For many years we have had a long-standing friendship with France. I remember well the feeling in the House and my own feeling—for I spoke on the sub… - Edward Grey, 1st Viscount Grey of Fallodon

As far as the forces of the Crown are concerned, we are ready. I believe the Prime Minister and my right honorable friend, the First Lord of the Admiralty, have no doubt what ever that the readiness and the efficiency of those forces were never at a higher mark than they are today, and never was there a time when our confidence was more justified in the power of the Navy to protect our commerce and to protect our shores. The thought is with us always of the suffer and misery entailed, from which no country in Europe will escape by abstention, and from which no neutrality will save us. The amount of harm that must be done by an enemy ship to our trade is infinitesimal, compared with the amount of harm that must be done by the economic condition that is caused on the Continent.

[T]here is no comparison between the importance of the German Navy to Germany, and the importance of our Navy to us. Our Navy to us is what their Army is to them. To have a strong Navy would increase their prestige, their diplomatic influence, their power of protecting their commerce; but as regards us—it is not a matter of life and death to them that it is to us.

I welcome the Agreement, and I hope...the Government will lose no opportunity of making it a working model for other cases where it is possible to do so. I welcome this Agreement because I believe not only will it be a working model for other cases, but because it has in it great possibilities for keeping us in contact with France, with a growth of friendly relations to the advantage of both countries, and the many points of contact in various parts of the world will not, as in the past, be occasion for dispute and debate, but will be so many opportunities for the interchange of international courtesies.