Letter from Admiral of the Fleet 1st Lord Fisher [Chairman, Royal Commission on Oil Fuel] to WSC [First Lord of the Admiralty] with congratulations on his speech [in the House of Commons] on the Navy Estimates; Fisher also encourages WSC to continue putting obsolete guns in merchant ships and comments on the bid by the Standard Oil Company for China oil. [Carbon copy; see CHAR 13/21/51-55 for original].