PLAN ADOPTED

Hokitika Guardian, 7 January 1933, Page 5

PLAN ADOPTED

BALANCING AMERICAN BUDGET,

(United Press Association—Py Electric Telugi pn—Copyright.)

'NEW . YORK, January 6,

A programme to balance the budget of the Government during the present session of Congress was agreed upon on Thursday night at a confers,nee between the President-elect, Mr Roosevelt, and the Democratic Congressional leaders. Hie programme calls for increased income taxes in addition to a proposed beer levy, and extended gasoline taxes.

The plan also took into account a prospective cut in the expenditure of one hundred million dollars below itlie 480 million dollar slice in last ye'U’' expenditures provided by the Hoover budget.

With this programme it is believed that an extra session of Congress, in the spring will be unnecessary.

DECLINE IN EXPORTS.

WASHINGTON, January 5.

Tlie United States Chamber of Commerce has announced that the 1932 exports from the United States to Australia amounted to 21,047,000 dollars, which was three per cent, below the previous year’s exports. To the United Kingdom the United St-atds exports totalled 1209,104,000 dollars, a decline of 3o per cent.