CABINET RESIGNS.

Auckland Star, Volume LXIII, Issue 115, 17 May 1932, Page 7

CABINET RESIGNS.

Emperor Invests Successor to Mr. Inukai. VISCOUNT TAKAHASHI CHOSEN TOKYO, May 10. Korekiyo Takahashi was invested Prime Minister of Japan in the presence of the Emperor this morning. The Emperor later received the Cabinet's resignation, but ho commanded Korekiyo Takahashi to continue in the meantime.

The Minister of War and the Naval Minister, however, holding themselves responsible for the outbreaks of \ iolence, insist that they should not remain in office in any Cabinet.

The spokesman for the Foreign Office deprecates fears of serious national developments and considers tlie outrages are the work of reactionaries without important numerical support.

Korekiyo Takaliashi, who is iS years of age, as a young man was sent to be educated in America at the expense ot the Samurai clan. There lie was swindled out of his allowance, so that he had to earn bis own living as a servant until two years later he was able to return to Japan. Thanks to his knowledge of English. lie got a post as a teacher, then he began to make translations for a Tokyo paper, and obtained similar work in the Ministry of Education, and later in the Ministry of Trade, where, m two years he rose to be head of the i atcnt Office. In the 'nineties a German swindler told him a tale of a silver mine in 1 em. Takaliashi resigned bis Government post, borrowed money, went to Peru, found the mine, but no silver, and had to return home humiliated. He decided to retire into private life, but his friends were determined that his abilities should not be lost to the State. He was given a small post in the Bank of Japan, and in a few years became vice-president ot the Specie Bank, and then of the Bank ot Japan itself. During the Russo-Japanese war he was sent by the Government as its financial emissary to England and America. In 1011 he was appointed governor of the Bank of Japan.

After having held several Ministerial posts Takaliashi became Prime Minister, following on the murder of Sir. Takashi Hara, but resigned in 1922, his attempt to reorganise the Cabinet having resulted in a split. He resigned his peerage in favour of his son, and his seat in the Upper House to contcst a constituency in 1924. in which year he became Minister of Trade and Agriculture in the Kato Cabinet. Next year he resigned the leadership of the Seiyukai Party, and retired from politics. When, however. Baron Tanaka took office on April 20, 1927, after the Suzuki crash, Takaliashi was bis Finance Minister. His acceptance of the post was regarded as a demonstration of patriotic devotion.