AMERICAN DEFENCE.
HUGE EXPENDITURE PLANNED
WASHINGTON, Oct. 1. ' Congress lias approved a conference report on the final provisions of tlie 1,000,000,000-dollar tax Bill, which has been sent to the President for signature. , . , , The measure is also designed to facilitate defence, permitting manufacturers to write off the cost of additional facilities within five years. No limits are placed on the profits of aeroplane and warship contracts. President Roosevelt, at a Press conference! at the White. House, said lie was not sponsoring Senator King s Bill to acquire Bntis’h possessions in the Pacific in return for loans and credits. He added that he had not made, and did not expert to make, recommendations regarding Senator King’s proposals, his first knowledge of which came from the morning newspapers. Senator King conceded that there was little possibility of getting the proposal before the Senate. A message from Nassau says that a United States naval mission is expected to reach the Bahamas tomorrow.
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Bibliographic details
Manawatu Standard, Volume LX, Issue 262, 3 October 1940, Page 7
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158AMERICAN DEFENCE. Manawatu Standard, Volume LX, Issue 262, 3 October 1940, Page 7
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