Tokyo, Feb. 8.
Regarding the American proposal made at the London Naval Confer-fence to the effect that both Great Britain and America retain 15 and, Japan nine capital ships, while permitting America and Japan to build, one capital ship each in 1981, it is gathered from official quarters in Tokyo that Japan oppose such proposal on the ground that it violates the spirit of the Naval Conference.
The naval catimates for the [coming fiscal year as formulated. by ithe authorities for enforcement aggregate 250,000,000 yen besides supplementary budget amounting to some 7,000,000 yen—Rengo.
Text read from the printed page and cleaned; old type leaves the occasional error.