Show SIX Ix BILLION IS PROBABLE SIZE OF APRIL LOAN Income Tax Receipts to Go GoWell GoWell vr Well en Above 4 Billion Binion Is Forecast Washington March 22 With With an announcement an- an an- an cement today that collections from th the first 2 25 per cent cent installment payment pay pay- ment mont of Income and profit tax taxes s last lut Saturday amounted un to and might go 10 higner ner with ater later reports thelast the thelast thelast last financial milestone ne preceding preceding- tho the Victory Liberty loan onn had been passed and nd It seems Meems probable that the the lOA loan would be for approximately Governors of federal reserve Ne banks s sI I attending a conference closing closing- tonight I were told that although official statements statements statements state state- ments as to the amount of or the loan oan heretofore have rC referred to five live or six eix billions the higher figure was nearer correct Treasury officials emphasized however that tho amount had not actually actually actu actu- ally been determined May loT It Tax collections of ot a little more than thana a a. billion dollars indicated the total yield this year ear from Income and profits levies would be m more ro than four billions billions bil bil- hil- hil lions and ml might ht teach leach the estimate of Congress The aggregate of or first Installment payments will bring into the treasury treasur only about n net t at this time since is required to pa pay certificates of or In Indebtedness Indebtedness ind In- In d e b t ed n ess m maturing n g Co I nc I d en tally with the tax payments In support of oC the belief that the treasury would make mako six billions the goal oal of ot the Victory loan campaign of- of point out that certificates certificates of In Indebtedness were outstanding outstanding out out- standing to be redeemed from proceeds from Crom the th the loan and that probably another another another an an- other billion must be Issued before loan receipts be begin ln to pour In Proceeds of ot the certificates will be he required to pay ordinary government expenses for two months now running at the rate of ot a month and to redeem a little more than of or falling due be before re May ay I. I f On Hand Hond The treasury has available to meet current cash requirements about 1 a rather high net balance not Including all last weeks week's tax c col col- l- l Officials however do not de deI desire desire de- de sire to let the cash working balanco balance I got get below a n. billion dollars I Indications are that unless the Victory Vie Vic tor tory loan is largely larsel oversubscribed the treasury treasur will have t to begin within a a. afew afew few months art after r the campaign to market market market mar mar- ket 8 securities selling them mainly main I to banks as a means of or meeting future government expenses These would be ben n addition to possible Issues of or tax certificates In anticipation of or the last two Installments of oC tax payments September Sep Sep- 16 15 and arid December 15 16 In preparation preparation pre pro for or the tho second installment Juno June 15 approximately of ot certificates are outstanding and the tho treasury has announced It docs does not ex exI expect ex- ex to Increase tho the amount of these I certificates s. s |