Evening star., 1921-11-17
ARMS CUT IN JAPAN
HAILED AS NEW ERA
First Place in Consideration
Would Be Given to
Education.
HIGH TAX CAUSES UNREST
Business Men Believe Burden Will
Be Lifted and Prices
Reduced.
BY the Associated Press.

BY the Associated Press
TOXIC, November 16.-Striking evil
dence of optimism and the prevalent
tendency to regard the slash in naval
srmaments as an accomplished fact is
TO be found in the discussion now be-
ing indulged in regarding the eco
nomic effect of releasing tremendous
revenue, which could be made avail
able for the development OF educa-
tion, industry and trade. Thus far
the Japanese government authorities
have maintained absolute silence con-
cerning the Washington proposals.
except for general expressions OF ad-
miration for Americas sincerity ana
Of hope for the success of the confer
cnce.
Nevertheless, business men and
bankers. on the supposition that Ad-
1niral Kato'S acceptance OF the pro-
Dosals in principle is conclusive. have
Iegun to plan for a new Japan: The
first place in their consideration is
given to education. More and better
schools of the primary. middle and
high grades are visualized, with con-
seauent relief from the deprivation of
the children of proper facilities for
education.
In Accord With Proposal.
Toyoji Wada. managing director of
the Full Spinning Company and spe-
cial member of the Toxic Chamber OF
Commerce. finds pleasant note in
the Japanese accord with the Hughes
suggestions-that there Will be at
least two hundred millions of yen to
devote to peaceful pursuits. with
armament restrictions accomplished.
In his opinion much of the unrest in
Japan is due to opposition to extreme
capitalism and high prices. The rem
T. lou $oy
creased prices of food and the intelli-
gent expenditure of the surplus reve-
nue. from naval reduction.
MANY branches of industry" said
he. ARE suffering slump at the
present time. Financial aid would
bring a revival which would be bound
to benefit the credit of the nation.
Many thrown out of employment by
armament limitation can be employed
to advantage in Agricultural pursuits
under the peasant proprietary sys-
tenn
kazuye Shoda, former minister of
finance, believes that armament limi-
tation will prove a blessing to hu-
manity generally. Though 1t will
affect shipbuilding, he declares that
the country cannot be expected to
stand back for the benefit of the few.
He would apply the sprulus available
to the reduction of taxation.
Asks Change I'm Plan.
The Hothi Shinfun understands that
Japan will propose at the Washing
ton conference that in the list of
capital ships to be retained by Japan,
as outlined in Secretary Hughes plan,
the Mutsu Ito be commissioned In
December), shall be substituted for
the Settsu, and that the number of
capital ships be increased from ten
to twelve by. the addition of the
Kago and Tosa. now in course of
building. The paper, however, adds
that Gin view of the fact that Amer
lea proposes the scrapping of some
of her own capital ships nearing
completion, it is doubtful If she will
consent to Japan's proposition.
THE navy strongly holds to the
necessity of at least including the
new Mutsu in the list of ten," the
paper continues. Concerning the
limitation of auxiliaries. the plan
does not give a definite ratio, ap-
parently reserving this for future
discussion. If America proposes to
limit the auxiliaries in the same
ratio as the capital ships. Japan will
strongly oppose this. because the
navy requires comparatively more of
this class on account of an unusually
long coast and an extensive defense
zone in The Pacific"