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12 TABLE I

A new squadron, consisting of four cruiser-battleships and two armoured cruisers, is eventually to be based on Malta, a great place d' armes, in whose well-protected harbour all requisites for docking, repairing, and refitting the largest men-of-war are provided. The Torpedo-boat Destroyer Flotilla is to be increased next winter to thirty destroyers, a new base for small craft is to be formed at Alexandria, and a squadron of six battleships is to be based on Gibraltar, which is also a first-class naval harbour. This squadron is, in time, to be increased to eight battleships. The criticisms levelled against these changes are undeserved. A great naval base at Gibraltar will ensure our communications with India