Salt Lake Telegram | 1910-12-16 | Page 1 | Japanese Financial Load Heavy

JAPANESE i fiNANCIAL V lOAD HEAVY M Katsura ra An Announces ounces Budget I V and TalKs laiRs of Financial Measures TOKIO Dec Dee 16 The Tho Tho budget fo foi foj 1911 1912 1911 1912 as finally completed was cas an today as follows Receipts ordinary 4 yen extraordinary expenditures e ordinary extraordinary A A. yen cn i is equivalent to to about 50 O cents in American money J Marquis Katsura premier and minis minister ter of finance takes a hopeful the situation He says sars that tho the affairs V I of the current year and tho the financial program have worked This program pro- pro gram ram am will he be co continued u d. d Durin During the year past the government o has as Lad had a particularly heavy bur burden cu to carr carry The na navy J has called for an ait increased expenditure ex ec- ec in order to avoid th the criticism of oC neglect in the face Lace of the an ad advances t made by other powers The annexation of Korea and disastrous floods hae have added materially to the extraordinary expenses V Marquis Katsura la rs these two t V rules as effective in directing th the policy of th the government o First to maintain tho the balance of rere rere- nue and e expenditure in the the mates and not to look to loans as fi financial finan finan- 1 n. n cial resource c Paying O Off Public Debt J Se Second ond to maintain the program program nf It annual redemption of the public debt by an amount pf of y yen yen n or r more I V x Ho He says the tho government o has lias committed corn com m Hed itself to these principles r IB the the- next six years rears 8 y yeu OU eu wil bo O spent in in r supplementing and improve improving ing inK the le na navy nas r millions millions' is ap ap- ap- ap for for forth thE tho n next fiscal seal year car The minister 1 ster- ster says that the conspicuous conspicuous con can innovations adopted bV lv other powers in the types of their the r warships has bas made it for Japan to somewhat t increase its naval expenditures not because of any ny danger dan dan- ger arising from differences with other countries but because the navy of Japan while not endeavoring to compete com corn pete with or surpass those of other nations must be e kept ept up to a mod modern rn standard Incidentally the minister states that Japans Japan's relations with other governments o aro most amicable Next years year's estimate for railways is nearly yen ren This mount Amount is required t. t the e premier says a beca s. s L the determination d t of oft t e V t to railroad ad s systems sterns stems Com Corn lPg eaT the reconstruction of- of f the tue maJ inai Jino ino In into o. o a. a broad abroad gauge e rod d. d tb be rt e A i A loan lonn for this phoe pr probably will willbe be e raised but t Jl b Q in iu the nature of special Account c for for- which h th the railroads will be responsible Tb The tim tini and pla place e of raising this loan will depend wholly upon economic conditions at home borne and abroad