To the Honorable Foreign Minister of Japan,

Spain would like to enter a formal trading agreement with Japan and her territorial possessions. It is the belief of the Spanish government that such trade would only be mutually beneficial to both parties.

We have also heard rumors of Germany canceling an agreement to build two armoured cruisers for the Empire of Japan. Spain may potentially be able to build two armoured cruisers for Japan in the future if Japan is willing and able to meet our selling price.

Sincerely,

The Spanish Foreign Minister

Provisional Government of Hungary

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