| Show interest reduced reduced on credit loans interest rates on all production credit loans were reduced one half hief of one per cent on nil all money rid advanced after february 24 1939 according to S al garwood production credit commissioner of washington D 0 now on an official visit to the production credit corporation of berkeley mr air gorwood stated that there are production credit associations in tile the system in the united states and that th this Is reduction will result lit in an annual saving of approximately to the members this reduction was made possible said mr garwood by tho c continued 0 1 t lit aed ready sale of 0 f federal credit batik bank debentures to tile the investing public bar bearing low rates of interest the um new rate will bo be four and a half per cent per year and interest will be charged only for the period during which the members of the production credit associations actually have the money this athla is the lowest rate at which production credit has been made aval available fable there are twenty nine production credit associations in tho the eleventh district of the farm cred crea it administration comprising california utah nevada and arizona who will bo be affect affected dby by thi lh tion of Int latempt erast I 1 |
