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L'cp..i .mm As voted, this bill curriedi $23 million less than the Interior bill for the current fiscal year, and $19 million less than asked by the President. Reductions
ere made in money for consruction of parkways in the vicinity of Washington, D. C, but there were increases in the money for campground, trailer park and picnicking facilities in the national parks.
Just before the Easter recess began, the House voted a supplemental appropriation bill. This one, unlike the other three, carried money for the balance of this fiscal year, rather than for the new fiscal year. The total was $2.5biJlion— $285 r.ullion less than Mr. Eisenhower requested. In this instance, the House voted to put back into the bill $100 million of the $225 million in additional money for the Development Loan Fund asked bv the President. The Appropriations Committee had decided that mis extra money was not needed at this time by the fund, which is a part of the, foreign aid program and lends money to ^thery countries. President Eisenhow'er's spokesmen insisted that, while it might be true relatively little of the money previously appropriated for the fund actually had been spent, mast of it had been obligated by formaldoan i agreements or informal tnjle rstandings. Mr. Eisenhower also wants $700 million more for this fund for the new fiscal year. -
The four appropriation bills, as voted by the House, provide approximately $373.5 million less than requested by Mr. Eisenhower. Of course, these reductions are subject to further consideration in the Senate. Historically, some of the items stricken out in/the House are restored there, and the appropriation bills eventually sent to the White House represent compromises between the House and Senate versions.
In connection with the budget situation, the Joint Committee on Internal Revenue Taxation released last week estimates by its staff experts that the Treasury’s tax incone in the fiscal year which come’, to a close June 30 will be $1.1 billion less than the President predicted in his January budget message to Congress, and the revenue for the fiscal year beginning July 1 will be $13 less than the President’s forecast. The President’s
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