How would the larger British allowance reach Commonwealth navies? — Patreon 100: Stalin's 1930 London Treaty - the USSR joins… at 2:05:30

Question

How would the larger British allowance reach Commonwealth navies?

Short answer

Additional cruisers and possibly modernized British battlecruisers could become available, depending on British construction choices and what receiving governments would fund.

Notes

The Royal Navy and the Commonwealth services are treated as parts of a connected fleet for this discussion. New British fast battleships could make modernized Renown or Repulse available to Australia. More cruiser tonnage could also allow Australia, Canada, and other services to take on additional ships. Their willingness to pay would still limit those transfers. Replacing an entire national fleet is not expected.