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On the whole, however, Lord Cushendun was much impressed by

what had been accomplished. He pointed out that the British Navy had been reduced by 48,708 men, comparing January, 1928 with July, 1914. For the same dates the reduction of tonnage had been 847,118, and 239 ships of war had been scrapped. If comparison were made with the conditions at the end of the War, the reduction bad, of course, been much greater—a reduction of 2,189,516 tons.

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