Continuing, the Note says that 1.M. Government also agree with the explanations furnished by the German representative as to the method of application of this principle, "and proceeds to summarize these explanations, a6 follows:—
1—The ratio of 38 to 100 Is to be a permanent relationship Zait any future general treaty of naval imitation should not adopt the method of limitation by agreed ratios, the German Government wil not insist fon. Incorporation of the above ratio. 19 any future general treaty, provided the method therein adopted "for. future imitation is such as to. give Germany full guarantees that this ratio' can maintained, '3aGermany will adhere to the ratio of 9 to 100 in all circumstances. "For example, the ratio will not be affected bythe construction of other powers. If the general equilibrium of naval arma lon before the "German Government exercise that Hight.
Tait has been agreed that the two governments "will "settle, by common cord, what adjustments are necessary in the allocation of tonnage within cate farles, it. being that "this procedure shall not result in. any sub:
inal or. permanent departure, from ratio of 85 to 100 in expect: of total strengths,
Text read from the printed page and cleaned; old type leaves the occasional error.