The Archive · 1929

MR, INOUYE "AND THE! 'GOLD, EMBARGO

Way to Lifting Ban Outlined Finance Mi Tokyo, July 5.

At a Cabinet meeting to-day "Mr, Tunnosuke Inouye, the Minister of Finance, outlined the policy by' hich he proposes'to pave the way for the removal of the embargo on "the.export of gold from Japan.

Retrenchment and economy both in current fiscal expenditure and in the compilation of next year's Budget are the keynotes, In-order to effect this retrenchment Mr.

Inouye proposes the postponement of many Government undertakings, and works which have been planned but not yet commenced, and even the postponement of some which thave actually been started, "An attempt is to be made to reduce the public debts by putting check on further issues and by the amplification of the sinking-fund, Drastic cuts will be made in the expenditure proposed for the con~ struction of new railway lines, and the Minister of Finance is also asking his colleagues to submit-to him by the end of the month the amounts which it is estimated can ye saved by the exercise of the strictest economy in each Government department,

Text read from the printed page and cleaned; old type leaves the occasional error.

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