£3,000,000 FOR RELIEF
ROOSEVELT’S REQUEST SMALLER PROPORTION FOR REARMAMENT (United Press Assn.—Telegraph Copyright) (Received April 21, 7.15 pan.) WASHINGTON, April 20. The President (Mr Franklin D. Roosevelt) in a message to Congress asks for 15,000,000 dollars for 1937-38 for relief.. The estimated Treasury deficit on June 30 is 2,557,000,000 dollars, and the deficit on June 30, 1938, is estimated at 418,000,000 dollars. The President pledges every means at his disposal to be used to eliminate the latter. The public debt next June will reach 35,500,000,000 dollars. Indicating that fresh taxation would be necessary, the President said: It is a matter of common knowledge that the principal danger to modern civilization lies in those nations which, largely because of the armaments race, are headed directly towards bankruptcy. The proportion of the national Budget the United States is spending on armaments is far smaller in proportion to the Government income than that of the nations referred to.”
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https://paperspast.natlib.govt.nz/newspapers/ST19370422.2.37
Bibliographic details
Southland Times, Issue 23180, 22 April 1937, Page 5
Word Count
155£3,000,000 FOR RELIEF Southland Times, Issue 23180, 22 April 1937, Page 5
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