Our Naval Force being increased to near double what it was at my Accession to the Crown, the Charge of Maintaining it will be proportionably augmented; and it is certainly necessary for the Interest and Reputation of England, to have always a great Strength at Sea. The Circumstances of Affairs Abroad are such, that I think my self oblig'd to tell you My Opinion, That for the present, England cannot be Safe without a Land Force, and I hope We shall not give those who mean Us Ill, the opportunity of Effecting that, under the Notion of a Peace, which they could not bring to pass by a War.
Speech to Parliament (3 December 1697), quoted in White Kennett, A Complete History of England: With the lives of All the Kings and Queens Thereof; From the Earliest Account of Time, to the Death of His late Majesty King William III. Vol. III (1706), p. 741