...building becomes a matter of merely internal policy. The provision under the rules for replacement that "the right of replacement is not lost by delay in laying down replacement tonnage" is of special significance. Each nation thus retains its ratio whether or not it elects to build up...

...reduced to two years in the case of any replacement surface vessel not exceeding 3.000 tons (3,048 metric tons) standard displacement. The right of replacement...lost by delay in laying down replacement tonnage. 4. In the event of loss or accidental destruction, a vessel may be replaced immediately: but such replacement...

...the year in which the vessel to be replaced becomes " over-age " ; bat this period is reduced to two years in the case of any replacement surface vessel not exceeding 3,000 tons (3,048 metric tons) standard displacement. The right of replacement is not lost by delay in laying...

...not be laid down more than 3 years before the time when the vessel to be replaced becomes "overage", but this period is reduced to 2 years in the case of replacing surface vessels not exceeding 3,000 tons each. The right of replacement is not lost by delay...

...and not designated above to be disposed of may be retained during the term of the present Treaty. 3. The right of replacement is not lost by delay in laying down replacement tonnage, and the old vessel may be retained until" replaced even though due for scrapping under Chapter II,...

...and not designated above to be disposed of may be retained during the term of the present Treaty. 3. The right of replacement is not lost by delay in laying down replacement tonnage, and the old vessel may be retained until replaced even though due for scrapping under Chapter II, Part...

...before the year in which the vessel to be replaced becomes "over-age"; but this period is reduced to two years in the case of any replacement surface vessel not exceeding 3,000 tons (3,048 metric tons) standard displacement. The right of replacement is not lost by delay in laying...

...be laid down more than 3 years before the time when the vessel to be replaced becomes '" overage," but this period is reduced to 2 years in the case of replacing surface vessels not exceeding 3,000 tons each. The right of replacement is not lost by -delay...

...before the year in which a vessel to be replaced becomes 'over age', but this period is reduced to two years in the case of any replacement surface vessel not exceeding 3,000 tons standard displacement." Thus replacement tonnage for a vessel becoming "over age" on the 31st of December 1936 and exceeding...

...be laid down more than 3 years before the year in which the vessel to be replaced becomes 'overage'; but this period is reduced to 2 years in the case...lost by delay in laying down replacement tonnage. "SEC. II. Kxcept as otherwise provided in the present treaty, the vessel or vessels, whose retention...