Treasury yard closures collided with naval rearmament

Henderson could find money and search the Empire or Czechoslovakia for materials, but he could not instantly recreate shipbuilding capacity. A single-source story places Henderson at a yard to discuss naval construction as Treasury officials were leaving after offering to pay the same yard to close permanently. The anecdote's evidentiary limit is explicit, and the account is not treated as fully proven. Even with that caveat, the episode captures the collision between policies meant to move labour into newer industries and the Navy's need to preserve specialised yards for rearmament.