Mr. Ichiki, Minister of Finance, foreshadowed reduction of pavy and army expenses, curtailment of eneral administrative expenditure ud postponement of new enterprises. In view of the fall in their price the Government contemplates putting in force the redemption of public bonds as from the present fiscal year. The total estimates amount to over Y.1,346,000,000 inclusive of annual expenditure and revenue, a decrease of over Y.136,- 000,000 as compared with the last fiscal years.—Eastern News Agency.
The Powers and the Washington Agreement: The Framing of the Budget Tokio, Jan. 23.
In ihe Diet, which reopened to-; day, interpellated by the leader of the Opposition, Viscount Kato, the Premier, Admiral Baron Kato, replied that the Government were doing their utmost to evacuate Sag-alien as early as possible) Though no forma] negotiations had occur-} red, "an understanding exists be tween Great Britain, America and} Japan regarding the steps to- be
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