The new German Naval Estimates were presented to the Reichstag
on Monday. The Times correspondent says that recurring ordinary expenditure amounts to 28,360,642, or 2493,916 more than a year ago. Non-recurring ordinary expenditure amounts to £13,200,141, or 2371,727 more than a year ago. These figures, together with extraordinary expendi- ture to the amount of 2966,995, give a grand total of 222,527,778. The amount of expenditure to be met out of loan is 24,486,000. The votes for "construction and armament of ships" amount to 212,513,650, or £336,150 more than a year ago. The correspondent also gives in Monday's paper a summary of the forthcoming German Army Bill. The present strength of the Army, on a peace footing, is 505,839. By 1915 this number will be increased to 515,321. Of this increase of 9,482 men, 7,000 will be supplied by Prussia.
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