London, Apr. 3.
The Japanese delegation to the Naval Conference has issued a Statement confirming Japan's virtual acceptance of the British and American proposals regarding ratios as between America and Sopa The statement contains an important reservation, namely, the assumption that the treaty to be concluded shall remain in force Until the end of 1938, after which Japan will be in a' position require entire. reconsideration of the whole problem.
American naval delegation circles entertain. Tittle doubt that the Senate will accept the agreement between" Britain, Japan and America, Under this agreement Japan will wild Tess than 20,000 tons 9 cruisers, no submarines, and a small number of destroyers.
Senator Reed, who was the principal negotiator with the Japanese Ambassador, Baron Matsudair expressed strong appreciation of, the fine spirit in which Japan and Britain met the Americans, "He said that all the three delegations had been frank and fair, and that nobody showed a disposition quibble, The result, he added, was not a victory for anyone bat an honourable and a reasonable settle rent between the three parties.
'The reservations which were cluded in the Japanese Government's acceptance of the naval proposals forwarded to Tokyo. after negotia tions between the Japanese, Ameri can and British delegations, are not considered to prevent any' formidble obstacles, 'They were discussed at a meeting, of these three delegations "to-day fend as they consist, in effect, of technical details, it was decided to} submit them to' small committee of naval experts, on which the Batis representatives are Admiral Sir
Text read from the printed page and cleaned; old type leaves the occasional error.