Budget Reductions Necessitated by Earthquake Tokio, Nev. 3.
The estimates for the present fiscal year have been cut down owing to the decrease in the national revenues caused by the recent earthquake disaster. The estimates decided upon at to-day' Cabinet meeting are in the region 1 of Yen 1,222,000,000, which shows a decrease of Yen 157,000,000 as compared with the estimates fixed prior to the earthquake.
The decrease represents retrenchment on naval expenses of Yen 37,009,000, on the army at Yen 7,0¢0,000 and on the Home Department of Yen 13,000,000. Discussion of the Budget for the next fiscal year, was then begun by the Cabinet. It is reported thay the Finance Department has under consideration a plan to effect an extreme financial retrenchment, fixing the Budget at Yea 1,204,000,000 and to reduce by 50 per cent. the ordinary expenses throughout all Departments.—Eastern News Agen Dr. H. H. Lowry, President-Emeritus of Peking University, reached Shanghai on Tuesday en route to Foochow. Dr. Lowry has been a Methodist missionary in China for more than fifty years. He began his work in Foochow when that was the only mission of the Methodist Church. After spending a short time there he went to Peking where he was amongst the earliest of American missionaries, and where—he has had a long and distinguish-career.
Text read from the printed page and cleaned; old type leaves the occasional error.