The Archive · 1938

Commodity Credit Corporation

Bill to Maintain Capital Approved New York. Feb, The Banking Committee the

House of Representatives approved Bill to-day for the permanent application to the Commodity Credit Corporation of $10,000,000. The Bill also provided that the Treasury must replenish any impairment in capital, The original capital of the Commodity Credit Corporation is expected to be impaired to the extent of $68,000,000 by March 31, c^ the basis of the present cotton pri according to the Investigation Committee. The issue of debentures up io five times its capital has been

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

Your account