Correspondence on subjects including: a request from Lloyd George [Chancellor of the Exchequer] and Churchill [President of the Board of Trade] that McKenna should speed up the shipbuilding programme to help alleviate unemployment in the engineering and shipbuilding industries; Lloyd George's view that cuts should be made in the naval estimates; Churchill's decision (as First Lord of the Admiralty] to select a new Board of Admiralty and new commanders for the Fleets.