The Chairman of the American Delegation ( Stimson ) to the Acting Secretary of State
[Received February 28—11:55 a.m.]
95. A tentative agreement was reached with the British yesterday, the difference being split at 323,500 tons on total cruiser tonnage. The attempt to limit the size of 6-inch cruisers so far as America is concerned is withdrawn by them, while the Rodney option is withdrawn by us. The modernization of old ships including gun mountings is, by satisfactory exchange of notes withdrawing protests, legalized by them. Of course the tonnage proposed for destroyers and submarines depends directly on Japan and France, but Great Britain and the United States will try to reduce these tonnages as far as possible below our original offer which was sent to you in our telegram No. 35, February 4. We are encouraged by this settlement as being at least a definite step forward, although of course it may be jeopardized or modified by French or Japanese action. It is highly approved by Reed and unanimously by the whole delegation. With the Japanese active negotiations are taking place.
We have received your telegram No. 149, February 26. You will have been reassured as to our attitude on the three-power pact by my telegram No. 80, February 23; we still plan, however, to make strenuous efforts to get the French in.