31 Peden, The Treasury and British Public Policy, 214–15.
32 J. Neidpath, The Singapore Naval Base and the Defence of Britain’s Eastern Empire,
1919–1941 (Oxford, 1981), 103–21.
33 G. C. Peden, British Rearmament and the Treasury, 1932–1939 (Edinburgh, 1979).
34 K. Neilson, ‘The Defence Requirements Sub-Committee, British Strategic
Foreign Policy, Neville Chamberlain and the Path to Appeasement’, English
Historical Review, 118 (2003), 651–84, at 653. This article helpfully reviews the
huge literature on the DRC.
35 Gibbs, History of the Second World War, 93–8.
36 Uri Bialer, The Shadow of the Bomber: The Fear of Air Attack and British Politics
1932–1939 (London, 1980).
37 DRC minutes, 30 January, and 16 and 26 February 1934, and DRC report,
paras. 28–9, 28 February 1934, CAB 16/109, The National Archives of the UK,
London (TNA).
38 DCM (32) 120, 20 June 1934, CAB 27/511; CP 193 (34), 16 July 1934, CAB
27/514, TNA.
39 M. Smith, British Air Strategy between the Wars (Oxford, 1984); Peden, British
Rearmament, 130–4, 151–78, 183.
40 DCM (32), 120, para. 15.
41 G. Bennett, ‘British policy in the Far East 1933–1936: Treasury and FO’,
Modern Asian Studies, 26 (1992), 545–68; G. Kennedy, Anglo-American Strategic
Relations and the Far East 1933–1939 (London, 2002), 123–5, 134, 136–8, 146–8,
173–7, 180–2.
42 C. M. Bell, The Royal Navy, Seapower and Strategy between the Wars (Basingstoke,
2000), 59–60, 77–90, 182–3; G. A. H. Gordon, British Seapower and Procurement
between the Wars: a Reappraisal of Rearmament (Basingstoke, 1988).
43 Peden, British Rearmament, 166. For example, the Admiralty had reserved space
for one capital ship at John Brown’s as early as March 1936, and permission to
start work was given in November that year, although the ship was one of those
authorised for the 1937/1938 financial year; H. Peebles, Warshipbuilding on the
Clyde: Naval Orders and the Prosperity of the Clyde Shipbuilding Industry, 1889–1939
(Edinburgh, 1987), 146. The total displacement of the five King George V class
vessels was 175,000 tons; the Japanese Yamato class, at 65,000 tons each, were
the largest battleships ever built.
44 Bond, British Military Policy, 199–208.
45 Peden, British Rearmament, 40–2, 64–5, 122–3, 137–8.
46 ‘Defence Expenditure in Future Years’, CP 316 (37), CAB 24/273, TNA, paras.
41–4.
47 CP 24 (38), CAB 24/274, TNA.
48 Peden, British Rearmament, 143–4.
49 M. Howard, The Continental Commitment: The Dilemma of British Defence Policy in
the Era of the Two World Wars (London, 1972), 100.
50 G. C. Peden, ‘The burden of imperial defence and the continental commit-
ment reconsidered’, Historical Journal, 27 (1984), 405–23.
51 R. P. Shay, British Rearmament in the Thirties: Politics and Profits (Princeton,
1977); J. Ruggiero, Neville Chamberlain: Pride, Prejudice, and Politics (Westport,
1999).
52 G. C. Peden, ‘A matter of timing: the economic background to British foreign
Policy, 1937–1939’, History, 69 (1984), 15–28, at 17. See also R. A. C. Parker,
‘The pound sterling, the American Treasury and British preparations for war,
1938–1939’, English Historical Review, 98 (1983), 261–79.
53 Peden, The Treasury and British Public Policy, 303–7, 328–38.
54 D. E. Moggridge (ed.), Collected Writings of John Maynard Keynes, vol. XXIV
(Basingstoke and Cambridge, 1979), 256–95, at 275.
Treasury and defence of empire 89