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Tuesday, 7 June 2016

Italian naval budget for 1913 according to the Dutch magazine Marineblad dated 1913-1914 no. 5

An item reported that the Italian budget over the past year had an important positive result resulting in 43 million lire for the navy on behalf of new building. The naval budget of 180 million lire consisted of the mentioned extra 43 million, 72 million lire ordinary and extraordinary budget and 15 million lire additional budget for building torpedo boats.