Evening star., 1921-11-07
U. S. ARMS PARLEY
DELEGATES AGREE
on NAVAL PROGRAM
Continued from First Page.)

before the international body assem-
bles tended to strengthen this view.
1t may be stated authoritatively
lean attitude and suggestions as to
ways and means of Limitation of
naval armament will be given, for
mally or informally, to other delega-
tions prior to the assembling of the
international conference. The view
was expressed today that such a pre-
limfnary interchange OF views would
lead to what amounted to pre-
liminary conference and that there
was no necessity for such preliminary
discussion, since the coming confer
ence is all that the term implies and
involves the mutual interchange OF
ideas around the conference table
with the expectation that a unani-
nous agreement can be reached. The
conference. 1t was added. from its
very nature, cannot arrive at any
thing but unanimous conclusions and
that fact makes inadvisable. in the
American view, any preliminary in
terchange Of views.
Advisory Committee to Meet.
Tomorrow there will be held the first
session of the advisory committee ap-
pointed by President Harding to aid
and assist the American delegation and
the knowledge of the American dele
gates the views of the American pub
lie on any or all of the matters to be
discussed. 1t Is assumed that a work
ing agreement as to methods Of pro-
cedure through which the aid of these
advisors will be readily available to
the delegation during the conference
will be framed in the course Of tomor-
rows meeting.
Interest is manifested in official and
diplomatic circles over the possible
effect upon the participation in the
conference Of Chinas delegation of
the default OF China upon the Amer
ican loan. II the present unhappy
financial situation is not cleared up
not only would China's credit be un-
favorablt affected, but her position
as a nation be impaired, which would
carry with it impairment of her
status in the conference on far east
In State Department quarters the
hope and, indeed, the belief is en-
tertained that negotiations to take
care Of the loan are even now being
resumed, and. that no untoward re-
suits will follow. 1t is stated posi-
there has net been any suggestion
Of withdrawal of recognition of the
Peking government by the United
States.
Held Technical Default.
When notification came of the de-
fault on the Chinese loan the State
Department took the view that it was
only a technical default and negotia-
tions would be resumed for funding
the loan. A new minister of finance
in China has succeeded the outgoing
minister, and it is thought in Wash
ington that he will proceed at once
upon refunding negotiations.
The State Department made strong
representation to the Peking govern
ment upon the inevitable deplorable
results of permanent default.
While the loan was not made BY
this government, but by American
financiers, the United States govern
ment could not fail to take cog.
nizance of such an official situation
as was created by the default of the
Chinese government.
The judgment in diplomatic circles
is that China will be compelled te
take every measure to clear up this
unfortunate financial condition, as hel
interest in the outcome of the con
ference on far eastern affairs Is rec
ognixed as vital, and 1t is admitted OF
all sides that her prestige in the de-
[liberations would be lessened by con
tinuation Of the default.