JAPANESE NAVY.

Auckland Star, Volume LIII, Issue 161, 10 July 1922, Page 5

JAPANESE NAVY.

THE NEW ESTIMATES. I 1 ; REDUCTION OF £14,000,000. ' FOURTEEN BIG SHIPS \] SCRAPPED. jt (By Cable.— Press Association.— Copyrights |, ■ I' TOKYO, July 7. ! ! A draft of the Xaval estimates for 1933-4 has been completed, providing for • a net reduction from the current esti- ' mates of about seven million pounds. ; The gross cut on construction and maintenance is about fourteen million pounds sterling. The estimates include six million pounds for expenses of scrapping j and construction under the Naval agree- j ment. The estimates are: Ordinary.! 117,000,000 yen (about £11,700.000): arid ! extraordinary. 300.000,001) yen I about £20,000,000)." Reductions In personnel include seven I hundred officers, three hundred midship- j men. three thousand petty officers, and ten thousand sailors. Approximately fourteen capital ships will be scrapped, j Maizuni is reduced to a naval port with i Port Arthur abolished as a naval depot. The elimination of portions of the I planned construction programme will : save 38,000.000 yen in the first year. The I I estimates include an annual expenditure j Jof 750.000,000 for equipping ten cap- I I ital ships, and air and submarine exiplosives and naval aviation: 3,000.000 I yen for maintenance, and 5.000,000 yen I for fuel-oil for auxiliaries under enn- j Istruetion.