It must be realized that air attack against shipping will be limited to comparatively narrow waters. Craft in mid-ocean will have little to fear beyond a sporadic raid by one machine catapulted from a hostile warship. The English Channel, the Thames Estuary, the Straits of Gibraltar, the area round Malta are typical narrow seas in which anti-air defence measures will be vital. And it is for work in such areas that the Admiralty is producing flotillas of "floating batteries" by converting our older cruisers and destroyers into anti-aircraft ships The first converted cruisers carry ten 4in. A-A. guns and multiple pom-poms, but it is expected that as larger types come to be taken in hand an even heavier battery will for the suppression of other peoples."
As "The Times" Berlin correspondent says, halfasmuch as that written about Germany by a British journalist would have brought outraged demands for an apology, and this is by a member of the Government! German invective strikes us as a little is to guess the vestments fell from £84,865 to £2,149. The net profit for the year was £637,- 588 compared with £2,484,260 in 1937.
Text read from the printed page and cleaned; old type leaves the occasional error.