Tokyo, Sept. 1.
Estimating that revenues for the next fiscal year will drop by about Yen 100,000,000, Mr. Junnosuké Inouye, Finance Minister, is planning all manner of measures to make up the dete The Premier Mr. Hamaguchi and the Finance Minister have been hav-frequent consultations in regard to the vexed matter of adequate! finance and the Premier has agreed to a plan whereby Yen 11,000,000 can be saved from salary accounts. This does not call for a cut in 3 ries, nor does it involve administ tive readjustment which would mean dismissals and a further addition to the army of the unemployed. Early this year, Mr. Hamaguchi tried to reduce the salaries of Government officials by between five and ten per' cent, but an enormous outery resulted, despite the Premier's stirring message to those who serve the state to display their patriotism further by making such a sacrifice. The outery was not confined to Government employes alone, but arose from every quarter, employer in private offices fearing that their superiors, might be led to take a page from the Government's book.
The present plan is to refrain from filling any gap which may be caused by death or by the retirement of any official and by reducing bonuses and special allowances.
Where the remaining Yen 89,- 000,000 is to come from is not yet. known, and the Finance Minister is racking his brain to find and means of obtaining this sum. without, however, adding to the burdens of the general public.
A. rough estimate of the needs of the Navy for the next fiscal year has been set down at Yen 270,000, 000. This, however, does not visual Yizo supplementary expenditures that the Navy claims will become necessary if the London naval treaty is ratified, Of this 270,000, traordinary expenditure,
Text read from the printed page and cleaned; old type leaves the occasional error.