Word: budgeting
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...main theses: 1) That Germany can fulfill her Dawes Plan payments after the present (third) Reparations year quite as scrupulously as she has heretofore; 2) That the present German Finance Ministry (under reactionary Minister of Finance Herr Dr. Heinrich Koehler) is attempting to so juggle the German Federal Budget that a revision of the Dawes Plan will seem necessary. Criticism. Naturally Mr. Gilbert did not mention Dr. Koehler by name, but criticized the methods of his department sharply as follows: German budget estimates are unfortunately obscure in their method of stating transactions . . . lack clearness . . . [which is] both unnecessary and unfortunate...
...German Government will take the normal precautions that are necessary in its own interest to safeguard the budget, there is no reason to believe from developments thus far that it will find real difficulty in maintaining the necessary balance between its revenues and expenditures, including, of course payments under the Dawes plan...
When the Federal Government balances its books for the fiscal year 1926-27 (ending June 30), it will have a surplus of $599,000,000. So said President Coolidge last week, addressing Federal bureau heads in the semi-annual budget meeting. The President also predicted a 1927-28 surplus of $338,000,000. Feeling that the present surplus "is of doubtful value" as a guide to the future, the President gave warning that tax reduction should not be based on the returns of one year alone, also exhorted his hearers to continue the practice of economy. "Extravagance," said...
General Herbert M. Lord, Director of the Bureau of the Budget, next addressed the meeting. He told five humorous stories: one about a Scotsman and an Irishman, one about a Negro and a Negress (Rufus and Narcissa), one about a Negro preacher with a fondness for long words, one about a fish too big to be true, one about a man who said that a church service "beat the devil." He also inaugurated the Loyal Order of Woodpeckers, whose members will dedicate themselves to performing small but frequent economies, and "whose persistent tapping away at waste will make cheerful music...
...appointment of H. F. Schwarz '29, T. D. Howe, Jr. '28, F. B. Lee '29, James de Normandie '29, and John de Laittre '29 to the Student Council Budget Committee was announced last night by C. H. Pforzheimer...