:25:00
I have also been admiring
your table silver, Captain.
:25:03
No doubt another
of the Captain's acquisitions.
:25:06
No doubt. Perhaps if Your Excellency
will examine the design...
:25:09
you'll recognize the coat of arms
of the Spanish Viceroy of San Domingo.
:25:14
San Domingo? How interesting.
:25:19
I should like to propose
that we drink to the health of...
:25:22
I do not drink with thieves and pirates.
:25:24
The health I was about to propose
was to Her Majesty, the Queen of England.
:25:30
Mr. Pitt,
obviously Doña Maria has no wine.
:25:40
- To Her Majesty the Queen.
- To the Queen.
:25:43
"Build a fleet. Build a fleet."
:25:46
Always the same advice.
:25:47
As if I didn't have enough demands
on my treasury.
:25:50
If my Lord Admiral is so intent
on building a fleet...
:25:53
perhaps he will also advise me
where to get the money to pay for it.
:25:56
Your pardon,
but may I remind Your Grace...
:25:58
that our privateers
have made substantial contributions...
:26:01
for the very purpose of providing a navy?
:26:03
A large fleet is a luxury
England can ill afford.
:26:06
Tell your friends the Sea Hawks I have
more urgent uses for their contributions.
:26:10
Besides, there's another risk
which Sir John fails to reckon.
:26:13
Should England attempt
to vie in sea power...
:26:15
it may cost her the friendship of Spain.
:26:18
I believe milord values too highly
something which doesn't exist.
:26:21
Have we any evidence
of Phillip's friendship?
:26:24
His forbearance when our privateers
harass his commerce...
:26:27
and plunder his possessions.
:26:29
I suspect Phillip forbears only because...
:26:32
What else can he do?
:26:34
He can bide his time,
until his great armada is built...
:26:37
and then he can strike quickly
before we are ready.
:26:39
I fear Sir John has delusions of danger,
Your Grace.
:26:43
Spain is a vast empire.
:26:44
Naturally, she needs a vast fleet
to defend it.
:26:47
The Armada's no threat to England...
:26:48
unless, by provoking Phillip,
we choose to make it so.
:26:52
Let me be clear, Wolfingham.
My reason for refusing to build a fleet...
:26:55
is to spare the purses of my subjects,
not the feelings of Phillip.