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the American reply. A rejoinder to that reply
might provide a convenient opportunity for a
narrative of the events which had led up to the
present position and for an exposition of the
Government's policy.
Comment was made on the unfortunate results
of recent attempts to promote reduction and limită-
tion of armaments by the method of International
Conference, which had sometimes resulted in rather
bitter controversy.
The suggestion was made that
progress was more likely to result from the present
conditions of financial pressure and the steady
increase in international security.
The Cabinet agreed
M
That it would be advisable to await the American Note before publishing the Anglo-French proposals, and that it would be inadvisable for the Prime Minister to refer to the matter in his forthcoming speech at Yarmouth, although, if circumstances rendered this course desirable, it might be useful for him to refer to it in a
later speech, e.g., at the Cutlers'
Feast at Sheffield.
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