President Roosevelt today signed the multi-million dollar Recovery and Relief Bill.
The President simultaneously indicated to newspapermen interviewing here that some thought the business picture was better and was improving.
"There have been a few raindrops coming from the heavens," he said, "that will be followed by much need"! ed showers."
He revealed that he would broadcast an address on Friday night on a general topic, It was believed he would take this opportunity to explain the recovery programme.
The President read figures for three months, indicating that the 1938 national income: would be U/S.$60,000; 000,000 compared with U.S.$69,800,- 000,000 in 1937 and compared with the earlier estimates of U.S.$55,000,000,000 for 1998.
He said the recovery programme) constitutes Government recognition that economic and social welfare go hand in hand and covers both for it permits the immediate execution of aiding unemployed as well as agriculture, industry and business,—United Pr "Bank Examination Policy Washington, June 21
Henry Morgenthau, Jr. Secre-ary of the Treasury, today told th press that heads of the Administ fiscal agencies had unanimously to the bank examination Japan's Big Budget Figures Told Tokyo, June 22. With a decrease of Y.330,-
857,000 in revenue and an increase of Y.289,656,000 in expenditure as compared to 1937- 38, the net budget for the present fiscal year provides for an expenditure Y.6,092,475,000 anda revenue of Y.6,328,245,000, the Finance Ministry announced today. The expenditures clude the extraordinary milita allotment of Y.4,850,000,000.—
Domei.
Text read from the printed page and cleaned; old type leaves the occasional error.