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1 Obligations of Foreign Governments: Letter from the Secretary of the Treasury 1924

handle is hein.beal/gfof0001 and id is 1 raw text is: 68TH CONGRESS HOUSE OF REPRESENTATIVES DOCUMENT 2d Session } No. 470 OBLIGATIONS OF FOREIGN GOV LIBRARY LETTER FROM 00 THE SECRETARY OF THE TRE RY TRANSMITTING STATEMENT OF PURCHASES OF UNITED STATES BONDS FROM REPAYMENTS BY FOREIGN GOVERNMENTS DURING THE FISCAL YEAR OF 1924 DECEMBER 3, 1924.-Referred to the Committee on Ways and Means and ordered to be printed TREASURY DEPARTMENT, Washington, December 1, 1924. The SPEAKER OF THE HOUSE OF REPRESENTATIVES. SIR: In accordance with the provisions of section 8 of the first liberty bond act, approved April 24, 1917, and section 10 of the second liberty bond act, approved September 24, 1917, as amended, I have the honor to submit the following report concerning expendi- tures to June 30, 1924, under said acts, with respect to loans to foreign Governments and the application of repayments of principal thereof to reduction of the debt of the United States. Section 2 of the first Liberty bond act, approved April 24, 1917, section 2 of the second Liberty bond act, approved September 24, 1917, as amended, and section 7 of the Victory Liberty loan act, approved March 3, 1919, authorized the Secretary of the Treasury, with the approval of the President, to establish credits for foreign Governments at war with the enemies of the United States, and to the extent of such credits to make advances and to receive therefor the obligations of said foreign Governments. Under such authority of law credits were established, and expenditures made as follows: Digitized from Best Copy Available

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