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...office he signed his $500,000,000 Economy Bill. His pen & ink thereby marked an historic transfer of fiscal power from the Congress to the Presidency. Heretofore Congress has appropriated specific sums to be spent as ordered on veterans and Federal employes. Under the new law Congress authorizes a lump sum expenditure, leaves it for the President to spend within certain broad bounds...

Author: /time Magazine | Title: THE PRESIDENCY: First Check | 3/27/1933 | See Source »

...issue of "double taxation" with the City of Basle. Radical aldermen have demanded that the city pry into the private income of each employe of the Bank (already taxed in his home country) and tax it again in Basle. The Bank retorted by offering the city a lump sum payment of 50,000 Swiss francs ($9,647) in settlement of all income tax claims. Last week the city of Basle balloted in referendum of the Bank's red-tape-cutting offer, accepted it by a handsome majority...

Author: /time Magazine | Title: INTERNATIONAL: Red Tape Cutter | 2/27/1933 | See Source »

...such as to create a moral and material obligation to contribute to her support." Counsel for M. Briand's nephew & heir, Charles Billiau, admitted the open secret of Mme Nouteau's relationship, will contest her claim to receive either 150,000 francs ($6,000) in lump settlement or an annuity of 18,000 francs ($780). Two months before he died M. Briand sent Mme Nouteau 10,000 francs ($400) as the last of many presents, left her nothing in his will...

Author: /time Magazine | Title: Milestones, Feb. 27, 1933 | 2/27/1933 | See Source »

...Franklin Delano Roosevelt's approval, Sir Ronald tucked into his briefcase an assortment of new British plans, one reputedly a "lump sum" offer, sailed on the S. S. Majestic "with full instructions...

Author: /time Magazine | Title: Foreign News: Lump Sum? | 2/20/1933 | See Source »

...Allies $700,000,000. This, plus $400,000,000 owed by France on her purchase of U. S. War stocks, totals $1,100,000.000. Last week London financiers threw in another $400,000,000 for good measure, took the grand total $1,500.000,000 as their "lump sum." The U. S. they opined (and in some cases wagered) will not collect more than that from all the Allied Powers. Any Anglo-U. S. settlement, they thought, will have to be made provisional until France comes to debt terms with...

Author: /time Magazine | Title: Foreign News: Lump Sum? | 2/20/1933 | See Source »

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