The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1901-11-01
JAPANTS FISCAL POLICY
A NEW ISSUE OF EXCHEQUER
NOTES.
The Amount is 100000 Yen and it
Has No Connection With the Foreign
Loan Scheme.

YOKOHAMA, October 21.-The Japan
Gazette publishes the following re-
garding the government fiscal policy:
AS was rumored a few days since,
the second issue of the EXchequer
Notes about which negotiations had
been quietly proceeding between Mr..
Some, the Minister for Finance, and the
leading bankers of Tokyo has been de-
cided to be put in execution and it will
be shortly gazetted. 1t is reported,
however, that this second issue of the
notes has no connection whatever with
the failure or success of the sale of
the foreign bonds. The amount of the
notes to be issued Is fixed at Y. 10000
900. AS to the conditions about the rate
of interests as we'll as the length of
term, more or less negotiation still re-
mains to be held in order to decide
them, but it is presumed that the rate
of interest may be fixed at about seven
per cent and the length of term at only
three or four months. The above mem
toned fund amount to Y. 100000 thus
raised, it is said, will be laid out for
defraying the cost of Government en-
terprises.
The Yorodzu learns of a design of
the House of Peers to interpellate the
Government about it's financial pro-
gram. Though the Government held
meeting some days ago with the re-
representatives. to the six sections of the
Higher House, it disclosed no definite
policy, beside merely stating the pres
ent condition of financial difficulty and
declaring that, should the introduction
of foreign capital be successfully car-
ried out, the three reserve funds could
be replenished, but otherwise, there
would be no surplus of funds to meet
this requirement. Under these circum-
Z ie
sentatives of the six sections to clearly
determine their attitude towards the
Government and considering it neces-
sary for that reason to interpellate the
latter about it's financial policy they
are reported to be about to hold a
meeting at Hoshiga- Okla on the 23rd
inst. in order to discuss Interpolation
items. Those Interpolation items which
are held and contended for by the
Kenkyu Kwai are roughly as follows:
II. Does not the Government intend to
replenish the three reserved funds in
the coming fiscal year? If not, in what
fiscal year does it intend to replenish
them? 2. What is the course of the
Government in regard to the execution
of it's plan about the bonds 4. What
is the amount of the funds loaned by
the Government from the Bank of Jap
an in consequence of the North China
lSturDanceS! b. what is the present
condition of the indemnity and what is
the course of the Government to re-
plenish it? g. Would it be impossible
for the Government to make q read
justment in the War Department at
this juncture of compiling the Budget
for the coming fiscal year? 7. What
is the course of the Government re-
garding the adjustment of the finance
and executive administration? And
does it intend to put such adjustment
into execution before it's. compilation
of the Budget for the fiscal year after
the coming one-the thirty-sixth fiscal
year? Though the above are the inter-
pellation items held by the Kenkyu
Kwai one of the six sections of the
Higher House, 1t is expected that iden-
teal Interpolation items will be adopt
ed by all the sections at their meeting
on the 23rd inst.