Japan’s Big War Budget
ONLY ONE-THIRD OF TOTAL YET RAISED
United Press Association— By dectrla Telegrap a.—Copy riant. TOKIO, Feb. 17. The Finance Ministry has fixed the supplementary army and navy budget at £282,000,000, according to the Asahi Shimbun. Expenditure on the China campaign to March 31 is estimated at £149,000,000. It is calculated that this will be increased to £432,000,000 by March 31, 1939. The campaign is being financed by bonds to the value of £257,000,000 and also by increased taxation. The London Times correspondent at Tokio says: “With the addition of the supplementary budget, expenditure on the Chinese campaign exceeds the entire national debt in 1932. Only one-thir*' of the total has yet been raised.”
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Manawatu Times, Volume 63, Issue 42, 19 February 1938, Page 7
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117Japan’s Big War Budget Manawatu Times, Volume 63, Issue 42, 19 February 1938, Page 7
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