New Appropriations Y. 70,000,000
Seoul, July 15.
The Budget for the next fiscal year has not yet been completed, in spite of the fact that all the departments and sections have been in conference since July 12, until late yesterday afternoon.
It is reported that the new appropriations demanded by the various departments amount to no less than Yen 70,000,000, but, as there are no financial sources to meet them, the Government-General brought the budget conference to a conclusion at yesterday's session.
The Government-General has do-cided to ask the various departments to reconsider their demands, and a second conference is expected to open in the course of a few jays.
Judging by prevailing conditions, it seems inevitable that a loan of Yen 20,000,000 will have to be raised, and the Tokio Government will be asked for a subsidy of another like sum. The Government-General is said to have decided to refrain from resorting to increased taxation.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.