3 MARCH 1928, Page 1

At Washington the new Naval Bill was introduced into -the

House of Representatives on Tuesday by the Chairman of _the Naval Affairs Committee. It provideS for fifteen cruisers and one aircraft carrier, to be constructed during the .next . three years, five cruisers a yell. The cost is not exceed $17,000,000, each vessel, presumably; the estimated cost of a - 10,0004bn cruiser: Thu President may suspend all or any of the construction " in the event of an international agreement for the further limitation of naval armament, to which the United States is a signatory."