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Premier Reijiro Wakatsuki smothered last week the loud jingoist demands of his Minister of Marine (TIME, Nov. 8). As a result of compromise, the Navy's demand for an additional budgetary outlay of 122,400,000 yen ($60,000,000) was clipped, and a five-year building program substituted during which the following ships will glide down the ways: four 10,000-ton cruisers; sixteen 1,700-ton destroyers, one 2,000-ton submarine; four 1,700-ton submarines; and three river gunboats...
While the development of military and naval aircraft is being proceeded with in secret, no less than 11,200,000 yen ($5,600,000) was included in the budget last week for the purpose of subsidizing and developing commercial air routes alone...
Reflections such as these moved the Minister of Marine to say last week: "Our budget for the year balances at 4,077,960,000 yen ($1,999,000,000). Of this only 469,200,000 yen ($230,000,000) is appropriated to naval replacements. . . . Remember that Germany's defeat was due to an economic blockade! . . . We ask only 122,400,000 more yen ($60,000,000), this year, to replace auxiliary craft now ready to be scrapped. . . . Surely Japan is not so poor that she cannot pay this sum to maintain her present fighting strength! . . . The dawn...
...long completely solitary hunting trips. He was shocked at the squandering of money on his portrait, for he himself spends every copper sen (.005c) with the utmost circumspection-and once squelched attempts to start a popular subscription from which he would hava received 1,000,000 yen...
...youth under circumstances of good omen. Conferees Swelter. With the approach of Peking's blistering summer the delegates of the nine Washington Treaty Powers, assembled at Peking (TIME, Nov. 2), grew not unnaturally restive last week. The Chang-Wu-fostered Premier of China, Dr. W. W. Yen (TIME, May 10), resigned early in the week, abandoned the farce of pretending that he and a handful of informal advisors constituted the Government of China. Why should the Nine-Power delegates to the Customs and extraterritoriality Conferences (TIME, Dec. 28, Feb. 1) swelter in Peking all summer, since there existed absolutely...