FRENCH OFFER COMPROMISE ALLOWING TONNAGE SHIFTS; STEERING BOARD DROPPED; STARTING POINT ATTAINED Year's Notice Is Required Before Making Transfer in Categories. WILL BE STUDIED 3 DAYS Delegates to Meet Tuesday to Report Progress and First Impressions. IN LINE WITH GENEVA WORK Proposal Represents Considerable Advance Toward Meeting Views of British. PRESENT COMPROMISE PLAN. Italians Consent. OFFER COMPROMISE ON TONNAGE SHIFTS Advance Toward British View.
Naval Arms Conf
