Word: budgets
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Dates: during 1930-1939
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With the Navy League growling behind him and jingoes in Congress snarling ahead, President Hoover last week whipped his Navy budget into final shape. Its total: $343,000,000. (This year's expenditure: $360,000,000.) Secretary Adams had first carried to the White House naval estimates totaling $401,000,000. Where and how the President proposed to effect $17,000,000 economies remained a secret which, as a matter of governmental courtesy, he had to save for Congress next month...
Intensive budget-pruning again occupied most of President Hoover's week.. To the Press he proudly exhibited a handful of new cuttings he had snipped off the Government's colossal expenditure bush. He had reduced the cash requests of all departments by $350,000,000. "Every item has been cut," said he. This meant, he explained, that the 1933 Budget would go to Congress next month with a total of $280,000,000 more or less, below current expenditures of $3,960,000,000. Where this $280,000,000 saving would occur President Hoover did not specify...
...Budget cuts will not interfere with the buildiing of seven cruisers, one aircraft carrier, three submarines, five destroyers. Only the construction of six destroyers has been temporarily postponed. The U. S. has larger naval tonnage now under construction than any other power...
...monocle of his Peace-Prizing halfbrother, Sir Austen, nor the blatant orchid boutonniere of their late, great father "Old Joe." Neville used to be Lord Mayor of Birmingham, the Chamberlain family bailiwick. Once before he was Chancellor of the Exchequer but so briefly that he never brought in a budget (TIME, April 13). Recently, as Conservative campaign strategist, he rolled up the greatest party ma- jority in British history, won his right to demand the Exchequer as his Cabinet plum. Prime Minister MacDonald, a life-long free trader, knows that Chancellor Chamberlain will buckle a tariff belt of some sort...
...culled from the official journal of the League of Nations naval budget figures which indicated that while Great Britain was spending $242,850,711 on her navy, the U. S. was spending $553,378.505. Flaying the W. P. F.'s "confusing statistics haphazardly interpreted," Secretary Adams issued a long statement with tables and diagrams to show relative naval expenditures. The U. S. spent $375,291,828 on its Navy last year, he said, whereas "the British Empire" put out $349.927,670 which did not include naval aviation. He harped on the higher costs of naval construction...