London, Mar. 12.
American quartets here this after-oon understand "that drafting committee compos represent tives of Great the United States, Japan, France and Italy will inted to draft a new naval treaty.
pact will incorporate the important "Franco -Ialian naval agreement. It _will supersede the London Naval Treaty of 1930 and will be effective until the end of 1936, subject to a general revision or even abrogation. if the world disarmament conference to be conened at Geneva by the League of Nations next year' is successful.
Thus, the negotiations conducted 0 successfully so far by Bir. Arthur Henderson, the British secretary of state for foreign affairs, and Mr. 'ALY. Alexander, the first, lord the United States may not sign the naval treaty betwoon Great Britain, France and Italy, Mr. Stimson deciares that he sees no reason for signature by the United States, as the agreement was not of ' direct concern Mar. 14, It fg believed in oficial eivelet that the "United Staten wil se capt the: British invitation toe. eepree ented on the Committee which wit Graft the final form of the Britis French and italian" Naval agree THis pointed out, however, that this docy not necesstey mee the United States wil "sign the Pho Agreement is not considered ent
to be the direct concern of Americas "Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.