Japanese Premier Urged to Balance Finances Tokyo, Oct. 2 'A. warning that the issue of gov: lornment bonds to balance national budgets had already reached breaking-point was sounded by Baron [Seinosuke Goh, president of the Japanese Chamber of Commerce and Industry and one of the outstanding businessmen in Japan, at a dinner riven by the Chamber' in honour of the members of the Okada Cabinet.
Baron Goh stressed the vital necessity of maintaining an equilibrium between national finances and tional defence, pointing out that national defence could not insured only by perfection of armaments. He said that it must be based' exactly on the industrial, economic and spiritual strength of {the nation. He earnestly urged the Cabinet to' pay heed to this point so that national finances and defence might always be well balanced.
Pointing out that Japan was mainstay of Far Eastern—peace, [Baron Goh hoped that the Govern-iment would exert its utmost efforts to obtain a fair and reasonable naval agreement at the forthcoming Naval Disarmament Conference that might insure the safety of the nation. This Jought to be one of the main tasks of the Government, he declared, Turning to the continued issue of ed-ink" government bonds, Baron JGoh said that the administration had made it a rule to cover deficits in the budget for several years by ideating bond issues, adding that all these bonds had thus far been satis factorily digested owing to an increase in bank deposits. Noting, however, that further bonds to the amount of -Y.700,000,000 would shortly be floated by the government for the current fiscal year, he expressed the opinion that the issue of "red-ink" bonds had "almost reached breaking-point."
The Baron hoped that the Govern-iment, while refraining from drastically changing its financial policy, would spare no efforts to bring perfect budgetary equilibrium as the first step towards the restoration of sound national finances in Japan—Reuter.
Tokyo, Oct. 2.
OMicial comment is withheld, as it is generally thought that the' pamphlet does not express the official view of the War Minister, General Hayashi, but embodies only the private ' opinion of press bureau officials of the War Office. Nevertheless, the pamphlet has attracted considerable attention, as it refers not only to national defence policy but also to other internal problems, including security from domestic intrigues, relief for farming and fishing villages, and the control of national Jeconomics. This has never previous~ ly been done by publications issued by the War Ofce—Reuters Paclte
Text read from the printed page and cleaned; old type leaves the occasional error.