Show NAVY COSTS AST SUM England May Borrow 500000000 to Build More Ships London The British government according to the Dally Telegraph contemplates raising a large loan In Iew of the growing naval competition competi-tion abroad It Is stated that financiers finan-ciers of the highest standing have undertaken to find 50000000 on nominal terms to meet the necessities necessi-ties of the fleet for the next few years without disorganizing the annual an-nual budgets or casting a heavy bur Ien upon the present generation If such a plan Is attempted It will be because It Is impossible to forecast fore-cast the future requirements of the navy until foreign shipbuilding pro grammes have crystallzed and the I setting aside or this fund would be Ji declaration translated Into terms of cash of the countrys Intention to maintain a twopower standard at all costs |