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Show Limit on Public Debt Will Have to Be Raised Again for 7th Loan The ceiling on the public debt will have to be raised again, treasury officials say. to make room for the seventh war loan. This next big drive will open in May or June Congress will be asked to push up the limit once more The boost the treasury wants is from the present 260 billion dollars to 300 billions. The public debt outstanding now, at maturity value, is $241,019 830.-653'. 830.-653'. Thus there is margin of only $18 980.169.147 before the 260 billion dollar limit is readied. Considerably Consider-ably more than 19 billion dollars worth of bonds (maturity value) must be sold in the seventh loan. In the sixth loan, more than 28 billion dollars worth of bonds were sold figuring them again at maturity value. Since a large part of these were sold on the "three dollars will get you four In ten years" basis, the government realized about 21 billion dollars from the sale. In his budget message on Janu ary 3, President Roosevelt stated that a further increase in the aebt limit would be necessary before the end of the next fiscal year, which would be on June 30. 1946 Financial commentators expect that two boosts will be required before that date, since the President estimated esti-mated that the public debt would stand at 292 billion dollars by the middle of 1946. At maturity valuation, valu-ation, this would mean considerably more than 300 billion dollars. |