Payment of Veterans' Adjusted-service Certificates: Hearings Before the Committee on Finance, United States Senate, Seventy-first Congress, Third Session, Relative to Payment of Veterans' Adjusted-service Certificates, Parts 1-2U.S. Government Printing Office, 1931 - Life insurance |
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Page 4
As a matter of fact , the Treasury , some years ago , you will remember , took the
position , and a very strong position , that under the graduated income situation
there should be no such thing as tax - exempt securities , and asked the
Congress ...
As a matter of fact , the Treasury , some years ago , you will remember , took the
position , and a very strong position , that under the graduated income situation
there should be no such thing as tax - exempt securities , and asked the
Congress ...
Page 35
No purpose is gained by the investment of the fund in securities returning more
than 4 per cent compounded annually , since this would simply mean an
accumulation in the fund of more money than was necessary to meet payments .
On the ...
No purpose is gained by the investment of the fund in securities returning more
than 4 per cent compounded annually , since this would simply mean an
accumulation in the fund of more money than was necessary to meet payments .
On the ...
Page 36
The securities exactly fit the actuarial requirements which are hy law made the
basis for fixing the appropriations for the ... large block of securities early in
January and by a subsequent continuous pressure for the sale of securities to
provide ...
The securities exactly fit the actuarial requirements which are hy law made the
basis for fixing the appropriations for the ... large block of securities early in
January and by a subsequent continuous pressure for the sale of securities to
provide ...
Page 54
As to the second consideration, the effect on economic conditions, the
Government would have to finance the payments by the sale of securities in the
open market, and it is clear that, in so far as the retirements would place cash in
the hands ...
As to the second consideration, the effect on economic conditions, the
Government would have to finance the payments by the sale of securities in the
open market, and it is clear that, in so far as the retirements would place cash in
the hands ...
Page 63
And you stated that there are maturing $ 1 , 100 , 000 , 000 of securities that must
be refunded in March of this year . Have you any doubt about the capacity of the
Government to refund those loans that are maturing ? Secretary MELLON .
And you stated that there are maturing $ 1 , 100 , 000 , 000 of securities that must
be refunded in March of this year . Have you any doubt about the capacity of the
Government to refund those loans that are maturing ? Secretary MELLON .
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Bibliographic information
| Title | Payment of Veterans' Adjusted-service Certificates: Hearings Before the Committee on Finance, United States Senate, Seventy-first Congress, Third Session, Relative to Payment of Veterans' Adjusted-service Certificates, Parts 1-2 Payment of Veterans' Adjusted-service Certificates: Hearings Before the Committee on Finance, United States Senate, Seventy-first Congress, Third Session, Relative to Payment of Veterans' Adjusted-service Certificates, United States. Congress. Senate. Committee on Finance |
| Author | United States. Congress. Senate. Committee on Finance |
| Publisher | U.S. Government Printing Office, 1931 |
| Original from | the University of California |
| Digitized | 8 Jun 2011 |
| Export Citation | BiBTeX EndNote RefMan |