25 May 1934. 
                                             T.S.W.
 
Memorandum of General Board discussion on 1935 Conference.
 
 
               The following points were brought out at most informal discussions on 23 and 25 May:
 
                         Ratio of 5:5:3 should be established throughout all categories; reasons - Mandate
Islands - Philippines.
 
                         Adhere to 35,000 tons, battleships size (or 33,000(?) improved NEW MEXICO);
accept reduction to 14-inch guns if necessary.
 
                         Adhere to 10,000 tons, cruiser size; abolish sub-categories; freedom of
construction as to gun battery up to 8-inch - no discriminatory tonnage ratio against 8" ships.
 
                        No limitation of airplanes except as occasioned by limitation of parent vessels.
(Decline discussion of airplane limitation. )
 
                         Net reduction is desirable for public interests but an increase in one category, for
example, cruisers, is satisfactory if over-balanced by reductions in others.
 
                         Reduction of total tonnage of battleships to a minimum of 420,000, as ultimate
concession.
 
                         Destroyers can be scrapped somewhat, due to present increased number of
cruisers assuming own duties formerly assigned perforce to destroyers.
 
                          Reduction of submarines will also permit reduction of destroyers.
 
            Submarines can be reduced without limit.
 
            Except for submarines, no new ships should be scrapped.
 
                         A 20 per cent reduction throughout all categories would appear feasible without
affecting the newer and more valuable vessels.