"Only as recently as March 29, 1909, Sir Edward Grey, replying to Mr. Balfour's vote of censure in the House of Commons, was compelled to admit that— "A new situation is created by the German programme. When it is completed, Germany, a great country close to our own shores, will have a fleet of thirty-three Dreadnoughts, and that fleet will be the most powerful which the world has ever yet seen. It imposes upon us the necessity of rebuilding the whole of our fleet. That is the situation."
The Spies of the Kaiser: Plotting the Downfall of England, William Le Queux