Tokyo, Apr. 5.
The Navy is reported to be plan-ming to demand that part of the economy effected by the Naval Agreement with Britain and the United States shal be appropriated for expansion of she Naval Air Force from the present strength of seventeen squadrons to twébityeight squadrons, which will give approximately a thousand planes, at cost of sixty million yen, for the purpose of making good the loss in national defence resulting from the eduction in submarine tonnage, While persons. in well-informed circles consider this report is based on intelligent' anticipation, the Premier, speaking to pressmen to-day, declared that the Government has not yet considered. any such proposal, though he admitted that the Vice-Minister of the Navy had suggested that part of the funds saved a result of the proposed Three-Power Pact will be devoted to the improvement of aval efficiency It is generally believed that the main saving if such a Pact is tignjed-—which, it is estimated will total lover a hundred million yen a year will be devoted to Tightening taxation and the relief of the unemployed, though it is considered probable that some of the amount will be appropriated to the improvement of naval air-defence—Reuter.
The Conference's Achievement
Text read from the printed page and cleaned; old type leaves the occasional error.