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Mr. WiggLESWORTH. I think you might give us the two or three tables you gave us last year.
Mr. FERGUSON. Yes; I remember those.
STATEMENT OF DEBENTURES ISSUED AND OUTSTANDING, UNDER
TITLE II, NOVEMBER 30, 1942 Mr. WiGGLESWORTH. Showing the ratio of loan to value; the statement of debentures issued and outstanding, and the rental projects with premium paying loans.
Mr. FERGUSON. Yes.
Mr. WiggleSWORTH. Do not reprint any of them, but bring them up to date.
Mr. FERGUSON. Yes.
Title II.-Statement of debentures issued and outstanding Nov. 30, 1942
9, 413, 266. 63 9, 201, 687.10
Total liability for debentures. Retired (as above).
Grand total issued, authorized, and in audit to date (including cash ad
1 Including debentures in the amount of $12,550 called for redemption on which interest ceased on July 1, 1942.
I gives - Rental projects with premium paying loans closed during the calendar year 1942
Mr. WIGGLESWORTH. Will you also put in the record a statement showing your nonadministrative expenditures?
Mr. FERGUSON. Yes; we have that.
Title I Insurance Federal Housing Administration revolving fund
Mutual mortgage insurance fund, Federal Housing Administration, revolving fund
Net total receipts. 1941 funds available in 1942 1942 funds available in 1943 1943 funds available in 1944. 1944 sunds available in 1945.
Total estimate or appropriation...
1, 140,000 1, 140,000
660,000 555, 800
587, 000 474, 700 -23, 170,000 -21, 866, 600 +4, 431, 592 +4, 387, 942
-2,000,000 -18, 738, 408 -19, 478, 658
-24, 908, 616
+10, 626, 548
- 15, 203, 391 +6,763, 442 -6,071, 012
Cash collections on mortgage notes
Net total receipts. 1941 funds available in 1942. 1942 funds available in 1943. 1943 funds available in 1914. 1944 funds available in 1945.
Total estimate or appropriation..
56, 750 620,000
62, 500 1, 796, 390
7, 364 569,613
27, 562 844, 265
59, 701 292, 944
War housing insurance fund, Federal Housing Administration revolving fund
Management, repair, and sale of acquired properties..
Net total receipts. 1941 funds available in 1942. 1942 funds available in 1943. 1943 funds available in 1944. 1944 funds available in 1945.
Total estimate or appropriation.....
6, 400 57, 700 3,000 4,000
PUBLIC RELATIONS AND EDUCATIONAL DIVISIONS
Mr. WIGGLESWORTH. There is a limitation in the appropriation language covering Public Relations and the Educational Divisions, $84,580. That is only applicable to the District of Columbia?
Mr. FERGUSON. Yes. That was $90,000 for the current fiscal year.
Mr. WIGGLESWORTH. You have got here in your Budget breakdown as follows: Public Relations Division, $46,450; the Educational Division, $38,130; the Field Public Relations Division, $37,600.
Those added together make $122,186 for that work. We have discussed that a good many times when you have been up here. Can't you cut that down materially now with the conditions that confront us?
Mr. FERGUSON. Mr. Wigglesworth, I do not know how I can answer that because that work, except for the portion that applies to the Division of Education, is being taken over by Mr. Blandford's office.
Mr. WIGGLESWORTH. Then it ought to be eliminated in this breakdown.
Mr. FERGUSON. Yes; but this work was only taken over by the National Housing Agency since these estimates were prepared.
Mr. WIGGLESWORTH. I see.
Mr. WIGGLESWORTH. Then the amount, the total amount ought to be reduced accordingly?
Mr. FERGUSON. I do not see how they can do it any cheaper than we can.
Mr. WIGGLESWORTH. The total amount is to be transferred, I understand, to the Administrator's office.
Mr. FERGUSON. It is added to theirs.
Mr. MOORE. We would expect that to be taken care of by the Budget Bureau.
Mr. WIGGLESWORTH. Does that apply to the Personnel Division, $123,455?
Mr. FERGUSON. Oh, no.
Mr. DIRKSEN. I am wondering about the necessity of the Public Relations Service, first because of the restriction on material; the bulk of the construction now is in the war area, is it not?
Mr. FERGUSON. Oh, yes; but that condition is not permanent.
You see, so far as the loans are concerned, dealing with the war agencies is one thing, but so far as the F. H. A. is concerned it is dealing entirely through private lenders, private builders, private buyers, private material dealers, and it is not like a Government agency that may have something to give away; we have to create an interest in what we are doing; we have to contact the lenders, the builders, and consult with them and explain what we are doing to them as well as to the buying public.