In this case it would mean:
- UK keeps its WW1 fleet more or less intact and can construct the projected 4 G-3 and four N-3 class ships, as well as HMS Nelson and Rodney.
- USA keeps WW1 fleet more or less intact and can construct the projected 6 Lexingtons and 6 South Dakota's plus the USS Washington
- Japan keeps its WW1 fleet more or less intact and can construct the projected 2 Kaga's 4 Amagi's, 4 Kii's and 4 No-13's.
- France keeps the Dantons and can construct the 6 Normandie, 4 Lille and 4 battlescruisers projected.
- Italy keeps all its surviving Dreadnoughts and can construct the four Francesco Caracciolo class superdreadnoughts. It also keeps the captured Austrian Tegetthoff.
- Minor naval powers build accordingly what was planned innitially.
With many more battleships around, WW2 might have looked different at sea, as the need to develop airpower at sea became less important for most, if not all powers. (besides the five ships actually converted into carriers naturely.) With very large old gun vessels as the main strangth in the fleets, war at sea might have looked different from reality.
- Main focus in this topic is: What would Germany do to overcome these extreme differences, after canceling Versailles, after the rise to power of the NSDAP?
- What could Japan have done to be succesfull in WW2 with these changes? (2 large carriers less at Pearl Harbour?)
- What would the impact have been of a Dutch East Indies battlefleet present in the Java Sea?
- How would the armsrace locally (Mediterenean Sea) have evolved?

