"Washington, May 28.
The Secretary of the Treasury, Mr. Henry Morgenthau, submitted to the House of Representatives Ways and Means Committee yesterday alternative suggestions for tax revision including a proposal for the reduction of surtaxes on exceedingly high incomes provided that Congress removes the tax exemption privileges from government securities.
"The fundamental objective of sound finance," Mr. Morgenthau told LINEST identical to the text Moscow, May 27. of the original Soviet proposals, an Anglo-French plan for ce-operation against aggression was handed the Foreign Commissar, Viacheslav Molotoff, at 4 o'clock this afternoon.
It was then that he received Sir William Seeds, British Ambassador, and M. Jean Payart, Charge d'Affaires in the absence of Ambassador Paul-Emile Naggiar, who is on his way here from Paris. The interview took place in the Palace of People's Commissars in the Kremlin.
M. Vladimir Potemkin, First Vice-Commissar for Foreign Affairs, who recently toured Eastern and Southeastern European capitals, attended and served as interpreter.
"M. Molotoff asked a few questions of the envoys and requested clarification of several points of the memorandum. He apparently acted in his double capacity as President of the Council of Commissars and Foreign Commissar.
Text read from the printed page and cleaned; old type leaves the occasional error.