Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-12
Approval of Delegations
Work at London Given in
CabIed Message to Ameri-
cans.
BURIAL OF suspicious
is SEEN BY PRESIDENT
Calls Agreement Great Step in
World Peace and Assurance of
U. S. Parity-Estimates Billion
Economy for This Government
Under Treaty.
BY the Associated Press.

BY the Associated Press.
The abolition of competitive
naval building and a world saving
of approximately $2,5OO,OOO,OOO
are, in the opinion of President
Hoover, the important accom-
plishments of the London Con-
ference.
With the termination of inter-
national rivalry in warship con-
struction, the Chief Executive
foresees the burial of the fears
and suspicious" which have been
its constant product" He pre-
diets that the money saved will be
devoted to reproductive enter
prise and result in a greatly
stimulated world prosperity.
The President has cabled to the
American delegates at London his ap-
prevail of the agreement reached there
and his admiration for their patience
| and determination in an arduous and
olmcult negotiation" In addition, he
wishes to congratulate the representa-
yves OF the four other powers which
| participated in the conference for their
| constructive and courageous action"
Billion U. S. Saving Estimate.
In estimating the financial saving,
Mr.. Hoover compared the sums to be
| spent under the accord with what would
| nave been expended on a basis of the
feet strength proposed at Geneva in
1927. The saving to the United States
alone. he estimated at approximately
one billion dollars.
The cost to the United States of re-
! placements and new construction dur
ing the next six years 3" will be Gun
der various estimates) from $3.50, 900, 900
to 650,0o0000, as compared to a sum
OF between sl,4oO,ooO0o to ST.
64O,OOOOOO to attain parity on the
Geneva basis" the President said. ITO
this latter would need be added the ad-
dltlonal cost of maintenance and OPP
| Grating which would make the saving
| upon the present basis as compared to
| the Geneva basis up to 81 900 00o 600 in
the next six years.
THE savings are not alone to the
United States. but to Great Britain and
| Japan as we'll. The total savings to
the world is perhaps $4,000, 100000 be-
low the Geneva basis to which the
world was steadily drifting. This sum
| devoted to reproductive enterprise, will
be great stimulus to world prosperity
The net result of the London agree
| ment Mr.. Hoover expects to be "a very
considerable decrease" in the worlds
actual naval tonnage as it stands to-
! day.
Nine Warships to Be Strapped.
ut is difficult to estimate the precise
reductions in war craft tonnage which
has been brought about by this agree
ment because of the factor of normal
| replacement and additional tonnage
authorized but not yet constructed" he
said. Nine battleships are to be
Scrapped of total of about $4,000
TONS the replacement of 16 or II others
| to be deferred for six years. The vari-
GUS navies in the agreement are to re-
duce some 100000 to 100000 tons of
other categorieS in the next few years,
as they become obsolete-but some
categorieS of some of them must be in
| creased in order to come up to the
! standards set
Analysing the London agreement, Mr..
Hoover said that it calls for Anglo
American parity on a basis of a bat
| tleship fleet for each of about 100000
tons, with no requirements for six
years; a cruiser tonnage of $4,000, a
destroyer tonnage of 10000 and a sub
| marine tonnage of $4,000 for each.
In connection with the cruiser figures,
Mr.. Hoover pointed out that the Ameri-
can tonnage would be slightly less than
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