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Updated: May 5, 2025
The reclamation and flood control projects which I am recommending for the fiscal year 1947 will involve capital outlays of approximately 319 million dollars as compared with 245 million dollars in the fiscal year 1946.
Spanish art is represented by a fine but unpleasing Ribera, 1725, Boy with a Club-foot, and to Velasquez are ascribed: 1735, The Infanta Maria Teresa, Queen of Louis XIV.; 1736, Unknown Portrait; 1733, L. of entrance, Philip IV. 1945 and 1946, R. wall, the Provost and Sheriffs, and Jean de Mesme, President of the Parlement of Paris, are excellent examples of Philippe de Champaigne's austere and honest art.
Cash advances made on loans by the farm Security Administration and the Rural Electrification Administration are expected to amount to 266 million dollars in the fiscal year 1946 and 351 million dollars in 1947; and after receipts from principal and interest are taken into account, net loan expenditures of these two agencies will amount to 120 and 209 million dollars in the two fiscal years.
A very proper requirement, in my opinion, would be that subsidies be removed as soon as it is indicated that the cost of living will decline below the present levels. The Second War Powers Act has recently been extended by the Congress for six months instead of for a year. It will now expire, unless further extended, on June 30, 1946.
As matters stand today, however, food prices are pressing hard against the ceilings. The expected decline in food prices has not occurred, nor is it likely to occur for many months to come. This brings me to the reluctant conclusion that food subsidies must be continued beyond June 30, 1946.
I estimate that in the fiscal year 1946 expenditures for the United Nations Relief and Rehabilitation Administration will total 1.3 billion dollars and in the following year 1.2 billion dollars. Insofar as possible, procurement for this purpose will be from war surpluses.
Many years later Bill was employed at the United Nations in New York as a simultaneous translator. In October 1946 Bill and his wife Artemis visited Charles Mellen W1FH in Boston for an 'eyeball' after more than ten years of QSOs over the air, with the exception of the war years of course.
The remaining controls will be retained only as long as they are needed to protect the public. Private enterprise must be given the greatest possible freedom to continue the expansion of economy. In my proclamation of December 31, 1946 I announced the termination of hostilities. This automatically ended certain temporary legislation and certain executive powers.
The third major policy is also of great importance to the national economy: an aggressive program to encourage housing construction. The first federal program to relieve the veterans' housing shortage was announced in February 1946. In 1946 one million family housing units have been put under construction and more than 665,000 units have already been completed.
The first test came in 1946 when India charged South Africa with practicing racial discrimination against Indian nationals and their descendants who were living within South Africa. Minority groups throughout the world eagerly waited to see what, if anything, the U.N. would do.
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