Salt Lake Tribune | 1917-05-25 | Page 2 | Allies to be Given $400,000,000 in June

ALLIES TO B GIVEN 540Q.0aa.0Q0 IH M m j Treasury Officials Figuring Out Ivequirements to Stand Several Months. AVASHIN' iTON'. May 21. Treasury o?-flcl.!5 o?-flcl.!5 h.vo iumv tN'ir attention to the rtn;in-lal rcpiirrments of tl.e allies for June ami are riiSAHf.l in formula; in jr tt more or li el.isttc p: -opr.imme dofi.cned to Mun t for fcer.il niontlis. In lic.itions are tl.at approximately $'H000.0-'iO will ie udMtnced tho allies in June, brin-cinc tS.e- tot.-l up to more than $1,0 VOOV'- McmPers of tl'.e Ii.ih.in cou;mis;on. who have eonferre 1 recently with treasury of-nVials. of-nVials. l;ae .vnt to Homo for more ileum ile-um led Information as to th.o committment? of the Italian ko e: nir.ept in this country and when tns data is m li.-nd U will bo in desiK'tr.c a procrauime to meet Italian linamial needs for several months. IlnMsh an 1 i-Yench need have been o-at-It im d dehnitelv and tentative proposals conle:r; I tte to.ms to tlieso ovemmeuts at a rate of nppro ima t ely SrhvO-'.-'Cv to s;rc.i'eu.o,.o a month. liuss.a lias n.ot j ct .li.oMi i; a in st the $ 1 oe.e.'U.e ti1 ci edit isiabli-hrd I.T lier here, an 1 it is t aoucht ! t isat i h t n sum will take c.u e of her : e- j nmrement.. fo- some time, possibly for the j entire mo. ith of June. HeUian needs have I been a n 1 1 14 a t c.l lor s;x months by tho I esinbllshm.'-it of tho $ ;,0"O.Oi'a credit recent. re-cent. v n;:t aor-.sed. j 1 Thus fav the loans to tho allies have been ctileiiy to t: eel their most prcssuw 1 e. 1 nil com 11 is. Ne - ot !at ions !ia e pus sod j tliiM st. ice and a-e now pro.-eedtm; 0:1 a : !ai of the I'livinriil. at stated periods, of tied nums. all of which wiil be spent 1 in the I'nUed Slates. I'ffu iaN t(la- allotted anionc the banks ' of tiie icdoial i-eefn iltstlicts the J.VO.-I iioii.ecii oiTeiinp of treasury cert IMcates of j indebtedness which cloe-d yesterday. The1 1 allotment was made on the basi of 12 j per cent of t he subscriptions, t he oiTer- J I UK ha v Inn been o er-subsci ibed about . , huly per .nit. t Inn statement toniclit officials made I it c'.ea r t : a t sul-sri li'-i-s to t he so-calhil I labv bonds of the hbertv loan- the $.'0 j mill $ 1 1)11 .tenomlnat ion-s a re not reipih ed hi pa v t lie toll a mo-tut of stihscrt pi lone i 11 :.,l ance. hul will recel e the saioe privilege of pavimr by installments as are 'iMlit'l mibscrll-t lo laro; amounts. The fiubs.-vibers to the small bonds m,i. hmever, pay the full amount of Huvr subsoi lpilons In advance, if thev tieslre.