The Archive · 1934

Big Sum Advanced for American Recovery

Washington, Nov. 21, Figures made public by the Treasury Department to-day reveal the fact that 0 far the Government's expenditures in relation to the Na-tonal Recovery programme total 523,928,063. Of this vast sum, however, $4,123,915,017 represents loans or advances of securities to various recovery Tt was also announced that the listed value of outstanding securities $17,036,083,055. Against this, however, may be entered the war dobie which are listed as having @ face value of $12,015,056,371.

The cash balance ai the present time is $729386,130 as contrasted to $1,168,072,374 on' hand a year ago.

it i believed that the Joan which will be floated on December 15 will be for enough to include $500,000,000 to $1,000,000,000 for cash on hand. besides sufficient to refund $992,000, 000 short-term notes which will be retired—United Press.

Text read from the printed page and cleaned; old type leaves the occasional error.

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