Show PA IN I SQ 8 W A COST T TI I J More Than T an Billion illion a Year for 25 Years Cost to American People Estimate of Treasury oJ By Press 1 W AS Feb It I lv will will cost the American people about a year year for f r the next twenty five years to pay payoff off the w war r debt according J to estimates of oC the treas- treas I ry based on incomplete knowledge o oC f pr l what at the final war debt will be This calculation Is made On the assumption that the net war debt with with deductions for loans to the allies alUes will be In the neIghborhood neighborhood neIghbor neIghbor- hood of oC Interest on this amount at the rate of oC 4 4 1 per ller percent cent would be a year to tobe tobe be raised by taxes and then repaid to bondholders In addition about would have to be pro pro- Med every year ear as a sinkIng fund to redeem all bonds In twenty five years SINKING FUND N NEEDED EDED This would require a cumulative sinking Inking fund provIsion of oC per cent Congress had not yet authorized authorized author author- establishment oJ of a sinking fund fundas fundas as recommended by Secretary Glass Treasury Treasur officials assert that If this authorIzation Is gIven bonds Donds mIght be bought upon the market each tach year or called for redemption n nat at the periods provided In terms under un- un lI der r which they were sold VICTORY LOAN SOON The Victory Liberty Libert loan to be gloated floated late In April Is expected to tobe tobe be for five billion dollars the house ways and means committee reported in submitting legislation authorizing pale ale of short term notes instead of bonds AltEr After the ways and means committee committee com com- had reported the treasury authorized the statement that the five billions mentioned by the committee committee com com- as the possIble size of the Victory loan was not necessarily exact exact ex- ex act since the amount would not be determined finally by the treasury for tor a month and a half The size then will depend on government ex- ex pens s which cannot be forecast ac- ac for the next month or more |