Could Britain and Germany ally in 1895?

What if Britain and Germany allied in 1895, Germany limited its navy and respected British holdings, and Britain ignored German attacks on the French and Russian empires?

The pact was politically conceivable if Germany accepted naval restraint, but its continental strength would make enforcement and long-term British confidence difficult.

A German navy held permanently to fourth or fifth place, with guarantees against occupation of the French and Belgian coasts, could make an alliance compatible with British maritime interests. British political and social factions favouring an understanding with Germany make the proposal plausible in the 1890s. The objection is that Germany was already the dominant continental power, whereas Britain's usual policy was to support weaker powers against a potential hegemon. Further German gains in Russia could initially consume troops and resources but eventually strengthen Germany and relieve its food insecurity. British acceptance therefore depends on both the enforceability of naval limits and the severity of competing problems with France and Russia, especially around India. The pact could serve as a temporary expedient while Britain continued to finance other powers as a counterweight.