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Saturday 28 May 2016

The Italian naval budget for 1926-1927 according to the Dutch magazine Marineblad dated 1926 no. 4

An item referred to the magazine Revue maritime dated April 1926 no. 76 reported that the Italian navy asked for the budget year 1926-1927 a budget pf 1.040.340.000 lire which was an increase of 60.340.000 lire compared with the former budget year. The increase was mainly caused by more wages (19 million lire) and new building (33 million lire).