Tokio, March 2. The Joint Association of Trade Guilds has passed a resolution, pointing out that Japanese industry and commerce are now suffering from great depression, and that recovery is a matter of great difficulty; yet, despite such unfavourable economic conditions, the Government appears to be budgeting on the basis of the past period of boom.
The resolution condemns the fact that half the appropriations are devoted to armaments, and de-<lares that, on the other hand, the provision is most meagre for the improvement of productive organs, the relief of unemployment and other measures of social advancement. It concludes by asserting that "if the present unduly militaristic budget receives the approval of the Peers, and is carried out by the Government. it will lead the country to ruin.'—Reuter.
Osaka, March 2.
A committee meeting of the Joint Association of Japan Trade Guilds has decided to hold a mass meeting on the 11th instant at Osaka, in the central Public Hall, in order to voice determined opposition to 4he present budget. The leaders of the movement include Mr. Sanji Muto, managing director of the Kanegafuchi Spinning Company, who represented the capitalists at
Text read from the printed page and cleaned; old type leaves the occasional error.