PREFACE. WE German Navy Law Amendment Act was passed by the Rcichstag on May first , This is the Iast of the five enactments for the expansion of the German Fleet, and it is the most notable and menacing to her neighbours. It is proposed to add only three large ships, two cruisers and seventy-two submarines to the established strength of the fleet, but the grave feature of the Act consists in the resolve to set up a new standard of naval efficiency. For many years all nations in the interest of economy kept g large proportion of their men-of-war in reserve. Under the impetus of Germany the tendency of administrations has lately been to achieve rapid action--quick transition from the conditions of peace to those of hostiIities. Now the German naval authorities have taken a further step in the same direction, which must impose on Europe the burden of war in times of peace. In future, within four hundred miles of the British Ides, all the most effective ships of the German Navy...

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