New York, July 9.
Japanese, who are cautiously: wait ing to sce how the British and Americans will settle their dif An Associated Press' telegram {from Washington declares that the State Department is The Chancellor's Optimism London, July 12. at Gener:
for a 600,000 ton cruiser tonnage in view of Britain's ai proval of the Washington Conference}
In @ speech at a banquet given' to-night by the Lord Mayor to the yankers and merchants of the City, proposal to limit all auxiliary era ft|Mr. Winston Churchill, the Chai to a total of 450,000 tons. cellor of the Exchequer, said th It is emphasize that Mr, Hugh Jeveryone hoped that the Naval Ca ference at Geneva' would reach a Gibson, the American delegate at} Geneva, has been informed that the Jsubstantial measure of agreement, Government at, Was but, if, unfortunately, this should see very little vantage on the way not' be' the ease, none of the three
the cruiser tonnage fixed for Britain discouraged. It might well be that of naval economy to be gained if} great naval Powers ought to be
jand the United States is above 400,- the best we could do would be to (000 tons, but it is denied that thi vig Proceed, step by step, year by year, should be construed as an ultimatum.
With ro 1rd to the British d fre to reduce size of battleships Jeonstructed in accordance with the Washington Treaty from 36,000 tons] it is said that the United States never refused to discuss the question but saw no advantage in taking the matter up at present—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.