Unconfirmed Repoft of Plan to Spend Y¥, 400,000,000
Tokio, Aug. 29, The evening papers carry a report which cannot be verified, that the Navy Office has drawn up a replace. ment préramme for the construetion of auxiliary vessels, including four 10,000 ton cruisers, first-class destroyers, several smaller destroyrs, submarines, gun-boats, old-tank and anti-submarine craft. The programme is estimated to cost a total of Yen, 400,000,000 which would bbe spread over six to eight yea commencing with thi next fiscal year.
While it seems unlikely that the Minister of Finance, Mr. Inouye, with the ~present ' Government's slogan of economy and retrenchment before his eyes, will sanction such an undertaking at the present time, it is possible that he Navy is anxious to be in a position to present programme with which when the Disarmament Conference is convened.
While it is highly improbable that any new programme of construction will be Iaunched before the assembly of the conference for the revision of the Washington tri vocalled that the mates quoted in the Diet, indicated that unless the conference is able to rench, a satisfactory agreement Jupan will have to find approximately Yen 820,000,000 for capital ships Yen 380,000,000 for the replacement of auxiliaries after 1931 including Yen 287,000,000 for auxidavies during after the five year period commencing in 1991 Tt will also be recalled that recently there was-much talk regard-the alleged decision to demand a ten-ten-seven ratio for auxili
Text read from the printed page and cleaned; old type leaves the occasional error.