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In regard to the naval portion of the interview we

will only say, as we have said elsewhere, that we have no quarrel whatevar with the Emperor's claim that Germany has a right to build as many ships as she likes without being dictated to by us or any other Power. That is a view which is never seriously challenged in this country. We should like to point out, however, that if Germany is thinking so very much of the Far East while making her preparations, it would be wiser for her to give her ships an increased coal capacity. At present the designs of the German battleships render them useful for action in home seas rather than in distant oceans.

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