NAVAL ECONOMY
CONSTRUCTION POSTPONEMENT. LONDON, December 30. The “Daily Telegraph's” naval contributor says: Drastic eco'io.mcs are being arranged, under which both •,uew construction and important refitting* of warships will have to be postponed. The licet training programme for 1932 will also be ruthlessly pruned in order to eflect saving in the expenditure on o\), is 55s per ton. This decision is regre-ted. as comes at a time when foreign navies are pfenning manoeuvres on an impuwi g a(J aD Unless the British Fleets hate a reasonable amount of exercise under war conditions, naval efficiency eanno, be maintained.
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Hokitika Guardian, 31 December 1931, Page 5
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97NAVAL ECONOMY Hokitika Guardian, 31 December 1931, Page 5
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