Memorandum from WSC [First Lord of the Admiralty] to the Cabinet, on the Navy Estimates, 1913-14 (Shipbuilding Programme). WSC proposes that an additional 4 destroyers should be provided, at a cost of approximately 500,000 pounds, and also comments on proposed savings of 975,000 pounds in the Capital Ships programme for 1914-15. Includes index of papers prepared in the Admiralty Department. [Printed].