Word: netted
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Ahead the Treasury did not look just yet. The net effect of the 75th Congress' whopping appropriations and authorizations will not be known until it is seen: 1) how much more money will have to be voted for Relief after next March; 2) how far Government revenues fall in fiscal 1939 due to Depression II. (The Treasury's first guess, last week, was a decline of some 750 millions.) Last week President Roosevelt ordered the Treasury to undertake a tax study for the edification of the 76th Congress. In the next twelve-month the Treasury's deficit...
...difference between the deficit, $1,459,000,000 and the increase of the public debt, $740,000,000 was due to the fact that the Treasury spent $337,000,000 of its cash on hand at the end of the previous year, and $382,000,000 of net receipts from Government trust accounts...
...Oakland Bay bridge, may continue to operate at its present rates. Reasons: the Sausalito Ferry, which was losing money at the rate of $200,000 annually, "should not be permitted to injure itself . . . for the purpose of diverting traffic from its competitor." The Bay ferry, economically justified (seven-month net operating profit, as of February 28: $58,286), was a public service in which ''a substantial portion of the public has found satisfaction...
...Only 50% instead of 100% for net depreciation of defaulted and doubtful loans will be used in computing a bank's net sound capital...
...York fortnight ago published the first thorough analysis of the financing of those institutions. To run them cost $109,244,000 in the year studied (1934). They received $107,031,000 (44.5% from taxes, 40.6% from patients, 9.3% from contributions, 5.6% from endowment and invested funds). There remained a net deficit of about $2,200,000. Part of that deficit was paid by the United Hospital Fund. Part of it just piled up like an Ally's War debt. And it would have been millions greater if the institutions had been run on a business basis, taking into account...