National Affairs: Unbalanced


The Government is likely to come out at the end of the fiscal year on June 30 with a deficit of $180,000,000, unless new means of saving are found. Director Lord of the Budget Bureau raised his former estimate of a deficit of $117,000,000 on his last computation to the above figure.

Recent developments have indicated that the following revisions must be made in the original estimate of a $117,000,000 deficit:

The deficit will be enlarged 1) because the British Government under the new debt agreement is expected to pay the interest installment of...

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