tJ b b 5 adopted for meeting ob obligations ob- ob due dua from tho railroad ad- ad mInistration to equipment companies tAn lAn announcement on this subject will cill willbe be made mate In the near future Lower cr Freight Rates lOn On Road Material Washington ton March 20 Director General HInes announced tonight that khe t he railroad administration had under consideration a reduction n in freight grates rates ates on crushed rock stone sand and gravel gra for tor roa road construction when con con- on- on to ant and the freight i f Is paid by ia a. a state tat county or township govern govern- government nent ment or the federal government Such Sucha a. a reduction however will not be put into effect it was said until prices on these materials are placed at lower levels eels if Je that Is considered necessary a JAn the interest of ot price stabilization The director general g said in reply to i-to o num numerous rous Inquiries that the a admin min min- 1 contemplated d no reduction in I rates on building materials I I |