RELIEF AND RECOVERY

Taranaki Daily News, 4 June 1934, Page 5

RELIEF AND RECOVERY

UNITED STATES MEASURE * LARGE EMERGENCY FUND POWER GIVEN PRESIDENT LAST ACT ON PROGRAMME By Telegraph—Press Assn.—Copyright. Rec. 7 p.m. Washington, June 2. As a climax to the Government’s relief and recovery programme a Bill which would -put in President Roosevelt's hands a potential emergency fund varying between 2,500,000,000 and 650,000,000 dollars was reported for passage to-day by the House Appropriations Committee. The measure is to be known as the Deficiency Appropriation Bill of 1934. It allocates directly 1,172,000,000 dollars for relief and rehabilitation during the next fiscal year but also turns over to the President the savings and balances of the Reconstruction Finance Corporation and .the Public Works Administration, which may exceed 5,000,000,000 dollars.

The measure is scheduled to be called up on Monday. It will require a twothirds majority for passage, which the leaders are certain is assured. It is further hoped that as far as the House is concerned it will end the legislative programme of the seventy-third Congress.