Britain Curtails Naval Estimates In 1921 22 Plan
Lord Lee, first lord of the admiralty, announced reductions in naval outlays for 1921 22 totaling £21 59 million gross and £7 824 790 net, with plans to replace old ships and maintain training. The government pledges economy while preserving maritime security, including halving some capital ships and withdrawing fleets to lower costs.
MENTIONED IN THIS ARTICLE
Associated Press
Lert Lee
Fareham
Admiralts
Lee Sant
Admiralty
Ford
Geographi al International
Lord Lee
Austalian Commonwealth
Dominion of
Canli
Admiralty urged to prevent navy training and morale decline
Lord Lee warned the admiralty against neglecting training and morale as risks to sea security. He cited estimated reductions in previous year spending and nonrecurrent war liabilities totaling about £8.25 million, including costs for completing light cruisers, aircraft carriers, destroyers, and submarines, with most charges to be settled after 2.
MENTIONED IN THIS ARTICLE
Admiralty
Royal Navy
Lord Lee
Ruined by Wrangel's Fall Declared Bankrupt
Dissizian Brothers a Greco Armenian house with branches in the Near East and New York city were declared bankrupt today with debts estimated at 115,000,000 lire. The assets are placed at 130,000,000 lire. The chief creditors.
MENTIONED IN THIS ARTICLE
Mian
Italy
Dissizian Brothers A
Near East
New York City
Dusittan concern bankruptcy linked to rate shifts and price woes
The Italian and American banks connected group confronts bankruptcy due to unfavorable exchange rates and general price conditions. It was the largest purveyor to Gen Baron Wrangel, whose fall triggered the collapse. The Dusittans own two subsidiary firms not affected, an automotive company in Paris and a steamship company in New York.
MENTIONED IN THIS ARTICLE
America
Baron Wrangel
Antibolshevik
South
Russia
Dusittans
Paris
New York
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