Jan, 15, Viscount Bridgeman, the First Lord of the Admiralty in the late lead to competition." "There are} three ways," he pointed "out," in which the problem of Naval reduction may be approached. Firstly] by the reduction of fleets in being, secondly, by the reduction of the programmes sanctioned by the }various Governments and, thirdly, by the extension of the"lives of existing ship.
"In regard to battleships, the Washington Treaty left their age at 20 years. If that life can be extended at the coming conference 25 years," said Mr. MacDonald, "the result will be equivalent to a reduction. As to cruisers, the prolem is largely that of distribution try to make the conference a 'The United States Secretary of State declined to discuss questions' [which may arise at the Conference. He expressed the happiness of the American delegates and all their countrymen that His Kajesty the King had sufficiently recovered from his illness to be able to address the opening session of the Conference.
Text read from the printed page and cleaned; old type leaves the occasional error.