Timeout XMLHttpRequest

Question

How can I add a timeout to the following script...
I want it to display text like "Timed Out"

var bustcachevar=1 //bust potential caching of external pages after initial request? (1=yes, 0=no)
var loadedobjects=""
var rootdomain="http://"+window.location.hostname
var bustcacheparameter=""

function ajaxpage(url, containerid){
var page_request = false
if (window.XMLHttpRequest) // if Mozilla, Safari etc
page_request = new XMLHttpRequest()
else if (window.ActiveXObject){ // if IE
try {
page_request = new ActiveXObject("Msxml2.XMLHTTP")
} 
catch (e){
try{
page_request = new ActiveXObject("Microsoft.XMLHTTP")
}
catch (e){}
}
}
else
return false
document.getElementById(containerid).innerHTML='<img src="load.gif" border="0"><br><br><strong>Generating Link...</strong>'
page_request.onreadystatechange=function(){
loadpage(page_request, containerid)
}
if (bustcachevar) //if bust caching of external page
bustcacheparameter=(url.indexOf("?")!=-1)? "&"+new Date().getTime() : "?"+new Date().getTime()
page_request.open('GET', url+bustcacheparameter, true)
page_request.send(null)
}


function loadpage(page_request, containerid){
if (page_request.readyState == 4 && (page_request.status==200 || window.location.href.indexOf("http")==-1))
document.getElementById(containerid).innerHTML=page_request.responseText
else if (page_request.readyState == 4 && (page_request.status==404 || window.location.href.indexOf("http")==-1))
document.getElementById(containerid).innerHTML='<strong>Unable to load link</strong><br>Please try again in a few moments'
}