Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-08-14

| out that the estimated receipts for the
present fiscal year are $3,920,O00, 900.
the expenses So, $50 900 900, leaving all
estimated surplus of $338, 900 600.
The fact that the receipts, as esti-
mated for the next year, are nearly
$3.50 .000,0 900 less than those for the
present year was explained as being
due to large payments made to the
Government by the railroads, which
boosted the current receipts and which
will be considerably less next year.
In discussing the preliminary esti-
mates, as agreed upon today, Gen.
Lord declined to divulge how the va
rious expenses were allocated, or re-
veal just which activities are to stand
the brunt of the slashing.
He did state, however, that the
greatest expense allowed is for ma
tional defense, which includes all the
activities of the War and Navy De-
partments. Without mentioning fig.
ures, he said that these departments
were granted material increase over
the estimates for the present year.
Evidence Of President Coolidge's in
terest in air development not only as
matter of national defense but in a
commercial way Is shown in his ap-
prevail of a substantial sum incli. led
in the next years estimates for the
aviation section Of the Department of
Commerce. Gen. Lord said the esti-
mate for this activity is considerably
larger than the estimate for the pres
ent year.
In the item of expense referred to
in the estimates as permanent and
definite is included 5000 900 to be
paid by the Federal Government into
the Civil Service retirement fund.
This IL new expense, 1t being ex-
planned that heretofore the annuities
to employees have been paid out of
funds created by employees assess.
ments, but now that the Government
definite scale, the Government can de-
termine each year what it will be
| called upon TO pay into this fund.
President Coolidge was represented
as feeling that the utmost pains had
been taken in arriving at this total
| OF estimates and as being inclined to
feel that they could not be reduced
much lower without seriously affect.
ing certain departments.
There is no mistaliing the concern
| of the administration. however, over
the lessening prospects for a tax re-
ductiOn next year due to the small
ness OF the estimated surplus.
1t has been generally supposed that
| the administration might be able to
| bring about tax cut of approXi-
mately $3O0.000,000 for next year, but
associates OF the President said here
| tonight after the budget figures were
made public that this will be impos-
sible unless the revenues of the Gov
eminent during the period in ques-
ton are underestimated or unless
the. expenses of the Government are
trimmed down still further.
Expect Budget Gains.
| Moreover, it is felt fairly certain
that Congress will appropriate con.
siderable in excess of the budget as
presented by the President because of
the urgent projects such as food relief
and control. farm relief. the building
| of Boulder Dam and the Great Lakes.
st. Lawrence waterway system.
In making known the estimated eX.
pense for next year, Gen. Lord point.
ed with considerable pride to the fact
that the interest being paid on the
national debt Is $67,000.000 less this
year than what 1t was last year. and
that during the next fiscal year the
interest will be $40,000.000 less than
this year. ~