RAEDER: Yes, indeed. He would have had to speed up all naval construction.

DR. SIEMERS: Would not the construction of submarines especially have had to be speeded up?

RAEDER: Yes, of course, particularly because they could be built most quickly.

DR. SIEMERS: How many submarines did you have at this time?

RAEDER: I cannot say exactly. I think about 26.

DR. SIEMERS: If I remember rightly, Admiral Dönitz has already answered that there were 15 capable of sailing in the Atlantic—by the way, there were altogether 26.

RAEDER: Yes.

DR. SIEMERS: Admiral, in the winter of 1938-1939, did you have a talk with Sir Nevile Henderson on relations between Germany and England?

RAEDER: Yes, a very short talk at an evening reception in the Führer’s house, where I stood near Ambassador Henderson and Herr Von Neurath, and wherein the question was discussed—it was brought up by me—as to whether England had not welcomed Germany’s offer to set the proportion of strength at 1 to 4 and would not draw certain conclusions from this reciprocal relationship. Ambassador Henderson answered, without anyone else having brought up this question, “Yes, that would be shown in the future when the colonial question was settled.” I later reported this answer to the Führer in order to use it to maintain a friendly policy toward England.

DR. SIEMERS: We are now at the summer of 1939. Admiral, in the course of the summer, after the speech of 23 May 1939, did you talk to Hitler in view of the generally known danger of war, and what did he tell you?