The memorandum states that past forecasts of strength which His Majesty's "Government made to Germany were given solely for the purpose of implementing the provisions of the 1935 Agreement, No further forecasts will be necessary since they were designed merely to allow Germany to make full use of her 1935 quota, but if Germany is to be no longer bound by the limit of 35 per cent, specified in the Agreement, His Majesty's Government can no longer be bound to their past forecasts of strength, which must, therefore, be considered. to be cancelled.
If Germany contemplates negotiation of another agreement, His Majesty's Government would be glad to receive some indication of the scope and the purpose which he German Government would consider appropriate to such an Agreement, Particularly, His Majesty's Government desire to know.
1. When, in the German view, the discussions should take place; and 2. How the German Government would propose to ensure that any action in the shape of denunciation or modification of the new agre ment during its term of validity should carry the consent of both parties.
Text read from the printed page and cleaned; old type leaves the occasional error.