The policies on which this budget is based, therefore, mean that under present conditions of high costs, it is even more realistic and hard boiled than the 1948 budget was.

That is what is intended.

I don't think it has been a bit more difficult.

The Philippine Alien Property Administrator is authorized to transfer to the Republic of the Philippines in accordance with the provisions of section 3 of the Philippine Property Act of 1946, prior to final adjudication of claims, costs…

The preparation of the budget for the fiscal year 1949 has been a painstaking process.

The remarkable thing about the budget to me is the fact that we have been able to hold it well below the 1948 fiscal year budget, and had it not been for our requirements for foreign aid and things of that sort, we would have been $3 1/2…

The decision is that we will eventually go ahead with the merchant marine program.

That is the simplest approach we could find to it, and was recommended by the Economic Advisers as the most satisfactory way of relieving the cost of living to the small taxpayer.

This surplus is one of the most important factors in combating inflation, and an essential element of prudent fiscal management.

You have got to increase those enough so that they can have enough to eat.

The Philippine Alien Property Administrator is authorized to transfer to the Republic of the Philippines in accordance with the provisions of section 3 of the Philippine Property Act of 1946, as soon as practicable after final payment of…

It does. Yes.

I hope these charts will be helpful in understanding the 1949 budget.

No, UNRRA will not be used.

The budget does reflect it properly, and if the Congress doesn't pass the appropriation, it will be just as if it didn't exist.

I contemplate designating Major General Kuter as Chairman of the Board.

I would appreciate your aid in having the bill introduced in the Senate.

I would appreciate your aid in securing the passage of the bill as soon as practicable.