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.....Or how does the Royal Navy have 3 Ark Royal Class Carriers in service before Sept 1939

We had quite a good discussion around the USN building 2 or more Yorktown's (Which if memory serves results in Wasp being a Full sized Yorktown and an Additional unit built before OTL Hornet)

https://www.alternatehistory.com/discussion/showthread.php?t=356746&page=7&highlight=USS+Yorktown

Anyway I though we might try the same exercise here with regards to the HMS Ark Royal Design which turned out to be a one off class of Aircraft carriers and manage to get her and 2 sisters built.

How could this have been achieved?

And when?

And because we love that sort of thing - what would they be called?

My understanding is that the Ark Royal was delayed by several years mostly as a result of a dip in the Defence Budget between 1930 and 1933 and was only ordered as part of the 1934 defence programme and laid down in 1935.

Had that dip been 'resisted' then its possible the Ark gets laid down during this period - say 1932 with a 2nd unit (HMS Invincible?) laid down in 1935 (when the OTL Ark was laid down)

What I am struggling with is when does the 3rd unit (HMS Inflexible?) get ordered / laid down

Also regarding balancing the fleet size what has to give treaty wise?
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