Looking back today over the years, we may well be proud of the work which our fellow citizens have done in India. There have, of course, been mistakes, there have been failures, but we can assert that our rule in India will stand comparison with that of any other nation which has been charged with the ruling of a people so different from themselves.

As a nation we have two tasks; the one is to provide goods and services for our home needs, the other is to pay for the food and raw materials which we must get from abroad. Before the war we were rich; we owned money and railways and so forth abroad. The income from these helped to pay for our imports; but we sold these in order to help to win the war. We have therefore borrowed large sums from Canada and the United States to tide us over while we build up again, but when this money runs out we must pay for what we want from our own resources. To do this we must devote a far larger part than ever before of the wealth we produce to pay for imports.

We are seeking to build up in this country a system of society in which there shall be freedom from want. We are seeking to join with others in extending that freedom from want all over the world, but we also seek to give to all peoples freedom from fear. The freedom from fear of war is not yet lifted from the men and women of the world. We are doing our utmost to make the United Nations Organization the instrument for banishing the fear of war from the world. But there are many countries to-day where there are other fears that oppress. Personal freedom is still far from complete in many countries. Freedom of conscience is still denied to many. Freedom of speech and freedom of the Press are still unknown in most areas of the world. A system of society that denies all of these other freedoms is not socialism, but only a form of collectivism.

What is this principle? It is not embodied in some narrow doctrinaire formula, as some of our opponents would suggest. Still less is it a particular economic or political formula laid down once for all. It is essentially a moral principle on which we believe the life of nations and of individuals should be ordered. That principle is the brotherhood of man.

During the war we had to stop producing the everyday things which we need in peacetime. We had to concentrate on war production and the bare necessities of existence. The natural result is that to-day we are short of the things which we need... You may ask why cannot we get what we want from abroad? The answer is that we can only get it if we can pay for it. Before the war many of the things which we got from abroad—food and raw material—were paid for by the interest on foreign investments, and by services rendered by us to people in other countries. During the war we had to sell our foreign investments to pay for the arms, food, and other things we needed. Apart from any temporary relief we may get by loans from our friends across the Atlantic, we can only buy from abroad now if we can pay by exporting goods or rendering services.

You have no right whatever to speak on behalf of the Government. Foreign affairs are in the capable hands of Ernest Bevin. His task is quite sufficiently difficult without the irresponsible statements of the kind you are making . . . I can assure you there is widespread resentment in the Party at your activities and a period of silence on your part would be welcome.

I think that some people over here imagine that the Socialists are out to destroy freedom, freedom of the individual, freedom of speech, freedom of religion, and the freedom of the Press. They are wrong; the Labour Party is in the tradition of freedom-loving movements which have always existed in our country, but freedom has to be striven for in every generation, and those who threaten it are not always the same. Sometimes the battle of freedom has had to be fought against kings, sometimes against religious tyranny, sometimes against the power of the owners of the land, sometimes against the overwhelming strength of the moneyed interests. We in the Labour Party declare that we are in line with those who fought for Magna Carta and habeas corpus, with the Pilgrim Fathers, and with the signatories of the Declaration of Independence.

To-day the United States stands out as the mightiest Power on earth, and yet America is a threat to no one. All know that she will never use her power for selfish aims or territorial aggrandisement in the future any more than she has done in the past. We look upon her forces and our own forces and those of other nations as instruments that must never be employed save in the interests of world security and for the repression of the aggressor.

We of the Labour Party reject policies and measures which failed the nation then and will fail the nation now. We want to lay the foundations of a new and better Britain worthy of our great people. That is why we propose in the interests of the whole nation that the community should become the master of its economic progress and prosperity, instead of leaving control in private hands to be used primarily for the private advantage of a few. In short, we are standing for the common weal. But we need political power to enable us to give practical effect in Parliament to our great forward-looking policies. The nation has now the chance to give Labour the necessary power to do the job, and I appeal to the electors in the constituency which you are contesting to make certain of electing you to the new House of Commons.

The simple fact is that nothing would be more harmful to the post-war economic and social welfare of our country than that the Tory Party should again have charge of the nation's affairs. The Tory record of lamentable failure and muddle between the two world wars is a sharp warning which the people will do well to heed unless they prefer to delude themselves with false hopes now and indulge in vain regrets later. We did not fight and win the war for private profit or for any selfish national end, but to preserve the right of the people to live in freedom and to increase their opportunities to achieve by their own industry and service the conditions and standards of a secure and happy life. The Tory Party want to hand us back into the keeping of private profit-seeking enterprise which was responsible for the mass unemployment, the derelict areas, and the waste and misery of the years between the two wars. In the light of bitter experience that would be folly.

I shall not waste time on this theoretical stuff, which seems to me to be a secondhand version of the academic views of an Austrian professor—Friedrich August von Hayek—who is very popular just now with the Conservative Party. Any system can be reduced to absurdity by this kind of theoretical reasoning, just as German professors showed theoretically that British democracy must be beaten by German dictatorship. It was not.

The Prime Minister spent a lot of time painting to you a lurid picture of what would happen under a Labour Government in pursuit of what he called a Continental conception. He has forgotten that Socialist theory was developed by Robert Owen in Britain long before Karl Marx. He has forgotten that Australia, New Zealand, whose peoples have played so great a part in the war, and the Scandinavian countries have had Socialist Governments for years, to the great benefit of their peoples, with none of those dreadful consequences...When he talks of the danger of a secret police...he forgets that these things were actually experienced in this country only under the Tory Government of Lord Liverpool in the years of repression when the British people who had saved Europe from Napoleon were suffering deep distress. He has forgotten many things, including, when he talks of the danger of Labour mismanaging finance, his own disastrous record at the Exchequer over the gold standard.

When I listened to the Prime Minister's speech last night, in which he gave such a travesty of the policy of the Labour Party, I realized at once what was his object. He wanted the electors to understand how great was the difference between Winston Churchill, the great leader in war of a united nation, and Mr. Churchill, the party leader of the Conservatives. He feared lest those who had accepted his leadership in war might be tempted out of gratitude to follow him further. I thank him for having disillusioned them so thoroughly. The voice we heard last night was that of Mr. Churchill, but the mind was that of Lord Beaverbrook.