asked the Prime Minister if the British Government in discussions at the Naval Conference or in the United States, have based parity in naval strength with the United States upon tonnage and gun power only; or whether they have considered the principles of the French memorandum of parity based upon commitments and trade and sea routes?

Both in the informal discussions here and in the United States, and subsequently in the negotiations at the London Naval Conference, all relevant factors have been taken into consideration.

Will the right hon. Gentleman bear in mind that parity on any other basis than the commitments in respect of trade of this country can only be to the detriment of this country?