Fisher was brought into the Admiralty to reduce naval budgets, and to reform the navy for modern war. Amidst massive public controversy, he ruthlessly sold off 90 obsolete and small ships and put a further 64 into reserve, describing them as "too weak to fight and too slow to run away", and "a miser's hoard of useless junk". This freed up crews and money to increase the number of large modern ships in home waters. The navy estimate for 1905 was reduced by £3.5 million on the previous year's total of £36.8 million despite new building programs and greatly increased effectiveness. Naval expenditure fell from 1905 to 1907, before rising again. By the end of Fisher's tenure as First Sea Lord expenditure had returned to 1904 levels.