AMERICAN FINANCE
Formidable Deficit
PAYMENTS TO VETERANS
By Telegraph—Press Assn.—Copyright WASHINGTON, April 3.
The Treasury balance statement for
the first nine months of the current fiscal year revealed a deficit of 2,542,000,000 dollars, which is less than the expenditures for emergency relief purposes, which total 2,860,000,000. With this tangible evidence of increased revenues Mr Morgenthau announced that the next phase of the vast re-financing programme will bo the issue of about 1,249,000,000 dollars of 10 to 12-year Treasury certificates bearing 3i per cent, interest to retire 1,005,000,000 dollars of fourth Liberty Loans due on April 15, and 244,000,000 dollars of additional Tron sury short-term paper. During the past two years Great War veterans have received 11300,000,000 according to figures published in reply to charges by the American Legion that the veteran is a despised man. Amounts paid per capita of men killed and wounded are: — United States, £530; Canada, £52: Britain, £11; France, £10; Germany, £9; Italy, £B.
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Bibliographic details
Hawke's Bay Tribune, Volume XXIV, Issue 95, 5 April 1934, Page 7
Word Count
158AMERICAN FINANCE Hawke's Bay Tribune, Volume XXIV, Issue 95, 5 April 1934, Page 7
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