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We must take urgent measures for the readjustment period ahead. The Congress for some time has been considering legislation designed to supplement at Federal expense, during the immediate reconversion period, compensation payments to the unemployed. Again I urge the Congress to enact legislation liberalizing unemployment compensation benefits and extending the coverage.

1 Excludes exports for lend-lease and relief which are included in Federal Government expenditures. 2 Mainly government expenditures for other than goods and services, such as mustering-out pay and unemployment compensation. Unemployment has increased less than was expected during this first period of demobilization and reconversion.

In the States where the dollar is 3/8 of a pound, this Unit will be 25/96 of a pound, and the operation must be to multiply by 25, and divide by 96, et e converso. Where the dollar is 4/10 of a pound, this Unit will be 5/18. The simplicity of the fraction, and of course the facility of conversion and reconversion, is therefore against this Unit, and in favor of the dollar, in every instance.

Taken, with slight alterations, from the description of Dr. A. Combe. Two conditions are essential to the reconversion of venous into arterial blood, and to the restoration of its vital properties.

The first obligation of the Government to agriculture for the reconversion period is to make good on its price-support commitments. This we intend to do, with realistic consideration for the sound patterns of production that will contribute most to the long-time welfare of agriculture and the whole Nation.

Total goods produced and services rendered for private as well as for Government purposes the Nation's budget-reached about 200 billion dollars in the calendar year 1944. Federal, State, and local government expenditures represented half of this total. Corresponding estimates for the past 3 months depict the national economy in the process of demobilization and reconversion.

They found, while there had been much exaggeration on the part of the reformers, that some hundreds of the peasantry had, by various powerful temptations, been led to change their former religion. The bishops received back some of the converts, and a jubilee established among them completed their reconversion. The Hon. Mr.

And that program requires consideration in connection with the Budget, which is the annual work program of the Government. Since our programs for this period which combines war liquidation with reconversion to a peacetime economy are inevitably large and numerous it is imperative that they be planned and executed with the utmost efficiency and the utmost economy.

It is a comprehensive discussion of the present state of the reconversion program and of the immediate and long-range needs and recommendations. This constitutes, then, as complete a report as I find it possible to prepare now. It constitutes a program of government in relation to the Nation's needs.

It decreased the total tax load by more than one-sixth, an amount substantially in excess of the reductions proposed by the Secretary of the Treasury to congressional tax committees in October 1945. These proposed reductions were designed to encourage reconversion and peacetime business expansion.