The Budget for the next fiscal year still nears a war colour, and a normal financial programme cannot. be framed earlier than the 1907-8 fiscal year. The total "expenditure required for 1906-7 is about 1,030 million yen, of. which 800 millions is consequent' on the Russo-Japanese' war and the remaini Tions belongs to the ordinary The 800 "million yen required isi consequence (of "the war' is divided into "special" and '""gonoral" accounts, and the former amounts to over 510: million yen, ie, over 360 million yen for the evacuation of the army and navy and 150 million yen for war honours snd rewards. 'The latter is put at 291 million yen, in-eluting 110 million yen for the consolidation of the national debts, 32 million yen as pension' and relief funds, 149 million yen as sundry naval and military oxpenses. Then, 178. million. yen of the 800 million "war expenditure belongs to the ordinary estimates and 627 million yen to the extraordinary estimates. The former will be covered by the proceeds of the usual taxes, 12 million yen, the proceeds consequent on the continuance of war taxes, 16 million yen, and the postal and telegraphic proceeds in Manchuria and Corea as well as those obtain-tained thanks to the amendments of the tax regulations. Resources for the extraordinary war estimates are the proceeds from the selling of, war spoils and unnecessary articles, over 12 million yan; the surplus of the Inst account, over 36 million yon; the romsiider of the public bonds alr launched, 148 million yen; 81 the public bonds to be launched, 430. million yon. The 430 million yen bonds ied to be floated in the inland:
million yen thereof will be issued market and 280 million ese rule a measure of prosperity.and happiness such as they have never before known, The "Japan Mail "-regretsithat they have not been completely brought under Japanese rale, "It regrets "for their own sakes that the new. convention leaves the administrative machinery still in native hands. "But it is much that external peace is assured to them, and that the position now taken by the Japanese will compel the latter to further the cause of progress in Corea with more practical earnestness than ever, What Corea loses is " bagatelle compared'with what she will gain.
The Chinese M ter to Seoul. lott for home on the 2ud
Text read from the printed page and cleaned; old type leaves the occasional error.