Indianapolis Times, Indianapolis, Marion County, 30 June 1947 — Page 5

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Planners Expected

arplus in Lofiover Larger Than Budget

in January, 1946

By: ALBRO B. GREGORY, United Press Staff Correspondent { WASHINGTON, June 30.—The government today closes its books on fhe fiscal year with the first treasury surplus in 17 years,

A late payment on interest on the public debt will keep’ P the, surpiue

below what was expected to be a record level of $1,250,

The final figures will not be

compiled for a few 20.30 Hawevers

the figures were expected to look like this:

Receipts sasvnnse $42,500,000,000 Expenditures .... 41,750,000,000 Surplus ......... 750,000,000

Last year there was a deficit of

the war

Bevin Demands

$20,676,000,000, And at the peak of : ‘ mas wave Riss ‘Yes’ or ‘No’

there was a deficit of $53,941,000,000,

Last Surplus In 1930

Paris Conference Reaches Deadlock

PARIS, June 30 (U. P.).—British

And the Roosevelt administrations| Foreign Secretary Ernest Bevin will

had continuous deficits of $1,384,-

ask Soviet Foreign Minister V, M.

000,000 to $6,158,000,000 before we| Molotov today to say “yes” or “no”

got in the war.

Net income for fiscal 1947 was almost at war-time peaks. Spend-

spending in any peace-time year. The record was much better than was anticipated when the fiscal 1947 budget was drawn up a year ago last January. Employment Factor The budget planners were thinking of slackened economic activity and other depressing factors which would affect the government's income. But unemployment figures of 6 million to 8 million never materialized.

Net income of the treasury was

profits taxes were still in, effect and before a five per cent cut was made in individual income taxes. When the fiscal 1947 budget was released it appeared that there would be a deficit of more than $2 billion. But the planners were wrong on income, estimating it at only $40,230,000,000, rather than roughly $42,500,000,000 which is the case. Unusual Spending The high surplus was chieved despite some unusual spending which had not been anticipated when the budget was drawn up, notably the heavy expeditures under the $3,750,000,000 British loan, British withdrawals on the loan exceed $2 billion—some $600 million In excess of what had been anticipated for this period. Heavier than planned transfers of funds into the national service life

$31 billion since March 1946. But it is still more than $257 billion.

HIROSHIMA, June 30 (U. P.).— Hiroshima will hold a three-day

to Soviet participation in an allEurope reconstruction program, Mr. Molotov was expected to say “no." Mr. Bevin was reported anxious to force a glecision and end the conference by Wednesday. | French Foreign Minister Georges, Bidault also was anxious for swift | agreement or decisive disagreement on methods for establishing a! comprehensive European recovery program with American aid. The three foreign ministers met in their third formal session! this afternoon, Head-On Disagreement Dispatches by the official Soviet and semi-official French news agencies made it clear that the foreign ministers of the three countries had run head-on into a tremendous barrier. The stumbling” block was the insistence of Russia that European planning be tackled on a national basis rather than an ipternational basis. The only hope for the conference, it appeared, was some last-minute move by the French for a c¢ompromise between British Foreign Secretary Ernest Bevin and Soviet Foreign Minister V. M. Molotov. The French have been noted for their com; at international gatherings, but it did not appear that they were in the mood for it now.

{ See Peril to Sovereignty If the conference fails, it was be- | lieved that Britain and Prance, would go ahead and attempt to organize western Europe. This would be a preliminary to getting financial help from the United States in line with the suggestions of Secretary of State George C. Marshall. | “The official Soviet news agency, | Tass, said Russia opposed any all- | embracing European economic pro-| gram because it would infringe on | the sovereignty of particinating states. | Russia wanted the European nations to draw up a list of; their needs from the United States on a national basis, Tass said. The Rus-! sians opposed a unified European self-help program in which re-| sources would be pooled. U. N. Role Is Disputed Russia also expressed a desire to; turn the supervision of ‘European | rehabilitation over to the United | Nations. This proposal ran into strong if slightly embarrassed Amer-

ican opposition. American officials do not rule] out the possibility of some minor | role for the United Nations. Un- | dersecretary of State William L.| Clayton said before returning to Europe 10 days ago that some role for the United Nations wad} possible. But American’ officials privately make it unmistakably clear that the American government feels the United . Nations and its economic and social council are incompetent to deal with the present economic problem.

Engineers Union Threatens Strike

Members of the operating engineers union (A. F. of L) have voted to go on strike here Wednesday unless building contractors meet their demand of an additional 20c an hour. The union members operate the large hoists and cranes used in building construction. Charles E, Nourse, vice president of Building Contractors’ association,

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said his group was to meet this afternoon to consider the strike vote. “It is a wildcat strike and not sanctioned by the national organization,” he declared. ‘The operators, now receiving $1.90 an hour, are asking for $2.10. The union received a 20c¢ increase the first of the year.

BAY TRANSIT STRIKE ENDS OAKLAND, Cal, June 30 (U. P)). —Key System trains, busses and streetcars resumed normal service today in cities along the East shore |. of San Francisco bay and over the Bay bridge to San Francisco after settlement of a strike that began June 11,

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AIDE_Georg: e F. Kennan, former deputy Y tacior of the national war college, has been named director of the state department's new policy planning staff.

"Of Police Station

|dictments. Harry Stice, 1020 W.|Structing a public building to house Washington st. fighter, was indicted on a second Qugree Sauter charge oe sconnection e fatal bea of Mrs. Ew. Jaa, bea ag health to the Marion county jail. Mrs. Schwinn was found dead cellent condition,” the jurors stated.|ports in a double observance of inRegarding the juvenile detention|dependence day and the bicentennial] Other speakers tors said she died from a severe home the jury recommended that|of the birth of John Paul Jones, the| Geeding, Cincinnati, O.; an, Lancaster, Pa.; onde house aboard | Kalamazoo, Mich, and J. F,

in a room at 8tice’s residence. Doc-

beating.

in a fist-fight on the street in fron

Hkh Urges Construction . [of Union station last Jan. 24.

Construction of a new court partment building is inadequate functions.

jury recommended that steps be|Childrens Guardian home, taken immediately on a survey to

The Jity also returned two in- asceriain. the feasibility of em-'Novy Will ‘Stage

both county government offices and | 3-Day Open House a former prize|yne police department. : ouse "Conditions Excellent

The report. gave a clean bill of

“We found conditions there in ex-|ceremonies next week-end at fh

some parts of the buildings should|navy announced”

tonight, Two others indicted were Mar-|be renovated and urged that psy-

There will be open-

vin Leo Lawrence, 1358 Union st. [chiatric care be given to many of|the ships on July 4, 5, and 6.

The jury's report on public in-janother trained nurse be hired for|day had stitutions stated that the police de- | the institution, reporting that there|the Watchmakers

is only one registered nurse Indiana. house and a city police station was|and is hampering proper police| ogiqents. for om

demanded by. the Marion county grand jury in its final report in criminal court today.

, The report urged considerable im-

Regarding the court house, the provements of buildings at the| jn alii, 2a a nus ;

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