'These views were approved by Jother high navy chiefs when they met in Tokyo on July 16 and 17 fand, were in turn, submitted to the "Five Ministers' ' Conference" by JAdmiral M. Osumi, Navy Minister, yesterday.
The Conference it was reported, ap-Jproved of the Navy stand, but refused to commit themselves into taking any immediate action. This, diptoms financial difficulties was was because of the
{that abrogation of the treaty would Particularly serious was the finan. cial angle of the problem, for a shipbuilding race with Great Britain and the United States in the event of no substitute agreement being reached Wilhelm Miklas, Prince Rudig von \Starhemberg, the Vice-Chancellor, who has taken over the reins of gov-whom word of their father's death has been kept, went on a speedboat excursion—Reuter.
Reduction of naval armaments should be carried out rationally by. intensively-equipped Powers on their difficult consequences jon, observers stated Reproduced with permission
Text read from the printed page and cleaned; old type leaves the occasional error.