The Naval Conference and its Background The Conference survives. Tokyo
has in substance accepted the figures agreed upon by the Japanese and American delegates. Japan obtains thereby her ratio of seventy per cent. in light cruisers and destroyers_and equality in submarines, to the-tune sof 52,000 tons: For the period of the London Treaty Japan agreesto.a sixty per cent. ratio in eight-inch gun ,cruisers; this. eing without prejudice to her abstract claim to the seventy per cent. ratio after 1935. A Three Power. Pact is thus assured.- The centre of interest, however, still lies in the political differences between Great Britain and France. The French persevere in their endeavours to fasten upon this country the obligation of armed support in the event of France being attacked by'another Mediterranean Power. The British maintain, not less stedfastly, that " a Mediterranean Locamo is out of the question." • * ' * *
