Word: budgeting
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...resignation as Finance Minister with the understanding that: 1) China's largest-standing-army-in-the-world (250,000) will be "quickly" reduced to one-half its present strength; 2) President Chiang and the War Office will for the first time conduct military operations on a stated budget; 3) the Finance Minister will in future be consulted and deferred to by the War Office in fixing the sums allotted in the military budget...
...Conference;" reached tentative agreement to cut the military establishment from 1,500,000 to 800,000 men. Last week however, Banker Soong charged that the militarists were making just as heavy demands on the Finance Ministry as ever. They would not consent, he declared, to abide by any fixed budget. He had offered to provide them with $6,500,000 per month, but they would not budget even on that generous basis. For a Soong and a banker there was only one alternative. In his long, closely reasoned letter of resignation, Soong wrote...
...Current expenditures . . . of the Army and Navy constitute the largest military budget in the world and at a time when there is less real danger of extensive disturbance to peace than at any time in more than half a century...
...Last week President Hoover scanned the 1931 Budget estimates. They did not make pleasant reading. They showed that the costs of government are continually mounting. Army, Navy, Postal Service and Public Works would cost $300,000,000 more than they had last year. The figures depressed the Hoover hope for tax reduction...
Mayor Walker responded extemporaneously. For 40 minutes he talked of his boyhood in the New York slums, of city improvements he had started and hoped to finish, of necessary increases in the city budget to give the People better living conditions. To the committee's request he concluded: "This is the answer: Who could...