France's position is different to-day. It is the first military Power without a serious rival on the Continent. It is almost entirely protected by its southern frontier against Spain and Italy. Against Germany it is safeguarded by the prostrate condition of our country. A long stretch of its coast-line faces the vital nervous system of the British Empire. Not only could French aeroplanes and long-range batteries attack the vital centres of the British system, but submarines can threaten the great British commercial routes. A submarine campaign based on France's long Atlantic coast and on the European and North African coasts of the Mediterranean would have disastrous consequences for England.