Competition on the part of other naval Powers compelled Japan further to expand the second programme and in July, of the same year, an addition was announced of one aircraft carrier of 10,000 tons, one cruiser of 8,500 tons, seven destroyers and three-aircraft squadrons. The total cost of the second. programme came close to Third Replenishment Programme was initiated and a new five year building programme was incorporated in the budget figures presented to the Diet. This last programme called for an expenditure of close to Y.1,200,000,000 including over /Y.800,000,000 for new naval construction. Officially, details háve been kept very secret but it is believed the programme was for the construction of four 40,000-ton battleships, armed with 16-inch guns, two aircraft carriers and à number of cruisers, destroyers and submarines in addition to a further important increase in the strength of the Naval air-forge.
The new programme is to supplement this Third Building Programme Gracefully slenderized. Holds more ink... Television Barrel "At home"in the best pockets everywhere. Used by discriminating men and women in all parts ofthe world. Parker Vacumatic's fine writing performance has made it the outstanding leader among fountain pens. One enthusiastic user, has told another about Parker Vacumatic—until today it means just one thing—"'the finest pen that can be bought."
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Text read from the printed page and cleaned; old type leaves the occasional error.