Show DISCOUNT RATE CUT GUT BY BANK OF FRANCE PARIS Juno unD 25 UP The IP-The The The Bank of ot France Franca reduced its it discount rate again today for the tho tD second time in ina ina ina a week The rate was wa cut to t 4 per cent from 5 per cent The Te 5 per cent rate was wa reached Tuesday when the banks bank's board of or regents at an extraordinary session lowered tho figure figuro from the 6 per percent percent percent cent to which it previously had been raised to halt tho the wholesale withdrawals of the tho gold reserve Both cuts were understood to be beIn bein bein in line lne with the policy of Premier Leon Leon Blums Blum's government to loosen credit facilities and put more currency currency currency cur cur- rency into circulation through trough productive productive pro pro- enterprises enterprise Tho The bank also lowered the rate on loans loas covered by securities to 5 per cent from 6 per cent cent On Tuesday it was cut from 8 S per cent Tho The rate on day 30 loans cut from 6 per cent to 5 per cent Tuesday was reduced today toay to 4 per cent A further drain of francs in gold in the thirteenth consecutive week of losses was reported by tho the Bank of France Thursday for the week ended June Juno 19 |