The crux of the discussions was, as usual, the cruiser
class. It may be said at once that the differences between the two countries in this matter have been narrowed down to such a small margin that ultimate failure to agree need not be contemplated. The margin still under dispute is confined to three cruisers. It is extremely satisfactory to know that the Lords of the Admiralty approve of what is proposed. Great Britain would be content • with a total cruiser tonnage of 339,000, comprising 15 cruisers of about 10,000 tons carrying eight-inch guns, and 35 cruisers of about 6,500 tons carrying six-inch guns. The number of British cruisers at present built or being built would be reduced by the year 1936 from 58 to 50. America asks for a total cruiser tonnage of 315,000, comprising 21 cruisers of about 10,000 tons carrying eight-inch guns and 15 cruisers of 7,000 tons carrying six-inch guns. Great Britain hopes that the 21 American cruisers of the largest size may be reduced to 18, and that America will accept in compensation four smaller cruisers carrying six-inch guns. An alternative British proposal is that if America insists on the 21 cruisers of 10,000 tons, three of them should carry six-inch instead of eight-inch guns.
