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Show OO H S. WILL SAVE BY NAVAL COTS Builders' Claims, However, Will Reduce 8200,000,000 Estimated Saving WASHINGTON, Feb. S (By the At odated Press I A saving of about LMin,ii(Mi .mm for the I n. ted States on tho present building program of the navy will result from agreements r hed at the arms conference, the federal reserve board declared In a statement Tuesday. High naval offl-h offl-h 'v er, were of the opinion that the board's estimate was too high as. it was explained, the scrapping scrap-ping of ships now under construction construc-tion would involve payment of claims to tli- builders which might offset a considerable portion of the savings resulting from halting the building program. THREE STATIONS SA1 E. Limitation of armaments decided upon at the conference will effect Immediately, the board declared, savings sav-ings only In the three countries the United states, England, and Japan whose finances are already In r relatively rela-tively sound condition. Savings in England and Japan, the board esti- mated, would be app oxlmately equivalent equiv-alent to those of this country. In Franco and Italy, however, the board explained, no Increase In naval armaments had hecia contemplated so that their Immediate problems would not be affected. wi l l s (,j ORDERS. Announcement was made that the president had ordered discontinued I work on additional fortifications on the island of Guam and in tho Philippine islands, thus taking nbti of the clause In the naval treaty which fiv s h status eiuo for these i ;u Iflc Islands. The president It was stated, also would order suspended all work on naval craft now building which no destined for the scrap heap under the five power treaty with Great Britain. Brit-ain. Prance; Japan and Italy, Tb tinal order to discontinue such construction, con-struction, however, u,n ,,. ,, ,SK,KM, until the treat la ratified, it was said. Secretary Weeks. Jn furtherance of the president's order regarding the Philippines, cancelled th. orders 'or Bending new guns to replace those in the fortifications there. Secretary Denby also announced thai some military mili-tary equipment, Including mines, des-tined des-tined for Guam, had been ordered ic- turnorl TO snow (.).() mh, Secretary Weeks said the orders had been cancelled an an evidence of tho good faith of this country to carry car-ry out In spirit and letter the provisions pro-visions of the naval reaty respecting the fortifications of Pacific Islands Some discussion of the necessary trength of the armed .forces also do- ' 'loped Al the hit" J louse t v. ,.. said President iiar.iiny believed sum. reductions in the personnel of the army and the pavj would result from Che arms conference agreements, but thai they would be of "reasonable iBlutlvity." The navy. In his opinion, it was lid should not ko below sn,000 ni"ii as the minimum for safety. |