Why monopoly naval yards become a public responsibility

Clarke argues for public ownership where a specialized naval yard has the government as its only realistic customer. In that situation, he sees reported profits as money ultimately supplied by taxpayers. Distinct yard specialisms can also make a contract's likely recipient apparent before a nominal competition begins. Private borrowing adds interest that the government then pays through higher contract prices, supporting his case for financing the capacity directly. Government gilts offer another way to raise those funds.