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THE BATTLE OF TSU-SHIMA
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obvious moral is the vital necessity for the most careful study by the clearest available brains before translating any so-called lesson of war into national policy. In a single year a navy of the magnitude of our own may be committed to many millions of expenditure, the result of which will affect its fighting efficiency for nearly a quarter of a century. The vital need for caution and for profound study of all such experience as is forthcoming is, therefore, evident.

The battle of Tsu-shima is by far the greatest and the most important naval event since Trafalgar, and the navy which is able to draw the most accurate conclusions, technical as well as tactical, from its experiences and to apply them in terms of policy and of training