There can be only one peace which will be acceptable to the people of this country. That is a peace which takes every precaution in our power to see … - Anthony Eden

There was only one sanction that could be immediately effective, and that sanction was to deny to Italy the use of the Suez Canal. That sanction must inevitably have entailed military action; there is no doubt of it. That military action must, in my judgment, inevitably have led to war... The only additional sanction that could have been immediately effective would have been the closing of the Canal... There was, in fact, no immediately effective sanction that could have been taken but that. If the hon. Gentleman answers "Yes, he would have closed the Canal," how utterly illogical is the position of hon. Gentlemen opposite when they vote against all Estimates for the provision of armaments—[Interruption]—and when they denounce the Budget of my right hon. Friend as a war Budget. The truth is that while hon. Gentlemen opposite profess to support the League with horse, foot, and artillery, they really only mean to support it with threats, insults and perorations.

If you drive a nation to adopt procedures which run counter to its instincts, you weaken and may destroy the motive force of its action...You will realise that I am speaking of the frequent suggestion that the United Kingdom should join a federation on the continent of Europe. This is something which we know, in our bones, we cannot do... For Britain's story and her interests lie far beyond the continent of Europe. Our thoughts move across the seas to the many communities in which our people play their part, in every corner of the world. These are our family ties. That is our life: without it we should be no more than some millions of people living in an island off the coast of Europe, in which nobody wants to take any particular interest.

In my view there is no security in armaments comparable to that which can be derived from the effective working of a collective peace system. The foreign policy of his Majesty's Government is unalterably based upon the League of Nations as being the most effective mechanism yet devised to operate such a system. It will, I am confident, be clear to any impartial critic upon examination that the moderate measures of national defence provided for in the White Paper do not constitute in themselves any departure from that policy.