Tala Birell, who plays, opposite Cesar Romero in "She's Danger- now showing st the
ous,
"
Alhambra.
THE CHINA MA
ITALIAN BUDGET REVEALS S
REVALUATION OF
GOLD TO BE APPLIED
TO REDUCTION
Rome, To-day.
The Italian financial year ending June 30 will show a big deficit in the normal Budget, instead of an estimated surplus of 20,000,000 lire, stated the Finance Minister, Senatore Paolo de Revel, in the Chamber yesterday.
THE DEFICIT, HE STATED, WAS NOT CAUSED BY THE ABYSSINIAN WAR, WHICH WAS BEING FINANCED SEPAR- ATELY, BUT BY THE NEW BUDGET, INCLUDING REARMA- MENT, MORE PUBLIC WORKS, EXPENDITURE TO ASSIST THE TOURIST INDUSTRY, WAR PENSIONS AND ALLOW- ANCES AND BONUSES TO LARGE FAMILIES TO STIMULATE THE BIRTH RATE.
The deficit would be reduced [000,000 to 4,022,000,000 lire between to a low figure or cancelled by December 31, 1934, and April 30, two exceptional items revalua-1937.
would
tion of the gold reserve and the The Budget for 1937/38, he estim- lire and profits from gold and [ated,
show a deficit of foreign currency acquired from 3,178,000,000 lire, of which 1,201,- private citizens.
000,000 lire was for increased ex- Moreover, certain Treasury oper-penditure in East Africa.--Reuter. ations connected with the new END OF THE LUXURY MENTALITY |forced loan on land values would
Rome, To-day. show a large surplus.
Signor Mussolini, in an address
:
The Minister also announced to the executive committees of the that the internal National Debt |Italian corporations, indicated that had risen from 91,997,000,000 to]he intended to transform them into 101,241,000,000 lire between June a kind of General Staff, working for 3, 1934, and April 30, 1936. Italy's economic independence. ** In the same period, short-term After outlining the new six-year indebtedness rose from 12,333,-plan for East Africa, Il Duce de- 000,000 to 53,260,000,000 lire. clared: "I seek to overcome that
GOLD RESERVES
certain luxury mentality which is in The gold reserve of the Bank of opposition to the discipline of Italy had declined from 5,892,- Fascism."- Trans-Ocean.
Reno, Nevada, the world's most famed who are on the "waiting list," so to speak ping, her next husband; Mary Lang, aviati and Bradley Drasser, Mrs. Reid's next husba
A Rare Picture
Mary Lewis, the American opera star, as she arrived at Southamp- ton. Miss Lewis sangat Covent
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King Victor Emmanuel and Queen Eleana presentation of a Golden Rose of the Pope jewelers, was awarded the Queen by Pope the Holy See were displayed in the
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