Minute from WSC [First Lord of the Admiralty] to the Prime Minister [Herbert Asquith, later 1st Lord Oxford and Asquith], Sir Edward Grey [Foreign Secretary], and Field Marshal 1st Lord Kitchener [Secretary of State for War], on naval power in the Baltic. WSC points out that the destruction of the Austrian Navy or the accession to Britain's side of Italy and Greece would enable two fleets to be maintained, each superior to Germany, one of which could be placed in the Baltic. [Hand-written, initialled by WSC; typescript copy at CHAR 13/29/113].