Show ENGLISH NAVAL ESTIMATES New Wilt Will Continuo Continue time tho of 01 Economy I London Feb 28 Tho now new govern government government ment having little time In which to frame framo a new flow naval budget has hall practically adopted Ho lIa predecessors sors esti estl estimate mate thus thu continuing time the policy of oC economy already initiated and Ind con Justified by b tho the altered cir dc circumstances resulting from the Husa Japanese war Will In III view of ot tho time destruction de truc then lion of ot tho the Russian Hussion sea sen power tho the An se alliance and tho Anglo French I entente the government con It possible without detracting from room efficiency to call a 1 halt In imi tho the constantly Increasing naval expendi expenditure ture Lord Cawdor last December foreshadowed n a 1 reduction of ot 1500 00 and thus with the tho reduction of o effected last year a n total of ot In is I knocked ort oft tho the naval expenditure In two years Tho The govern overn government ment gives no flO detail of at tho the now pro program gram but It Is understood under that tho time projected four Cour armored vessels will bo ho belarge largo large battleships presumably of or the tha class clau Tho The naval esti estl estimates mates it for or propose a net total expenditure ot of being 12 l less than tho the estimate estimates for tor the tha present fiscal year n |