Tokio, January 16.
The" Kokumin Shimbun" says that among the Elder Statesmen who urged or endorsed postponement of the enterprises affecting the Army and Navy to the extent of two thirds of the' whole economy contemplated by the budget, are Prince Yamagata, Marquis Katsura and Count Yamamoto.
No "military party" exists in Japan. Marquis Katsura, the prosniective Premier, is a man of the most cautious character. He in-hents the peace policy of Prince Ito and Prince Yamagata. The forthcoming Ministerial change only implies a transfer of power from one peace party to another peace party.—Our Own Correspondent.
Text read from the printed page and cleaned; old type leaves the occasional error.