The measure of naval strength required by any State is determined mainly by the naval strength of its possible adversaries in the event of war, and only in a secondary degree by the volume of the maritime interests which it has to defend. Paradoxical as the latter half of this proposition may seem at first sight, it can easily be shown to be sound. The maritime interests, territorial and commercial, of the British Empire are beyond all comparison greater than those of any other State in the world; but if no other State possessed a naval force strong enough to assail them seriously, it is manifest that the naval force required to defend them need be no greater than is sufficient to overcome the assailant, and would not therefore be determined in any degree by the volume of the interests to be defended. Each State determines for itself the measure of naval strength which it judges to be necessary to its security. No State expects to have to encounter the whole world in arms or makes its provision in view of any such chimerical contingency. The utmost that any State can do is to adjust its naval policy to a rational estimate of all the reasonably probable contingencies of international conflict, due regard being had to the extent of its financial resources and to such other requirements of national defence as circumstances impose on it. Germany, for example, has proclaimed to all the world in the preamble to the Navy Law of 1900 that-- "In order to protect German trade and commerce under existing conditions, only one thing will suffice, namely, Germany must possess a battle fleet of such strength that even for the most powerful naval adversary a war would involve such risks as to make that Power's own supremacy doubtful. For this purpose it is not absolutely necessary that the German fleet should be as strong as that of the greatest naval Power, for, as a rule, a great naval Power will not be in a position to concentrate all its forces against us."