The Archive · 1938

Japanese War Bill Mounts High

Y.4,800,000,000 for Next Fiscal Year Fixed Tokyo, Feb. 17.

'The appropriation for the suppiementary' Army and Navy Budget, which includes the amount necessary fo carry on Japan's military operations in China during the next fiscal year, has been fixed at ¥.4.800,000,000, Says the "Asahi Shimbun" to-day. Of this sum, '¥.400,000 will be raised by taxation and ¥.4,400,000,000 by bond 'After the Cabinet approves the figure at the end of February, the Budget will be submitted to' the Diet, which, it is forecast, will. pass unanimously.

Since hostilities started last July, Japan appropriated approximately '¥.2,500,000,000 for military operations. This amount is expected to be ex-usted by the end of the current financial year on March 31.—Reuter.

Peiping, Feb. 18.

Long pending problems involved trade concessions to Japanese residents in North China were virtually seitied by action of the "Provisional Government" of China, it was announced to-day. Ownership of real estate by Japanese in North China was recognized by the new Govern-

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