A secret war is being waged by heavy industry and the Junkers against Marshal Goering, economic dictator of the Third Reich. The first round was won by the Marshal when Dr. Hjalmar Schacht, Minister of Economy, had to resign, being res placed by Dr. Walter Funk.
London, Feb. 7.
Britain's Navy Estimates, to be introduced at the end of next month wil provide, says the Naval Correspondent of the "Daily Telegraph" to-day, for additional battleships and cruisers designed within treaty limits—35,000 tons for the battleships and 8,000 tons for the cruisers.
Alternative plans for larger and more powerful types have also been prepared, however, the correspondent declares. These will be adopted if Japan's reply to Great Britain's Note asking for assurances that she is not building over-size battleships, is in any way unsatisfactory.
It is understood, the correspondent says, that it is proposed to lay down from three to five battleships during the summer and autumn.
It it becomes known that Japan is constructing vessels above treaty limits, this year's British battleships will exceed 40000 tons, and will mount a formidable armament of 16-inch guns.
In the same eventuality, the new cruisers may be ships of 10,000 tons with eight-inch guns.
The correspondent adds that in British naval quarters it is believed that Japan has already on stocks two battleships of more than 40,000 tons, and that two further units are about to be laid down.—Reuter.
LI
H.M. ENVOY DISCUSSES
Text read from the printed page and cleaned; old type leaves the occasional error.