Debt totals rise to 356 billion in 1960
Federal state and local government debts totaled 356 billion dollars in fiscal 1960 and are expected to reach about 360 billion by the end of fiscal 1961 according to a government report.
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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
May 26, 1961
Page
7
Federal state and local government debts totaled 356 billion dollars in fiscal 1960 and are expected to reach about 360 billion by the end of fiscal 1961 according to a government report.
Singapore reports Britain slows granting independence to Sarawak over fears of unrest and bloodshed. Local sea Dyaks savage toward Japanese remnants and Chinese, while Britain and Australia worry that hasty move could trigger mass violence and upheaval in the Borneo colony.
General American Life Insurance Co announces a 4.4 million distribution to about 850 policyholders of Missouri State Life. President Frederic M. Peirée says 3.7 million will be paid in cash within about 60 days, with the rest credited as policy loans. Also Crestmont and Fremont Valley Lands win a Navy data recorder contract in North Texas.
Collins Radio Co reports three government contracts and Navy additions. In New Delhi an award for 1.5 million dollars will send diplomats R K Neh and V H Coelho to join talks on CNI3/3 toward a proposed summit. Abdel Nasser expected to rally forces as discussions begin. Oil firm San Marino Calif announces investment deal via Bulletin-Herald Classifieds.
MOSCOW AP A scrapbook on astronaut Yuri A Gagarin s exploits titled The Dawn of the Space Era is being prepared by the union of Soviet Journalists and the Soviet news agency reports. LOWEST TEMPERATURE Manchester New Hampshire Mt Washington records the lowest annual mean temperature 26 8 degrees held for 10 years.
Six special investigators were hired by the Indiana State Revenue Department to assist sheriffs in serving warrants for delinquent gross income taxes. Appointed June 1, including Leo Fentress in Floyd and Clark counties and others in Vanderburgh St Joseph Allen Huntington Kosciusko Delaware Henry Randolph Adams, will bolster manpower in tax collection statewide. The effort aims to ease sheriff workloads and improve tax enforcement.
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