FOR SHIPPING.
American Congress Votes Financial Aid, MEASURE RUSTED THROUGH. Press Association— Copyright. Washington, June 20. A whole series of legislative Acts was passed by Congress to-day, when both houses put on all parliamentary speed possible in a desperate effort to adjourn to-night before the opening of the democratic convention at Philadelphia on Tuesday. After months of complicated revisions the President's Corporate Tax Bill was passed. It is designed to raise £36,000,000 largely through levies on the undivided profits of corporation. Another important Bill rushed through was the Ship Subsidies Act, substituting direct financial aid to American shipping for the mail contract system. A Bill to project the ££0,000,000 housing programme was killed in the closing hours, as were numerous less important measures. By 10 p.m. the House had completed its work and marked tune for the midnight adjournment while the Senate was locked in a filibuster against the substitute for the Guffey Coal Act, which was declared unconstitutional by the Supreme Court. This was the final session of the Seventy-fourth Congress, which was elected in 1934. The new Congress to be elected in November will be convene on January 5. During its two sessions the Congress set a record for public spending, even exceeding that of the War Congress. The expenditure totalled £3,859,200,000. Congress adjourned promptly at midnight with Senators opposed to the Guffey Bill still holding the floor. Thus the measure was defeated. KALINGO FIT FOR SEA AGAIN. o— ■ Press Association—Copyright. ~.., Wellington, June 21. The Union Company's freighter Kalingo, which has been' undergoing repairs after a mishap at Greymouth, came off the floating dock late on Friday afternoon and left Wellington yesterday for Westport.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/STEP19360622.2.75
Bibliographic details
Stratford Evening Post, Volume IV, Issue 163, 22 June 1936, Page 7
Word Count
276FOR SHIPPING. Stratford Evening Post, Volume IV, Issue 163, 22 June 1936, Page 7
Using This Item
Copyright undetermined – untraced rights owner. For advice on reproduction of material from this newspaper, please refer to the Copyright guide.