There are a great many Tory Liberals in the Liberal party. There is a Toryism in Liberalism as great and as deep, though as unconscious, as any in the Carlton Club. There are men who sit still with the fly-blown phylacteries bound round their obsolete policy, who do not remember that, while they have been mumbling their incantations to themselves, the world has been marching and revolving, and if they have any hope of leading or guiding it they must march and move with it too. (Cheers.)

It would have to be considered from the Imperial point of view whether the system of reciprocal tariffs would really bind the mother country more closely with her colonies than was now the case...how Great Britain might have annually to submit to the pressure of various colonies who were discontented with the tariff as then modified and wanted it modified still further. If they considered Great Britain as a target at which all these proposals for modification and rectification would be addressed, he thought it would occur to their Chamber that it would not altogether add to the harmony of those relations to have these shifting tariffs existing between Great Britain and her colonies. (Cheers)...He thought we should have some form of direct representation from the colonies to guide us and advise us with regard to this question of tariffs...Under a system of free trade every branch of industry did not prosper. He was interested in the landed industry (hear), and he did not know that the land industry had prospered particularly under free trade...he thought it could not be denied that under a system of free trade large tracts of country had been turned out of cultivation, that our own food supply had been diminished, and that the population which had been reared in the rural districts had ceased to be reared in those districts...he was not a person who believed that free trade was part of the Sermon on the Mount, and that we ought to receive it in all its rigidity as a divinely-appointed dispensation.

...what is the advice I have to offer you? the first head is this, that you have to clean your slate. (Cheers.) It is six years now since you were in office. It is 16 years since you were in anything like power, and it does seem to me that under these circumstances the primary duty of the Liberal party is to wipe its slate clean and consider very carefully what it is going to write on it in future (Cheers.)

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The nation which is satisfied is lost. The nation which is not progressive is retrograding. "Rest and be thankful" is a motto which spells decay. The new world seems to possess more of this quality in its crude state, at any rate, than the old. In individuals it sometimes seems to be carried to excess. I do not by this mean the revolutions which periodically ravage the Southern and Central American Republics. I think more of the restless enterprise of the United States, with the devouring anxiety to improve existing machinery and existing methods, and the apparent impossibility of accumulating any fortune, however gigantic, which shall satisfy or be sufficient to allow of leisure and repose. There the disdain of finality, the anxiety for improving on the best seems almost a disease; but in Great Britain we can afford to catch the complaint, at any rate in a mitigated form, and give in exchange some of our own self-complacency, for complacency is a fatal gift. "What was good enough for my father is good enough for me" is a treasured English axiom which, if strictly carried out, would have kept us to wooden ploughs and water clocks. In these days we need to be inoculated with some of the nervous energy of the Americans.

...my watchword if I were in office at this moment would be summed up in one single word—the word "efficiency." (Cheers.) If we have not learned from this war that we have greatly lagged behind in efficiency we have learned nothing, and our treasure and our lives are thrown away unless we learn the lesson which the war has given us...last, and, perhaps, greatest of all, there comes a question that underlies the efficiency of our nation...I mean education (loud cheers), in which we are lagging sadly, and with which we shall have peacefully to fight other nations with weapons like the bow and arrow if we do not progress. We have nothing like a national system, but a great chaos of almost haphazard arrangement.