Show official sees interest rate hike for RE KEA A i david Il artill Adminis tra tor of tile the rural electrification administration in an ad dress to the membership of tile the moon lake electric association saturday said that REA interest rates on loans to REA borrowers should be increased to an amount equal to the cost of money to the V S govern ment lie ile further stated that he did not believe congress would take action to increase tile the interest rates at this session see pictures on oil page aa mr kiamil stressed tile the t fleet that rural tion has hag had und and will con dinue to have on rural life and the standard of living ol of people in rural areas lie ile ad dressed the annual moon I 1 ake meeting at the high school auditorium the association member ship was also addressed by heed durr burr manager of the G gar a r kane power assoria tion richfield utah who spoke on tile the problems tac fac ing municipally owned and REA electric systems in ob low cost power from the upper colorado river storage projects in and ad jacent to utah in the business busl bession M of tile the mcewing hit tnt abers rf re as dirac tors ray hay drown brown neola wit liam ham I 1 fieldsted ields ted altamont and ralph chew jensan tile the also voted to adopt changes to the lie dy by lawi of the organization following the membership meeting the board of dirac tors met in a special session to elect officers for 1900 1960 marion ross of myton was wan selected as president vice president is ralph taylor of randlett and III E urquhart of rangely langely colorado was waa selected as secretary tras aurer |