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Show 400 MILLIONS FOR BRITISH 1JAVY INJAR Admiralty Estimate) Shows Intention to Spend Huge Sum LONDON. March II (fly tha Aaae-eiated Aaae-eiated Press.) Ths British naval estimates es-timates for ln-U amount to 441.1M.-4 441.1M.-4 groao and 4ll.47t.44 net. It waa announced by Lord Lee of Fareham. first lord of the admiralty. In a statement explaining tha estimates. es-timates. Lord I-ee said they were baeed on tha government's policy of main- Mining a "one power standard." It la tha duty of tha admiralty to carry out t 'at policy aa economically ae poeelble." Lord Lee'a statement continued, "giving full weight to the special geographical. International and other considerations which have arisen since the war. Thla they are doing in no mechanical spirit, nor with Insistence In-sistence upon numerical equality and recognising the full necessity of reducing re-ducing expenditure to the loweat limits compatible with national aecurity. Lord Lea pointed out that economies Included a reduction In the number of capital ahlpa In full commission from twenty to sixteen aa compared to thir-ty-eight In 1414. |