Word: baltic
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...Besides an Army, she had built a Navy of 18 warships; built a merchant marine from nothing to 112,600 tons; built the port of Gdynia on the Baltic from a town of 400 in 1923 to one of 150,000 in 1939; purchased 6,000,000 acres from large landowners to create 700,000 new farms in a broad and progressive program of land distribution...
...small-calibre firing sounded for 14 hours. But the British Admiralty said it knew of no naval engagement in the area. So the "Second Battle of Jutland" remained a mystery. But it revived talk that perhaps some day soon the British would try to force their way into the Baltic, to cut off Germany's seaborne supplies from Scandinavia and Russia, perhaps to land troops on Germany's northern coast...
...before the British War Council in 1914. They were offered as an alternative to the Dardanelles Campaign for attacking Germany from the rear. They were drafted by John Arbuthnot, Admiral Baron Fisher of Kilverstone who proposed a fleet of 612 shallow-draft boats, mostly transports, which would transit the Baltic approaches at whatever cost and land Russian troops picked up at Riga, on the Pomeranian Coast. The transports' passage around Denmark would be protected by the British Fleet's engaging the German Fleet...
Lord Fisher's biographer represents the Germans as scared to death in 1914-18 that the British would force the Baltic Gate, which they considered weak. He says they derided the British Navy's stupidity for not attempting it. It is not likely that such sentiments prevail now in Berlin or that a British naval attempt at the Baltic will be seen in World War II. Though the German Navy is this time far weaker (42 ships v. 254 for the Allies), this time the Russians (with 28 more ships) cannot be counted on to join a march...
...held at 3¾, but the export rate was upped from 3¾% to 5%. Reductions on British shipments, underwriters pointed out, reflected the belief of marine experts that the British convoy system had begun to function with more efficiency. But on shipments to and from Black Sea and Baltic Sea ports rates were quoted on application only...