London, Jan. 17.
The "Shipping World" understands that the British naval programme for 1928-29 will inclu only two cruisers and also destroyers and six submarines.
The Cabinet's decision that only three cruisers shall be begun in two years instead of the six ipulated in the five-year programme accepted by the Government three years ago will result in the saving of £6,000,000 in the next. four years. This decision means that only two 8000-ton cruisers be laid down in 1928 instead
Text read from the printed page and cleaned; old type leaves the occasional error.