The panel points out that 1935 is a difficult moment for new sales because major naval programmes are already taking shape. Spain is suggested as a possible customer, although nationalization would make investors cautious. The discussion describes a Vickers-managed Spanish yard that was already state-owned, separating management of the business from ownership of the asset. Destroyers for smaller navies, including Greece, are considered more plausible sales than major warships for the leading powers. That changes the market being discussed, since the original question specifically asked about major navies.
Notable Point · 53:08-54:57
Vickers, Spanish yards, and the market for smaller warships
An export discussion distinguishes state ownership from foreign yard management and identifies smaller navies as more plausible destroyer customers.