AMERICAN WAR CHEST
FINANCE PLAN WORKED OUT.
By Telegraph—Press Association—Copyright.
WASHINGTON, May 9.
For the eventuality of the United States entering the war. the chairman of the Securities Exchange Commission, Mr Frank, has worked out a finance plan to produce a 20,000,000.000 dollars’ war chest.
The programme, resembling a forced loan project, is based on the assumption that the national income is 80,0 r i0,000.000 dollars and that there is no unemployment. It would require Congressional approval.
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Wairarapa Times-Age, 11 May 1940, Page 8
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77AMERICAN WAR CHEST Wairarapa Times-Age, 11 May 1940, Page 8
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