Show I War Plants Corporation Eases Payments Following an investigation of I the needs of small business durIng during during dur dur- ing the contract termination pen period period pe pe- n od the Smaller War Plants Corp has las announced a new loan policy to liberalize regulations with re respect respect respect re- re to suspension of payments on principal and reduction in rate of interest E. E R R. Musselman district district district dis dis- loan agent said Wednesday Under the new policy all payments payments payments pay pay- ments on a loan made to finance a contract which is terminated for forthe forthe the he convenience of the government will be suspended until the termination termination termination nation claim of the contractor is paid said and interest reduced to 2 will willbe be payable only upon settlement of the termination claim The new S W P C policy will apply to all past as ae well as future loans Mr Musselman added |