Correspondence with Admiral of the Fleet 1st Lord Fisher on subjects including: naval estimates; submarine numbers and distribution; American warships; economies to the naval manoeuvres; the attitude and proposed dismissal of Admiral Lord Charles Beresford; Germany's accelerated shipbuilding programme and its effect on the British naval estimates; defence policy; reorganisation of the Home and Channel Fleets; King Edward VII's visit to Russia; Brazilian dreadnoughts; relations with Turkey and Germany; turbine development; an engineers' strike; HMS Indomitable; the success of 12-inch shrapnel; Admiral Sir Percy Scott; Winston Churchill [President of the Board of Trade] and the naval estimates; Beresford's naval enquiry; efficiency of the Home Fleet; Admiral of the Fleet Sir Arthur Wilson's appointment as 1st Sea Lord; Fisher's own departure from the Admiralty.

Other correspondents include: Rear-Admiral Alfred Winsloe [4th Sea Lord]; Admiral of the Fleet Sir Arthur Wilson on servicemen's facilities for voting in the General Election.