Show l t l 3 BANKS INVITED TO H H OW- OW fROM u. u e Money to Be Loaned in Turn to Assist in r Harvesting I IBy By Associated Press W WASHINGTON Aug 5 TO To help finance crop movements the war fi finance finance finance fi- fi nance corporation announced today it would welcome applications from banks for loans to cover cove advances bythe bythe bYthe by by- the banks banks to farmers and m merchants rc ants for harvesting and marketing wheat and other crops Lo Loans ns will be limited to four tour months and will carry inter interest st stat at 6 per cent per W. W P. P G G. Harding acting as managing managing managing manag manag- ing director of ot the war finance corporation corporation corporation corpo corpo- ration requested the federal reserve banks of ot San Francisco Minneapolis Dallas Danas Kansas City St. St Louis Atlanta and Richmond to accept from member and nonmember banks applications for tor loans Advances will b be made up to 75 per percent percent percent cent of ot the face value of ot loans to farmers farmers farmers farm farm- ers or br merchants merchant or up to per cent providing additional Collateral amountIng amounting amounting amount- amount Ing to third one-third of ot the loan is furnished fur fur- The security must be notes notes- evidencing loans have been made for crop moving purposes or notes evidencing loans Which have been made previously to farmers and and- merchants provided a a. statement Is made by the applying bank that the proceeds of ot the advance will be u used ed for crop moving purposes |