The Ways and Means Committee of the House of Representatives which is controlled by the Republi us, has voted in favour of making no disposition of the Treasury surplus, estimated at $383,000,000, "This means that the surplus will probably be applied to reduction of the public debt at the end of the "fiscal year, June 30, 1927, and that there will be no immediate revision of taxes.
The Democrats allege that the Republicans intend to stage a big tax reduction just before the Predential election in 1928, The Committee also approved the final draft of the Aliens' Property Bill, which will be introduced into the' House on December 15, The Bil, it is understood, provides. for immediate part payment of each of the awards and proposes the crea tion of a commission to determine the value of the ships, wireless stations and patents seized from Germany, The appropriation to] over this amount, it is estimated, will slightly exceed $10,000,000, This appropriation, which will be authorized, plus the funds held by the Alien Property (Custodian, will be used to meet immediate payments, while the money due to the United!
Text read from the printed page and cleaned; old type leaves the occasional error.