Washington, Apr. 24.
The far-reaching general economy Dill which will be reported upon tomorrow. authorises. drastic and Sweeping. economies affecting tually every branch of the Govern. bil, as be submitted" by. the committee, far exceeds even the most istic hopes: of advocates of governmental economy to balance the budget.
of government talaries is provide general 11 per cent. reduction fu the bill. Even members the "Senate and the House of Representatives are. included sin this pay slash.
'Special attention is given to! salaries in the various federal boards and bureaus, with reductions provided for employees of the Federal Farm Board, the Federal Tariff' Commission,' the United States Shipping Board and others.
The salaries of federal judges: also are reduced by the measure Which establishes a maximum G310,000° per annum for the judiciary.
World War veterans, along with the government clerks, also suffer from the economy axe, for the bill provides for the reduction of benefits to ex-service men and th gradual elimination of the vocational Education programme upon which Targe sums have been expended.
The military and naval establish-malar ad nara earn ore ed a Fevcine ed et tee Bepartment and the Navy. Depart reposal to consolidate the Wat
fonssed by Congress many times, in ment, "Thi pro penal has been dis-Secent years, Dut i is believed that this is the Brat time that a definite measure to accomplish consolidation fof the two, arms of the service has teen placed before the legislators.
the Army and Navy is one discon rather provision meeting, oth tinuing the two transport services, [This proposal is of particular inter-the Philippine Islands, China and Guam, "The President is authorised by the bill, during the next fiscal year, to restrict the transfer of military and. Raval officers and enlisted men "to, the greatest extent consistent with [the public interest."
jests of the Philippine Scouts shall Telia algo. provided that, transfer paid by the Philippine insular government, with provision that the government may, on authorisation of the President, disband or reduce this, exemptions from this Act now elude wheat, meat, maize, the important raw materials' such, cotton, wool and other fibres, hides, skins,' rubber, iron ore and crude non-ferrous. metals.
Tt is stated that while the Ad: vigery" Committee will consider all requests regarding the duties, they not propose, save in exceptional teases, t0 recommend any reduction in the duties for twelve months. [They will, however, be ready to propose higher duties in appropriate hyeesey Apr, 21.
Confidence in Great" Britain' ffoancial position has. been further signalized' by the reduction of the bank rate to-day from 33 to 8° per mended by the Advisory, Committ The new British tate reenm fre generally: welcomed by the lea ders of industry in. the country. Opinion in. France regarding the ow measures it that they are fessive and that Free Trade Brit become "the most, protec-it country in Europe." They' feo fear that Germany will press fee" annulment of her war debts, on the ground that if she cannot export she Cannot pay.
'A comprehensive review of the conditions of progress and economic development of the component parts the: British. Colonial Empire was} fiven by Sit' Philip Cunliffe-Lister, Secretary for the Colonies, when he introduced. the Estimates for' his department in the House of Com mone on. Friday, After referring how "the world "depression had fected the Colonies, he said. the increased preferences to the Colonies would come at arnest -opportune the Colonies but British tax payers, who thave a direct interest in the altairs the Colonies, 'A''reference was made to Traq which (he said) under the British Tuandate, had. grown from. poverished province to a prosperous State with a stable and competent interested British rule. /also announced that a Bill to effect to the Government's policy. Malta will shortly be introduced in} the House of Lords.
Text read from the printed page and cleaned; old type leaves the occasional error.