Twenty-two Vessels to he Built in Four Years Tokyo, De Six hundred and eighty. "million yen was the sum demanded by the tavy Ministry as its appropriations for the coming fiscal year. '¥.430,000,000 of this. being for new enterprises, including the first i stalment of its ment programme Ministry, however, made a drastic Jeut, declaring that the country's finances could not stand: such great expenditure. The "Navy Minister {thereupon threatened to resign on the ground that he could not hold himself responsible for naval defence unless his demands were 'Mutual concessions finally pre= anted n definite split in the 'Cainet _and the Navy Minister has now agreed Y.487,000,000 as its allocation for the fiscal year' 193: 5, while the four-year "replenishent rrogramane has been Feduced from _¥.670,000,000 to ¥.431,000, 000, with the proviso that" suppl mentary estimates will be presented later, if and when financial condi= tions' permit.
total of 22 vessels of types regulate Under the new programme, ed by treaty are to be constructed the four' riod of thew being as under:—2 addition, ight new el nose irony "are to be extabiohed ae 8 cot "'40,000000" vine," Japan total of 39 naval air squadrons by tae ended 168, wile a number of vessels not covered by treaty Fintan areal" be
Text read from the printed page and cleaned; old type leaves the occasional error.