London, July 28.
The optimism caused by Sir Austen Chamberlain's guarded star ment in the House of Commons on Tuly 96 was discounted by the unfavourable reception given his speech by Washington: hence the Aisagreement between Great Bri and the United States has not caused surprise in London, notwithstanding the fact that much store had hitherto been set on Mr. Hugh Gibson's hint on July 13 regarding American amenability to agreement provided Britain and Japan agreed on the figure for large cruisers), which connexion it is noteworthy. that the latest British proposals follow the broad lines of the earlier Authoritative opinion gathered by Reuter is that the disagreement though unfortunate is in nowise tragic: there is no intention on the part of Britain to build more ships than she considers essential and, hoven if there is no limitation treaty, there will still be limitation aetually.
Text read from the printed page and cleaned; old type leaves the occasional error.