Show i STATE ORDERED TO PAY Treasurer Instructed to Clear Tax Anticipation Notes Held in N. N Y The state board of ot examiners Wednesday Wednesday Wednesday Wed Wed- instructed A A. A E. E Christensen state treasurer to pay of tax anticipation notes held in New York At the same time the board made tentative arrangements with officials of the Walker Bank and Trust company company company com com- pany for this institution to carry for fora a few days of or tax anticipation tion notes due January 15 The entire issue of ot was borrowed at 2 per cent Indications were that the extension granted by bythe bythe bythe the Walker bank would be granted on condition the state pay 4 2 1 per percent cen cent t. t I Because of ot the slowness of county treasurers to remit tax money to the state the general fund docs does not contain contain contain con con- tain enough money to meet the notes According to the law the county tre treasurers have until March 31 tomake to tomake tomake make their final settlement with the state slate on taxes collected during the foregoing year BALANCE At present the state general fund has a balance of about from which must be bo deducted the sent to New York The problem facing the state board of examiners is whether or not to negotiate a new loan from the banks of ot Salt Lake City or to borrow from the road fund as long as possible Mr Christensen recommended that the new loan be negotiated He said he believed the state would render a better public service by borrowing from the larger Jarger banks and leaving the state money In the smaller banks even though the new loan would cost the state additional interest GAS TAX MONEY M. M H. H Welling secretary of ot state said that he had of gasoline tax money and other fees which he was to transfer to the state treasurer in a few days and that he thought the state should meet its obligations to the banks and not negotiate for further loans until it became ary sary sa 1 In a tel telephone phone conversation with an official of the Walker Bank and Trust company Governor George IL II Dern learned that while the thc institution institution institution had disposed of worth of or the tax anticipation notes in New NewYork NewYork NewYork York it would arrange to take them up and also would carry its worth for tor a few days at 4 2 1 percent per percent percent cent until state officials could make a survey of the thc situation The terms of this telephone conversation were only tentative pending final approval al of the ban banks bank's s officers I A bowling green at a salvage depot in Birmingham England was oas built up from tons of dust extracted from refuse I I A year 12 12 year study course will be afforded af af- afforded forded in a school for deaf in Cali j af-j fornia ornia |