Both countries would view the building of German military strong points overseas as a threat to their overseas communications, as a security measure for German commerce, and retrospectively a strengthening of the German position in Europe. England is not in a position to cede any of her colonial possessions to us owing to the resistance which she experiences in the Dominions.
Ambos estados se opondrán a un mayor refuerzo de Alemania, tanto en Europa como en ultramar, y en esta oposición tendrán el apoyo de todos los partidos.