The Archive · 1937

Forces Start Spending

While the Army's and Navy's timates will remain unchanged, both ministries announced—holt Intention to spend ¥.23,000,000 each of this year's -appropriations in the 1938-0 fiscal year, The Cabinet instructed the Ministry of Education to spend ¥.623,000 for preliminary. activity in connection with the planned extension of the compulsory education term by two years, Ordinary revenue for 1937-38 was Axed at ¥.2,044,000,000.. The result ing deflect of ¥.725,000,000 would be covered by the issue of "red Ink" bonds. The budget dratted by Dr. Ellehi Baba, Mr," Yukl's predecessor, provided for the issue of 900,000,000, worth of deficit bonds.

Of the anticipated revenues, Y.5,~ (000,000, will come from increased domestic mail rates, and ¥.16,550,000 from higher tariff levies, The post age rate for letters will be raised from three to four sen, while post cards will have to pay two instead of 1% sen.—Dom

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

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