British expenditure on the Royal Navy between 1900 and 1905.[1]
1900-01 £32,131,062 7s 3d
1901-02 £33,726,491 10s 11d
1902-03 £34,201,994 4s 8d
1903-04 £39,221,000
1904-05 £42,001,400
This represents a remarkable 31 percent (£9,870,338) increase in the naval budget over the five year period.
[1] HC Deb 29 February 1904 vol 130 c124.
Naval Matters 