Part of Report by Hugh Watson, Naval Attaché at the British embassy in Berlin, 12th March 1913.
Crown copyright. Reference: Churchill Papers, CHAR 13/19/44-6.
"But I feel sure that the pendulum of opinion has by no means at present turned irretrievably against the German Naval expansionist Party. But it is, I consider, turning slowly against them, and will continue to do so as the result of steady quiet Naval pressure by England.
The Naval authorities here have begun to make sacrifices to the Reichstag, and from what I hear it would appear that more rigid economy is being enforced in all branches of the Naval administration, both in Berlin & in the Fleet, as the direct result of the difficulty of obtaining money. But the time is not yet."