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Excess of At end of period Budget ex- penditures Public Cash bal- Fiscal Year over receipts debt ance 1945 53. 6 258. 7 24. 7 1946: July-Dec. 1945 18. 1 278. 1 26. 0 Jan.-June 1946 10. 5 275. 0 11. 9 Although the public debt is expected to decline, a substantial volume of refinancing will be required, because of the large volume of maturing obligations.
But Gregory of Nazianzen wished to found a Christian theatre; the Mediæval Mysteries were certainly under the protection of the clergy; and St. Thomas Aquinas, the greatest of the schoolmen, only condemns the theatre with cautious qualifications. Spencer and Gillen, Northern Tribes of Central Australia, Ch. Journal Anthropological Institute, July-Dec., 1904, p. 329.
Excess of At end of period Budget ex- penditures Public Cash bal- Fiscal Year over receipts debt ance 1945 53. 6 258. 7 24. 7 1946: July-Dec. 1945 18. 1 278. 1 26. 0 Jan.-June 1946 10. 5 275. 0 11. 9 Although the public debt is expected to decline, a substantial volume of refinancing will be required, because of the large volume of maturing obligations.
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