Salt Lake Telegram | 1932-06-06 | Page 14 | Government Plans to Stop Borrowing

Government Plans To Sto Stop Borrowing g WASHINGTON June 6 P C The Thc The Thelast last borrowing the government intends intends in in- n tends to do until its finances get all straight again will be the sale June 15 IS of worth of treasury se se- se This will bring the fiscal year borrowing up almost to the three three bile bil billion lion mark but the next fiscal year car is isto isto isto to be run strictly on a pay as you rou go basis if it hopes and expectations ma ma- The new issues will consist of in year three-year treasury notes bearing bearing 3 per cent Interest and of year one certificates paying 2 11 per cent