3. It is, however, our duty to do everything in our power to aid in the expansion of the Army and the production of war material for the conduct of the campaign, and at a certain point only State policy can decide whether naval or military interests are to claim priority.
4. We must make a good bargain for the country; and if these people are financed by Government money to set up great new works and broaden the scale of their business, good arrangements should be made to transfer these works to the Government at the end of the war.
W. S. C.
November 9, 1914.
THE DUMMY FLEET
(Most Secret.)
Secretary.
First Sea Lord.
Third Sea Lord.
Director of Naval Construction.