New York, Mar. 11.
Mr, Dick Merril announced to-day that he is planning à trans-Atlantic fight to Ireland in a few contingency, The Chairman congratulated the Treasurer and Controller on the Budget which had been submitted. Asked how the actual expenditure for 1937 compared with the estimated expenditure, the Treasurer Controller informed members that the shortage on estimated Income in 1037 was approximately 19 lakhs and the decrease on estimated expenditure in 1937 was $1,082,000, There was a deficit in the Educa. tion Budget of $182,000, This deficit was entirely attributable to the fact that whilst the schools were closed and fees were lacking overhead charges continued.
The Treasurer and Controller informed members that the effective Budget deficit for 1987 was approximately $2,350,000 and that for the current year it is estimated at approximately $2,650,000, ie, a difference of no more than $300,- 000, Members of the Finance Committee unanimously recommended that the Budget for 1938, as submitted by the Treasurer and Controller, be adopted, The Council on March 9 adopted the recommendation of the Committee.
Text read from the printed page and cleaned; old type leaves the occasional error.