Show interest reduced on credit loans interest rates on all production credit loans vere i re reduced one half of one per cent on oil all money advanced lifter after february 24 1919 according to S at garwood production credit commissioner of 0 washington D 0 now on an official visit to the production credit corporation ot of berkeley mr Gor gorwood stated that there are an ga production credit associations in ili the system in ili the united states and that this reduction will result in ili an annual saying baling of approximately to the Illon members ibers this reduction was made possible said mr garwood by the continued ready sale of federal intermediate credit bank debentures to the investing public bearing low ion rates of interest the new rile rate will be four and a hall half per coat cent per year and interest will be hawd charged only for the lie period during whish the members of the production credit associations actually liae have the money this Is the lowest rate at which production credit lias been ninde made available there are arc twenty nine production credit asso associations clatious in ili the eleventh district of the farm credit administration comprising california If utah I 1 nevada and arizona who lio will ill be affected d by the reduction of interest |