The lead we had given in post-War years by the successive reductions in the size of our Air Force had not been followed, nor had it really helped us to reach international agreement... Britain was essentially a stabilising and not an unsettling influence in European affairs. An undue weakness in her defence, if over long maintained in a world that was increasing its armaments, would be no aid to peace.

In one respect, at least, the French and Belgian Ministers saw lucidly and straight. If Hitler were not pulled up now , he would be more troublesome to deal with, every year that passed. This was true, even if he were only checked by the counter-action and not overthrown. Here was a lesson I learnt, and was determined to apply if I could, twenty years later. A militant dictator's capacity for aggrandisement is only limited by the physical checks imposed upon him. Hitler was not challenged until his power had been swollen by a succession of triumphs, and the price to be paid changed the history of our planet.

At core Conservatism stands for the individual, his right to liberty, to justice, to respect for his own distinctive personality. It regards the family as the basic social unit—(cheers)—and the sanctity of family life as vital to the health of the State.

I do not believe that we can make progress in European appeasement if we allow the impression to gain currency abroad that we yield to constant pressure. I am certain in my own mind that progress depends above all on the temper of the nation, and that temper must find expression in a firm spirit. This spirit I am confident is there. Not to give voice it is I believe fair neither to this country nor to the world.

He was confident that there was no nation at the present time which looked upon the armaments of this country with suspicion. On the contrary, if there was anxiety at all in respect of our armaments, it was rather a doubt lest, having reduced them so far in a world which had been increasing its armaments, we should not be in a position to fulfil the commitments which we had undertaken. These were the responsibilities which no Government could ignore.

We cannot agree that an act of plunder which threatens the livelihood of many nations should be allowed to succeed. And we must make sure that the life of the great trading nations of the world cannot in the future be strangled at any moment by some interruption to the free passage of the Canal.

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I thought that the essential factor we have to remember in deciding on our plans and policy for the future is that in the German character the unquestioned authority of the State is what counts for most. The average German is the instrument of the State to an extent which is incomprehensible to us. He belongs to the State, and the State does not belong to him. I see no signs of that in this country, and I believe that the authority we enjoy in the world to-day is precisely because we represent the complete antithesis of the German State conception. This acceptance of the State, since the days of the Prussians, has made Germans ready to aid any leader who wants to guide them into fields of aggression. With the German, the larger the State the more remote and the more majestic is the authority he is prepared to follow into battle or wherever he is led. Germans believe that it is the destiny of their race to be the dominating Power in Europe; that is far more important to them than either the freedom of the individual or the dignity of any particular man or woman. Unless we are seized of that we do not understand the foundation on which Nazi doctrine was so easily superimposed. It was acceptable to the average German because it expressed in aggressive forms the belief which the average German has had for 200 years or more.

We must continue, we will continue, to work by every means in our power to increase the authority of the League, but this cannot absolve us from the duty of recognising that all countries do not share this aim. You may be a member of the fire brigade yourself, but would you be wise to rely upon it exclusively in an emergency if some of the members had already given notice that they would not come to play their part when sent for? Surely, then, there would be an obligation upon you, while responding whenever the alarm-bell rang, to ensure at the same time that the fire-escape was working in your own house.

We are not a Party of unbridled, brutal capitalism, and never have been. Although we believe in personal responsibility and personal initiative in business, we are not the political children of the "laissez-faire" school. We opposed them decade after decade.

At this hour it is surely not necessary to repeat that it is neither an African dispute, nor an incident in expansionist rivalry between two nations, nor a colonial war, but a vital test of the efficacy of the League and of the loyalty of its members to the Covenant to which they have put their names.
We have tried in these post-war years to build up a new order by means of which we hope to spare mankind in the future the scourge of war. We who are members of the League have sought collectively to create a new ideal and a new international order. If we fail, even though that failure be not final, we shall have shattered for a generation, and it may be more, the hopes which mankind has placed in this new endeavour. Who can tell what the consequences of such disappointment may be? If, on the other hand, the League of Nations can on this occasion prove itself able to withstand the strain placed upon it—and I believe it will—then, even though many serious problems will yet surround us, the world will face them fortified in its faith and inspired to fresh endeavour by the victory of its own ideals.
For the first time, I believe, in the history of the world, an attempt is being made to operate an international system based not merely upon power but upon certain fixed principles of equity. This is an adventure in which we may all be proud to play our part.

We should show ourselves firm in defence of collective peace. If we refuse to be scared or weakened by Germany's growing demands, if we resist the temptation to accept everything Germany asks for as a basis for discussion between us, if for a moment we can cease to be an honest broker and become the honest facer of truths, then I am confident that there is no call to view the future with alarm. If, on the other hand, we appear to the outside world to be weak and vacillating, if we allow The Times to continue to preach defeatism and to continue to be regarded as the organ of His Majesty's Government, then we shall encourage Germany's demands, and, no less serious, encourage the weaker powers to take refuge with her in the belief that the collective peace system can never be effective because England will never play her part in its support.

In fact some nations seem to be rearming to the exclusion of almost everything else in their national economy. Our course is clear, if difficult. It is to pursue by every possible means the solution of our problems, to take every opportunity to promote international agreement but at the same time to persist in our own rearmament which has now become an indispensable element in the solution of our ills. Whatever the future of the world organisation, His Majesty's Government have clearly got a great part to play. They can only do that effectively in an armed world if they have the means at their disposal.

[T]here was one principle underlying their approach to all these problems—a principle upon which they stood in fundamental opposition to Socialism. The Conservative objective was a nation-wide property-owning democracy. Both parties believed in a form of capitalism, but whereas their opponents believed in State capitalism they believed in the widest measure of individual capitalism. Man should be master of his environment, and not its slave. That was what freedom meant. ... [W]e of the Conservative Party must maintain that the ownership of property is not a crime or a sin, but a reward, a right, and a responsibility that must be shared as equitably as possible among all our citizens.