London, 10th August.
Lord Selborne, First Lord of the Admiral y, stated in the House of Lords that Lord Goschen's offer tu gradually reduce our armaments by agreement with foreign nations had not been withdrawn, A fow years ago it would have sufficed if France and England had agreed to diminish their navies, but the case is now altered; neither Power can afford to reduce its own expenditure without considering the expenditure of its nrighbours—Exclusive service.
Text read from the printed page and cleaned; old type leaves the occasional error.