The Archive · 1937

JAPANESE BUDGET IS SLASHED Army and Navy Costs Not Reduced

Tokyo, Feb. 12.

The Cabinet to-day formally approved the revised Budget for 1937- 38 submitted by the new Finance Minister, Mr, Toyotaro Yuki.

'Mr. Yukl's Budget represents reduction of about ¥.200,000,000 compared with that of his predecessor in the Hirota Ministry, Df. Bllchi Babe, Expenditure totals ¥.2,704,500,000 made up as follows' (in ¥.1,000)

Imperial Houschotd Foreign arnee Overseas Alfalre 2202200000 23000 "The principal reduction occurs in the Home Oflce vote, -which was placed at over ¥.420,000,000 in Dr. Baba's budget.

'The votes for the Aighting services remain' substantially unchanged Reuter.

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

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