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" "[O]ne or two others, and certainly the Australians, require a good deal of education. They must realise that, if we denounce the Japanese Alliance, we can no longer rely on the assistance of the Japanese Fleet, and we must prepare for the possibility that Japan may enter into arrangements which may bring her into hostility with us. This would mean maintaining on the China Station a Fleet superior not only to the Japanese Fleet, but also to any probable combination of the Japanese Fleet with any other Fleet in those waters. This would, of course, be in addition to maintaining the two-Power standard in European waters, both in home waters and in the Mediterranean. The logical conclusion of denouncing the Japanese Alliance would be that Australia and New Zealand should undertake the burden of naval supremacy in China seas. This they are neither willing nor able to do.
Sir Edward Grey, 3rd Bt., 1st Viscount Grey of Fallodon (25 April 1862 – 7 September 1933) was British Foreign Secretary from 1905 to 1916.
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I see Jagow says I could have prevented the war, but the German veto on a Conference struck out of my hand the only effective instrument I could use for peace... Bethmann-Hollweg's objection to a Conference was absolute; and after he had refused and Russia had accepted a Conference I could not protest against Russian preparation for the event of war, especially as the German preparations were far ahead of the Russian, and I could not promise the armed support of this country to Russia. Von Jagow says Germany could not have accepted a Conference as she would have lost prestige, but he admits she lost no prestige in the London Conference of 1912-3, and the precedent of that was a guarantee that there would have been neither diplomatic defeat nor victory for anyone, but a fair conduct of another Conference composed of the same persons and conducted in the same way. And as Serbia had submitted to about nine-tenths of the Austrian Ultimatum there could have been no loss of prestige in submitting the one or two points outstanding to a fair Conference.
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So far from regarding this as a test case on which the future of the League of Nations depends, I say that whatever happens in the Far East, I shall feel that the League of Nations is as important as ever to the peace of the world. The real test of the success of the League is not to be found in what happens in the Far East. It is going to be found in the way nations, especially of Europe, succeeded in reducing their expenditure on armaments.