Ambitious Russian naval budget for 1906 according to the Dutch magazine Marineblad dated 1905-1906 no. 3

An item referred to the magazine Mitteilungen a.d.G.d.S. reported that the Russian naval budget for 1906 consisted of 116.500.000 rubles of which 39 million for new building and 4.500.000 for improving the arsenals. The total naval building program of ships, yards and harbours was 500.000.000 rubles to be divided over 3, 5 and 10 years. The major parts of the new ships were to be built in Russia although negotiations started with the American Bethlehem Company for building 10 battleships.