Bar­gain­ing on Navies, in Punch, 19 Feb­ru­ary 1913. Churchill: “What price Ger­man Navy?” Tir­pitz: “Give you 8 to 5.” Churchill: “I want 2 to 1.” Tir­pitz: “Well, I’ll make it 16 to 10.” Churchill: “Right, I’ll take you.”