Passage Sought First: Cuts Promised Afterwards Tokyo, Feb: 4.
The Cabinet this morning approved the proposal of the Finance Minister, Mr, Toyolaro Yuki, to re-submit his] predecessor's Y¥.2040,000,000 budget the Diet immediately after the Te-sumption of the Diet session.
In asking the parliamentarians' approval_of the colossal expenditures, both Gen, S. Hayashi, the Premier, and Mr. Yuki will emphasize their determination to slash the record budget after its passage by the Diet, Conviction, however, persists in financial elreles here that Mr. Yuki will eave untouched the appropriations for defence which exceed 46 per cent. of the total national expenditures, Parliamentary circles to-day ex~ pressed their belief that the current Session would be extended beyond March 25 to permit the passage of all important bills, which include a measure providing for the increase Ju taxes on income,
Text read from the printed page and cleaned; old type leaves the occasional error.