Iron County Record | 1927-04-22 | Page 10 | Tokio Cabinet Resigns Office

Cabinet Resigns Office The The cabinet headed beaded by liet- liet as premier resigned This action was taken as a result atthe ot of the privy councils council's rejection of the governments government's decision to give substantial substantial tta aid to the flank Dank of Formosa There The Tho re resignation of ot tho the cabinet la is expected to precipitate a 11 financial cries although although al nt though the of ot the Dank flank of Japan have decided on their own responsibility re roo to offer some lomo emergency aid In tn an effort to prevent the Bank Dank ot of Formosa Formola from closing The privy council disapproved 1 the governments government's proposal imperial ordinance to aid aliI the tho I n t ft w. w w u ors believed the tho measure measure unconstitutional The emperor has ordered Premier Pre Pro I Imler mier to continuo continue In n office until his hili successor is appointed After long conference s of the leading banks a agreed reed to provide temporary temy tem assistance to the bank Concrete proposals however have bave not yet et boon been formulated Announcement Announcement An An- was made that the Bank Dank Dankof of Formosa otherwise known n as the Dank flank of Taiwan will suspend nd business for tor three weeks except headquarters office and branches branched in tn Formosa