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. February 18, 1931, Volume 2U.S. Government Printing Office, 1931 - Disabled veterans |
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Page 146
... cash . ( b ) Those that contemplate payment of the basic credit , plus 6 per cent interest from 1918 . ( c ) Those ... cash required to be raised by the Treasury to put into effect the first class would be $ 3,409,250,000 ; for the ...
... cash . ( b ) Those that contemplate payment of the basic credit , plus 6 per cent interest from 1918 . ( c ) Those ... cash required to be raised by the Treasury to put into effect the first class would be $ 3,409,250,000 ; for the ...
Page 147
... cash by means of sales of securities to the public in order to pay cash to the veterans . In this connection I think I should call attention to the fact that the only funds made available for meeting this liability of $ 1,720,000,000 ...
... cash by means of sales of securities to the public in order to pay cash to the veterans . In this connection I think I should call attention to the fact that the only funds made available for meeting this liability of $ 1,720,000,000 ...
Page 148
... cash that can be obtained by the Treasury through borrowing without disorganizing the finances of the Government and adversely affecting the security market to which the Government must resort to cover its obligations . This question ...
... cash that can be obtained by the Treasury through borrowing without disorganizing the finances of the Government and adversely affecting the security market to which the Government must resort to cover its obligations . This question ...
Page 149
... cash funds necessary to give effect to this bill is necessarily dependent upon the number of applicants for these loans . Yours very truly , FRANK T. HINES , Administrator . CHANGES IN EXISTING LAW In compliance with paragraph 2a of ...
... cash funds necessary to give effect to this bill is necessarily dependent upon the number of applicants for these loans . Yours very truly , FRANK T. HINES , Administrator . CHANGES IN EXISTING LAW In compliance with paragraph 2a of ...
Page 157
... cash payment of one - half of the face value of the certificate , is it not ? General HINES . It is just within 2 per cent of that . Senator COUZENS . But I desire to point out that we have no right to assume that these veterans are not ...
... cash payment of one - half of the face value of the certificate , is it not ? General HINES . It is just within 2 per cent of that . Senator COUZENS . But I desire to point out that we have no right to assume that these veterans are not ...
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Common terms and phrases
4½ per cent actuarial principles adjusted compensation act adjusted service certificate adjusted-service certificate fund Administrator of Veterans amended amount apply approximately assume become callable bill billion dollars cash cent interest centum per annum CHAIRMAN compounded annually Congress deficit discount or rediscount eligible endowment policy estimate face value FEBRUARY 18 Federal reserve act Federal reserve bank Federal Reserve Board financing Government life-insurance HINES increase the loan insurance fund interest rate legislation loan basis loan value March 15 number of veterans obligations outstanding payment premium present proposed public debt question rate of interest REED SMOOT refunding operations round numbers section 502 Senator BARKLEY Senator COUZENS Senator GEORGE Senator HARRISON Senator KING Senator LA FOLLETTE Senator REED Senator THOMAS Senator WALSH Senator WATSON service certificate fund short-term debt THOMAS of Idaho THOMAS of Oklahoma Undersecretary MILLS unemployment United States Government unpaid principal veterans borrowing WALSH of Massachusetts