There is another little tax called the increment tax. For the future what will happen? We mean to value all the land in the kingdom. And here you can… - David Lloyd George

Take Article 12 of this Covenant: "The Members of the League"—which means the nations of the earth—"agree that if there should arise between them any dispute likely to lead to a rupture, they will submit the matter either to arbitration or to inquiry." ... Supposing that had been in existence in 1914, it would have been difficult for Germany and Austria to have gone to War. They could not have done it, and, if they had, America would have been in on the first day, not three years afterwards, which would have...made all the difference. You could not have had the War in 1914 had the League of Nations been in existence. With this machinery I am not going to say you will never have war. Man is a savage animal. ... If it avert one war, the League of Nations will have justified itself. If you let one generation pass without the blood of millions being spilt, and without the agony which fills so many homes, the League of Nations will have been justified. I beg no one to sneer at the League of Nations. Let us try it. I believe it will succeed in stopping something. It may not stop everything. The world has gone from war to war, until at last we have despaired of stopping it. But society with all its organisations has not stopped every crime. What it does is that it makes crime difficult or unsuccessful, and that is what the League of Nations will do. Therefore I look to it with hope and with confidence.

I don't know exactly what I am, but I'm sure I'm not a Liberal. They have no sympathy with the people... All down History, nine-tenths of mankind have been grinding the corn for the remaining one-tenth, been paid with the husks and bidden to thank God they had the husks... As long as I was settling disputes with their workmen, which they had not got enough sense to settle themselves, these great Business Men said I was the greatest Board of Trade President of modern times. When I tried to do something for the social welfare of their workmen, they denounced me as a Welsh thief.

The outlook had become still more threatening since the Pact of Munich. So far from that notorious surrender purchasing appeasement, it had encouraged the dictators to a greater display of insolence. ... Three years ago we discovered that our armaments in essentials for our defence had fallen far behind those of Germany, Italy, and Japan. It was a piece of criminal negligence. ... During the past two years the dictators had, through our lack of foresight, through the gross stupidity of our national leaders, cleverly but relentlessly succeeded in placing the British Empire and France in the most dangerous strategical position which they had ever been situated.