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" "The burning blasts of war have shrivelled, blackened, and destroyed the world we once knew. Old landmarks have disappeared. The nations of the earth panting from the struggle, impoverished by the unprecedented destruction of wealth, are confronted with a new set of financial, national, and industrial circumstances. Humanity has indulged in a terrible orgy of destruction; it must pay the price. We must enter on a long period of reconstruction—wherein capital will be scarce, interest high, wages and materials costly.
William Morris Hughes, CH, KC (25 September 1862 – 28 October 1952) was an Australian politician who served as the 7th Prime Minister of Australia, in office from 1915 to 1923. He is best known for leading the country during World War I, but his influence on national politics spanned several decades. Hughes was a member of federal parliament from Federation in 1901 until his death, the only person to have served for more than 50 years. He represented six political parties during his career, leading five, outlasting four, and being expelled from three.
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The right of the state to determine the conditions under which persons shall enter its territories cannot be impaired without reducing it to a vassal state. ... If it [the Permanent Court of International Justice] should decide that it is better for the world that Australia should open her doors to the East, it would be the end of Australia and the future of the civilized world would be profoundly changed. ... We have a certainty of security now as far as it can be assured. We are asked to exchange this for the uncertainty, at the best, of the action of an unknown Court. We must reject the Protocol.
Looking back, as calmly as one might, on that which had come and gone, every thinking man must shudder when he realized how nearly we escaped defeat. We had won; on the field of battle we had triumphed over an enemy that for 40 years prepared for our destruction. The question now was, what shall the future be? Germany, crushed on the field of battle, was still to-day the best equipped for the commercial and industrial fight of every nation in the world. ... The industries of Australia are for Australians, and not for Germans. ... I see no evidence yet of a change of heart. On every side I see abundant proof that she is to-day what she was yesterday. ... As a race the Germans have not repented. They are a race of liars, of cheats. Their word is not to be relied on. (Cheers.) They will put their names to the Treaty [of Versailles], but as soon as we cease to have the power to compel them, that Treaty will be but another scrap of paper.
Many new industries have arisen under the stimulus of dire necessity, and the encouragement of the Government. We have learned to make many things ourselves that we formerly imported from oversea. The war has taught us many lessons. It has taught us, among other things, to believe in ourselves and in the greatness of the resources and destiny of Australia.