Show LAND BANK EXPLAINS i NEW LOW RATES PAIES FOR R t FEDERAL FARM LOANS the reduced interest rates ralea on federal land bank and land i bank loans author t iced by a recent action ol of congress wll wil apply p n all st payable I 1 prior to july 1 1940 Qc according cordIng to in word re celvid by director Ii rector wilbar in of the 1 utah ulah state Agri cul ji tural colega I 1 e 93 on service I 1 from albean S GOSS GOM land bank COB ni ill or 0 the fabin credit t adm lii r str atlon on mort federal land bank loana through national farm loan as mala 11 fona the temporarily reduced aaret raie w will III be at 3 pur per cent a year and for loans raade made directly from born the bank 4 per cent on land bank cor carmill stoner eloner loans the temporarily redic 1 ed rate will also be 4 per cent commisa oner goss sa id 4 that k der the law as now amended bot bou and bank and commissioner bor rowers begin beginning aing july 1 1940 wila wh resume interest payments at them eon contract trao On interest lint treat terest rat rates at which I 1 their I 1 loanis were originally nally made at present with a few tw I 1 othe he contract rate on new I 1 federal land bank loans now being i malo made through asso ono is ia 4 per I 1 cent and 4 per cant for or direct f loans the contract Int interest crest rate ons I 1 all aill loans Is 5 per cent the sa A the re danced t rates 1 will I apply ford or the stated period on oil approximately federal land bank loaia now mow outstanding in 1117 the ithe amount of 0 and about land iback cammi elionar loans aggregating gre gating nearly |