Success at the coming conference will result in a large decrease in the naval equipment Of the world and, what is equally important, the reduction of prospective programs of construction which would otherwise produce competitive building to an indefinite amount.
Joint Statement Following Meetings With British Prime Minister MacDonald.
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The details of this estimate, the necessity therefor, and the reason for its transmission at this time are set forth in the letter of the Director of the Bureau of the Budget transmitted herewith, with whose comments and observations…
I propose that the arms of the world should be reduced by nearly one-third.
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