The Archive · 1937

Budget Passed by Lower House

Proletarian Member Shouts Opposition

Tokyo, Mar. 8.

Over-riding vociferous opposition from the proletarian Social Masses Party, the Lower House to-day passed the "Government's 1937-38 budget Dill, without modifications.

The budget provides for the expenditure of ¥.2813.937,000, of which amount 49 per cent. wilt be spent by the Fighting Services "The attack on the budget was Ted by Mr. Teisu Katayama, of the pro-Ietarian party, who assailed the Gov-jemment for expanding military ex: Penditures, without paying heed to the people's welfare.

"Mfr. Yuki's finance polley," he shouted, "is designed to help the eopitalisis to gain control of the ration's industries, thus ensuring pro-

He said his contention was substantiated by the nature of the pro-Sceled revisions in the regulations of the Bank of Japan. The Finance Minister, Mr. Toyotaro Yuki, intended to revise the present regulations to permit the Bank of Japan to advance funds to industry.

"We have no alternative," he continued, "but to end the capitalist grip on industry, thus ensuring the stabilization of the nation's economic Attached to the bill was a ride drafted by the Minseito, Seiyukai and Showakai members of the budgetary Jecmmittee of the Lower Chamber, Urging the Government not to follow the "unconstitullonal™ "practice appropriating funds which would not the expended until two years later, Tt also asked for reforms in the taxation system and demanded the end of "malpractices" by the police and the creation of a committee to study the @istribution and disposal of provision.

speclat' funds,

Text read from the printed page and cleaned; old type leaves the occasional error.

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