Extract from New York Herald Tribune - May 27, 1934:
 
               "Five-Point Plan Outlined
 
               "The policy which Foreign Minister Koki Hirota will submit to the
 Cabinet for its approval next Tuesday is said to contain the following provisions:
 
              "1. Discussions shall be restricted to naval matters only, with all political matters
excluded. Japan will emphasize the principle of equal armaments, with each nation determining its
categories according to its needs, and also will emphasize the necessity of reducing offensive
weapons like aircraft carriers. The Japanese further will stress the principle of permitting nations
ample defensive weapons but restricting them to a power sufficient for any nation to wagean
offensive naval warfare.
 
                        "2. Re-examination of tonnages, probably with special emphasis on the total rather
than categories.
 
                        "3. Re-examination of regional naval needs, with attention on Pacific, North
Atlantic, South Atlantic and European waters.
 
                        "4. Total abolition of whatever offensive weapons that can be dispensed with.
 
                       "5. Continuance and enlargement of the non-forfeited areas mentioned in the
Washington treaty. It is expected that Japan will seek to include Singapore and Hawaii among the
unfortified areas, with Japan making certain compensatory offers in return."