Aside from this record sum, Congress recently passed a bill authorize ing the creation of a "two-ocean navy" at an estimated eventual cost of another $10,000,000,000.
Present plans of the Navy foresee:
By 1946-49 a fleet 70 per cent. Jarger than the present one, including 35 battleships instead of the 15 now in service. An increase of the present personnel of 145000 men to 400,000 by 1946. A goal of 190,000 has been set for this year, and about 250,- 000 for the fi year.
Completion by 1942, of a number of new bases, and aerodromes in the United States and its possessions and a considerable increase in shipbuilding facilities,
Text read from the printed page and cleaned; old type leaves the occasional error.