Show SURPLUS 51 HITS S-HITS NITS ITS I HIGHEST ESI MARK GOVERNMENT ROUNDS OUT TWELVE MONTHS' MONTHS BUSINESS AHEAD Nonrecurring Items Item Contribute to Big Amount Tax Reduction Ahead Washington Washington The The go government V ern rn e n t rounded out the fiscal year ear with a treasury trE surplus estimated at OOOO O to the tho greatest In history Acting Secretary Mills expressed expressed ex pressed the opinion however that the amount was to an extent misleading because of recurring nonrecurring Items which contributed to It Inasmuch as ns congress at Its Ha last session did not pass legislation to apply apply ap ap- ply to least a part art of tho the surplus to further reduction of taxes It Is being a applied to decreasing the public debt It Is the Intention however of congressional con con- gressional leaders lenders to put through a permanent tax reduction bill at tho the next session anil first steps s toward that end will be taken when the house ways Was and means menns committee meets October October Oc Oc- tober 31 to consider the drafting of a II anew anew new schedule of rates In reviewing operations of the treasury treasury treas treas- ury during the current fiscal year year ear officials pointed out that along n with a reduction of more than Ian In the public debt several offerings of certificates and bonds had been beell floated floated float float- ed d and anti approximately of second Libert Liberty loan bonds and a IL considerable considerable con amount of the third Liberty loan had been retired |