To me the greatest value of the Commonwealth of Nations to which we belong is not necessarily an area in which to make money, but it is space in the … - Stanley Baldwin

If this country was again to be prepared to impose "sanctions" against any country, she should not do it with her eyes shut, but she should know that the imposition of "sanctions" might very possibly, very probably, bring in its train war...she must so prepare herself that she could fulfil obligations under the Covenant in any circumstances. That is why we got the mandate at the last General Election which we did, and that is why this country is now preparing herself in the event of its being necessary at any time to take up obligations under the Covenant with whatever may result.

The lessons of this crisis have made it clear to us that in the interests of world peace it is essential that our defensive services should be stronger than they are to-day. When I say that I am not thinking of any kind of unilateral rearmament directed either in reality or in imagination against any particular country, as might have been said to be the case before the War. It is a strengthening of our defensive services within the framework of the League, for the sake of international peace, not for selfish ends...I will not be responsible for the conduct of any Government in this country at this present time, if I am not given power to remedy the deficiencies which have accrued in our defensive services since the War.... One of the weaknesses of a democracy, a system of which I am trying to make the best, is that until it is right up against it it will never face the truth.

There is nowhere in the world, I believe, a higher standard of commercial honour than that which prevails in this country. And the same is true of our Courts of Law, which enjoy a world-wide prestige.