The Archive · 1938

Expected to Last

WAR COSTS SOARING — Japanese Dependencies Must Share Price

Tokyo, Jan, 8.

At yesterday's Cabinet meeting, Prince Konoye, the Premier, sought an understanding with his colleagues regarding the Four-year Plan for the Replenishment of National Resources on the assumption that the present "China incident" would continue for four years, or that several years more would be required to secure a fundamental settlement of the China question even if the present incident should be settled before long.

"The Four-Year Plan for the Replenishment of National Resources has already been studied by the National Planning Board, and will be worked out in close ce-operation and ce-ordination with the Six-Year National Defence Plan, which was started by the Army last year, and also the Five-Year Industrial Development Plan of Manchoukuo.

The Plan calls for the ce-ordinated development of industrial, economic and financial resources, with special stress on the development of heavy industries.

As decided at yesterday's Cabinet meeting, the counsellors of the National Planning Board, composed of the permanent vice-Ministers of the various departments, conferred this morning to elaborate the Four-Year Plan for the Replenishment" of National Resources which is expected to be completed before January 22, when the Diet will meet again, following the New Year recess—Reuter.

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

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