In 1932, with the country deep in depression, the Supreme Council opted to introduce cuts in spending, including the military budget. The king foresaw that these policies might create discontent, especially in the army, and he therefore convened a special meeting of officials to explain why the cuts were necessary. In his address he stated the following, "I myself know nothing at all about finances, and all I can do is listen to the opinions of others and choose the best... If I have made a mistake, I really deserve to be excused by the people of Siam."