Subjects include: Fisher's disgust at being out of the Admiralty; the waste of resources on various expeditions, including Salonika [Thessaloniki, Greece]; support from Sir Francis Hopwood [Civil Lord of the Admiralty, later 1st Lord Southborough]; the impossibility of getting rid of Herbert Asquith [Prime Minister, later 1st Lord Oxford and Asquith] and Arthur Balfour [First Lord of the Admiralty] and Fisher's expectation of a naval disaster; the ships tied up in the Mediterranean when they were needed by Admiral Sir John Jellicoe [Commander-in-Chief, Grand Fleet] at home; how Winston Churchill should have remained in Government; meeting Queen Alexandra; the sinking of the White Star liner Cymric; David Lloyd George's cowardice in not ousting Asquith; Fisher's fear of being the scapegoat for the failure of the Dardanelles Campaign; the Dardanelles Inquiry; Fisher's respect for Churchill's fighting spirit; universal suffrage as a way of getting rid of the Government; Jellicoe's shortage of destroyers and hopes for the new battle cruisers; danger to the food supply from the submarine menace; the threat from German spies; moves against Balfour; Fisher's not being invited to form part of Lloyd George's new Government; avoiding a clash with Jellicoe, the new 1st Sea Lord; improving relations with Churchill.

Also includes: a request from Sir Maurice de Bunsen, Assistant Under-Secretary of State, Foreign Office, for Fisher to give an interview to the American press; a letter from Admiral Sir Eardley Wilmot asking Fisher to take charge of an air fleet; a letter from Nina, Duchess of Hamilton, forwarding copies of letters from Fisher to Sir Maurice Hankey [Secretary to the War Cabinet] on the Dardanelles Inquiry; a letter from Lambert on evidence for the Inquiry.