Show Ho Hoover ver Opposes s Encroachment on Sinking Fund Law w. WASHINGTON No Nov v 21 AP- AP President Hoover announced today that the administration was opposed op posed to any encroachment upon upon tho the statutory provisions pro of or tho sink sinking ing nS' nS fund to o enable ena-blo the government to c continue the 1 per cent tax re re- re reduction Tho The president lent said the sinking fund now amounted to approximately mot ly a y yar ar and th that tha l lother other allocations applied on the the to total al payment to about annually He Ho said the tho sums sums' other than those mado in do mandatory by the statutory provisions might be used to help the government In a a financial finan cial waY but that he believed It unsound unsound unsound un un- un- un sound fin finance nce to make any attempt to alter U the laws applying to th the public publio debt I ci S |