I do not hesitate to say that the limitation on naval craft between the great naval powers was too high.
There are but few naval powers, but there are many land powers.
I know of no more important subject to the peace of Europe and the world than the reasonable reduction of armaments, especially in Europe, and of naval armaments throughout the world.
France and Italy have not yet signed this treaty or agreed to naval limitation as between those nations, but I have confidence that in time they will do so.