National Affairs: THE NAVAL RACE OF 1938

Present navies of the U. S., Great Britain and Japan are still approximately what they were under the 5-5-3 treaties. But all three powers have scores of ships already abuilding or projected. The table below shows relative naval power at present and what it will probably be in the future. Britain's submarine program and most of Japan's plans are big secrets, hence the question marks. All three nations have overage ships, ships that are out of commission or demobilized. Figures in parentheses give the number of modern ships of each group actually in...

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