Salt Lake Telegram | 1932-06-13 | Page 6 | Meeting to Decide upon State Tax Loan Delayed

p Meeting to Decide Upon State Tax Loan Delayed The he meeting o of the state slate board of examiners scheduled d for June 15 IS for the purpose o of determining whether or not the state should go into the market for tor a tax lax anticipation loan Joan will probably be delayed a few days members a of the board said slid Mon Mon- day The inability of Governor George H. H Dern Darn who is in the hospital hospital hos host pital recovering from a sinus operation operation opera opera- tion lion to attend is is the reason for the dela delay Just when the meeting will be held depends entirely upon the time it takes the governor governor to to get back on the job At the hospital it was reported reported re reo ported that he was doing well wen and nd would return home during the week The situ situation tion at the capitol is that there are arc sufficient funds to carry carryon on until near the end nd of the month The state has hos about in its own redemption funds The problem Is whether to borrow this money and continue to function on it or whether to go 0 into the market for a loan The size of ot the loan needed may reach a million dollars Just now the general fund owes the state highway high high- highWay highway way fund With the conn construction con season well under wa way it is possible that some of ot this money will willbe willbe willbe be needed by the highway department department department depart depart- ment before long Two New York banks have prof pro proffered frred loans lo ns to the state One offers and another