Concluding, Sir Samuel Hoare remarks thal, "with reference to. the reservation in the third clause, HM. Government recognize the right there-set out, on the understanding that the 36 to 100 ratio will be maintained in default of an agreement to the contrary between the two governments.
Gen. von Ribbentrop's reply confirms the terms of the agreement, and adds that the German Government are also of the opinion that the accord will facilitate the conclusion of a general agreement between all the naval Powers, In expressing pleasure at Britain's acceptance of these terms, Gen. von. Ribbentrop declares that the agreement is a permanent and definite one. fective immediately—Wireless and jester.
Text read from the printed page and cleaned; old type leaves the occasional error.