(P-59)

(Immediate Release)

RECONSTRUCTION FINANCE CORPORATION

WASHINGTON


September 1, 1932.

The Reconstruction Finance Corporation, upon application of the Governor, to-day made $500,000 available to the State of Florida to meet current emergency relief needs in a number of counties.

These funds are made available under Title 1, Section 1, Subsection (c) of the Emergency Relief and Construction Act of 1932, to supplement the efforts of the state and its political subdivisions.

The Governor of Florida is chairman of the Florida State Advisory Council on Unemployment Relief, which will administer the federal funds. The Commissioner of Public Welfare is Director of Relief under the Advisory Council.

Supporting data accompanying the governor's application claim that no state funds can be made available in Florida until the legislature meets next April. These data also indicate that many Florida communities and counties are in default on outstanding bond issues, with tax collections low.

Severely depressed conditions are reported in lumber, naval stores, tobacco, citrus fruits, and in agriculture, particularly in the northern counties where a late freeze was followed by drought.