The Archive · 1938

Over Rearmament Plan

Budapest, Mar. 1

Disagreement over the reconstruction and rearmament plan of the Premier, Dr. Kalman de Daranyi, has resulted in a reshuffle of the Hungarian Cabinet.

Failing to compose his differences with some of his colleagues, the'Premier yesterday tendered the resignation of his ministry to the Regent, Admiral Nicholas Horthy who accepted it and then asked Dr. de Daranyi to form another government.

The new Cabinet includes Dr. de Daranyi and five other members of the old ministry. The members replaced were the Ministers of Agriculture, Justice and Finance.

Dr. Ibredy, at present President of the National Bank, has been appcinted Minister without Portfolio to supervise the country's economic Policy.

The Government's reconstruction and rearmament plan, costing £40,- 000,000. is to be financed principally from a capital levy on fortunes €xceeding £2,000.—Reuter.

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

Your account